Jamestown Container Companies announced an agreement to acquire Cattaraugus Container, Inc., a converted paper product manufacturing company in Franklinville, New York. Terms of the agreement were not disclosed.
“This purchase provides Jamestown Container Companies with an immediate growth opportunity in Western New York,” explained Joseph R. Palmeri, Vice President and Chief Operating Officer. “We constantly look for ways to strengthen our company’s position in the markets we serve, opportunities that support our long-term growth strategy to focus on core competencies, minimize the impact of rising costs, and maximize customer, employee and shareholder value.”
With the acquisition complete, Cattaraugus Container will operate as a division of Jamestown Container Companies in their current Franklinville, New York location.
In addition, Jamestown Container plans to retain the entire Cattaraugus Container workforce.
Jamestown Container Companies currently operates six manufacturing facilities.
