Consolidated Container buying Madras Packaging

Published: November 13, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, 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

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

Navigating the rough seas of selling your company

April 17, 2014 2:47 pm ET

For family owned plastics firms who survived the Great Recession, many wonder: Is it time to sell, retire and sip cocktails on the beach? Or, maybe...    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United States”...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events