DS Smith has completed its acquisition of the corrugated packaging business of Spain's Grupo Lantero for approximately EUR 190 million, expanding its position in the Spanish market. Grupo Lantero operates seven sites.
Spanish glass container maker Vidrala acquired the remaining 70.7% of Brazil's Vidroporto for EUR 384 million, after an earlier purchase of 29.3% for EUR 53 million, valuing the company at EUR 543 million. Vidroporto operates a plant in Porto Ferreira, São Paulo.
South Africa's Competition Tribunal approved without conditions the intermediate merger between Rebel Packaging, an indirect subsidiary of Mpact, and corrugated sheetplant Box Boyz.
President Container Group acquired garment hanger pack and wardrobe box maker RHE Container Company, completing the deal in December 2023; the integration was announced in a June 2026 release.
Thailand's SCG Packaging (SCGP) agreed to acquire a 70% stake in offset folding carton producer Starprint Vietnam through its Singapore subsidiary, at an estimated value of VND676.08bn ($27.73m). The plant operates in the Long Binh Industrial Zone in Dong Nai, Vietnam.
All4Labels Global Packaging Group is joining Uniflexo, a PSL, shrink sleeve and booklet producer based in São Paulo, Brazil, into its group; the transaction is subject to closing conditions and regulatory approval.
Pact Group and Morrison & Co completed the sale of a 50 per cent stake in Pact's Crate Pooling business to Morrison, creating the 50/50 joint venture Viscount Reuse for reusable plastic packaging crates in Australia and New Zealand.
Austrian-German packaging company Rattpack acquired Giko Verpackungen GmbH, a flexible packaging maker with sites in Weiler (Austria) and Diepoldsau (Switzerland) and around 85 employees, lifting the Rattpack Group's annual turnover to about EUR 150 million.
Mauser Packaging Solutions signed a definitive agreement to acquire Taenza, S.A. de C.V., a Mexico City-based maker of tin-steel aerosol cans and steel pails with five Mexican plants and over 850 employees. Completion is expected by April 2024, subject to regulatory clearances.
France-based Autajon Group acquired Simply Cartons, a folding carton maker with three sites in Nottingham, UK. The company will be renamed Autajon Packaging Simply Cartons, and its management team stays in place.
Japanese paper and packaging manufacturer Rengo acquired a 30% interest in Indian corrugated packaging manufacturer Velvin Containers, which will be renamed Velvin Rengo Containers. Financial terms were not disclosed. Velvin is developing a corrugated plant near Chennai.
Velvin Group and Japan's Rengo formed a joint venture for an upcoming corrugation unit in Cheyyar, Tamil Nadu, with Rengo taking a 30% equity stake. Velvin Containers will be renamed Velvin Rengo Containers Private Limited.
BA Glass acquired a 60% equity stake in Mexican glass packaging producer Vidrio Formas, which has two Mexican plants and will be renamed BA Glass México; the price was undisclosed.
Axium Packaging completed the acquisition of Silte Srl, a family-owned plastic bottle and jar producer in Budrio near Bologna, Italy. Silte has a turnover of EUR 7.5 million and 25 employees.
Unicorr Packaging Group announced the acquisition of Pennsylvania-based TriState Container Corporation, a corrugated packaging maker with three Philadelphia-area facilities. TriState will operate as a subsidiary of Unicorr.
Altamont Capital Partners' portfolio company Specialized Packaging Group closed its acquisition of Complete Packaging on November 7, 2023, adding about 90 employees; Complete operates in Detroit and Monroe, Michigan.
Conner Industries, a provider of lumber, industrial wood crates and pallets, acquired Denver Reel & Pallet Company, a custom wooden crate and pallet business in Denver, Colorado.
Amcor agreed in November 2023 to buy Berry Global for $8.43 billion in an all-stock deal. The companies have cleared the US antitrust waiting period and approvals from other countries, with closing targeted for mid-2025.
Greif entered exclusive negotiations to acquire IPACKCHEM Group SAS, a maker of jerrycans and small plastic containers, from an affiliate of SK Capital Partners in a cash deal valued at $538 million. Closing is expected by the end of Greif's second quarter of fiscal 2024, subject to French consultation and regulatory clearances.
SCG Packaging completed a 100% stake acquisition of UK packaging firm Law Print & Packaging for GBP 10.68 million and an 85% stake in Italian medical supply firm Bicappa Lab for EUR 3.23 million.
VPK Group reached an agreement to acquire a minority share in Ribble, a UK corrugated cardboard company specialising in fanfold based in Oldham, Lancashire. The deal supports VPK's vertically integrated packaging model across Europe.
Valgroup announced the acquisition of Garda Plast Group, formed from Garda Plast and IFAP, which produces PET and rPET preforms. The deal, led by Progressio SGR, strengthens Valgroup's presence in Italy.
IVE Group signed a binding agreement to acquire 100% of Melbourne packaging group JacPak for a total consideration of $35 million. The deal enters the short to medium run folding cartons segment and is scheduled to complete on 31 October 2023.
ALPLA is taking over all of Billerud's shares in Paboco, the Danish joint venture making fully recyclable paper bottles, and becomes majority shareholder to scale up manufacturing. The article is dated 24 October 2023.
ITC Packaging and Erum Group created the joint venture ITC-Erum to improve their international presence and widen their product portfolio and commercial catalogue. The article is dated 23 October 2023 and gives no deal value or location.
Grupo Erum and ITC Packaging signed an agreement to create ITCErum Packaging, a joint venture that will make household and food packaging at Erum's factory in Tangier, Morocco. The venture aims to expand internationally and develop sustainable packaging.
VPK Group signed an agreement to acquire a majority stake in Zetacarton, an Italian corrugated cardboard manufacturer near Como that makes fanfold and big-box packaging. The company had 110 employees and about EUR 75 million revenue in 2022. The financial terms were not disclosed.
German carton and boxes specialist Carton Group acquired London-based luxury packaging company Wrapology for an undisclosed fee.
JK Paper signed a share purchase agreement to acquire 100% of Manipal Utility Packaging Solutions for about Rs 90 crore, a maker of folding cartons, corrugated boxes and labels with four plants in India. Completion is expected within six weeks.
Sumitomo Bakelite signed an agreement to acquire 90% of SB Pax, a new company split from Asahi Kasei Pax's laminated plastic film business, to expand its films and sheets business for pharmaceutical packaging. SB Pax is scheduled to begin operations on 1 April 2024.
GHK Capital Partners completed its acquisition of JohnsByrne, a Niles, Illinois maker of premium folding carton packaging and specialty print solutions. Terms were not disclosed.
Crown Holdings completed its acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. The deal adds about one billion units of annual can capacity and assumes 200 current employees.
Relife Group acquired Scatolificio Deles Spa and its subsidiary Ondulati Menegazzi in October 2023, expanding its corrugated board business in Italy. The deals are expected to lift Relife Paper Packaging capacity to almost 315 million m² of corrugated products next year.
Grupo Lappi acquired CPM-Penta Group, a Madrid-based maker of flexible packaging and labels, in October 2023. Terms were not disclosed.
Advent-backed Imperial Dade acquired the Eugene Allard Produits d'Emballage et d'Entretien division of the Eugene Allard family of companies. Deal value and location were not disclosed in the article.
RECUP GmbH took over reusable container manufacturer Crafting Future GmbH, which became its subsidiary, combining their reusable packaging expertise. The announcement is dated 28 September 2023.
Isem Packaging Group closed the integration of Sacchettificio Toscano, a historic Italian luxury packaging maker, strengthening its position in luxury packaging.
Mason Wells acquired Accord Carton, a manufacturer, with members of the Codo family and other board members and co-investors also holding stakes. The deal was reported on 18 September 2023.
Smurfit Kappa and WestRock announced a merger creating Smurfit WestRock, which will be domiciled in Ireland with global headquarters in Dublin. Smurfit Kappa shareholders will hold 50.4% and WestRock shareholders 49.6%, with closing expected in Q2 2024 subject to regulatory approval.
Cartonajes Vir signed an agreement on August 31, 2023 to acquire 100% of the shares of Cartonastur, S.A. in Asturias, Spain. The combined company will have over 150 workers and revenue above 30 million, with the deal to close before the end of 2025.
Mimir Invest AB completed its acquisition of Billerud Managed Packaging AB from Billerud AB, a unit with 143 employees in Asia, Europe and the USA and 2022 net sales of SEK 770 million.
Shore Capital-backed packaging distributor 360Pack acquired Colorado-based custom packaging solutions provider Team Packaging. No financial terms were disclosed, and founder Mike Anderson will continue to lead commercial strategy.
Saica Group has agreed to acquire a minority share of Pacapime, a Belgian corrugated cardboard company based in Halle with 109 employees and EUR 61 million revenue in 2022. The deal strengthens Saica's presence in the Benelux and France.
Xano Industri completed its acquisition of Integrated Packaging Solutions, a Denver-based canning-industry packaging company with about $16 million turnover, for $21 million in cash, announced August 22, 2023.
XANO signed an agreement, through a subsidiary, to acquire all shares in Integrated Packaging Solutions and its subsidiaries, based in Denver, Colorado. IPS supplies machine equipment and integration technology to metal can manufacturers.
Smurfit Kappa announced the acquisition of Cartonajes Carrion, a Spanish packaging producer located in Alcolea, Cordoba, with a strong presence in high-quality retail packaging and printing. No financial details were published.
Amcor agreed to acquire Phoenix Flexibles, which operates one flexible packaging plant in Gujarat, India, to expand its capacity in India. The deal is expected to close in the September 2023 quarter.
Graphic Packaging Holding has agreed to acquire Bell Incorporated, which has three packaging facilities in the Midwest consuming 95,000 tons of paperboard a year. The deal is expected to add about $200 million in sales and close in Q4 2023, subject to regulatory approvals.
Private equity firm Clayton, Dubilier & Rice agreed to buy packaging firm Veritiv in a $2.3 billion deal that would take it private. CD&R will pay $170 per share in cash, a nearly 20% premium to the last close.
Protective packaging company Glenhaze, based in Bathgate, Scotland, was acquired by McLaren Packaging in September 2023, according to a company profile page.