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.
Packaging Corporation of America agreed on October 22, 2021 to acquire substantially all assets of Advance Packaging Corporation, including a 500,000 sq ft corrugated products facility in Grand Rapids, Michigan, for $189 million in cash.
Harvest Partners has acquired Fortis Solutions Group, a specialty packaging and labeling company, from Main Post Partners. The deal was reported on 19 October 2021.
Graphic Packaging obtained all mandatory regulatory approvals to acquire fiber-based packaging maker AR Packaging in a US$1.45 billion cash deal first announced in May 2021.
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.
Private equity firms Azulis Capital and Arkea Capital entered the capital of Nantes-based packaging distributor Fidel Fillaud, which reported €76 million in 2020 sales, while founding family keeps control.
Smurfit Kappa has acquired Verzuolo, a 600,000-tonne recycled containerboard mill near Savona in Northern Italy, for €360 million ($416 million).
US retail packaging maker Rohrer has taken over Coburn Carton Solutions, a printer and converter of folding cartons for food, pharmaceutical and household goods brands. Financial terms were not disclosed. The announcement was made on October 5, 2021.
Silgan Holdings has acquired Easytech Closures, which makes easy-open metal ends at Fisciano, Italy, for EUR 31.5 million ($36.5 million). Easytech is projected to generate about EUR 38 million in 2021 sales.
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.
HAAS AS, owned by the Akselsen family and holding 50 per cent of Jackon, accepted BEWI's offer to acquire all Jackon shares, taking consideration in new BEWI shares. The minimum acceptance condition has been met.
Opus Packaging Group acquired the assets of Palmetto Packaging Corporation, a corrugated products maker in Florence, South Carolina, effective October 1, 2021. The deal adds Opus's seventh manufacturing facility and extends its footprint in the southeast US.
GTCR announced on October 1, 2021 its acquisition of PPC Flexible Packaging, a Buffalo Grove, Illinois maker of flexible packaging, from seller MSCP. PPC had completed seven acquisitions under MSCP's ownership.
Irish packaging company Zeus announced a deal to buy Limerick Packaging, a corrugated packaging supplier to the industrial and transit packaging market, in Ireland. The sale is subject to approval by the Competition and Consumer Protection Commission.
Eren Paper, a subsidiary of Turkey's Modern Karton and Eren Holding, completed its acquisition of the Shotton Paper Mill in North Wales on 30 September 2021. Planned containerboard production is expected to make the UK a net exporter and create over 600 new jobs.
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.
Investment fund LBO France acquired a majority stake in Baobag, a French maker and distributor of large-capacity flexible packaging, alongside AfricInvest, BNP Paribas Développement and management. The deal was announced in Paris on 24 September 2021 and no value was disclosed.
Tekni-Plex agreed to acquire Keyes Packaging Group, a food and beverage packaging provider, from private equity firm Arbor Investments. Financial terms were not disclosed.
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.
Atlantic Packaging Products, a Canadian corrugated packaging maker, acquired Skybox Packaging, a custom corrugated packaging manufacturer and packaging supplies distributor in Mansfield, Ohio, to expand its US footprint.
TricorBraun agreed to acquire Cormack Packaging, a rigid packaging supplier in Australia and New Zealand, marking its entry into Australia. The deal was announced on September 13, 2021 and expected to close later that month.
Cardbox Packaging Group announced the acquisition of Valuepap GmbH, a paper cup producer with 18 staff at its Pinkafeld, Austria site, with closing scheduled for 31 December 2021.
Premier Packaging of Louisville, Kentucky acquired JIT Packaging, an Ohio maker and distributor of industrial corrugated packaging, in a deal advised by Paramax. JIT's manufacturing facility is in Lebanon, Ohio.
UK packing supplier Invopak bought a warehousing facility in Warwickshire for £3.4 million as part of a diversification strategy. The deal was reported on 2 September 2021.
ProAmpac, a flexible packaging supplier, acquired APC Paper Group, a producer of recycled paper packaging for food service and retail.
Pactiv Evergreen agreed to acquire Fabri-Kal, a Kalamazoo, Michigan maker of foodservice and consumer packaging, in a transaction valued at about $380 million, expected to close in late Q3 or early Q4 2021.
The HAVI Group acquired Pacific Market International (PMI Worldwide), a manufacturer of sustainable food and beverage containers, on September 1, 2021. The deal value was not disclosed.
H.I.G. Capital, through an affiliate, completed its acquisition of Jackson Paper Manufacturing and Sustainable Corrugated, a recycled corrugated packaging maker headquartered in Sylva, North Carolina, on September 1, 2021. H.I.G. is partnering with the current management team.
Fedrigoni acquired a 70% stake in a NewCo that will make thermoformed, biodegradable cellulose inner trays and boxes for luxury goods. The deal was reported on 31 August 2021.
Crown Holdings completed the sale of its European Tinplate business, with 44 facilities in 17 countries, to KPS Capital Partners, retaining a 20% ownership stake.
Jamestown Container Companies agreed to acquire Cattaraugus Container, Inc., a converted paper product manufacturer in Franklinville, NY, effective immediately on August 30, 2021. Terms were not disclosed and the workforce will be retained.
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.
Apollo-controlled funds agreed to buy about 67% of Reno De Medici from its two largest shareholders, Cascades and Caisse de depot et placement du Quebec, at EUR 1.45 per share. The deal cost about EUR 315.3 million and was expected to close by Q3 2021, followed by a mandatory takeover bid.
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.
A management buy-out of Medica Packaging Ltd, a UK folding carton maker, was completed from Sullivan Street Partners, supported by Harwood Private Equity.
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.
SCG Packaging completed the 75% share acquisition of Intan Group, an Indonesian corrugated container producer, on August 13, 2021, for 822 billion rupiah upfront through a joint venture with Rengo.
Premji Invest bought a major, undisclosed stake in SB Packagings, an Indian flexible packaging maker for the hygiene segment, with proceeds partly used for capacity expansion and acquisitions.
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.
US packaging firm Novolex has acquired Vegware, an Edinburgh-based maker of compostable foodservice packaging, for an undisclosed sum. Vegware will keep its brand within Novolex's Eco-Products portfolio.
Wildpack Beverage has signed a binding agreement to buy Vertical Distilling, LLC, a Colorado aluminum can filling business, for US$4.5 million cash, subject to holdbacks. The target is the leading can filler in Colorado and surrounding states.
Family office Treis has acquired full ownership of Singapore packaging company Greenpac, merging it with sister companies Salpac and Sal Packaging to form one international group. The deal is reportedly worth about S$100 million.
Berlin Packaging has acquired the Juvasa Group, a Seville-based supplier of glass, plastic and metal packaging with locations in Spain, Portugal and the Canary Islands. Terms were not disclosed.
Ardagh Metal Packaging completed its merger with Gores Holdings V on August 5, 2021, and began trading on the New York Stock Exchange under AMBP, with Ardagh Group keeping about 82% of the business. Gores Holdings V reportedly paid around $1 billion for the deal.
Ardagh Metal Packaging, the metal packaging business of Ardagh Group, completed its $8.5 billion business combination with the special purpose acquisition company Gores Holdings V on August 4, 2021, becoming an independent public company.
Ardagh Metal Packaging S.A., a beverage can producer, completed its business combination with special purpose acquisition company Gores Holdings V on 4 August 2021. The combined company begins trading on the NYSE as AMBP on 5 August 2021.
Mayr-Melnhof Karton AG completed its acquisition of Finnish cartonboard and saturating kraft paper maker Kotkamills on 2 August 2021, after regulatory approvals. The deal strengthens MM's virgin-fiber cartonboard position and adds cupstock.
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.
Toppan has acquired InterFlex Group, a flexible packaging converter with five production facilities in the US and UK, completing the deal on July 23, 2021. The purchase will establish a flexible packaging production network in North America and Europe.