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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.
New-Indy Containerboard selected ABB to provide integrated electrical and automation systems and equipment for the rebuild of its Number 3 paper machine at the Columbia project in Catawba, South Carolina. The announcement is dated March 24, 2020.
New-Indy Containerboard plans to invest $240 million to convert its recently acquired Catawba, South Carolina pulp and paper mill from lightweight coated paper to containerboard grades.
New-Indy Containerboard, a joint venture of Schwarz Partners and Kraft Group, acquired Proactive Packaging and Display, a corrugated display packaging maker in Ontario, California, on 9 May 2019. Mesirow Financial advised the seller and no financial terms were disclosed.
Resolute Forest Products agreed to sell its Catawba, South Carolina paper and pulp mill to New-Indy Containerboard for about $300 million, including $260 million in cash and about $40 million of assumed liabilities. Closing is expected around year-end 2018.
Carolina Container, a subsidiary of New-Indy Containerboard, acquired Dixie Reel & Box Company, a corrugated packaging manufacturer based in Charlotte, North Carolina. Terms were not disclosed.
Proactive Packaging and Display LLC, a portfolio company of CK Pearl Fund, was sold to New-Indy Containerboard LLC, a joint venture of Schwarz Partners and Kraft Group.
