Sentence examples for packaging divisions from inspiring English sources
The biggest check Rio Tinto has received so far from its clearance sales was for divesting its business in Alcan's pharmaceuticals, global tobacco and food packaging divisions for $2.0 billion to Amcor in August of this year.
Last year, JPMorgan Partners invested $200 million as part of a group that acquired the packaging division of the Huntsman Corporation.
From 500 employees in communist times, the company – which also has a packaging division – now has 2,000 workers, 400 of them in the music division that a decade ago employed just 50 people.
Sturm wanted to keep Kiewit diversified; that meant making other acquisitions and holding onto Continental's packaging division.
Rio acquired Alcan's packaging division, along with its aluminum assets back in 2007, paying top dollar at a time when commodity prices were at record highs.
It's paying a multiple of 6.7 times the expected earnings before tax and interest for the assets, which account for 23% of the entire Alcan packaging division that Rio acquired during the $38 billion takeover of the Canadian miner.
To retain Rio Tintos sharp focus on mining and metals, the combined entity would divest Alcan's packaging division and undergo a strategic review of Rio Tinos assets to whittling down those deemed lacking long-term competitiveness.
After seeing its plans to sell off Alcan's packaging division squashed by the credit crunch, Rio Tinto has chosen the next best alternative: selling the assets bit by bit.
The sale to Vale doesnt guarantee that Rio will be able to dispose of sufficient assets, including the assets and packaging division it acquired through a $38.9 billion takeover of Canada's Alcan.
The company said that its plans for a "full de-merger" of its paper and packaging division were progressing and that it was continuing with a phased exit strategy from its 41.8% stake in Anglogold.
If there's a cloud on Sealed Air's horizon, it's from the purchase of W.R. Grace's Cryovac packaging division two years ago for stock and $1.2 billion in cash.
