OpenGate-backed Fusion Paperboard closes mill, defaults on $2 mln loan

A recycled cardboard maker owned by OpenGate Capital has closed its Connecticut paper mill and still owes $1.85 million to the state for a loan made in 2013.

The paper mill, located in Versailles, Connecticut, has been owned by Fusion Paperboard, a portfolio company of OpenGate that was listed on the firm’s website as of last year, according to an Internet archive. (The company is no longer listed onOpenGate’s ...

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