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Singapore wealth fund buys 47% of blow molder Altium


Singapore wealth fund buys 47% of blow molder Altium
Altium
Altium has shipped more than 1 billion of its Dura-Lite bottles throughout the U.S. and Canada for its customers.
Loews Corp. said March 12 it is selling 47 percent of blow molder and recycler Altium Packaging LP to GIC, Singapore s sovereign wealth fund.
Atlanta-based Altium, which ranked fourth on
Plastics News listing of North American blow molders with $1.525 billion in related sales, said having GIC as an investor along with Loews will help its growth strategy.
Having Loews and GIC, two world-class institutions, as our partners will be invaluable as we continue to pursue our growth strategy and seek accretive acquisitions that add further scale and end-market diversification, President and CEO Sean Fallmann said. ....

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Household Food Storage Containers Market to Develop Rapidly by 2029: Sealed Air Corporation, Tupperware, Owens-Illinois, Ardagh, Berry, and others. – KSU


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