RICHMOND, Va.--(BUSINESS WIRE)--Apr. 30, 2015--
MeadWestvaco Corporation (NYSE:MWV),
a global leader in packaging and packaging solutions, today announced
the completion of the previously announced sale of its European-based
tobacco folding carton business to AR Packaging Group AB. Terms of the
sale were not disclosed.
Included in the sale were operations at three facilities in Graz,
Austria; Krakow, Poland; and Moscow, Russia, which manufacture and print
hinge-lid boxes, display cartons, and high-impact cigarette packaging,
as well as folding carton packaging for some chocolate confectionery and
consumer apparel segments in western and eastern Europe. Also included
in the sale is the tobacco and confectionery folding carton business
currently served by MWV’s plant in Svitavy, Czech Republic. The Svitavy
plant will remain part of MWV, and the company will also continue to
produce high-quality solid bleached sulfate (SBS) paperboard for global
tobacco end markets at its Covington, Virginia, paperboard mill in the
Deloitte Corporate Finance LLC served as adviser to MWV.
MeadWestvaco Corporation (NYSE:MWV) is a global packaging company
providing innovative solutions to the world’s most admired brands in the
healthcare, beauty and personal care, food, beverage, home and garden,
tobacco, commercial and specialty printing, and agricultural industries.
The company also produces specialty chemicals for the automotive,
energy, and infrastructure industries and maximizes the value of its
development land holdings. MWV’s network of 125 facilities and 15,000
employees spans North America, South America, Europe and Asia. Learn
more at mwv.com.
Source: MeadWestvaco Corporation
Jason Thompson, +1-804-444-2556