According to a number of press reports, Stonewall Packaging LLC, based in Sylva, N.C., has shuttered its doors. In a release by the company, Stonewall closed its operations because it was unable to sell enough corrugated cardboard sheets. The release notes that a company that had committed to purchase a large volume of the Stonewall product did not uphold its commitment.
Jackson Paper was an investor in Stonewall Packaging, supplying raw material used in Stonewall’s production. When plans for Stonewall were announced in April 2009, the new company was termed a “joint venture” of Jackson Paper and other partners.
When the company first announced plans to build the plant, last April, the company notes that the goal of the plant would be to produce recycled cardboard products. The plant was expected to invest more than $16 million to renovate and modify a vacant mill.
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