Dive Brief:
- Caraustar Industries, Inc., a recycled paperboard manufacturer, announced the acquisition of a Nashville, TN recycling facility.
- The company, based in Austell, GA, purchased the plant from SP Recycling Southeast, LLC.
- Caraustar expects to run the plant and integrate the newly-acquired business with its existing recycling business.
Dive Insight:
According to a company-issued press release, this acquisition fits the company's expansion strategy. The new facility increases its ability to "serve customer sustainability goals." Earlier this month, Caraustar announced an agreement to buy the Newark Group in an effort to grow its presence in the Northeast.