Madison Dearborn's BWAY Selling Plastic Bottle Business

Madison Dearborn Partners-backed BWAY, a manufacturer of rigid metal, plastic and hybrid containers, has entered into a definitive agreement to sell its plastic bottle business to Ring Container Technologies. BWAY's blow-molded plastic bottle business makes a variety of plastic bottles ranging in size from one gallon to ten liters, primarily for the agricultural and chemicals markets. Madison Dearborn acquired BWAY through a public-to-private LBO in July 2010.