New-Indy Reaches Agreement to Acquire Southern California-based Reliable Container
Reliable Container serves a broad range of customers and offers a variety of custom corrugated containers and point-of-purchase displays.
Oct. 13, 2020 - New-Indy JV Corp. announced that it has reached an agreement with Georgia-Pacific to acquire Southern California-based Reliable Container. The acquisition includes converting plants in Santa Fe Springs, California, and Tijuana, Mexico.
Terms of the deal were not disclosed.
Georgia-Pacific acquired Reliable Container in June of 2016.
Established in 1979, Reliable Container serves a broad range of customers and offers a variety of custom corrugated containers and point-of-purchase displays.
In a written statement, New-Indy said, "Reliable Container will join the New-Indy Tripaq-Group, with locations in Cerritos and Ontario 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 expects the transaction to close mid-October.
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>