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

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank Gr...    More

Market Reports

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

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 billion 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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events