The expiration of the US Hart-Scott-Rodino waiting period cleared a major regulatory hurdle for International Paper's all-equity acquisition of DS Smith. The deal, valued at about $7.22bn, is still subject to European Commission clearance and a court sanction, and is expected to close in Q4 2024.
Houston-based analytics provider Datagration won a contract with D6, a packaging manufacturer, to use its EcoVisor ESG and Sustainability Performance Management platform. The announcement was made on June 25, 2024.
Sharjah Agricultural and Livestock Production (EKTFA) awarded Tetra Pak a contract to install a Tetra Top packaging line at the Mleiha Dairy Factory in Sharjah, UAE. The agreement was signed during a visit to Tetra Pak's facility in Lund, Sweden, reported on June 25, 2024.
TOPPAN Holdings and Toyo Seikan signed a letter of intent to form a joint venture in Sweden to manufacture packaging for automotive lithium-ion batteries, with Toyo Seikan holding 51% and TOPPAN 49%. Operations are expected to start in 2026 or later, with about Y11 billion ($68.6 million) planned investment.
Sonoco Products agreed to acquire Eviosys, Europe's leading food can, ends and closures maker, from KPS Capital Partners for approximately $3.9 billion. The deal is expected to create the leading metal food can and aerosol packaging manufacturer globally.
LMI Packaging announced a 50,000-square-foot addition to its Pleasant Prairie, Wisconsin building, bringing its manufacturing footprint to just over 120,000 square feet to support warehousing, manufacturing and machine capacity.
TOPPAN Holdings and Toyo Seikan will sign a letter of intent to set up a joint venture in Sweden making lithium-ion battery packaging for automakers, with Toyo Seikan holding 51% and a planned total investment of about 11 billion yen.
Mespack and Fuji Seal signed a collaboration agreement to integrate Fuji Seal's pre-made spouted pouches with Mespack's HF Series filling machines and sell them as an all-inclusive package across European and American markets.
DS Smith agreed a supplier deal with Swedish company Jonsac to source 100% fibre-based paper bags for e-commerce customers across its European markets. The deal extends an existing Nordics arrangement.
Milkfed (Verka) of Punjab awarded the C.Boxes for Aseptic Packaging tender to Archana Printing and Packaging, with an estimated value of INR 3 crore and a 180-day work period. The result lists a contract date of 9 August 2024.
US corrugated and folding carton maker McLean Packaging purchased a Scodix Ultra 6500 SHD digital enhancement press from Scodix, confirmed at drupa. McLean has three production facilities and over 200 employees.
On June 19, 2024 Mondi announced completion of its EUR 125 million investment in the Kuopio containerboard mill in Finland, upgrading the wood yard, fibre line, evaporation plant and paper machine to add 55,000 tonnes per year of ProVantage Powerflute fluting capacity.
On June 19, 2024 the 2M Group of Companies signed its first commercial agreement to exclusively supply Xampla's plastic-free Morro Coating to Huhtamaki for corrugate board foodservice containers, in a multi-year deal deployed at scale in on-the-go applications.
Packaging manufacturer Berkley announced the acquisition of family-owned corrugated sheet plant Sisco Corporation, based in Nashville, Illinois, to expand its in-house corrugated manufacturing.
BillerudKorsnas is expanding its Gruvon paper mill in Grums with a new board machine of 550,000 tonnes annual capacity and rebuilding of the existing pulp mill, in its largest investment ever at SEK 5.7 billion.
ORAB Entreprenad won a contract to deliver pipe installations for BillerudKorsnas' Gruvon mill expansion in Grums, with an order value of about 40 million, starting January 2018.
WestRock stockholders voted to approve the transaction agreement for a combination with Smurfit Kappa, creating Smurfit WestRock. Completion remains subject to conditions, and stockholders would receive one new share plus $5.00 in cash per WestRock share.
Post Office Limited awarded Kite Packaging Limited a contract to supply strapping consumables for note strapping machines and stretch wrap film for its National Distribution Centre, with a published value of £50,000.
Smurfit Kappa Navarra was awarded a public supply contract by Compañía Española de Tabaco en Rama (CETARSA) for 50,000 C48 cardboard boxes for tobacco packaging, at €664,500 excluding VAT in Cáceres.
SIG Combibloc built an aseptic carton packaging plant in Queretaro, Mexico, with a €73 million investment, creating more than 200 jobs; operations began in April 2023.
Yorkshire Packaging Systems supplied a Mimi Uniblock 1123 sleeve wrapper that doubled packing capacity at a large UK corrugated board plant, and five more machines were later bought for the group's other UK sites.
DS Smith has invested over €50 million in its packaging facilities in Portugal over the last three years, including corrugating machines for Porto and Leiria and solar panels at Esmoriz, Leiria and Lisbon.
Indopoly Swakarsa Industry allocated about US$100 million for a capacity expansion of BOPP and BOPET films. It will add two BOPP machines in Purwakarta, Indonesia and Suzhou, China, raising annual capacity from 100,000 to 165,000 tons, and two metalizing machines, targeted to be operational by end-2024.
Fanti Packaging of Bologna acquired a 60% stake in Ocm Imballaggi of Gruaro, Italy, which makes jars for Illycaffè. The founding D'Agnolo family keeps 30%, and Illycaffè raised its stake to 2%. All 220 employees were retained.
Kraus-Anderson Construction completed an 89,856-square-foot expansion of Menasha Packaging's facility in Pelahatchie Industrial Park, Mississippi. Menasha, which invested $79 million in the project, will add 21 jobs to its 95 existing employees.
Saccheria F.lli Franceschetti won the second lot of a Poste Italiane tender to supply waterproof sacks for MPKS parcels. The 24-month framework agreement is worth about EUR 0.5 million.
Tetra Pak opened its aseptic packaging material plant in Chakan, Maharashtra, India, in May 2013 after construction began in February 2011. The project cost about EUR 120 million and the plant has annual capacity of more than 16 billion carton packages.
SupplyOne, a Wellspring Capital portfolio company, has acquired Columbia Corrugated Box Co., which operates in Oregon, Washington and Northern California. Footprint Capital acted as exclusive sell-side advisor. The deal was announced June 2024.
Ourjin (002701.SZ) plans a voluntary conditional cash general offer at HK$7.21 per share to acquire all issued shares of COFCO Packaging (00906), with total consideration capped at HK$6.066 billion (about RMB 5.524 billion). The offer is backed by an irrevocable commitment from shareholder Zhang Wei holding about 22% of the target.
Aquila Września, part of VPK Group, is expanding its factory in Września, Poland, with a new production hall of nearly 13,000 sqm and a new corrugator that can produce up to 20 million m2 of corrugated board per month.
Packaging supplier Invopak opened its first manufacturing plant in Hyde, Manchester, making tinplate containers such as UN-approved cans and lever lid tins. The EUR 5 million investment was made in response to post-Brexit supply chain issues.
Walki completed an investment of more than EUR 6 million in a new production line called The Bridge at its Steinfurt plant in Germany, to make recyclable fibre-based barrier board and flexible packaging.
CANPACK S.A. plans to absorb its direct shareholder Giorgi International Holdings S.A. R.L. of Luxembourg by the end of 2024. After the merger, CANPACK Group Inc. of the United States will become a direct shareholder of CANPACK S.A.
Shijiazhuang Zhonghui Pharmaceutical Packaging was named winning bidder for a food-grade high-density polyethylene bottle project of Shandong Furuida Pharmaceutical Group. The tender notice was published on 5 June 2024.
Refresco is partnering with Südpack to deliver 100 million ReZorce cartons annually. Südpack will contribute its functional film to the carton concept.
Refresco signed a joint development agreement with Zotefoams to develop ReZorce, a monomaterial barrier packaging substrate for beverage cartons. The partnership aims to trial the cartons at a major European retailer.
Smurfit Kappa signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant in Shumen, Bulgaria, that makes bags, films and caps for food and beverage packaging. The deal expands its presence in Eastern Europe.
Welch Packaging, a custom corrugated products manufacturer, acquired Michcor Container Inc., a corrugated box manufacturer in Grand Rapids, Michigan, founded in 1981. Specific terms were not disclosed. The announcement was made on 2024-06-03.
Sonoco agreed to purchase metal packaging maker Eviosys from KPS Capital Partners for $3.9 billion, creating a leading global metal food can and aerosol packaging business. Eviosys is expected to generate about $2.5 billion in 2024 revenue.
Delmarva Corrugated Packaging held the grand opening of its 465,000-square-foot plant in Dover, Delaware, a $91 million investment that created 160 jobs. The plant has been operating since 2021 and is served by the Delmarva Central Railroad.
Green Bay Packaging Inc. has acquired SMC Packaging Group of Springfield, Missouri, a corrugated packaging company with plants in Missouri, Arkansas and Oklahoma. The transaction closed May 31, 2024 and was announced June 6, 2024.
Greif is nearing completion of a new bulk corrugated manufacturing facility in Dallas, Texas, making triple wall sheets and jumbo boxes, expected to be operational in spring 2024.
EFP, LLC held a grand opening for its sixth location, a protective packaging and cold chain plant in the Lee County Industrial Park in Bishopville, South Carolina. The $15 million investment is expected to create over 30 jobs.
Mitsubishi agreed a sales contract with Klingele Paper & Packaging Group for a four colour EVOL 100 flexo folder gluer with an MPF-M pre-feeder. The machine will be commissioned at Klingele's corrugated box plant in Werne, Germany, with delivery scheduled for summer 2025.
Hubergroup has formed a strategic partnership with Manroland Goss web systems to drive innovation in sustainable packaging by combining their expertise.
Dutch cup and takeaway packaging producers CUPSZ and De Jong Ecocups merged under the CUPSZ brand with investment from Detmold Ventures, an affiliate of the Detmold Group.
Zotefoams has signed a contract with German packaging manufacturer Südpack Verpackungen, which will supply up to 100 million ReZorce beverage cartons annually to scale the innovation.
Refresco is trialling Zotefoams' ReZorce mono-material barrier beverage carton with an unnamed major European retailer, converting a machine for traditional cartons to run the new material. Zotefoams says the carton is fully recyclable and cuts energy and water use by half versus liquid packaging board.
SPG, backed by Altamont Capital, has acquired Clark Foam, a packaging firm. SPG is a provider of protective packaging products. Deal value was not disclosed.
Crescento Packaging, a maker of disposable cups, plates and cardboard boxes for the HORECA sector, has invested over €7.6 million in a new 4,000 sq m factory in the Miroslava Industrial Park near Iași, which was inaugurated in 2023.