FRANKFURT, Dec 14 (Reuters) - Dutch packaging makerSchoeller Allibert is exploring a sale as its owners seek anexit after reshaping the company, adding to a string of deals inthe sector, three people close to the matter said.
Majority owner JP Morgan as well as co-investorSchoeller, a German family, have asked Citi to find abuyer for the maker of plastic boxes, which may be valued atabout 400-500 million euros ($426-$532 million), the peoplesaid.
JP Morgan and OEP declined to comment, while Citi and theSchoeller family were not available for comment.
($1 = 0.9399 euros) (Reporting by Arno Schuetze; Additional reporting by TobySterling and Claire Ruckin; Editing by Maria Sheahan)