Consolidated Container buying Madras Packaging

Published: November 13, 2012 6:00 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Blow Molding

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.


Comments

Consolidated Container buying Madras Packaging

Published: November 13, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Plastics News Now: Losing weight with style, plastics in the Dragons' Den

January 29, 2015 6:00 am ET

A 19-year-old entrepreneur brings business to a U.K. injection molder after winning support on TV's Dragons' Den, auto suppliers combine...    More

Image

African equity fund invests in Kenya's General Plastics

January 28, 2015 4:24 pm ET

An African investment fund specializing in agriculture has invested in Kenyan packaging firm General Plastics Ltd. to provide funds to expand in the...    More

M&A deals in packaging hit record

January 28, 2015 1:49 pm ET

It's good to be in packaging these days. More precisely, it's good to be in packaging and decide to sell or merge.    More

Image

Sika opens negotiations to acquire Axson Technologies

January 28, 2015 12:17 pm ET

Specialty chemicals maker Sika AG has entered into exclusive negotiations with Axson SAS management and shareholders to acquire its epoxy and...    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio Rena...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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