Packaging giant MeadWestvaco Corp. (MWV) acquired Polytop Corp., a closure maker, in a move to expand the company's technologies and global growth.
The acquisition will help publicly traded MWV further strengthen its position in global packaging, said Scott Openshaw, manager of corporate communications for MWV.
"Part of our strategy is remaining open to the right opportunities, and this one brings us new technologies and capabilities to our platform in a way we didn't have before," he said.
Polytop is a designer and manufacturer of dispensing closures for the food, home and garden, and beauty and personal care packaging markets. The company offers a variety of standard dispensing closures, along with producing custom-designed dispensing closures....