Sonoco Products has completed its all-cash purchase of the 90,000-ton paper mill at Hutchinson, Kansas, from Republic Group LLC.
The Hutchinson mill, which had annualized sales through September 30, 2001, of approximately $30 million, has two pressure former paper machines and employs about 145. Sonoco is the mill's largest customer, purchasing paperboard for composite cans, primarily for refrigerated dough products, and for tubes.
"The acquisitions of the Hutchinson mill and U.S. Paper Mills Corp. make Sonoco the market leader in the less-cyclical consumer-driven tissue and towel coreboard market.Latest from Recycling Today
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