SouthCorr, a corrugated packaging manufacturer owned by Interstate Resources, plans to invest $6.7 million to expand its plant in Asheboro, Randolph County, North Carolina, creating 22 new jobs.
SWF Companies, a wholly-owned subsidiary of Dover Corporation, acquired Tisma Machinery Corporation of Elk Grove Village, Illinois, a maker of high-speed cartoning machinery.
Winpak Portion Packaging agreed with Dermody Properties' DP Partners to develop a 267,000 sq ft manufacturing facility in the DP LogistiCenter at Sauk Village, Illinois, creating 40 jobs, as part of a $30m investment.
PPG completed a $3m expansion of its packaging coatings manufacturing at its Oak Creek, Wisconsin plant, adding a 3,300 sq ft facility to produce food can coatings.
PPG opened a nearly $3 million expansion at its Oak Creek, Wisconsin, plant, adding a 3,300-square-foot facility for food-can coatings production.
ARI Packaging signed a 10-year lease for a building at 456 International Parkway in Minooka, Illinois, to serve as a manufacturing and distribution site. The article gives the size as both 445,479 and 456,479 square feet.
Pretium Packaging announced the acquisition of Patrick Products Inc., a rigid blow-molded plastic container producer based in Leipsic, Ohio, serving janitorial, automotive and household chemical markets. The deal combines the two companies' North American footprints.
Kansas City-based Alphapointe signed a seven-year contract to produce prescription bottles for Express Scripts Holding Co., a private-sector addition to its existing Veterans Affairs bottle contract, reported on 27 March 2017.
BWAY Corporation completed the acquisition of the assets of Ball Corporation's metal packaging business in Hubbard, Ohio, which produces general line, household and specialty metal containers, announced on 27 March 2017.
Pratt Industries opened a $60 million corrugated packaging facility in Beloit, Wisconsin on 20 March 2017. At full capacity the 350,000 sq ft plant will employ 140 people and produce 600 tons of recycled boxes a day.
Liberty Diversified International added to its packaging portfolio by acquiring a Midwest corrugated carton and display manufacturer based in Illinois. Financial terms were not disclosed.
Asheboro and Randolph County approved $190,000 in incentives for SouthCorr Packaging to expand its local operation with an $8 million investment and 22 new jobs, on top of its 96 existing Triad jobs.
Inline Plastics Corp. has added six new thermoforming lines and expanded its facilities, including 157,200 sq. ft. of space in Georgia, to meet growing demand for its food packaging products.
Lindal Group finalized plans to build a $20 million, 100,000-square-foot manufacturing facility on 15 acres in the Woodside Northwest Industrial Park in Columbus, Indiana, consolidating its three local facilities. Peterson Co. of Indianapolis was chosen to build it, with groundbreaking planned for spring 2017.
Corrugated Container Corporation announced a $3 million expansion of its Piney Flats, Tennessee box plant, adding a 64,000 square foot warehouse addition. Construction is expected to begin later in March 2017, and additional jobs could be created.
Wisconsin-based Vonco Products LLC acquired Genesis Plastics Welding of Fortville, Indiana, merging the two firms' contract manufacturing and plastic packaging capabilities.
Sonoco will invest $20 million to develop a packaging center in Atlanta supporting Duracell's new North American battery packaging operation, with full production expected in Q4 2018.
Welch Packaging Group added new corrugation equipment in a new factory addition in Elkhart, Indiana, enabling it to make its own cardboard; the first board came off the machinery on Nov. 14.
Australia's Orora agreed to acquire The Garvey Group of Niles, Illinois and Graphic Tech of Fullerton, California for a total of $54 million. Completion is expected by the end of March 2017; the announcement is dated 2017-02-24.
A Cascades and Sonoco joint venture plans to invest $16 million to expand its Birmingham, Alabama plant for a new line of recyclable take-out containers. The line is expected to start up by mid-2018; the announcement is dated 2017-02-24.
TemperPack will invest $2 million to expand its headquarters and manufacturing operations in Richmond, Virginia, creating 23 new jobs. The expansion was announced by the Richmond mayor and Virginia's Secretary of Commerce and Trade.
Graphic Packaging International will supply a QuikFlex 2100 beverage cartoning machine to City Brewing Company's Memphis, Tennessee packing site. The variety pack line adds 9.5 million cases a year to the plant's 50 million case capacity.
Sonoco signed a definitive agreement to acquire Peninsula Packaging Company, a thermoformed fresh-produce packaging maker in Exeter, California, for about $230 million in cash. The deal is expected to close by Q2 2017.
RPC Group has acquired Letica Corp., which makes injection-molded and thermoformed containers, packaging and paper products for end markets including food service. The deal value is not stated in this article.
Sappi will invest US$165 million to rebuild Paper Machine No. 1 at its Somerset Mill in Skowhegan, Maine, to make consumer packaging products. The project adds 180,000 metric tons of capacity and is slated to come online in early 2018.
Huhtamaki is building a new 750,000 sq ft warehousing, distribution and manufacturing facility in Goodyear, Arizona, with investment exceeding $100 million and about 300 jobs. Verst Group Logistics will manage the operation under a long-term contract.
Henkel opened exclusive negotiations with GCP Applied Technologies to acquire Darex Packaging Technologies, a Cambridge, Massachusetts maker of sealants and coatings for metal packaging, for USD 1.05 billion in cash. Darex has about 700 employees at 20 sites.
KapStone Paper and Packaging Corporation completed the acquisition of assets of Associated Packaging, Inc. from Scott Dorris and Brad Dorris on February 1, 2017. No purchase price was given in the article.
Response Packaging, a returnable packaging manufacturer, is expanding its existing facility at 1698 Perimeter Road in Greenville, South Carolina, with $5 million of new capital investment and 100 new jobs.
Cleveland Steel Container Corporation acquired privately held U.S. Coexcell, Inc. of Maumee, Ohio, a maker of multi-layer plastic drum packaging, in a transaction for which P&M Corporate Finance was exclusive financial advisor.
Sonoco Products will invest about $20 million in a new packaging center in Fairburn, Fulton County, Georgia, creating 130 full-time and 465 part-time jobs to support Duracell's North American battery packaging operation.
Crown Paper Group's Montebello Container installed an automated dry end at its La Mirada sheet feeder plant plus conveyors, unitizers and wet-end upgrades, and improved safety and waste at Pico Rivera and Santa Fe Springs. Montebello increased production more than 20 percent in 2016.
Crown Paper Group promoted Anthony Salcido to chairman and Larry Vas to president of Montebello Container Corporation, a Southern California corrugated sheet producer it acquired in 2015.
US packaging company WestRock will buy Multi Packaging Solutions International for about $1.39 billion to expand its spirits, confectionery and cosmetics packaging portfolio. The report was published on January 24, 2017.
WestRock agreed to acquire all outstanding shares of Multi Packaging Solutions (MPS) for $18.00 per share in cash plus about $873 million of net debt, a total enterprise value of $2.28 billion. The deal was announced on January 24, 2017.
Colorado Springs-based Packaging Express has a new 30,000 square foot plant in Denver to make custom corrugated boxes for customers on the northern side of Colorado.
Packsize International will expand its Utah operations, adding up to 354 jobs over seven years and an expected $9.2 million in capital investment, with the company positioning Utah as its global base.
Amcor Rigid Plastics will invest $40 million to double production at its Bellevue, Ohio facility, adding 126,000 sq ft of manufacturing space and 85,000 sq ft of warehouse space, with completion expected next year.
Amcor Rigid Plastics will invest $40 million to double production at its Bellevue, Ohio facility, adding about 126,000 sq ft of manufacturing space and 85,000 sq ft of warehouse space, supported by a JobsOhio grant. The expansion started in 2017 and is expected to finish in 2018.
Food and beverage container maker Genpak agreed to buy the 333,000 sq ft former International Paper building at Westlake Business Commons in Charlotte for about $15.8 million. It will use the site as its new headquarters and manufacturing plant.
Aptar Pharma is nearing completion of an expansion at its Congers, New York manufacturing site to better serve North American pharmaceutical customers.
LBP Manufacturing, a maker of paper and plastic food packaging, will spend $6 million to renovate the former BAE Systems building in Jessup, Lackawanna County, and create 74 full-time jobs over three years.
Crown Cork and Seal, part of Crown Holdings, is set to begin production in January 2017 at its $132 million beverage can plant in Nichols, Tioga County. The plant is expected to eventually employ 160 people.
New-Indy JV Corp., a joint venture of the Kraft Group and Schwarz Partners, acquired triPAQ, which makes custom corrugated packaging at plants in Cerritos, Santa Ana and Mexicali. 555 Capital Advisors was the exclusive financial advisor on the deal.
Clearwater Paper acquired Manchester Industries, a paperboard sales, sheeting and distribution supplier with five facilities in the US, from PaperWorks Industries for $68.25 million in cash. The deal was announced on 16 December 2016.
Ball Corporation will close its Reidsville, North Carolina beverage can plant next year, eliminating about 150 jobs. The company expects an after-tax charge of about $18 million, mostly for severance, pensions, impairments and shutdown costs.
New-Indy JV Corp. has agreed to acquire triPAQ, Inc., a family-owned corrugated packaging company with plants in Santa Ana and Cerritos, California, and in Mexicali and Tijuana, Mexico. Terms were not disclosed.
Chicago private equity firm Wind Point Partners has acquired Paragon Films, a manufacturer of cast stretch films headquartered in Broken Arrow, Oklahoma, which operates three plants in Oklahoma, North Carolina and Washington state. Terms were not disclosed.
Stone Canyon Industries, via its BWAY Corp unit, is in exclusive talks to buy industrial packaging company Mauser Group from Clayton Dubilier & Rice for more than $2 billion, though no deal is certain.
SKS Bottle & Packaging plans to move to a 22-acre site off Geyser Road in Saratoga Springs, New York, with a 128,000-square-foot headquarters, warehouse and distribution center, with a long-term goal of 250,000 square feet.