Consolidated Container Company (CCC) has announced its plans to acquire all of the assets of plastic container manufacturer Roffe Container, for an undisclosed amount.
The North American supplier of rigid plastic packaging solutions said it will also ink a separate lease for a manufacturing site, and will start the installation and build-out of a multi-line production plant in Lakeville, Minnesota, US.
CCC president and chief executive officer Jeffrey Greene said one of the things working in favour of the company is its manufacturing platform nationwide, and the acquisition of Roffe Container will expand its network into one of the few geographic areas where it is not yet present.
"The addition of the Moorhead facility and the opening of a greenfield in the Minneapolis-Saint Paul area enhance CCC's ability to serve key regional and national customers in the dairy and industrial markets in the Upper Great Lakes and Northern Great Plains regions," Greene added.
The deal is expected to close shortly, and the initial build-out of the Lakeville facility will be completed by mid-2013.
Roffe Container owner and president Tom Janas, commenting on the deal, said, "The timing of this transaction and CCC's commitment to growing in the region aligned perfectly with our objectives. This is an exciting outcome for the employees and customers of Roffe Container."
CCC develops and manufactures rigid plastic packaging solutions and serves a diverse customer base in the dairy, large-format water, beverage, food, household chemical, automotive and specialty chemical markets.