Crown Paper Group, Inc. has acquired Montebello Container Corporation, an independent corrugated sheet producer based in Southern California, as the company said in the press release received by Lesprom Network.
Montebello President Anthony Salcido and Vice President John Salcido will continue to lead Montebello Container.
They said, in a joint statement, “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 is a holding company for investments in the paper and packaging industries.