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Packaging Briefs – Friday, September 3, 2010

Article-Packaging Briefs – Friday, September 3, 2010

Reynolds Group Holdings Limited to acquire Reynolds Food and Flexible Packaging group of companies

On September 1, 2010, Reynolds Group Holdings Limited acquired the Reynolds Food and Flexible Packaging group of companies from Reynolds Packaging (NZ) Limited, a New Zealand company which is ultimately owned by the owner of the RGHL, Mr. Graeme Hart. The consideration for the acquisition was approximately US$300 million subject to adjustments in certain circumstances. The consideration was financed from the existing cash reserves of the RGHL group of companies.

PrePak acquires TestPak Packaging and Logistics Company
PrePak Holdings Inc. announced it has successfully acquired TestPak, a health care supply chain company in Whippany, N.J. PrePak Holdings, a group of companies focused on contract manufacturing and packaging, completed the transaction on Aug. 31. TestPak is a contract packaging company and health care supply chain solution provider focused on pharmaceuticals. TestPak, founded in 1983, offers a wide range of contract packaging, development and logistics services to clients in the pharmaceutical, nutritional and consumer products industries.

Cone Drive turns 85
Cone Drive Gearing Solutions is celebrating its 85th year of operations. Cone Drive, a manufacturer of gearing products and developer of custom engineered gearing solutions, has long been known for its double-enveloping worm gear, a durable and precise design that produces higher-torque in a smaller package. Eager to explore a new era of industry, the company is developing products for applications in emerging market segments like solar and renewable energy.

KapStone Paper and Packaging Corporation to present at UBS Global Paper and Forest Products Conference

KapStone Paper and Packaging Corporation  announced that Matt Kaplan, president, and Andrea Tarbox, chief financial officer, will present a company overview at the UBS Paper and Forest Products Conference on Wednesday, September 15, 2010 at 11:15 a.m. ET in New York City.

DGP Group rebrands as Intelsius and announces launch of new packaging system
Formerly DGP Group, Intelsius, a global manufacturer and distributor of environmentally safe, temperature-controlled and regulatory-compliant packaging solutions, announced the completion of its corporate rebranding efforts, including a new corporate identity, logo and redesign of its flagship website.


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