US-based ProAmpac Holdings acquired RA Pacaisti Teo from Ludgate Investments, with plans to expand manufacturing of primary packaging for ready-to-eat foods. The company keeps its Donegal and London operations and terms were not disclosed.
Lebanon, Tennessee manufacturer Morrison Industries acquired Envoy Packaging of Morrison, Tennessee. Envoy will make plastic and foam packaging and dunnage to complement Morrison's steel shipping racks and cardboard packaging.
Ares Management's Private Equity Group funds and Ontario Teachers' Pension Plan Board have agreed to acquire a majority interest in packaging distributor TricorBraun from AEA Investors, with management retaining a stake. The deal was announced January 7, 2021.
Avery Dennison acquired the business of Ohio-based ACPO Ltd., a maker of pressure-sensitive overlaminates, for $87.6 million. ACPO has about 170 employees.
H.I.G. Capital made simultaneous growth investments in Action Point and Signature Flexible Packaging and merged them into one flexible food and consumer packaging provider. The deal was announced on 5 January 2021 with no financial terms disclosed.
I.P. Container Holdings, majority shareholder of Olmuksan, signed a share purchase agreement with Mondi Corrugated for 90.38% of Olmuksan for EUR 66.4 million, per Bloomberg HT reporting.
Mondi agreed to acquire a 90.38% stake in Olmuksan International Paper Ambalaj, a listed Turkish corrugated packaging producer with five plants, from International Paper for €66 million, with completion expected in the first half of 2021.
Paperpack's main shareholder and his family agreed to sell their shares, with fifteen other shareholders, to Orlando-Equity Holding Limited at EUR 6.66 per share. The buyer will reach 90.02% and then make a mandatory tender offer, with completion expected by end of December 2020.
An Apollo-led consortium and institutional investors will acquire a 49.9% stake in AB InBev's US-based metal container plants for approximately $3 billion. AB InBev keeps operational control and will sign a long-term supply agreement.
Funds managed by Morgan Stanley Capital Partners completed an investment in AWT, a provider of labels and flexible packaging, buying from Mason Wells. The deal was completed in December 2020.
Envases Europe, a subsidiary of Envases Group, agreed to acquire Huber Packaging Group, a German maker of tinplate and plastic packaging with about 900 employees at six European sites. The deal, subject to competition review, is expected to close in Q1 2021.
Harwood Private Equity acquired Medica Packaging Limited of Crewe, Cheshire, through a management buy-out led by Chief Executive Gerard Harford and Finance Director Mark Stokes. Medica makes printed cardboard cartons and folded leaflets for healthcare customers.
SCG Packaging completed its acquisition of a 94.11% stake in Bien Hoa Packaging (SOVI), a listed Vietnamese corrugated box maker, for about 2.07 trillion dong. The deal closed on 18 December 2020, with SOVI consolidated from January 2021.
ABX announced its acquisition of the U.S. flexible packaging converter business of Berry Global Group. The business makes co-extruded multi-layer films, mainly for food applications.
Berlin Packaging has acquired Spanish plastic packaging company Repli, based in Barcelona. It is the ninth Berlin Packaging acquisition in Europe since 2016.
Novolex has acquired the business of B&H Bag Company, a paper bag manufacturer with one plant in Brookshire, Texas, to add production capacity to its Duro Bag operations. The announcement was made on 15 December 2020.
TCG Solutions, a subsidiary of Thailand's SCG, registered to buy over 12 million shares (94.11%) of Vietnamese carton packaging maker Bao bi Bien Hoa, valued at about 978 billion VND. Transactions are expected between December 16 and 31, 2020.
A.P. Moller Holding has signed an agreement to acquire Faerch, a pan-European sustainable food packaging manufacturer, from funds managed by Advent International. Faerch operates integrated recycling for circular food packaging.
Main Post Partners-backed Fortis Solutions, which employs over 850 people across 14 sites, has acquired Kala Packaging, and intends to keep pursuing acquisitions.
Private investment firm Graham Partners acquired Berry Global's North American extrusion, converting and coating business. It will combine with Graham's Advanced Barrier Extrusions (ABX) and operate under the ABX name.
MM Group agreed to acquire Kotkamills Group Oyj from its shareholders for an enterprise value of around EUR 425 million. Kotkamills operates a cartonboard mill in Kotka, Finland, and closing is expected by mid-2021.
Investindustrial's SPSI unit acquired a 24.2% stake in Guala Closures and agreed to buy a further 16.6%, lifting its holding to 48.9%. It will launch a full takeover offer at EUR 8.20 per share, announced on December 8, 2020.
Flexible packaging company ProAmpac, a portfolio company of Pritzker Private Capital, acquired Canadian packaging manufacturers Rosenbloom Groupe, Hymopack and Dyne-A-Pak. The deal was reported on 2 December 2020.
Berlin Packaging has acquired Italian plastic packaging company Pentapackaging, based in Bergamo. It is the ninth Berlin Packaging acquisition in Europe since 2016.
Shengxing Shares plans to buy 100% of Pacific Can (Shenyang) from Pacific Can (Fuzhou) for 171 million yuan in internal funds to expand its two-piece can business in northeast China; the related agreement was signed on 30 November 2020.
SIG Combibloc Group has signed an agreement to acquire the 50% stake held by Obeikan Investment Group in SIG Combibloc Obeikan, giving it full ownership. The joint venture operates a manufacturing plant in Riyadh, Saudi Arabia, and completion is subject to antitrust approvals.
Duravant has signed a definitive agreement to acquire Cloud Packaging Solutions from its parent Hearthside Food Solutions. Cloud, based in Des Plaines, Illinois, makes high-speed flexible packaging equipment.
Altium Packaging has acquired the assets of SFB Plastics, Inc., a Wichita, Kansas maker of HDPE blow-molded industrial containers. The deal was announced on November 16, 2020.
JBT Corp. of Chicago agreed to buy United Kingdom-based Proseal, a tray sealing technology maker, for 220 million pounds ($258.67 million), with closing expected in the second quarter of 2021 subject to regulatory approvals.
EPL Limited's board approved the acquisition of Creative Stylo Packs, an Indian maker of corrugated boxes and plastic and laminated tubes. EPL will buy a 72.5% stake for cash and the remaining 27.5% through issuance of EPL shares to the founders.
Denmark-based Faerch Group has acquired the Sirap food packaging business in Italy, Poland and Spain from Italmobiliare. The business includes three production sites, and the deal is expected to close within three months, subject to regulatory approval.
Golden West Packaging Group acquired Berry Pack and Progressive Packaging Group, two California-based fresh produce packaging and distribution providers with operations in California, Arizona and northern Mexico.
Inovar Packaging Group acquired Kansas City-based Tabco, a label and packaging manufacturer founded in 1957, in partnership with its existing management team, announced on 4 November 2020.
Berlin Packaging announced the acquisition of Consolidated Bottle Corporation, a Canadian supplier of plastic, glass and metal containers and closures. The deal significantly expands Berlin Packaging's footprint in Canada, and all Consolidated Bottle employees and locations will be retained.
Chicago-based BASCO, Inc. announced the acquisition of Youngstown-based Youngstown Barrel and Drum (YBD), a distributor of industrial packaging. YBD customers will gain access to BASCO's wider product lines.
Thailand-based SCG Packaging announced its acquisition of Go-Pak, a UK total packaging solution provider based in Yate, Bristol. Go-Pak will keep its management, operations and brand, and the deal supports SCGP's expansion in the UK, Europe and North America.
Thailand's SCG Packaging (SCGP) signed a share purchase agreement to acquire 100% of Go-Pak UK Limited, a foodservice packaging maker with its base in Vietnam, expected to close around December 2020 and add over THB 2,800 million in annual revenue.
SCG Chemicals and A.J. Plast will set up a joint venture in Vietnam to produce and distribute biaxially oriented film, with a total capital of 700 million baht, SCG Chemicals holding 45%.
SCG Chemicals, a unit of SCC, will subscribe to 40,560,773 new A.J. Plast shares, about 9.22%, at 17.15 baht per share, totaling roughly 696 million baht, in a private placement.
TriMas signed an agreement to acquire Affaba & Ferrari Srl, a designer and manufacturer of precision caps and closures based in Borgo San Giovanni, Italy. The deal is expected to close before the end of 2020 and will join TriMas' Packaging segment through its Rieke division.
Private equity group KCE of Bilbao, Spain completed the acquisition of CTL Packaging USA Inc., the U.S. manufacturing subsidiary of Corporacion Juan Celaya located in North Carolina, via a stock deal.
VPK Group agreed to buy Encase, a manufacturer of corrugated cardboard packaging with two corrugated plants in England and one sheet plant in Scotland, for an undisclosed fee. VPK will merge Encase with its UK corrugated operations.
VPK Group agreed to buy Encase Ltd from Canadian Overseas Packaging Industries (COPI) Ltd, a corrugated packaging manufacturer with two plants in England and one in Scotland. VPK intends to merge Encase with its UK corrugated operations.
Opus Packaging Indianapolis agreed to acquire substantially all assets of Arvco Container Corporation's Indianapolis location, and offered employment to its current employees, effective October 5, 2020.
International Paper announced on 14 October 2020 that it completed the previously disclosed sale of its Brazilian corrugated packaging business to Klabin S.A. The business has three containerboard mills and four box plants. No price is given in the article.
Berlin Packaging has acquired Vinkova B.V., a Netherlands-based glass packaging supplier serving food and beverage markets, strengthening its glass offering in northern Europe. All employees and locations are being retained.
Tri-Wall's Mexican subsidiary TW Mexico Packaging Solutions acquired a 100% stake in Thimm Packaging Systems Mexico, a supplier of industrial packaging to the Mexican automotive market, with the transaction closing on October 9, 2020.
GenNx360 Capital Partners acquired industrial packaging distributor B2B Industrial and the assets of AMW Packaging Supply, both US-based suppliers of packaging supplies and equipment. The deal was announced on 2020-10-08 with no financial terms disclosed.
New York private equity firm GenNx360 Capital agreed to acquire B2B Industrial Packaging and AMW Packaging Supply, distributors of packaging supplies and equipment. Financial terms were not disclosed.
New-Indy JV Corp. agreed to acquire Reliable Container from Georgia-Pacific, adding facilities in Santa Fe Springs, California and Tijuana, Mexico that make custom corrugated containers and point-of-purchase displays. The transaction was expected to close in mid-October 2020.