Loading…
Bloomberg reported that US holding company Stone Canyon Industries is considering selling packaging firm Mauser Packaging Solutions for up to $8 billion, with talks with advisers possibly starting in the first half of 2022. No final decision has been made.
Stone Canyon Industries, through subsidiary BWAY, agreed to acquire the parent of Industrial Container Services from Centerbridge Partners in a cash-and-stock deal with an enterprise value of about $1.0 billion. Closing is subject to regulatory approvals.
Stone Canyon Industries recapitalized SCI PH Inc., parent of BWAY and Mauser, issuing $850 million of preferred stock to Canyon Capital, PSP Investments, Ontario Teachers' Pension Plan and Arcadia Investment Partners.
BWAY Corporation completed the acquisition of the assets of Ball Corporation's metal packaging business in Hubbard, Ohio, which produces general line, household and specialty metal containers, announced on 27 March 2017.
Dutch packaging company Mauser Group agreed to be acquired by BWAY Corp., backed by Stone Canyon Industries, in an all-cash deal of $2.3 billion. The sale followed a planned U.S. IPO that was pulled.
Stone Canyon Industries signed a definitive agreement to buy Mauser Group N.V., a rigid industrial packaging maker, from Clayton, Dubilier & Rice in an all-cash deal valued at $2.3 billion. Mauser has 4,500 employees and 111 manufacturing facilities across 18 countries.
Stone Canyon Industries, via its BWAY Corp unit, is in exclusive talks to buy industrial packaging company Mauser Group from Clayton Dubilier & Rice for more than $2 billion, though no deal is certain.
