In 1983, Edwin S. “Stan” Hooker III and a partner purchased Midland Paper, Packaging + Supplies from the jaws of bankruptcy. His vision was to create the premier independent wholesale distribution company for fine printing papers in the Midwest. Hooker has never wavered from his original vision.
Those early years presented a number of challenges, including apprehensive suppliers, minimal working capital, bankers looking for personal guarantees and a crowded market of competitors, many of whom had substantial resources.
Year after year, all of the profits were invested back into the business so Hooker could continue to build the business while gaining credibility and trust with suppliers, customers and banks.
MPC prides itself on having a flat management structure, which enables the company to be responsive to its employees and make key or strategic business decisions in a relatively short period of time. In addition, the company’s four stockholders are actively involved in the day-to-day business operations and practice an open-door management style. The culture has allowed the company to double its employee base during the last five years while maintaining a very low turnover rate among its middle- and upper-management team. It also allowed MPC to acquire several companies with a minimal impact on the underlying business.
Today, the company has grown to become one of the largest independent paper and packaging distribution companies in the country.
HOW TO REACH: Midland Paper, Packaging + Supplies, www.midlandpaper.com