Falconer, New York based Jamestown Container Companies reported that it has reached an agreement to acquire Cattaraugus Container, Inc., a converted paper product manufacturing company in Franklinville, New York, effective immediately. Terms of the agreement were not disclosed.
“This purchase provides Jamestown Container Companies with an immediate growth opportunity in Western New York,” said 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 its current Franklinville, New York location. In addition, Jamestown Container plans to retain the entire Cattaraugus Container workforce.
“We believe this acquisition will enable us to enhance our products and services to our customers, support our leadership position in our markets, and strengthen our capability for future growth and expansion as opportunities arise,” said Palmeri. “We’ve always continued to look for ways to empower and serve our customers in the Great Lakes region, and this acquisition follows through on that promise.
Founded in 1990, Cattaraugus Container now features more than 30 employees and is guided by a management team with more than 100 years of combined industry experience. As the initial customer base grew, Cattaraugus Container expanded its business, added equipment, and trained new employees to support growth.
