GREEN BAY, WIS. (Aug. 6, 3:35 p.m. ET) — Tosca Ltd. has acquired the reusable plastic container division of Georgia Pacific LLC, in a move that will expand the company's offerings in the beverage, dairy and fresh produce markets.
The acquisition includes facilities in Memphis, Tenn.; Garland, Texas; and King City, Calif.
Tosca said it will continue to operate the facilities and will retain Georgia Pacific RPC's 170 employees, including the company's management team.
The combined business will operate under the Tosca brand.
“We're definitely looking forward to combining these two companies,” said Tosca CEO John Frey. “We feel we've got a very strong workforce in both companies and we're certainly hoping to take advantage of that.”
Tosca supplies reusable containers made of plastic and other materials to customers in the beer, cheese and food markets.
The company offers container rental, wash, repair and reconditioning, and coordinates logistics for its customers, ensuring they have the right containers in the right conditions at the right time, Frey said.
Georgia Pacific RPC offers similar services, but is a strong player in the produce industry whereas Tosca has focused on the protein market.
“[The acquisition] gives us a real good balance across the different commodities,” he said, adding that the acquisition will allow Tosca to offer its customers more services.
Tosca, based in Green Bay, has 160 employees in eight locations across the U.S. A privately-owned company, it does not release financial information.
Georgia Pacific RPC is a component of the Atlanta-based company's packaging division.