Consolidated Container Co. LLC of Atlanta is buying Whitmire Container Corp. of Sherman, Texas.
R. Keith Brower, Consolidated's senior vice president of operations, said the deal should be finalized in the next few weeks. Whitmire was founded in 1989 by the family of the same name in Sherman and then expanded with a site in Blue Mountain, Miss., in 2003.
Whitmire Container, with $15 million in sales, is ready to move forward under a larger company that gives it technical resources and additional capital backing, Whitmire President Jeff Whitmire said in a Feb. 23 telephone interview. With consolidation of the blow molded container market, Whitmire said it became necessary to make a move.
``We saw that coming and pretty much understood that was what's going to make it a very aggressive market,'' he said.
Whitmire employs 100 and makes agricultural chemical, kitty-litter and consumer product containers. Consolidated will add equipment to the Sherman plant.
Consolidated has been aggressive with acquisitions during the past year. In October, it bought the assets of MAB Group LLC out of bankruptcy. MAB is a beverage bottle blow molder in Louisville, Ky. That same year, it acquired the Salt Lake City assets of Quintex Corp. In 2005, it bought Steel Valley Plastics Inc. of Canfield, Ohio, which was focused on the polycarbonate water-bottle market.
Consolidated added a smaller, 10-cavity blow molding machine to the Louisville plant about a month ago, Brower said.
Brower said Consolidated has not overreached itself by acquiring too much too quickly. It basically has a strategy to buy a business every four to five months.
``We think we're moving in a very measured way,'' he said Feb. 22 by telephone. ``We've had great success in the companies we've bought. We've got a very deliberate integration strategy.''