CHICAGO (March 6, 3:15 p.m. EST) — DuPont and Procter & Gamble Co. have agreed to invest in Packtion, a Web site for the packaging industry.
Chicago-based Packtion launched operations in January. The company was founded in April with an investment from Silgan Holdings Inc., Morgan Stanley Dean Witter Private Equity and consulting firm DiamondCluster International Inc.
The site provides design, manufacturing and procurement functions for buyers and sellers of packaging.
"Through our combined efforts, we will offer an array of online solutions that enhance packaging innovation and speed to market," said Edward Lapekas, Packtion executive chairman, said in a news release.
