Mesirow Financial acted as exclusive financial advisor to BWAY Corporation (NYSE: BWY), with annual revenues of approximately $1 billion, in its acquisition of Central Can Company, a U.S. producer of rigid general line metal and plastic containers. Central Can Company, located in Chicago, IL, operates one plant producing metal paint and specialty cans, steel pails, and hybrid and all-plastic paint cans. Annual sales for Central Can Company are approximately $68 million.
Commenting on the acquisition in the Company's press release, Mr. Ken Roessler, BWAY Corporation's president and chief executive officer stated that, "The acquisition of Central Can Company is an important step in meeting our dual path strategic growth objective which includes both add-on acquisitions in our core markets, and ongoing organic initiatives. This acquisition fits very well with BWAY's core skills and expands our product offering which will further our goal of building BWAY as the brand recognized as the one-stop shop for general line rigid containers in North America."
BWAY Corporation is a leading manufacturer of steel and plastic containers for the general line category of the North American container industry.