Caraustar Industries, Inc. announced that it is retaining its Tama, Iowa, coated recycled boxboard mill. However, the company also said it has exited the rest of its coated recycled boxboard mills earlier this year and Tama had been held for sale as part of the CRB group.
However, after closing the other CRB mills, Tama mill became more profitable, resulting in the company’s decision to retain the mill.
The company today also announced the completion of the exit of the specialty packaging business. Facilities in Birmingham, AL; Robersonville, NC; Bucyrus, OH; Strasburg, OH; and Clifton, NJ have all been sold or closed.
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