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US-based Sealed Air Corp has announced the sale of its rigid medical packaging business to a private equity firm for around US$125 million. The sale, to Mason Wells Buyout Fund III, is expected to be completed by the end of the year subject to approvals.
Packaging and liquid dispensing solutions supplier, Comar, has completed its recapitalisation with private investment firm Graham Partners, which will provide access to additional capital and resources to support Comar's global expansion plans and broaden the company's product development and manufacturing capabilities in North America.
Consumers could be misled or confused by a recent decision by the US Food and Drug Administration (FDA) that food additive regulations no longer provide for the use of bisphenol A (BPA)-based epoxy resins as coatings in infant formula packaging, according to canmaking industry group The North American Metal Packaging Alliance (NAMPA).