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.
Go deeper with GlobalData
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.
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.
See Also:
"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."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataOwned 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.
