News reports circulating on the Internet that Coca-Cola is launching its iconic carbonated soft drink in biodegradable plastics bags in many countries, have been dismissed as untrue by the global beverage giant.
Packaging converter Rexam is to sell its Personal Care business for US$709 million (£452m).
The business is to be sold in two parts: the Cosmetics, Toiletries and Household care products business (CTH) to an affiliate of private equity firm Sun Capital Partners for $459m in cash; and the High Barrier Food packaging business (HBF) to a subsidiary of Silgan Holdings for $250m in cash.
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