Description
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Leading manufacturer of high quality blow-molded and injection-molded plastic containers and closures |
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Transaction
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Acquired in July 2004 by AEP III |
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Rationale
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First Atlantic experience in the plastics and packaging industry |
 Leverage experience gained at Berry Plastics and it's multiple add-ons |
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Plastic bottle industry fragmented as well as fastest growing segment of rigid plastic packaging market |
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Market leader in specialized PET and HDPE bottle segments |
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Strong management team with acquisition experience |
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Value Creation Strategy
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Initiate aggressive acquisition program, approaching more than 30 targets |
| Complete 3 acquisitions: Spentech, Premier Plastics and GRAFCO |
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Substantially accelerate annual growth |
| Advance investment in new low-cost manufacturing technology |
| Lead sales and marketing review and re-prioritization |
