Plymouth— Plastipak Packaging has been selected as the successful bidder to acquire La Seda de Barcelona's (LSB) APPE Packaging Division. "The winning bid was ?360-million and included a gross up of ?65-million of accounts payable that will be transferred with the business, but will be discounted from the bid, and result in an actual consideration for the business of ?295-million," Plastipak explained.
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