Newark is a manufacturer of recycled paperboard, linerboard, industrial tubes, cores and other converted product including book covers and packaging solutions.Headquartered in Cranford, NJ, The Newark Group has approximately 1,500 employees and operates over 20 manufacturing facilities in the US and Canada.
"The acquisition of The Newark Group is a major milestone in our growth journey," said Michael Patton, CEO of Caraustar. "Bringing together the strengths of our respective companies will dramatically expand our manufacturing and distribution capabilities to better serve our growing customer base.We look forward to working with The Newark Group employees, partners and customers."
Tenno Tsai, Managing Director at H.I.G. Capital commented, "The combination of these highly respected companies will significantly build upon our investment in the recycled paperboard industry.We are impressed with the capabilities of The Newark Group and look forward to supporting Mike and his leadership team as they integrate the businesses."
Caraustar Industries, Inc. is an integrated manufacturer of 100% recycled paperboard and converted paperboard products.
