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New-Indy Containerboard Acquires Proactive Packaging & Display Of California

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Proactive Packaging and Display LLC, a portfolio company of CK Pearl Fund, has been sold to New-Indy Containerboard LLC, a joint venture between Schwarz Partners LP and Kraft Group LLC.

Headquartered in Ontario, CA, Proactive is an award-winning converter of high-impact corrugated display packaging and merchandising formats for the retail environment. It designs, manufactures and assembles custom packaging in a 240,000-sq-ft facility using world-class, direct-print and digital presses capable of printing up to eight colors.

“Our goal was to find a strategic partner that would be devoted to our customer service and growth objectives,” says Doug Johnston, CEO of Proactive. “Mesirow Financial’s team was committed to delivering on that goal, and their guidance throughout the process enabled us to achieve a successful outcome.”

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The transaction represents another successful assignment completed by Mesirow Financial’s Investment Banking group. Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 125 transactions in recent years.

Established in 1994, Proactive provides color printing services on corrugated and paperboard stock. The Company also offers rotary and flat-bed diecutting, as well as packaging and display design and production. Services include logistics and consulting support.

New-Indy is a joint-venture that was formed in 2012 by the Kraft Group and Schwarz Partners, LP, two family-owned companies with long histories in paper and packaging. Today, New-Indy operates three recycled brown paper mills and eight packaging facilities throughout the United States. The Catawba Mill acquisition represents a continuation of New-Indy’s investment in growing the venture through the acquisition of strategic and synergistic companies in the paper and packaging industry.

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