Caraustar on Feb. 19 said it closed the acquisition of The Newark Group after it cleared a US Dept of Justice (DOJ) antitrust review that did not require any divestitures.
Caraustar, owned by private equity firm H.I.G. Capital, announced the merger in July (P&PW, July 11, 2014, p. 1). Market sources told RISI that the DOJ was investigating the merger up until early January. Newark Group is owned by DDJ Capital, an investment company.Read more
It’s tough to be perfect when producing millions of custom boxes every year, but customers expect it. If defective boxes turn up in a shipment, customers gladly return them with an accompanying complaint. It’s the bane of existence for converters like Landaal Packaging, where factory floor workers sometimes responded to alarms from sensor-based glue detection systems, and searched for bad boxes that were nearly impossible to find or never existed in the first place (thanks to false alarms).Read more
Joe Pagliaro is one of America’s most thoughtful speakers on the art of the package. He’s put many years into the study of effective packaging, the practical implications as well as the psychological and emotional, and has been behind some of the most innovative designs, including L’Oreal, Unilever, Johnson & Johnson and now HEINEKEN USA, as its Director of Innovation and Packaging. What Pagliaro does isn’t like a science, it is a science.Read more
With 70 percent of purchasing decisions now being made at the point-of-purchase, more brands than ever are turning to shelf ready packaging to vie for shopper’s attention. This spike in demand is placing pressure on box plants to transition to high-output rotary die cutters that increase production and ensure maximum quality. MicroGrind®, an innovative technological offering from SUN Automation Group, assists with this transition and facilitates the step-up in quality required to meet this demand.Read more
After breaking ground 15 months ago, INX International Ink Co. has begun the process of moving into its new 63,000 square-foot facility in Lebanon, Ohio. The manufacturing operation is home to nine employees who have moved from a smaller, outdated building about 21 miles southwest in Blue Ash, a suburb of Cincinnati. Currently in the process of hiring new employees and relocating existing employees, INX will employ approximately 38 people in Lebanon.Read more
In the sports world, nothing gets the fans of a contending team more excited than when management decides to make a big trade. Nearly two years ago, Mark Smiley saw an opportunity to improve the back-end operations at Badger Paperboard in Fredonia, Wis. That’s when he traded an outdated, 100” Seybold paper cutter for an 85” Seybold unit rebuilt by Colter & Peterson, featuring the latest electronics and a separate ‘Flying Carpet” system. The trade turned out to be a winning move.Read more
Folding carton converter Dee Paper, Chester, Pa., appoints Steve Harrell as its new president effective Feb. 1, 2015. Steve will be replacing Jay Dee who has been active in senior management positions at Dee for more than 40 years. Jay has most recently served as Dee Paper's president and will remain with the company as a member of the Board of Directors and in a sales and customer relations role.Read more