Private equity investor 3i has agreed to back Dutch food and drink container brand Mepal as it looks to grow the business across Europe. No deal value was disclosed in the article.
IMEX, the industrial unit of Angola's Webcor Group, opened a new US$9.5 million woven polypropylene raffia bag processing facility. The plant has a capacity of 60 million bags a year and tripled IMEX's production capacity.
Pacur, a Gryphon Investors portfolio company, signed a definitive agreement to acquire CAROLEX SAS, a French PETG sheet extruder, from epsotech Holding GmbH. The deal is expected to close by year end 2021 and terms were not disclosed.
ADNOC and Borealis signed a final investment agreement worth USD 6.2 billion to build Borouge 4, a polyethylene expansion at the Ruwais complex in the UAE. It will produce 1.4 million tons of polyethylene per year, including a 1.5 million ton ethane cracker.
Direct Pack is expanding its existing Rockingham, North Carolina facility as part of its North American manufacturing growth. The expansion is linked to the integration of its vertical operations.
Direct Pack Inc. opened a new 200,000-square-foot thermoforming facility in Mexicali, called Direct Pack Baja, which began producing food packaging in September 2021. The plant represents a $25M investment.
India's UFlex commissioned a BOPET film manufacturing plant in Ogun State, Nigeria, with 45,000 TPA capacity and an estimated 200 jobs, serving Western Africa and the US.
Evergreen acquired the Albany, New York (formerly UltrePET) and Amherst, Nova Scotia (formerly Novapet) rPET facilities from wTe Corp. in November 2021.
Packaging firm Coveris invested £500,000 in new hi-tech equipment at its Hartlepool plant to produce branded tamper-evident bags for Covid-19 test kits, creating 20 new jobs.
Evanesce Packaging Solutions, an investee of Billy Goat Brands, will open a new manufacturing facility in Hampton County, South Carolina on October 21, 2021, to produce millions of PLA straws per day, creating 78 jobs.
Listed Norwegian company Bewi agreed to buy packaging manufacturer Jackon, with the last owning family accepting cash of NOK 1.55 billion and the other family receiving shares worth about NOK 780 million more.
Turkish polyethylene film maker Bareks, part of Bakioğlu Holding, completed a new factory and an MDO blown film line in Izmir to increase production capacity and export from Menemen Free Zone.
Alpla, Ecohelp and United Polymer Trading (UPT) formed a joint venture, PET Recycling Team Targu Mures, investing a combined EUR 7.5 million in a plant in Targu Mures, Romania. Production is scheduled to start around mid-2022.
Pregis began production at its new $80 million blown film extrusion facility in Anderson, South Carolina, with a ribbon cutting attended by Governor Henry McMaster. The 168,000 sq ft plant is expected to create 120 jobs.
Palaplast is entering PVC pipe production by acquiring facilities and mechanical equipment from a large company in the sector in Thebes. The investment aims to expand its product range and increase production capacity by up to 50%.
Alphapointe signed a new four-year agreement with Express Scripts Pharmacy to double its production of FDA-approved plastic prescription bottles. The deal increases cumulative full-time positions for blind employees to 24.
Italian packaging maker Gualapack, through Gualapack Brasil, agreed to acquire Brazilian flexible packaging converter Teruel Embalagens, which has two factories in Brazil. The deal adds laminate production to Gualapack's pouch business in South America. It was announced on October 4, 2021.
Epsilyte Holdings, owned by Balmoral Funds, acquired StyroChem Canada, a producer of expandable polystyrene in Baie d'Urfe, Quebec, from PMC Capital Partners. The deal was announced October 1, 2021.
ALPLA, Ecohelp SRL and United Polymer Trading form a joint venture to build a PET recycling plant in Targu Mures, Romania, producing 15,000 tonnes of food-grade rPET per year for about €7.5 million, creating 15 jobs.
Starflex PCL and Thai Union Graphic signed an MOU for a joint venture with registered capital of THB 250 million, with Starflex holding 51% and Thai Union Graphic 49%, initially to build a factory producing flexible packaging mainly for food.
Silgan Holdings acquired Unicep Packaging, a precision dosing dispensing packaging maker with two plants in Spokane, Washington and Sandpoint, Idaho, for $237 million, with projected 2021 sales of about $45 million.
Mauser Packaging Solutions is investing in new equipment at its Gebze facility, adding a plastic drum line due for completion in Q4 2021 and an IBC blow molding machine in early 2022.
ALPLA, Ecohelp SRL and United Polymer Trading AG are each investing equally in a joint venture to install an extrusion line recycling post-consumer PET bottles in Targu Mures, Romania, aiming for 15,000 tonnes of rPET per year. The total investment is about EUR 7.5 million and will create 15 jobs.
Irving Place Capital has agreed to sell Alpha Packaging, a St. Louis-based blow molder of bottles and jars, to Pretium Packaging, a Clearlake Capital portfolio company. Financial terms were not disclosed.
Berry Global is expanding its Lawrence, Kansas facility with new thermoform production lines and printers in an existing warehouse, investing $61 million and creating 84 jobs to meet demand for clear drink cups and lids.
Summit Plastics is adding a 12,000 sq ft addition and three blown film extrusion lines in Summit, Mississippi, a $5.4 million investment creating 25 jobs, with completion expected by March 2022.
Anvil Cases, Inc. of Covina, California was awarded a $1,294,260 contract under the US federal Multiple Award Schedule, dated 9 September 2021.
Dhunseri Poly Films, a subsidiary of Dhunseri Ventures, announced a Rs 1,250 crore flexible packaging film factory at Panagarh Industrial Park in West Bengal. The first phase will make BOPET film with 45,000 TPA capacity, with commercial operations expected by March 2023.
Waddington Europe, a Novolex division, agreed with Irish recycler Shabra to purchase food-grade recycled PET for making new packaging at its Arklow production site, announced August 31, 2021.
C-P Flexible Packaging announced its acquisition of privately held Fruth Custom Packaging and affiliated Cleanroom Film and Bag, both making flexible rollstock and pouches for cleanroom use in Placentia, California. Terms were not disclosed.
Plastic packaging maker and recycler Alpla Group acquired Austria-based Wolf Plastics Group to strengthen its European growth. The deal was reported on 23 August 2021.
Huhtamaki is acquiring Elif, a Turkey and Egypt based supplier of sustainable flexible packaging, for GBP 350 million, expanding its flexible packaging footprint into Turkey.
Italian infrastructure fund manager F2i Sgr agreed to acquire a 70% majority stake in ReLife, a Genoa-based recycler of paper and plastic packaging, with the founders keeping 30%. ReLife has about 580 employees and 35 plants in northern and central Italy, with expected 2021 revenue of about EUR 250 million.
Italian plastic packaging maker PuntoPack acquired MAV Srl, a wide-mouth packaging company serving cosmetics and food. The combined group is expected to have over EUR 25 million turnover. No deal value was disclosed.
Berry Global announced plans for a second manufacturing facility and healthcare center of excellence near its existing Bangalore operation, to scale production of ophthalmic, nasal pump, inhalation and injectable products.
Eastman and Procter & Gamble signed an agreement under which P&G will use Eastman Renew materials, made by molecular recycling of waste plastic, in select products and packaging. The companies will also collaborate on plastic recycling infrastructure.
Austrian packaging converter ALPLA has acquired Verigreen Packaging, a South African maker of bottles and canisters for lubricants, with a site in Durban. Financial terms were not disclosed.
Maire Tecnimont subsidiary Tecnimont won a lump-sum turnkey contract from Repsol worth about €430 million to build polypropylene and linear polyethylene units at Repsol's Sines complex in Portugal, due for completion by 2025.
Tempo Plastics Ltd. is in the midst of a $14.4 million upgrade and expansion of its flexible packaging business in Innisfil, Ontario, which includes a new printing press and transformer, supported by a $2.2 million interest-free loan from the Province of Ontario announced July 23, 2021.
SCG Packaging (SCGP) completed its 70% merger and partnership investment in Duy Tan Plastics Manufacturing Corporation, Vietnam's leading rigid plastic packaging producer, with total payments capped at 6,400 billion VND and consolidation from August 2021.
Direct Pack has expanded its Rockingham, North Carolina facility by 56,000 square feet, adding flexible manufacturing lines and raising manufacturing capacity by more than 40%.
Stora Enso and Tetra Pak will add a carton repulping line and a polymer and aluminium separation line at Stora Enso's Ostrołęka mill, tripling Poland's annual recycling capacity for used beverage cartons from 25,000 to 75,000 tonnes. The total investment is EUR 29.1 million, with both lines expected to be operational in early 2023.
Pregis announced an $80 million investment in a new 168,000 square foot blown film extrusion facility in Anderson, South Carolina. The plant is expected to create 120 jobs and become operational in September.
Liquibox and WestRock have launched a Ships in Own Container bag-in-box solution for liquid e-commerce packaging, combining Liquibox's recyclable Liquipure flexible packaging with WestRock's Meta box designs.
TriMas's Rieke unit is building a new 230,000 square foot, highly automated injection molding facility in New Albany, Ohio, expected to start production in Q2 2022, mainly for beauty and personal care dispensers.
Portobello Capital agreed to acquire Caiba, a Valencian maker of PET plastic containers, from Nazca Capital for over €110 million. The deal is pending competition authority approval.
Trioworld Group signed an agreement to acquire Flexoplast, a Dutch producer of polyethylene food, beverage and industrial packaging films, from the Clondalkin Group. The deal is subject to regulatory approvals; no price was disclosed.
Carbios, working with L'Oréal, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe, produced sample food-grade PET bottles made entirely from enzymatically recycled plastic. Carbios plans a demonstration plant and a 40,000-ton facility by 2025.
Schur Flexibles acquired Termoplast S.r.L., a producer of 100% recyclable MDO-PE films based at Gambassi Terme near Florence, Italy, to expand its presence in the Italian market.
Daelim Pracon signed an investment memorandum with Gimcheon city to build a 20 billion won PET packaging container plant with automated equipment in the Gimcheon General Industrial Complex. The plant is planned to be operating by early next year and is expected to create over 80 jobs.