Reuters - Sun European Seals Two Packaging Deals Worth $700M

Private equity firm Sun European Partners has sealed two acquisitions in the packaging sector totaling around $700 million, helping to consolidate an industry battling to cut costs to cope with faltering demand. Sun European, an arm of U.S.-based Sun Capital, said on Wednesday it had received regulatory approval to buy the cosmetics division of Rexam's personal care business and that it was also buying Paragon Print and Packaging. The deals bring Sun Capital's total number of deals in the packaging sector globally to 34 since its inception in 1995.

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