New-Indy JV Corp. acquired Proactive Packaging and Display, a corrugated packaging and display producer in Ontario, California, closing the deal on May 1, 2019. Financial terms were not disclosed.
Berkley International broke ground in May 2019 on an 80,472 sq ft manufacturing and distribution facility in Sparks, Nevada, relocating operations from California. The project includes $5.9 million for land and $1.6 million for equipment, and will employ 28 people.
Sealed Air signed a definitive agreement to acquire US-based automated bagging systems maker Automated Packaging Systems for a total consideration of $510 million on a cash and debt-free basis. The deal is subject to regulatory approval.
Cascades Sonoco inaugurated its expanded Birmingham, Alabama facility and a new production line for water-based coated paperboard. The US$17 million investment has capacity of 50,000 tonnes per year.
Bison Bag is adding to an existing building in Lockport, NY, bringing the total plant size to approximately 140,000 sq ft when finished in 2020. The expansion is part of a larger plan that includes new packaging machinery.
Cenveo Worldwide sold its long-run labels and receipt paper assets to Iconex LLC, a portfolio company of Atlas Holdings, including plants in Joplin, MO, Jefferson City, TN and Vernon, CA. Financial terms were not disclosed, announced April 30, 2019.
American Packaging Corporation announced a $50 million expansion adding 126,000 square feet to its Roto Center of Excellence in DeForest, Wisconsin, with two new rotogravure presses, an adhesive laminator and slitting equipment.
U.S. Corrugated Inc. plans to invest about $75 million in a corrugated packaging operation in Lebanon, Indiana, creating about 140 jobs. The Lebanon City Council approved an incentive package for the project.
Amcor entered a binding agreement to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash as part of remedies for its Bemis transaction, with completion expected on 15 May 2019.
Amcor agreed a binding deal to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash to resolve US DOJ concerns over its Bemis merger.
Cascades invited media to the official inauguration of its packaging plant in Piscataway, New Jersey, a US$76 million investment, scheduled for April 18, 2019.
Genstar-backed Pretium Packaging acquired Olcott Plastics of St. Charles, Illinois, a maker of injection-molded beauty and healthcare packaging. It is Pretium's sixth add-on acquisition since Genstar's 2014 investment.
Alpla Inc. held a groundbreaking for a new $6.9 million facility in the Kentucky Transpark in Bowling Green, adding 60,000 square feet of warehouse space. The groundbreaking was celebrated on April 10, 2019.
ALPLA, Inc. broke ground in April 2019 on an expansion in the Kentucky Transpark, a $6.9 million capital investment that includes 60,000 square feet of additional warehouse space.
WestRock agreed to supply at least 2.2 million tons of containerboard and paperboard grades over three years, April 2019 to March 2022, to independent buyers represented by AICC. The agreement was signed on March 31, 2019.
Mill Point Capital portfolio company Huntington Solutions agreed to acquire the assets of Virginia-based RADVA Corporation, a maker of packaging for medical, pharmaceutical and food industries. No financial terms were disclosed.
Greer, S.C.-based Huntington Foam LLC will acquire the assets of Radford, Va.-based Radva Corp, a supplier of expanded polystyrene and polypropylene protective packaging and an EPS recycler.
Orwigsburg manufacturer Clearly Clean Products bought the former City Shirt Co. plant in Frackville's industrial park to make recyclable food trays. It will open with 25 employees and plans to grow to 125.
Sealed Air is investing about $24 million to add production of plant-based food packaging using Plantic resin at its Simpsonville, S.C. facility, with production scheduled to start in Q2 2020.
Opus Packaging Group affiliate Opus Packaging – Wabash acquired Wabash Container, a corrugated sheet conversion plant in Mount Carmel, Illinois, from its owners the Burton family. Rhoades McKee advised on the deal.
Smurfit Kappa is expanding Bag-in-Box packaging capacity with a new 100,000 sq ft plant in Texas, USA, acquired recently, to be equipped with modern dosing technology and employ 70 people at full capacity.
CorrChoice, a US maker of corrugated paper and industrial packaging, will invest $40 million to increase capacity at its Pennsylvania plant, creating 79 new jobs and enlarging the facility to 32,550 square meters.
Pratt Industries will invest more than $20 million to finish and expand a shell building in Botetourt Center at Greenfield, Virginia, for manufacturing and converting corrugated boxes and displays, eventually employing 50 people.
Multi-Color Corporation, a Cincinnati-based label maker, agreed to be acquired by an affiliate of Platinum Equity for $50.00 per share, in a transaction valued at $2.5 billion including $1.5 billion of debt. The deal was announced on 25 February 2019.
Norton Packaging plans a $2.5 million expansion of its pail plant in Hamlet, Starke County, Indiana, adding 42,000 square feet and 20 jobs. It would be the third expansion of the county operation.
Austin Foam Plastics, a Sealed Air subsidiary, plans a 60,000-square-foot expansion of its Pflugerville, Texas facility with a $4.7 million investment and 22 new jobs. The deal was approved by the local development corporation pending city council approval.
Waterloo Container is seeking $207,050 in tax exemptions from the Seneca County IDA for a $2.28 million, 37,000-square-foot addition to its Seneca Falls facility, adding warehouse space and a bottle packing conveyor line and 22 new jobs.
Danone SA signed a multi-year packaging supply agreement with Loop Industries to buy 100% sustainable, upcycled Loop-branded PET produced at Loop's joint venture facility with Indorama Ventures in the US.
Greif has completed its all-cash acquisition of Caraustar Industries for $1.8 billion, expecting at least $45 million in cost synergies within 36 months.
Nefab Americas has acquired Pacific Coast Packaging, which makes custom wood, foam and corrugated packaging at its Anaheim, California location. The announcement was made on 6 February 2019.
PPC Flexible Packaging, based in Buffalo Grove, Illinois, announced its acquisition of Pewaukee, Wisconsin-based HFM Packaging, a maker of labels and pouches for cosmetics, personal care and pharma.
Toray Plastics (America) is investing in a new 8.7-meter polypropylene film line at its North Kingstown, Rhode Island plant, with start-up anticipated in 2020. The project includes a new building to house the equipment.
HCI Equity Partners acquired Express Packaging, a contract packaging and manufacturing provider in Newcomerstown, Ohio, with a subordinated debt and equity investment from Patriot Capital, announced February 2019.
Green Bay Packaging is launching a paper mill in Wisconsin that will use 100% recycled fiber and process 685,000 tons per year to make linerboard and corrugated medium. The $500 million facility is projected to create 1,000 construction jobs and 200 additional jobs by 2022.
Oliver Healthcare Packaging purchased US-based medical packaging firm CleanCut Technologies, including its 70,000 sq ft facility in Anaheim, California and its product portfolio. The deal also covers design, prototyping and contract packaging.
Technical Precision Plastics has merged its operations with IntraPac International, a specialty packaging company owned by Oncap. TPP has facilities in Mebane, North Carolina and Haina, Dominican Republic.
Amcor has pushed the closing of its all-stock $5.25 billion takeover of Bemis back by a quarter to the second quarter of 2019, citing US antitrust approval and SEC review delays caused by the partial government shutdown.
Eastside Distilling has acquired Portland-based mobile canning and bottling provider Craft Canning + Bottling by merger for an aggregate $5.2 million. The business will combine with Eastside's Mother Lode co-packing subsidiary, serving wine and RTD cocktail producers in Oregon, Washington and Colorado.
Tetra Pak has partnered with Koenig & Bauer to implement full-colour digital on-package printing on beverage cartons, with the full-width digital printer to be deployed at Tetra Pak's Denton converting plant in Texas.
Tetra Pak will install a full-width digital printer built by Koenig & Bauer at its Denton, Texas converting plant, enabling full-colour on-package printing on carton packages. Field testing with North American customers is expected to begin in early 2020.
CorrChoice LLC plans a 350,000-square-foot corrugated packaging facility at 350 N. Lingle Ave. in Derry Township, Pennsylvania, backed by a $40 million investment. The project is expected to create 79 jobs and retain 97 jobs in Hazleton and Warminster.
TricorBraun acquired Pacific Bag LLC, one of the largest independent US distributors of flexible packaging. Pacific Bag will be combined with Taipak into a new unit called TricorBraun Flex. Terms were not disclosed.
Swiss packaging company Hoffmann Neopac AG is starting production at a new 37,000-square-foot US plant in North Carolina, with a high-speed tube line capable of 80 million units per year. The project received a $300,000 state grant.
Atlas Holdings acquired Saxco International, a North American value-added distributor of rigid packaging such as glass, metal and plastic containers, capsules and closures for wine, spirits, craft beer and food markets. Terms were not disclosed.
Oliver Printing & Packaging, a Pfingsten portfolio company, acquired DISC Graphics, a manufacturer of folding carton packaging, micro-fluted corrugated boxes and pressure sensitive labels headquartered in Hauppauge, New York. It is the platform's second add-on acquisition.
Private equity firm Graham Partners invested in Nuconic Packaging of Vernon, California, a thermoformed PET food packaging supplier, to build a nationwide packaging platform with Tray-Pak and EasyPak. No financial terms were given.
Greif agreed to acquire recycled paperboard maker Caraustar Industries from H.I.G. Capital in a cash deal valued at $1.8 billion. Closing is expected in Q1 2019, with at least $45 million of annual cost synergies identified.
Phoenix Packaging Operations is undertaking an approximately $50 million expansion of its Dublin, Virginia plant, adding a 250,000-square-foot building and creating 145 jobs. TD Community Development Corporation allocated $15 million in New Markets Tax Credits to support the project.
Hood Container Corporation has agreed to acquire Custom Packaging LP, a corrugated display and industrial packaging maker with plants in Lebanon, Tennessee and Arden, North Carolina. The deal is expected to close in January 2019.
Packaging Corporation of America is set to buy a 42-acre city-owned site in the Horn Rapids Industrial Park in Richland for an estimated $1.9 million and plans a 400,000 to 450,000 sq ft manufacturing facility creating about 150 jobs, with opening expected in early 2020.