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The article reports on the move of Austell, Georgia-based paperboard and packaging maker Caraustar Industries Inc. to file for Chapter 11 bankruptcy protection. It cites that the company has requested for approval from the U.S. Bankruptcy Court for the Northern District of Georgia to pay the amounts it owed to trade creditors, suppliers, and employees. Chief executive officer (CEO) Michael Keough asserts that the company has decided to reduce its debt and costs to continue its operations.

The article reports on the move by Caraustar Industries Inc. to increase its prices on shipments of recovered fiber in Atlanta, Georgia. According to vice president Gregory Cottrell, freight charges have hiked from 35 cents a mile to 58 cents a mile since the start of 2008. Moreover, it notes that the surcharge took effect in September 2008.

The article reports on the decrease of the sales from continuing operations of Atlanta, Georgia-based Caraustar Industries Inc. for the third quarter ended September 30, 2007. The cessation of production at four paper mills of the company has accounted for $9.3 million of the decrease in sales. Included in the income from continuing operations are expenses related to a transformer failure at the company's Austell boxboard mill.

The article reports that the Caraustar Industries Inc. in Atlanta has retained its Tama coated recycled boxboard mill in Iowa. The substantial advances in the performance and profitability of the Tama mill have turned the company into a source of substantial cash flow. Moreover, the company has accomplished the exit of its specialty packaging business in Birmingham, Alabama besides its advancement.

The article reports that Caraustar Industries Inc. will exit from coated recycled boxboard and specialty contract packaging businesses in Atlanta, Georgia. This move is part of the strategic transformation plan of the company which will take effect on December 30, 2005. According to Michael Keough, President and CEO of Caraustar, the management of the company has been working on a comprehensive strategic review of their business before making its final decision.

The article announces the decision of Caraustar Industries in Atlanta, Georgia to increase prices on paperboard converted products which include paperboard tubes and cores both in the U.S. and Canada.

The article reports that Caraustar Industries Inc. in Atlanta, Georgia is proposing a price increase of 50 dollars per ton on all grades of uncoated recycled paperboards and other products. It notes that the increase will be imposed on all shipments after February 8, 2010. It adds that sales vice president Greg Bartlett has said that the company mitigated the price increase by increasing the quality of their products.

The article reports on a 75 million U.S. dollar exit loan received by the Austell, Georgia-based box manufacturer Caraustar Industries, which filed for bankruptcy protection in May 2009. GE and Wells Fargo arranged the loan and price talk on the loan is at Libor plus 450 basis points. Under the reorganization, Wayzata Investment Partners became the controlling shareholder of Caraustar.

The article reports on the certification to the Forest Stewardship Council (FSC) chain of custody standards received by Caraustar Industries Inc. in Austell, Georgia. Accordingly, the certification means the support for the sustainable fiber sourcing while the mill produces recycled paperboard product. According to Mill Group's vice president sales and marketing Greg Bartlett, paperboard products have been recovered from waste paper for 50 years now and over.

The article reports that the U.S. Bankruptcy Court for the Northern District of Georgia has confirmed the Debtors' First Amended Joint Plan of Reorganization filed by Caraustar Industries Inc. It notes that the said reorganization plan of the company was approved its 94.9% senior notes holders and 90.1% equity holders. Michael Keough, president and chief executive officer, is cited appreciating the support for the reorganization plan and commenting on the prospects of the court proceedings.

The article focuses on the decision of the Bankruptcy Court for the Northern District of Georgia that allows Caraustar Industries Inc. to borrow under the $75 million debtor-in-possession credit facility (DIP). Michael Keough, chief executive officer (CEO) of Caraustar, says the move enables the company and its stakeholders to have additional financial flexibility to continue its operations. The Chapter 11 petition was filed by the company on May 31, 2009.

The article reports on the filing for bankruptcy protection by Austell, Georgia-based Caraustar Industries Inc. and its domestic subsidiaries on May 31, 2009. Caraustar has reached agreement with the majority holders of its notes regarding the terms of a cooperative financial restructuring that is expected to reduce the company's debt obligations by approximately 135 million U.S. dollars. The company is set to emerge as a private entity after its reorganization, with Wayzata Investment Partners LLC becoming its controlling shareholder.

The article reports on the financial performance of Caraustar Industries Inc. in Austell, Georgia for the first quarter of 2009. It states that the firm accounted a $4.4 million net loss for the quarter, compared to the $200,000 net loss in the same period in 2008. It says that the firm totaled $159.3 million for its sales from operations for the quarter ended March 31, compared to $216.5 million in 2008.

The article reports on the open house hosted by Caraustar Industries Inc.'s Recovered Fiber Group to celebrate America Recycles Day (ARD) in Georgia on November 14, 2008. Participants will receive recycling pledge cards and will learn about the process of preparing paper. ARD is celebrated to promote the social, environmental and economic benefits of recycling.

The article presents a sales forecast of Caraustar Industries Inc. in Georgia, Cascades Inc. in Quebec, and Weyerhaeuser Co. in Washington for the second quarter of 2008. Caraustar has reported a second quarter net loss of $3.6 million on $217 million in sales. Cascades has a net loss amounting to $25 million compared to net earnings of $45 million for the same period in 2007. Weyerhaeuser has reported a net loss of $96 million on net sales of $3.6 billion.

The article reports on Temple-Inland Inc.'s (TI) acquisition of the remaining 50% interest in Premier Boxboard Ltd. LLC (PBL) from Caraustar Industries Inc. in Austell, Georgia. The deal is worth $62 million in cash and an assumption of $25 million in debt. According to Doyle R. Simons, chairman and chief executive officer (CEO) of TI, the acquisition of Caraustar's interest in PBL is consistent with TI's key objectives of maximizing return on investment and profitably growing their business.

The article reports on the price increases that will implement by Caraustar Industries Inc. in Atlanta, Georgia. The company will increase prices by $50 per ton for all coated recycled paperboard grades and implement freight surcharges to customers effective July 28, 2008. Caraustar will also increase prices on all paperboard-based converted products by 6% effective August 11, 2008.

The article reports that Caraustar Industries Inc. in Atlanta, Georgia has joined the Sustainable Packaging Coalition (SPC). Mark I. Maley, vice president of sales for Caraustar's Converted Products Group, said that the SPC membership sends a message to stakeholders and customers of the company's promotion and dedication to preserve the environment.

The article reports on the continuing sales operation loss of Caraustar Industries in Atlanta, Georgia. A comparison of the decrease in 2007 fourth quarter operations and paperboard volume against the fourth quarter of 2006 is presented. The article enumerated several reasons attributed to the downslope and an offset is also cited. Michael Keough, president and chief executive officer of Caraustar Industries, stated that the company is still disputed by high fiber and energy costs.

The article reports on the acquisition of Mayers Fibre Tube & Core by Caraustar Industries Inc. in Atlanta, Georgia. Michael J. Keough, president and chief executive officer (CEO) of Caraustar, stated that the acquisition was a logical step in furthering their alliance with Mayers. The Manitoba-based company is a manufacturer of construction tubes, waxed void tubes, paper cores, plastic test cylinder molds, paper mailing tubes, and metal end containers.

The article reports on the arrest of an arsonist of Caraustar Industries Inc. in Columbus, Georgia. According to the author, the arsonist was caught on a video starting the fire in the company's recovered paper using lighter at around 7 p.m. on November 13, 2007. The firefighters were able to control the fire immediately before causing any harm on the establishment as well as its equipment.

The article reports on the launch of StaSquare 32, a recycled paperboard grade for use in the manufacture of hardbound trade books, juvenile books, library binding books, game boards, and point-of-purchase displays, by Caraustar Industries Inc. in Austell, Georgia. The product offers sheet profile stability, favorable grain ratio, and desirable density, according to Greg Bartlett, vice president of Caraustar's sales and marketing.

The article reports on the financial performance of the Atlanta, Georgia-based Caraustar Industries for the second quarter (Q2) 2007. The sales for the Q2 were $235.6 million, a decrease of 10.3 percent compared to sales for the same quarter in 2006. Loss from continuing operations for the Q2 was $2.3 million, compared to loss from continuing operations of 15.7 million for the same quarter last year. Other significant information related to its financial performance is presented.

The article reports that Caraustar's Recovered Fiber Group (REF) are now accepting used books in hardcovers and paperbacks in Austell, Georgia. According to the author, the used books will be used to make paperboard, tissues, napkins and towels, and covers for hardcover books and textbooks. The author emphasized that the books must be certified that they will be destroyed. In addition, RFG issues certificate of destruction to printers and publishers who restrict books from being resold.

The article reports on the increased prices for all grades of uncoated and coated recycled paperboard of Caraustar Industries Inc. in Atlanta, Georgia which will effective with shipments on March 19, 2007. Caraustar Industries' president and chief executive Michael Keough explained that they are not seeing spot pricing significantly above published market price lists for certain recovered prices.

The article reports on the plan of Caraustar Industries Inc. in Atlanta, Georgia to increase the price of all uncoated recycled paperboard grades and specialty paperboard products by $50 per ton. The said increase will be effective starting May 7, 2007. According to the company president Michael J. Keough, the price increase has resulted to the rise in new material costs, primarily old corrugated containers.

The article reports on the new product developed by Caraustar Industries Inc., the Binder Tex 45, in Atlanta, Georgia. The Binder Tex 45 is a recycled paper grade used in the making of hardbound textbooks, lawbooks, and library binding books. Vice president of sales and marketing at Caraustar, Greg Bartlett, said that such product will meet customer needs that abides the National Association of State Textbook Administrators specifications for the book publishing industry.

The article reports on that Austell, Georgia-based Caraustar Industries Inc. has offered to buy the recovered paper that used to take up landfill space for its mills in South, Midwest and along the East Coast. John Foster of Caraustar Industries asserted that the county's recycling processing manager, to date the county has processed about 100,000 pounds of recovered paper for which it receives $50 per ton.

The article reports on the appointment of Glenn Womble as senior sales and development manager in the Recovered Fiber Group (RFG) of Caraustar Industries Inc. in Austell, Georgia. In this position, he is designated to develop new global markets for recovered fiber and stock lot rolls. In addition, he is also assigned to furnish strategic leadership for the enhancement of its RFG export department. Moreover, it is noted that this appointment was based from his 25 years experience in the field.

The article reports that Atlanta, Georgia-based Caraustar Industries Inc. will increase prices on all uncoated recycled paperboard grades and mill converted products by $40 per ton. The previously implemented $25-per-ton energy surcharge will be converted to a $25-per-ton price increase, effective with orders shipped on and after February 10, 2006. Orders shipped on or after March 10 will be subjected to additional $15-per-ton increase.

Reports on the business plans of Caraustar Industries Inc. to increase prices on all coated recycled paperboard grades and implement an energy surcharge on all uncoated recycled paperboard grades in Georgia.