OX Industries Acquires Carthage Specialty Paperboard Mill in New York
The Carthage, NY mill produces various grades of uncoated recycled paperboard for industries such as pharmaceutical cap sealing, art mat board, ridged setup box, folding cartons, and protective packaging.
Oct. 25, 2018 - Ox Industries today announced that it has acquired Carthage Specialty Paperboard, Inc., located in Carthage, New York.
Terms of the deal were not disclosed. The acquisition was finalized today, October 25.
According to Ox Industries, Carthage Specialty Paperboard, Inc. filed for bankruptcy in February of 2018 and has been operating under financial pressure since that time. The mill is over 125 years old and produces various grades of uncoated recycled paperboard for industries such as pharmaceutical cap sealing, art mat board, ridged setup box, folding cartons, and protective packaging.
Kevin Hayward, President of Ox Industries, stated, “Despite the difficult recent times, the mill's equipment has great potential and the staff is knowledgeable and skilled in the industry. We are excited about this new opportunity as it expands our mill product offering and supports our vertically integrated mill system.”
Ox Industries has renamed the paper mill from Carthage Specialty Paperboard, Inc. to Ox Specialty Papers, LLC to fit in with the Ox suite of facilities.
Headquartered in Hanover, Pennsylvania, OX Industries is a vertically integrated manufacturer of 100% recycled paperboard, tubes & cores, and edge protective products. OX is a leader in the uncoated paperboard industry with a capacity to produce over 160,000 tons annually. To learn more, please visit: www.oxindustries.com.
SOURCE: OX Industries