ASG Acquires Consumer-Packaging Business From MeadWestvac - Quick Facts

(RTTNews) - ASG, global specialty-packaging manufacturer, announced it has acquired the Bydgoszcz, Poland-based beauty and personal care folding carton business of MeadWestvaco Corp. (MWV). Terms of the transaction were not disclosed.

Bydgoszcz is a supplier of packaging to major global and regional consumer goods companies, including cosmetics and beauty brands. ASG, already one of the largest packaging suppliers for the home entertainment industry, will leverage the Bydgoszcz operation's assets to expand its footprint in the European consumer-packaging market.

Mike Jackson, Chairman of ASG's Board of Directors, stated that the acquisition will make ASG more competitive and help the company better meet the needs of demanding consumer brands and existing customers.

All 320 of the current employees will continue working at the Bydgoszcz facility.