Stone Canyon Said to Explore $8 Billion Sale of Mauser Packaging

Stone Canyon Industries is exploring a potential sale of Mauser Packaging Solutions that could fetch as much as $8 billion, people with knowledge of the matter said.

The Los Angeles-based investment firm, whose backers have included billionaire junk bond pioneer Michael Milken, is speaking to advisers about an exit, according to the people. Any divestment process is likely to start in the first half of the year, the people said, asking not to be identified because the information is private.

No final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, according to ...