MAUSER Group Acquires North American Container Manufacturer and Service Provider

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 16, 2012 -- MAUSER will take over the Plastic Packaging part, which includes HDPE Tight Head and Open Head drums made out of virgin as well as of PCR resin (Post Consumer Resin), while NCG will assume the reconditioning activities of Varicon as part of an asset deal. This transaction is in line with the company’s “buy-and-build” strategy.

Varicon is well-known as a manufacturer, particularly of containers made out of PCR resin, and as a service provider of plastic drums and IBCs. The company operates two locations – one in Greenville, South Carolina, and another one in Cleveland, Ohio. Following the acquisition, the production volumes of Varicon will be transferred to existing MAUSER/NCG facilities.
With the acquisition of Varicon, MAUSER Group will strengthen its market leadership in North America and further enhance its “life cycle management strategy for packaging”. “This acquisition is another milestone supporting our worldwide growth strategy and enables us to meet the increasing requirements for plastic packaging made out of PCR resin including all related services in the Southeastern US,” says Jeff Simmonds, SBU Manager North America, MAUSER Group.

“In line with the global sustainability approach of MAUSER NCG, customers benefit from combining economy with ecology, which gets more and more important in today’s businesses,” explains Hans-Peter Schaefer, CEO of MAUSER Group.

About MAUSER Group

MAUSER Group is a worldwide leading producer of industrial packaging with approx. 4,000 employees and consolidated revenue of some EUR 1 billion. Founded in 1896 and headquartered in Bruehl near Cologne (Germany), the company has influenced the international market through innovative packaging technologies. The portfolio for customers in the chemical, agrochemical, petrochemical, and pharmaceutical sectors as well as in the food and beverage industries includes plastic packaging, fibre drums, steel drums, Intermediate Bulk Containers (IBC), and reconditioning services through the National Container Group (NCG), a MAUSER subsidiary. MAUSER therefore provides sustainability- oriented full cycle services – from production to recycling (“ECO-CYCLE”). With 60 MAUSER/NCG sites and multiple Joint Ventures in Europe, the Americas and Asia plus two licensee networks for plastic and steel packaging, the company is a presence around the globe. www.mausergroup.com

About National Container Group (NCG)
The MAUSER Group subsidiary was founded in 1988 in North America where it established the first nationwide recollect service for IBCs. The company’s recollect service has been expanding continuously since then and today operates a comprehensive network of strategic locations for a worldwide recollect service, making MAUSER one of the leading global collectors and recyclers of industrial packaging. www.ncg-europe.com

Further Information:
Mauser-Werke GmbH
Claudia Kreuels

Global Communications Manager Schildgesstr. 71-163
50321 Bruehl, Germany
Tel.: +49 (0)2232-78-1026
Fax: +49 (0)2232-78-19 10 26
claudia.kreuels@mausergroup.com
www.mausergroup.com

PSM&W Kommunikation GmbH
Birgit Woelker / Annette Spiegel
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60487 Frankfurt am Main, Germany
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mauser@psmw.de
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