KapStone Paper and Packaging Corporation (KapStone), formerly Stone Arcade Acquisition Corporation is engaged in producing and selling a range of unbleached kraft paper, linerboard, folding carton board, saturating kraft, inflatable dunnage bags and dimensional lumber. The Company was formed as a special purpose vehicle for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an unidentified operating business in the paper, packaging, forest products and related industries. The Company operates in three business segments: unbleached kraft, dunnage bags and lumber. On July 1, 2008, the Company consummated the purchase from MeadWestvaco Corporation (MWV) of substantially all of the assets and the assumption of certain liabilities of the Charleston Kraft Division (CKD).