Grupo Phoenix will invest $48.7 million to expand its Phoenix Packaging Operations plant in Dublin, Pulaski County, Virginia, creating 145 new jobs. It is the company's third expansion there.
Loews Corporation has agreed to acquire Consolidated Container Company, a rigid plastic packaging manufacturer, from Bain Capital Private Equity for approximately $1.2 billion, with closing expected in the second quarter of 2017.
Principle Construction Corp. has completed construction of a new 267,000 sq ft build-to-suit plastics manufacturing facility for Winpak Portion Packaging in Sauk Village, Illinois.
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.
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.
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.
Wisconsin-based Vonco Products LLC acquired Genesis Plastics Welding of Fortville, Indiana, merging the two firms' contract manufacturing and plastic packaging capabilities.
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.
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.
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.
Sterilite Corp of Townsend, Maryland plans a new 2.5 million square foot plastics facility in Davenport that would create 500 jobs over five years. City estimates put land and building costs at $73 million.
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.
Amcor Rigid Plastics purchased a Sacmi CBF20 20-cavity compression blow forming machine for making HDPE pharmaceutical bottles at its Youngsville, North Carolina plant, announced in late 2016.
Wellspring Capital Management has sold its 100% stake in flexible packaging company ProAmpac to Pritzker Group Private Capital. Financial terms were not disclosed.
Amcor Rigid Plastics will invest $45 million to add 186,000 square feet of production and warehousing space at its Bellevue, Ohio plant, with incentives structured by Silverlode. Additional employees will be hired.
Wood Group won a USD 40 million contract from ExxonMobil Chemical to provide main automation contractor services, covering detailed design and construction of process control systems for a new polyethylene plant in Beaumont, Texas.
IPL Inc. acquired Encore Industries Inc., a producer of rigid plastic packaging with three US facilities in Ohio, Georgia and Minnesota, for US$35 million. The deal was made with parent One51 and partners Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ.
Sonoco has acquired Plastic Packaging Inc., a privately held Hickory, North Carolina flexible packaging maker with about $42 million in expected 2016 sales and roughly 170 employees. The deal adds short-run flexible packaging capabilities in the southeast US.
Amcor Rigid Plastics completed its acquisition of Sonoco's Global Plastics blow molding business in North America, adding seven plants in the U.S. and Canada and about 850 employees. Terms were not disclosed.
Trelleborg Sealing Solutions has finalised the acquisition of privately owned US distributor Anderson Seal LLC, which distributes seals, gaskets and custom-moulded products. The deal was reported on 2016-09-13.