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Imperial acquires N.Y.'s Morton Paper

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Imperial Bag & Paper Co. LLC, the Bayonne-based distributor of food service products and janitorial supplies, announced Thursday the acquisition of Morton Paper Co. Inc., of Brooklyn, N.Y.

In an announcement, Imperial said the combined businesses will generate more than $325 million in annual revenue. Financial terms of the deal were not disclosed. The closing is scheduled for July 31.
The company also announced it has taken on an additional 139,000 square feet in the Pulaski Distribution Center, in Jersey City, which will open 2014.

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