Saxco International Inc., world-wide packaging specialists for the
wine and spirits industry, has purchased the packaging distribution
assets of Wine Bottle and Packaging Inc. of Toronto, Canada, for an
undisclosed sum, it was announced here today. Wine Bottle and Packaging
is one of the leading distributors of packaging materials for the wine
and specialty foods industries in Canada.
In making the announcement, Herbert L. Sachs, president of Saxco
International, says that the packaging distribution business formerly
conducted by Wine Bottle will be operated by Saxco Canada Co., Saxco
International's subsidiary.
"In addition," he notes, "the
acquisition coincides with Saxco International being appointed by
Consumers Glass of Toronto as exclusive distributor for most of the
wineries in Canada, outside of British Columbia."
"Both the acquisition and the exclusive
distributorship arrangement will offer us the opportunity to greatly
strengthen and expand our business throughout North America," Sachs
notes. "We are very excited and enthusiastic about both
opportunities."
"Also," he states, "the current
management and staff at Wine Bottle and Packaging will remain in place
and will be strengthened by additional hires."
Saxco International has more than 20 years of industry
experience, providing a broad range of packaging products and services
to the liquor and wine industries. In addition to supplying packaging
enhancement products, the company�s services include expert
consultation from development to design. SAXCO is headquartered in
suburban Philadelphia, Pennsylvania, with sales offices in New
Brunswick, New Jersey; Boston, Massachusetts; Cincinnati, Ohio;
Louisville, Kentucky; Redwood City, California; Tampa, Florida; and Hook
Hampshire, England. Additional details at (215) 443-8100, fax (215)
443-8370.
