ATLANTA (Nov. 13, 5:35 p.m. ET) — Atlanta-based blow molder Consolidated Container Co. LLC has purchased substantially all of the assets of Madras Packaging LLC, a custom bottle manufacturer with an annual capacity of about 850 million bottles. Plastics News estimates Madras Packaging's sales at $35 million. This is CCC’s second acquisition since it was purchased in July by private equity firm Bain Capital Partners LLC.
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.