Rohrer Industries, owned by ShoreView Industries, acquired Addison, Illinois-based Transparent Container, a retail packaging maker with more than 400 employees, adding thermoforming capacity. CFI USA acted as sell-side advisor. The announcement was dated 2018-12-13.
Special purpose acquisition company One Madison Corporation signed a definitive agreement with Rhone Capital affiliates to combine with Ranpak, a fiber-based protective packaging maker, at an anticipated enterprise value of about $1,089 million. The announcement was dated 2018-12-13.
Berlin Packaging, a US packaging services provider, reached a recapitalisation agreement under which Canada Pension Plan Investment Board will invest $500 million alongside Oak Hill Capital Partners.
Cascades Inc. acquired assets of Urban Forest Products in Brook, Indiana and Clarion Packaging in Clarion, Iowa, plus a majority stake in Falcon Packaging, for US$37.4 million, doubling its molded pulp packaging capacity. The transaction took effect on December 6, 2018.
International Paper is developing a 159,486 square foot expansion of its Waxahachie plant to make finished corrugated boxes for the local market, according to a letter to the city.
Oak Hill Capital Partners and Canada Pension Plan Investment Board signed a definitive recapitalization agreement for Berlin Packaging, with CPPIB investing US$500 million. The transaction is expected to close by the end of 2018, and Berlin Packaging has about US$1.4 billion in annual sales.
JBB Packaging will open a plastic film manufacturing facility in Weldon, Halifax County, North Carolina, investing $11 million and creating 50 jobs. The facility will recycle plastics and produce flexible packaging and garment bags.
Orora Limited acquired Pollock Packaging, a Texas-based packaging and facility supplies business with distribution centres in several US states, for US$80.5 million (about AUD$110 million). The deal was announced on 29 November 2018.
American Containers in Plymouth, Indiana, announced its third expansion in four years, investing nearly $1.2 million in new equipment and an automated assembly process for corrugated honeycomb products. The expansion is backed by a seven-year property tax abatement approved by the Plymouth Common Council.
Liberty Diversified International has begun construction on a new $45 million facility for its Omaha Box Company subsidiary in Papillion, Nebraska, to make custom corrugated cartons and displays. The plant is slated for completion in 2019.
Resource Label Group acquired US-based Best Label, a labelling solutions provider serving several industries, to expand its footprint along the US west coast. The deal value was not disclosed.
LBP Manufacturing, a US foodservice packaging company, acquired Dominion QSR, the quick-service restaurant packaging unit of Dominion Packaging. Dominion QSR operates a 240,000 sq ft manufacturing facility in the US. Financial terms were not disclosed.
Royal Box Group, a division of Schwarz Partners, acquired Montgomeryville, Pennsylvania-based corrugated packaging maker Mid-Atlantic Packaging, with Mesirow Financial as exclusive financial advisor. The announcement is dated 15 November 2018.
Fortis Solutions Group completed the purchase of two US packaging companies, Austin Label and Premier Georgia Printing and Labels, to strengthen its product portfolio and national footprint.
The US Department of Justice approved WestRock's proposed $4.9bn acquisition of KapStone Paper and Packaging through Whisky Holdco. The deal was originally agreed in January 2018.
Sinclair & Rush, through its VisiPak division, completed the acquisition of thermoform packaging maker MasterPac Corporation of St. Louis, Missouri, expanding VisiPak's thermoforming capacity. Production continues at existing MasterPac sites.
The Royal Group (TRG), a division of Schwarz Partners, acquired corrugated packaging maker Mid-Atlantic Packaging in Montgomeryville, PA, adding a manufacturing facility in the northeast. Terms were not disclosed.
Carolina Poly Inc., which markets products under the Husky brand, is spending $25 million to expand operations in Chester, South Carolina. The announcement was reported in November 2018.
Welch Packaging has acquired Pierce Box and Paper Corporation, a corrugated packaging supplier in Belvidere, Illinois, extending its service area into northern Illinois and southern Wisconsin. Terms were not disclosed.
The U.S. Department of Justice cleared WestRock's pending acquisition of KapStone Paper and Packaging through Whiskey Holdco, with closing expected November 2, 2018 after the last antitrust approval.
DS Smith plans a 550,000-square-foot manufacturing facility in Lebanon, Indiana, with $106 million investment and 140 jobs by December 2020, after city council approved tax abatements.
Universal Forest Products, through an affiliate, acquired Milwaukee-based Pak-Rite, which designs and manufactures custom packaging solutions, to expand its footprint.
Brook and Whittle Holdings agreed to acquire Prime Package and Label Co LLC to grow its prime label business in pressure-sensitive and shrink-sleeve labels.
Bennett Packaging has installed a second Barberan Jetmaster digital press at its Lee's Summit, Missouri site, a 48-inch machine added to its existing 66-inch press.
Orora Limited announced the acquisition of Bronco Packaging Corporation, a Dallas, Texas packaging distributor, for about $24 million to expand Orora Packaging Solutions in North America.
Jamestown Container Companies agreed to acquire the packaging business of General Packaging Products in Medina, Ohio, effective November 5, 2018, with terms undisclosed. Jamestown may hire additional operations staff at its Macedonia, Ohio plant.
Plastipak Packaging will invest $10 million in its Garland, Texas production facility, a roughly 400,000 square foot plant operating since 1996, expected to create six new jobs.
Ball Corporation and One Energy Enterprises plan three additional wind turbines near Ball's Findlay, Ohio metal packaging plant, to supply about 30 percent of the plant's power needs. The project costs about $9 million, financed by One Energy.
Mauser Group, BWAY, National Container Group and Industrial Container Services formed Mauser Packaging Solutions, based in Oak Brook, Illinois, to offer metal, plastic, fibre and hybrid packaging. The announcement was made on October 12, 2018.
Glenroy Inc. of Menomonee Falls, Wisconsin, was selected as the exclusive converter of the new premade STANDCAP Pouch, which it produces using VOLPAK converting technology. The pouch was shown at PACK EXPO International 2018.
Sealed Air Corporation acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging based in Pflugerville, Texas. The sale closed August 1, 2018, and AFP had 2017 net sales of $125 million.
BWAY, MAUSER Group, National Container Group and Industrial Container Services have combined into one packaging company, Mauser Packaging Solutions, headquartered in Oak Brook, Illinois, with over 11,000 employees and consolidated revenue of $4 billion.
Middleby Packaging Solutions, a unit of Middleby Corporation, completed the purchase of the assets of M-TEK, a developer of modified atmosphere packaging systems. Terms of the deal were not disclosed.
Rohrer Corporation, a ShoreView portfolio company, acquired Transparent Container, a Addison, Illinois maker of retail packaging with more than 400 employees and six locations. The deal adds thermoforming capacity to Rohrer's packaging business. It was announced on October 1, 2018.
SeaCa Packaging, owned by Seattle Tacoma Box Company, broke ground on a polypropylene carton plant in Surprise, Arizona, with a $17 million investment, 65 phase one jobs and completion targeted for April 2019.
TemperPack plans to expand manufacturing of its ClimaCell liner material to its Las Vegas, Nevada facility, which will supplement current production in Richmond, Virginia.
HelloFresh is replacing its box liners with curbside-recyclable ClimaCell liners made by TemperPack, and will do the same for Green Chef. The liners are expected to divert 15,000 tons of packaging waste from landfills each year.
Südpack is acquiring flexible packaging converter Seville Flexpack in Oak Creek near Milwaukee, its first overseas production site, with the site becoming part of the group on October 1, 2018 and all employees retained.
IntraPac International, a North Carolina rigid packaging manufacturer, acquired Quality Plastics, an Arizona-based maker of extrusion blow molded plastic containers. The deal was announced on September 24, 2018.
Amcor announced plans to invest more than $25 million to upgrade its Madison facilities in 2018 and 2019, adding capacity, improving quality and updating technology. The expansion is expected to raise plant employment by close to 50 percent.
PCI Pharma Services signed an exclusive collaboration with CSP Technologies for U.S. clinical trials and stability testing using Activ-Blister moisture and gas-scavenging packaging. The packaging aims to speed time to market for pharmaceutical and medical device products.
Printpack is expanding its Prescott Valley, Arizona plant with a 100,000 sq ft facility expected to create at least 30 new jobs.
Rand-Whitney held a ribbon cutting on September 12, 2018 for a 45,000 sq ft expansion at its headquarters in Worcester, Massachusetts, adding equipment, storage and 22 dock doors.
Ring Container Technologies, a packaging manufacturer based in Oakland, Tennessee, is set to open a facility in Louisville, Kentucky later in September 2018 to serve customer Algood Food.
ND Paper agreed to purchase Resolute Forest Products' recycled bleached kraft pulp mill in Fairmont, West Virginia, valued at $55 million. The deal expands its packaging paperboard manufacturing base.
Graphic Packaging International agreed to acquire substantially all assets of the foodservice business of Letica Corporation, a subsidiary of RPC Group, for $95 million. The deal is expected to close in the third quarter of 2018, subject to regulatory review.
Orora Limited has acquired Dallas-based packaging distributor Bronco Packaging Corporation for up to USD 24 million as part of growth in its North American packaging business. Bronco generates over USD 50 million in revenue, mainly serving fresh food manufacturers in Texas.
Exal, a premium aluminum packaging maker, chose Lighthouse Systems' Shopfloor-Online manufacturing execution system to be developed and implemented at its North American operations in Youngstown, Ohio.
Wisconsin folding carton maker Wausau Container will install a fully automated six-color Koenig & Bauer Rapida 105 PRO sheetfed press this fall, its first from Koenig & Bauer and its first 41-inch sheetfed press.
Cooper Container II and Welch Packaging will invest in expanding their Henderson County operations, adding 100,000 square feet at the Lexington manufacturing facility. The project will create about 39 to 40 jobs over three years, with building completion expected in late 2018.