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Southcorp Ltd., Australia's biggest wine company, agreed to sell its Asia-Pacific packaging unit to the Visy Group.
The plastics packaging unit sells to the pharmaceutical, health care, household, chemical, personal care and food and beverage industries.
The British packaging company Rexam said that it had agreed to acquire the plastic packaging unit of Owens-Illinois for nearly $1.83 billion.
Svenska Cellulosa said it was selling the packaging unit to focus on its hygiene business, which includes feminine care products and baby diapers.
Even before it was acquired by Rio Tinto, Alcan had put up its entire packaging unit for sale, but it could not fetch bids for the whole operation throughout 2007 and 2008.
CROWN CORK & SEAL CO., Philadelphia, a supplier of packaging products, said it planned to sell Risdon Pharma, its pharmaceutical packaging unit, to a company backed by HSBC Private Equity Ltd.
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Women dressed in sarees hurry to the assembling and packaging units.
Georgia-Pacific's credit ratings have been reduced to junk status this year because of low lumber prices and delayed plans to spin off its tissue and packaging units.
AEP INDUSTRIES, South Hackensack, N.J., said it had bought the New Zealand and Australian packaging units of Visy Industries, Melbourne, Australia, and would operate them in a joint venture with DS Smith of London.
Packaging units operate in parallel and may share common resources.
The synthesis of macromolecules having antimicrobial properties is useful in various areas like hospitals, dental equipment, water purification systems, food storage, and food packaging units.
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