Novvia Group acquired Northern Container, a stocking distributor of industrial rigid containers based in Alsip, Illinois, in May 2023. Terms were not disclosed.
Biffa Polymers announced the acquisition of Esterpet Ltd, a PET plastic recycler with a facility near Leeds that converts 25,000 tonnes of plastic flakes a year into pellets. The deal extends Biffa's recycled PET capability.
Spanish carton maker Hinojosa Packaging entered exclusive negotiations to acquire a 49% stake in French corrugated packaging maker ASV Packaging, which has 210 employees and 64 million euros in revenue. The deal would also give the two groups joint control of Halopack tray production in Iberia and France.
B2B Industrial Packaging, a GenNx360 company, announced the acquisition of Millennium Packaging Inc., a South Elgin, Illinois provider of shrink film, stretch film, packaging equipment and corner board. It is B2B Industrial Packaging's 29th acquisition.
Alto Partners S.G.R. acquired a majority stake of about 71% in Lario Plast S.r.l., a maker of HDPE and PET bottles, through its Alto Capital V private equity fund. Proactiva Strategy M&A advised Lario Plast on the deal.
SCG Packaging's board approved buying a 70% stake in Starprint Vietnam JSC, an offset folding carton maker in Dong Nai, Vietnam, for up to 1,050 billion dong (about 1.5 billion baht). Flexible packaging maker Starflex will take 25% of the vehicle after the deal, which is expected to close in Q3 2023.
Constantia Flexibles has acquired Lászlópack Kft, a Hungarian flexible packaging manufacturer specialising in flexographic printing, with a plant in Komarom. Financial terms were not disclosed.
Plastopil's wholly owned subsidiary completed the purchase of Polishak, a MOPE film maker for flexible packaging based at Nir Yitzhak, for about NIS 22 million plus about NIS 9 million of acquired inventory. Polishak exports about 98% of output mainly to Europe and the US.
Sofidel has entered into an agreement with Hakle GmbH to acquire the Hakle trademark and other consumer brands such as Dick&Durstig and Servus, with IP rights and domains. Hakle GmbH will keep producing at its Düsseldorf-Reisholz site under a new name; the deal takes effect after regulatory authorization.
Polaris has acquired a majority stake in Sealing System, a supplier of intralogistics and automated packaging and palletising lines. The article is dated 17 April 2023 and gives no deal value.
Packaging Holdings announced the bolt-on acquisition of Ace Corrugated, a corrugated box maker based in Cavan. It is part of two bolt-on deals with a combined outlay of over EUR 11 million.
Multi-Color Corporation has acquired Korsini, an Izmir-based in-mold label solutions provider, expanding its IML network. Financial terms were not disclosed.
Charlesbank Capital Partners' portfolio company BOX Partners acquired The Packaging Wholesalers, a nationwide packaging distributor, in a transaction announced April 25, 2023. Financial terms were not disclosed.
ALPLA and Inden Pharma have formed a joint venture for pharmaceutical bottles, containers and closures made in clean rooms, combining five plants in Spain, Greece, Poland and Germany. The venture targets about 800 million packaging products in its first year.
Macfarlane Group PLC announced the acquisition of A.E. Sutton Limited, trading as Suttons Performance Packaging, a specialist protective packaging business.
Family-owned corrugated packaging company Welch Packaging acquired Nashville Box, a corrugated packaging supplier.
Rengo Co., Ltd. acquired 70% of the shares of Nitto Danboru Co., Ltd., a corrugated packaging manufacturer based in Okegawa, Saitama Prefecture, making it a subsidiary.
Constantia Flexibles signed an agreement to acquire Drukpol Flexo, a Polish flexible packaging company with 183 employees and two sites near Warsaw. Terms were not disclosed and completion is expected in Q2 2023, subject to competition clearance.
Berry Global Group completed its acquisition of Canadian plastics maker Pro-Western Plastics Ltd. for $87 million in March 2023, according to a MarketScreener report published May 3, 2023.
Finnish packaging manufacturer Huhtamaki has acquired full ownership of its Australian joint venture Huhtamaki Tailored Packaging (HTP), a food-service packaging wholesaler and distributor with several distribution centres. No value was given.
Holland, Michigan-based Bradford Group completed an asset acquisition of Partitions Plus LLC, a corrugated partition manufacturer in Findlay, Ohio. Operations continue at the 80,000 sq ft Findlay facility under former co-founder Ben Riblet.
Thai packaging company BGC Container Glass agreed to buy 100% of Prime Packaging, a Thai maker of flexible plastic packaging and film rolls, for 580 million baht funded by bank loans. The share purchase agreement was signed on 28 February 2023, and revenue is expected from Q2 2023.
Ardagh Metal Packaging acquired a majority share in Switzerland-based digital can printer NOMOQ, a start-up founded in 2021. The deal extends AMP's support for newcomers to the beverage market and gives its European customers access to digital can printing.
Coesia and Oji Holdings signed a definitive agreement under which Coesia will sell IPI Srl, a supplier of aseptic carton packaging based in San Sisto (Perugia), to Oji. IPI employs 170 people and had 2022 sales of about 65 million euros.
Scarborough-based packaging firm Duraweld acquired Prima, a Bradford designer and manufacturer of folding cartons, corrugated cartons and PVC products, for an undisclosed sum.
All4Labels Global Packaging Group, a Triton portfolio company, signed an agreement to acquire LabelPress Industria e Comercio da Amazonia in Manaus, Brazil, making it a 100% subsidiary. Closing is subject to regulatory approval; terms were not disclosed.
CSi packaging joins forces with Madern Group, a paperboard packaging post-press converter, to form Madern Industries, with Torqx Capital Partners becoming majority shareholder alongside management.
Italian luxury packaging maker Pusterla 1880, backed by Andera Mid Cap, acquired a business unit of Burt Rigid Box in New York State and the entire capital of Taylor Box in Rhode Island, then merged them into Pusterla US, Inc. The deal was reported on February 15, 2023.
Mill Rock Packaging Partners acquired Keystone Paper & Box Company, a folding carton maker based in South Windsor, Connecticut, marking its expansion to the Eastern U.S. Terms were not disclosed.
Inovar Packaging Group completed its acquisition of Cimarron Label and Western Printing, label businesses in Sioux Falls and Aberdeen, South Dakota, its eighth platform company.
Cepac Group completed the acquisition of a majority shareholding in EW Cartons Ltd, a microflute corrugated food tray maker in Altham, Lancashire, which is being rebranded as Flutepac. The previous owner remains a shareholder and General Manager.
Larsen Packaging Products, Inc. of St. Charles, Illinois, acquired Alpha Container, a Marysville, Ohio manufacturer and distributor of corrugated products and packaging supplies. The former owner's staff will continue under the Alpha Container name, and the deal expands Larsen into Ohio and Pennsylvania. The deal value was not disclosed.
Constantia Flexibles signed a joint venture agreement merging its Indian business and operations with SB Packagings, which is backed by Premji Invest, to create a packaging platform in India and South Asia. The article is dated 8 February 2023.
Flexpak LLC completed its acquisition of Preferred Packaging Products Inc., a packaging distributor based in Thornton, Colorado, effective February 1, 2023. The deal extends Flexpak's regional footprint to Colorado.
Sealed Air has closed its previously announced acquisition of Liquibox, a Richmond, Virginia maker of bag-in-box liquid packaging, for $1.15 billion on a cash and debt-free basis.
Encirc, the UK subsidiary of Vidrala, completed its purchase of the 'The Park' bottling and logistics site in Bristol from Accolade Wines for GBP 30 million, on the terms agreed in November 2022. A long-term glass supply contract with Accolade accompanies the deal.
TriMas Corporation bought 100% of Aarts Packaging, a Dutch maker of injection-moulded plastic packaging for beauty, luxury and food markets, from its shareholders. The article is dated 31 January 2023 and gives no deal value.
Colorcon entered a put agreement to purchase Airnov Healthcare Packaging, a portfolio company of Arsenal Capital Partners. The deal is subject to French works council review and regulatory approvals and could close in Q1 2023.
Constantia Flexibles signed a joint venture agreement with Premji Invest and S.B. Packagings to expand its packaging business in India, including hygiene packaging and its EcoLam range. The deal is expected to complete by the end of March 2023, pending regulatory approvals.
US industrial packaging distributor B2B Industrial Packaging has acquired custom packaging supplier Next Press of Mahwah, New Jersey. It is B2B's 27th acquisition in 13 years.
SB Packagings entered a joint venture with Constantia Flexibles, combining Constantia India's operations with SB Packagings to build a packaging platform across India and South Asia. Closure is subject to regulatory approvals and is expected by March end.
Constantia Flexibles signed a joint venture agreement with SB Packagings and its investor Premji Invest for Constantia's Indian business, creating a packaging platform with ten locations in India. Closing is expected by end of March 2023, pending regulatory approvals.
Canadian protective packaging maker Creopack acquired Emballages Montreal Express, a handling, packaging and storage services firm for oversized equipment, adding 35,000 sq ft of storage in Châteauguay, Quebec. The deal was announced on 16 January 2023.
COFCO Packaging signed a framework agreement with Haoneng (Hong Kong) and Ourgold Development to form a joint venture in Hong Kong for a second aluminum two-piece can plant in Central and Eastern Europe. The JV has registered capital of EUR 22.3 million, split 40%, 30% and 30%.
Spanish packaging group Hinojosa Packaging has sold its Cipasi business, a cellular polypropylene producer based in Masamagrell, Valencia, to Italian group Karton. Cipasi had 2021 revenue of EUR 9 million and 38 employees, all of whom Karton will retain; the value was not disclosed.
Polymer Packaging, Inc. acquired The William-Allen Company, a flexible packaging and container supplier with a 33,000 square foot warehouse in North Canton, Ohio. Terms were not disclosed.
Fundermax took over 100% of Hubregtse B.V., Papiboard B.V. and West Pack Emballasje AS from the Dutch Hubregtse group, effective 3 January 2023. The businesses have about 50 employees and make solid board packaging for the fish industry in the Netherlands and Norway.
Sonoco has signed a definitive agreement to acquire S.P. Holding, Skjern A/S, a Danish paperboard manufacturer, in an all-cash deal estimated at $88 million (675 million DKK).
Sealed Air, which is rebranding as SEE, completed its $1.15 billion purchase of Liquibox, a maker of bag-in-box fluids and liquids packaging, during the first quarter of 2023.
Stora Enso completed its acquisition of Netherlands-based corrugated packaging producer De Jong Packaging Group, with an enterprise value of about EUR 1,020 million. The deal adds roughly 1,200 million m2 of corrugated packaging capacity to Stora Enso.