Reynolds Group – Agreement to sell Asian packaging operations

USA • The holding has entered into an agreement to sell the Asian packaging operations (excluding Japan) of Closure Systems International (“CSI Asia”) and Graham Packaging Guangzhou Co. Ltd to Pact Group Holdings Limited.The sale price payable on completion is USD 99 million, subject to certain adjustments, including adjustments based upon adjusted EBITDA for the 2017 financial period, closing date net debt and working capital.

The transaction is expected to close in the first quarter of 2018, pending final regulatory approvals and the satisfaction of other customary closing conditions.

Based in Lake Forest, Illinois, Reynolds Group is a global manufacturer and supplier of consumer food and beverage packaging and storage products.