Breaking News on Food and Beverage Processing and PackagingWorldUSEurope

News > Packaging

News in brief

SIG owner plans to buy Reynolds Group

20-Oct-2009

Beverage Packaging Holdings, owner of SIG Combibloc, has announced plans to buy the Reynolds Group in a deal worth $3bn.

Purchase of the Reynolds Group includes the acquisition of Closure Systems International (CSI) Group and Reynolds Consumer Products (RCP) Group. CSI Group is a manufacturer of caps and closures for drinks, while RCP Group makes aluminum foil, warp, and bags.

Funding for the acquisition will come from equity contributions from shareholders of Beverage Packaging Holdings, which is part of the Rank Group, as well as cash from SIG, and newly raised debt.

The transaction is expected to be completed by the end of the fourth quarter of this year.

Key Industry Events

 

Access all events listing

Our events, Events from partners...

On demand Supplier Webinars

High Pressure Processing for Beverages
Avure Technologies
Bottling solution for Liquid dairy products
GEA Process Engineering Inc.
All supplier webinars