Consolidated Container buys Roffe Container assets

Published: August 14, 2012 6:00 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Blow Molding

ATLANTA (Aug. 14, 2:15 p.m. ET) — Consolidated Container Co. has made its first acquisition since being sold to private equity firm Bain Capital Partners LLC.

Consolidated Container, an Atlanta-based blow molder, announced Aug. 14 that it has purchased most of the assets of Moorhead, Minn.-based Roffe Container Inc. Terms were not disclosed.

CCC also announced that it will sign a lease for a manufacturing site and will begin the installation and build-out of a multi-line production plant in Lakeville, Minn., near Minneapolis.

The two moves will give CCC two plants in the Upper Great Lakes and Northern Great Plains regions.

“One of CCC’s unique competitive advantages is our nationwide manufacturing platform, and this acquisition expands that network into one of the few geographic areas where we do not have a presence,” said Jeffrey Greene, president and CEO of CCC, said in a news release.

Tom Janas, owner and president of Roffe Container, said in the same release: “The timing of this transaction and CCC’s commitment to growing in the region aligned perfectly with our objectives. This is an exciting outcome for the employees and customers of Roffe Container.”

Roffe Container had 2011 sales of $5 million, according to the most recent Plastics News ranking. The company has 23 employees and nine machines, and makes polyethylene beverage containers for milk, water and juice.

The deal is scheduled to close in the coming weeks, and CCC expects to complete the initial build-out of the Lakeville plant by mid-2013.

Bain Capital closed on the purchase of CCC on July 3. That deal was valued at $800 million.

Bain bought the blow molder from Vestar Capital Partners and other investors.

Not counting the two additional plants in Minnesota, CCC has 59 plants in North America and 2,100 employees. The company specializes in mid- and short-run packaging, serving a diverse customer base in dairy, water, beverage, food, household chemical, automotive and industrial chemical markets.

Consolidated Container was one of the big packaging container mergers in the 1990s. Vestar Capital Partners, a New York private equity firm, bought Reid Plastics Inc., then acquired a majority stake in the packaging group of Suiza Foods Corp. in 1999 — a blockbuster deal that created the giant new blow molding conglomerate, Consolidated Container.

According to the most recent Plastics News ranking, Consolidated Container is the fifth-largest blow molder in North America, with sales of $737 million.


Comments

Consolidated Container buys Roffe Container assets

Published: August 14, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Evonik sells polyimide foams operation to Boyd

July 29, 2014 10:46 am ET

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’ Solimid...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events