Caraustar Industries, Inc. completed the acquisition of Arrow Paper Products company of Saginaw, Michigan. Arrow operates two tube and core converting facilities that serve customers in the automotive, film, housewares and other specialty tube and core markets.
Arrow Paper Products had revenues of approximately $5.4 million for the year. According to Jim Russell, vice president of Caraustar's Industrial & Consumer Products Group, ``The acquisition of Arrow Paper Products fits strategically with Caraustar's long-term growth plans. Arrow expands our current customer base, strengthens our position to better service existing customers and provides important geographical expansion for our tube and core business.''
Explore the September 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Autocar releases Smart Battery Cable to advance refuse truck fire safety
- PLASTICS launches Positives of Plastics website
- Impact Air Systems launches compact ZAC400
- PCA to shut down paper machines at Washington containerboard mill
- BMRA provides landfill guidance for UK shredder operators
- Fornnax high-capacity tire recycling plant
- EU introduces measures to secure raw materials, strengthen economic security
- US Steel to restart Illinois blast furnace
