Thursday, February 23, 2012: 12:16:35 PM

MWV Acquires Polytop Corporation to Strengthen Position in Global Packaging

MeadWestvaco Corporation announced that it is expanding its capabilities in targeted packaging end-markets with the acquisition of Polytop Corporation, an innovative leader in the design and manufacturing of dispensing closures.

‘The acquisition of Polytop extends our participation in attractive packaging end-markets that we have targeted for profitable growth around the world’, said John A. Luke, Jr. MWV Chairman and Chief Executive Officer. ‘With Polytop, we are expanding the innovative capabilities that we can bring to the world’s leading brand owners to meet their global packaging needs.’

Polytop is a leading designer and manufacturer of dispensing closures serving leaders in the food, home and garden and beauty and personal care packaging markets. In addition to offering a range of standard  dispensing closures including its Spouted (Turret Cap), Tube and Polycam® (flip tops, hinged) lines, Polytop also  produces custom-designed dispensing closures.

‘We see this as an excellent opportunity for Polytop Corporation,’ said William Masser, retiring Polytop Chief Executive Officer.  ‘Combining with MWV allows us to better serve the  needs of our customers by broadening the range of dispensing products and expanding the technologies we can now offer and doing so on a global basis.’

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