November 13, 2012
ATLANTA (Nov. 13, 5:35 p.m. ET) — Atlanta-based blow molder Consolidated Container Co. LLC has purchased substantially all of the assets of custom bottle manufacturer Madras Packaging LLC.
Consolidated Container announced the deal Nov. 13. Terms were not disclosed.
Madras makes bottles for dairy, industrial, juice and personal care applications, and has an annual capacity of about 850 million bottles. Plastics News estimates the company’s sales at $35 million.
Madras has two plants — an 180,000 square foot facility in Atlanta that houses 12 reciprocating screw blow molding lines, and a 170,000 square foot facility in Argos, Ind., with three continuous extrusion shuttle machines and nine reciprocating screw blow molding lines, according to the company’s website.
Madras was founded in Argos but its corporate headquarters is in Atlanta. It had been owned by Old World Industries LLC of Northbrook, Ill.
“The acquisition of Madras Packaging supports CCC’s plan of growing through a mixture of organic growth and targeted M&A activity,” said Jeffrey Greene, president and CEO of CCC, in a news release.
The Argos plant will help CCC serve industrial and specialty chemicals customers in the Midwest and greater-Chicago region.
This is CCC’s second acquisition of 2012. In August, the company announced its purchase of Roffe Container Inc.
Private equity firm Bain Capital Partners LLC completed its purchase of CCC in July, in a deal valued at $800 million.
Not counting the Madras acquisition, CCC has 60 manufacturing facilities and 2,100 employees in North America. It is North America’s sixth largest blow molder with sales of $737 million, according the most recent Plastics News ranking.