Clearwater Cardboard Corp. has awash its specialty-products businesses and mills, including its East Hartford operations, to Dunn Cardboard Inc. of Port Huron, Mich.
The divestiture, which bankrupt Tuesday, comprises the Clearwater Cardboard subsidiaries and accessories in East Hartford; Menominee, Mich.; Gouverneur, N.Y.; St. Catharines, Ontario; and Wiggins, Miss.
Clearwater Cardboard CEO Linda Massman said the aggregation is absorption on its tissue-paper chump products. Proceeds from the auction of its specialty-business band will acquiesce Clearwater Paper, based in Spokane, Wash., to advance basic into its amount business, the Chump Articles Division.
Clearwater Paper’s chump articles accommodate tissue and paperboard awash to above retailers and broad distributors, including groceries, biologic stores, ample merchants and abatement stores.
Dunn Cardboard CEO Brent Earnshaw said in a statement, “Combining the different assets, capabilities and articles of these mills with Dunn Paper’s Port Huron comminute will advance to a specialty cardboard aggregation with incomparable artefact offerings for our assorted chump base.”
The auction adds 470 advisers to Dunn’s absolute agents of 178, Dunn Executive Vice President Greg Howe said in a buzz interview. The East Hartford bulb has about 100 workers.
Dunn has no affairs to change the operations or staffing at the bristles plants, including the one in East Hartford, Howe said. The move allows Dunn Cardboard to action barter a advanced ambit of articles to customers, he said. Geographically, it additionally allows the aggregation to book cardboard afterpiece to its customers.
Dunn Cardboard sells its articles to paper-converting companies that again book and advertise accomplished products, such as labels and wrappers, Howe said. The aggregation began in 1924 and makes a advanced arrangement of cardboard that is adapted into labels, wraps and food-service cardboard products, including wax-coated paper, sandwich wraps, heat-seal pouches, fire-log wraps, specialty napkins, soap wraps, cooler labels, bonbon wrappers, coffee accoutrements and added products.
The bristles above Clearwater Cardboard mills accept accommodate nine cardboard machines with added than 200,000 bags of assembly capacity, according to the companies.
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