Container co.'s $34m sale/leaseback.

Angelo, Gordon & Co.'s dedicated Net Lease Group announced has acquired five of Consolidated Container Company's manufacturing and distribution facilities located in Santa Ana, CA, Tracy, CA, Baltimore, MD, Elizabeth, N J, and Monroe, NJ for $34.3 million.

CCC is a portfolio company of New York-based Vestar Capital Partners.

Consolidated Container Company, which was formed in 1999, is a leading North American developer, manufacturer and marketer of rigid plastic containers for many of the largest branded consumer products and beverage companies in the world. Clients include Dean Foods, Nestle Waters North America, The Procter & Gamble Company and The Scotts Company.

"Like other financing alternatives, the availability of capital for sale-leasebacks is severely constrained today," said Gordon J. Whiting, founder and chief portfolio manager of AG Net Lease. "As this deal shows, we continue to close complex transactions with leading sponsors and their portfolio companies. We will remain very active closing sale-leasebacks in the remainder of the year and throughout 2009."

Jim Kelley, president of Vestar Capital Partners, said, "This is the second time we have partnered with AG Net Lease for sale-leaseback financing. They have demonstrated superior execution skills and we look forward to working with the team in the future."