Mauser Packaging Solutions, reported that it has completed the acquisition of Consolidated Container Company on February 1, 2024.
Consolidated Container is a company recognized for its role in the manufacture, reconditioning and distribution of industrial containers. In addition, they also offer recycling services and other activities related to their industry.
The company was acquired for approximately US$56 million in cash. This acquisition includes most of the company’s assets. Mauser, a company with headquarters in Minneapolis, Minnesota and Kansas City, USA, plans for this strategic move to be a perfect complement to its current business operations.
Mauser’s North American Industrial Packaging segment president, David Vergo, said the purchase not only expands the company’s geographic reach, but also provides opportunities to improve efficiencies in its reuse business.
According to Mauser Packaging Solutions CEO Mark Burgess, it is important to focus on margin accretion rather than synergies and different ways to create shareholder value. This demonstrates the company’s great potential to generate profits and positive results.
The purchase was made thanks to funds provided by Mauser, which used US$56 million in cash from its own reserves. It is important to note that the agreed price may change after closing due to standard adjustments.
