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MeadWestvaco, Rock-Tenn Join to Form $16B Packaging Behemoth

2015-01-26 13:46:17| Industrial Machines - Topix.net

Rock-Tenn and MeadWestvaco will join forces to create a $16 billion packaging company, driving down its own costs and possibly gaining the scale to better dictate prices. The company, which had not been named as of Monday, will have combined sales of $15.7 billion and its board will include eight directors from Rock-Tenn and six directors from MeadWestvaco.

Tags: form join packaging 16b

MeadWestvaco Rock-Tenn join to form $16B packaging company

2015-01-26 12:46:25| Industrial Machines - Topix.net

As part of the deal, MeadWestvaco Corp. stockholders will receive 0.78 shares of the combined company for each share they own. Rock-Tenn shareholders will be allowed to choose either 1 share of the combined company or a specific cash amount for each RockTenn share held.

Tags: form company join packaging

Sasol clears permitting hurdle to begin construction of $16B to $21B...

2014-08-30 16:30:39| Chemicals - Topix.net

A rendering of the proposed gas-to-liquid facility, part of a $16 billion to $21 billion complex in Westlake being developed by South African energy and chemical company Sasol Ltd. The U.S. Army Corps of Engineers this week approved the company's wetland modification permit to build gas-to-liquids and ethane cracker facilities in Calcasieu Parish.

Tags: to construction begin permitting