M&As this week: Golden West Packaging Group, Tata Capital Markets

22 June 2017 (Last Updated June 22nd, 2017 18:30)

Golden West Packaging Group (GWP) has completed the acquisition of custom packaging company PackageOne.

Golden West Packaging Group (GWP) has completed the acquisition of custom packaging company PackageOne.

Both the companies involved in the transaction are based in the US.

On behalf of Harmony Gowell, Singapore-based investment banking company Tata Capital Markets has entered an agreement with China Flexible Packaging Holdings Limited (CFPHL) to acquire the remaining 48.1% stake in CFPHL for SG$1.25 ($0.90) a share in cash.

Harmony Gowell is a Hong Kong-based special-purpose vehicle that holds 51.9% voting rights of CFPHL with more than seven million shares.

Based in Bermuda, CFPHL is engaged in the manufacturing of plastic packaging films, synthetic papers and high-barrier films.