The EBRD, private equity firm Actera and Esas Holding are acquiring a majority stake in Korozo Ambalaj, a Turkish flexible packaging producer that is building a new facility in Corlu, Tekirdag.
Austrian packaging manufacturer ALPLA agreed to acquire a 100% stake in Star East Pet SRL, a PET preform producer based in Brasov, Romania. Completion is expected in mid-2017, subject to antitrust approval; financial terms were not disclosed.
Sources say Bedminster Capital has authorized the sale of its 80% stake in Turkish packaging company Propak Ambalaj, with Constantia Flexibles among four interested bidders. Propak did not comment.
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.
Klöckner Pentaplast (KP) signed a binding agreement to acquire Linpac Senior Holdings for an undisclosed sum, creating a global rigid and flexible film producer with combined revenues above $2 billion, expected to close in summer 2017.
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.
Plastic Omnium finalized the sale of seven European automotive exterior sites (four in France, one in Spain, two in Germany) to Flex|N|Gate for an enterprise value of €200 million, a disposal required by the European Commission after the Faurecia Auto Exterior takeover.
Wisconsin-based Vonco Products LLC acquired Genesis Plastics Welding of Fortville, Indiana, merging the two firms' contract manufacturing and plastic packaging capabilities.
Bain Capital is buying Belgian PET preform specialist Resilux, alongside its acquisition of Petainer, with the businesses possibly being combined.
Private investment firm Bain Capital, through its Europe fund, is acquiring UK packaging company Petainer, a deal that runs alongside its purchase of Belgian preform maker Resilux and may see the businesses combined.
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.
Dutch packaging company Mauser Group agreed to be acquired by BWAY Corp., backed by Stone Canyon Industries, in an all-cash deal of $2.3 billion. The sale followed a planned U.S. IPO that was pulled.
Stone Canyon Industries signed a definitive agreement to buy Mauser Group N.V., a rigid industrial packaging maker, from Clayton, Dubilier & Rice in an all-cash deal valued at $2.3 billion. Mauser has 4,500 employees and 111 manufacturing facilities across 18 countries.
Mondi Group bought UK-based Excelsior Technologies from funds managed by Endless and minority shareholders for a total consideration of GBP 33 million on a debt and cash-free basis. Excelsior operates plants in Deeside and Nelson and makes flexible food packaging.
Berry Plastics has completed its acquisition of AEP Industries, expanding its product offerings and production capacity in its Engineered Materials Division. Berry issued 6.5 million shares and paid $297m in cash, and eliminated $164m of AEP's debt.
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.
PTT Global Chemical's subsidiary Solution Creation Company agreed a joint venture with SP Petpack, taking a 25% share in SP Petpack Inter Group (Thai) for about Bt50 million to build a packaging factory in Myanmar.
Hera subsidiary Herambiente signed a binding agreement to acquire the Aliplast Group from Aligroup S.r.l., with an enterprise value of roughly EUR 100 million, paid in stages through June 2022.
Austrian plastic packaging group ALPLA has acquired Star East Pet, a Brasov, Romania producer of PET preforms, in a deal signed earlier in 2017 with undisclosed value and expected to complete mid-2017.
Canadian packaging company CCL Industries agreed to acquire Innovia Group from private equity investors led by The Smithfield Group in a deal worth CA$1.13 billion ($840 million), announced December 2016.
CCL Industries has agreed to acquire the Innovia Group, a producer of BOPP films, from a UK consortium managed by The Smithfield Group for about $1.13 billion, debt free. Closing is expected by the end of Q1 2017.
Munich-based industrial holding Armira acquired PolyCine GmbH, a supplier of non-PVC PP films and tubes for pharmaceutical IV and blood bags with headquarters in Schiffweiler, Germany. MP Corporate Finance advised the founders on the succession sale.
RPC announced a proposed acquisition of Maastricht-headquartered ESE World BV for around €262.5 million. ESE will become an independent unit within RPC Promens, with completion expected in Q1 2017 subject to regulatory approval.
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.
Newell Brands agreed to buy New Zealand-based Sistema Plastics for about $470 million and Virginia-based Smith Mountain Industries for $100 million, adding food storage and home fragrance brands.
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.
Wellspring Capital Management has sold its 100% stake in flexible packaging company ProAmpac to Pritzker Group Private Capital. Financial terms were not disclosed.
Collcap Group is set to merge with Spanish packaging manufacturer Quadpack Industries. Quadpack will retain its brand name and Collcap's office in Leek, UK.
Corbion and Total announced a 50/50 joint venture to produce and market PLA polymers, based in the Netherlands. Operations are expected to start in Q1 2017, subject to regulatory approvals.
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.
Saudi Aramco acquired the Converge product line with associated operations and technologies from U.S.-based Novomer Inc. of Waltham, Massachusetts.
Plastipak Packaging completed the acquisition of the business assets of Evolve Polymers Ltd. from Aurelius at its Hemswell Cliff site in the UK, which can process 6 to 9 billion PET bottles a year. The business began operating immediately under Plastipak's ownership.
Amcor agreed to acquire Hebei Qite Packing, a Chinese flexible packaging company, for RMB 185 million (about USD 28 million). The deal is expected to expand Amcor's flexible packaging business in Asia.
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.
Precision Global, a portfolio company of Peak Rock Capital and maker of valves and dispensing solutions, has acquired Australian plastics maker Ralpet Plastics Pty Ltd. The deal was reported on 2016-10-14.
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.
Private equity firm Warburg Pincus sold Clondalkin Flexible Packaging Group to Egeria; the deal closed in December 2016 and its value was undisclosed.