Mauser Packaging Solutions, a global provider of rigid packaging products and services, announced the successful completion of its acquisition of Consolidated Container Company on 1 February 2024.
Consolidated Container is known for its role as a manufacturer, reconditioner, and distributor of industrial containers, in addition to providing recycling and related services.
Strategic expansion with complementary assets
The acquisition, valued at $56m in cash, encompasses substantially all the assets of Consolidated Container.
With facilities located in Minneapolis, Minnesota, and Kansas City, US, this strategic move is anticipated to seamlessly complement Mauser’s existing business operations.
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The expansion is also expected to bring added value to Mauser’s product and service portfolio, creating opportunities for growth for its customers, employees, and suppliers.
Geographical footprint enhancement and efficiency improvements
The addition of Consolidated Container to Mauser’s franchise is deemed an exciting development by industry leaders.
David Vergo, president of Mauser’s North America Industrial Packaging segment, expressed that the acquisition not only enhances geographical reach but also opens avenues to improve efficiencies in the company’s reconditioning business.
Meanwhile, Mark Burgess, CEO of Mauser Packaging Solutions, highlighted the potential for margin accretion before synergies and multiple levers for shareholder value creation.
Financial details and future outlook
The transaction was funded entirely by Mauser, utilising $56m in cash from its existing resources. However, it is important to note that this final purchase price is subject to customary post-closing adjustments.
As an affiliate of Stone Canyon Industries, Mauser Packaging Solutions currently operates manufacturing locations in more than 20 countries, catering to industry-leading customers on a global scale.