Cerberus-owned ABC Group sells plastic bottle maker to CCC
Reid Canada Inc, an affiliate of Consolidated Container Co (CCC), has acquired Polybottle Group Ltd and Humberline Packaging Inc from ABC Group Inc. Terms weren't disclosed. With facilities in Toronto, Vancouver and Edmonton, Polybottle and Humberline make plastic bottles for the food, beverage, automotive, and industrial and specialty chemical industries. Atlanta-based CCC, an affiliate of Loews Corp (NYSE: L), said the deal supports a new line of bottle products and expands its operations in Canada. ABC Group, a Toronto-based automotive systems and components maker, was acquired in 2016 by U.S. private equity firm Cerberus Capital Management.
6 November 2018•3 mins read
