VPK Group raised its shareholding in CorrBoard UK to 50% by buying the stake of former shareholder Garthwest and subscribing for new shares. McLaren Packaging also subscribed for new shares in the North Lincolnshire company.
Canada's Transcontinental made a $1.32 billion offer to purchase Coveris Americas, which operates 21 facilities producing labels and shrink films, to become a major North American packaging company.
Belgian group VPK Packaging acquired part of the capital of family-owned French corrugated packaging firm Viallon Emballage, expanding into the Auvergne-Rhône-Alpes region. The deal value was not disclosed.
Munich-based Accursia Capital acquired tinplate packaging maker Klann Packaging from fellow Munich holding company Mutares on 18 May 2020. Financial terms were not disclosed.
Ball Corporation confirmed its board is in discussions about a possible acquisition of Rexam PLC, with a proposed combination of cash and equity reportedly valued at $6 billion. No formal agreement had been reached as of May 2020.
Ball Corporation agreed to sell its metal beverage can and end plants in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for approximately $225 million, plus potential additional consideration. Ball will license its technology to ORG and reinvest about $50 million in ORG's shares.
Belgian packaging group VPK Group has agreed to merge with French corrugated packaging maker Viallon Emballage, expanding into the Auvergne-Rhône-Alpes region.
Kuala Lumpur-based Creador has reportedly emerged as frontrunner to acquire about 20% of packaging maker Shriji Polymers, including Tata Capital Healthcare Fund's 13% stake, at a valuation of Rs 1,200 crore. The report, dated 13 May 2020, is based on unnamed sources and Creador has signed an exclusivity agreement.
Private equity investor CGS Management, through portfolio company EOL Packaging Experts, acquired a majority stake in BMS Maschinenfabrik of Pfatter, a maker of sorting systems and dry parts solutions. The deal was announced on 13 May 2020; no value was disclosed.
Ontario-based Royal Containers has acquired Mississauga-based corrugated packaging maker C&B Display Packaging. The deal value was not disclosed.
Cello-Wrap Packaging, Inc. acquired Cello-Wrap Printing, Inc., a three-generation flexographic printing business in Farmersville, Texas, in a transaction facilitated by Benchmark International, announced on 12 May 2020.
Crédit Mutuel Equity became a minority reference shareholder with 25% of Paris-founded packaging maker Verpack in a leveraged buyout advised by Pax Corporate Finance, with Stéphane Viers becoming Chairman.
Vancouver-based packaging manufacturer Great Little Box Co announced its acquisition of custom packaging company Ideon Packaging. The companies plan to operate alongside each other in existing facilities while integrating long term.
Nippon Paper Industries completed its $1.72 billion acquisition of the Orora Fibre Businesses, which were combined with Australian Paper to form Opal, Australasia's newest fibre packaging and paper company. The launch was announced on 1 May 2020.
TriMas Corporation bought select bag-in-box assets from Liquibox, which is backed by Olympus Partners. The deal was reported on April 30, 2020.
Packaging machinery supplier Bobst acquired a 51% majority stake in Cito-System, a maker of creasing systems and tooling for the packaging industry, with Cito-System management keeping 49%.
New-Indy Containerboard, a 50/50 joint venture of Kraft Group and Schwarz Partners, acquired Shoreline Container, which operates corrugated packaging and protective packaging facilities in Holland and Zeeland, Michigan.
French private equity firm Sparring Capital acquired a majority stake in Pure Trade, a French maker of luxury packaging and promotional products for cosmetics and fragrance. Initiative et Finance and Isatis Capital exited.
Stora Enso and Packages Ltd. completed the joint venture Bulleh Shah Packaging (Private) Limited, in which Stora Enso holds a 35% stake for about USD 39 million cash. The venture supplies packaging and paperboard products in Pakistan.
Siam Cement will acquire Vietnamese packaging materials maker Bien Hoa Packaging through a joint venture with Japan's Rengo; deal size is yet to be determined, and Bien Hoa produces 90,000 tonnes of cardboard boxes a year.
The US Federal Trade Commission has approved Silgan's $900 million purchase of the dispenser and tube business of French cosmetics packaging firm Albea, which Silgan expects to add $20 million in annual earnings.
Highlander Partners sold its portfolio company Akomex Group, a Central European cardboard packaging producer, to co-founder Sebastian Sliwa, backed by AMC Capital IV. The closing was completed on 2 April 2020; the price was not disclosed.
Highlander Partners completed the sale of its portfolio company Akomex Group, a Polish packaging manufacturer, to co-founder Sebastian Śliwa with management and support from AMC Capital IV. The article is dated April 2, 2020, and no deal value is given.
Graphic Packaging Holding Company announced the close of its acquisition of the Consumer Packaging Group business from Greif, Inc., a paper-based consumer packaging business.
Huhtamaki has completed the acquisition of the remaining shares of its Brazilian joint venture Laminor S.A., a tube laminate maker, for approximately EUR 30 million. The business is consolidated from April 1, 2020.
Klabin agreed to acquire International Paper's packaging assets in Brazil for R$330 million, consolidating its leadership in corrugated packaging. The deal was announced on 29 March 2020.
Sonoco agreed to acquire food can, ends and closures maker Eviosys from KPS for about $3.9 billion, creating a global leader in metal food can and aerosol packaging. Sonoco expects over $100 million in synergies.
Italian metal packaging group Tecnocap set up joint venture Tecnocap Oriental in Mumbai with Indian packager Oricon Enterprise, taking 75% control via the acquisition of Oricon's Metal Lug business. It marks Tecnocap's entry into India and the Far East.
Fortaleza Capital acted as exclusive corporate finance adviser to the shareholders of Bark Packaging Group on the sale of a minority stake to Quadrum Capital. Bark Packaging Group is headquartered in Eerbeek, Netherlands, with 36 employees.
Quadrum Capital has added Bark Packaging Group, a Dutch packaging management intermediary, to its portfolio as a minority investment to fund international growth. The article gives no deal value.
New York private equity firm Monomoy Capital Partners acquired Jacksonville-based paper and packaging distributor Mac Papers, which generates over $600 million in annual sales. The price was not disclosed, and Mac Papers' COO Rick Mitchell will become president.
Ball Corporation agreed to buy Tubex Industria e Comercio de Embalagens for $80 million plus a potential earn-out, gaining an aluminum aerosol can plant near Sao Paulo with eight extruded can lines.
Gertex Solutions acquired Freepak Inc., a packaging supplies provider based in Stoney Creek, Ontario, adding warehouse space and expanding its Ontario service coverage. The announcement was made on 9 March 2020.
Luxury packaging firm GPA Global acquired Hub Folding Box, a printing and packaging manufacturer with a facility in North America, for an undisclosed fee. Combined assets are expected to generate more than $250m in annual revenue. The announcement was made on 9 March 2020.
Schumacher Packaging, the German family-run corrugated packaging group, has acquired Jaffabox, a UK family-managed corrugated board packaging manufacturer. The Amyes family will continue to run Jaffabox.
Logoplaste Group acquired a majority stake in Masterchem, a Polish PET container manufacturer, forming Masterchem Logoplaste led by CEO Piotr Wasilewski, with the deal completed after UOKiK antitrust approval.
Good Natured Products agreed to acquire Shepherd Thermoforming & Packaging, a custom thermoforming provider in Brampton, Ontario, for C$9.5 million. BDC is providing financing, including a C$6 million mortgage for the real estate, and the deal is expected to close in May 2020.
Nefab Packaging Sweden AB acquired Trio Emballage AB, a heavy-duty packaging producer in Staffanstorp, Sweden, effective March 2, 2020. Trio has around 50 employees.
Germany- and France-based CDL Omni-Pac, backed by Motion Equity Partners and Arkéa Capital, acquired Scunthorpe-based Moulded Fibre Products, the UK's leading recyclable pulp packaging manufacturer.
Kokusai Pulp & Paper (KPP) signed binding agreements with Sequana and Bpifrance to acquire their 83.7% stake in paper and packaging distributor Antalis, representing about 75.2% of its share capital. The deal is subject to conditions precedent.
TriMas signed an agreement to acquire the Rapak brand, bag-in-box product lines and assets from Liqui-Box after Liqui-Box completes its purchase of DS Smith's Plastics Division, including facilities in Indianapolis, Union City and the Chicago area.
AR Metallizing, a Nissha subsidiary, completed its acquisition of the paper coating side of Eurofoil in Berlin, excluding the aluminium foil operation. The deal adds metallized paper capacity and direct food-contact packaging products.
Atlantic Corporation of Wilmington announced its acquisition of Coastal Corrugated, a 35-year-old family-owned corrugated box maker in North Charleston, South Carolina. Coastal also makes protective packaging components for the automotive industry.
Atlantic Corporation of Wilmington, NC announced the acquisition of Coastal Corrugated, a 35-year-old box company in North Charleston, SC. Coastal makes large-format corrugated boxes and custom protective packaging for the automotive industry.
AptarGroup has announced plans to acquire premium airless and colour cosmetics packaging company Fusion Packaging (FusionPKG) through a binding agreement. The deal is aimed at meeting demand for fast beauty packaging.
Aptar entered into a binding agreement to acquire Fusion Packaging I, L.P. (FusionPKG), a Dallas-based maker of prestige airless and color cosmetics packaging for the North American beauty market. The transaction is subject to customary closing conditions and the value was not disclosed.
Hoffmann Neopac is acquiring the production lines for hinged lid cans from Trivium Packaging in Deventer, the Netherlands. The purchase price was not disclosed.
Gryphon Investors signed a definitive agreement to make a strategic investment in Pacur LLC, a supplier of extruded PETG sheet for medical device packaging based in Oshkosh, Wisconsin. Terms were not disclosed and the founding family and management will remain owners.
Fedrigoni has completed its acquisition of the Ritrama group, an Italian multinational specialising in self-adhesive products.
Intertape Polymer Group agreed to acquire substantially all operating assets of Nortech Packaging, a maker of automated packaging machines near Chicago, Illinois, for about $36.5 million in cash plus potential earn-out. The deal was announced on February 10, 2020.