February 3, 2014

PaperWorks to close Phoenix folding carton plant

BALA CYNWYD, PA, February 3, 2014 – PaperWorks Industries, Inc. has announced that it will be closing its Phoenix, AZ folding carton plant in the coming months. Employees and customers affected by the closing have been notified as the company begins the process of transferring them to other folding carton plants in the US and Canada. This closure will affect 91 employees.

“In order to better serve our customers,” PaperWorks Packaging Group EVP Joe Moynihan said, “we are announcing our intention to consolidate our manufacturing operations in North America. The manufacturing assets will be moved out of Phoenix and repositioned among our other seven plants. Working with our customers on the transition, we will enable them to receive the same quality products and services from one or more of our other plants.”

About PaperWorks Industries, Inc.

Founded in 2008, PaperWorks Industries, Inc. is a leading North American integrated full- service packaging provider. The company’s Packaging Group is considered a leading innovator in the production of specialized folding cartons, serving clients of all sizes across North America from 10 facilities. Its Paperboard Group manufactures approximately 300,000 tons of 100% recycled paperboard every year for a variety of end uses, and further specializes in the cutting and distribution of all paper types according to specific customer needs. PaperWorks Industries is headquartered in Philadelphia, PA. It is home to over 1600 employees across 17 North American locations with annual sales in excess of US$600 million.