ABOUT THE COMPANY:
New Indy engaged with Lone Star Container Corporation regarding a corporate carveout of Dixie Reel & Box Company, based in Charlotte, North Carolina. Dixie Reel was acquired by New Indy’s local subsidiary, Carolina Container. Details and terms of the acquisition were not disclosed. The acquisition of Dixie Reel expanded Carolina Container’s footprint in the Southeastern U.S., as well as market share across key customer verticals. New Indy plans to add additional jobs and invest in new equipment for the Dixie Reel & Box Company plant.
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