80+ Year Old Saxco International Packaging Company Sold to Atlas Holdings
You may not see their name on the bottle at the local liquor store but Saxco International has been holding many of the world’s favorite beers, wines and distilled spirits since just after Prohibition. The company headquartered in Concord, California has announced it’s been acquired by Atlas Holdings LLC of Greenwich, Connecticut.
Saxco is a value-added distributor of rigid packaging to the wine, spirits, craft beer, and food markets. It offers a broad range of products and services including glass, metal, and plastic containers, capsules, closures, custom packaging and mold development.
Saxco was founded in 1936 and led for many years by Herb and Keith Sachs before being acquired by The Sterling Group in 2010. The company serves a customer base of more than 5,000 wineries, distillers, brewers and specialty food manufacturers across North America. Saxco’s broad product line and distribution capabilities are complemented by a differentiated suite of other services, from brand and packaging design to warehouse and logistics management.
“We are extremely pleased to welcome Saxco to the Atlas family of distribution and manufacturing businesses,” said Sam Astor, partner at Atlas Holdings. “Saxco’s proud heritage and sector expertise position the company well for sustained growth, particularly as specialty brands and craft producers gain market share across all beverage categories. There are eight times as many breweries in the U.S. as there were a decade ago, and seven times as many distilleries. The number of wineries during this period has also continued to grow steadily. Saxco’s leadership team and dedicated workforce will now have the added capital and support to meet this growing demand by delivering value-added, superior customer service.”
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“This exciting new partnership with Atlas signals the start of the next great chapter in the Saxco legacy,” said Saxco CEO Guy Marsala. “Atlas’ proven record of investing the human and financial capital to strengthen fundamentally strong businesses is a perfect fit for where Saxco is today. The future of our business got brighter today, and we’re thrilled to seize the many opportunities ahead.”
Terms of the transaction were not disclosed.
Atlas Industries, founded in 2002, owns and operates 17 platform companies which employ more than 21,000 associates at more than 200 facilities worldwide. Atlas operates in sectors such as aluminum processing, automotive, building materials, capital equipment, construction services, paper and packaging, power generation, pulp, supply chain management and wood products. Atlas’ companies together generate more than $5 billion dollars in revenues annually.