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Bunzl takes over AFC on its own

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Published in issue 29/1997
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After the failure of negotiations with WBT Holdings LLC on a joint takeover of American Filtrona Corp. (AFC), UK paper packaging producer Bunzl decided to acquire AFC on its own for $178m. The fibre business of AFC is producing cigarette filters and ink reservoirs, a product range similar to Bunzl's. In 1996 AFC ...

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