Daily News: June 20, 2014

Deloitte Advises MeadWestvaco on Carve-out Transaction

Deloitte Corporate Finance said it acted as exclusive financial advisor to MeadWestvaco Corporation, a diversified global packaging company, in the sale of its European beauty and personal care folding carton operation to AGI Shorewood Group, a specialty packaging company.

“DCF’s understanding of the packaging industry was critical in helping us execute a divestiture that produced a solid result for our shareholders, customers, and employees. This is the third time that DCF has advised us on a divestiture, and we value their industry expertise, carve-out process, and collaborative approach,” said Peter Durette, senior vice president home, health & beauty packaging, MWV.

“We have been fortunate to advise MWV on three transactions in the last four years, and have developed strong relationships with MWV’s team. We look forward to continuing the relationship with MWV in the future and maintaining DCF’s strong presence in the packaging industry,” said Will Frame, managing director, Deloitte Corporate Finance.