Ardagh Group completed the merger of its Food & Speciality can business with Exal Corporation to create Trivium Packaging, jointly controlled by Ardagh and the Ontario Teachers' Pension Plan Board. The deal was completed on 31 October 2019.
Ardagh completed the combination of its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, holding about 43% and receiving $2.5 billion in cash.
Italian paper maker Fedrigoni has agreed to acquire self-adhesive products maker Ritrama for nearly 300 million euros, according to a source close to the matter.
ProMach acquired Jet Label & Packaging, a Edmonton-based label maker with seven offices across Western Canada, to expand its labeling and coding capabilities. The announcement was made on 30 October 2019 and no value was disclosed.
Hanil Can acquired 100% of the issued shares of Samkwang Can on 29 October 2019, a spin-off of Samkwang Glass's can business sold for 51 billion KRW; the Fair Trade Commission approved the deal in May 2020.
Berlin Packaging agreed to acquire Netherlands-based Novio Packaging Group, which has about 160 employees and operations across northern Europe, adding plastic and glass packaging capacity. The deal was announced on 29 October 2019 and the value was not disclosed.
Thimm Packaging Systems, part of Thimm Group, is taking over ISL Group's two German sites in Viernheim and Serba, which employ about 250 people and generated €25m revenue in 2018. The deal awaits Federal Cartel Office approval, and the price was not disclosed.
Inovar Packaging Group has completed its acquisition of Flexo-Graphics, a label and flexible packaging maker in Butler, Wisconsin, in partnership with management. It is Inovar's first Midwest platform company.
Cerberus Capital Management affiliate has agreed to buy the North American, Costa Rican and Japanese businesses of Closure Systems International from Reynolds Group. The deal is expected to close within two quarters and the value was not disclosed.
Irish packaging firm Zeus announced its €12 million acquisition of two UK companies, paper and polythene distributor Smith Bateson and food services packaging business Van Der Windt. The combined turnover of the two is €39.5 million.
Private investment firm Graham Partners acquired VPET Plastics, a PET packaging producer headquartered in Fontana, California, announced to customers on October 2, 2019.
TOP Packaging, a THIMM and Saica joint venture, took over United Packaging SA, a corrugated cardboard packaging works near Wroclaw in Skarbimierz, Poland, effective October 1, 2019.
Winpak Ltd. signed a definitive agreement to acquire the net assets and building of Control Group in Norwood, New Jersey, for US$42.2 million, funded from cash on hand.
Novolex, a Carlyle portfolio company, acquired Zenith Specialty Bag, a specialty paper food packaging producer headquartered in City of Industry, California, effective October 1, 2019.
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.
Berlin Packaging announced the acquisition of Vetroservice srl, a packaging supplier of glass containers and closures serving the food and olive oil sector in central Italy. It is Berlin's third acquisition in 2019.
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.
Swedish packaging company Avisera has acquired the bankruptcy estate of Aare Grafiska Produktion. The announcement was published on 19 September 2019.
South Korean clothing maker Sae-A Trading was chosen as preferred bidder to buy a 71% stake in Tailim Packaging and 100% of Tailim Paper from IMM Private Equity, with the price estimated at over 750 billion won. A final deal was expected to be signed the following month.
San Miguel Corp's board approved merging San Miguel Yamamura Asia Corp and San Miguel Yamamura Packaging Corp, with SMYPC as the surviving entity, consolidating its packaging business. The disclosure was made on September 13, 2019.
Ardagh Group sold a 57% stake in its Food & Specialty business to Ontario Teachers' Pension Plan, which merged it with Exal into Trivium Packaging. The Food & Specialty part was sold for USD 2.5 billion, and Ardagh keeps a 43% stake in Trivium.
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.
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.
AURELIUS Equity Opportunities completed the sale of its subsidiary Solidus Solutions, a European maker of solid board packaging from recycled paper, to funds advised by Centerbridge Partners at an enterprise value of about EUR 330 million on 5 September 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.
Under an agreement signed 2 September 2019, FLO SpA took control of ISAP-Packaging, a Verona maker of disposable tableware and food packaging, and F Bender, a Welsh maker of paper tableware, as part of a reorganization with DOpla SpA.
Under an agreement signed 2 September 2019, DOpla SpA took control of Eurovending Group, including Spanish tableware makers Nupik and Sky Paper, and Art Plast, a Polish distributor, as part of a reorganization with FLO SpA.
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 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.
PLZ Aeroscience Corporation, backed by Pritzker Private Capital, acquired Fall River, Massachusetts-based Precise Packaging, a maker of aerosol and liquid products, from Trive Capital. No financial terms were disclosed.
Ball has agreed to sell its tinplate steel aerosol packaging facilities in Garin and San Luis, Argentina, to Envases del Plata. The transaction is expected to be completed later in 2019.
Funds advised by Triton agreed to acquire a stake in All4Labels, a Hamburg-based label manufacturer, with the minority shareholder Genui Partners selling its shares. Financial terms were not disclosed.
Rengo announced that its subsidiary Tri-Wall Limited will acquire Germany-based TRICOR Packaging and Logistics AG, a heavy-duty corrugated packaging producer. Completion was expected before the end of August 2019.
Schur International takes over Emballagegruppen A/S, a carton packaging and label maker with two sites in Vejle, from Maj Invest Equity, effective 14 August 2019. Emballagegruppen has about DKK 180m turnover and 130 employees.
TOP Packaging, a joint venture of Thimm Group and Saica, is taking over United Packaging SA's plant in Skarbimierz near Wroclaw, Poland, pending approval by the Polish cartel office. The plant has over 100 employees.
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.
Albea acquired Innovative Beauty Group, a full-service beauty packaging and turnkey solutions provider with a presence in China and Europe. MP Corporate Finance was exclusive M&A advisor to the shareholders and founders.
Nine Dragons Paper announced it will acquire equity in nine Hong Kong and mainland China packaging companies from their owners for about RMB 628 million, plus a 40% stake in a corrugated packaging joint venture. The deal is aimed at integrating upstream and downstream packaging operations.
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.
Sidel announced on July 18, 2019 that it acquired Cognac Moules Emballages Plastiques (COMEP), a French producer of PET bottle moulds based in Salles-d'Angles with around 60 employees and over 4,000 moulds produced per year. COMEP will operate as a separate sales channel for moulds and tooling.
Rand-Whitney Container LLC acquired Specialty Finance & Consulting Corporation (SF&C) of Red Lion, Pennsylvania, a corrugated sheet and packaging manufacturer, including its Specialty Industries, NuPak Printing and Krafcor Industries units. The deal expands Rand-Whitney into the Mid-Atlantic region.
Standard-Knapp shareholders agreed to sell the Portland, Connecticut packaging machinery maker to EoL Packaging Experts, which includes Germany's A+F Automation. The merger creates an end-of-line packaging leader in America and Europe.
Ardagh Group agreed to combine its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, a metal packaging company with 57 facilities and about 7,800 employees, headquartered in the Netherlands. Ardagh will hold 43% and receive about $2.5 billion in cash, with completion expected later in 2019.
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.
Pusterla 1880 Group agreed to acquire Cavalieri & Amoretti and its subsidiaries, adding luxury round-box secondary packaging capacity. Founder Gianluca Cavalieri keeps a minority stake. The deal value was not disclosed.
Envases Universales Group, through its Danish subsidiary Glud & Marstrand, acquired 100% of pack2pack from private equity firm Gilde Equity Management in a competitive auction. Alantra advised Envases Universales on the deal.
O-I completed its acquisition of Nueva Fabrica Nacional de Vidrio (Nueva Fanal) from Grupo Modelo for about US$188 million. The plant near Mexico City has four furnaces producing about 300,000 tons of glass containers a year.
Print finishing equipment makers AB Graphic International and Kocher+Beck have jointly acquired Spanish labeling and packaging equipment maker Enprom Packaging. The deal was announced July 1, 2019, and no value was given.
Mexican paper maker Biopappel, through its US subsidiary McKinley Paper Company, acquired 55 percent of US Corrugated Inc and subsidiaries. The amount was not disclosed, and the deal doubles Biopappel's US operations.