May 6, 2019

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Sealed Air buying APS in $510M packaging deal

In a major plastics packaging deal, Sealed Air Corp. is acquiring Automated Packaging Systems Inc., a supplier of automated bagging systems and pre-opened bags on a roll, for $510 million.

The United States of bans

Three more states have passed laws in recent weeks preventing local governments from banning or taxing plastic or other packaging. Industry supports such efforts, but they're meeting with resistance from cities saying it hurts their ability to deal with what they see as increasing plastic pollution. It's a debate over both environmental policy and government powers.