Trioworld Group signed an agreement to acquire Malpack Ltd. (Canada) and Malpack Corp. (US), a North American maker of high-performance stretch film for transit packaging. The announcement was made on 30 December 2022.
Prinzhorn Group made a strategic investment in Scatolificio La Veggia, an Italian packaging company, marking its entry into the Italian market. The article is an advisory firm's page, and the deal value and closing terms are not stated.
Pusterla 1880 is merging with Burt Rigid Box, a rigid box maker in Oneonta, New York, founded in 1886, as its first US site. Burt's president Laura Brodie becomes the first non-family shareholder in Pusterla and heads its North American operations.
Stirling Square Capital Partners signed a contract with Wise Equity to acquire 100% of Tapì, an Italian maker of premium beverage closures. The deal is expected to close in early 2023. No price was disclosed.
Private equity firm Stirling Square completed its acquisition of Tapi, a beverage packaging closures group, from Wise Equity for €300m. The announcement was dated 20 December 2022 and the deal was completed in February 2023.
France's Alliance Etiquettes purchased Italian label printer Tonutti Tecniche Grafiche, extending its reach into wine and Prosecco production regions in northern Italy, its tenth acquisition since 2015.
Luxury packaging specialist GPA Global acquired family-owned rigid box manufacturer Jenco Productions, extending its North American footprint and adding a presence in Mexico.
UFP Packaging, an affiliate of UFP Industries, acquired Titan Corrugated, a corrugated packaging manufacturer, and its affiliate All Boxed Up, a corrugated box distributor. The combined companies had trailing 12-month sales of about $46.5 million, and Titan operates an automated facility in Flower Mound, Texas.
Prinzhorn Group has made a proposal to acquire corrugated packaging plant Scatolificio La Veggia S.p.A. in Roteglia, Italy, which is undergoing restructuring under Italian law. The final takeover is expected in 2023 after court approval; financial terms were not disclosed.
WestRock completed its acquisition of the remaining interest in Grupo Gondi for $970 million plus assumed debt. The Mexican business includes four paper mills, nine corrugated packaging plants and six high graphic plants.
Akers Packaging Service Group acquired SCI Box, a family-owned corrugated packaging business of Mount Vernon, Illinois, founded in 1976. The deal supports Akers' Midwest expansion strategy and adds the Mount Vernon facility.
Dutch can coatings company Diostyl Holding B.V. announced that Mexican firm Grupo Sayer S.A. de C.V. intends to invest in and acquire 50% of Diostyl Holding BV. The deal was reported on January 4, 2023.
SCG Packaging acquired flexible packaging assets from Cyberprint Group in Thailand through its subsidiary Prepack for Baht 450 million, raising its Thai flexible packaging capacity by 12%. The assets are being integrated at Sinsakhon Industrial Estate, Samut Sakhon.
Novvia Group, a packaging distributor backed by Kelso & Company, acquired Innovative Container, a La Mirada, California distributor of plastic, metal, glass and corrugated containers. Financial terms were not disclosed.
All4Labels Global Packaging Group signed an agreement to acquire Romprix Exim, a Romanian manufacturer of self-adhesive labels, making it a 100% subsidiary. The transaction is subject to closing conditions including regulatory approval, and terms were not disclosed. Both production sites are near Bucharest.
JK Paper agreed to acquire 85% stakes in Horizon Packs and Securipax Packaging, India's corrugated packaging manufacturers with seven plants, for about Rs 578 crore in phases. The remaining 15% will be acquired within three years.
TricorBraun acquired Merlot Packaging, a Vancouver maker and distributor of injection-moulded rigid closures, to expand in Canada. Financial terms were not disclosed.
H.O.Persiehl acquired WB Verpackungen, a Bremen packaging maker with about 90 staff that supplies multipacks to breweries and folding cartons to food makers, effective retroactively from 1 January 2022.
Smurfit Kappa signed an agreement to acquire Pusa Pack, a Valencian maker of 200 to 1,500 litre flexible bulk bags, to join its Bag-in-Box operations in Spain. No price was disclosed.
WestRock agreed to divest its ownership interest in RTS Packaging to joint venture partner Sonoco for $330 million, and to sell its Eaton, Indiana and Aurora, Illinois uncoated recycled paperboard mills to Ox Industries for $50 million. Closing is expected in the first half of 2023.
WestRock agreed to sell its uncoated recycled paperboard mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million, with closing expected in late 2022 or early 2023.
Greif agreed to buy Lee Container Corporation, a North American blow-molded jerrycan maker with three US plants, for $300 million in cash. Closing is expected by the end of 2022, subject to regulatory clearances.
Sonoco agreed to buy WestRock's remaining equity in the RTS Packaging joint venture, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash. About 1,100 employees will join Sonoco; closing is expected in the first half of 2023.
Germany-based The Palm Group acquired family-owned corrugated board maker Orsini Imballaggi, with effect from September 2022. The plant southeast of Milan adds to Palm's production capacity in Italy.
French container maker Verallia acquired UK glass packaging manufacturer Allied Glass. The article gives the deal value as GBP 315 million in the body, while its headline says GBP 350 million.
Scotia Investments and CKF Inc. agreed to acquire Canadian thermoformed rPET packaging maker Packright Manufacturing, which becomes a wholly owned CKF subsidiary.
Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Van Genechten Packaging completed a 50:50 joint venture with UK-based CartonCare Group, which has three packaging companies with three locations in the UK and combined annual turnover of about EUR 30 million.
Treffpack Beteiligungsgesellschaft and Industrial Packaging Group are merging their packaging wholesale businesses into Packaging Alliance Europe SA, held equally by both, covering Germany, Belgium, Luxembourg, the UK, the Nordics, the Netherlands and France. The merger is expected to close later in 2022.
Hood Container Corporation, a subsidiary of Hood Companies, acquired Kentwood Packaging Corporation, a Grand Rapids-area packaging company, with PMCF acting as exclusive financial advisor to the seller.
Atlas Holdings completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation in Washington and Western Canada. Terms were not disclosed.
Novvia Group, backed by Kelso & Company, acquired Rios Containers, a Santa Fe Springs, California distributor of plastic and metal bottles, cans and drums. Financial terms were not disclosed.
The Mayr-Melnhof Group completed its acquisition of Essentra Packaging, agreed in June 2022, covering ESNT Packaging & Securing Solutions (UK) and Essentra Packaging US. Essentra has 21 plants in 10 countries and about 3,500 employees, with 2021 sales of around EUR 410 million.
Mayr-Melnhof Karton AG completed its acquisition of Essentra Packaging, including 100% of ESNT Packaging & Securing Solutions Limited and Essentra Packaging US Inc, adding 21 manufacturing sites in 10 countries and about 3,500 employees.
Belgium-based Van Genechten Packaging signed a joint venture with UK packaging group CartonCare in October 2022, expanding its premium packaging business with three UK sites. Van Genechten forecasts 2022 turnover of €400 million.
Walki Group completed the acquisition of 100% of the shares of Westpak Oy Ab and Flexipack Oy Ab, Finnish flexible packaging producers serving Nordic food brands. Combined 2021 sales were about EUR 40 million; the price was not disclosed.
Sonoco has announced the acquisition of Skjern Paper, a Denmark-based recycled paperboard manufacturer with annual capacity of 75,000 metric tons, for $88 million, with completion expected in Q4 2022.
DTE Group has agreed to purchase Dansk Eksport Emballage ApS, located in Føvling near Vejen, which has about 50 million DKK turnover and about 40 employees, and will become a department of Dansk Træemballage.
Dansk Træemballage has agreed to acquire AB Karl Hedin Emballage, a Swedish wood packaging maker with 10 production sites in Sweden and one in Estonia, with closing on 9 May 2025.
Aven Rabbalshede AB, a Swedish wooden packaging maker and subsidiary of Dansk Træemballage, is acquiring Pall & Träkonstruktioner AB, with completion scheduled for 21 October 2026.
Groupe Guillin acquired 90% of Ciesse Paper, an Italian maker of cardboard packaging for the fruit and vegetable market, on 2022-09-23. The founders Elisa and Lorenzo Govi keep 10% and remain in operational roles. Ciesse Paper reported 2021 revenue of EUR 28 million and is based in the Mantua area.
TricorBraun announced it will acquire Mark's Barrel Company, an industrial container services provider.
Rengo's subsidiary Tri-Wall Limited acquired 100% of Corrugated Case Holdings Limited, whose factory in Chesterfield, England makes high-value corrugated boxes.
Amorepacific Group will sell 60% of its subsidiary Pacific Package's shares to French packaging company Autajon, retaining 40%. The move deepens a cooperation relationship that dates to a 2015 MOU.
Smurfit Kappa has signed an agreement to acquire PaperBox, a packaging plant in Saquarema, about 70 km east of Rio de Janeiro. The deal is subject to regulatory approval and is expected to close at the end of October 2022.
French packaging firm Autajon Group merged with Zapp Packaging, an Ontario folding carton manufacturer with about 100 employees, in a deal that closed September 15, 2022 on undisclosed terms.
Amcor has made a strategic investment of up to $45 million in US-based ePac Flexible Packaging, increasing its minority shareholding in ePac Holdings. The announcement was made on September 14, 2022.
Sonoco agreed to buy WestRock's remaining equity interest in RTS Packaging, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash, with closing expected in the first half of 2023.
Huhtamaki is selling its four Russian production sites, which employ 724 people, to Russian buyer Espetina Ltd for 151 million euros. Huhtamaki expects a profit of about 15 million euros in the third quarter of 2022.
SCG Packaging acquired a 90.1% stake in Jordan Trading Inc., a New York recovered paper trader, for US$1.98 million through a Thai subsidiary, adding about 100,000 tons per year of sourcing capacity. The company also partners with Peute, the Netherlands' largest packaging material recycler.