Ontario, California based New-Indy Containerboard, a joint-venture that was formed in 2012 by the Kraft Group and Schwarz Partners, LP, announced that it has acquired Shoreline Container in Michigan
New-Indy will optimize Shoreline’s two manufacturing facilities, both of which are located in Michigan: the Holland facility produces corrugated packaging products, and the Zeeland facility distributes protective and specialty packaging materials. Terms of the deal were not disclosed.
In a written statement, New-Indy said, “The addition of Shoreline Container is a great fit strategically to our existing operations and provides further integration for our mill system. We are excited about the opportunities this acquisition will provide and the services we will be able to implement through the combined companies.”
New-Indy operates three recycled paper mills, one kraft pulp and paper mill, and 14 packaging facilities throughout the United States. The company name is derived from being the newest independent manufacturer and supplier of recycled containerboard in the corrugated box industry.