New-Indy Containerboard, a joint venture of Schwarz Partners and Kraft Group, acquired Proactive Packaging and Display, a corrugated display packaging maker in Ontario, California, on 9 May 2019. Mesirow Financial advised the seller and no financial terms were disclosed.
H.I.G. Capital has completed the simultaneous acquisition of Cadica, Tessilgraf and Bernini, forming a global leading trim and packaging manufacturer for the premium and ultra luxury fashion industry.
Cormo USA Inc. announced it will establish its first U.S. production plant in Rushville, Indiana, investing approximately $29.5 million and creating 250 new jobs by the end of 2023. The facility will process corn field waste into sustainable peat moss substitute and foam products.
Saplex, a producer of garbage and freezer bags, expanded its factory in Canovelles with two new floors and invested €4 million in new machinery, including €2.5M for sewing machines, €1M for building conditioning, and €500,000 for extrusion machines.
Mondi Corrugated Packaging is investing about €30 million at its Ansbach facility in Southern Germany, including a new corrugator due for completion in 2020, to expand Heavy Duty corrugated production.
Ian and Cheryl Bernstein bought Trenton Corrugated Products, a corrugated box maker in Trenton, New Jersey, from its founders. A $2.5 million M&T Bank loan with NJEDA participation financed the purchase of the 160,000-square-foot building, and the company expects to hire 10 employees.
Ecolean Pakistan is setting up a manufacturing facility at Sundar Industrial State, Lahore with a total investment of $110 million. The plant will produce food packaging for the domestic market and export to Asia and the Middle East.
HCI Equity Partners announced a recapitalization of Manufacturing Solutions International (MSI), merging it with portfolio company Express Packaging. The combined entity expands contract packaging and manufacturing capabilities for human food and pet food markets.
Pregis is investing $6 million in its Grand Rapids, Michigan facility to add a third multilayer Windmoeller & Hoelscher blown film line to meet growing demand. It follows a $23 million investment in the first two lines and related equipment made between 2016 and 2018.
Schoeneck Containers has secured occupancy permits and is moving into its new 220,000-square-foot manufacturing facility in Delavan, Wisconsin, on land bought from the city. The facility is expected to create 40 jobs, with 20 more within three years.
Ecolean is constructing its second packaging production facility in Landskrona, Sweden, with an investment of approximately €30m ($36m), employing 100 people upon completion in 2020.
Koios Beverage Corp. is working with Ball Corporation to produce 1,000,000 printed KOIOS cans as production ramps up to meet current demand.
New-Indy JV Corp. acquired Proactive Packaging and Display, a corrugated packaging and display producer in Ontario, California, closing the deal on May 1, 2019. Financial terms were not disclosed.
Berkley International broke ground in May 2019 on an 80,472 sq ft manufacturing and distribution facility in Sparks, Nevada, relocating operations from California. The project includes $5.9 million for land and $1.6 million for equipment, and will employ 28 people.
Sealed Air signed a definitive agreement to acquire US-based automated bagging systems maker Automated Packaging Systems for a total consideration of $510 million on a cash and debt-free basis. The deal is subject to regulatory approval.
Mondi Corrugated Packaging will invest €30 million in its Ansbach plant in southern Germany, including a new corrugator scheduled for completion in 2020. The investment will raise the plant's annual capacity by a double-digit percentage.
Cascades Sonoco inaugurated its expanded Birmingham, Alabama facility and a new production line for water-based coated paperboard. The US$17 million investment has capacity of 50,000 tonnes per year.
Ilpra, an Italian packaging machinery producer, acquired an 80% stake in Veripack, a manufacturer of thermoforming machines for food and medical packaging, for a lump sum of €24,000. The deal aims to expand Ilpra's product range and boost exports to India.
Ishida Europe signed a cooperation agreement with Allwin Packaging International, Kenya's top packaging machinery supplier, to enter the East African food market. Allwin will act as an agent for Ishida Europe in the region.
Windmoeller & Hoelscher announced a partnership with TC Transcontinental Packaging to supply two VAREX II blown film lines, including a 9-layer barrier line for the Whitby, Ontario plant and a 3-layer line for PE films. The lines are scheduled to start up in fall 2019.
Bison Bag is adding to an existing building in Lockport, NY, bringing the total plant size to approximately 140,000 sq ft when finished in 2020. The expansion is part of a larger plan that includes new packaging machinery.
Cenveo Worldwide sold its long-run labels and receipt paper assets to Iconex LLC, a portfolio company of Atlas Holdings, including plants in Joplin, MO, Jefferson City, TN and Vernon, CA. Financial terms were not disclosed, announced April 30, 2019.
Next Generation Films and Charter NEX Films announced a definitive agreement to join forces, backed by private equity firms Leonard Green & Partners and Oak Hill Capital. The combined company will have 11 manufacturing plants and more than 100 extrusion lines in Ohio, Wisconsin, South Carolina and Massachusetts.
JBT Corporation signed a definitive agreement to acquire Proseal uk Limited, a tray sealing technology provider headquartered in Adlington, UK, for £220 million before adjustments, with closing expected in Q2 2019.
JSC Arkhbum, a Russian corrugated producer, commissioned a new Emba 175QS Ultima four-colour casemaker at its Podolsk plant near Moscow, replacing older lines. The modernisation of the factory is ongoing and expected to be completed in 2020.
American Packaging Corporation announced a $50 million expansion adding 126,000 square feet to its Roto Center of Excellence in DeForest, Wisconsin, with two new rotogravure presses, an adhesive laminator and slitting equipment.
Mitsubishi Chemical Corporation announced it will increase annual production capacity of SoarnoL EVOH resin by 3,000 tons to 41,000 tons at its Noltex subsidiary in Texas, USA. The expansion is slated to take effect in summer 2020.
Beneco Packaging and its subsidiary SoOpak have opened a second facility in Scarborough, Ontario, which will be a design, manufacturing and finishing production house once fully operational.
U.S. Corrugated Inc. plans to invest about $75 million in a corrugated packaging operation in Lebanon, Indiana, creating about 140 jobs. The Lebanon City Council approved an incentive package for the project.
Austria's Prinzhorn Group has signed an agreement to buy a 50% stake in Russian paper and corrugated packaging maker SFT Group, which will become a joint venture. The deal is subject to regulatory approval and its value was not disclosed.
Thimm installed a new Fosber corrugator at its Sibiu, Romania plant, tripling corrugated cardboard capacity, with about EUR 10.4 million invested in the site over two years.
Romania's National Administration of State Reserves and Special Problems awarded Raficon Trade a framework contract worth RON 7,800,000 to supply 200,000 polypropylene flexible containers.
Bilcare will invest EUR10 million in new PETG capacity for shrink films and medical device films.
Tekni-Plex Inc. entered a definitive agreement to acquire three manufacturing facilities in Milwaukee, Ashland and Madison from Amcor Limited for approximately $220 million. The deal resolves antitrust concerns related to Amcor's merger with Bemis.
Epsilon Bidco, an affiliate of Blackstone funds, agreed via a share purchase agreement and mandatory open offer to acquire up to 75% of Essel Propack Limited, signed April 22, 2019 and approved by India's CCI on June 3, 2019.
Blackstone agreed to buy a 51% stake in Essel Propack, an Indian laminated tubes and specialty packaging maker, from Ashok Goel Trust for up to $460 million, with a mandatory open offer for a further 26%.
Amcor entered a binding agreement to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash as part of remedies for its Bemis transaction, with completion expected on 15 May 2019.
Amcor agreed a binding deal to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash to resolve US DOJ concerns over its Bemis merger.
Klabin approved its largest-ever investment, the Puma II project, estimated at R$9.1 billion. It includes two kraftliner paper machines with integrated pulp production at its Ortigueira site in Paraná, with total capacity of 920,000 tonnes per year.
Construction of a multi-layer aseptic packaging plant is underway in Bolshoy Kuganak, Sterlitamaksky District, with investment of RUB 1.8 billion and 110 jobs. Equipment installation to start in May-June 2019.
Cascades invited media to the official inauguration of its packaging plant in Piscataway, New Jersey, a US$76 million investment, scheduled for April 18, 2019.
BillerudKorsnäs has begun trial runs of KM7, one of the world's largest board machines, at its Gruvön mill in Sweden. The total investment was later estimated at SEK 6.84 billion, including a major mill conversion.
Greif invested in a new blow molding machine to double in-house production capacity for food grade IBCs at its facility in Ede, Netherlands. The new machine boosts output capacity to over 1,500 IBCs per day.
Genstar-backed Pretium Packaging acquired Olcott Plastics of St. Charles, Illinois, a maker of injection-molded beauty and healthcare packaging. It is Pretium's sixth add-on acquisition since Genstar's 2014 investment.
Wenzhou XIFA Industrial, a Chinese maker of woven bags, signed a contract with a long-standing client in Singapore for 10,000 big bags. The article does not name the customer.
ProMach, a packaging machinery company, acquired Quest Industrial, a robotic integration solutions provider based in Wisconsin. The acquisition expands ProMach's robotics capabilities for food, beverage, and other industries.
Weber Maschinenbau is investing a seven-figure sum in a new assembly hall of about 2,300 m² and a two-storey office building at its Breidenbach site. Completion of the assembly hall is planned for September 2019 and the office building for January 2020.
Xiamen Yingsheng purchased a second Heidelberg Intro web-flexo press to expand production capacity for aseptic liquid packaging. The first press was installed in 2012, and the second was ordered by end of 2018.
Toly Group has completed a new 20,000 square metre manufacturing plant in Malta, with about €20 million invested, for beauty-industry packaging. The plant has space for 70 injection moulding machines and 25 assembly lines, and its official opening is planned for June 28, 2019.
Rottneros Packaging has started molded-fiber tray production at its new factory in Sunne, Sweden, after a move to new premises, with an investment of about SEK 45 million and planned capacity of 50 to 80 million trays per year.