US-based holding company Stone Canyon Industries is reportedly planning to sell packaging company Mauser Packaging Solutions for up to $8bn.
Bloomberg reported that the firm is currently holding talks with advisers on the potential sale, which could start in the first half of this year.
Sources said that a final decision has not been made and there is no guarantee that the sale will take place.
Mauser Packaging Solutions was formed in 2018 through the combination of Mauser Group, BWAY, National Container Group and Industrial Container Services.
The company owns a network of manufacturing, reconditioning and recycling facilities to offer solutions across the packaging lifecycle, employing more than 11,000 people in total.
It specialises in packaging solutions made from recycled content, as well as reconditioning, reuse, recycling and professional disposal services.
These include large and small metal, plastic, fibre and hybrid packaging solutions for the food, beverage, personal care, pharmaceutical, chemical, petrochemical, agrochemical and paint industries among others.
Mauser Packaging Solutions has more than 1,000 global patents and manages more than 180 sites worldwide.
Last year, the company acquired Global Tank, a firm that reconditions industrial packaging, through NCG-Maider, a joint venture between Mauser Packaging Solutions and Maider Holding.
The acquisition of Global Tank was intended to extend Mauser’s industrial packaging product and service portfolio in the Italian market while strengthening its position in the global reconditioning market.
In 2020, Mauser invested in a gallon-sized F-style metal can line at its facility in Memphis, Tennessee, to boost its production of quart and gallon-sized F-style metal cans.
Stone Canyon is engaged in buying and merging companies involved in packaging, transportation and salt industries.
Last year, the company acquired K+S’ Americas business, including its Morton Salt unit, through Stone Canyon’s portfolio company Kissner Group.
Based in Chicago, Morton Salt produces salt for culinary, water softening, household, road deicing, food processing, chemical, pharmaceutical and other uses.