KapStone Paper and Packaging Corp., Northbrook, Ill., has completed the acquisition of U.S. Corrugated Inc. (USC). Under terms of the sale, KapStone acquired USC, which includes a 240,000-ton recycled containerboard paper mill in Cowpens, S.C., as well as 14 converting facilities in the East and Midwest.
In an announcement, Roger Stone, chairman and CEO of KapStone, says, "Today we are welcoming USC's team as the newest members of KapStone. We look forward to building on their momentum. The acquisition of USC now transforms KapStone into a much more profitable and stronger company."
KapStone Paper and Packaging is the parent company of KapStone Kraft Paper Corp. In addition to 14 converting facilities, KapStone operates paper mills in Roanoke Rapids, N.C., North Charleston, S.C. and now USC’s mill in Cowpens.
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