# Blackstone to acquire China-based cosmetics packaging maker ShyaHsin for $800-900 million

Blackstone Group has reportedly agreed to acquire ShyaHsin Packaging (China) for about $800 million to $900 million, according to sources cited by Reuters, and is arranging about $600 million of loan financing. The report was dated November 10, 2017.

- Type: Acquisition
- Announced: 2017-11-10
- Where: China
- Value: $800.0M
- Status: rumored
- Products: cosmetics packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (acquirer)
- [ShyaHsin Packaging (China)](https://endata.com/companies/2365.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/blackstone-buys-china-based-packager-shyahsin-in-800-900-million-deal-sources-idUSKBN1DA0PO/), 2017-11-10: "Global asset manager Blackstone Group LP has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging (China) Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.