MeadWestvaco Corporation yesterday announced that it is expanding its capabilities in targeted packaging end-markets with the acquisition of Polytop Corporation, an innovative leader in the design and manufacturing of dispensing closures. The acquisition was completed on December 30. Terms of the acquisition were not disclosed.
“The acquisition of Polytop extends our participation in attractive packaging end-markets that we have targeted for profitable growth around the world,” said John A. Luke, Jr. MWV chairman and chief executive officer. “With Polytop, we are expanding the innovative capabilites that we can bring to the world’s leading brand owners to meet their global packaging needs.”
Polytop’s offices and manufacturing facilities, located in Slatersville, Rhode Island, will remain in full operation and become an part of MWV’s primary plastic operations and global manufacturing platform.
The Polytop management team will remain in place and all 180 Polytop employees will become MWV employees.
