Xenon acquired 100% of Mectra and Emmeti in Montecchio Emilia and Sipac and Logik in Fontevivo, creating Ems Group, a packaging line maker with EUR 130 million turnover and 290 employees. The deal was reported on 2018-12-13.
Special purpose acquisition company One Madison Corporation signed a definitive agreement with Rhone Capital affiliates to combine with Ranpak, a fiber-based protective packaging maker, at an anticipated enterprise value of about $1,089 million. The announcement was dated 2018-12-13.
Cascades Inc. acquired assets of Urban Forest Products in Brook, Indiana and Clarion Packaging in Clarion, Iowa, plus a majority stake in Falcon Packaging, for US$37.4 million, doubling its molded pulp packaging capacity. The transaction took effect on December 6, 2018.
RPC Group announced the acquisition of Nordfolien GmbH for €75 million, adding polythene film production with sites in Germany and Poland to its bpi flexibles business. Completion is subject to German and Polish competition clearance.
RPC Group plc ended merger talks with Bain Capital and gave Apollo Global Management more time to make a firm takeover offer for the European plastics packager.
Koenig & Bauer agreed to take over 80 per cent of folder gluer maker Duran Machinery's business in Istanbul, integrating it as Koenig & Bauer Duran.
Oak Hill Capital Partners and Canada Pension Plan Investment Board signed a definitive recapitalization agreement for Berlin Packaging, with CPPIB investing US$500 million. The transaction is expected to close by the end of 2018, and Berlin Packaging has about US$1.4 billion in annual sales.
Orora Limited acquired Pollock Packaging, a Texas-based packaging and facility supplies business with distribution centres in several US states, for US$80.5 million (about AUD$110 million). The deal was announced on 29 November 2018.
Resource Label Group acquired US-based Best Label, a labelling solutions provider serving several industries, to expand its footprint along the US west coast. The deal value was not disclosed.
US engineering products maker TriMas agreed to acquire Plastic Srl, an Italian manufacturer of caps and closures, for an undisclosed sum. Plastic Srl will become a wholly owned division of TriMas' Rieke business on completion in the first half of 2019.
Malaysian packaging services firm Scientex agreed with several vendors to acquire a 42.41% controlling stake in Daibochi for MYR222.5 million ($53.11 million), subject to a conditional share sale agreement.
P. Van De Velde Group agreed to acquire 100% of the shares of Vekopak, a Tilburg premium folding carton producer, strengthening its Van De Velde Packaging unit. The deal adds about 60 employees.
LBP Manufacturing, a US foodservice packaging company, acquired Dominion QSR, the quick-service restaurant packaging unit of Dominion Packaging. Dominion QSR operates a 240,000 sq ft manufacturing facility in the US. Financial terms were not disclosed.
Royal Box Group, a division of Schwarz Partners, acquired Montgomeryville, Pennsylvania-based corrugated packaging maker Mid-Atlantic Packaging, with Mesirow Financial as exclusive financial advisor. The announcement is dated 15 November 2018.
Indorama Ventures (IVL) acquired a 74% share of Egypt-based PET preforms maker Medco Plast, which has annual capacity of 70,000 metric tonnes. The deal was reported on 15 November 2018.
The European Commission conditionally approved DS Smith's acquisition of Spanish packaging maker Europac on 14 November 2018, after DS Smith agreed to sell Europac's Ovar plant in Portugal and two Normandy plants.
Owens-Illinois (O-I) acquired a just over 49.7% interest in Empresas Comegua S.A., Central America's leading glass container maker, from a subsidiary of Vitro for $119 million.
US packaging material maker Tekni-Plex has acquired Beyers Plastics from Famo, according to the article.
Fortis Solutions Group completed the purchase of two US packaging companies, Austin Label and Premier Georgia Printing and Labels, to strengthen its product portfolio and national footprint.
Reflex Group acquired UK packaging maker Fusion Flexibles and its subsidiary Mercury Packaging for an undisclosed sum after the firms entered administration.
Reid Canada, a subsidiary of Consolidated Container Company, acquired plastic bottle makers Polybottle Group and Humberline Packaging from ABC Group, with plants in Toronto, Vancouver and Edmonton. Terms were not disclosed.
UAB Grigeo Packaging, a subsidiary of AB Grigeo, agreed to take over the corrugated cardboard production business from its parent company to meet growing demand. The business continues operating from Grigiškės.
Stora Enso has acquired Cellutech, a Sweden-based developer of sustainable wood-based materials for packaging. The deal strengthens Stora Enso's fibre and cellulose capabilities.
Sinclair & Rush, through its VisiPak division, completed the acquisition of thermoform packaging maker MasterPac Corporation of St. Louis, Missouri, expanding VisiPak's thermoforming capacity. Production continues at existing MasterPac sites.
The Royal Group (TRG), a division of Schwarz Partners, acquired corrugated packaging maker Mid-Atlantic Packaging in Montgomeryville, PA, adding a manufacturing facility in the northeast. Terms were not disclosed.
Hokkan Holdings agreed to acquire an 80% stake in the beverage packaging units of PT Deltapack Industri for IDR 1.3 trillion, through a new joint venture PT Hokkan Deltapack. The deal was agreed on 31 October 2018 and is expected to close in April 2019.
Smurfit Kappa agreed to buy an integrated packaging business in Belgrade, Serbia, from Kappa Star Group, including the FHB paper mill and Avala Ada corrugated plant. The deal is valued at EUR 133 million.
Welch Packaging has acquired Pierce Box and Paper Corporation, a corrugated packaging supplier in Belvidere, Illinois, extending its service area into northern Illinois and southern Wisconsin. Terms were not disclosed.
The U.S. Department of Justice cleared WestRock's pending acquisition of KapStone Paper and Packaging through Whiskey Holdco, with closing expected November 2, 2018 after the last antitrust approval.
Universal Forest Products, through an affiliate, acquired Milwaukee-based Pak-Rite, which designs and manufactures custom packaging solutions, to expand its footprint.
Brook and Whittle Holdings agreed to acquire Prime Package and Label Co LLC to grow its prime label business in pressure-sensitive and shrink-sleeve labels.
Orora Limited announced the acquisition of Bronco Packaging Corporation, a Dallas, Texas packaging distributor, for about $24 million to expand Orora Packaging Solutions in North America.
B.C. Jindal Group, a specialty packaging film maker, acquired Treofan Europe, a manufacturer of biaxially oriented polypropylene films. Financial terms were not disclosed.
Jamestown Container Companies agreed to acquire the packaging business of General Packaging Products in Medina, Ohio, effective November 5, 2018, with terms undisclosed. Jamestown may hire additional operations staff at its Macedonia, Ohio plant.
Sidel Group completed its acquisition of PET Engineering, a San Vendemiano, Italy packaging firm with 40 employees that makes plastic containers for water, soft drinks, dairy and beer.
Duni acquired 75% of BioPak Pty Ltd, a supplier of sustainable disposable food service packaging in Australia and New Zealand, for approximately SEK 410 million. A further 20% stake is subject to put and call options after five years.
Sealed Air Corporation acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging based in Pflugerville, Texas. The sale closed August 1, 2018, and AFP had 2017 net sales of $125 million.
Belgian carton packaging maker P. Van De Velde Group has acquired Bergische Kartonagenfabrik, a folding carton producer based in Velbert, Germany, with around 100 employees, as part of its buy-and-build strategy.
BWAY, MAUSER Group, National Container Group and Industrial Container Services have combined into one packaging company, Mauser Packaging Solutions, headquartered in Oak Brook, Illinois, with over 11,000 employees and consolidated revenue of $4 billion.
Thailand-based plastic bag maker TPBI entered the paper packaging market through acquisitions of firms in the UK and Australia. The deal values were not given.
Netherlands-based PortionPack acquired CustomPack, a Telford food packaging company, for an undisclosed fee.
Middleby Packaging Solutions, a unit of Middleby Corporation, completed the purchase of the assets of M-TEK, a developer of modified atmosphere packaging systems. Terms of the deal were not disclosed.
Rohrer Corporation, a ShoreView portfolio company, acquired Transparent Container, a Addison, Illinois maker of retail packaging with more than 400 employees and six locations. The deal adds thermoforming capacity to Rohrer's packaging business. It was announced on October 1, 2018.
Edelmann Group acquired 100% of Elanders Beijing Printing Co., Ltd from Elanders AB, adding a folding carton and rigid box site in Beijing that expands its network to 21 sites.
Hong Kong-based GPA Global has acquired Ireland-based Lucas Luxury Packaging and Lucas Promotions, packaging and promotional item companies serving the spirits and beverage industries. The fee was not disclosed.
Südpack is acquiring flexible packaging converter Seville Flexpack in Oak Creek near Milwaukee, its first overseas production site, with the site becoming part of the group on October 1, 2018 and all employees retained.
DS Smith has notified the European Commission of its planned purchase of Spanish corrugated packaging provider Europac. The deal is under EU merger review with a deadline of October 29, 2018.
Amcor and Huhtamaki are reportedly in preliminary talks with the promoters of Essel Propack to acquire a controlling stake in the Indian laminated tube maker. Morgan Stanley is handling the sale, according to unconfirmed reports.
IntraPac International, a North Carolina rigid packaging manufacturer, acquired Quality Plastics, an Arizona-based maker of extrusion blow molded plastic containers. The deal was announced on September 24, 2018.
Packaging Distribution Services, a packaging distributor, acquired Serenity Packaging Corporation, as reported in the September 2018 deals roundup.