Atlanta-based Consolidated Container Co. LLC filled in a gap in its footprint with acquisition of the assets of blow molder Precision Plastics Inc. in Chippewa Falls, Wis.
“We can easily integrate those size deals into our systems and processes,” said Pete Bitter, vice president of finance.
The bolt-on acquisition “to our core business is in a strategic location with a strategic customer base,” Bitter said by telephone.
Primarily, the site supplies high density polyethylene containers to the bottled water market for the dairy industry.
Chippewa Falls becomes Consolidated's 55th rigid package manufacturing plant. Consolidated's other upper Midwest blow molding plants are in Harvard, Ill., and Moorhead, Minn.
Consolidated also recycles plastic at three facilities.
Now operating under the Consolidated banner, the Chippewa Falls location has “less than 20 employees and less than five blow molding machines,” Bitter said.
The blow molding occurs in a business park bay of approximately 8,500 square feet that is leased from Pregent Development LLC. If needed, additional space is available, said Steve Pregent, property owner.
Consolidated completed the Chippewa Falls asset acquisition from Ted Nagy of Kalona, Iowa, on Aug. 1. No terms were disclosed.
Consolidated Container ranks No. 7 in Plastics News' survey of North American blow molders, with estimated relevant sales of $820 million. That total includes the Precision Plastics operations.