M&A Deal Summary

Reynolds Food Packaging Acquires Ivex Packaging

On February 24, 2003, Reynolds Food Packaging acquired packaging company Ivex Packaging from Alcoa

Acquisition Highlights
  • This is Reynolds Food Packaging’s 1st transaction in the Packaging sector.
  • This is Reynolds Food Packaging’s 1st transaction in the United States.
  • This is Reynolds Food Packaging’s 1st transaction in Illinois.

M&A Deal Summary
Date 2003-02-24
Target Ivex Packaging
Sector Packaging
Buyer(s) Reynolds Food Packaging
Sellers(s) Alcoa
Deal Type Merger

Target

Ivex Packaging

Lincolnshire, Illinois, United States
Ivex Packaging is a manufacturer of specialty plastic packaging for the food, electronic, medical, and retail markets.

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Buyer(S) 1

Buyer

Reynolds Food Packaging

Mount Vernon, United States
Category Company
Founded 2004
Sector Packaging
DESCRIPTION

Reynolds Food Packaging LLC products include foil, film, aluminum and plastic platters, containers, lids, hinged plastic containers, foil wraps, foil and plastic bags, and paper baking cups and liners.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Merger) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1

Seller(S) 1

SELLER

Alcoa

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1886
Sector Metals/Mining
Employees13,600
Revenue 10.6B USD (2023)
DESCRIPTION

Alcoa is a lightweight metals engineering and manufacturing company. Alcoa’s multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa was incorporated in 1886 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 4 of 22
Sector (Packaging) 1 of 1
Type (Merger) 1 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 17
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-03 Fairchild Fasteners

Dulles, Virginia, United States

Fairchild Fasteners is a supplier of aerospace fasteners. Fairchild manufacturers precision fastening systems and components. Its products are used primarily in the construction and maintenance of commercial and military aircraft.

Buy $657M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-27 Almatis

Frankfurt, Germany

Almatis GmbH is a manufacture and supply of premium alumina and alumina-based products.

Sell $342M
Mergr

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