Kemira
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Japanese can and plastic bottle manufacturer Toyo Seikan Kaisha is set to acquire US can-making machinery firm Stolle Machinery in a deal worth JPY59.7bn ($775m).
Japanese can and plastic bottle manufacturer Toyo Seikan Kaisha is set to acquire US can-making machinery firm Stolle Machinery in a deal worth JPY59.7bn ($775m).
The company claimed to have reached a deal to buy Stolle from major shareholder GSO Capital Partners.
Toyo Seikan said the acquisition will help it expand overseas and make it into a can and machinery production company.
Stolle, a former subsidiary of aluminium giant Alcoa, supplies two-piece can and end-making machinery for the global can making industry.
Chemistry and Application Expertise for Paper and Board Producers
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