PSB Industries is in negotiations with manufacturer Groupe Pochet to acquire its plastic packaging business Qualipac, a beauty packaging company.
AMC Capital IV provided EUR 21.1 million to support a management buy-back of Akomex, a Polish packaging manufacturer, led by co-founder Sebastian Śliwa with management. Akomex operates two plants in Poland and one converting operation in Denmark.
Highlander Partners signed a definitive agreement to sell Polish packaging maker Akomex Group to co-founder Sebastian Śliwa and management, with support from AMC Capital, subject to antimonopoly approval.
Italian closure maker Enoplastic and France's Sparflex signed a strategic agreement to merge and create a global leader in wine and spirits closures. The combined company has 13 production sites across six countries.
Welch Packaging has acquired Tri-Lakes Container, a corrugated packaging supplier in Pierceton, Indiana. Terms were not disclosed.
Italy's Enoplastic and France's Sparflex agreed a strategic merger to create a global leader in wine and spirits closures, with 13 production sites in 6 countries and a commercial presence in more than 90 countries. Investment firm Cobepa and the Moglia and Soutiran families remain shareholders.
Corrugated packaging supplier Sandland Packaging has come under new ownership through a Buy-In Management Buyout, following a reported £5m investment.
Silgan Holdings signed a binding offer to acquire the dispensing business of Albea for $900 million, adding engineered pumps, sprayers and foam dispensing solutions for personal care. Completion is subject to regulatory approvals and is expected in the first half of 2020.
Graphic Packaging agreed to acquire Greif's Consumer Packaging Group business for approximately $85 million, adding seven US converting facilities with over $200 million in annual revenue, with closing expected in Q1 2020.
Huhtamaki agreed to acquire 70% of privately owned flexible packaging manufacturer Everest Flexibles in South Africa for an enterprise value of EUR 58 million, paid partly in cash and partly in shares.
Private equity fund Gradiente I, managed by Gradiente SGR with co-investor La Finanziaria Trentina, sold 100% of aluminium packaging maker TR Alucap to Austria's Constantia Flexibles on March 1, 2017.
Bangkok Glass Group's container glass unit BGC reportedly bought a 25% share in BS Glass Recycling Company, Thailand's largest buyer of used glass bottles, as part of its strategy to invest in clean energy and paper packaging.
H.I.G. Capital portfolio company Cadica Group has acquired the majority of Scatolificio Cartotecnica Giorgi, a Tolentino packaging box maker producing over 70,000 boxes daily, announced January 21, 2020.
IG Design Group agreed a merger to acquire US consumer product maker CSS Industries for $9.40 per share in an all-cash deal valued at about $88 million, announced January 21, 2020.
Clearlake Capital Group, in partnership with management, has acquired rigid packaging maker Pretium Packaging from Genstar Capital. Pretium operates 19 automated plants in the US; financial terms were not disclosed.
Bunzl Distribution announced the acquisition of Joshen Paper & Packaging, a distributor of packaging supplies with locations in 11 US states and about 450 employees.
Private equity firm Industrial Opportunity Partners has acquired Midwest Paper Group, a recycled containerboard mill in Combined Locks, Wisconsin. Terms were not disclosed.
Guala Closures consolidated its position in the beverage and water market by acquiring the assets of Closurelogic. No value was disclosed.
Gruppo Fabbri announced that CAVECO has officially joined the Modena-based group, adding thermosealing machines and packaging lines to its portfolio. The deal's value was not disclosed.
TricorBraun, a North American primary packaging supplier, acquired Minneapolis-based Packaging Solutions Inc (PSI), a rigid packaging supplier with 25 years of experience, adding a Minneapolis warehouse. Financial terms were not disclosed.
MSI Express, backed by HCI Equity Partners, acquired contract packager Power Packaging on December 31, 2019, and announced it on January 7, 2020. Power has four facilities in the Chicago area, Wisconsin and Texas, and takes the combined platform to 12 production facilities.
Rengo's Thai joint venture Thai Containers Group, through subsidiary TCG Solutions, acquired 94.11% of Bien Hoa Packaging, a corrugated cardboard and paper packaging maker near Ho Chi Minh City, Vietnam. The deal was announced on December 23.
Huhtamaki agreed to buy the remaining shares of its Brazilian joint venture Laminor S.A., a tube laminate maker, for about EUR 30 million. Closing is expected in Q1 2020 subject to Brazilian approval.
Cerberus Capital Management affiliates completed the purchase of the North American, Costa Rican and Japanese businesses and facilities of closure maker Closure Systems International from Reynolds Group Holdings, which keeps its European, Middle Eastern, Egyptian and South American closures units.
Agencja Rozwoju Przemyslu bought shares in ZPO Opakomet Lowicz and Opakomet Krakow for over PLN 18 million, a first step toward forming the Polish Packaging Group Opakomet through a merger of the two companies.
Formulation, filling and manufacturing company HCT Group is to merge with Quebec-based formulator and manufacturer Knowlton Development.
Berlin Packaging completed its acquisition of Novio Packaging, creating a merged business with sales above EUR 1.3 billion across Europe and North America.
Cascades Inc. is exercising its option to buy the 20.2% interest held by CDPQ in Greenpac Holding LLC, a lightweight containerboard mill in Niagara Falls, New York, for about $93 million. The deal is expected to close January 3, 2020, raising Cascades' stake to 86.3%.
Spicers Paper, a division of Central National Gottesman, acquired Kilmer, Wagner & Wise Paper Company, a Garden Grove, California distributor of corrugated products, stretch film and industrial packaging. Financial terms were not disclosed.
Hoffmann Neopac acquired CM Packaging, a longstanding metal packaging partner in the Netherlands, and the companies will operate as one entity from January 1, 2020. The price was not disclosed.
Green Arrow Capital, via its Private Equity Fund 3, acquired the majority stake in Poplast Group from EOS Investment Management and reinvesting managers, creating a green packaging platform in Italy. Poplast has plants in Castel San Giovanni and Lamporecchio.
The Waldkirch-based August-Faller-Gruppe, now renamed Faller Packaging, acquired Hungarian company Pharma Print, a maker of folding cartons and package inserts for the pharmaceutical industry. The deal was announced on 2 December 2019.
TC Transcontinental agreed to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for US$180 million, subject to working capital adjustments. Closing is expected in the first quarter of fiscal 2020.
US packaging firm Sonoco acquired Thermoform Engineered Quality (TEQ) and Stevenage-based Plastique Holdings from ESCO Technologies for about £145 million ($187 million).
Green Bay Packaging Inc. became a minority owner of CompanyBox, a Charlotte-based web-to-print packaging company, effective November 22, 2019. CompanyBox will continue under the leadership of Louie DeJesus.
Logoplaste Group signed an agreement to acquire a majority stake in Polish PET container manufacturer Masterchem, with the founding family keeping a significant minority stake. Closing is expected in Q1 2020, subject to regulatory approvals.
Trioplast Group signed an agreement on November 22, 2019 to acquire Dutch plastic film maker Apeldoorn Flexible Packaging (AFP) from JPF Netherlands BV, part of B.C. Jindal group. The transaction is subject to regulatory approvals.
Sonoco signed a definitive agreement to acquire Thermoform Engineered Quality (TEQ) from ESCO Technologies for approximately $187 million in cash. TEQ makes thermoformed packaging for healthcare, medical device and consumer markets, with facilities in the US, UK and Poland.
French manufacturer Neyret is taking over 100% of SERAM and its subsidiaries through its holding company NTH, creating a world leader in textile and multi-material decoration and identification for luxury products.
Huhtamaki agreed to acquire 70% of Everest Flexibles, a private flexible packaging manufacturer in Durban, South Africa, at an enterprise value of EUR 58 million. Sellers will hold 30% of Huhtamaki's South African activities through a joint venture; completion is subject to competition approval.
Refresco acquired AZPACK, a contract manufacturer of bottles and containers for the food and beverage industry headquartered in Tempe, Arizona, on November 14, 2019. Terms were not disclosed.
Bonson Group has bought Queensland-based food packaging company Wong Lee Pty Ltd, its largest distributor in Australia, effective 1 August 2019. Desmond Chaw was appointed General Manager – Operations.
Funds advised by Triton have completed the acquisition of a stake in All4Labels, a Hamburg-based label manufacturer, while minority shareholder Genui Partners sold its shares. The financial terms were not disclosed.
Austrian packaging maker Alpla acquired Spanish HDPE recycling companies Suminco and Replacal, entering HDPE recycling. Alpla has set aside EUR 50 million for its recycling expansion; the deal value was not stated.
SIG Combibloc agreed to acquire Visy Cartons Pty Ltd from Pratt Consolidated Holdings' VisyPak unit for AU$70 million, subject to customary conditions. Visy Cartons produces SIG aseptic cartons under licence in Australia and New Zealand.
Schumacher Packaging Group took over packaging manufacturer Jaffabox Ltd, based in Birmingham, England, on 5 November 2019.
Canadian packaging firm GELPAC acquired WBC Extrusion Products of Haverhill, Massachusetts, a maker of single-use blown polymer films, as announced by advisor Woodbridge International. The deal strengthens GELPAC's North American position.
Sabert Corporation agreed to acquire LBP Manufacturing LLC, a Chicago-based maker of paper-based foodservice packaging with plants in the U.S., Poland and China. Sabert's annual sales will exceed $900 million after the deal.
US private equity firm Arsenal Capital Partners completed its acquisition of Clariant's healthcare packaging business, now rebranded as Airnov Healthcare Packaging, for about CHF308 million. The deal was signed in July 2019 and completed in November 2019.
Nissha's subsidiary AR Metallizing N.V. signed a share purchase agreement to acquire Eurofoil Paper Coating GmbH, a German metallized paper manufacturer, with completion expected toward the end of November 2019 subject to German cartel approval. The announcement was made on 8 November 2019.