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Crown Paper Group Acquires Southern California-Based Montebello Container

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Crown Paper Group, Atlanta, Ga., USA, has acquired Montebello Container Corp., an independent corrugated sheet producer based in Southern California. The closing date was September 22. Montebello operates three facilities in metropolitan Los Angeles—a sheet feeder (in La Mirada), a sheet plant (in Santa Fe Springs), and a specialty sheet feeder (in Pico Rivera).
 
Montebello President Anthony Salcido and VPJohn Salcido will continue to lead Montebello Container. They said, in a joint statement that "joining Crown will benefit our customers in three ways: First, it will enable us to continue providing our customers with the levels of product quality, timeliness, and responsiveness that they demand and have come to expect from us. Second, it will enable us to ensure our customers’ product continuity via Crown’s Port Townsend Paper mill. Third, it will provide us with access to Crown’s team of executives, who have a track record of building excellent packaging businesses, and access to ample capital to invest in upgrades to operations." 

Crown Paper Group CEO Steve Klinger said that "the Crown executive team is energized by the opportunity to work with the Montebello team. We have immense respect for the Salcido family and the fine business that they have built over five decades. To them, we will bring our own track record of engaging employees in involved, productive, and safe workplaces, and exceeding customer expectations." 

Crown’s acquisition of Montebello follows its initial acquisition of Port Townsend Paper, Crown Packaging, and Boxmaster in February 2015, and is part of its strategy to build an independent, integrated, high-performing North American packaging business.
 
Crown Paper Group is a holding company for investments in the paper and packaging industries. Its executive leaders have worked together in the paper and packaging industry for a century and a half, collectively building high performance businesses. 

 

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