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2005 looks strong for M&A activity: Part 2 of 2.(Special Report)

Publication: Plastics News
Publication Date: 17-JAN-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Joseph Pryweller

Packaging

* Solo Cup Co. buys Sweetheart Cup Co.

* Blackstone Group buys most blow molding assets of Owens-Illinois Inc.

* Warburg Pincus International LLC buys Clondalkin Group Holdings Ltd.

* Bway Corp. of Atlanta buys North American Corp. of...

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...Packaging Raleigh, N.C.

Several blockbuster deals ruled the packaging market in 2004. Highland Park, Ill.-based Solo's purchase of its rival, disposable cup and plate maker Sweetheart in Owings Mills, Md., was a shocker, while the sale of Toledo, Ohio-based O-I's blow molding assets to New York-based Blackstone was anticipated for months. Blackstone is integrating those assets with Blackstone-owned Graham Packaging Co. LP.

Outside North America, the sale of Dublin, Ireland-based Clondalkin to New York equity firm Warburg Pincus was major news. Clondalkin owns film extruder and converter Fortune Plastics Inc. of...

NOTE: All illustrations and photos have been removed from this article.



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