Davis Polk is advising Loews Corporation on its approximately $1.2 billion acquisition of Consolidated Container Company from Bain Capital Private Equity. The transaction, which is expected to close in the second quarter of 2017, is subject to customary closing conditions.

Loews Corporation is a diversified company with three publicly traded subsidiaries: CNA Financial Corporation, Diamond Offshore Drilling, Inc. and Boardwalk Pipeline Partners, LP; and one wholly owned subsidiary, Loews Hotels & Co. Consolidated Container Company is a developer and manufacturer of rigid plastic packaging solutions that specializes in customized mid- and short-run packaging solutions.

The Davis Polk corporate team includes partner Brian Wolfe and associate Darren M. Schweiger. Partner Sartaj Gill and counsel J.W. Perry are providing credit advice. Partner Joseph A. Hall is providing capital markets advice. Partner Rachel D. Kleinberg and associate Patrick E. Sigmon are providing tax advice. Partner Jeffrey P. Crandall and counsel David Mollo-Christensen are providing executive compensation advice. Counsel David A. Zilberberg is providing environmental advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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