MeadWestvaco Completes $710M Acquisition

MeadWestvaco Corp. has completed its acquisition of the North American packaging systems business from France's Compagnie de Saint-Gobain SA for about $710 million, the company announced Wednesday.

MeadWestvaco (NYSE:MWV) said Saint-Gobain's Calmar unit, which is based in Grandview, Mo., makes pump and spray packaging systems that are used in making products for personal care, pharmaceutical, automotive and other industries.

MeadWestvaco said Calmar will have only a slight impact on earnings this year and will add to earnings beginning next year.

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