Article by: New Jersey Business, October 2014
Manufacturers in the state have been able to flourish in New Jersey and remain successful and competitive in many ways. For Paterson-based Accurate Box Company, a corrugated box manufacturer and designer, one of the biggest challenges it faced was from the 1960s to the 1990s, when the changing business climate – in which many manufacturers were leaving the country – forced the company to alter its focus, Mark Schlossman, executive vice president of sales and marketing for the company, says.
“When I joined the company in 1982, there was a plethora of toy companies in New York/New Jersey metropolitan area, but they began to leave for China,” he says. “So, our focus changed from manufacturing toy packaging, to producing packaging for the electronics, housewares and appliance industries. But then, that industry left the US and we had to change again. We felt that it would be difficult for the food and beverage industry to leave the country, so today, that is our focus.”
Schlossman says that 80 to 85 percent of Accurate Box’s business comes from the food and beverage industry. The company now produces litho laminated boxes for club stores like Sam’s Club and Costco. In the last six to seven years, the company has almost tripled in size, according to Schlossman.
“When we came to Paterson in 1983, we purchased our 300,000 square-foot facility and acquired the existing carton company that was here,” he says. “We are very proud that in the last six or seven years, we have tripled our sales and recently invested in new machinery and equipment to add to our facility.”