AUSTIN, Texas – January 5, 2011 – Westlake Securities, LLC, a middle-market investment bank, has announced the sale of Phoenix Container, Inc. to BWAY Holding Company, a portfolio company of Madison Dearborn Partners. Westlake Securities advised Phoenix Container throughout the sale process, including the preparatory, marketing, due diligence and negotiation phases of the transaction. Terms of the transaction were not disclosed.
Phoenix Container, headquartered in North Brunswick, New Jersey, is a leading manufacturer of a wide range of steel pails used for packaging industrial and consumer products. Josh Sokoloff, President of Phoenix Container, commented, “Through an aggressive marketing effort, Westlake achieved an attractive outcome for our shareholders. Cory Allen and his team’s execution expertise and advice proved invaluable. Westlake was an ideal partner to the shareholders throughout the sale process.” Cory Allen is a Managing Director with Westlake who led the deal team on the Phoenix Container transaction.
BWAY is a leading North American supplier of general line rigid containers. The Company operates 23 plants (including Phoenix Container) throughout the United States and Canada serving industry leading customers on a national basis. BWAY is a portfolio company of Chicago based Madison Dearborn Partners, LLC.
About Westlake Securities, LLC:
Westlake Securities, LLC is an investment banking firm serving middle market companies, with offices in Austin, Dallas, Houston and Lafayette. Westlake’s clients include family-owned businesses, privately held companies, private equity and venture capital funds and publicly traded companies. Services include equity capital formation, debt placement, merger and acquisition advisory, fairness opinions and valuations. Westlake is a member of FINRA and SIPC. For more information, please visit the Westlake website at www.westlakesecurities.com