Private equity firm Lindsay Goldberg acquired packaging maker COVERIS Rigid from Coveris and Sun Capital Partners, and the company will be rebranded as PACCOR. COVERIS Rigid has 18 plants and 3,500 employees in Europe and the USA. The deal was reported on 2018-08-01 and no deal value was disclosed.
Boustead Development Partnership, a co-investment partnership of Boustead Projects and Abu Dhabi Investment Council, secured a development contract for an integrated production and warehouse facility in Singapore to be leased long-term to Amcor Flexibles Singapore. The facility is expected to be completed by Q3 2019 and covers about 6,922 square metres GFA.
Resource Label Group, a portfolio company of First Atlantic Capital and TPG Growth, acquired Ingenious Packaging, a Canadian labeling solutions provider. Terms were not disclosed.
Pretium Packaging has acquired Cox Container, a manufacturer of HDPE containers in Alabama, USA, on a 13-acre site. The deal is Pretium's fifth acquisition in four years and raises its manufacturing locations to 17.
Brazilian paper producer Klabin is preparing a board decision by year-end on expanding its kraftliner paper capacity, integrated with a new 1 million tonnes per year pulp line. Studies are due to the board in August 2018.
Catelli Food Technology, a multinational packaging machinery manufacturer, has completed the acquisition of a majority stake in CO.Mac, a company specializing in packaging machines for the beverage sector, particularly beer.
Guangdong Oupak Packaging Co., a subsidiary of China Aluminum Cans Holdings, acquired a packaging automation production line from Technopack s.r.l. for €5.9691 million.
Ultimate Packaging has invested £2 million in a new Bobst 20Six CS flexo press, replacing a Fischer & Krecke 16S press to reduce setup times and increase capacity.
Alpla Inc. will expand its Bowling Green, Kentucky plant with a 100,000-square-foot warehouse project costing $6.9 million, creating 24 full-time jobs. Completion is expected in 2019.
Green Bay Packaging Inc. has selected Voith to supply a full process line, including a 300-inch paper machine, for its new mill in Green Bay, Wisconsin. The mill is due to be operational in 2021.
Ball Metal Beverage Container Corp. has built a roughly 500,000-square-foot aluminum can packaging plant in Goodyear, Arizona, with $240 million capex and 130 jobs. The plant is expected to be fully operational by the end of 2018.
Wrigley spent 43 million rubles to modernize a packaging line at its St. Petersburg factory, enabling it to package new Orbit gum in dragee form and two other products. The investment is part of a 1 billion ruble agreement with the city.
KHS USA, Inc. acquired Scandia Packaging Machinery Company, a designer and manufacturer of packaging machinery. The acquisition will allow KHS to expand its portfolio to include compact cartoners and secondary packaging machines.
Voith Paper North America won a contract from Copamex to install its BlueLine stock preparation system at the Anahuac mill in Mexico, which is being converted to containerboard and packaging production. Start-up is planned for early 2019.
Wendel granted Aptar Group exclusivity to finalize the sale of CSP Technologies, a specialty protective packaging maker, at an enterprise value of $555 million, about 13 times adjusted EBITDA. Closing is expected in Q4 2018.
CPC Packaging invested in four top-of-the-range BOBST machines, including die-cutters and a rotogravure printing press, to be installed in different CPC plants during the second half of 2018.
Voith Paper North America will supply a BlueLine stock preparation system for Copamex's mill in Anáhuac, Chihuahua, which is being converted to containerboard. The system is due to start up in early 2019 and output 260,000 metric tons per year.
Greif opened a steel drum and container plant in the Vorsino industrial park in the Kaluga region, Russia, with first-phase investment of 800 million rubles and 50 jobs created. Planned output is two million drums per year.
Cascades plans to convert the Bear Island paper machine in Virginia to produce recycled lightweight linerboard and medium, with an estimated investment of US$275 to US$300 million and production expected from 2021.
Cascades announced the acquisition of the Bear Island manufacturing facility in Virginia from White Birch for US$34.2 million cash. The site's newsprint machine will later be converted to recycled containerboard production.
AptarGroup announced a binding offer to acquire CSP Technologies Parent S.A., a leader in active packaging technology, for an enterprise value of $555 million, alongside its second quarter 2018 results.
Scania Parts Logistics selected Smurfit Kappa's paper-based packaging solutions to replace some of its supply chain materials. The honeycomb solution replaces EPS and wooden pallets and cuts storage space by 50%.
Accredo Packaging is constructing a 238,000 sq ft manufacturing facility in Bình Dương Province, Vietnam, which will produce coextruded films, printed rollstock, and pouches. The plant is expected to open in the third quarter of 2018.
PacTec Inc. will invest $2.5 million to expand its Clinton manufacturing site in East Feliciana Parish, Louisiana, building a 40,000-square-foot facility and modernizing an existing 40,000-square-foot building. The expansion retains 95 jobs and creates 15 new direct jobs.
Electronics For Imaging and Thai Containers Group, a subsidiary of SCG's packaging business, announced a digital printing partnership in which TCG purchased an EFI Nozomi C18000 inkjet corrugated packaging press. It will be the first EFI Nozomi installation in Asia.
Green Bay Packaging awarded Voith Paper a complete production line order for a new testliner paper machine (PM 4) at its Green Bay, Wisconsin mill, with commercial production planned for early 2021.
Kruger is carrying out modernization projects at its LaSalle packaging plant and Place Turcot containerboard mill in Montreal, at a total cost of nearly $20 million, to be completed in 2018.
Kruger has dedicated a new high-speed corrugated packaging converting line at its LaSalle plant in Quebec after investing almost CAD 10 million, producing 24,000 boxes per hour.
Smurfit Kappa worked with Scania Parts Logistics to replace wood pallets and expanded polystyrene in Scania's supply chain with a single-material, paper-based Honeycomb packaging solution that halved required storage space.
Accredo Packaging has begun phase III of its 32-acre Sugar Land campus, adding over 200,000 square feet of warehouse and manufacturing space at a cost of about $50 million and 175 new jobs.
Montréal-based Transcontinental acquired the Americas flexible-packaging business of Coveris Holdings, a Chicago-based plastics products manufacturer owned by Sun Capital, for $1.72 billion.
Papelera Cumbre received industrial promotion benefits for ARS 5,416,821 invested in building a new site at its Córdoba plant, where it plans to add machinery for corrugated board production.
Jacob White Packaging received a large order for an automatic production line in the cereal industry, including an NS-X 5 automatic cartoner.
Austria-based Andritz Group has acquired a 70% stake in Diatec S.r.l., Italy, a producer of converting machinery for diapers, hygiene products and food packaging. The remaining 30% stays with the founding families.
Intertape Polymer Group agreed to acquire 100% of Polyair Inter Pack, a private protective packaging maker with seven North American plants, for about $146 million in cash, subject to closing adjustments.
Rigid Containers has completed a €8 million investment at its Limerick city production facility and plans an expanded workforce.
Melitta has acquired Cuki Group, the parent of Italian food storage and refuse bag market leader Cuki Cofresco, based in Volpiano near Turin. Cuki Group had 2017 revenue of about EUR 200 million; terms of the deal were not disclosed.
APHIS Headquarters awarded Caraustar Industrial and Consumer Products Group a firm-fixed-price order for 300,000 cardboard tubes and caps for USDA rodent gas cartridges, valued at $145,722, on July 13, 2018.
Verallia announced a €40 million investment to build a new furnace at its glass container factory in Azuqueca de Henares, Spain. Construction will begin in 2019, and the furnace is expected to start operations in the first quarter of 2020, creating 50 jobs.
Private-equity-backed Fortis Solutions has acquired Lewis Label. The article gives no deal value or further details.
Reid Canada, a subsidiary of Consolidated Container Company, has acquired the assets of Deltapac Packaging, a Montreal maker of plastic bottles for the specialty chemical, cosmetic, food and pharmaceutical industries. Terms were not disclosed.
VPK Packaging Group's Rigid Containers opened two extensions and new conversion equipment at its Limerick, Ireland plant after an EUR 8 million investment. The company plans a third shift that would add 25 to 30 jobs over two years.
SRF Ltd. will invest around €60 million to build a new BOPET film factory in Jászfényszaru, Hungary, with a capacity of 40,000 tpa, creating 100 jobs. Production is expected to begin at the end of 2019.
Indorama Ventures has entered into a joint venture agreement with Dhunseri Petrochem to acquire Egyptian Indian Polyester Company (EIPET) in Ain Sokhna, Egypt. The facility is one of the biggest in the Middle East and Africa.
SRF Limited announced the setting up of a second BOPET film line and a resin plant at its existing location in Rayong, Thailand, by its wholly owned subsidiary SRF Industries (Thailand) Limited, at an investment of approximately $60 million. The new line will have a capacity of about 40,000 metric tonnes per annum and is expected to become operational in about two years.
Tekni-Plex acquired the healthcare packaging, performance lidstock, induction seal and specialty lamination businesses of Oracle Packaging of Winston-Salem, N.C. These lines will join its Tri-Seal business.
Roberts Mart and Co invested £3 million in new machinery, including an Allstein 10 colour flexographic printing press and a Comexi S1DT slitting machine, at its Leeds headquarters. The investment follows a record year with turnover expected to reach £36 million.
Propapier awarded Voith Paper the contract for a new PM3 paper machine at a EUR 375 million greenfield containerboard plant in Sandersdorf-Brehna near Bitterfeld. The machine is due to start in the second half of 2020 with an annual capacity of 750,000 tonnes and create about 140 direct jobs.
KHS USA, the North American unit of KHS GmbH, acquired Scandia Packaging Machinery Co., a maker of compact packaging machines based in Fairfield, New Jersey, and Scandia will operate as KHS USA at its Sarasota, Florida site. Terms were not disclosed; the deal was announced on July 6, 2018.
ExcelRise is investing EUR 1 million in 2018 to modernize machinery and automate production at its Semo Packaging site in Ogeu, France, including a new automatic feeding system and a bag opener to increase capacity.