Jamestown Container acquiring H.P. Neun

A Chautauqua County firm plans to keep several H.P. Neun Co. Inc. employees after it acquires that company's Wayne County-based packaging business, according to a statement released on Wednesday.

Jamestown Container Companies, which already operates on Edwards Deming Drive in Rochester, said that the deal is expected to be completed in May. Financial terms were not disclosed.
"H.P. Neun agreed to sell our business now because we believe it is in the best interests of our customers, employees and shareholders," Stephen M. Bregande, president and chief executive officer of H.P. Neun, said in a statement. "Jamestown Container shares similar values, purpose and overall philosophy, with a well-earned reputation as a high quality manufacturer and excellent service provider."

Jamestown Container is a corrugated packaging manufacturer, supplying a variety of such custom-made items as shipping boxes, plastic and foam packaging and laminated containers to wholesale providers, in addition to other related services.
The state Department of Labor posted a notice earlier in the week that H.P Neun was planning to lay off as many as 64 workers at operations in Lyons, Wayne County, and in Seneca Falls, Seneca County, as a result of the sale.

ROCHESTER DEMOCRAT AND CHRONICLE

H.P. Neun cutting 64 jobs

But as part of the deal, Jamestown Container said it would retain roughly 50 workers, mainly account managers, customer service and design professionals as well as operations and distribution personnel at H.OP. Neun. Jamestown Container will operate H.P. Neun's Viva Foam business in Wayne County, with many of those workers expected to stay past the ownership transition.

Jamestown Container added that it expects to hire several new operations workers for its Rochester-based manufacturing facility.

Overall, the company employs about 350 people and has locations in upstate New York and Cleveland, Ohio. H.P. Neun, one of the state's oldest packaging companies, traces its roots back to 1880. It was once headquartered in Fairport before moving to Wayne County. It has yet to be determined if the H.P. Neun name will remain after the deal closes..
"In addition to the new job creation, we believe this acquisition stabilizes and strengthens the jobs for our current workforce," said Joseph R. Palmeri, Jamestown Container vice president and COO.  "That — combined with our relationship with our world-class Greenpac paper mill, our role as the managing partner at Niagara Sheets LLC, and the continued process improvements in all of our plants —  will enable us to enhance our products and services to our customers, support our leadership position in our markets, and strengthen our capability for future growth and expansion as opportunities arise."
TCLAUSEN@Gannett.com

http://www.democratandchronicle.com/story/money/business/2016/02/24/jamestown-container-acquiring-hp-neun/80849028/#