Raphael Geminder explores sale of Asian packaging operations

Australian businessman Raphael Geminder is exploring a potential sale of the Asian operations of his packaging companies, as reported by Bloomberg. Rigid plastic packaging and components manufacturer Dynapack Asia and Pact Group Holdings have engaged a financial adviser and contacted prospective buyers, encompassing private equity companies and other packaging companies. Sources indicated the combined Asia businesses could be valued at $1bn. The discussions are ongoing and may not lead to a transaction. ...