Market Overview

MeadWestvaco to Acquire India's Ruby Macons

MeadWestvaco Corporation (NYSE: MWV) today announced a definitive
agreement with Mr. Alibhai Nathani and family to purchase Ruby Macons
Limited (“Ruby Macons”), India's top producer of corrugated packaging
materials and a leader in the country's growing industrial packaging
industry. Terms of the transaction were not disclosed.

“The acquisition of Ruby Macons extends our participation in India,
strengthening our presence in a market that we have targeted for
profitable growth,” said John A. Luke, Jr., chairman and chief executive
officer, MWV. “The Nathani family and the Ruby Macons leadership team
have built a very successful business and established a best-in-class
operation that

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

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