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Packaging Briefs – Friday, October 1, 2010

Article-Packaging Briefs – Friday, October 1, 2010

MWV completes sale of media and entertainment packaging business

MeadWestvaco Corporation announced it has completed the sale of its global media and entertainment packaging business to Atlas Holdings LLC for $68 million in cash, subject to post-closing adjustments. The media business specializes in packaging for DVDs, music and video games and has approximately 1,500 employees.

Accredo Packaging expands manufacturing plant
Accredo Packaging Incorporated is currently planning a $32 million expansion of a newly constructed flexible-packaging manufacturing plant in Sugar Land, Texas. The new plant will be completely powered by wind power.

HLP Klearfold becomes licensee MeadWestvaco's InSight visual package
HLP Klearfold, which earlier this year purchased the Klearfold trademark from MeadWestvaco as part of a rebranding effort, just inked another agreement with the company -- a license to produce the InSight visual package. InSight is the award-winning package best remembered for launching Procter and Gamble's Olay Regenerist product line in 2003.

Blue Gold Beverages, Inc. in negotiations to acquire PET- and nylon recycling company
Blue Gold Beverages, Inc. is in negotiations to purchase a recycling company who's focus is to help clean the earth of Polyethylene Terephthalate (PET) and Type 6/6 Nylon waste. This initiative is in furtherance of the company's' corporate policy of becoming 100% environmentally friendly and reducing its carbon footprint.


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