Huntsman Packaging and Blessings Corp. Enter Merger Agreement

Huntsman Packaging Corporation (Salt Lake City, Utah) and Blessings Corporation (Newport News, Va.) have entered into a definitive merger agreement, calling for Huntsman to acquire all issued and outstanding shares of Blessings.

Commenting on the transaction, Richard P. Durham, president and CEO of Huntsman, stated, "Blessings Corporation has a great reputation for quality and product innovation in our industry and we are excited to make it a part of Huntsman Packaging Corporation."

Blessings Corporation's operating businesses are leading producers and converters of polyethylene (PE) and polypropylene (PP) films for the personal care, medical and packaging industries.

Huntsman Packaging Corporation produces over 500 million pounds annually of film and flexible packaging for food packaging, medical and pharmaceutical applications, household goods, garden supplies, pet food, cosmetics, retail merchandise, and agricultural, industrial and institutional applications.

Edited by Pam Ahlberg