GIC, a private equity firm, agreed to acquire a 47% stake in Altium Packaging, a plastic and resin company, from Loews, a diversified company, for $940m. "Having Loews and GIC – two world-class institutions – as our partners will be invaluable as we continue to pursue our growth strategy and seek accretive acquisitions that add further scale and end-market diversification," Sean Fallmann, Altium Packaging President & CEO.