Atlas Holdings has acquired Saxco International, a distributor of rigid packaging used in the wine, spirits, craft beer, and food markets, from The Sterling Group which acquired the company in 2010 through its third fund.
Saxco’s packaging products and services include glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. The company’s customers include more than 5,000 wineries, distillers, brewers and specialty food manufacturers across North America.
Saxco, led by CEO Guy Marsala, has more than 250 employees and is headquartered near San Francisco in Concord, CA (www.saxco.com).
“This exciting new partnership with Atlas signals the start of the next great chapter in the Saxco legacy,” said Mr. 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.”
“We are extremely pleased to welcome Saxco to the Atlas family of distribution and manufacturing businesses,” said Sam Astor, a partner at Atlas Holdings. “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 US 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.”
Atlas is an industrial holding company that operates in a number of sectors and its portfolio companies generate in excess of $5 billion in revenues annually. The company was founded in 2002 and is headquartered in Greenwich, CT (www.atlasholdingsllc.com).
© 2019 Private Equity Professional | January 7, 2019