US-based manufacturer of packaging products Boise has announced the planned acquisition of the Hexacomb protective packaging business, Pregis, for $125m.

Boise president and CEO Alexander Toeldte said the acquisition provides an opportunity to expand in packaging markets and that Hexacomb provides a substantial step up in vertical integration within the company’s existing packaging business.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Boise hopes to close the transaction by the end of 2011 or early 2012.

Hexacomb, a provider of kraft paper-based honeycomb protective packaging products reported revenues of $102m and converted about 60,000t of containerboard in 2010.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Packaging Gateway Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Packaging Gateway Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now