November 9, 2022
OX INDUSTRIES ENTERS INTO AGREEMENT TO PURCHASE TWO MIDWEST URB MILLS
Hanover, PAÂ â€“ Ox Industries is excited to announce they have entered into a definitive agreement to purchase two URB locations in Aurora, IL and Eaton, IN from WestRock Company (NYSE: WRK). With this acquisition, Ox will onboard an estimated 150 employees between two URB locations with 85,000 tons of capacity and converting capabilities adding to the companyâ€™s optimized assets. The transaction is expected to close before 2022 yearâ€™s end.
â€œWe are excited to work with the Aurora and Eaton teams and welcome them to OX. These facilities will add to our mill system and increase our niche business of vertically integrated converted paper products in the Midwest,â€ said Ox Industries CEO Kevin Hayward.Â
About Ox Industries:Â Â Ox Industries is a leader in the manufacturing of 100% recycled paperboard, specialty papers, paper tubes and cores, and protective packaging. Ox is a vertically integrated company operating six recycled paperboard mills and eight paper tube, protective packaging, and specialty converting plants with more than 600 employees in 10 states. Learn more atÂ www.oxindustries.com.