USA: Packaging leader for the craft beer industry changes hands

Atlas Holdings, a private investment & equity firm located in Greenwich, CT announced today that it has acquired Saxco International, the packaging leader for the craft beer industry and a leading North American value-added distributor of rigid packaging to the wine, spirits, craft beer, and food markets. Saxco offers a broad range of products and services including glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. Terms of the transaction were not disclosed.

Atlas and its affiliates own and operate 17 platform companies which employ more than 21,000 associates at more than 200 facilities worldwide. Atlas operates in sectors such as aluminum processing, automotive, building materials, capital equipment, construction services, paper and packaging, power generation, pulp, supply chain management and wood products. Atlas’ companies together generate more than $5 billion dollars in revenues annually.

Saxco was founded in 1936 and led for many years by Herb and Keith Sachs before being acquired by The Sterling Group in 2010. Today, the company serves more than 5,000 wineries, distillers, brewers and specialty food manufacturers across North America. Saxco’s broad product line and distribution capabilities are complemented by a differentiated suite of other services, from brand and packaging design to warehouse and logistics management. Its expertise in glass, for example, is a clear differentiator compared to the other large distributors.

“We are extremely pleased to welcome Saxco to the Atlas family of distribution and manufacturing businesses,” said Sam Astor, partner at Atlas Holdings, in a press statement. “Saxco’s proud heritage and sector expertise position the company well for sustained growth, particularly as specialty brands and craft producers gain market share across all beverage categories. There are eight times as many breweries in the U.S. as there were a decade ago, and seven times as many distilleries. The number of wineries during this period has also continued to grow steadily. Saxco’s leadership team and dedicated workforce will now have the added capital and support to meet this growing demand by delivering value-added, superior customer service.”

“This exciting new partnership with Atlas signals the start of the next great chapter in the Saxco legacy,” said Saxco CEO Guy Marsala. “Atlas’ proven record of investing the human and financial capital to strengthen fundamentally strong businesses is a perfect fit for where Saxco is today. The future of our business got brighter today, and we’re thrilled to seize the many opportunities ahead.”

 

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