A Sylva-based independent paper manufacturing company has raised $850,000 in equity, according to a Securities and Exchange Commission filing.

Jackson Paper Manufacturing Co. filed a Form D on April 28 stating it has raised $850,000 of the total $1 million offered from five investors. The company did not disclose what it intends to do with the money.

Jackson Paper is North Carolina’s largest producer of recycled paper and has been an industry innovator for over 20 years. The company produces 100 percent recycled corrugating medium and supplies paper to corrugated box makers throughout the U.S., according to its website.

Chief Executive Officer Tim Campbell has led Jackson Paper for over 20 years. In March 1995, Campbell and Jeff Murphy purchased the paper mill from Packaging Corporation of America.

Previously as president of the company, and now as CEO, Campbell has helped Jackson Paper become a successful recycled paper organization. The company produces 25 percent to 30 percent more paper now than was produced in 1995 with the same paper machinery.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must first file what’s known as a Form D electronically with the SEC after they first sell their securities.