Italian packaging producer Sirap-Gema agreed to buy rigid plastic food packaging maker Kama Europe, trading as Pactiv, from Reynolds Group Holdings, with completion expected mid-January 2018. Kama Europe has a plant in Sedgefield employing 110.
Multinational packaging company NNZ agreed to acquire Levy Brothers & Knowles (LBK), a UK flexible packaging supplier with bases in Liverpool and Glasgow. The deal was advised by Benchmark International and significantly increases NNZ's share of agricultural and industrial packaging markets.
TricorBraun, a St. Louis packaging company, acquired Taipak, a flexible packaging provider headquartered in Richmond, British Columbia. It is TricorBraun's first move into flexible packaging, and Taipak will be renamed Taipak, A TricorBraun Company.
Berry Global Group has agreed to acquire Clopay Plastic Products Company from Griffon Corporation for $475 million in cash, adding printed breathable films and elastic films with about 1,500 employees.
Pact Group has bought two Reynolds companies in Asia, according to Plastics News. The article gives no further details on location, price or date beyond December 5, 2017.
Blackstone Group has reportedly agreed to acquire ShyaHsin Packaging (China) for about $800 million to $900 million, according to sources cited by Reuters, and is arranging about $600 million of loan financing. The report was dated November 10, 2017.
Citic Capital agreed to buy French packaging company Axilone from Oaktree Capital Management, announced on November 6, 2017. Banks have lined up about €420m of leveraged loans to finance the buyout, with Axilone's EBITDA around €55m.
Oriental Containers will sell a 51 percent stake in Oricon Packaging to Pelliconi & C.S.P.A. for about 4.19 billion rupees under a business transfer agreement signed by Oricon Enterprises.
Tapì Group completed the acquisition of Tapì Argentina, moving from a minority stake to 90% ownership, with the remaining 10% held by CEO Mariano Paz. The Argentine plant will serve demand across South America.
Graphic Packaging Holding will acquire International Paper's North American consumer packaging business for $1.8 billion. The company says the combination with its mills would create an integrated packaging company with potential sales of $6 billion.
WestRock has entered into agreements to acquire substantially all of the assets of Plymouth Packaging, a corrugated packaging company known for its Box on Demand systems. The deal also includes Plymouth's equity stake in Panotec and its US and Canada distribution rights.
TC Transcontinental acquired Montréal-based flexible packaging converter Les Industries Flexipak Inc., which employs 55 people, extending its packaging footprint to Eastern Canada.
Constantia Flexibles completed the sale of its labels division to Multi-Color Corp. for an enterprise value of about EUR 1.15 billion (approximately USD 1.3 billion), with Constantia receiving about EUR 830 million in cash and keeping a 16.6% stake in Multi-Color.
Dewitt Barrels Inc and DBI Recycling were sold to Industrial Container Services of Maitland, Florida, which plans to merge the Marne, Michigan company with an Illinois subsidiary. The founding family is retiring, and terms were not disclosed.
Reynolds Group agreed to sell its SIG Combibloc carton packaging business to Onex Corporation for up to €3.75 billion, with €3.575 billion payable at closing and up to €175 million based on 2015 and 2016 performance. The deal was expected to close in the first quarter of 2015.
Oricon Enterprises' board approved transferring the closures business of Oriental Containers to Oricon Packaging and selling a 51% stake in Oricon Packaging to Italy's Pelliconi at an enterprise value of Rs 419.40 crore, subject to agreed conditions. The approvals were given at a meeting on 27 October 2017.
TricorBraun formed a 50-50 joint venture with Amfora Packaging, named TricorBraun South America SAS, covering Colombia, Peru, Ecuador, Chile and Venezuela, headquartered in Bogotá, Colombia. The announcement was made on 27 October 2017.
Graphic Packaging will run a new paper-based packaging partnership with International Paper's Consumer Packaging business, holding 79.5% while IP keeps 20.5%. The partnership is valued at about $6bn and will assume $660m of IP debt.
Nosco, a US printed packaging company, acquired New York-based insert and outsert manufacturer Gooding Company to grow its healthcare business and East Coast presence. The deal adds a manufacturing facility and an expanded range of folded solutions.
Graphic Packaging will own 79.5% of a new partnership combining its businesses with International Paper's North America Consumer Packaging business, with International Paper holding 20.5% valued at $1.14 billion. The deal was announced on 24 October 2017.
BDG & Associés and the Fonds de solidarité FTQ acquired Plastube Inc., a Granby, Quebec manufacturer of extruded and decorated plastic tubes for cosmetics, pharmaceutical, food and industrial markets. Plastube employs about 130 people.
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.
According to sources cited by Reuters, Edizione Holding has teamed up with Goldman Sachs's private equity arm to bid for Italian packaging company Guala Closures. The report is unconfirmed.
Exal Group, the aluminum can maker acquired by Stonebridge Partners in 2010, combined with Ardagh Group's food and specialty metal packaging division in October 2019 to form Trivium Packaging, with Ardagh holding 43% and Ontario Teachers' and Stonebridge controlling 57%.
HQ Equita agreed to sell ROVEMA GmbH, a German maker of vertical form-fill-seal food packaging machinery based in Fernwald, Hesse, to Franz Haniel & Cie, subject to regulatory approvals; Alantra advised the seller.
German packaging firm Südpack has acquired Oak Creek-based Seville Flexpack for an undisclosed price, gaining two facilities totaling 156,000 square feet. All 40 employees will remain.
SAICA has entered negotiations to acquire Emin Leydier, a French corrugated paper packaging manufacturer with eight French sites and over 1,000 employees, which generated EUR 356 million revenue in 2016; First Eagle holds about 53% of it.
Private equity firm J.H. Whitney Capital Partners acquired Accupac from H.I.G. Capital. Accupac provides outsourced manufacturing and packaging for pharmaceutical and OTC personal care manufacturers. The deal value was not disclosed.
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.
Klingele Group's Spanish subsidiary Klingele Embalajes is acquiring a shareholding in Trade Packaging SA, giving Klingele two corrugated plants and a folding carton plant in Cuba. The deal also raises its stake in Compacto Caribe to 51%.
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.
TricorBraun acquired Continental Packaging Associates, a family-owned packaging supplier serving food, industrial, pharmaceutical and cosmetic markets. The company will operate as TricorBraun and keep its management team.
Macfarlane agreed a £16.75m deal to acquire Nottingham-based packaging distributor and corrugate supplier Greenwoods Stock Boxes, which had £14m sales in the year to April 2017. Greenwoods has a small manufacturing facility in Melton Mowbray.
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.
Swiss family office Zobel Values AG acquired flexible packaging specialist RCP Randstadt from Dutch investor nimbus hands-on investors; RCP has about 150 employees and 2016 revenue of about EUR 30 million.
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.
Packaging producer P. Van De Velde Group acquired folding carton manufacturer Koninklijke Schut, which becomes part of Van De Velde Packaging; the combined group has about 270 employees and annual revenue of about EUR 65 million.
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.
Golden West Packaging Group acquired Heritage Solutions, Capital Corrugated, PackageOne and Packaging Innovators Corporation in Northern California. The deal created a West Coast lamination plant, and the group expects annual turnover above USD 250 million.
Menasha Corporation acquired ARI Packaging of Alsip, Illinois, a contract packaging and fulfillment provider with five facilities in three states. The business will operate within Menasha Packaging Company.
Tri-Wall Limited acquired a 95.02% stake in Welsh Boxes and Engineering (Holding Company) Limited, parent of Swansea-based maker of heavy duty corrugated boxes and timber packaging.
Smurfit Kappa has acquired Soyuz, a Moscow-based corrugated packaging company with about 300 employees, strengthening its position in Russia. No financial terms were disclosed.
Softbox Systems, a temperature-control packaging group backed by Great Point Partners, has acquired Tempack, expanding its presence in Europe and Latin America. No financial terms were disclosed.
Packaging Corporation of America agreed to acquire substantially all assets of Sacramento Container Corporation and related sheet operations in California for a cash price of $265 million. Closing is expected in early Q4 2017.
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.
Oliver Printing & Packaging Co. completed the acquisition of a majority stake in Pohlig Bros., LLC from Michael Gaffney, James Petit and WestRock, with Gaffney and Petit retaining significant ownership. Pohlig keeps its facilities and all employees.
St. Louis-based ALP Holdings acquired Atlas Labels & Packaging, a Kansas City, Kansas maker of printed packaging and promotional products. The sale closed June 30, 2017, and terms were not disclosed.
Mespack, a Duravant subsidiary making flexible packaging machinery, acquired Barcelona-based SR Innova, which makes secondary packaging and end-of-line machinery. The deal was announced on August 8, 2017; the value was not disclosed.
Georgia-Pacific Corrugated acquired Ohio-based PAX Corrugated Products, which operates a corrugated sheet plant with more than 100 employees in Lebanon, Ohio. Terms were not disclosed.