Berry Global completed its acquisition of RPC Group Plc for a purchase price of about $6.5 billion, creating a global plastic packaging leader with over 290 locations and about 48,000 employees.
Aurelius Equity Opportunities agreed to sell Solidus Solutions, a European producer of fibre-based packaging, to Centerbridge Partners at an enterprise value of about 330 million euros ($375.6 million), announced on 28 June 2019.
Amcor signed a binding agreement to sell three former Bemis flexible packaging plants in the UK and Ireland to investment firm Kohlberg & Company for US$394 million cash, a divestment required by the European Commission. The plants generate about US$170 million annual sales.
Italian packager AMB has acquired TDX (Europe), a provider of PET, RPET and laminated rigid films, including its product design, prototype and tooling business. The deal expands AMB's European footprint, with the combined group having four sites in Europe and 430 employees.
Italian closure maker Tapì Group announced a significant acquisition of French closure maker Les Bouchages Delage, creating a hub for premium and super premium spirits closures.
Genstar-backed Tekni-Plex acquired three manufacturing facilities from Amcor's flexible packaging business in Madison and Milwaukee, Wisconsin, and Ashland, Massachusetts. No financial terms were disclosed.
Belgian private equity firm Cobepa bought a majority stake in Enoplastic, which makes capsules and caps for bottles in the Varese province of Italy, from the Macchi and Moglia families. Michele Moglia and Samo Kalin will continue to manage the company.
Can-One Bhd signed a sale and purchase agreement to sell F&B Nutrition Sdn Bhd to Wholesome Dairies Pte Ltd for between RM800 million and RM1 billion. Proceeds will pay down about RM750 million of bank borrowings used to privatise Kian Joo Can Factory.
Zume Inc. purchased Pivot Packaging, a maker of plant-based alternatives to plastic packaging, and plans to open new production in California. The deal was reported on 14 June 2019.
France's Autorité de la concurrence cleared International Paper to acquire DS Smith Packaging Normandie's two plants in Torigni-sur-Vire and Cabourg, Normandy, as a remedy for DS Smith's acquisition of Europac.
Amcor has completed its acquisition of Bemis Company Inc., effective June 11, 2019, and now operates as Amcor Plc. The combined company is a consumer packaging group with about 250 locations in more than 40 countries.
Triton and Abu Dhabi Investment Authority completed the acquisition of reusable packaging provider IFCO Systems on May 31, 2019, at an enterprise value of US$2.51 billion, ending Brambles' ownership.
India's Competition Commission approved Epsilon Bidco's acquisition of up to 75% of packaging maker Essel Propack Limited by order dated 3 June 2019.
LBP Manufacturing, LLC acquired Yeadon-based Union Packaging, a folding carton producer for quick service restaurant brands, from founder Michael Pearson. Financial terms were not disclosed.
New-Indy JV Corp., a joint venture of the Kraft Group and Schwarz Partners, agreed to acquire Carolina Container Company, a corrugated packaging maker headquartered in High Point, North Carolina, including its CaroCon Display and Packaging division. The expected closing date was the end of January 2015.
Sonoco signed an agreement to acquire Corenso Holdings America from Madison Dearborn Partners for about $110 million in cash. Corenso operates two Wisconsin Rapids facilities making paperboard cores and recycled board, and the deal is expected to close later in 2019.
Novolex and Pactiv Evergreen have signed a definitive agreement to combine into a leading food, beverage and specialty packaging manufacturer. Pactiv Evergreen shareholders will receive $18.00 per share in cash.
Welch Packaging, a Midwest family-owned packaging business, has acquired Heritage Packaging, a corrugated packaging supplier in Lincoln, Illinois. Terms were not disclosed and the deal extends Welch's service area into central Illinois.
Amcor and Berry Global filed the definitive joint proxy statement for their all-stock transaction with the SEC, with shareholder meetings set for 25 February 2025.
COFCO Packaging's subsidiary agreed to buy a 23% stake in Wuxi Huapeng Bottle Cap from Crown Asia Pacific for RMB 53.3987 million, raising its holding to about 84.48%.
Spicers Paper, a division of Central National Gottesman, acquired Premiere Packaging Industries, a packaging supply distributor based in Cerritos, California. PPI will keep operating under its own name.
Packaging Corporation of America agreed to purchase Greif's containerboard business for $1.8 billion in cash, including two US mills with about 800,000 tons of capacity and eight corrugated plants, with closing expected by the end of PCA's third quarter.
New-Indy Containerboard, a joint venture of Schwarz Partners and Kraft Group, acquired Proactive Packaging and Display, a corrugated display packaging maker in Ontario, California, on 9 May 2019. Mesirow Financial advised the seller and no financial terms were disclosed.
Ian and Cheryl Bernstein bought Trenton Corrugated Products, a corrugated box maker in Trenton, New Jersey, from its founders. A $2.5 million M&T Bank loan with NJEDA participation financed the purchase of the 160,000-square-foot building, and the company expects to hire 10 employees.
New-Indy JV Corp. acquired Proactive Packaging and Display, a corrugated packaging and display producer in Ontario, California, closing the deal on May 1, 2019. Financial terms were not disclosed.
Sealed Air signed a definitive agreement to acquire US-based automated bagging systems maker Automated Packaging Systems for a total consideration of $510 million on a cash and debt-free basis. The deal is subject to regulatory approval.
Cenveo Worldwide sold its long-run labels and receipt paper assets to Iconex LLC, a portfolio company of Atlas Holdings, including plants in Joplin, MO, Jefferson City, TN and Vernon, CA. Financial terms were not disclosed, announced April 30, 2019.
JBT Corporation signed a definitive agreement to acquire Proseal uk Limited, a tray sealing technology provider headquartered in Adlington, UK, for £220 million before adjustments, with closing expected in Q2 2019.
Austria's Prinzhorn Group has signed an agreement to buy a 50% stake in Russian paper and corrugated packaging maker SFT Group, which will become a joint venture. The deal is subject to regulatory approval and its value was not disclosed.
Epsilon Bidco, an affiliate of Blackstone funds, agreed via a share purchase agreement and mandatory open offer to acquire up to 75% of Essel Propack Limited, signed April 22, 2019 and approved by India's CCI on June 3, 2019.
Blackstone agreed to buy a 51% stake in Essel Propack, an Indian laminated tubes and specialty packaging maker, from Ashok Goel Trust for up to $460 million, with a mandatory open offer for a further 26%.
Amcor entered a binding agreement to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash as part of remedies for its Bemis transaction, with completion expected on 15 May 2019.
Amcor agreed a binding deal to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash to resolve US DOJ concerns over its Bemis merger.
Genstar-backed Pretium Packaging acquired Olcott Plastics of St. Charles, Illinois, a maker of injection-molded beauty and healthcare packaging. It is Pretium's sixth add-on acquisition since Genstar's 2014 investment.
French corrugated packaging manufacturer Cartonneries de Gondardennes (CGW) signed an agreement to take over competitor Lacaux Frères, an integrated producer of corrugated board and packaging. The transaction is expected to complete in April 2019.
Eastman Kodak closed the sale of its flexographic packaging division to Montagu Private Equity, which now operates as standalone company Miraclon. Kodak receives about $320 million in proceeds; the deal was first announced in November 2018.
C&P and parent U.S. Corrugated Holdings entered a strategic alliance with Bio Pappel, giving C&P operational control of Bio Pappel's Mexicali super plant, effective April 5, 2019. Investments continue with a new Latitude Jumbo folder-gluer and a Barberan digital press.
Berlin Packaging announced the acquisition of Verrerie Calvet, a glass and container packaging supplier in Aimargues, France. Verrerie Calvet will be integrated into Bruni Glass. Financial terms were not disclosed.
BillerudKorsnäs and ALPLA announced they will form a joint venture in Danish paper bottle company ecoXpac, with equal ownership. The transaction is expected to complete in Q3 2019, subject to regulatory approvals.
Owens-Illinois agreed to acquire Nueva Fanal, a glass container plant near Mexico City, from Grupo Modelo for about $188 million in cash. The plant produces roughly 300,000 tons of glass containers a year, and the deal is expected to close during 2019.
ALPLA and BillerudKorsnäs announced a joint venture in Danish paper bottle company ecoXpac, with equal ownership alongside a minority stake held by the founder family. The venture aims to commercialise a fully biobased, recyclable paper bottle.
BillerudKorsnäs and ALPLA announced a joint venture in Danish paper bottle company ecoXpac, with each to own equal shares alongside a minority stake held by the founder family. The venture aims to commercialise a fully biobased, recyclable paper bottle.
Cartonneries de Gondardennes Wardrecques Group (CGW) signed an agreement with the shareholders of Groupe Lacaux to acquire it, with completion expected in April 2019. The combined group will have turnover of about €200 million and around 660 employees.
Amcor and Bemis reported further progress toward completing their all-stock transaction, with shareholder documentation filed and Board appointments finalised. The combination is expected to deliver $180 million in pre-tax annual net cost synergies.
Altium Packaging Canada, a subsidiary of Consolidated Container Company, acquired Plastique Micron Inc. and affiliates IMBC Blowmolding 2014 and Action Plastic Products for an undisclosed amount. Plastique Micron has three plants in Ontario and Quebec and about 200 employees.
Mill Point Capital portfolio company Huntington Solutions agreed to acquire the assets of Virginia-based RADVA Corporation, a maker of packaging for medical, pharmaceutical and food industries. No financial terms were disclosed.
Cosmetic packaging group Texen took over the flexible packaging business of plastic packaging maker PRP Creation of Oyonnax, France, in February 2022.
Greer, S.C.-based Huntington Foam LLC will acquire the assets of Radford, Va.-based Radva Corp, a supplier of expanded polystyrene and polypropylene protective packaging and an EPS recycler.
Germany's Klingele Group has acquired 50% of UK sheet-feeder Onboard Corrugated Limited and Onboard Investments Limited, which will become subsidiaries of the newly formed Klingele Onboard (Holdings) Limited.
Altium Packaging Canada, part of CCC, has acquired Plastique Micron, a plastic packaging business. The article gives no deal value or location.