Plastipak has teamed up with anaerobic digestion operator BioteCH4 in Hemswell, Lincolnshire, so that electricity generated by BioteCH4 is connected directly to Plastipak's Clean Tech PET recycling plant next door.
Indorama Ventures completed its acquisition of CarbonLite Holdings' Dallas, Texas PET recycling facility, bought for nearly $64 million in a bankruptcy auction. The site, renamed Indorama Ventures Sustainable Recycling, has combined capacity of 92,000 tons a year of food-grade rPET pellets and supports more than 130 jobs.
Berry BPI, a subsidiary of Berry Global, installed a wash plant and recycling facility at its Heanor, Derbyshire factory. The system can recycle flexible and rigid plastics and adds around 1,200 tonnes of recycling capacity a year.
PACCOR closed its previously announced acquisition of Miko Pac N.V., a plastics packaging processor with about 500 employees and turnover above 100 million euros in 2020. The closing took place on June 1, 2021.
Libra Srl and Nibe Srl, both existing shareholders of Emmegi Detergents, acquired 100% of Imp spa, a contract manufacturer in Altavilla Vicentina with over EUR 30 million revenue and 110 employees. Industrial real estate assets are to be transferred later.
SEI Group LLC of Doraville, Georgia announced the acquisition of Tailored Foam of Florida, Inc. in Sanford, Florida. The deal value was not disclosed.
C-P Flexible Packaging, based in York, Pennsylvania, acquired Genpak Flexible from the Jim Pattison Group. Genpak has facilities in Aurora, Ontario, and Lakeville, Minnesota, and makes compostable flexible packaging.
The European Commission approved under the EU Merger Regulation the acquisition of joint control over Luxembourg-based rigid packaging maker Logoplaste by Ontario Teachers Pension Plan (OTPP) and Nikky Investments. The Commission found no competition concerns.
Lindsay Goldberg agreed to sell an 80% stake in Austria-based Schur Flexibles Group to B&C Group, retaining 20% ownership, subject to antitrust approvals.
Plastipak will build a food-grade recycled PET recycling facility at its Toledo, Spain site, producing 20,000 tons of rPET pellets per year. The project will create about 14 jobs and is scheduled to start production in summer 2022.
Plastipak plans a new recycling facility at its Toledo site in Spain to convert PET flake into food-grade recycled PET pellets, producing 20,000 tonnes per year from summer 2022 and creating about 14 jobs.
Cove signed an exclusive five-year agreement to receive 350 million pounds of RWDC Industries' PHA biopolymer for its biodegradable water bottles. The deal supports Cove's planned first product launch later in 2021.
Dompel, a group from Caxias do Sul, is building Pump América, a plant in Linhares, Espírito Santo, to make pump and trigger plastic valves. Initial investment is R$8 million, rising to R$16 million, with about 100 jobs and production expected from August 2021.
Spanish garbage bag maker Saplex invested EUR 3.6 million to expand its factory in Canovelles, Barcelona by 4,000 square metres. The expansion was reported in its 2020 results.
Georg Utz in Schüttorf started series production of the GS1 Smart-Box, a reusable polypropylene transport container; the first 100,000 units were delivered in late April 2021 to pooling partner IPP.
Walki Group signed a definitive agreement to acquire a majority stake in Plasbel Plasticos S.A.U., a Spanish maker of recycled and compostable bags and flexible packaging with a facility in Murcia. The purchase price was not disclosed.
India's Forpack Industries signed an MoU with Sharjah's SAIF Zone to establish its first UAE headquarters by leasing four warehouses in the U2 area. The company plans AED 10 million in capital investment and makes packaging, stretch film and cardboard products.
Stuttgart investment firm Finexx acquired all shares of Volpini Verpackungen GmbH Austria, a plastic packaging producer in Spittal an der Drau with about 60 employees and roughly EUR 13 million in annual sales. Financial terms were not disclosed and closing is expected within weeks.
Polychem rebranded as Greenbridge on Earth Day 2021 and said its Evergreen division will soon start a major expansion of rPET manufacturing capacity. No investment amount or timing was given.
Versa Pak is expanding its Celina, Ohio plastics plant with a 56,000-square-foot addition and four new custom manufacturing lines, bringing the plant to 30 lines by September. The $15 million investment is expected to add at least 12 jobs.
Amcor has made a strategic investment in US flexible packaging firm ePac, its first corporate venture-type investment, valued at around $10m to $15m, and is also providing financing for one or more ePac sites.
BEWI has acquired a 51 per cent stake in Danish paper packaging company Honeycomb Cellpack A/S, with an option to buy the remaining 49 per cent, broadening its protective packaging offering in the Nordic region.
Origin Materials and Packaging Matters have agreed to jointly develop advanced packaging materials, including the polymer PEF, building on an existing 10-year supply agreement for carbon-negative PET.
Closure maker Heinlein Plastik-Technik has built a new production hall in Ansbach for twenty more injection molding machines and assembly units. The project also upgraded energy supply and infrastructure, including water-cooled chillers and screw compressors.
SK Capital Partners, LP completed its previously announced acquisition of IPACKCHEM Group SAS, a Paris-headquartered supplier of barrier packaging for crop protection and specialty chemicals. The deal value was not disclosed.
Schur Flexibles Group acquired Sidac SpA, a flexible packaging manufacturer based in Forlì near Bologna, to expand its presence in the Italian market. Sidac has about EUR 34 million in annual revenue and 120 employees; the deal value was not stated.
A. Hatzopoulos S.A. is installing a new triplex-in-line BOBST CL 850 TD laminator, expected to be fully operational in April 2021. The line is expected to increase annual capacity in high-performance laminates by 90 million sqm.
A. Hatzopoulos S.A. announced a €20 million plan of strategic investments in new facilities, machinery and equipment, to be implemented by the end of 2022. The plan includes a new warehouse at its Stadiou plant.
PACCOR signed a purchase agreement on 30 March 2021 to acquire Miko Pac, the packaging division of Belgian firm Miko N.V. Miko Pac makes plastic packaging at sites in Belgium, Poland and Indonesia, and completion is expected in Q2 2021 pending approval.
The Estée Lauder Companies and Eastman signed a global memorandum of understanding under which Estée Lauder brands will incorporate Eastman Renew molecularly recycled polyester packaging to help meet its 2025 sustainable packaging goals. The announcement was made on 30 March 2021.
SCG Packaging (SCGP) is investing Baht 510 million in a new production line and automated warehouse at Visy Packaging (Thailand), adding about 347 million pieces a year of capacity. The line has started commercial operation and the warehouse is due for completion at the end of 2021.
Danimer Scientific plans to invest $700 million to expand its Bainbridge manufacturing operations in Decatur County, Georgia, including a new 2,000,000-square-foot facility near its current campus. The investment is expected to nearly quadruple its workforce.
C.R.I. Pumps inaugurated a second uPVC and CPVC pipe plant at Hosur, Tamil Nadu, to serve southern and eastern India. Together with the Gandhinagar plant, capacity is set to reach 40,000 metric tonnes per year.
Avantium Renewable Polymers signed two additional conditional offtake agreements for PEF resin with Toyobo and Terphane, bringing the total to four contracts, which together cover 30% of the planned flagship FDCA plant's capacity. Refresco is also among the offtake partners.
Seri Industrial Group signed an agreement with Unilever to form a jointly owned business, Seri Plastic, which will buy and convert Unilever's Pozzilli plant to recycle plastic waste.
Loews Corporation has agreed to sell a 47 percent stake in Altium Packaging to GIC, the Singapore sovereign wealth fund.
Loews Corporation signed a definitive agreement to sell a 47% interest in Altium Packaging, a North American rigid plastic packaging and recycled resin company, to Singapore's sovereign wealth fund GIC, with closing expected within 30 days.
Coveris acquired specialty bag manufacturer Initial Packaging, reported on March 4, 2021.
OpenGate, a private equity firm, bought Filmquest as a second add-on to its Duraco specialty tapes platform, as it builds a packaging platform of about $300 million.
Oben Group acquired Poligal Group, a European plastic film maker with BOPP and CPP plants in Portugal and Poland, commercial offices in Germany and a European sales network. The Skarbimierz plant has 40,000 tonnes/year BOPP capacity.
Shintech Louisiana LLC will spend $1.49 billion to expand its Plaquemine manufacturing operations in Louisiana. The announcement was dated July 27, 2018.
Polyplex USA announced a $90.6 million expansion of its Decatur, Alabama facility to add a BOPET polyester film line, creating 100 jobs. Construction is scheduled to begin in the first half of 2021, with production by the end of 2022.
POLIFILM EXTRUSION GmbH acquired 100% of SAXA Packaging GmbH, which operates a blown film plant in Neukirchen/Pleiße, Germany. The deal adds broad and barrier films to POLIFILM's portfolio. The purchase price was not disclosed.
Vishakha Polyfab's joint venture PT Flextech Packaging with Wilmar started up a flexible packaging plant in Indonesia in January 2021, with full commissioning expected by the end of February 2021. The plant has an initial capacity of 13,500 metric tons.
Sumika Polymer Compounds Europe is setting up a new Polish subsidiary and a production site of about 5,500 square meters in Poznan. The site will add 30,000 tonnes of compounded polypropylene capacity, with about 30 jobs and production scheduled from Q1 2022.
Esterpet, set up by Esterform management, secured £9m of asset finance from Shawbrook Bank to buy two Starlinger rPET production lines at Sherburn-in-Elmet, Leeds, each capable of over 13,000 tonnes a year.
UK packaging manufacturer Robinson acquired Danish company Schela Plast, reported on February 12, 2021.
Packaging maker Ate Plast will invest 10 million leva in a new plant in the Zagore industrial zone in Stara Zagora, Bulgaria, which received Class A priority investment status. The investment will create 35 jobs and produce flexible films, with construction taking 3 years.
Dow has signed a memorandum of understanding with Indian recycler Lucro Plastecycle to develop a closed-loop packaging solution that recycles post-consumer PE film waste using Dow virgin resins, with first shrink films expected in India later in 2021.
SCG Packaging plans to invest US$334 million in Vietnam as part of its expansion of packaging businesses, including the Duy Tan acquisition and paper production expansion in northern Vietnam.