Grupa Kety's supervisory board approved a PLN 110 million investment for a second BOPP film production line at Alupol Films' plant in Oswiecim, Poland, to be built 2017-2019.
Integrated Packaging Group agreed a merger with Pro-Pac Packaging in a share sale deal valued at $177.5 million, creating a flexible packaging leader across Australia and New Zealand. Shareholder vote is expected end of October with tentative completion November 6, 2017.
RPC Tedeco-Gizeh extended its contract as a preferred supplier to NIVO Group, a UK buying group, to produce plastic vending cups for its members throughout the UK.
Owens Corning will invest $50 million to rebuild a glass melter and expand production capacity by 25% at its Chambéry, France, composites plant, with the melter expected to be operational by mid-2018.
Bayer sold a further 6.9 percent of Covestro shares for EUR 1 billion, reducing its direct stake to 24.6 percent and ending control via a control termination agreement effective September 30, 2017.
Polinas, a Yildiz Holding film manufacturer, acquired Propak, a Turkish converter of flexible packaging for snacks, confectionery and nuts, with MP Corporate Finance advising the sellers. The deal's value was not disclosed.
Cooper Standard celebrated the grand opening of its dedicated Industrial Specialty Group facility in Sherbrooke, Quebec, which consolidates three existing ISG sites. The $10 million investment supports non-automotive EPDM rubber sealing products.
TekPackaging, a unit of ESCO Technologies, was awarded an exclusive production contract for Thermoscan ear thermometer probe covers for worldwide distribution. The five-year contract is worth about $40 to $50 million, with an initial order of $11.7 million; the article is undated in its year and appears to be from 2009.
Novus Holdings agreed to acquire control of ITB Manufacturing, a South African maker of flexible packaging and security bags, through its subsidiary Paarl Media. Purchase consideration is R180 million plus an EBIT-based amount, capped at R300 million in aggregate.
Sealed Air agreed to acquire a 100% stake in Fagerdala Singapore, formerly Inducel Industrial Foams, for approximately 100 million dollars. Fagerdala makes polyethylene foam.
Bemis agreed to acquire the subsidiaries Evadix Labels and Evadix MPI from Belgium-based Evadix for 3.3 million euros, including about 0.84 million euros of debt repayments. Both businesses are based in Romania and make polyethylene films and flexible packaging.
MSD Partners LP agreed to acquire Ring Container Technologies, a blow molder of HDPE and PET plastic bottles based in Oakland, Tennessee. No financial terms were disclosed, and ownership transfer is expected in Q4 2017.
Speculation reports that Amcor could make a takeover bid for US packaging converter Bemis valued at about USD 5.3 billion; Amcor has acknowledged the speculation without confirming it.
Sydney-based Pro-Pac Packaging agreed a share sale to merge with Integrated Packaging Group in a A$177.5 million deal, creating a flexible and industrial packaging business, with completion proposed for 6 November after a shareholder vote.
Constantia Flexibles has invested around EUR 6 million in new technology to make film-based flexible packaging at its Weiden site in Germany.
Polish cosmetic packaging maker Politech has bought a plot in the Bydgoszcz Industrial and Technology Park and plans to build a plant of at least 5,000 square metres to automate production.
Coveris has bought two Hosokawa Alpine coextrusion lines from Gelpack Excelsior.
Innovative Plastics Inc. has added floor space and equipment at its Madison, Alabama plant to meet increased production demand. The article is dated August 29, 2017.
Amcor Rigid Plastics is closing its Batavia, Illinois plastic bottle factory, eliminating 110 jobs, with a rolling shutdown from September 2017 until March 2018 and equipment to be sold.
Amcor Rigid Plastics expanded extrusion blow molded PP and HDPE bottle capacity at plants in Batavia, Illinois, Fort Worth, Texas, and Brampton, Ontario, creating 30 jobs in a multi-million-dollar expansion.
Bischof + Klein is adding production capacity for flexible packaging and technical films in 2017, including two new blown film lines and an extrusion coating line at its Lengerich main plant, plus a new hall with converting lines at Konzell.
Pritzker Group portfolio company ProAmpac has acquired Clondalkin Flexible Packaging Orlando, a maker of lidding foils and films, from Clondalkin Group. No financial terms were disclosed.
Yiyang Rubber & Plastics Machinery Group (YRPM) and Fraunhofer IPA started a strategic cooperation to build a digital manufacturing base for smart rubber & plastics machinery east of Yiyang, China. The project has a total investment of RMB 500 million (€62 million).
Dart Container Corporation plans a $40 million expansion that enlarges its Mason, Michigan manufacturing facility from 215,000 to 330,000 square feet and adds a new 250,000 square foot technical and innovation center in Alaiedon Township.
Axium Plastics, a container, cap and closure maker headquartered in Columbus, Ohio, is investing US$25 million in a new plant in Jefferson City, Missouri, creating at least 70 jobs. The company will occupy an existing 50,000-square-foot building and add 75,000 square feet.
Aegg Creative Packaging is investing GBP 1 million in a new 60,000 sq ft manufacturing facility in the UK to make injection moulded food packaging. The site is planned to expand to 140,000 sq ft in a second phase, with production expected to start before the end of 2017.
Sealed Air Corporation announced on August 2, 2017 its acquisition of Deltaplam Embalagens, a family-owned Brazilian flexible packaging manufacturer headquartered in Londrina, Parana. Terms were not disclosed.
SiO2 Medical Products agreed with Sanaria to develop, manufacture and supply cryogenic vials for Sanaria's PfSPZ malaria vaccine. The agreement was announced on 1 August 2017 from Auburn, Alabama.
Hollar & Greene has entered a partnership with Tosca to lease reusable plastic containers for delivering cabbages from farms to its retail stores. The deal covers Tosca's 6425 and 6428 RPCs.
PureCycle, licensed Procter & Gamble's polypropylene recycling technology, began a $120 million facility in Ohio on July 20, 2017, with a feedstock evaluation unit planned for January 2018 and a full-scale plant in 2020.
Uponor North America has signed an agreement to buy a 237,000 sq ft manufacturing facility in Hutchinson, Minnesota, from Hutchinson Technology/TDK for $6.35 million to make PEX pipe. Operations are expected by early 2019.
Sandusky-area Encore Plastics has won a contract to supply Walmart with plastic paint trays, moving production from China to the United States. The article is dated 2017-07-20.
Treofan is investing USD 45 million in a new 5-layer, 10.4m BOPP orientation line at its Zacapu, Mexico plant, due to start in Q4 2018. The line yields a net capacity increase of about 30,000 tons per year, or 50% of current capacity, as an old 1992 line is mothballed.
Plastics supplier ActionPlas has invested over GBP 1 million in new premises, staff and machinery to support its growth plans.
ActionPlas, a Leeds-based plastics supplier, invested over £1 million in new machinery, a warehouse expansion of 4,000 sqm to 7,600 sqm, and staff. The investment includes two Haas milling centres and new CNC routing equipment.
Ningbo Shuangma Machinery Industry Co. Ltd., maker of Bole injection molding machines, opened a leased factory in Ahmedabad, India in June 2017 under subsidiary Shuangma Machinery India Pvt. Ltd., with plans to invest $100 million over four years and build its own factory in Gujarat.
Covestro started operations at a new coextrusion plant for high-quality multilayered flat films at its Dormagen site in Germany. The investment is around EUR 20 million and creates 15 new jobs.
Vanden Recycling has opened a new plastics processing facility in Whittlesey, Cambridgeshire.
RPC Promens Consumer Kolding won a contract to supply custom-designed injection stretch blow-moulded PET bottles for Scandic Food's dressings and sauces, in 250ml, 350ml and 400ml sizes.
Klöckner Pentaplast completed its acquisition of LINPAC Senior Holdings and its subsidiaries, a European food packaging film producer, creating a film group with annual revenues above $2 billion.
Progressio Investimenti II Fund acquired a 70% stake in Garda Plast, an Italian producer of PET preforms, from the Tonoli family, which retains 30%.
Uponor North America held a grand opening for a 237,000-square-foot PEX tubing plant in Hutchinson, Minnesota, completed six months ahead of schedule. The $6.35 million investment was first announced in July 2017 and added more than 40 jobs.
German BOPP film maker Treofan Group announced in July 2017 a $45 million new manufacturing line at its Zacapu, Michoacan plant, adding 30,000 tonnes a year of capacity, with completion expected in Q4 2018.
Proto Labs is buying six Arburg golden edition and 'S' machines and placing a large order of new machining centres as part of its European growth strategy.
Plastic packaging company ALPLA is set to acquire Propack, an Italian producer of HDPE and PET bottles, to strengthen production capacity in north-east Italy; completion expected in July.
Plastipak Packaging announced a $15 million capital investment to add up to seven production lines at its Pineville, Louisiana facility, creating 10 direct jobs and retaining 263 existing jobs.
Trinseo signed a definitive agreement to acquire API Applicazioni Plastiche Industriali, a company in the plastics sector.
Sonoco agreed to buy 100 percent of Clear Lam Packaging, a family-held maker of high barrier flexible and forming plastic films, for about $170 million in cash. Clear Lam operates in Elk Grove Village, Illinois and Nanjing, China, and closing is expected in Q3 2017.
Treofan invested $45 million in a new biaxially oriented polypropylene film line at its Zacapu, Mexico plant, adding about 30,000 tons per year of capacity, with operation due in Q4 2018. Brückner Group will supply the line.
Kanodia Technoplast, a gravure printing and flexible packaging company, plans a fifth manufacturing facility at Kundli, India by the third quarter of fiscal 2017-18.