BWAY Holding Co., a North American supplier of general line rigid containers, has acquired Plastican Inc., a U.S. producer of injection-molded plastic containers, in a stock purchase transaction.
“This business is an excellent fit with the company’s core market add-on acquisition strategy,” said Ken Roessler, president and CEO of BWAY. “In addition to sales and market share growth, this acquisition expands our product offering with innovative new products that further support the company’s goal of positioning BWAY as the premier supplier for rigid general line packaging. We expect to realize significant synergies from this acquisition, including potential future plant rationalizations.”
“BWAY is the perfect partner to advance the legacy of innovative designs and quality that Plastican has always brought to the marketplace,” said John Clementi, CEO of Plastican.
For additional details, visitwww.bwaycorp.comorwww.plastican.com.
BWAY Holding Acquires Plastican
October 26, 2010