Ox Industries will acquire paperboard firm

Paper is steam dried at the Carthage Specialty Paperboard mill in Carthage.

CARTHAGE — A Pennsylvania company has agreed to pay nearly $10 million to acquire the assets of Carthage Specialty Paperboard, according to documents filed Friday in U.S. Bankruptcy Court, Syracuse.

Ox Industries, Hanover, Pa., under subsidiary companies Carthage Paper Limited LLC and Carthage Real Estate Investments LLC, acquired the Champion Street papermaker by entering the higher of two bids Thursday at a bankruptcy auction.

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