“This purchase provides Jamestown Container Companies with an immediate growth opportunity in Western New York,” explained Joseph 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 their current Franklinville, NY 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.”