Reynolds Group Holdings, Auckland, New Zealand, this past week announced its intention to acquire the Evergreen Packaging group of companies and the Whakatane Mill from Carter Holt Harvey, also of New Zealand, which is ultimately owned by the owner of Reynolds Group Holdings, Graeme Hart. The acquisitions are expected to occur this month.
The Evergreen Packaging group of companies manufacture fresh carton packaging systems for beverage products, primarily serving the juice and milk end markets. The Whakatane Mill is a paper mill located in New Zealand. The acquisitions are expected to be financed with approximately US$1.75 billion of new debt guaranteed by Reynolds Group Holdings and certain of its subsidiaries as well as certain members of the Evergreen Packaging group of companies.
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