About half that sum goes to manufacturing companies, such as dsm Catalytica in Greenville, North Carolina, that offer both chemical ingredients and finished products, including cartons, bottles and packaging.
Monti killed that deal on a theory called conglomeratization: By buying a maker of machinery that produces rival plastic bottles, Tetra Laval could in a few years leverage its lead position in cartons to also control plastic alternatives (glass bottles and tin cans are the packaging products still out of Tetra Laval's reach).