New-Indy Containerboard LLC, a 50/50 joint venture between the Kraft Group and Schwarz Partners, LP, 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. The Holland, Michigan, facility produces corrugated packaging products, and the Zeeland, Michigan, facility distributes protective and specialty packaging materials.
Bob Zuker, Chief Operations Officer of Shoreline, will remain with the company.
“The addition of Shoreline Container is a great fit strategically to our existing operations and provides further integration for our mill system,” New-Indy reported. “We are excited about the opportunities this acquisition will provide and the services we will be able to implement through the combined companies.”
According to its web site, New-Indy operates three recycled paper mills, one kraft pulp and paper mill, and 14 packaging facilities throughout the United States.
