WASHINGTON (dpa-AFX) - MeadWestvaco Corp. (MWV), on Monday said it completed the purchase of Ruby Macons Limited, an Indian producer of high-quality corrugated packaging materials.
MeadWestvaco said that the financial results for Ruby Macons shall now be reported as part of MeadWestvaco's Industrial Packaging segment and added that, Ashraf Nathani, managing director of Ruby Macons, will transition to the role of vice chairman and president of the acquired business.
'We are excited to welcome Ruby Macons into the MWV family, marking an important step forward in our long-term commitment to growth in India,' said Peter Durette, senior vice president and chief strategy officer for MeadWestvaco.
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