FEMSA reached a definitive agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million Mexican pesos on a cash-free, debt-free basis. Closing is subject to regulatory approvals.
St. Johns Packaging completed its acquisition of Plasticos Uribe, a vertically integrated flexible packaging manufacturer based in Tlaquepaque near Guadalajara, Mexico, announced May 9, 2022. The deal adds Mexican manufacturing capacity alongside a new greenfield plant in Leon, Guanajuato.
Clearlake Capital-backed Pretium Packaging completed its acquisition of Grupo Edid, a Lerma, Mexico rigid packaging manufacturer and paperboard printer, on December 16, 2021; financial terms were not disclosed.
CCL Industries signed a binding agreement to acquire Treofan America Inc. and Trespaphan Mexico Holdings from M&C S.p.A. for a net purchase price of about $255 million. Closing is expected in Q2 2018, subject to regulatory approvals.
Germany's Schütz signed an agreement to acquire Mexican rigid industrial packaging company Envases y Laminados (ELSA) for an undisclosed sum, with completion expected in early 2018.
GualapackGroup announced the acquisition of Mexican converter Excel Nobleza S.A.P.I. de C.V., establishing a laminates manufacturing presence in Mexico, with the Herrero family remaining in management.