Rigid plastic packaging solutions manufacturer in the US Consolidated Container Company (CCC) has announced its proposal to acquire all of the assets of plastic container manufacturer Madras Packaging for an undisclosed amount.
The deal includes Madras Packaging facilities in Atlanta and Argos, Indiana. The Atlanta plant is set to expand CCC's ability to serve customers in multiple sites with the company's national platform.
CCC president and chief executive officer Jeffrey Greene said the acquisition supports the company's plan of growing through a mixture of organic growth and targeted merger and acquisition (M&A) activity.
"The addition of the Argos facility enhances CCC's ability to serve key regional and national customers in the industrial and specialty chemicals markets in the Midwest and Greater Chicago regions," Greene said.
According to CCC, the latest development represents the second acquisition announced by the company since its acquisition by Bain Capital in July 2012.
CCC specializes in customized packaging solutions and serves a diverse customer base in the dairy, large-format water, beverage, food, household chemical, automotive and specialty chemical markets.
