Alexander Toeldte, president and CEO of Boise, said: “We are pleased to complete this acquisition and welcome Hexacomb employees to Boise. Hexacomb expands our position in the protective packaging market, provides a platform for further growth, steps up our vertical integration within our container board business, and delivers synergies with limited execution risk.”
In 2010, Hexacomb had revenues of $102m and converted approximately 60,000 tonnes of container board. The $125m transaction was financed through cash on hand.
Source: Boise Inc
© FoodBev Media Ltd 2024