Smurfit Kappa agreed to acquire the Verzuolo recycled containerboard mill in northern Italy from Burgo Group for €360 million, with 600,000 tonnes annual capacity; closing is expected in Q4 2021.
Imperial Dade agreed to buy EBP Supply Company, a distributor of food service packaging and janitorial supplies headquartered in Milford, Connecticut. The deal was announced on July 26, 2021.
B2B Industrial Packaging, a GenNx360 company, announced its acquisition of Allen Packaging Company of Tustin, California, its 16th major acquisition, adding corrugated products, poly bags and stretch film.
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.
Anchor Packaging LLC, a rigid food packaging maker, announced its acquisition of Panoramic Inc., based in Janesville, Wisconsin. The blog post is dated April 25, 2022, and the financial terms were not given.
Dongwon Systems signed a merger agreement to absorb its subsidiary Techpack Solution, Korea's largest glass bottle maker, with a merger ratio of 1 to 4.44. A shareholder meeting is scheduled for September 1, 2021.
Smurfit Kappa Group completed the acquisition of Cartonbox, a folding carton company based in Monterrey, north-east Mexico, announced on 5 July 2021.
Guillin, a European food packaging group, has completed the acquisition of Gault et Frémont, a maker of paper bags, cardboard boxes and baking paper with four sites in France and Belgium, from UI Investissement. Gault et Frémont reported 2020 sales of 63 million euros.
Platinum Equity agreed to sell Multi-Color Corporation, a global label maker, to affiliates of Clayton, Dubilier & Rice; the deal is expected to close by end of 2021 and terms were not disclosed.
ProAmpac, backed by Pritzker Private Capital, has acquired UK-based Ultimate Packaging, a flexible packaging manufacturer. No price was disclosed.
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.
Tekni-Plex signed a definitive purchase agreement to acquire Grupo Phoenix, a rigid custom packaging manufacturer with operations in the United States, Colombia and Mexico, to strengthen its consumer products business. The price was not disclosed.
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.
Intertape Polymer Group has entered into a definitive agreement to acquire Nuevopak Global, a Hong Kong-headquartered maker of protective packaging machines, for about $43.8 million in total cash consideration.
A group of Quebec investors led by Champlain Financial Corporation acquired Enjay Converters Ltd., a Cobourg, Ontario maker of food-contact grade packaging such as cake boards and piping bags. Financial terms were not disclosed.
Berlin Packaging announced the acquisition of Cannasupplies, one of Canada's largest suppliers of cannabis packaging solutions, which will operate as a division of Consolidated Bottle Corporation. The financial terms were not disclosed.
Berlin Packaging announced the acquisition of Elias Valavanis S.A., a glass packaging supplier based in Larissa, Greece with operations in Bulgaria and Romania. Terms were not disclosed and all employees and locations will be retained.
Wildpack Beverage signed a binding agreement to acquire CraftPac LLC, an aluminum can decorator in Georgia, for US$2.15 million cash, with closing expected around June 30, 2021. Announced June 18, 2021.
Shengxing Holdings (002752.SZ) plans to acquire all equity of Pacific Can (Qingdao) from Fuzhou Pacific Can Group for RMB 262 million, funded from its own resources, to expand its two-piece can business in Qingdao.
Reno De Medici signed an irrevocable commitment to acquire 100% of Fineska B.V., the holding company of the Eska Group, a solid board maker with two Dutch mills and 290,000 tons of yearly capacity. Closing is expected by July 31, 2021.
Emusa Group acquired Smurfit Kappa's flexible packaging business in El Salvador as part of the Cartones del Pacifico transaction.
Smurfit Kappa completed its acquisition of Cartones del Pacifico, a paper-based packaging company located in Paramonga near Lima, Peru. The deal expands its Americas footprint to 13 countries.
Special Packaging Solutions Investments completed the acquisition of the remaining stake in Italian closures maker Guala Closures on June 7, 2021, after a mandatory takeover bid. The original offer was valued at about EUR 300 million.
Italian packaging maker Gualapack became majority shareholder of Easysnap Technology, a Modena-based maker of single-dose easy-open packaging systems. Easysnap's CEO Andrea Taglini will remain in his role.
Munich-based Accursia Capital acquired 100% of Müller & Bauer GmbH & Co. KG, a metal packaging producer in Metzingen, Germany, from G. Staehle GmbH & Co. KG. The company employs 100 people.
BoxWay Packaging Group Limited, a newly incorporated independent company led by CEO Andrew Woollard, acquired Saica's corrugated sheet plants in Exeter, Peterlee and Telford in England and announced a multi-year investment plan.
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.
PACCOR Packaging GmbH completed its acquisition of Belgian packaging company Miko Pac NV from Miko NV on June 1, 2021. The deal was signed on March 30, 2021 for approximately 110 million euros.
Mondi completed the acquisition of a 90.38% stake in Olmuksan International Paper Ambalaj from International Paper for 66 million euros on June 1, 2021. The implied enterprise value on a 100% basis is about 88 million euros.
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.
VPK Group increased its shareholding in CorrBoard UK to 50% through new shares and by acquiring the stake of former shareholder Garthwest. McLaren Packaging also subscribed for new shares in the corrugated sheet board producer.
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.
Private equity firm Oxy Capital and illimity Bank agreed to acquire Gpack Group, an Italian maker of cardboard boxes and cartons for luxury, pharma, cosmetics and food markets, for $72 million.
Coveris acquired UK-based flexibles manufacturer Four04 Packaging in May 2021; the price was undisclosed.
SCG Packaging signed a share purchase agreement on May 10, 2021 to acquire 75% of Intan Group, a major Indonesian producer of corrugated containers with four strategic locations.
Amcor has taken a stake in ePac, described as the world's biggest digital flexibles printer, which operates 76 HP Indigo printers. The stake was disclosed with Amcor's third-quarter results on 6 May 2021.
MB Funds and the management invest in Pyroll Packaging, a Finnish maker of sustainable packaging with nine manufacturing sites, under a transaction signed on 5 May 2021. Pyroll had net sales of 60m EUR in 2020.
Mutares completed the acquisition of RDM La Rochette S.A.S. from the Reno De Medici Group. The Valgelon-La Rochette, France plant makes virgin-fibre folding boxboard for pharma and food packaging, with revenues near EUR 120 million and about 300 employees.
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.
Constantia Flexibles has signed an agreement to acquire 100% of Turkish flexible packaging maker Propak Ambalaj from Yıldız Holding's Gözde Girişim for EUR 120 million, subject to legal approvals.
Graphic Packaging announced plans to acquire North American folding carton maker Americraft Carton for around $280 million. The deal includes seven Americraft converting facilities and all its employees.
Mauser Packaging Solutions, through its joint venture NCG-Maider, acquired Italian reconditioner Global Tank Srl, adding a site in Magnago near Milan. The deal expands its industrial packaging and reconditioning footprint in Italy.
US investment firm KPS agreed to buy Crown Holdings' European tinplate packaging division, including former Mivisa, for €1.9 billion, with Crown keeping a 20% stake. The deal is expected to close in Q3 2021.
Industrial Opportunity Partners completed the sale of its portfolio company El Dorado Packaging to ProAmpac Holdings, a flexible packaging company. Terms were not disclosed.
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.
Folding carton maker Joh. Leupold GmbH & Co. KG, majority-owned by Waterland Private Equity since August 2020, is merging with carton and corrugated packaging maker Strobel AG of Roth. The founding Strobel owners remain during a transition phase.
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.
Klingele Paper & Packaging Group has acquired the Société Guadeloupéenne de Carton Ondulé corrugated board plant in Baillif, Guadeloupe, from International Paper, to operate as Klingele Cartonnerie de Guadeloupe.
KPS Capital Partners signed a definitive agreement to acquire Crown Holdings' EMEA food, aerosol and promotional packaging business for EUR 2.25 billion, with Crown keeping a 20% stake. Closing is expected in the third quarter of 2021.