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Caraustar Industries, Inc., a portfolio company of H.I.G. Middle Market, has entered into an agreement to acquire The Newark Group, Inc.

The acquisition is subject to customary closing conditions and required regulatory approvals.

Newark is a manufacturer of recycled paperboard, linerboard, industrial tubes, cores and other converted product including book covers and packaging solutions. Headquartered in Cranford, New Jersey, The Newark Group has approximately 1,500 employees and operates over 20 manufacturing facilities in the U.S. and Canada.

Published in the August 2014 Edition of American Recycler News