Silgan Plastics Corp., a leading North American blow molder, has acquired Winn Packaging Co. of Fairfield, Ohio, and closed Winn's Thomasville, Ga., plant.
The deal closed Jan. 5. Terms were not released.
``Winn is very complementary to our business with their markets and technology,'' said Harley Rankin Jr., Silgan Holdings Inc.'s executive vice president and chief financial officer. ``It's a good fit.''
Silgan Plastics is a subsidiary of Silgan Holdings. Silgan Holdings is based in Stamford, Conn.
Winn was a privately held manufacturer and marketer of decorated rigid blow molded containers made from high and low density polyethylene, polypropylene and PVC. It served the medical, pharmaceutical, household chemical and personal-care markets. Last year the firm had 24 lines at the plants in Thomasville and Cincinnati, estimated sales of $23 million and 425 employees.
Silgan purchased the equipment from the Thomasville plant. Officials were unavailable to answer questions about Silgan's plans for that equipment.
Chesterfield, Mo.-based Silgan Plastics employs more than 1,800 at 10 blow molding plants across North America. With more than 100 blow molding machines, the company makes containers from HDPE, LDPE, PET, PP and PVC for the beverage, food, motor oil, medical and pharmaceutical, household, industrial and agricultural chemical, personal-care and lawn and garden industries.
Silgan reported sales of $216.4 million for the year ended Dec. 31, 1996, and ranked No. 11 in Plastics News' survey of North American blow molders. Winn ranked 53rd.
Silgan Holdings also makes metal food containers and metal closures for the food and beverage markets. The firm reported sales of more than $1.4 billion in 1996. Silgan operates 53 facilities in the United States and Canada.