# New-Indy Containerboard acquires Michigan packaging firm Shoreline Container

New-Indy Containerboard, a 50/50 joint venture of Kraft Group and Schwarz Partners, acquired Shoreline Container, which operates corrugated packaging and protective packaging facilities in Holland and Zeeland, Michigan.

- Type: Acquisition
- Announced: 2020-04-17
- Where: Michigan, United States
- Status: completed
- Products: corrugated packaging, protective and specialty packaging materials
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Kraft Group](https://endata.com/companies/1408.md) (investor)
- [Schwarz Partners](https://endata.com/companies/1409.md) (investor)
- [New-Indy Containerboard](https://endata.com/companies/1411.md) (acquirer)
- [Shoreline Container](https://endata.com/companies/6383.md) (target)

## Sources

- [papnews.com](https://www.papnews.com/new-indy-containerboard-acquires-shoreline-container/), 2020-04-20: "New-Indy Containerboard, a 50/50 joint venture between the Kraft Group and Schwarz Partners, has acquired Shoreline Container, a Michigan-based paper and packaging company."
- [lesprom.com](https://www.lesprom.com/en/news/New-Indy_Containerboard_acquires_Shoreline_Container_93878/), 2020-04-20: "New-Indy Containerboard LLC, a 50/50 joint venture between the Kraft Group and Schwarz Partners, LP, has acquired Shoreline Container, a Michigan-based paper and packaging company."
- [randwhitney.com](https://www.randwhitney.com/news/new-indy-containerboard-acquires-shoreline-container/), 2020-04-21: "New-Indy Containerboard LLC, a 50/50 joint venture between the Kraft Group and Schwarz Partners, LP, today announced that it has acquired Shoreline Container."
- [cbinsights.com](https://www.cbinsights.com/company/shoreline-container), 2020-04-24: "On April 24, 2020, Shoreline Container was acquired by New Indy Containerboard. Terms of the transaction were not disclosed."
- [carolinacontainer.com](https://carolinacontainer.com/new-indy-containerboard-acquires-shoreline-container-ontario-calif/), 2020-04-24: "New-Indy Containerboard LLC, a 50/50 joint venture between the Kraft Group and Schwarz Partners, LP, today announced that it has acquired Shoreline Container, a Michigan-based paper and packaging company."
- [recyclingtoday.com](https://www.recyclingtoday.com/news/new-indy-containerboard-shoreline-michigan/), 2020-04-24: "Ontario, California-based New-Indy Containerboard has acquired Shoreline Container, a family-owned converter and box maker based in Holland, Michigan."
- [globalpapermoney.com](https://www.globalpapermoney.com/shoreline-container-bought-by-new-indy-containerboard-cms-11964), 2020-05-04: "The acquisition was finalized April 17, and New-Indy will begin operations immediately."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.