Atlanta, Georgia based Hood Container Corporation announced that it has entered into an agreement to buy the packaging assets of Independent II in Louisville, Kentucky.
Independent II’s assets will complement Hood Container’s footprint and create greater converting capacity for Hood Container in the increasingly important Kentucky and Ohio region. The transaction is expected to close in the near future.
“Independent II adds impressive assets and capabilities to Hood Container’s current portfolio,” said Charlie Hodges, President and COO of Hood Container Corp. “Additionally, its location allows increased presence and growth in markets we currently serve. We are excited to add these capabilities to Hood’s offerings to better serve and care for Hood’s and I2’s existing and new customers.”
Neil MacDonald, CEO of Independent II said: “I2’s team is excited to join the Hood Container family and looks forward to continuing the mission that I2 started 18 years ago to be the premier supplier of corrugated packaging in the greater Louisville area. We look forward to assisting Hood Container in reaching the full potential of I2’s state-of-the-art assets and in continuing to provide quality products and services to our customers.”
Hood Container operates locations in 17 states. The company also owns and operates linerboard, medium, and multiwall paper manufacturing operations in New Johnsonville, Tennessee, and St. Francisville, Louisiana. Hood Container Corporation is a wholly owned subsidiary of Hood Companies, Inc. Hood Companies is a privately owned, closely held holding company and is the parent to operating subsidiaries involved in the manufacture and distribution of forest and wood products, building and construction materials, and flexible and corrugated packaging products throughout North America.
