This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ASG Acquires Consumer-Packaging Business From MWV

Stocks in this article: MWV

ASG, a leading global specialty-packaging manufacturer, announced today it has acquired the Bydgoszcz, Poland-based beauty and personal care folding carton business of MeadWestvaco Corporation (NYSE:MWV). Terms of the transaction were not disclosed.

Bydgoszcz is an important supplier of packaging to major global and regional consumer goods companies, including cosmetics and beauty brands. ASG, already one of the largest packaging suppliers for the home entertainment industry, will leverage the Bydgoszcz operation’s assets to expand its footprint in the European consumer-packaging market. The acquisition is part of ASG’s multiyear strategy to develop additional world-class packaging solutions for the beauty and personal care, spirits, confectionery, and healthcare markets.

“In bringing Bydgoszcz into our group, we increase our level of technical capability, experience, and knowledge of consumer markets,” Tony Garnish, ASG’s Chief Executive – Europe, stated. “We look forward to cultivating new opportunities while continuing to deliver first-class solutions for our current clients.”

Mike Jackson, Chairman of ASG’s Board of Directors, stated that the acquisition will make ASG more competitive and help the company better meet the needs of demanding consumer brands and existing customers. “This acquisition is another excellent platform from which ASG can grow into new markets,” he commented. “We are excited to extend our presence in Europe and expand our global customer base in our primary business of print, packaging, and plastics.”

All 320 of the current employees will continue working at the Bydgoszcz facility. “We are excited about ASG’s future,” Garnish stated. “And we warmly welcome our new colleagues from MWV-Bydgoszcz into the ASG and Atlas families. They offer decades of unparalleled knowledge and experience in their industry.”

About ASG

ASG, a portfolio company of Atlas Holdings LLC, is a leading specialty-packaging company that delivers innovative packaging solutions for the world’s premier consumer brands. Its key packaging segments include health and beauty, pharmaceutical, home entertainment, consumer electronics, confectionery and specialty foods, spirits, and sporting goods. The company operates 18 manufacturing facilities — the capabilities for which include lithographic, flexographic, digital, and specialty-gravure printing and injection-molded plastics — in North America, Europe, Asia, and Latin America. It also boasts seven Spark! creative services centers in the U.S., U.K., France, China, and Australia. ASG is comprised of two separate legal entities — AGI-Shorewood U.S. and AGI-Shorewood International — and collectively employs nearly 3,000 people worldwide. Please visit www.asg-worldwide.com for more details.

About Atlas Holdings LLC

Atlas Holdings LLC is an industrial holding company headquartered in Greenwich, Connecticut. The company employs approximately 10,000 people at more than 90 facilities worldwide. Atlas operates in a number of industrial sectors, including building materials, energy, capital equipment, steel mill services, wood products, pulp and paper, and packaging. Atlas’ portfolio companies combined generate in excess of $3 billion dollars in revenues annually. Over the last 25 years, the principals of Atlas, in partnership with capable management teams, have built more than 40 companies in a variety of industries. Learn more at www.atlasholdingsllc.com.

Copyright Business Wire 2010

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs