NEW YORK (News release) -- Gould Paper Corporation (OVOL USA) has acquired McGrann Paper.

Michael Trachtenberg, President & CEO of Gould Paper, said: "McGrann, founded in 1974, brings decades of experience bringing suppliers to markets that were uneconomical. Led by Mark Sovie in Charlotte, NC, they will continue to utilize the network of strategically located warehouses & distribution facilities that is the heart of the value proposition."

With revenues of more than $1 billion, OVOL USA is among North America's largest distributors of printing, publishing and business papers.