The ST Group of Companies has acquired a tissue paper mill in Barnwell County, South Carolina, from Cascades.
The deal was signed through ST’s new subsidiary, Barnwell Tissue Solutions. The mill, equipped with a 110-inch Valmet hybrid QRT/DCT tissue machine installed in 2016, can produce 30,000 tons annually.
The company will manufacture large paper rolls from recycled paper, which will be converted into different tissue products.
The investment amounts to $12 million, and will create 50 jobs, according to Gov. Henry McMaster’s office.
“Barnwell Tissue Solutions, a proud member of the ST Group of companies, is honored to expand our manufacturing footprint into Barnwell, South Carolina,” said Barnwell Tissue Solutions Owner Sahil Tak, as quoted by Columbia Business Monthly. “This acquisition reflects our commitment to investing in rural American communities and creating high-quality manufacturing jobs – particularly for local residents ».
Founded in 2007, ST Group previously acquired mills in Oconto Falls, Wisconsin, and Franklin, Virginia, and is committed to invest in rural U.S. manufacturing.
