date:Jun 11, 2014
Reuters reports that Harts packaging conglomerate, Reynolds Group Holding Ltd has engaged Goldman Sachs to explore a potential sale with initial interest expected to come from private equity firms.
Goldman Sachs refused to comment on the potential sale, while representatives from Reynolds and SIG did not immediately respond to Reuters requests for comment.
Hart acquired SIG for US$2.3 billion in 2007 and the company currently has annual operating earnings of around US$500 million. Industry spe