Crown Holdings announced the acquisition of Helvetia Packaging AG's beverage can and end manufacturing facility in Saarlouis, Germany, adding about one billion units of annual can capacity. Completion is expected by the end of 2023, subject to German antitrust approval.
Autajon, a packaging and labelling company, completed its acquisition of packaging firms Simply Cartons and Simply Luxe on 2 August 2023. Financial terms were not disclosed.
One Rock Capital Partners agreed to acquire packaging manufacturer Constantia Flexibles from Wendel for net proceeds of around EUR 1.1 billion. Closing is expected in the second half of 2023, subject to regulatory approval.
DS Smith agreed to acquire Bosis doo, a Serbian maker of offset cardboard and blister packaging, via a share transaction expected to complete in the second half of its financial year. The deal strengthens its East Europe packaging business.
Carton Group, owned by Waterland, signed an agreement to acquire the operating business of Europoligrafico, an Italian packaging supplier with about EUR 60 million turnover and two Italian plants. Closing is expected in early autumn 2023.
ITC Packaging and the Erum Group created a joint venture, ITCErum Packaging, to sell their packaging solutions in Morocco first and expand internationally. The venture combines ITC's thin-walled plastic packaging with Erum's regional distribution network.
SOLV Holdings LLC acquired Elkhart-based Maverick Packaging Inc., a maker of packaged liquids for the hospitality industry. The deal is expected to pair Maverick with SOLV's Bomag Group in Angola, Indiana.
RDM Group finalized the acquisition of 100% of Fiskeby International Holding AB, a Swedish producer of recycled-fibre packaging board with a 170,000-tonne-per-year mill. The deal makes RDM the largest independent recycled board producer in Europe.
According to banking sources reported by KED Global, US private equity firm TPG agreed to buy a 100% stake in South Korean cosmetic packaging supplier Samhwa at a price in the mid-300 billion won range, about $236.9 million, with CEO Cho Seong-hwan buying a minority stake back.
Mimir Group agreed to acquire the Managed Packaging business unit from Billerud AB, which offers customized packaging solutions with manufacturing in Asia. The transaction is expected to complete in August 2023.
Hinojosa Packaging Group closed a 49% shareholding agreement in ASV Packaging, a French maker of sustainable food and beverage packaging. The deal expands Hinojosa's presence in the French and Spanish markets.
CCL Industries announced its C$38.1 million purchase of Creaprint, a mold-label producer with a facility in Alicante, Spain and a sales office in Miami. Creaprint reported C$17 million in 2022 sales.
CCL Industries closed its C$44 million acquisition of Pouch Partners from a company owned by Capri-Sun Group. Pouch Partners makes printed and laminated flexible film for pouches and reported C$104 million in sales last year.
Saica Group acquired a minority share in Adda Ondulati and Cartorobica, two Italian corrugated board plants in Annone di Brianza and Pietrasanta with 2022 revenue of EUR 105 million and 247 employees.
China's SAMR advised Shandong Xinjufeng Technology Packaging to file its proposed acquisition of a 28.22% stake in Hong Kong-listed Greatview Aseptic Packaging from JSH Ventures. The regulator's move is considered unprecedented in hostile takeover filings.
Berlin Packaging announced on July 4, 2023 the acquisition of Athens-based Coropoulis Packaging S.A., a supplier of closures, corks and glass containers, with all employees and locations retained.
AFIG Funds and Norfund announced the joint acquisition of Nouvelle Mici Embaci, a corrugated packaging and polypropylene bag maker in Cote d'Ivoire, to fund modernisation and regional growth.
Irish packaging company Zeus Packaging has acquired Cima Paper, with deal consideration not disclosed. Zeus employs about 1,100 people across 51 locations in 30 countries.
BA Glass acquired a majority stake in Vidrio Formas, a Lerma, Mexico maker of customized glass containers, in July 2023. Financial terms were not disclosed.
Italian packaging group Goglio acquired Mega Embalagens, a Brazilian maker of flexible packaging for food, hygiene and pet food, in July 2023. Terms were not disclosed.
Emballator Group agreed to acquire Europak Oy, an Espoo-based maker of blow-moulded plastic canisters with about EUR 8 million turnover; closing is expected on 1 September 2023 and the price was not disclosed.
Ireland-based Bevcraft Group acquired the mobile canning business of Tripod Canning in Mountainside, New Jersey, entering the US market; it is its third acquisition in 18 months.
ACG took full ownership of Technical Aluminium Foil Company, a UAE-based aluminium foil packaging maker serving pharmaceutical and food industries, marking ACG's first venture in the Middle East.
Irish packaging group Zeus Group announced the acquisition of Cima Paper S.p.A., an Italian paper and board converter with annual revenues of EUR 65 million, to strengthen its vertically integrated packaging supply chain.
All4Labels Global Packaging Group signed an agreement to acquire Brazilian healthcare packaging companies Faberprint, Allbox and Involv Labels as wholly-owned subsidiaries, subject to closing conditions including regulatory approval. Terms were not disclosed.
All4Labels Global Packaging Group agreed to acquire Springfield Solutions, a UK supplier of digital packaging assets, subject to closing conditions. Terms were not disclosed.
Irish investment group Packaging Holdings has merged with Grafham Holdings, a UK maker and distributor of food packaging and DayMark printed labels with turnover of about GBP 30 million and around 120 employees. Grafham operates sites in Birmingham, Kent, Cheshire and Nottinghamshire. The deal was announced on 21 June 2023 and the price was not disclosed.
Zeus Group has acquired James Hamilton Group, a Northern Irish print and packaging business with annual sales of EUR 18 million and over 120 employees. The deal supports Zeus Group's 2023 growth strategy targeting group revenues above EUR 500 million.
Allpack and Eastpac Group announced a merger under the Allpack name, combining their packaging product ranges, production and warehouse capacity and distribution networks. The article does not give a deal value.
Sarantis Group completed on June 14, 2023 the acquisition of the 20% minority stake in Poland-based packaging maker Polipak sp. z o.o. for 22 million PLN via its subsidiary Sarantis Polska, giving it full ownership.
Tomypak Holdings Bhd, via its subsidiary Tomypak Flexible Packaging, proposed to acquire a 70% equity interest in flexible plastic packaging firm EB Packaging Sdn Bhd for RM73.5 million, with completion expected in Q4 2023.
Saudi Arabia-based United Carton Industries Co (UCIC) has completed the acquisition of Gulf Paper Manufacturing Co, whose Dubai mill produces fluting, testliner and tissue paper.
Sydney private-equity firm Adamantem is understood to be in talks to acquire PAC Trading, a western Sydney wholesale food packaging supplier. The report is unconfirmed and no value was given.
Constantia Flexibles has completed its acquisition of Drukpol Flexo, a Polish flexible packaging company known for printing and converting for food and HPC markets. The deal strengthens its European flexo printing platform. Deal value was not stated.
PM Corporate Group acquired AMP Printing + Graphics, strengthening its high-graphic packaging manufacturing in Sacramento, Tijuana and China. The combined business will operate as PM Packaging with about 1,500 employees across six units.
National Bank Private Investment acquired a stake in Induspac Group, a Canadian designer and manufacturer of customized industrial packaging. The stake size and deal value were not reported.
SB Packagings and Constantia Flexibles have finalised their joint venture after CCI approval, under which SB Packagings acquires C-Flex India entities (Creative Polypack, Aparna Paper, Vibgyor, Parikh Flexibles) in a share swap, with Premji Invest as shareholder.
Constantia Flexibles and SB Packagings have finalised a joint venture, SB-Constantia Flexibles, to make sustainable food and hygiene packaging in India and South Asia, with investment from Premji Invest after Competition Commission of India approval. The JV operates nine plants.
Grupo Envases intends to acquire Domiberia, a Spanish maker of metal packaging for food and industrial products with operations in Spain and the Netherlands, from Everest Holdings/La Familia Domínguez in a cash deal. Closing is subject to competition approval and expected in Q3 2023.
ALPLA Group acquired the iTEC Packaging (Mansfield) business, a producer of closures mainly for dairy, in the UK. The takeover was contractually agreed on 26 May 2023 and the staff will be taken over in full. Terms were not disclosed.
Mondi plc completed the acquisition of the Western Europe packaging assets of Schumacher Packaging, adding corrugated converting and solid board operations in Germany, Benelux and the UK. The acquired plants include two mega box plants at Ebersdorf and Greven in Germany, and the deal adds over 1 billion square meters of capacity.
Norfund and AFIG Funds announced the joint acquisition of Nouvelle Mici Embaci, a subsidiary of Carré d'Or Group and a leading packaging maker in Côte d'Ivoire, to modernise operations and expand regionally. Acquisition financing was provided by Bridge Bank and Mauritius Commercial Bank.
Gelpac, a Canadian packaging manufacturer, announced the acquisition of Standard Multiwall Bag Mfg. Co., a maker of industrial and food-grade multiwall bags with plants in Beaverton, Oregon and Lubbock, Texas. The deal was financed by CDPQ, W Investments and a bank syndicate led by National Bank of Canada.
Amcor signed a definitive agreement to acquire privately held Moda Systems, a New Zealand manufacturer of automated vacuum protein packaging machines for meat, poultry and dairy. The deal adds equipment and services to Amcor's film portfolio. No value was disclosed.
Bobst Group acquired a 70% equity stake in Dücker Robotics s.r.l., an Italian maker of robots for loading and palletizing in the corrugated board sector. The deal closed on April 28, 2023, and the current management stays in place.
New-Indy reached an agreement with Georgia-Pacific to acquire Reliable Container, which has facilities in Santa Fe Springs, California and Tijuana, Mexico. The units will join New-Indy's Tripaq-Group converting operations on the West Coast.
TIPA Compostable Packaging acquired Bio4Pack, a European compostable packaging maker, on May 4, 2023. The deal adds paper packaging, trays and nets to TIPA's range and brings sales staff and warehousing in the Netherlands and Germany.
RDM Group signed an agreement to acquire Fiskeby, a Swedish producer of recycled packaging board from 100% recovered fiber, with a mill capacity of 170,000 tonnes per year; closing is expected by Q3 subject to antitrust clearance.
Macfarlane Group acquired 100% of A & G Holdings, owner of Gottlieb Packaging Materials, a Manchester-based protective packaging distributor, for a maximum cash consideration of £3.55 million including an earn-out.
Private equity firm Kent Road Capital completed the acquisition of a majority stake in CuBE Packaging Solutions, a reusable packaging solutions provider. Financial terms were not disclosed.