SCI Announces Agreement To Acquire Mauser Group

Stone Canyon Industries, LLC (“SCI”), announced today that it entered into a definitive purchase agreement to acquire Mauser Group N.V., a global supplier of rigid packaging products and services for industrial use, from Clayton, Dubilier & Rice (“CD&R”). SCI, through its subsidiary BWAY Corp. (“BWAY”), is the leading North American manufacturer of rigid metal and plastic containers.

The all-cash transaction is valued at $2.3 billion.

With revenues of over €1.4 billion, Mauser manufactures and supplies plastic and steel drums and intermediate bulk containers (“IBCs”). The Company is also the leading provider of reconditioning services for used plastic drums and IBCs. Mauser’s 4,500 employees operate 111 manufacturing facilities in 88 strategic locations across 18 countries in Europe, North America, South America and Asia. SCI’s ownership of BWAY and Mauser creates a global leader in containers and packaging for the chemical, industrial and food and beverage industries, among others.

Ken Roessler, BWAY’s President and Chief Executive Officer, stated: “We welcome all of the Mauser employees to the SCI family. We look forward to working with Peter Schaefer and the Mauser management team in bringing together two great companies in the packaging and container industry. In addition to sales growth, this acquisition expands our product offering with innovative new products which further support the Company’s position as the premier supplier for rigid general line packaging.”

Peter Schaefer, CEO of Mauser Group, said: “With today’s announcement, Mauser has achieved a new milestone which represents a strong validation of our growth strategy and opportunity to build additional value for employees and customers alike. Together with BWAY, we will have a unique opportunity to continue our strong growth momentum.”
http://www.prnewswire.com/news-releases/sci-announces-agreement-to-acquire-mauser-group-300403150.html

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