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Angelo Gordon’s Net Lease Group completes USD34.3m sale-leaseback deal

The Net Lease Group, owned by US private equity firm Angelo Gordon, has acquired five of Consolidated Container Company’s manufacturing and distribution facilities for USD34.3m.

The Net Lease Group, owned by US private equity firm Angelo Gordon, has acquired five of Consolidated Container Company’s manufacturing and distribution facilities for USD34.3m.

The facilities are located in Santa Ana and Tracy, California, Baltimore in Maryland and Elizabeth and Monroe in New Jersey

Formed in 1999 and a portfolio company of New York-based Vestar Capital Partners, Consolidated Container is a North American developer, manufacturer and marketer of rigid plastic containers for consumer products and beverage companies.

It has long-term customer relationships with blue-chip companies such as Dean Foods, Nestle Waters North America, Procter & Gamble and Scotts.

Consolidated Container has a network of 65 manufacturing facilities throughout the US and three manufacturing facilities in Mexico and Canada.
 
Teddy Kaplan, managing director and co-manager of AG Net Lease, says: ‘Consolidated Container is a leader in the rigid container space, with a blue chip customer base and world class management. We are thrilled CCC and Vestar chose to work with AG Net Lease on this transaction.’
 
Jim Kelley, president of Vestar Capital Partners, adds: ‘This is the second time we have partnered with AG Net Lease for sale-leaseback financing. They have demonstrated superior execution skills and we look forward to working with the team in the future.’

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