Jamestown Container Companies announced an agreement to acquire Midwest Box Company's packaging business in Cleveland, Ohio. Terms of the agreement were not disclosed.
Both companies will work closely together during the transition of business to Jamestown Container, which they expect to complete quickly. As part of the agreement, Jamestown Container plans to operate the Midwest Box plant, and retain the General Manager, account managers, and customer service professionals responsible for these accounts, as well as several of the key operations and distribution personnel.
The acquisition may also require Jamestown Container to hire several additional operations personnel in their Macedonia, Ohio, manufacturing facility.
"In addition to the new job creation, we believe this acquisition stabilizes and strengthens the jobs for our current workforce," said Joseph R. Palmeri, Vice President and Chief Operating Officer. "That - combined with our relationship with our world-class Greenpac paper mill, our role as the managing partner at Niagara Sheets LLC, and the continued process improvements in all of our plants - will enable us to enhance our products and services to our customers, support our leadership position in our markets, and strengthen our capability for future growth and expansion as opportunities arise."
Jamestown Container Companies currently operates six manufacturing facilities. In addition, Jamestown Container is an owner in Greenpac LLC and a managing partner in Niagara Sheets LLC, both world-class, state-of-the-art manufacturing facilities in the Buffalo NY area.
Midwest Box Company started in 1964 as a short-run supplier and grew to become Cleveland Ohio's oldest and largest sheet plant.
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