Dart Container Corp. has closed on the $1 billion deal to buy Solo Cup Co. announced earlier this year.
According to excerpts from the story:
The takeover, announced last month, brings Lake Forest, Ill.-based Solo’s container operations, including the iconic Solo party cups, under the Dart umbrella. Dart is the world’s largest maker of foam cups and also makes other containers.
Dart, which doubles in size with the deal, is paying $315 million in cash for Solo and assuming $700 million in debt.
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