Isem Packaging Group closed the integration of Sacchettificio Toscano, a historic Italian luxury packaging maker, strengthening its position in luxury packaging.
Carton Group, owned by Waterland, signed an agreement to acquire the operating business of Europoligrafico, an Italian packaging supplier with about EUR 60 million turnover and two Italian plants. Closing is expected in early autumn 2023.
CCL Industries closed its C$44 million acquisition of Pouch Partners from a company owned by Capri-Sun Group. Pouch Partners makes printed and laminated flexible film for pouches and reported C$104 million in sales last year.
Saica Group acquired a minority share in Adda Ondulati and Cartorobica, two Italian corrugated board plants in Annone di Brianza and Pietrasanta with 2022 revenue of EUR 105 million and 247 employees.
Irish packaging group Zeus Group announced the acquisition of Cima Paper S.p.A., an Italian paper and board converter with annual revenues of EUR 65 million, to strengthen its vertically integrated packaging supply chain.
La Doria has added a third SIG Safe 12 Food Retort filling line at its Sarno plant in Italy to fill canned food products in SIG SafeBloc carton packs. The article gives no investment amount.
Bobst Group acquired a 70% equity stake in Dücker Robotics s.r.l., an Italian maker of robots for loading and palletizing in the corrugated board sector. The deal closed on April 28, 2023, and the current management stays in place.
Alto Partners S.G.R. acquired a majority stake of about 71% in Lario Plast S.r.l., a maker of HDPE and PET bottles, through its Alto Capital V private equity fund. Proactiva Strategy M&A advised Lario Plast on the deal.
Coesia and Oji Holdings signed a definitive agreement under which Coesia will sell IPI Srl, a supplier of aseptic carton packaging based in San Sisto (Perugia), to Oji. IPI employs 170 people and had 2022 sales of about 65 million euros.
After buying the Duino mill, Mondi plans to invest around €200 million to convert a paper machine into a containerboard machine. The converted mill is expected to produce about 420,000 tonnes of recycled containerboard a year.
Prinzhorn Group made a strategic investment in Scatolificio La Veggia, an Italian packaging company, marking its entry into the Italian market. The article is an advisory firm's page, and the deal value and closing terms are not stated.
Stirling Square Capital Partners signed a contract with Wise Equity to acquire 100% of Tapì, an Italian maker of premium beverage closures. The deal is expected to close in early 2023. No price was disclosed.
Private equity firm Stirling Square completed its acquisition of Tapi, a beverage packaging closures group, from Wise Equity for €300m. The announcement was dated 20 December 2022 and the deal was completed in February 2023.
France's Alliance Etiquettes purchased Italian label printer Tonutti Tecniche Grafiche, extending its reach into wine and Prosecco production regions in northern Italy, its tenth acquisition since 2015.
Prinzhorn Group has made a proposal to acquire corrugated packaging plant Scatolificio La Veggia S.p.A. in Roteglia, Italy, which is undergoing restructuring under Italian law. The final takeover is expected in 2023 after court approval; financial terms were not disclosed.
Vetropack is investing over CHF 400 million in a new high-tech glass plant in Boffalora sopra Ticino near Milan, replacing its Trezzano sul Naviglio site. Production is expected to start in the second quarter of 2023 with about 70 per cent more capacity.
Germany-based The Palm Group acquired family-owned corrugated board maker Orsini Imballaggi, with effect from September 2022. The plant southeast of Milan adds to Palm's production capacity in Italy.
Poste Italiane awarded lot 2 of a framework agreement for cardboard pallets to REDBOX SRL for EUR 3,520,000. The stipula date was 22 September 2022.
Poste Italiane awarded lot 1 of a framework agreement for 1,100,000 cardboard pallets to Ondapack Sud Spa for EUR 5,148,000. The stipula date was 7 October 2022.
Groupe Guillin acquired 90% of Ciesse Paper, an Italian maker of cardboard packaging for the fruit and vegetable market, on 2022-09-23. The founders Elisa and Lorenzo Govi keep 10% and remain in operational roles. Ciesse Paper reported 2021 revenue of EUR 28 million and is based in the Mantua area.
DS Smith has started production at its new 34,000 sqm packaging plant in Castelfranco Emilia (Modena), Italy, with a corrugator and three converting machines running. The plant will eventually have 10 production lines and over 200 million sqm of annual capacity.
Chinese carton maker Greatview Aseptic Packaging signed an agreement to acquire the assets of Alternapak Production srl, an idled aseptic carton plant in San Pietro in Gu, Italy. Production is expected to restart toward the end of 2022, making it Greatview's fifth plant globally.
Mondi plans to convert the Duino paper machine PM 3 to produce about 420,000 tonnes per year of recycled corrugated case material. An estimated EUR 200 million will be invested in the project.
Mondi plans to convert the paper machine at its planned Duino mill to produce about 420,000 tonnes per year of recycled containerboard, at an estimated investment of around €200 million. The plan supports its Corrugated Solutions plants in Central Europe and Turkey.
Mondi agreed to acquire the Duino mill near Trieste, Italy, from Burgo Group for a total consideration of €40 million. Completion is expected in the second half of 2022, subject to competition clearance.
Bain Capital Private Equity and BC Partners signed definitive documents for a joint ownership agreement over Fedrigoni, a producer of self-adhesive labels and fibre-based packaging. The agreement was announced on 26 July 2022.
Crown Holdings will build a second high-speed aluminum beverage can line at its Parma, Italy facility, adding over one billion cans annually and 80 jobs. Commercial production is expected in Q1 2023.
Investment firm Peninsula Capital agreed to buy Italian premium packaging firm ISEM Bramucci, which makes luxury boxes and folding cartons, in a deal worth around 90 million euros ($97 million).
A&M Capital Europe acquired a majority stake in Carton Pack, an Italian and Spanish food packaging maker with about 400 employees and three production sites. Current owners will stay on in their management roles.
Turkish packaging company Perfektüp acquired 100% of the shares of Tubettificio Favia on 5 April 2022, creating an international consolidation. Perfektüp is part of the Bell Holding group.
Magic Pack (Gruppo Happy) obtained a 13 million euro seven-year loan from Finlombarda and Cassa di Risparmio di Bolzano to fund investments including new production capacity and recycling lines for expanded polystyrene food containers. The plant is in Gadesco Pieve Delmona, Italy.
Gruppo Happy completed the acquisition of 100% of Coopbox SPA and its subsidiary Coopbox Eastern SRO, operating in Italy and Slovakia, and French company Sirap France SAS. The group makes plastic food packaging containers.
Apollo's vehicle Rimini Bidco is closing the mandatory tender offer for Italian cardboard maker Reno De Medici, which follows a July 2021 deal to acquire about 67% stake for over EUR 365 million. The offer closes on Friday December 17, 2021.
Smurfit Kappa has acquired Verzuolo, a 600,000-tonne recycled containerboard mill near Savona in Northern Italy, for €360 million ($416 million).
Silgan Holdings has acquired Easytech Closures, which makes easy-open metal ends at Fisciano, Italy, for EUR 31.5 million ($36.5 million). Easytech is projected to generate about EUR 38 million in 2021 sales.
Apollo-controlled funds agreed to buy about 67% of Reno De Medici from its two largest shareholders, Cascades and Caisse de depot et placement du Quebec, at EUR 1.45 per share. The deal cost about EUR 315.3 million and was expected to close by Q3 2021, followed by a mandatory takeover bid.
Progroup is reported to be probably building a corrugated board plant near Milan, Italy, with a cost of EUR 95 million and 205 jobs, expected to be operational by mid-2024.
Italian infrastructure fund manager F2i Sgr agreed to acquire a 70% majority stake in ReLife, a Genoa-based recycler of paper and plastic packaging, with the founders keeping 30%. ReLife has about 580 employees and 35 plants in northern and central Italy, with expected 2021 revenue of about EUR 250 million.
Italian plastic packaging maker PuntoPack acquired MAV Srl, a wide-mouth packaging company serving cosmetics and food. The combined group is expected to have over EUR 25 million turnover. No deal value was disclosed.
Smurfit Kappa agreed to acquire the Verzuolo recycled containerboard mill in northern Italy from Burgo Group for €360 million, with 600,000 tonnes annual capacity; closing is expected in Q4 2021.
Schur Flexibles acquired Termoplast S.r.L., a producer of 100% recyclable MDO-PE films based at Gambassi Terme near Florence, Italy, to expand its presence in the Italian market.
Italian packaging machinery makers OCME and Robopac, both family-led, have signed an agreement to pursue joint growth and internationalization, with OCME to be led by Carlotta Gatteschi, Valentina Aureli and Enrico Aureli. The article does not state the deal terms or value.
Special Packaging Solutions Investments completed the acquisition of the remaining stake in Italian closures maker Guala Closures on June 7, 2021, after a mandatory takeover bid. The original offer was valued at about EUR 300 million.
Italian packaging maker Gualapack became majority shareholder of Easysnap Technology, a Modena-based maker of single-dose easy-open packaging systems. Easysnap's CEO Andrea Taglini will remain in his role.
Private equity firm Oxy Capital and illimity Bank agreed to acquire Gpack Group, an Italian maker of cardboard boxes and cartons for luxury, pharma, cosmetics and food markets, for $72 million.
Mauser Packaging Solutions, through its joint venture NCG-Maider, acquired Italian reconditioner Global Tank Srl, adding a site in Magnago near Milan. The deal expands its industrial packaging and reconditioning footprint in Italy.
Berlin Packaging acquired Glass Line, a Savona-based Italian maker of glass and metal packaging for wine and olive oil with about EUR 6 million turnover in 2019. The price was undisclosed.
Schur Flexibles Group acquired Sidac SpA, a flexible packaging manufacturer based in Forlì near Bologna, to expand its presence in the Italian market. Sidac has about EUR 34 million in annual revenue and 120 employees; the deal value was not stated.
Italian packaging group Grifal agreed to acquire 100% of a newco receiving the operating division of Cornelli, which makes corrugated cardboard boxes and branding for packaging, in a deal stated as EUR 1.257 billion.
An affiliate of Peak Rock Capital has acquired a majority holding in AMB, an Italian maker of food packaging films, as announced on February 5, 2021.