Cousins-Currie acquired by U.S. packaging firm
Canadian Plastics
Industrial packaging blow molder Cousins-Currie Ltd. has been purchased by consumer packaging goods supplier Silgan Holdings , based in Stamford, Conn., for CAD$48.3 million.
Industrial packaging blow molder Cousins-Currie Ltd. has been purchased by consumer packaging goods supplier Silgan Holdings, based in Stamford, Conn., for CAD$48.3 million.
Cousins-Currie operates two plants in Woodbridge, Ont., 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.
“Combined with [our] existing plastics business, this transaction creates a market-leading competitive position for our custom bottle franchise in Canada,” Bob Lewis, Silgan’s executive vice-president and chief financial officer (CEO), said.
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. — while the remaining 18 are situated throughout the U.S.
With sales of approximately CAD$55 million in 2006, Cousins-Currie was named one of the 50 best-managed Canadian companies by financial services firm Deloitte.
