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Hefty parent Pactiv buys container-maker PWP

Hefty-brand trash bag maker Pactiv Corp. has bought a leading producer of disposable food containers, PWP Industries, for $200 million.

Pactiv, a consumer packaging maker, said on Tuesday it expected the PWP deal to close this quarter and provide a small boost to its earnings this year, before generating a return above Pactiv’s cost of capital within two or three years.

[Crain’s Chicago Business]