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Loews Corp. announces a $1.2 billion deal with Bain Capital Private Equity to acquire Consolidated Container Co., a packaging business deemed resistant to technological disruption. Loews sees the packaging industry as a fragmented market with strong cash flows. This acquisition aligns with Loews' strategy and diversifies its business portfolio, which includes insurance, energy, and hospitality sectors. The move aims to capitalize on the industry's stability and cash generation potential.
Tuesday, 11 April, 2017