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Hood Container Corporation agreed to buy the packaging assets of Independent II, LLC, including its corrugated, design and manufacturing operations in Louisville, Kentucky. The transaction is expected to close in the near future.
Hood Container installed a new state-of-the-art 98-inch Fosber corrugator at its Chicago facility to expand its product range and speed to market.
Hood Container of Louisiana will complete a $50 million efficiency upgrade and capacity expansion at its West Feliciana Parish paper mill near St. Francisville, retaining 306 employees and supporting 75 construction jobs.
Hood Container of Louisiana will invest in two phases at its St. Francisville paper mill, adding a press section on the H1 paper machine and a recycling plant for old corrugated containers. The project creates 10 direct jobs and retains 237 jobs.
