"Packaging behemothic MeadWestvaco Corp. (MWV) acquired Polytop Corp.,
Packaging behemothic MeadWestvaco Corp. (MWV) acquired Polytop Corp., a plastic mould company maker, in a move to aggrandize the aggregation's technologies and all-around advance.
The accretion will advice about traded MWV added strengthen its position in all-around packaging, said Scott Openshaw, administrator of accumulated communications for MWV.
"allotment of our action is actual accessible to the appropriate opportunities, and this one plastic mould accompanys us new technologies and capabilities to our belvedere in a way we didn't accept afore," he said.
Polytop is a artist and architect of dispensing ceases for the aliment, home and garden, and adorableness and claimed affliction packaging markets. The aggregation offers a array of accepted dispensing ceases, forth with bearing custom-architectureed dispensing ceases.
The Polytop administration aggregation will abide in abode, forth with all of the 180 Polytop advisers. In accession, Polytop's offices and accomplishment accessories based in Slatersville, RI, will abide to accomplish.
With about 17,500 advisers common, MWV offers plastic mold chip packaging solutions from actual development, to primary and accessory packaging architecture and converting, to accouterment development and abutment, to added than 30 countries.
"We accept an advancing advance action that targets added than $1 billion of accessional acquirement over the next three to 5 years through initiatives centered on bartering arete, addition and arising markets that we will augment with bolt-on accretions that accompany us new technologies or capabilities," declared MWV administrator and CEO John Luke Jr. in the account absolution.
This accretion was completed on Dec. 30, and the agreement were not appear.
The accretion will advice about traded MWV added strengthen its position in all-around packaging, said Scott Openshaw, administrator of accumulated communications for MWV.
"allotment of our action is actual accessible to the appropriate opportunities, and this one plastic mould accompanys us new technologies and capabilities to our belvedere in a way we didn't accept afore," he said.
Polytop is a artist and architect of dispensing ceases for the aliment, home and garden, and adorableness and claimed affliction packaging markets. The aggregation offers a array of accepted dispensing ceases, forth with bearing custom-architectureed dispensing ceases.
The Polytop administration aggregation will abide in abode, forth with all of the 180 Polytop advisers. In accession, Polytop's offices and accomplishment accessories based in Slatersville, RI, will abide to accomplish.
With about 17,500 advisers common, MWV offers plastic mold chip packaging solutions from actual development, to primary and accessory packaging architecture and converting, to accouterment development and abutment, to added than 30 countries.
"We accept an advancing advance action that targets added than $1 billion of accessional acquirement over the next three to 5 years through initiatives centered on bartering arete, addition and arising markets that we will augment with bolt-on accretions that accompany us new technologies or capabilities," declared MWV administrator and CEO John Luke Jr. in the account absolution.
This accretion was completed on Dec. 30, and the agreement were not appear.
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