MeadWestvaco Corporation (MWV), a global packaging company providing innovative solutions to the world’s most admired brands in healthcare, has announced the completion of purchase of Ruby Macons Limited (Ruby Macons), a market leader in corrugated packaging materials in India. Ruby Macons now becomes a central component of MWV’s packaging platform in India and a key element of the company’s plans to grow in emerging markets. The transaction was completed on November 30, 2012 and financial results for Ruby Macons will now be reported as part of MWV’s Industrial Packaging segment.

Ruby Macons currently produces over 150,000 tons of container board annually at two mills containing three paper machines in and around the city of Vapi, Gujarat. These assets, as well as a significant expansion project underway, will significantly increase capacity and accelerate MWV’s profitable growth in this fast growing region.

“We are excited to welcome Ruby Macons into the MWV family, marking an important step forward in our long-term commitment to growth in India,” said Peter C Durette, senior vice president and chief strategy officer for MWV, who oversees the company’s business in India.

Under the terms of the transaction, all Ruby Macons employees will become MWV India employees and the Ruby Macons management team will remain in place, including  Ashraf Nathani, MD, Ruby Macons, who becomes vice chairman and president of the business.

“This deal reflects the commitment of both organizations to India. We are proud to be joining forces with MWV and confident that the combination of our strengths will bring value for all our employees, customers and suppliers,” said Nathani.

The acquisition of Ruby Macons expands MWV’s presence in industrial packaging in India, which also includes a converting facility in Pune making rigid, humidity-resistant corrugated packaging for pharmaceuticals.

Ruby Macons boasts strong operational leadership, a best-in-class reputation, high brand awareness among converters and brand owners, and advantaged geographic locations within India in Vapi and Morai, Gujarat.

MWV’s network has 125 facilities and 16,000 employees spans North America, South America, Europe and Asia.