Stone Canyon Industries’ subsidiary BWAY Corp will be buying Mauser Group, a global supplier of industrial rigid packaging products and reconditioning services.
BWAY Corp is a North American manufacturer of rigid metal and plastic containers.
The all-cash transaction is valued at US$2.3 billion.
Under the ownership of private investment firm Clayton, Dubilier & Rice, Mauser achieved a number of important operational milestones, resulting in 9% per annum revenue growth and 15% per annum EBITDA growth.
With 4,500 employees Mauser operates more than 100 manufacturing facilities in 88 locations across 18 countries in Europe, North America, South America and Asia, serving more than 12,500 customers.
“We welcome all of the Mauser employees to the SCI family,” says BWAY’s president and CEO Ken Roessler.
“In addition to sales growth, this acquisition expands our product offering with innovative new products which further support the company’s position as the premier supplier for rigid general line packaging.”