Transaction Will Expand Company's Rigid Metal Packaging Capabilities
Mauser Packaging Solutions is pleased to announce that it has entered into a definitive agreement to acquire Taenza, S.A. de C.V., a manufacturer of tin-steel aerosol cans and steel pails based in Mexico (“Taenza”).
Headquartered in Mexico City, Taenza’s company footprint includes 5 manufacturing facilities located throughout Mexico and over 850 employees. Taenza’s product portfolio incorporates a range of aerosol spray cans, steel pails, and paint cans used by a diverse customer base in the paint, coatings, and chemical industries.
“Combining Taenza’s strong local presence and expertise with Mauser Packaging Solutions’ global network enables us to better serve our customers,” said Mark Burgess, Chief Executive Officer, Mauser Packaging Solutions. “Our companies have similar values with a focus on operating safely, delivering high-quality packaging solutions, helping customers grow, and creating value for shareholders, and we are eager to welcome Taenza colleagues to the team in the future.”
The transaction is expected to be final by April 2024, subject to regulatory clearances.