Versailles

OpenGate Capital said that it has closed its acquisition of two boxboard-manufacturing subsidiaries of Cascades Inc. The two subsidiaries will operate under the unified brand name, Fusion Paperboard, and will continue conducting business from Hebron, Kentucky and Versailles, Connecticut with existing management. "This closing marks both a significant addition to our wood and paper portfolio, and an exciting new beginning for Fusion Paperboard," said Andrew Nikou, Founder and Managing Partner of OpenGate Capital. "We look forward to working closely with management

By: Packaging online staff Atlanta-based recycled packaging company Caraustar Industries notified the state of Connecticut Dec. 2 of its plans to shut down its folding carton plant in Versailles, Conn., on or around Jan. 30, and lay off 13 salaried and 66 hourly employees, The Day reports.