US manufacturer of packaging products and papers Boise is set to acquire the Hexacomb protective packaging business of the Pregis Corporation for a consideration of $125m. Hexacomb manufactures kraft paper-based honeycomb protective packaging products and employs about 440 people at 12 production facilities in North America and in Europe. In 2010, the company had revenues of $102m and converted approximately 60,000 t of containerboard. Boise expects the all-cash transaction to be finalized by the end of 2011 or in early 2012.
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