(BusinessWire) Consolidated Container Company (CCC) has announced that it has sold its polycarbonate bottle manufacturing business in Mexico to a local private equity group, Davinci Capital, S.A.P.I. de C.V. The transaction includes two manufacturing plants, one located in Cuautitlan and one in Irapuato, with approximately 120 employees at the two facilities combined. The business will continue to operate under its current name, Reid Mexico, S.A. de C.V.
Jeffrey Greene, President and Chief Executive Officer of CCC, said, “This divestiture allows CCC to focus all of our efforts on serving customers in our core rigid plastics business in the United States. In addition, it provides Reid Mexico with the local management and resources that are needed to grow that business. This is a great outcome for CCC, Davinci Capital and Reid Mexico.”