Soundview Paper Company announced today that George Wurtz is retiring from his position as President and CEO of the Elmwood Park, New Jersey-based towel and tissue product manufacturer, effective September 23, 2014.
will continue to be engaged with Soundview
as its Chairman and as a significant investor.
will be succeeded as President by Karl Meyers, who has served as Chief Operating Officer of Soundview's Away-From-Home Division for the past year and brings decades of experience in the pulp and paper industry to the position.
Meyers and Wurtz were two of the original industry leaders who started Soundview.
Paper was established in 2012 to recapture the greatness of a family-owned business and transform an eighty-year old company into a leading, 21st century manufacturer," Mr. Wurtz
"We believed then that a united and safe workforce delivering high-quality products and superior customer service at a competitive price would drive that transformation and it has.
I am extremely proud of how our team has positioned the company for growth and success in the years to come and have the utmost confidence in Karl's ability to lead this business in its next successful chapter."
further indicated that Mr. Meyers has decades of hands-on experience and leadership in the Consumer Products Tissue Market of North America.
Tim Fazio, Co-Founder and Managing Partner of Atlas Holdings LLC, which owns Soundview Paper, said, "George Wurtz partnered with us to found Soundview Paper and immediately spearheaded the successful turnaround of a vital consumer products business.
From ensuring strong labor-management relations to developing an exciting array of products to meet our customers' needs, George
honored the legacy of the Marcal
name at every turn and set us on the right course for the future.
We thank George
contributions as President and CEO and look forward to his
continued service as a member of the Soundview Board of Directors."
Relighting the sign also was a way to celebrate Soundview's efforts to rebuild the Marcal name, the brand of the company's toilet tissue, paper towels and facial products, said Soundview President and Chief Executive Officer George Wurtz.
Since purchasing financially struggling Marcal
for an undisclosed sum, Soundview
, part of Atlas Holdings LLC
, has been stabilizing the company and positioning it for growth, Wurtz
It has also boosted productivity by 20 percent and sales increased 19 percent, Wurtz
"Karl's operating knowledge and market place experience in the Away From Home Business will be instrumental in expanding our profitable market share growth and firming up our five year strategy for this Business," said George Wurtz, President & CEO of Soundview Paper Company.
Soundview chief executive George Wurtz said: "Lower energy costs are crucial to being competitive and we are also focused on reducing the environmental impact of our products.
Soundview CEO George Wurtz said: "Lower energy costs are crucial to being competitive.
While making no promises, Soundview President and Chief Executive Officer George Wurtz III said business is good in Vermont so far.
"We've been very pleased with the initial investment," Wurtz
"We're in conversations with the governor to look at potentially continuing to grow our converting capacity and hire more employees within the region."
formed with the acquisition nearly a year ago of Elmwood Park, N.J.-based Marcal Paper Mills LLC.
Marcal-known for its 100 percent-recycled paper products such as tissues and napkins-which had entered and emerged from bankruptcy and was about to be liquidated, Wurtz
"We went in and looked at the (Marcal) mill, and we decided to buy the mill," Wurtz
It so happened that Putney Paper
was a Marcal supplier, so Soundview
executives visited Vermont.
recalls a September conversation that went this way: "If you're ever interested in selling, Putney Paper
would be a perfect fit with our Soundview Paper business and the Marcal
"Safety has improved dramatically," Wurtz
"It's a much safer workplace.
It's a cleaner workplace."
The acquisition was a strategic move for Soundview
: The company, through its continuation of the Marcal brand, already was a player in the "in-home" segment of the paper-product market.
said "away-from-home" products-for example, paper used in restaurants or hotels-account for about 34 percent of the business.
And that's where Putney
comes in, as the mill produces folded towels and napkins for the away-from-home market.
"It gave me access to 34 percent of the market," Wurtz
"Before that, we were only doing business in one segment of the market."
It helps that the Putney mill produces a 100-percent recycled product.
"Sustainability is important," Wurtz
"Most of the away-from-home market prefers recycled."
The mill employs 105-95 hourly employees and 10 salaried.
But administrators say they can add more equipment and staff without needing to add square footage.
While there is business demand for such a move, Wurtz
said the state's eventual decision on whether to assist the company is important.
"We're doing very well.
We've invested money.
We're looking to invest more money in the facility," Wurtz
"We are excited about the Putney acquisition," said George Wurtz, Soundview's CEO.
Governor Guadagno and the State of New Jersey to retain and grow hundreds of good manufacturing jobs here in New Jersey," said George Wurtz, Soundview's president and CEO.
"We plan to focus on superior customer service and product excellence by building on the quality of our people, our equipment, our papermaking skills and our core brand, Marcal®," said George Wurtz, CEO of Soundview Paper Company.
leadership team is comprised of industry veterans with unparalleled experience in the tissue business.
With the strong focus and high standards of this team, Soundview
is well-positioned to transform this business, better serving our customers.
has a long successful history in the paper industry including as a former Executive Vice President of Georgia Pacific