Caraustar’s Carolina Mill Permanently Stops Production

Associated with this closure, the company will record a pre-tax charge of approximately $9.7 million, of which $7.3 million will be non-cash. It is expected that the rationalization of this facility will generate $11.4 million in annual pre-tax savings. The closure of the Carolina Paperboard mill will affect approximately 111 salaried and hourly employees. Caraustar will provide a comprehensive program of separation compensation, benefits coverage and job assistance to the employees affected by the closure to facilitate their transition to alternate employment.