Dive Brief:

• Caraustar Industries Inc. finalized its acquisition of Cranford, NJ,-based Newark Group Inc. The initial agreement was announced in July 2014.
• The Newark Group manufactures recycled paperboard, liner board, industrial tubes, and other converted products. It operates over 20 manufacturing plants across North America.
• The products will complement Caraustar’s range of offerings which include recycled paperboard and converted paperboard products.

Dive Insight:

Caraustar, Austell, GA, covers four main segments using recycled boxboard: folding cartons, tubes and cores, gypsum facing paper, and specialty paperboard products. 

Michael Patton, president and CEO of Caraustar, said, “The combination of these two companies offers a compelling platform for future growth and will make us more competitive in the end use customer segments we serve.”