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The Newark Group

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Interesting company - Anonymous employee The Newark Group Employee Review

2.0
16 Mar 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

New CEO is bringing new ideas and concepts into the business and implementing them quickly. Safety is paramount. Vertically integrated that allows control from the primary raw material to the product that goes to the final customer.

Cons

While brown grades aren't being hit as hard as white grades, the need for paper products is contracting. There has already been some restructuring activities and there may be the need for some more.

Explore other reviews about The Newark Group

5.0
12 Jul 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

great place to work. You can make a difference

Cons

Not many. Management is fair and leadership is good

1.0
15 Jan 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Fit for the Future - During the financial crisis, 2 of the 3 largest US producers of uncoated recycled paperboard, Caraustar Industries and Newark Group, went bankrupt with the reorganized companies bought by private equity firms. In recent days, their owners agreed to merge the 2 with the healthier Caraustar acquiring Newark. Assuming the deal closes without required mill divestitures, the new Caraustar will be the largest North American producer of recycled paperboard, with a 21% capacity share.

Cons

Right now in a transition phase The Newark group has been taken over by Caraustar Industries and Newark has been losing contracts and revenue and as a result employees are being laid off. Their future is uncertain and hopefully they will be absorbed by Caraustar. but there are no guarantees. Hopefully Caraustars merger with the Newark Group will be a good thing. Wishing them both the very best in the future.

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