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Caraustar exits CP, CRB businesses

Caraustar Industries Inc.

Pw 10151 Industry 07

, an Atlanta-based recycled-paperboard and packaging company, says it intends to exit its specialty contract packaging and coated recycled boxboard businesses. The company says the moves are part of a strategic transformation plan.

The specialty contract package business includes six facilities, located in Birmingham, AL; Robersonville, NC; Bucyrus, OH; Strasburg, OH; Clifton, NJ; and Pine Brook, NJ. The company’s coated recycled boxboard business consists of mills in Versailles, CT; Rittman, OH; and Tama, IA.

“Caraustar’s management team has been working diligently on a comprehensive strategic review of all of our businesses,” says Michael J. Keough, president and CEO, adding that the company was seeking buyers for both businesses.

Videos from Universal Labeling Systems, Inc.
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