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.
With this acquisition, New-Indy will optimize Shoreline’s two manufacturing facilities, a Holland, Michigan, facility which produces corrugated packaging products, and a Zeeland, Michigan, facility which distributes protective and specialty packaging materials. Bob Zuker, Chief Operations Officer of Shoreline, will remain with the company.
Ernst & Young Capital Advisors, LLC acted as the exclusive financial advisor to Shoreline Container in connection with the transaction.
