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Carlyle Group is reportedly set to buy Chinese packaging firm HCP for about $1 billion from owner Baring Private Equity Asia. The deal is reported to be expected to complete in the coming months.
HCP Group held an official opening ceremony on October 29, 2019, for a newly completed 37,000 m2 factory at its Huai'an location in Jiangsu province. The facility adds injection molding and decoration capacity for cosmetics packaging.