OX Industries Acquires Carthage Specialty Paperboard
Ox Industries has acquired Carthage, New York-based Carthage Specialty Paperboard, Inc.
Carthage Specialty Paperboard, which 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, filed for bankruptcy in February 2018.
“Despite the difficult recent times, the mill’s equipment has great potential and the staff is knowledgeable and skilled in the industry,” says Kevin Hayward, president of Ox Industries. “We are excited about this new opportunity as it expands our mill product offering and supports our vertically integrated mill system.”
The deal was finalized on October 25.