PaintSquare.com


The First Word in Protective & Marine Coatings

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

Register Now for D+D 2014

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.

Fischer Technology Inc.
Gauges Meet IMO-PSPC & SSPC-PA2 Requirements

• USB or optional Bluetooth
• Custom inspection reports
• Excellent on edges & rough surfaces; Optimum accuracy
• Largest selection of probes to meet challenging situations
Call Fischer: 800-243-8417


CS Unitec
Surface Prep Tools for Hazardous Conditions

CS Unitec's Trelawny™
line of surface prep tools
is safe and efficient for
use in marine & protective coatings applications including Ex Zones & Hot Work Zones.


Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

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


Abrasives Inc.
One Call Orders it All!

Life is good when it’s simple. We distribute Clemco blast equipment, nozzles & parts alongside our proven blast media. Make your call: Abrasives Inc. 800-584-7524


DeFelsko Corporation
PosiTector Dew Point Meter

Measures and records
environmental conditions
during surface prep and
painting. 4 Models
Available – Standard
or Advanced features,
Built-in or Separate probe.


DeHumidification Technologies
HUMIDITY PROBLEMS?

DH Tech has the most innovative and reliable equipment available to
control humidity efficiently
and effectively.
IT'S UNDER CONTROL!


CHLOR*RID International Inc.
Surface cleanliness is
ESSENTIAL to coating
performance.

* TEST FOR SALTS
* PREVENT FLASH RUST
* REMOVE SALTS
More information at
www.chlor-rid.com,

800-422-3217

 
 
 
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