PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Equity Firm to Acquire Container Maker BWAY

Wednesday, March 31, 2010

Comment | More

BWAY Holding Company, a major North American supplier of general-line rigid containers including containers for paints and coatings, announced an agreement to be acquired by a company organized by the private-equity firm Madison Dearborn Partners LLC.

The transaction is valued at approximately $915 million, including the assumption of debt, BWAY said. The acquisition also is subject to regulatory approvals, with completion of the transaction anticipated in the second or third quarter of this year.

The agreement was unanimously approved by BWAY's board of directors, and is subject to approval of the company’s shareholders. Bank of America Merrill Lynch and affiliates of Deutsche Bank Securities Inc. have committed financing for the transaction, according to the announcement by BWAY.

Kenneth Roessler, BWAY president and CEO, said Madison Dearborn Partners “has a solid reputation for working with their portfolio companies, and I believe that they will be instrumental in helping BWAY meet our growth objectives.”

Thomas S. Souleles, Madison Dearborn Partners managing director, described BWAY as a “world-class packaging business with leading market positions, outstanding customer relationships, and an exceptional management team.”

BWAY Holding Company, based in Atlanta, operates 20 plants, excluding announced plant closures, in the U.S. and Canada. The company’s product lines include metal cans and steel and plastic pails for paints, coatings, adhesives, and mastics. The company’s businesses include BWAY Packaging, NAMPAC, and ICL Industrial Containers.

Madison Dearborn Partners LLC is a private-equity investment firm that has invested in more than 100 companies. The firm says it invests in businesses across a broad spectrum of industries, including basic industries, communications, consumer, energy and power, financial services, and health care.

   

Tagged categories: Acquisitions; Mergers

Comment Join the Conversation:

Sign in to our community to add your comments.

Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


PaintSquare
SSPC 2014 Product Demos

Watch product demos by SSPC 2014 exhibitors. Check them out now!


SAFE Systems, Inc.
Enduroguard -
The Tough Cable
for a Tough Industry.

Reduce maintenance costs and down time, increase job site safety with Enduroguard Cable. Available exclusively from SAFE Systems. UL listed, flexible, abrasion resistant and cut resistant.


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


Thermion Inc
Buy Back Program

We are offering $5,000
credit for your old Model
This drive system is
being discontinued by
the manufacturer.
More information at
thermioninc.com
877.884.3428


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rush inhibitor prevents flash rust by removing surface contaminants.
Contact us for your nearest distributor. (800) 319.8802 sales@holdtight.com


Axxiom Manufacturing
Schmidt Improves Conversion Kits

Schmidt's conversion kits turn out-of-date blast pots into high quality, efficient blasters. Quick, easy to install with step by step instructions.
Call 1-800-231-2085

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com