Crown Paper Group Acquires Montebello Container
Montebello Container is an independent corrugated sheet producer based in Southern California.
Sept. 28, 2015 - Crown Paper Group has acquired Montebello Container Corporation, an independent corrugated sheet producer based in Southern California. The closing date was September 22, 2015.
Terms of the deal were not disclosed.
Montebello operates three facilities in metropolitan Los Angeles: a sheet feeder (in La Mirada), a sheet plant (in Santa Fe Springs), and a specialty sheet feeder (in Pico Rivera).
Montebello President Anthony Salcido and Vice President John Salcido will continue to lead Montebello Container.
“The Crown executive team is energized by the opportunity to work with the Montebello team,” said Steve Klinger, CEO of Crown Paper Group. “We have immense respect for the Salcido family and the fine business that they have built over five decades. To them, we will bring our own track record of engaging employees in involved, productive and safe workplaces, and exceeding customer expectations.”
Crown's acquisition of Montebello follows Crown's initial acquisition of Port Townsend Paper, Crown Packaging, and Boxmaster in February 2015, and is part of its strategy to build an independent, integrated, high-performing North American packaging business.
Crown Paper Group is a holding company for investments in the paper and packaging industries.
SOURCE: Crown Paper Group, Inc.