Golden West Packaging Group (GWP) has completed the acquisition of custom packaging company PackageOne.
Both the companies involved in the transaction are based in the US.
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On behalf of Harmony Gowell, Singapore-based investment banking company Tata Capital Markets has entered an agreement with China Flexible Packaging Holdings Limited (CFPHL) to acquire the remaining 48.1% stake in CFPHL for SG$1.25 ($0.90) a share in cash.
Harmony Gowell is a Hong Kong-based special-purpose vehicle that holds 51.9% voting rights of CFPHL with more than seven million shares.
Based in Bermuda, CFPHL is engaged in the manufacturing of plastic packaging films, synthetic papers and high-barrier films.
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By GlobalData
