CellMark acquires Paper Tube & Core Corp.

The Norwalk, Connecticut-based North American recycling business unit of CellMark has acquired Paper Tube & Core Corp. (PT&C). That Paterson, New Jersey-based firm specializes in collecting, repurposing and recycling large paper cores and tubes on a global scale.

An email sent by PT&C President Russ Panzer and Vice President of Operations Jeff Schindle states, in part, “We are pleased to announce that Paper Tube & Core Corp. was recently acquired by CellMark Inc., an employee-owned independent supply chain services company. We have joined CellMark’s Recycling Division, adding a new element to an existing network of offices and production facilities across North America, Europe, the Caribbean, South America and Asia.”

Panzer and Schindle say CellMark and PT&C “have worked together for a number of years, and we feel strongly that our synergistic businesses, our core values and our commitment to quality and service align perfectly.”

The duo also write that “the entire PT&C team will be staying on and is excited about this growth opportunity.” The specialty core and tube operation will continue operating out of its New Jersey production facility with a slight re-branding as “Paper Tube & Core, A CellMark Company.”

Gothenburg, Sweden-based CellMark has its roots in the forest products and papermaking industries. The company now trades in numerous materials and products, including scrap paper and other secondary commodities.

In North America, its recycling business unit operates several trading offices. In addition to the newly acquired PT&C New Jersey facility, CellMark in North America operates recycling plants in Alabama, South Carolina, Utah, British Columbia, Canada, and in Jamaica.