What Schwarz Partners does

Schwarz Partners is a privately-held, family-controlled limited partnership (Schwarz Partners, L.P.) founded in 1998 by Jack Schwarz and headquartered in Carmel, Indiana. The company operates as a vertically integrated holding entity across the corrugated packaging lifecycle, with affiliated businesses spanning four paper mills (operated through the New-Indy Containerboard joint venture with The Kraft Group), 14 sheet feeder plants (organized under the Corrugated Partners Group), 18+ converting/display manufacturing facilities (operated through The Royal Group), a 5,000+ tractor/trailer transportation and logistics business (Venture Logistics), and recycling brokerage and fiber supply operations (Integrity Fiber Supply and River Valley Paper Company). The portfolio collectively employs 6,800+ people across 40+ facilities in 20 U.S. states plus Mexico, produces 21+ billion MSF of corrugated board annually, and is responsible for 6% of the U.S. industry's corrugated goods.

The company's technology base is industrial manufacturing: containerboard production from both recycled and virgin fiber, multi-width corrugators including North America's first and second 132-inch corrugators and the largest triple-wall corrugator in the U.S., a Koenig & Bauer Durst Delta SPC 130 six-color single-pass digital press at TRG's Mid-Atlantic facility enabling mass customization with food-grade certified water-based inks, and a 5,000+ vehicle logistics fleet. Revenue is generated through three streams: (1) one-time sales of physical corrugated products (boxes, sheets, containerboard, retail displays) to B2B industrial and consumer goods customers; (2) transaction-fee-based transportation, warehousing, and supply chain services through Venture Logistics to both affiliates and external customers; and (3) transaction-fee-based recycled fiber brokerage and wastepaper trading through Integrity Fiber Supply and River Valley Paper, which together diverted 1.4 million tons of recovered paper from landfills in a single year.

The customer base spans food and beverage, pharmaceutical, health and beauty, agriculture, technology, and home goods verticals, with 856,000+ unique customer orders placed annually by sheet feeders alone. Pricing is quote-based and negotiated directly by each subsidiary's own direct sales force, with no public price list. Distribution is exclusively direct B2B through each subsidiary's sales team, with no retail, marketplace, or reseller channels. The company has pursued an active inorganic growth strategy, completing multiple acquisitions between 2018 and 2022 while also divesting non-core assets (Northern Sheets and Central California Sheets to Packaging Corp. of America in 2017), and continues to expand capacity domestically and into Mexico.

Name

Schwarz Partners

Legal name

Schwarz Partners, L.P.

Website

https://schwarzpartners.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Schwarz Partners is a privately-held, family-controlled holding company that operates a vertically integrated corrugated packaging platform — paper mills, sheet feeders, box plants, logistics, and recycling — across 20+ U.S. states and Mexico, serving consumer goods brands in food and beverage, pharma, tech, and retail.

Ownership category

akta.pro rank

Product category

Corrugated Packaging Manufacturing

NAICS

Corrugated and Solid Fiber Box Manufacturing (322211), Other Paperboard Container Manufacturing (322219), Paperboard Mills (32213), Pulp, Paper, and Paperboard Mills (3221)

SIC

Paperboard Containers & Boxes (2650), Papers & Allied Products (2600), Paper Mills (2621)

akta.pro primary industry

Corrugated Packaging & Boxes (RSC, die-cut, bulk bins) (IMAMAHAA)

akta.pro secondary industries

Corrugated Packaging (Boxes, Sheets, Pads) (IMALACAA), Virgin Containerboard (Kraft Linerboard) Manufacturing (IMAMAFAA), Paperboard & Containerboard Trading (IMAMAIAG), Foodservice/To-Go Packaging (Cups, Clamshells, Cutlery) (IMALAHAM)

Keywords

• Corrugated packaging manufacturing
• Containerboard paper production
• Industrial packaging solutions
• Recycling fiber supply
• Transportation logistics services

Headquarters

HQ city

Carmel

HQ country

United States

HQ region

North America

Offices46 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Corrugated packaging manufacturing and sales: Schwarz Partners generates revenue through manufacturing and selling corrugated packaging products (boxes, sheets, displays) via its portfolio of affiliated companies across paper mills, sheet feeders, box plants, and converting operations. Revenue is derived from the sale of physical packaging products to industrial and retail customers.
2. Transportation and logistics services: Venture Logistics provides trucking, warehousing, and supply chain optimization services to Schwarz Partners affiliates and external customers. Revenue is generated from logistics and transportation fees.
3. Recycling brokerage and fiber supply: Integrity Fiber Supply and River Valley Paper Company handle recycling brokerage, mill supply, and equipment solutions, generating revenue from the trade and sale of recovered paper and fiber materials.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Schwarz Partners is a privately-held holding company operating across the corrugated packaging lifecycle. Through its portfolio of affiliated companies, it produces containerboard at paper mills (New-Indy Containerboard), manufactures corrugated sheets (Corrugated Partners Group with 14 plants), produces corrugated boxes and displays (The Royal Group with 18+ converting facilities), provides transportation and logistics services (Venture Logistics with 5,000+ fleet vehicles), and handles recycling brokerage and wastepaper supply (Integrity Fiber Supply and River Valley Paper). Its portfolio produces approximately 6% of the industry's corrugated goods and 20% of the nation's corrugated sheet requirements from independent sheet plants.

Product overview

Schwarz Partners is a privately-held holding company operating across the corrugated packaging lifecycle. Its portfolio includes: (1) New-Indy Containerboard — a joint venture with The Kraft Group operating four paper mills producing nearly 1 million tons of recycled and virgin containerboard annually; (2) Corrugated Partners Group (CPG) — an umbrella brand unifying 14 sheet feeder operations across North America (Alliance Sheets, Encorr Sheets, Flutes Corrugated, Heartland Sheets, Independence Corrugated, Keystone Sheets, Montebello Container, NewCorr Packaging, New England Sheets, North Star Sheets, Pinnacle Corrugated, SPP Miami, StarCorr Sheets, StarCorr de Mexico, Triumph Sheets); (3) The Royal Group (TRG) — 18+ corrugated converting plants including Dalton Box, MaxPak, Package Craft, Shillington Box, and SPA Inc providing industrial packaging, displays, and e-commerce solutions; (4) Venture Logistics — affiliated transportation and logistics business with 5,000+ fleet vehicles; (5) Integrity Fiber Supply and River Valley Paper — recycling operations handling 1.3 million tons of wastepaper annually. The company also developed Conveyo/EKD+, a digital product for transmitting digital keys within TRG.

Differentiator

Problem solved

Functional benefit

Brands

• New-Indy Containerboard: Produces containerboard (recycled and virgin linerboard) for the industrial packaging industry; joint venture with The Kraft Group
• Integrity Fiber Supply
• River Valley Paper Company
• Venture Logistics
• The Royal Group (TRG)

Products and services

• New-Indy Containerboard Containerboard manufacturing (recycled and virgin linerboard) operating four paper mills producing nearly 1 million tons of containerboard annually. Joint venture between Schwarz Partners and The Kraft Group.
• Corrugated Partners Group (CPG) Sheet Feeders Umbrella brand of 14 sheet feeder operations across North America (Alliance Sheets, Encorr Sheets, Flutes Corrugated, Heartland Sheets, Independence Corrugated, Keystone Sheets, Montebello Container, NewCorr Packaging, New England Sheets, North Star Sheets, Pinnacle Corrugated, SPP Miami, StarCorr Sheets, StarCorr de Mexico, Triumph Sheets) collectively producing 21+ billion MSF of corrugated board annually and serving over 20% of the nation's corrugated sheet requirements from independent sheet plants.
• The Royal Group (TRG) Corrugated box and display manufacturing operating 37+ locations nationwide with approximately 1,500 employees, providing industrial packaging, brown box shipping containers, high-end graphic packaging, e-commerce packaging, in-store displays, and shelf-ready packaging. Includes sub-brands Dalton Box, MaxPak, Package Craft, Shillington Box, SPA Inc, TRG Mid-Atlantic and others.
• Venture Logistics Transportation, logistics and supply chain optimization services with 5,000+ tractors and trailers in fleet, organized into three business units: Venture Transport, Venture Connect, and Venture Solutions. Serves Schwarz Partners affiliated companies and external customers across the U.S.
• Integrity Fiber Supply Recycling brokerage, mill supply and equipment solutions provider partnering with paper mills to supply recovered fiber and manage wastepaper streams. Combined with River Valley Paper Company as unified Integrity Fiber, the business diverts 1.4 million tons of recovered paper waste from landfills annually and handles 1.3 million tons of wastepaper per year.
• SPA Inc. Corrugated packaging manufacturing for software and consumer electronics distribution, including third-party logistics and multivendor programs. Part of The Royal Group.
• Conveyo / EKD+ Digital product / service offering within The Royal Group that provides a simplified and consistent way for retailers to transmit digital keys from software and digital product companies directly to their end customers.
• TRG Digital Mass Customization Printing (Koenig & Bauer Durst Delta SPC 130) High-volume digital printing service for corrugated packaging using the Koenig & Bauer Durst Delta SPC 130 six-color single-pass press, capable of mass customization with food-grade certified water-based ink and 90%+ Pantone color matching.

Quantifiable outcome

• Diverted 1.4 million tons of recovered paper waste away from landfills in one year (Integrity Fiber Supply and River Valley Paper partnership).
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and flagship.

• Koenig & Bauer DurstcoreTechnology or Integration · 17 January 2022Koenig & Bauer Durst (50/50 joint venture between Koenig & Bauer and Durst Group, founded 2019) supplied The Royal Group with a Delta SPC 130 Automatic six-color single-pass digital press installed at the TRG Mid-Atlantic Packaging site near Philadelphia. The press enables mass customization, sustainable food-grade printing, and high-volume fully automated digital production for corrugated packaging.
• The Kraft GroupflagshipStrategic or Co-development PartnerSchwarz Partners and The Kraft Group formed a joint venture, New-Indy Containerboard, which operates four mills (three recycled containerboard, one virgin linerboard) in Hartford City IN, Ontario CA, Oxnard CA, and Catawba SC. New-Indy produces nearly 1 million tons of containerboard per year.
• International Paper Forest Products (recycling arm of The Kraft Group)coreStrategic or Co-development PartnerIntegrity Fiber Supply and International Paper Forest Products partnered to form New-Indy Recycling, a California-based company that supplies New-Indy's two Southern California mills and serves as a trading company for both domestic and export shipments of recovered paper.
• River Valley Paper CompanycoreStrategic or Co-development PartnerIntegrity Fiber Supply (Schwarz Partners) and River Valley Paper Company have worked in close partnership since 2014, sharing assets, resources, and best practices. In 2022, the two companies merged into a unified Integrity Fiber, unifying 140 employees across six locations and plants, diverting 1.4 million tons of recovered paper waste from landfills annually.

Scale indicators17 records

Recent moves22 records

Expansion highlights6 records

Broad incumbents

• Sonoco Products Company: Sonoco is a diversified global packaging company with operations in corrugated, paperboard, protective, and consumer packaging — comparable in end-market breadth to Schwarz Partners' multi-segment portfolio across industrial, consumer, and e-commerce packaging.
• Greif: Greif is a publicly traded global industrial packaging company producing corrugated products, containerboard, and specialty packaging — overlapping with Schwarz Partners' industrial-packaging and corrugated-sheet segments.
• International Paper: International Paper is one of the largest US-based containerboard, corrugated, and pulp producers — a broad incumbent in the same value chain. The Kraft Group (New-Indy JV partner) is closely associated with IP's heritage, and IP's recycling arm partners with Integrity Fiber Supply via New-Indy Recycling.
• Smurfit Westrock: Formed from the merger of WestRock and Smurfit Kappa, this is the world's largest paper and packaging company, with global containerboard, corrugated, and consumer packaging operations — a broad incumbent competing across Schwarz Partners' end-markets globally.

Direct peers

• Graphic Packaging Holding Company: Graphic Packaging produces paperboard packaging (folding cartons, food and beverage cartons) for CPG customers — overlapping with Schwarz Partners' high-end graphic packaging and in-store display business at The Royal Group.
• Packaging Corporation of America: PCA is a publicly traded integrated corrugated producer operating containerboard mills, corrugated products plants, and packaging operations across the US — directly comparable to Schwarz Partners' New-Indy/CPG/TRG stack. PCA is the US's largest publicly listed independent containerboard-packaging company and acquired two Schwarz Partners sheet feeders in 2017.
• Pratt Industries (Pratt Corrugated Holdings): Pratt is a privately held, vertically integrated US corrugated and 100% recycled containerboard producer — the closest privately held analog to Schwarz Partners, competing in recycled containerboard, sheet, and box manufacturing with strong sustainability positioning.

Regional players

• Cascades Inc. Cascades is a Canadian-based producer of recycled containerboard, corrugated packaging, tissue, and specialty products — a comparable integrated player, but with primary geographic concentration in Canada and overlap with Schwarz Partners in recycled fiber and corrugated sheet production.
• Mondi plc: Mondi is a European-headquartered vertically integrated paper and packaging group producing containerboard and corrugated packaging — similar business model to Schwarz Partners but primarily serving European and emerging-market customers.

Emerging players

• Pactiv Evergreen: Pactiv Evergreen produces paperboard, foodservice, and beverage packaging including cartons and sustainable fiber-based products — adjacent overlap with Schwarz Partners' STS Packaging food packaging line and New-Indy containerboard.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/SchwarzPartners
• Facebookfacebook.com/SchwarzPartners
• LinkedInlinkedin.com/company/Schwarz-Partners-LP

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries27 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schwarz Partners