Venture Plastics was awarded a contract to mold the plastic trunk finisher that protects the latch mechanism of the 2019 Nissan Altima. The contract drove the company's expansion in Newton Falls, Ohio.
Quadpack acquired Louvrette, a German injection-moulding maker of skincare packaging jars, adding 8,500 m2 of manufacturing facilities and 40 injection-moulding lines. Financial terms were not disclosed.
Huhtamaki agreed to acquire a 70% majority stake in privately owned flexible packaging maker Everest Flexibles in Durban, South Africa, at an enterprise value of EUR 58 million. Everest has annual net sales of about EUR 40 million and about 420 employees.
Consolidated Container, through its Altium Packaging Canada business, acquired Quebec-based Plastique Micron and its affiliates IMBC Blowmolding and Les Produits de Plastique Action. The exact date was not given in the article.
Mid South Extrusion will invest $4.5 million to add a 10th production line at its Monroe, Louisiana plant, which makes polyethylene packaging films. The project will create eight new jobs and retain 128 existing jobs.
Mitsubishi Chemical Corporation, through subsidiary PT MC PET Film Indonesia, is building a new polyester film plant with 25,000 tons per year capacity and a US$130 million investment. Construction is targeted for completion by end of 2021.
Envases USA, a subsidiary of Mexico's Envases Universales Group, acquired Merrimack Valley Plastics of Methuen, Massachusetts, a PET bottle manufacturer. The former owners will remain with the company in their current roles.
Sri Lanka's Board of Investment signed an agreement with Japanese firm Sugano Packing Materials to set up a plant in Ja-Ela making flexible packaging, mainly flat-bottomed bags for the tea industry. A large pouching machine will be brought to Sri Lanka.
HCT announced it has acquired 100% control of HCT Kent Packaging Ltd., a Chinese plant co-founded in 2006 with Taiwanese businessman Kent Lee. The 47,000 square metre facility makes plastic injection-moulded, extrusion-blow and injection-blow moulded packaging for beauty brands.
Sri Lanka's Board of Investment signed an agreement with Sugano Colombo Pvt Ltd, a Japanese-linked firm, to set up a flexible packaging plant in Ja-Ela producing mainly flat-bottomed bags for the tea industry. The agreement was signed on 9 September 2019.
DBAG Fund VII, advised by Deutsche Beteiligungs AG, will acquire the majority of Cartonplast Group from Stirling Square Capital Partners in a management buy-out. Closing is subject to antitrust approval and is not expected before October 2019.
Berlin Packaging has acquired Netherlands-based packaging supplier Vincap & Adolfse Packaging for an undisclosed value and is merging it with its Bruni Glass division. The deal serves customers across the Benelux region.
Dow and UPM Biofuels announced the commercialization of a packaging plastics offering made from UPM BioVerno renewable naphtha, which Dow will use to produce bio-based polyethylene at its Terneuzen plant in the Netherlands.
SCG's Packaging Business acquired an 80% stake in Visy Packaging (Thailand) from Visy Singapore Investments for about 4,341 million THB, adding thermoformed food packaging capacity.
Deutsche Beteiligungs AG acquired reusable plastic layer pad maker Cartonplast, headquartered in Dietzenbach, from financial investor Stirling Square Capital Partners, with management participating under the new ownership.
TBM began construction on August 26, 2019 of its second domestic LIMEX plant in Tagajo, Miyagi Prefecture, with about 25,000 tonnes annual output and operations planned for winter 2020, employing around 60 local workers.
Aegg is preparing to open its first major UK warehouse near Eye, Suffolk later in 2019, with a 60,000 sq ft facility and a planned plastic food packaging plant. GBP 3.1 million is being invested, creating 50 new jobs.
Deutsche Beteiligungs AG will co-invest about EUR 26 million alongside DBAG Fund VII, which takes a majority stake in Cartonplast Group GmbH from Stirling Square Capital Partners in a management buy-out. Closing is not expected before October 2019.
Henkel announced a partnership with ALPLA to invest over $130 million in enhancing laundry detergent production at its Bowling Green, Kentucky facility, including a new bottle production area that will bring ALPLA 60 jobs.
Henkel announced a partnership with ALPLA to invest over $130 million enhancing laundry detergent production at its Bowling Green, Kentucky facility, including a new bottle production area. ALPLA will hire 60 employees once construction is complete.
Wenzhou Xifa Industrial is building a new factory in Wenzhou, Zhejiang, with a construction area of about 40,000 square meters and new high-speed weaving, printing and packaging machines. Completion of the building phase is expected in early November 2019.
SK Capital agreed to acquire the Performance Products & Solutions business of PolyOne Corp in a deal valued at about $775 million. The deal is expected to close in the fourth quarter.
Induplast SpA, a Bolgare-based maker of cosmetic packaging, acquired Vexel Srl, combining injection and blow molding capabilities and product catalogs. Vexel's founders keep a minority stake and their operational roles.
Paccor acquired a majority stake in EDV Packaging, a Barcelona-founded maker of high-barrier rigid plastic packaging for food, with founders keeping a minority stake. DC Advisory was exclusive financial advisor to the shareholders. The deal was signed and completed in July 2019.
ExxonMobil started production on a new high-performance polyethylene line at its Beaumont, Texas plant, increasing site capacity by 650,000 tons per year to nearly 1.7 million tons per year. The announcement is dated July 24, 2019.
Arsenal Capital Partners of New York agreed to buy the controlling interest in Little Rock-based Revolution, a plastics bag and recycling maker with over 800 employees and plants in Arkansas, California and Texas. The price was not disclosed. Arsenal plans to fund new collection, washing and recycling plants.
HSIL plans to double capacity of its Sangareddy pipes and fittings plant near Hyderabad to 60,000 tonnes by FY-2022 with an investment of INR 150 crore.
Plastipak Packaging signed a 96-month lease expansion of 233,770 square feet at Southern California Logistics Airport, bringing its total occupied space there to 530,230 square feet. The space supports a new bottled water business.
US company Tekni-Plex acquired Lameplast, an Italian maker of plastic pharmaceutical packaging, from private equity firm Aksìa Group for an undisclosed amount. Lameplast employs 130 people at Rovereto sul Secchia and joins Tekni-Plex's film business.
Pretium Packaging invested $2 million in new reheat stretch PET blow molding equipment and infrastructure at its Troy, Alabama plant. The lines can make cold- and hot-fill containers from 6 ounces to 2 liters.
PiovanGroup finalized the acquisition of ToBaPNC, a South Korean company that automates industrial processes for plastics, especially plastic powder transport. The deal expands Piovan's presence in South Korea.
Trelleborg's offshore operation was awarded a major multi-million-dollar contract by Pemex to supply its Elastopipe rubber-based flexible piping system for the Abkatun A complex in the Gulf of Mexico. The contract was announced on 3 July 2019.
BGF, through subsidiary BGF Eco Bio, signed an agreement to acquire a 77.01% stake in KBF, a Korean maker of biodegradable foam plastics based in Hwaseong, Gyeonggi. The deal marks BGF's entry into the eco and bio materials market.
Royal Unibrew and Petainer collaborated to develop a lightweight PET bottle with 50% food-grade post-consumer recycled PET for 500ml Pepsi carbonated soft drinks, reducing CO2 emissions at Royal Unibrew's Faxe, Denmark plant.
Berry Global completed its acquisition of RPC Group Plc for a purchase price of about $6.5 billion, creating a global plastic packaging leader with over 290 locations and about 48,000 employees.
Amcor signed a binding agreement to sell three former Bemis flexible packaging plants in the UK and Ireland to investment firm Kohlberg & Company for US$394 million cash, a divestment required by the European Commission. The plants generate about US$170 million annual sales.
Italian packager AMB has acquired TDX (Europe), a provider of PET, RPET and laminated rigid films, including its product design, prototype and tooling business. The deal expands AMB's European footprint, with the combined group having four sites in Europe and 430 employees.
Auer Packaging is building a third production hall of about 3,000 m² at its Amerang headquarters, due for completion in December 2019, to house eight new injection molding machines from February 2020.
Genstar-backed Tekni-Plex acquired three manufacturing facilities from Amcor's flexible packaging business in Madison and Milwaukee, Wisconsin, and Ashland, Massachusetts. No financial terms were disclosed.
Belgian private equity firm Cobepa bought a majority stake in Enoplastic, which makes capsules and caps for bottles in the Varese province of Italy, from the Macchi and Moglia families. Michele Moglia and Samo Kalin will continue to manage the company.
GOEX Corporation will open a new plastic sheet extrusion facility in Iron County, Utah, creating up to 100 jobs and about US$15 million in capital investment over seven years.
Pano Cap Limited has added several new injection molding machines and hired more machine operators at its Kitchener, Ontario plant, increasing manufacturing capacity for plastic closures. The company reports improved lead times as a result.
FIBC Kazakhstan opened a newly built factory in Aktobe, Kazakhstan, producing railcar liners used to transport Tengiz sulphur, on June 6, 2019.
EFP Corporation will lease a 100,000-square-foot building in Evansville's Vanderburgh Industrial Park and invest in production equipment for expanded foam protective packaging, creating up to 29 jobs by 2021. The facility is planned to be operational by November 2019.
Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass, a fluid management vessel and tank maker, and Diamond Services, an industrial services business. The business will be rebranded Diamond Fiberglass Systems and Services.
Royal Unibrew and Petainer collaborated on a lightweight PET bottle containing 50% food-grade recycled PET for 500ml Pepsi carbonated soft drinks. The bottle is made from Petainer's preform at its Lidkoping, Sweden site, and the bottle design is used at Royal Unibrew's Faxe plant in Denmark.
Packaging maker ALPLA invested 13 million euro in ultra-modern packaging manufacturing in Werner & Mertz's new Mainz production center, making recycled-plastic bottles on site.
Werner & Mertz invested 30 million euro in a new production building in Mainz's Rheinallee, its largest investment to date. One production line valued at 4.5 million euro is already running, and Frosch production can be doubled in the final stage.
Consolidated Container Company has acquired the assets of Sonic Plastics Enterprises, a packaging producer for nutraceutical, health and beauty markets in the mountain west region of the United States.
Carlsberg has begun using ExcelRise's R100 100% recycled plastic film for beer multipacks in Sweden, as part of its Together Towards ZERO sustainability program. The film contains at least 30% recycled content from Carlsberg's European breweries.