Facebook LinkedIn Twitter Vimeo RSS

Ox Industries acquires NY paperboard mill for $10M

By ,
(Photo / )

A Hanover-area paperboard and building-products manufacturer has paid $10 million to buy a paperboard mill in New York.

Ox Industries acquired Carthage Specialty Paperboard Inc. and its more-than-125-year-old paper mill in Carthage, New York, on Oct. 25.

Carthage had been operating under financial duress after filing for bankruptcy in February, according to a press release. The company produces uncoated recycled paperboard for industries such as pharmaceuticals and art supplies.

Following the acquisition, Ox Industries renamed the paper mill Ox Specialty Papers LLC.

Despite the financial difficulties, the paper mill’s equipment is in good shape and has great potential, said 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," Hayward said in a statement.

The company, based in Conewago Township, has more than 400 employees at nine locations in seven states, said Emily Arigo, an executive administrative assistant at Ox Industries. 

Ox Industries acquired a production facility in North Carolina in 2015.

You May Have Missed...

Emily Thurlow

Emily Thurlow

​Emily Thurlow covers York County​ for the Central Penn Business Journal. Have a tip? Drop her a line at ethurlow@cpbj.com. Follow her on Twitter @localloislane.

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

John November 22, 2018 2:39 am

It is interesting to read your blog post and I am going to share it with my friends.republic

rosemary November 4, 2018 2:21 pm

Der Künstler sammelt Wünsche von Menschen und integriert sie in seine Arbeit, die während der Silvesterfeierlichkeiten vor dem berühmtesten Neujahrswünsche Englisch Neujahrsgrüße Wahrzeichen Kölns gezeigt wird.

Norton Support October 30, 2018 2:59 am

Points you raised very valid points in your post. It really happened some person do not have the right idea. But with your awesome tips, one can easily identify it. You should check Norton Support for any help related to Antivirus or your PC suffering from a virus

VivianSalazar October 29, 2018 7:31 am

它只是一个了不起的博客,你提供了很棒的服务,gonnna将它添加到“haoessays.wordpress.com”。它会为它提供书签以获得更多建议,并保持它。

close