Caraustar Industries, Inc. just announced that it is permanently closing its paperboard mill in Charlotte, North Carolina. The mill, which produced uncoated recycled boxboard, has been idle since December. Caraustar will record a pre-tax charge of  $9.7 million, with $7.3 million of that amount being non-cash, in conjunction with the closure. Closing the mill is expected to save the company $11.4 million per year before taxes.

Greg Bartlett, vice president of the sales Mill Group, … Read the rest