Consolidated Container Company to be Acquired by Bain Capital

Consolidated Container Company (CCC), a leading developer and manufacturer of rigid plastic packaging solutions in North America, has announced it will be acquired by affiliates of Bain Capital Partners LLC, a global private investment firm. Terms of the definitive agreement to purchase the privately held business from Vestar Capital Partners and its other investors were not disclosed. The transaction is expected to close during the third quarter of 2012.

Consolidated Container Company specializes in customized mid- and short-run packaging solutions serving a diverse customer base in the dairy, water, beverage, food, household chemical, automotive, and industrial chemical markets. With 59 manufacturing facilities and 2,100 employees, CCC has an integrated, nationwide network of manufacturing and service locations to deliver reliable and cost-effective packaging solutions to meet the needs of a wide range of customers and markets.

“We are very proud of the customer solutions we provide, and of our ability to understand and respond to the needs of customers with innovative solutions and reliable processes,” said Jeffrey Greene, Chief Executive Officer of Consolidated Container Company. “With the support and resources of Bain Capital, we are excited to continue to expand our capabilities and customer base through investment in product development, technology, greenfield facilities and acquisitions.”

“We are very excited to be partnering with CCC and its management team to support the company in its future growth,” said Seth Meisel, a Managing Director at Bain Capital. “We are impressed by the success CCC has demonstrated in offering solutions that deliver a high level of customer satisfaction, its industry-leading design and R&D capabilities, and its well-run manufacturing network.“

“Over the past several years, CCC has made significant progress developing clear leadership positions in its core North American markets,” said James P. Kelley, a Managing Director, Vestar Capital Partners. “We are grateful for management’s commitment and value our partnership with them. Bain Capital’s new investment will enable CCC to build on its progress.”

Consolidated Container Company was advised by BofA Merrill Lynch and Barclays, and legal advisors were Simpson Thacher & Bartlett LLP.

Source: Consolidated Container Company