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Company makes containers for beverages, food, and household chemicals.

By Reuters
April 11, 2017

Loews Corp, a hotel, energy and financial services conglomerate, said on Tuesday it would buy plastic packaging manufacturer Consolidated Container Co from Bain Capital Private Equity for about $1.2 billion.

The deal is expected to be funded with about 50 percent cash on hand and 50 percent debt, Loews said in a statement.

Consolidated Container provides packaging solutions for beverage, food, and household chemicals. It will be a part of a newly-created segment called Loews Packaging Group.

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