Oak Brook, IL, USA – May 7, 2024
Mauser Packaging Solutions (the “Company” or “Mauser”), a global supplier of rigid packaging products and services, today announced its wholly owned subsidiary, BWAY Corporation, has completed its acquisition of newly issued shares representing 100% of the voting shares of Taenza, S.A. de C.V.), a manufacturer of tin-steel general line, sanitary, and aerosol cans, and steel pails based in Mexico (“Taenza”).
“We are happy to welcome Taenza to our Mauser family,” said Mark Burgess, Chief Executive Officer, Mauser Packaging Solutions. “Taenza’s legacy manufacturing capability and strong local presence in the Mexican markets combined with Mauser’s global network will enable us to make the Taenza business, and Mauser, more successful in the future.”
The transaction is expected to be complementary to Mauser’s existing business and provides Mauser with numerous key strategic benefits, including growth opportunity in the Mexican paint, sanitary, and specialty markets, and additional manufacturing locations, capacity, and capabilities.
About Mauser Packaging Solutions
Mauser Packaging Solutions is a global supplier of rigid packaging products and services. The Company currently operates manufacturing locations in over 20 countries serving industry-leading customers on an international basis.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may” or similar expressions. Such forward-looking statements include, but are not limited to, statements about the consummation of the transaction and the benefits of the transaction, including future financial and operating results, and our plans, objectives, expectations and intentions. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with the ability to successfully integrate Taenza’s operations and employees with Mauser’s; the ability to realize anticipated benefits and synergies of the transaction; the potential impact of announcement of the transaction or consummation of the transaction on relationships, including with employees, customers and competitors; the amount of the costs, fees, expenses and charges related to the transaction; and changes in financial markets, interest rates and foreign currency exchange rates.
In light of these risks, uncertainties and assumptions, the forward-looking statements contained in this current report might not prove to be accurate and you should not place undue reliance upon them. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact Information
Jennifer Hiser
Vice President, Finance & Investor Relations
(630) 203-4088 / Jennifer.Hiser@Mauserpackaging.com
