ATLANTA--(EON: Enhanced Online News)--Consolidated Container Company (CCC) has announced that it has sold its polycarbonate bottle manufacturing business in Mexico to a local private equity group, Davinci Capital, S.A.P.I. de C.V. The transaction includes two manufacturing plants, one located in Cuautitlan and one in Irapuato, with approximately 120 employees at the two facilities combined. The business will continue to operate under its current name, Reid Mexico, S.A. de C.V.
Jeffrey Greene, President and Chief Executive Officer of CCC, said, “This divestiture allows CCC to focus all of our efforts on serving customers in our core rigid plastics business in the United States. In addition, it provides Reid Mexico with the local management and resources that are needed to grow that business. This is a great outcome for CCC, Davinci Capital and Reid Mexico.”
Consolidated Container Company
Consolidated Container Company is a leading developer and manufacturer of rigid plastic packaging solutions in the U.S. Consolidated Container Company specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the dairy, household chemicals, food, industrial/specialty chemicals, water, and beverage/juice markets. With 54 manufacturing facilities and 2,200 employees, CCC has an integrated, nationwide network of manufacturing and service locations to deliver reliable and cost-effective packaging solutions to meet the needs of a wide range of customers and markets. CCC provides standard and custom packaging solutions to its customers. From its state-of-the art Panella Engineering and Development Center to its experienced manufacturing teams across its network, CCC delivers high performance, cost-effective design solutions to meet even the most challenging container applications.