Berry Global has agreed to acquire UK packaging firm RPC Group for £5 billion ($6.6 billion) in cash and refinancing, with completion expected in Q3 2019.
Opus Packaging Group affiliate Opus Packaging – Wabash acquired Wabash Container, a corrugated sheet conversion plant in Mount Carmel, Illinois, from its owners the Burton family. Rhoades McKee advised on the deal.
Gault & Frémont, backed by UI Gestion, has acquired paper bag makers Emballages du Dauphiné and Daujas, which serve industrial bakeries and retail. The deal ensures the transfer of the founder's stake to managing director Carmen Pirès.
Smurfit Kappa intends to launch a €90 million cash offer for an additional 15.54% stake in Cartón de Colombia, lifting its holding from 69.94%. The deal is subject to Colombian regulatory approval and is expected to close in the second quarter of 2019.
Liqui-Box acquired the Plastics division of DS Smith on March 6, 2019. Terms of the transaction were not disclosed.
ProAmpac signed a definitive agreement to acquire TC Transcontinental Packaging from TC Transcontinental for US$1.51 billion, with closing expected in the first quarter of 2026.
Smurfit Kappa completed the takeover of Balkanpack, a Bulgarian corrugated board and packaging manufacturer with a plant in Kazanlak, on 1 March 2019. The deal's value was not disclosed.
Berry Global agreed on 8 March 2019 to acquire UK packaging maker RPC Group for £3.2 billion, paying £7.93 per share in cash. The deal remained subject to regulatory and shareholder approvals when reported on 30 June 2019.
Saica Group has signed an agreement to acquire Norm Ambalaj's plant in Sakarya, Turkey, which employs 159 people and adds 75 million square meters of corrugated board capacity. The deal is subject to Turkish antitrust approval.
French packaging group BBA Emballages announced the acquisition of Attis, a Paris-region wholesale distributor of food packaging for restaurants. The deal adds over 1,300 product references and about EUR 10 million in revenue.
Funds advised by Triton and a subsidiary of the Abu Dhabi Investment Authority agreed to acquire 100% of IFCO, the reusable plastic container provider, from Brambles Limited in equal shares. Regulatory approvals are pending.
Multi-Color Corporation, a Cincinnati-based label maker, agreed to be acquired by an affiliate of Platinum Equity for $50.00 per share, in a transaction valued at $2.5 billion including $1.5 billion of debt. The deal was announced on 25 February 2019.
CBS Packaging, based in West Bromwich, bought assets of corrugated packaging firm Charapak from administrators Duff & Phelps for an undisclosed fee. The Derbyshire business had entered administration on 28 January 2019.
Smurfit Kappa acquired Papcart, a French offset printing and consumer cardboard packaging company with two sites in Gétigné and Jarnac, to expand its luxury, wine and spirits, FMCG and bag-in-box portfolio. The deal was reported on 21 February 2019.
The European Commission approved Amcor's $6.8 billion all-stock merger with US flexible packaging maker Bemis, conditional on divesting Bemis's European medical packaging business with three UK and Ireland plants. Closing is expected in the second quarter of 2019.
Spanish search fund Ariol Capital acquired 100% of Italian plastic and metal packaging distributor Pentapackaging in summer 2018, a deal now disclosed. It is financed with own resources and bank debt, and is part of its portfolio company Repli's growth plan.
Greif has completed its all-cash acquisition of Caraustar Industries for $1.8 billion, expecting at least $45 million in cost synergies within 36 months.
Sealed Air has acquired the flexible packaging business of privately held MGM, based in Manila, to expand its printing and lamination capabilities in Asia Pacific. The deal is expected to close in April 2019, and terms were not disclosed.
Nefab Americas has acquired Pacific Coast Packaging, which makes custom wood, foam and corrugated packaging at its Anaheim, California location. The announcement was made on 6 February 2019.
McLaren Packaging has acquired Port Glasgow-based Moelle Interlok Packaging from administration through newly formed Interlok Divisions. The report is dated 5 February 2019.
PPC Flexible Packaging, based in Buffalo Grove, Illinois, announced its acquisition of Pewaukee, Wisconsin-based HFM Packaging, a maker of labels and pouches for cosmetics, personal care and pharma.
Cartonneries de Gondardennes Wardrecques Group (CGW) signed an agreement in February 2019 to acquire all shares of the Lacaux Group, with the final acquisition expected in April 2019. The new group will have turnover of about €200 million and a workforce of about 660.
HCI Equity Partners acquired Express Packaging, a contract packaging and manufacturing provider in Newcomerstown, Ohio, with a subordinated debt and equity investment from Patriot Capital, announced February 2019.
Berry Global Group said it is considering a possible cash offer for RPC Group, challenging Apollo Global's £3.3bn bid. Berry is reportedly conducting due diligence and an offer may not materialise.
Oliver Healthcare Packaging purchased US-based medical packaging firm CleanCut Technologies, including its 70,000 sq ft facility in Anaheim, California and its product portfolio. The deal also covers design, prototyping and contract packaging.
Technical Precision Plastics has merged its operations with IntraPac International, a specialty packaging company owned by Oncap. TPP has facilities in Mebane, North Carolina and Haina, Dominican Republic.
Austria-based Constantia Flexibles has agreed to acquire a major stake in TT-print, a Russian maker of aluminium blister foil and coldform pharmaceutical packaging, for an undisclosed sum. Completion was scheduled for Q1 2019.
Netherlands-based packaging services provider Novio Packaging Group has acquired Flacopac / Deflaco, which makes cosmetic packaging, for an undisclosed sum. The deal expands its cosmetics portfolio and European footprint.
Amcor has pushed the closing of its all-stock $5.25 billion takeover of Bemis back by a quarter to the second quarter of 2019, citing US antitrust approval and SEC review delays caused by the partial government shutdown.
Apollo Global Management agreed to buy RPC Group Plc, a British container and packaging maker, for 782 pence per share in cash, valued at 3.32 billion pounds ($4.3 billion). RPC announced the deal on 23 January 2019.
UK packaging group DS Smith acquired Europac, a Spanish corrugated cardboard packaging company headquartered in Alcobendas, Madrid, on January 22, 2019.
Eastside Distilling has acquired Portland-based mobile canning and bottling provider Craft Canning + Bottling by merger for an aggregate $5.2 million. The business will combine with Eastside's Mother Lode co-packing subsidiary, serving wine and RTD cocktail producers in Oregon, Washington and Colorado.
TriMas, a US engineering products manufacturer, has acquired Plastic Srl of Italy, which makes single-bodied and assembled caps and closures; the deal is expected to yield more than €10 million (about $12 million) in annual revenue and Plastic Srl will be integrated into TriMas's Rieke business.
Emsur, the flexible packaging division of Grupo Lantero, has acquired a majority of Russian shrink sleeve producer Eximpack, which it had partly owned for over two years.
Atlas Holdings, a private investment and equity firm, acquired Saxco International, a UK provider of packaging solutions for the wine, spirits, craft beer and food markets.
LC Packaging acquired a majority stake in Hagens Verpakkingen, a box erection company in Venlo, Netherlands serving the fruit and vegetable market. The Hagens name and existing customer operations are unchanged.
TricorBraun acquired Pacific Bag LLC, one of the largest independent US distributors of flexible packaging. Pacific Bag will be combined with Taipak into a new unit called TricorBraun Flex. Terms were not disclosed.
Atlas Holdings acquired Saxco International, a North American value-added distributor of rigid packaging such as glass, metal and plastic containers, capsules and closures for wine, spirits, craft beer and food markets. Terms were not disclosed.
The China buyout fund CITIC Capital Partners acquired a 33% stake in China Merchants Loscam, a pallet and returnable packaging pooling provider, from Sinotrans. Sinotrans retains a 45% stake. Financial terms were not disclosed.
AR Packaging Group, a Swedish packaging services provider, acquired Istragrafika, a Croatian manufacturer of cartons for tobacco, food and consumer goods, for an undisclosed sum. Istragrafika was integrated on 1 January 2019.
Rivoira and its partners purchased a 50% stake in Zeropack, a newly established Italian packaging firm set up by bioplastics company Bio-on, which will offer bioplastic packaging for fruit and vegetables.
Oliver Printing & Packaging, a Pfingsten portfolio company, acquired DISC Graphics, a manufacturer of folding carton packaging, micro-fluted corrugated boxes and pressure sensitive labels headquartered in Hauppauge, New York. It is the platform's second add-on acquisition.
Fortis Solutions Group, a portfolio company of Main Post Partners, acquired Infinite Packaging Group, a converter of label products previously backed by Svoboda Capital Partners. No financial terms were disclosed.
Private equity firm Graham Partners invested in Nuconic Packaging of Vernon, California, a thermoformed PET food packaging supplier, to build a nationwide packaging platform with Tray-Pak and EasyPak. No financial terms were given.
The Lenvale Group acquired the manufacturing assets of Kes Reclamation and will trade them as Kes Packaging.
Greif agreed to acquire recycled paperboard maker Caraustar Industries from H.I.G. Capital in a cash deal valued at $1.8 billion. Closing is expected in Q1 2019, with at least $45 million of annual cost synergies identified.
Hood Container Corporation has agreed to acquire Custom Packaging LP, a corrugated display and industrial packaging maker with plants in Lebanon, Tennessee and Arden, North Carolina. The deal is expected to close in January 2019.
PT Purinusa Ekapersada, an Asia Pulp & Paper company, and Oji Holdings agreed to a US$35 million joint venture, PT Oji Sinar Mas Packaging, to build a corrugated packaging factory in Bekasi City, West Java, expected online in January 2020 with output of 5,000 tons of cardboard per month.
Ball Corporation agreed to sell its metal beverage packaging facilities in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for about $225 million, plus potential relocation-related consideration. The deal is expected to close in the second half of 2019.
Rohrer Industries, owned by ShoreView Industries, acquired Addison, Illinois-based Transparent Container, a retail packaging maker with more than 400 employees, adding thermoforming capacity. CFI USA acted as sell-side advisor. The announcement was dated 2018-12-13.