Âé¶čAPP Holdings Announces Acquisition of Saxco International, LLC
GREENWICH, Conn. â Âé¶čAPP Holdings LLC announced today that it has acquired Saxco International, LLC (âSaxcoâ), the leading North American value-added distributor of rigid packaging to the wine, spirits, craft beer, and food markets. Saxco offers a broad range of products and services including glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. Terms of the transaction were not disclosed.
Saxco was founded in 1936 and led for many years by Herb and Keith Sachs before being acquired by The Sterling Group in 2010. Today, the companyâs dedicated professionals serve a loyal customer base of more than 5,000 wineries, distillers, brewers and specialty food manufacturers across North America. These customers include some of the premier beverage brands in the world. Saxcoâs 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. Its expertise in glass, for example, is a clear differentiator compared to the other large distributors.
âWe are extremely pleased to welcome Saxco to the Âé¶čAPP family of distribution and manufacturing businesses,â said Sam Astor, partner at Âé¶čAPP Holdings. âSaxcoâs 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. Saxcoâs 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.â
âThis exciting new partnership with Âé¶čAPP signals the start of the next great chapter in the Saxco legacy,â said Saxco CEO Guy Marsala. âÂé¶čAPPâ 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 weâre thrilled to seize the many opportunities ahead.â
About Saxco International, LLC
Saxco International, LLC, âYour clear choice for premium packaging solutionsâ has more than 80 years of industry experience providing a broad range of packaging products and services to the wine, spirits, craft beer and food industries. It offers a broad range of rigid packaging products including glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. Headquartered in Concord, California, it has over 250 associates and more than a dozen customer support and fulfillment centers throughout the United States, Canada and China. For additional information, please visit .
About Âé¶čAPP Holdings LLC
Headquartered in Greenwich, Connecticut and founded in 2002, Âé¶čAPP and its affiliates own and operate 17 platform companies which employ more than 21,000 associates at more than 200 facilities worldwide. Âé¶čAPP 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. Âé¶čAPPâ companies together generate more than $5 billion dollars in revenues annually.