Feb. 12, 2021 - Ox Industries has acquired Corex US, LLC, a manufacturer of spiral wound tubes and cores located in Stevens Point, Wisconsin. This facility adds high strength paper core production technology for plastic film and paper mills to the Ox converted product line.
Terms of the deal were not disclosed.
The acquisition expands OX Industries' reach in the Midwest.
"We couldn't be happier about this acquisition. The Stevens Point facility expands our converted products footprint in the Midwest, and we're adding a solid team to our organization," said Kevin Hayward, CEO of Ox Industries. "We welcome the employees and anticipate great things out of this facility."
The Corex US facility will be vertically integrated within the Ox paper mill network and immediately operational.
Headquartered in Hanover, Pennsylvania, OX Industries is the largest independently-owned vertically integrated manufacturer of 100% recycled paperboard, specialty papers, paper tubes & cores, and edge protective products in the United States. The company operates four recycled paper mills and five vertically integrated converted products facilities in eight states. To learn more, visit: www.oxindustries.com.
SOURCE: Ox Industries
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