The acquisition would be an integration move for Hood Container, which has a 370,000 tons/yr semichemical corrugating medium mill in New Johnsonville, TN. Hood acquired the mill in 2012 from International Paper (IP), which spun it off along with two other mills to gain government approval for its acquisition of Temple-Inland.
IP has a three-year off-take agreement with Hood to buy output from the mill. The agreement is winding down and will be in its final year starting in mid-2014. The mill deal was Hood's first move into the US containerboard/box market.
Stronghaven operates three plants with corrugators in Atlanta (Advanced Design & Packaging), Charlotte, NC (Stronghaven Containers), and Greensboro, NC (Highland Containers) and a sheet plant in Jacksonville, FL (K&G Box). Extensive printing capabilities are available at the plants.
"Stronghaven provides its customers with highly customized solutions through a broad array of products and services, including high-graphic boxes, point-of-purchase displays, inner packaging, stock boxes, state-of-the-art flexographic direct print capabilities, structural and design services, fulfillment, and warehousing," Hood Container said in announcing the deal.
Hood Container, based in Madison, MS, is a subsidiary of Hood Companies, a privately-owned holding company with subsidiaries in manufacturing and distribution of forest/wood products (Hood Industries), building and construction materials (Atlas Roofing), and multiwall and flexible packaging (Hood Packaging) throughout North America.
Mexican corrugated converterWashington Boxis purchasing a significant amount of new printing equipment, with deliveries scheduled to be completed in the current quarter, founder and dir Humberto Trevino toldPPI Latin America. Washington box operates four plants in Monterrey and Saltillo in northeast Mexico. Trevino said Washington's goal is to become the largest specialty converter in Mexico by 2017.