# Loews agrees to sell 47% stake in Altium Packaging to GIC

Loews Corporation signed a definitive agreement to sell a 47% interest in Altium Packaging, a North American rigid plastic packaging and recycled resin company, to Singapore's sovereign wealth fund GIC, with closing expected within 30 days.

- Type: Acquisition
- Announced: 2021-03-12
- Where: United States
- Status: announced
- Products: rigid plastic packaging, recycled HDPE resin, Dura-Lite bottles
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Loews Corporation](https://endata.com/companies/1253.md) (partner)
- [Altium Packaging](https://endata.com/companies/4811.md) (target)
- [GIC](https://endata.com/companies/7738.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/loews-corporation-adds-gic-as-partner-in-its-packaging-subsidiary-301246421.html), 2021-03-12: "Loews Corporation (NYSE: L) announced today that it has entered into a definitive agreement to sell 47% of Altium Packaging"

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