Loews Corp., a hotel, energy, and financial services conglomerate, is buying plastic packaging manufacturer Consolidated Container Co. (CCC) from Bain Capital Private Equity for approximately US$1.2 billion.
The deal is expected to be funded with about 50 per cent cash on hand and 50 percent debt, Loews said in a statement.
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Assessing Global Sustainable Packaging Challenges
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Toray Plastics Helps University of Rhode Island Break Ground on $125-Million Engineering Complex
On April 24, Toray Plastics (America) Inc. (North Kingstown, RI) President and CEO Mike Brandmeier along with Rhode Island Governor
The Ellen MacArthur Foundation and NineSigma Announce $1 Million Circular Materials Challenge to Catalyze a New Plastics Economy
From food wrappers to shampoo bottles, plastics are all around us, and the demand for them is expected to double in the next 20 years.
Food Markets for Converted Flexible Packaging to Reach $15.5 Billion
Food markets for converted flexible packaging accounted for 71% of total demand in 2016 and are expected to rise to $15.5 billion in 2021.