New-Indy Reaches Agreement to Acquire Southern California-based Reliable Container
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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.
