TITLE

MeadWestvaco growing with Calmar buy

AUTHOR(S)
DeRosa, Angie
PUB. DATE
May 2006
SOURCE
Plastics News;5/1/2006, Vol. 18 Issue 9, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Cie. de Saint-Gobain SA has agreed to sell its Calmar Inc. injection molding unit for $710 million in cash to Stamford, Connecticut-based packaging firm MeadWestvaco Corp. The deal is set to close by the end of June. MeadWestvaco will keep the operations and management intact, a spokeswoman said in an April 27 telephone interview. Calmar's global presence also attracted MeadWestvaco because it strengthens the company's world footprint with facilities in Brazil, Colombia, Peru and several European countries, said Mark Weintraub, an equity analyst with Buckingham Research Group Inc. in New York.
ACCESSION #
20777908

 

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