Carthage, NY, on Oct. 25.
Carthage Specialty Paperboard fell into bankruptcy in February 2018 and has been operating under
financial pressure since that time. The paper mill is over 125 years old and produces various grades of uncoated, recycled paperboard for industries such as pharmaceutical cap sealing, art matte board, ridged setup box, folding cartons, and protective packaging.
Kevin Hayward, president of Ox Industries, says, “Despite the difficult recent times, the mill’s equipment has great potential, and the staff is knowledgeable and skilled in the industry. We are excited about this new opportunity as it expands our mill product offering and supports our vertically integrated mill system.”
Ox Industries has renamed the paper mill from Carthage Specialty Paperboard, Inc. to Ox Specialty Papers, LLC to fit in with the Ox suite of facilities.
About OX Industries:
OX Industries is a vertically integrated manufacturer of 100% recycled paperboard, tubes & cores, and edge protective products. OX is a leader in the uncoated paperboard industry with a capacity to produce over 160,000 tons annually, saving over 367,500 cubic yards of waste paper from landfills.