The Real Deal Miami

Miami warehouses included in large industrial merger

Buyer is one of country's largest corrugated packaging producers

September 08, 2016 12:45PM
By Sean Stewart-Muniz

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The Miami warehouses and Mark Kowlzan, CEO of the Packaging Corporation of America

The Miami warehouses and Mark Kowlzan, CEO of the Packaging Corporation of America

Two Miami warehouses were thrown into a $386 million industrial merger that saw container giant Packaging Corporation of America swallow up the TimBar Corp. in late August.

County records show the corrugated metal plants at 3400 and 3500 Northwest 110th Street on the eastern border of Hialeah were just transferred from TimBar to PCA for $12 million.

The warehouses, which TimBar has owned and operated out of since the 1970s, span a combined 144,000 square feet and were built in the 1960s. As part of the merger, TimBar turned over its five corrugated metal plants, two fulfillment centers and four design stores throughout the Eastern and Southeastern United States.

The deal added those facilities to PCA’s existing portfolio of 95 manufacturing plants and their support facilities stateside, bolstering its position as the country’s fourth-largest maker of corrugated packaging.

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