Hood Container’s Acquisition of Custom Packaging LP

Hood Container’s Acquisition of Custom Packaging LP

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Custom Packaging LP is an industrial packaging and corrugated displays company with two state-of-the-art manufacturing facilities serving customers across the country. The acquisition of Hood Container will strengthen its market position in the Southeast, expand its converting capabilities, and concentrate on graphic display. This article will discuss some of the reasons why this company has made a strategic move to acquire Custom Packaging. It may be worth the read, as it contains valuable information about the paper mill’s recent expansion.

Sonoco hood container:

Founded in Atlanta in 1894, Hood Container is a leading manufacturer of corrugated boxes, corrugated board, kraft paper, and integrated paperboard packaging. The company specializes in corrugated boxes and other packaging materials used in retail, commercial, and industrial settings. Its portfolio also includes corrugated displays, high-graphic display systems, contract packaging, and folded boxes. Its recent acquisition by Sonoco has created a new dynamic company.

Sonoco Display and Packaging:

The acquisition of Sonoco Display and Packaging by the family-owned Hood Container Corporation has increased the product offerings of the company for its customers, while also enhancing its domestic footprint. The new company will combine the strengths of Sonoco, a leading provider of point-of-purchase corrugated displays and contract packaging services throughout the U.S., with the expertise and infrastructure of Hood Container. With roots dating back to 1899, the company has become a global supplier of contract packaging, industrial paperboard packaging, and high-graphic displays for clients across the globe.

Custom Packaging LP:

The Hood Container Corporation announced the acquisition of Custom Packaging LP in Lebanon, Tennessee. This acquisition will help the container manufacturer expand its product offerings, including corrugated packaging, and improve its presence in the Southeast market. The custom packaging company will continue to serve its customers through a broad range of products including corrugated boxes, corrugated pallets, and flatpacks. Founded in 1985, Hood Container Corporation is one of the nation’s leading manufacturers of corrugated containers.

Expansion of paper mill:

The expansion of a paper mill will provide new jobs and increase the efficiency of pulp-refining processes. It will include the installation of two digester blow-line refiners. The mill currently produces kraft paper. Louisiana Economic Development began discussions with Hood Container in May. Louisiana offered a competitive incentive package that includes a $200,000 Modernization Tax Credit that will be allocated in equal installments over five years. The paper mill will also utilize the Industrial Tax Exemption Program in Louisiana.

Future plans:

The future of the display industry is uncertain, but that doesn’t mean that we can’t imagine how technology can improve the way we work. As part of the Hood Platform, Hood Container has announced a new capability: VR. VR enables the production of high-quality images. It also has five-point font printing and can print at speeds of up to 100L/S. Founded in 2011, Hood Container is a wholly-owned subsidiary of the Hood Companies. In July 2012, the company acquired the New Johnsonville Paper Mill from International Paper. In October 2015, it acquired the medium paper mill in St Francisville, Louisiana, and expanded its linerboard manufacturing operations in New Johnsonville. The company now operates three facilities. In June 2020, Hood Container will receive the Corrugated Container Industry’s Safety Excellence Award.

Careers:

The company culture at Hood Packaging is rated “F.” Overall, Hood Container employees are satisfied with their compensation and work environment. However, they are unsatisfied with the CEO, Charles Hodges. The company ranks in the bottom thirty percent of similar sized companies for total compensation and employee happiness. You can learn more about the company culture at Hood Container by reviewing its compensation and employee evaluations. Here is a breakdown of the company’s overall culture.

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