Crown Paper Group expands packaging portfolio with Montebello Container acquisition

23 September 2015 (Last Updated September 23rd, 2015 18:30)

Atlanta-based Crown Paper Group has taken over independent corrugated sheet producer Montebello Container in a deal, which includes Montebello’s three facilities in Los Angeles, US.

Atlanta-based Crown Paper Group has taken over independent corrugated sheet producer Montebello Container in a deal, which includes Montebello's three facilities in Los Angeles, US.

Financial details of the deal have not been disclosed.

The three Montebello-operated plants in metropolitan Los Angeles include a sheet feeder in La Mirada, a sheet plant in Santa Fe Springs), and a speciality sheet feeder in Pico Rivera.

"It will enable us to ensure our customers' product continuity via Crown's Port Townsend Paper mill."

Montebello president Anthony Salcido and vice-president John Salcido said: "Joining Crown will benefit our customers in three ways. First, it will enable us to continue providing our customers with the levels of product quality, timeliness and responsiveness that they demand and have come to expect from us.

"Second, it will enable us to ensure our customers' product continuity via Crown's Port Townsend Paper mill.

"Third, it will provide us with access to Crown's team of executives, who have a track record of building excellent packaging businesses, and access to ample capital to invest in upgrades to operations."

Owned by private equity firm Lindsay Goldberg, Crown acquired the Port Townsend Paper mill in the US state of Washington in February by taking over Port Townsend Holdings Company.

Besides the paper mill, the deal also included the Canadian facilities, namely the Crown packaging plant and the Boxmaster packaging plant in Vancouver, British Columbia, and the distribution centres in Kelowna, British Columbia, and Calgary, Alberta.

The string of acquisitions is in line with Crown Paper Group's strategy to develop 'an independent, integrated, high-performing North American packaging business', it said.