New-Indy Acquires Proactive Packaging and Display in California
Proactive Packaging and Display is a producer of value added corrugated packaging and displays located in Ontario, California.
May 2, 2019 - New-Indy JV Corp., a 50/50 joint venture between the Kraft Group and Schwarz Partners, announced that it has acquired Proactive Packaging and Display, a producer of value added corrugated packaging and displays located in Ontario, California.
New-Indy closed on the acquisition May 1. Financial terms of the deal were not disclosed.
New-Indy issued the following statement, "The acquisition of Proactive Packaging and Display coupled with additional investment in its infrastructure will build upon its excellent market reputation as an award winning direct and digital printing operation.
“Going forward, we are excited about the prospects for this facility to produce a diverse array of products from high graphic direct print, digital print, and litho label retail ready point of purchase displays, standees for the movie and gaming industry, as well as a fulfillment operation.
“The Proactive Display facility will join New-Indy Tripaq, located in Cerritos (California) as the West Coast converting operations of New-Indy Packaging. These converting facilities align very well with the strategic integration of New-Indy Containerboard's mill assets.”
New-Indy operates three recycled brown paper mills and eight packaging facilities throughout the United States. To learn more, please visit: newindycontainerboard.com.
SOURCE: New-Indy JV Corp.