A New Jersey company is closing its 154-year-old paper recycling mill in northern Rensselaer County.
The Newark Group last week announced it will close two mills — including Bennington Paperboard in North Hoosick — to give its earnings an annual $10 million boost. The Cranford, N.J.-based recycled paperboard company Thursday notified the state Department of Labor that the North Hoosick mill will close Aug. 30, resulting in the elimination of 64 jobs.
The closure of Bennington Paperboard will come a decade after the Rensselaer County Industrial Development Agency awarded the Newark Group $750,000 for new equipment and product expansion initiatives. The funding from the New York Environmental Investment Program was intended to dissuade the New Jersey company from closing the North Hoosick mill, which it acquired in 1995.
Bennington Paperboard has been manufacturing paper products since 1854. After the completion of its $1.8 million capital project in 2000, Bennington Paper was producing more than 30,000 tons annually of 100 percent recycled boxboard. The mill had expected to boost production by 2,400 tons each year but that figure ended up at 5,520 tons, according to the state Economic Development Corp.
In announcing the closures of mills in North Hoosick and Haverhill, Mass., last week, the Newark Group attributed those moves to a “further rationalization of capacity within the company’s paperboard mill division.” The Newark Group has 43 U.S. mills and nine in Europe.
Bennington Paperboard Plant Manager Gary Lancour and Newark Group Vice President of Human Resources Carl Crook did not immediately return calls. Rensselaer County IDA Director Robert Pasinella could not be reached.
More from The Daily Gazette: