Analyst Research

Report Title Price
Provider: Stock Traders Daily
Provider: Stock Traders Daily
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Meadwestvaco Corp Completes Acquisition Of India-based Ruby Macons Limited

Monday, 3 Dec 2012 05:00pm EST 

Meadwestvaco Corp announced that the completion of the purchase of Ruby Macons Limited ("Ruby Macons"). The India-based producer of high-quality corrugated packaging materials becomes a central component of MWV`s packaging platform in India and a key element of the Company`s plans to grow in emerging markets. The transaction was completed on Nov. 30, 2012 and financial results for Ruby Macons will be reported as part of MWV`s Industrial Packaging segment. Ruby Macons is the market leader in corrugated packaging materials in India. The company currently produces over 150,000 tons of containerboard annually at two mills containing three paper machines in and around the city of Vapi, Gujarat. These assets, as well as a significant expansion project underway, will significantly increase capacity and accelerate MWV`s profitable growth in this fast growing region. Under the terms of the transaction, all Ruby Macons employees will become MWV India employees and the Ruby Macons management team will remain in place, including Mr. Ashraf Nathani, managing director, Ruby Macons, who becomes vice chairman and president of the business. 

Company Quote

-0.06 -0.14%
25 Jul 2014