Our other sites
Today's newsletter | Register | Subscribe | Feedback

BWay buys Ropak from Linpac for £165m

By Jessica Holbrook, Plastics News
Posted 6 December 2012

BWay has acquired Ropak Packaging, a division of Linpac, in a deal valued at about £165m.

Ropak, based in Fountain Valley, California, injection moulds rigid shipping containers for industrial and consumer applications. The firm has seven plants in North America, including a plastics recycling operation at its Springhill, Nova Scotia, facility.

BWay, based in Atlanta, also makes rigid packaging. Its product offerings include pails, drums and tight-head containers made from plastic, metal and hybrid materials.

The acquisition gives BWay an opportunity to broaden its product portfolio and expand its reach; it’s a “natural and exciting combination”, said Kenneth Roessler, BWay’s president and CEO.

BWay itself has a new owner. Private equity firm Platinum Equity of Los Angeles finalised its purchase of the company last month, in a deal worth approximately £770m. BWay immediately launched operational and M&A initiatives to strengthen and grow the company, according to a statement.

This is the latest in a series of divestures for the Birmingham-based Linpac, following the company’s debt restructuring in 2009.

In March, One Equity Partners of New York purchased Linpac Allibert, the company’s returnable transit packaging arm. In 2011, the company sold five non-core business units to funds managed by Chamonix Private Equity.


Comment on this article.

[ Back ]



TOOLBOX

ALSO IN THIS SECTION
MOST POPULAR STORIES
Site Index [ + ]
Site Index [ - ]
Home:  PRW.com | Contact editorial | Contact advertising | Features List 2014 | About us
End Markets:  Automotive | Packaging | Construction | Medical | Consumer Products | Rubber
Processes:  Injection moulding | Blow moulding | Extrusion | Thermoforming
Supplier News:  Machinery | Materials | Recycling | Moulds | Design
Polymer Prices:  LME prices | Market outlooks | Resin selector
Industry Issues:  Environment | Regulation Competitiveness
Plastics Knowledge:  Knowledge Bank
Comment:  Champ Chat | Clark's Place | Editorials | Business features
People:  Movers & Shakers
PRW Business Directory:  Directory
Classifieds:  Jobs | Classifieds
View:  Mobile | Desktop
Our Events:  PDM | Conferences
Industry Awards:  Industry Awards
Diary: Diary
Advertise with PRW
Subscribe:  PRW print | E-mail products
Reprints:  Reprints
List Rental:  List Rental
Crain Communications:  Crain Communications | Crain Publications

Entire contents copyright 2014 by Crain Communications Inc.
Plastics & Rubber Weekly and PRW.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.