An affiliate of Platinum Equity has entered into a definitive agreement to acquire U.S. container producer BWAY Parent Co. Inc. in a transaction valued at approximately $1.24 billion. We are affirming our 'B' corporate credit rating on BWAY Parent Co. Inc., BWAY Holding Co., and all rated subsidiaries. We are removing all ratings from CreditWatch with developing implications. The stable outlook reflects BWAY's steady profitability and ability to generate free cash flow to support a financial profile consistent with the ratings. NEW YORK (Standard&Poor's) Oct. 17, 2012--Standard&Poor's Ratings Services said today it affirmed its 'B' corporate credit ratings on Atlanta-based BWAY Parent Co. Inc., BWAY Holding Co., and all rated subsidiaries (collectively, BWAY). At the same
