Jan 04, 2012. /Lesprom Network/. MeadWestvaco Corporation (MWV) is expanding its capabilities in targeted packaging end-markets with the acquisition of Polytop Corporation, an innovative leader in the design and manufacturing of dispensing closures. The acquisition was completed on December 30. Terms of the acquisition were not disclosed, as the company said in a press release received by Lesprom Network. “The acquisition of Polytop extends our participation in attractive packaging end-markets that we have targeted for profitable growth around the world,” said John A. Luke, Jr. MWV chairman and CEO. “With Polytop, we are expanding the innovative capabilities that we can bring to the world’s leading brand owners to meet their global packaging needs.” Luke added, “We have an aggressive growth strategy that targets more than $1 billion of additional revenue over the next three to five years through initiatives centered on commercial excellence, innovation and emerging markets that we will augment with bolt-on acquisitions that bring us new technologies or capabilities. Polytop exemplifies the high-return opportunities we will add to our packaging platform to deliver the best possible solutions to our targeted global customer base.” Polytop is a leading designer and manufacturer of dispensing closures serving leaders in the food, home and garden, and beauty and personal care packaging markets. “We see this as an excellent opportunity for Polytop Corporation,” said William Masser, retiring Polytop chief executive officer. “Combining with MWV allows us to better serve the needs of our customers by broadening the range of dispensing products and expanding the technologies we can now offer, and doing so on a global basis.” MeadWestvaco Corporation (MWV) provides packaging solutions to many of the world’s most-admired brands in the healthcare, beauty and personal care, food, beverage, home and garden, and tobacco industries.