BWAY Holding Co. has acquired Phoenix Container Inc., a leading U.S. producer of steel pails, in a stock purchase transaction. Phoenix Container, headquartered in North Brunswick, NJ, operates one plant and produces a range of steel pails used for packaging industrial and consumer products.
“This acquisition represents a continuation of BWAY’s strategy to invest in growth within our core markets where significant synergies exist,” said Ken Roessler, president and CEO of BWAY. “Phoenix Container serves to expand our geographic coverage in the North American steel pail market, provides opportunity for manufacturing optimization and investment, and will allow the company to more effectively serve a wider range of customers.”
For additional details, call (800) 527-2267 or visitwww.bwaycorp.com.
BWAY Acquires Phoenix Container
January 5, 2011