# Stone Canyon Industries agrees to acquire Industrial Container Services from Centerbridge for $1.0 billion

Stone Canyon Industries, through subsidiary BWAY, agreed to acquire the parent of Industrial Container Services from Centerbridge Partners in a cash-and-stock deal with an enterprise value of about $1.0 billion. Closing is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2018-06-15
- Where: United States
- Value: $1.00B
- Status: announced
- Products: industrial rigid packaging, container management services
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Stone Canyon Industries](https://endata.com/companies/527.md) (acquirer)
- [BWAY Corp](https://endata.com/companies/528.md) (acquirer)
- [Industrial Container Services](https://endata.com/companies/3450.md) (target)
- [Centerbridge Partners](https://endata.com/companies/3451.md) (partner)

## Sources

- [mauserpackaging.com](https://mauserpackaging.com/mauser_news/stone-canyon-industries-announces-agreement-to-acquire-industrial-container-services-from-centerbridge/), 2018-06-15: "The transaction, which is comprised of cash and stock consideration payable to ICS shareholders, has an enterprise value of approximately $1.0 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.