New-Indy Containerboard Acquires Shoreline Container in Michigan
Shoreline has two manufacturing facilities in Michigan: the Holland facility produces corrugated packaging products, and the Zeeland faility distributes protective and specialty packaging materials.
April 17, 2020 - New-Indy Containerboard today announced that it has acquired Shoreline Container, a Michigan-based paper and packaging company.
Terms of the deal were not disclosed.
New-Indy will optimize Shoreline's two manufacturing facilities, which are both located in Michigan. The Holland facility produces corrugated packaging products, and the Zeeland facility distributes protective and specialty packaging materials.
Bob Zuker, Chief Operations Officer of Shoreline, will remain with the company.
In a written statement, New-Indy said, "The addition of Shoreline Container is a great fit strategically to our existing operations and provides further integration for our mill system. We are excited about the opportunities this acquisition will provide and the services we will be able to implement through the combined companies."
New-Indy is a joint-venture that was formed in 2012 by the Kraft Group and Schwarz Partners, LP. Today, New-Indy operates three recycled paper mills, one kraft pulp and paper mill, and 14 packaging facilities throughout the United States. For further information, visit: newindycontainerboard.com./p>