Consolidated Container buys Roffe Container assets

Published: August 14, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, 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

Image

Atkore expands in PVC conduit, buying American Pipe & Plastics

October 20, 2014 6:06 pm ET

Atkore International Inc. of Harvey, Ill., has acquired PVC conduit maker American Pipe & Plastics Inc. of Kirkwood, N.Y., which serves the...    More

Image

OnePlastics Group brand created to cover seven different plastics firms

October 17, 2014 9:48 am ET

A Dublin-based company is launching a new brand to unify its plastics businesses into a single entity called OnePlastics Group.    More

Image

PolyOne denies report it's bidding for Klöckner Pentaplast

October 16, 2014 11:44 am ET

UPDATED — Compounding leader PolyOne Corp. is denying a report that it bid as much as $2 billion for film and sheet major Klöckner Pentaplast...    More

Image

New Amcor, Method project taking sustainability to a platinum level

October 16, 2014 11:28 am ET

Amcor Rigid Plastics will have a bottle production operation within a factory which is aiming to be the world's first LEED platinum certified...    More

Image

Pharmaceutic Litho & Label gets new private equity backing

October 15, 2014 2:41 pm ET

Ironwood Capital is making an investment in Pharmaceutic Litho & Label Co. Inc. in conjunction with an investment by Saugatuck Capital Co.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events