Stephen Tansey, President and representative of YCC’s shareholders, commented “York Container is committed to growth and providing innovative solutions to our customers. We have enjoyed robust growth over the past several years, but we believe that in order to take our plans to the next level we need to partner with a like-minded company to expand geographically and extend our capabilities to a broader customer base. After an evaluation of our various options, we are thrilled to join forces with Atlantic. This is the best possible outcome for all of our stakeholders, in particular, our customers and employees.”
Irving Granovsky, Chairman of Atlantic Packaging, describes the rationale for this transaction: “Atlantic is always looking for progressive and well-managed companies to team up with. We feel York Container is a wonderful addition to our partnership portfolio.”
Dave Boles, President of Atlantic, states: “York Container is one of the most respected independent box companies in the United States. We have worked hard to identify growth-oriented partners in the northern U.S. for several years. The more we got to know York and their senior executive team, the more we realized that we had two companies with incredibly strong strategic alignment.”
Julian Tolbert, COO at York, added: “It is business as usual for our employees and customers at York Container, only now we have the advantage of having the support of a strategic partner committed to industry-leading innovation and customer service over a broader geographic platform.”
Atlantic’s financial advisor in the transaction was G2 Capital Advisors and York Container Company’s financial advisor was Robert W. Baird & Co.
About Atlantic Packaging Products, Ltd.
Atlantic Packaging Products, Ltd., is the largest privately-owned integrated corrugated packaging company in Canada. Atlantic provides customers with a total packaging solution through its key business divisions, which include: Corrugated and Color Packaging, Recycled Paper Mills, Retail Packaging & Displays, Paper Bag Products, Supply &Inventory Management, and Recycling. Other Atlantic strategic partners include Mitchel-Lincoln based in Montreal, Quebec, Canada; The Standfast Group based in Carol Stream, Illinois; Blackhawk Corrugated, based in Carol Stream, Illinois; Skybox Packaging, based in Mansfield, Ohio; and Champion Container Corporation, based in Wood Dale, Illinois. For more information on Atlantic Packaging, please visit www.atlantic.ca.
About York Container Company
York Container Company, a private family-owned business founded in 1954, is a leading independent manufacturer of corrugated containers and retail packaging in the Mid-Atlantic area. Headquartered in York, Pennsylvania, with world-class design, corrugating and converting capabilities, York has earned a reputation as a regional market leader focused on packaging solutions through its industry-leading innovation, quality, service, and differentiated product designs that benefit both brown-box and color-box customers as well as end-market retailers. For more information on York Container Company, please visit www.yorkcontainer.com.
SOURCE Atlantic Packaging Products