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New Deal


Announced

Argand Partners to acquire Midwest Can and Container Specialties.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Plastics

United States

Private Equity

Domestic

Majority

containers

Pending

plastic bottle manufacturing

Containers and Packaging

Acquisition

Single Bidder

Private

Friendly

Synopsis

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Argand Partners, a private equity firm, agreed to acquire Midwest Can, a manufacturer of portable fuel containers, and Container Specialties, a manufacturer of custom blow-molded plastic containers for the food, automotive, chemical, and agriculture industries, from GenNx360 Capital Partners. Financial terms were not disclosed. “Midwest Can has undergone substantial change over the last three years as we invested in the business and launched our FlameShield Safety System PFC products, and we are excited to partner with Argand during our next phase of growth as we continue to add more products to our lineup that will complement our industry leading standard PFC offering,” Jerry Burris, Midwest Can Chief Executive Officer.

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