Crescenda announces the sale of Roffe Container, Inc.
Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, Roffe Container, Inc., a plastic container manufacturer located in Moorhead, Minnesota, was acquired by Consolidated Container Company (CCC).
CCC also signed a separate lease for a manufacturing site and will begin the installation and build-out of a multi-line production plant in Lakeville, Minnesota, just outside of Minneapolis - St. Paul.
Jeffrey Greene, President and Chief Executive Officer of CCC, said, “One of CCC’s unique competitive advantages is our nationwide manufacturing platform, and this acquisition expands that network into one of the few geographic areas where we do not have a presence. The addition of the Moorhead facility and the opening of a greenfield in the Minneapolis-Saint Paul area will enhance CCC’s ability to serve key regional and national customers in the dairy and industrial markets in the Upper Great Lakes and Northern Great Plains regions.”
Tom Janas, owner and president of Roffe Container, stated, “The timing of this transaction and Consolidated Container’s commitment to growing in the region aligned perfectly with our objectives. This is an exciting outcome for the employees and customers of Roffe Container.”
The acquisition closed on Friday, September 7 and CCC expects to complete the initial build-out of the Lakeville facility sometime next year.
Consolidated Container Company
Consolidated Container Company is a leading developer and manufacturer of rigid plastic packaging solutions in North America. Consolidated Container Company specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the dairy, large-format water, beverage, food, household chemical, automotive, and specialty chemical markets.
With 59 manufacturing facilities and 2,100 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.
Crescenda Investment Banking Advisors (Crescenda, LLC) represented Roffe Container as sell-side advisor.
www.cccllc.com
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About Crescenda, LLC
Crescenda is a mergers and acquisitions intermediary and investment banking advisory firm specializing in the sale of privately held companies with annual revenue between $10 and $60 million.
For more information, please contact:
Jim Odney, Managing Director Crescenda, LLC Ph: (763) 545-1886 jim@crescenda.com
www.crescenda.com