New-Indy JV Corp.announced that they have entered into an agreement to acquire Carolina Container Company — a manufacturer of corrugated products headquartered in High Point, North Carolina.
Terms of the deal were not disclosed. The closing date for the acquisition is the end of this month. The acquisition includes CaroConDisplay and Packaging, a division of Carolina Container.
In a press release, New-Indy stated, "Carolina Container is a great fit strategically to our existing operations with their broad footprint of corrugated converting operations in the Southeast and an unmatched senior management team that will be a great addition to New-Indy. This acquisition will allow us to better support our customers with exceptional quality while expanding our reach and responsiveness in the region.
