S&P: Reynolds unchanged

Standard & Poor's said Reynolds Group Holdings Ltd.'s (B+/negative) planned $400 million acquisition of Dopaco Inc. and Dopaco Canada Inc. from Cascades Inc. does not result in any change to the ratings or outlook on Reynolds.

As a manufacturer of paper cups and folding cartons for the quick-service restaurant and food service industries, Dopaco will expand Reynolds' product offerings, S&P said.

The acquisition should not meaningfully alter debt leverage metrics, the agency said.

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