UFP Packaging, an affiliate of UFP Industries, acquired Titan Corrugated, a corrugated packaging manufacturer, and its affiliate All Boxed Up, a corrugated box distributor. The combined companies had trailing 12-month sales of about $46.5 million, and Titan operates an automated facility in Flower Mound, Texas.
Saica Group has begun operations at a new plant in Hamilton, Ohio, producing corrugated board and packaging. It is the company's first manufacturing site in the US and its tenth country of operation.
Riverstone Credit Partners provided Katy, Texas-based sustainable packaging provider Hoover CS a $160 million senior term loan. The financing gives Hoover CS additional liquidity to execute its growth strategy.
Akers Packaging Service Group acquired SCI Box, a family-owned corrugated packaging business of Mount Vernon, Illinois, founded in 1976. The deal supports Akers' Midwest expansion strategy and adds the Mount Vernon facility.
Novvia Group, a packaging distributor backed by Kelso & Company, acquired Innovative Container, a La Mirada, California distributor of plastic, metal, glass and corrugated containers. Financial terms were not disclosed.
Sappi will invest about $418 million to convert the No. 2 paper machine at its Somerset Mill in Skowhegan, Maine to produce solid bleached sulphate board, nearly doubling machine capacity to 470,000 tons per year by early 2025.
WestRock agreed to divest its ownership interest in RTS Packaging to joint venture partner Sonoco for $330 million, and to sell its Eaton, Indiana and Aurora, Illinois uncoated recycled paperboard mills to Ox Industries for $50 million. Closing is expected in the first half of 2023.
WestRock agreed to sell its uncoated recycled paperboard mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million, with closing expected in late 2022 or early 2023.
Greif agreed to buy Lee Container Corporation, a North American blow-molded jerrycan maker with three US plants, for $300 million in cash. Closing is expected by the end of 2022, subject to regulatory clearances.
Sonoco agreed to buy WestRock's remaining equity in the RTS Packaging joint venture, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash. About 1,100 employees will join Sonoco; closing is expected in the first half of 2023.
American Canning signed a supply agreement with Ball Corp. as an official distributor of blank and printed aluminum beverage cans, giving it steadier supply and lower minimum order quantities for printed cans. The agreement was announced on November 2, 2022.
Austin, Texas-based American Canning signed a supply agreement with Ball Corp as an official distributor of blank and printed brite cans. The deal lowers the printed can minimum order to one truckload per SKU.
Kruger Packaging completed construction of its $114 million automated corrugated packaging plant in Elizabethtown, Kentucky, which is starting up and is expected to create nearly 150 jobs.
Wildpack Beverage entered a long-term packaging supply and manufacturing agreement with EHPlabs, committing to 30 million units in 2023 and 40 million in 2024 from its Las Vegas facility; EHPlabs CEO also takes a private placement stake and a board seat.
Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Hood Container Corporation, a subsidiary of Hood Companies, acquired Kentwood Packaging Corporation, a Grand Rapids-area packaging company, with PMCF acting as exclusive financial advisor to the seller.
Atlas Holdings completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation in Washington and Western Canada. Terms were not disclosed.
ORBIS Corporation broke ground on an expansion of its Urbana, Ohio manufacturing plant, adding 30% more space and more presses and tools for reusable totes, bulk containers and pallets. The expansion targets completion in Q2 2023 and plans 40-50 additional jobs over three years.
Novvia Group, backed by Kelso & Company, acquired Rios Containers, a Santa Fe Springs, California distributor of plastic and metal bottles, cans and drums. Financial terms were not disclosed.
Pratt Industries opened a new advanced corrugated box manufacturing plant in Park City, Kansas, a $200 million investment creating 58 new jobs in Sedgwick County, with about 300 full-time jobs cited for the facility.
Kruger Packaging has completed construction of its 400,000-plus square foot Elizabethtown plant in Kentucky, costing $114 million, and started producing corrugated paper.
TricorBraun announced it will acquire Mark's Barrel Company, an industrial container services provider.
CANPACK is building its second U.S. aluminum beverage can body plant in Muncie, Indiana, on 139 acres in Monroe Township. The $380 million project is expected to create 345 jobs by 2023, with potential to reach 425 jobs and $490 million by 2025.
Amcor has made a strategic investment of up to $45 million in US-based ePac Flexible Packaging, increasing its minority shareholding in ePac Holdings. The announcement was made on September 14, 2022.
Sonoco agreed to buy WestRock's remaining equity interest in RTS Packaging, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash, with closing expected in the first half of 2023.
Novolex is investing $10 million to expand plastic bag and polyethylene film recycling capacity at its North Vernon, Indiana facility, producing up to 28 million pounds of recycled content per year.
Nelipak Healthcare Packaging will build a new flexible packaging production site in Winston-Salem, North Carolina, its first in the Americas, with about $20 million capital investment and roughly 80 new jobs.
SCG Packaging acquired a 90.1% stake in Jordan Trading Inc., a New York recovered paper trader, for US$1.98 million through a Thai subsidiary, adding about 100,000 tons per year of sourcing capacity. The company also partners with Peute, the Netherlands' largest packaging material recycler.
The Royal Group, a wholly owned subsidiary of Schwarz Partners, acquired corrugated packaging maker Progress Container & Display, which becomes its 17th manufacturing facility. PMCF acted as exclusive sell-side financial advisor; the deal closed in September 2022 and was reported on November 3, 2022.
Wildpack Beverage signed a long-term purchase and supply agreement with Ball Corporation for sustainable aluminum beverage containers. The deal lets Wildpack extend its printed can and warehousing services beyond Grand Rapids to its other US locations.
Imaflex USA, the US arm of Montréal-based Imaflex, will invest up to $15 million and add 37 jobs for a building expansion and equipment at its Thomasville plant in Davidson County, North Carolina.
Wildpack Beverage entered a long-term supply agreement with Ball Corporation for sustainable aluminium beverage packaging, extending its printed can and warehousing services to all its US locations.
Bryce Corporation held a groundbreaking for a new manufacturing facility in Searcy, Arkansas, part of an $80 million investment that will create 142 jobs. The groundbreaking took place on August 23, 2022.
Wildpack announced a long-term purchase and supply agreement with Ball for sustainable aluminium beverage packaging for its US operations.
Harpak-ULMA was selected by a major medical device producer to provide automated flow wrap packaging lines for pipette tip production in the United States. The project is part of a federal initiative to expand domestic production of the tool.
Rand-Whitney held a beam signing and topping-off ceremony for its largest corrugated packaging facility in Boylston, Massachusetts, built with PROCON as design-builder. The plant is due to open in spring 2023 with capacity of 350 million boxes annually.
Graphic Packaging launched its KeelClip fiber-based can multipack packaging in the United States with an AutoClip KC1600 machine installed at Liberty Coca-Cola Beverages' Elmsford, New York facility. The system removes plastic rings and shrink wrap from can multipacks.
B2B Industrial Packaging, a GenNx360 company, has acquired Springfield Corrugated Box Inc of Agawam, Massachusetts. It is B2B Industrial Packaging's 24th acquisition.
Hood Container Corporation has acquired the corrugated packaging business of Kentwood Packaging Inc, including its design, manufacturing, assembly and fulfillment operations in Walker, Michigan. The deal was announced on August 4, 2022.
Greif will invest $13 million over five years to modernize and expand production capacity at its Taylors, Greenville County facility, which makes spiral tubes and cores from recycled paperboard, with completion expected in November.
Dazpak Flexible Packaging, owned by H.I.G. Capital, completed its acquisition of Atlapac Corporation, a flexible packaging and pouch converter in Columbus, Ohio. The deal expands Dazpak's flexible packaging business in the Midwest.
Waterloo Container renewed its contract with Amcor Flexibles Capsules Canada, under which it serves as Amcor's top distributor of the STELVIN brand closures. The renewal was announced in Waterloo, NY on July 27, 2022.
Scotia Investments and CKF agreed to purchase Molded Fiber Technologies from UFP Technologies, forming MFT-CKF, Inc. MFT makes molded pulp protective packaging at plants in Clinton, Iowa and El Paso, Texas.
Novvia Group acquired Duval Container, a Jacksonville, Florida supplier of cans, pails, drums, bottles and jars, on July 26, 2022. Terms were not disclosed.
Skjodt-Barrett Contract Packaging is expanding its Lebanon, Indiana facility with a 340,000 square foot addition, adding production lines and freezer space at an estimated $58 million capital investment. The expansion is expected to create 90 jobs.
Good natured Products signed a three-year commercial contract with a large U.S. food producer to supply packaging made from Bio-PET-based material and recycled content, produced at its Ontario and Illinois facilities.
Premier Tech is investing $33 million in a 165,000-square-foot facility in Montgomery, Alabama, for its Systems and Automation group, serving as its US headquarters. Operations start gradually from March 2023.
Flexpak completed its acquisition of ACE Packaging of AZ, a Phoenix-based distributor of corrugated boxes, stretch film, foam and polybags, on July 1, 2022, and announced it on July 14, 2022. The deal expands Flexpak's presence in Arizona and the Mountain West.
Menasha Packaging Company has finalized its acquisition of Color-Box, the corrugated packaging business unit of Georgia-Pacific. Color-Box employs 550 people and operates plants in Richmond, Indiana; Pelahatchie, Mississippi; and Madera, California. Terms were not disclosed.
Green Bay Packaging Inc. acquired Interstate Packaging Corp., a corrugated products manufacturer in Albert Lea, Minnesota, effective June 30, 2022. The facility serves south central Minnesota, southwest Wisconsin, Iowa and eastern South Dakota.