This mill has been operating for over a century thanks to the commitment of hardworking Americans. It was these Americans whose lives were intricately woven into the history of the community that the mills served. It wasn’t until 2010 that the current owners officially took over. They had an immense task of modernizing the mill to become a high functioning paper company. Currently, the company is proud to have several mills across the East coast. They now boast a culture of innovation that will continue to adapt to changing market needs. All of the company’s papers are certified to “Sustainable Forestry Initiative” fiber sourcing program standards.
With the continued move to online everything, paper manufacturers are looking for consolidation and controlling costs to maintain a profitable business. In order to compete, they have to grudgingly spend money to update and automate systems, which means an investment in non-income generating IT infrastructure and software. The savvy CFO had never considered that there was a potential partner in the financing space that would allow him to finance this short useful life equipment and give him accelerated depreciation through rent expense. Onset Financial was the perfect fit and structured an operating lease to meet this customer’s needs.
It is great working with a company that is so efficient from top to bottom. Their management team is extremely professional, and that is reflected in their strong performance.