Consolidated Container Co. of Atlanta is acquiring two blow molding facilities from Quintex Corp. of Nampa, Idaho, to expand CCC's geographic footprint in the U.S. market.
Consolidated will gain nearly 100 employees along with plants in Salt Lake City and Spokane, Wash., said spokeswoman Suja Katarya.
The companies are finalizing an agreement. Officials hope to close the transaction in the next several weeks.
Although Katarya would not disclose specifics, she said the acquisition also will expand the technology platforms that already enable CCC to serve a range of customers and attractive markets.
Quintex does extrusion, injection blow and injection stretch blow molding, and reported blow molding sales of $14.7 million for the fiscal year ended June 30.
Quintex also does custom injection molding at its Nampa plant, which it will retain.
``That's going to stay in place just as it is, and hopefully prosper,'' said Quintex President Dorothea Christiansen, in a May 11 phone interview from the Spokane plant.
Quintex sold the blow molding plants because ``the time was right and the offer was right,'' she said. ``I wanted to pay more attention to the Idaho facility, which is growing, and I wanted to stay closer to home. I've spent a lot of time traveling in the last 20 years.''
The Idaho plant employs 50-60, depending on seasonal work.
The Spokane plant is more than 50 years old, and Quintex has owned it for 20 years. Nampa opened in 1972, and Quintex added the Salt Lake City plant 13 years ago.
Consolidated Container's customers include Dean Foods, DS Waters of America, Kroger Co., Nestle Waters North America, Procter & Gamble Co., Coca-Cola North America, Exxon Mobil, Scotts and Colgate-Palmolive.
Consolidated Chief Executive Officer Jeff Greene predicted this year that the firm would be more active with acquisitions.