Cousins-Currie bought by U.S. packaging firm

Industrial packaging blow molder Cousins-Currie Ltd., is now the property of U.S. consumer packaging goods supplier Silgan Holdings, based in Stamford, Conn.
Silgan is paying $48.3 million for the Woodbridge, Ont.-based Cousins-Currie, the firm announced December 21.
Cousins-Currie operates two plants in Woodbridge where it produces large-sized, custom-designed extrusion blow-molded containers for the agricultural, institutional, food and industrial markets in both Canada and the U.S.
Bob Lewis, Silgan’s executive vice-president and chief financial officer, said the acquisition would bolster Silgan’s Canadian plastics business.
Four of Silgan’s 22 plastic container manufacturing facilities are located in Canada two are located in Lachine, Que., one in Scarborough, Ont. and one in Mississauga, Ont., respectively while the remaining 18 are located in the U.S.
Cousins-Currie boasted sales of about $55 million in 2006 and was named one of the 50 best-managed Canadian companies by Deloitte, an independent financial services firm with operations around the globe, for the past three years in a row.