Pactiv Evergreen reported in its Q4 2021 results a recent agreement to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan. The article gives no buyer, value or exact signing date.
Menasha Packaging Company signed an agreement to acquire the assets of Color-Box, a corrugated packaging business unit of Georgia-Pacific with about 550 employees and plants in Indiana, Mississippi and California. Terms were not disclosed and closing is expected in early summer 2022.
Apollo Global Management agreed to buy a majority stake in packaging maker Novolex Holdings from Carlyle Group, which will keep a minority stake. Bloomberg's headline cites a $6 billion value, although the article text says financial terms were not disclosed.
Sealed Air has announced the acquisition of Foxpak Flexibles, a digital-printing flexible packaging firm based in Collon, Ireland with 33 employees. The fee was undisclosed.
HP acquired Choose Packaging, an Edinburgh developer of zero-plastic paper bottles, for an undisclosed fee. HP will integrate Choose into its Personalization & 3D Printing business.
SEE (NYSE: SEE) announced the acquisition of Foxpak Flexibles Ltd., a privately owned Irish digital-print flexible packaging company with 33 employees, under its SEE Ventures initiative. Terms were not disclosed.
McKinley Paper Company, a subsidiary of Bio PAPPEL, is acquiring 100% of Midwest Paper Group, a Wisconsin containerboard producer with 500 thousand tons annual capacity, from investment fund IOP.
Scholle IPN agreed to be acquired by SIG, a Swiss aseptic carton packaging company, creating a combined firm with nearly 8,000 employees and 69 sales and manufacturing sites. The announcement was made on February 1, 2022.
Swiss packaging company SIG Combibloc is acquiring privately held U.S. packaging maker Scholle IPN for an enterprise value of EUR 1.36 billion ($1.53 billion) to strengthen its sustainable packaging position. The deal is to be financed with shares and cash.
Mississippi-based Summit Plastics Inc. is acquiring Clear View Bag Co. Inc., expanding its geographic presence and product line.
All4Labels Global Packaging Group acquired Limo Labels A/S, the largest label manufacturer in Denmark and a leading label maker in Scandinavia. Limo Labels becomes a subsidiary and its former owners become co-shareholders. Terms were not disclosed.
Ringmetall SE agreed to acquire the business, production plants and property of Rhein-Plast GmbH through an asset deal. Rhein-Plast has about 80 employees and annual sales of around EUR 13 million, and makes polyethylene films and bags in Bad Dürkheim.
Bloomberg reported that US holding company Stone Canyon Industries is considering selling packaging firm Mauser Packaging Solutions for up to $8 billion, with talks with advisers possibly starting in the first half of 2022. No final decision has been made.
TCPL Packaging's board approved the acquisition of a 60% stake in Creative Offset Printers Private Limited, a maker of rigid hard boxes for mobile phone makers. TCPL plans to acquire more shares after a planned rights issue.
Oliver Inc, backed by Pfingsten, has acquired Professional Image, a maker of custom folding carton packaging and an ecommerce provider of specialty stock packaging and accessories.
Tri-Wall has completed its acquisition of the remaining stake in Rosewood Group, gaining 100% ownership in October 2021, and has rebranded all Rosewood sites under its name in the UK. The deal expands Tri-Wall's UK footprint to six sites.
Novvia Group has acquired Rhino Container Inc., a Chino, California distributor of plastic, metal, corrugated and glass packaging products. Financial terms were not disclosed.
Plastics News reports that Faerch is to acquire Paccor Packaging. The article text provided contains no further details.
Greif agreed to divest its 50% share in the Flexible Packaging joint venture to Gulf Refined Packaging for $123 million in cash, subject to conditions. The deal is expected to close by March 31, 2022.
Manjushree Packtek acquired Bengaluru-based Jallan Polypack, a manufacturer of paper cups and plastic lids, in January 2022. The terms of the transaction were not disclosed.
Schumacher Packaging acquired a majority stake in Kartonfabrik Kaierde in Delligsen, Lower Saxony, lifting its solid board capacity by 50% from 50,000 to 75,000 tonnes per year. The deal is part of a €700 million investment program running to 2025.
Ardagh Group and a Canadian teachers' fund reportedly plan to sell their food and speciality metal cans joint venture Trivium Packaging next year, with Citigroup and Evercore hired as advisers. The enterprise value could exceed $4 billion.
SupplyOne, the largest independent US supplier of corrugated packaging, acquired Romanow Container, a corrugated and protective packaging maker based in Westwood, Massachusetts. It is SupplyOne's first acquisition in New England.
Sonoco agreed to acquire Ball Metalpack, a metal packaging joint venture owned by Platinum Equity and Ball Corporation, for $1.35 billion in cash. Ball Metalpack is projected to generate about $850 million in 2021 revenue.
Rohrer Corp. purchased Jay Packaging, extending its manufacturing into the Northeast United States. Financial terms and exact locations were not given in the article.
Gruppo Happy completed the acquisition of 100% of Coopbox SPA and its subsidiary Coopbox Eastern SRO, operating in Italy and Slovakia, and French company Sirap France SAS. The group makes plastic food packaging containers.
Oerlemans Packaging Group agreed to acquire Koninklijke Verpakkingsindustrie Stempher, which makes paper bags and polyethylene bags, tube and films at two sites in Rijssen, Netherlands. Financial terms were not disclosed.
Clearlake Capital-backed Pretium Packaging completed its acquisition of Grupo Edid, a Lerma, Mexico rigid packaging manufacturer and paperboard printer, on December 16, 2021; financial terms were not disclosed.
Apollo's vehicle Rimini Bidco is closing the mandatory tender offer for Italian cardboard maker Reno De Medici, which follows a July 2021 deal to acquire about 67% stake for over EUR 365 million. The offer closes on Friday December 17, 2021.
R.R. Donnelley's board accepted a revised proposal from Atlas Holdings affiliates to acquire the company for $10.35 per share in cash, a 21.5% premium, valuing the deal at about $2.2 billion enterprise value.
Ranpak Holdings announced the acquisition of Recycold Cool Solutions BV, a Dutch manufacturer of sustainable cool packs, to expand its cold chain packaging. Recycold products are sold in 14 European countries, and its manufacturing will move into a new Ranpak Netherlands facility expected to open by end of 2022. The announcement is dated December 8, 2021.
Henkel closed its acquisitions of Darex Packaging Technologies, a metal packaging sealants supplier based in Cambridge, MA, for US$1.05 billion, and the Sonderhoff Group, a Cologne-based foamed gasketing and dosing equipment maker, with undisclosed terms.
New Jersey-based Imperial Dade has acquired Nashville business American Paper & Twine, a supplier of food service packaging and janitorial products. It is Imperial Dade's 44th acquisition since 2007.
Chile's CMPC agreed to buy three plants and forests of Paraná-based Iguaçu Celulose Papel for R$946 million including debts. The deal gives CMPC entry into Brazil's packaging market as the second-largest paper bag supplier.
Selig Group, owned by CC Industries, has acquired Manufacture Générale de Joints (MGJ), a foam-based liner supplier headquartered near Lyon, France; MGJ will keep operating from its France facility.
Sagard has entered exclusive negotiations with Capza to acquire EOS Corrugated, a global supplier of cutting counterparts and corrugator belts for corrugated cardboard production lines. The deal was announced on November 30, 2021.
Showa Aluminum Can agreed to acquire a 20% stake (16,000 shares) in Universal Can Corporation from Hokkan Holdings. Completion is planned for March 31, 2022. The deal was reported November 24, 2021, with no value disclosed.
Wildpack Beverage closed its acquisition of KT Murray Corporation dba Land and Sea Packaging, an aluminum can brokering business in Grand Rapids, Michigan, for US$37.2 million, paid partly in cash and partly in shares. The closing was announced November 23, 2021.
UFP Industries, through its affiliate UFP Global Holdings, acquired 70 percent of Ficus Pax, an industrial packaging producer with 10 facilities in southern India, for about $13.5 million. The deal marks UFP's first industrial presence in India.
Liberty Diversified International has acquired Dallas Container Corporation, a corrugated packaging maker with about 100 employees in Dallas and Amarillo, Texas. The purchase price was not disclosed.
Genstar Capital signed a definitive agreement to acquire Brook + Whittle, a North American premium prime label and sustainable labeling maker headquartered in Guilford, CT, from TruArc Partners. The deal was announced on November 18, 2021, and no value was disclosed.
Ardagh Metal Packaging acquired Quebec-based Hart Print, a North American digital printing specialist for beverage cans, to serve emerging customers and smaller runs. The announcement was made on November 17, 2021.
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.
Iron Heart Canning acquired NorthStar Mobile Canning and the mobile canning operations of Lagersmith Canning Co. serving the Minneapolis and St. Paul craft beverage market, expanding its network to 26 states.
Kentwood, Michigan-based Land and Sea Packaging agreed to be sold to a Canadian firm in a $37.3 million cash and stock deal.
Wildpack Beverage agreed to acquire KT Murray Corporation, dba Land and Sea Packaging, an aluminum can brokerage in Grand Rapids, Michigan, for US$26.1 million cash plus shares worth about US$11.2 million. The deal is expected to help Wildpack reach six facilities in 2021.
UBEECO Group, a subsidiary of UFP Industries, acquired the assets of Boxpack Packaging in Melbourne, Australia, on 1 November 2021. Boxpack reported trailing 12-month sales of AUD 8.2 million to June 2021.
Belgian Van De Velde Packaging Group has acquired Remmert Dekker Packaging of Wormer, Netherlands, adding about 80 employees and roughly €15 million in revenue to its folding board division.
Berlin Packaging has signed a binding commitment with O-I France SAS to acquire the Le Parfait glass jar and lid business and brands, with closing expected around year end 2021. Le Parfait glass jars are made at plants in Puy-Guillaume, France and Sevilla, Spain.
US packaging distributor Novvia Group has acquired Fox Valley Containers, a Crystal Lake, Illinois distributor of plastic, metal, corrugated and glass packaging, for an undisclosed sum.