'Treading water not good enough', says boss at Hart's packaging, autoparts empires

Wed, 12 Aug 2015

By Paul McBeth Aug. 12 (BusinessDesk) - New Zealand billionaire Graeme Hart's Reynolds Group Holdings packaging business and UCI Holdings, an autoparts business, are under pressure to cut and sustain lower operating costs after recent asset sales that reduced debt. Briefing analysts on Reynolds' and UCI's newly published second-quarter earnings, joint chief executive Tom Degnan said good progress was made last year at Reynolds and he would focus more on UCI this year. Reynolds' Degnan added the role of CEO of UCI in June. "While I w...

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