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BWAY Corporation Announces Plastic Packaging Acquisition.

Publication: PR Newswire
Publication Date: 01-JUN-04 		Format: Online - approximately 867 words
Delivery: Immediate Online Access

Article Excerpt
ATLANTA, June 1 /PRNewswire/ -- BWAY Corporation and North America Packaging Corporation announced today that the companies have signed a definitive agreement for BWAY to acquire all of the outstanding shares of North America Packaging Corporation, which commonly does business under the name of NAMPAC.

NAMPAC, headquartered in Raleigh, NC, is the leading North American producer of general line rigid plastic containers including injection-molded plastic pails and blow-molded tighthead containers, bottles and drums. NAMPAC has ten facilities providing national coverage to market leading customers with net sales in 2003 of $220 million.

Commenting on the pending acquisition, Mr. Jean-Pierre Ergas, BWAY Corporation's Chairman and Chief Executive Officer stated that, "The acquisition of NAMPAC is an important step in meeting our strategic growth and product diversification objectives. With nearly $800...

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