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CARAUSTAR INDUSTRIES ACQUIRES MANCHESTER BOARD AND PAPER COMPANY

 ATLANTA, June 4 /PRNewswire/ -- Caraustar Industries, Inc. (NASDAQ-NMS: CSAR) today announced that it has acquired the Richmond, Va., recycled paperboard mill of Manchester Board and Paper Company, Inc.
 The acquisition was finalized on June 4, according to Gary M. Cran, Caraustar's corporate vice president-Mills.
 The Richmond mill currently produces a wide range of uncoated paperboard. The mill has an annual production capacity of 42,000 tons, which will bring the Caraustar total to 712,000 tons. In addition to the current mix of business, Caraustar intends to make tube and core board at the Richmond facility. This acquisition provides continued implementation of Caraustar's strategic business plan by further enhancing the mill system's flexibility and balance.
 The Richmond mill will be known as the Richmond Paperboard Corporation and will become part of Caraustar's Northern Mill Division, reporting to William B. Wood, president of the Northern Mill Division.
 With 12 recycled paperboard mills, Caraustar is one of the largest, most diversified, and lowest-cost producers of recycled paperboard in the United States. Caraustar's mills produce paperboard for the four primary industry markets -- tubes, can, and drum; cartons; gypsum wallboard facing paper; and specialty converted products.
 As a fully integrated manufacturer, the Caraustar mills supply the majority of the paperboard required by the company's 34 converting facilities.
 -0- 6/4/93
 /CONTACT: H. Lee Thrash III, chief financial officer of Caraustar Industries, 404-948-3101/
 (CSAR)


CO: Caraustar Industries, Inc. ST: Georgia IN: ENV PAP SU: TNM

BR-RA -- AT006 -- 5527 06/04/93 15:02 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
Words:250
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