Lecta has announced the temporary shutdown of line 8 production at its Condat mill, in the French...
Under new ownership, New Leaf Paper reinforces focus on environmental sustainability
New Leaf Paper, an industry leader in post-consumer and sustainable papers, today announced that the company has been acquired by FutureStake, Inc., a Gettysburg, Pa.- based mission-driven company focused on environmental preservation and education. The acquisition will allow New Leaf to reinforce and expand its commitment to environmental sustainability and grow its post-consumer, low-carbon-product offerings.
Michelle Thornton, New Leaf's vice president since 2008, will remain in her role with the company. The company has appointed Yen Lam president and chief information officer; she will assume day-to-day leadership of the company. Jeff Mendelsohn, New Leaf's founder, has stepped down from his role as president and has moved on from the company.
"We at New Leaf Paper and FutureStake are committed to a vibrant, green-centric economy working for and with nature and our clients," said FutureStake President Timothy Shields. "We want to make sure our children, our communities, our country and our continent enjoy health, prosperity, happiness, and our natural environment, for generations to come."
New Leaf Paper will be headquartered in Gettysburg.