Atlanta—BWAY Corporation, a Platinum Equity company and leading North American supplier of general line rigid containers, has announced it has entered into a definitive agreement to acquire Ropak Packaging from the LINPAC Group for $265-million.
Platinum Equity had only just acquired BWAY in November 2012, but had immediately launched operational and M&A (merger and acquisitions) initiatives to strengthen and grow the company.
Ropak, headquartered in Fountain Valley, Ca., is a North American producer of rigid, plastic shipping containers serving the consumer goods, food processing, construction, dairy, petroleum and other industries—all things that BWAY found appealing. Ropak has three facilities in Canada: Springhill, NS; Langley, BC; and Oakville, ONT.
BWAY Corporation, with its corporate office in Atlanta, is a leading North American supplier of general line rigid containers and operates 22 plants throughout the U.S. and Canada, including St. Albert, AB and Toronto.
BWAY and Ropak executives said integrating the businesses would be beneficial for customers of both companies.
“Ropak is known for innovative products and exceptional customer service,” states BWAY president and chief executive officer Kenneth Roessler. “Integrating Ropak into our business creates an excellent opportunity to broaden our product portfolio and expand our reach. The transaction is a natural and exciting combination.”
Roessler says that business will continue as usual as all parties work toward a prompt closing of the transaction.
“A combination with BWAY represents an exciting opportunity for Ropak and its employees,” says Ropak president Greg Toft. “The Ropak management team is looking forward to working with BWAY and Platinum Equity to integrate the businesses seamlessly and take the combined business to the next level.”
BWAY Corporation is a leading North American supplier of general line rigid containers. The Company operates 22 plants throughout the United States and Canada serving industry leading customers on a national basis.