<b>Newark Group Completes Purchase of Canadian Tube Operation</B>

The Newark Group announced that it acquired substantially all the remaining assets of Perma Tubes Ltd., Mississauga, Ontario. The core plant will operate as a part of Newark’s Northern Region

This past September The Newark Group that it acquired the remaining shares of Perma Tubes & Cores from Perma Tubes Ltd. The Newark Group previously owned 51 percent of the operation.

Perma Tubes, located in Richmond, B.C., will operate as a member of the Western Region of the Newark Paperboard Products Division.

Last year The Newark Group acquired all of the third North American Perma Tubes operation, located in Raleigh, N.C.

December 2000
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