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.
WestRock announced the acquisition of Hanna Group Pty Ltd (Hannapak), a folding carton provider in North Richmond, New South Wales, for AUD 75 million in cash. The business converts about 30,000 tons of paperboard a year.
Detmold Group agreed to buy Heshan Innopak Co. Ltd. from Novolex, a packaging manufacturer in Heshan, Guangdong, China. The transaction is expected to be completed by the end of August 2017.
Royal Containers announced the acquisition of corrugated packaging manufacturer Rexdale Container Corp., based in the Greater Toronto Area, to increase capacity and geographic presence in Southern Ontario.
Carolina Container, a subsidiary of New-Indy Containerboard, acquired Dixie Reel & Box Company, a corrugated packaging manufacturer based in Charlotte, North Carolina. Terms were not disclosed.
Italian capping systems maker AROL SpA finalized its acquisition of Italian packaging equipment manufacturer UNIMAC-GHERRI, which makes filling and capping machines for glass containers with twist-off caps.
Supremex has completed its acquisition of Montreal-based folding carton maker Stuart Packaging for $17.5 million on a cash-free, debt-free basis, plus $2.1 million payable over 24 months subject to targets.
Postal packaging company Blake has acquired an envelope manufacturing plant in Telford, UK, adding capacity for 300 million envelopes per year on top of its two billion annual output. The move aims to strengthen UK-based manufacturing.
Packaging maker Karl Knauer KG has acquired a 75% majority stake in HEPACK druck+verpackung GmbH of Neuenstein, Germany, which has about 100 employees and specializes in food, confectionery and sanitary packaging. The managing director keeps 25%.
US packaging group Multi-Color Corp said it would buy the labels unit of Austria's Constantia Flexibles for about $1.3 billion in cash and stock.
Triton funds partnered with Bormioli Luigi to purchase the pharma division of Bormioli Rocco, a pharmaceutical primary packaging maker currently owned by Vision Capital.
Rengo's subsidiary Triwall Corporation established a joint venture company, TW Michigan Corporation, in Michigan, USA, to manufacture and sell heavy-duty packaging materials. The announcement was made on 14 July 2017.
WestRock completed the acquisition of five corrugated cardboard plants in Ohio, Pennsylvania and Louisiana from U.S. Corrugated for $192 million in cash and common shares. WestRock also secured about 50 thousand tons of supply through a long-term contract.
Revere Packaging Holdings purchased custom tray and container maker Plastic Package for an undisclosed sum. The combined company will be headquartered in Shelbyville, Kentucky.
Alzamora Group has acquired Lisbon-based packaging company Novotipo to strengthen its position in the domestic market and expand internationally. The combined group has a turnover of around 35 million euros.
Henkel completed its acquisition of the global Darex Packaging Technologies business, based in Massachusetts, for $1.05bn on a cash and debt-free basis. Darex makes sealants, coatings and cans for the metal packaging industry.
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%.
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.
UK-listed DS Smith signed a conditional agreement to acquire 80% of US corrugated packaging business Interstate Resources from Merpas for $920 million, assuming about $226 million of debt.
TricorBraun, a St. Louis packaging company, agreed to acquire Salbro Bottle, a Woodbridge, Ontario maker of plastic and glass containers and closures. No financial terms were disclosed. The announcement was made on June 26, 2017.
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.
Golden West Packaging Group bought four independent packaging companies in Northern California, Heritage Solutions, Capital Corrugated, PackageOne and Packaging Innovators Corporation, plus their co-owned sheet feeder Cal Sheets, for an undisclosed value.
Uhlmann Packaging Systems L.P. of Towaco, New Jersey acquired Cremer Speciaalmachines B.V., a Dutch manufacturer of counting and packaging systems based in Lisse. Financial terms were not disclosed.
Turkish flexible packaging maker Korozo Ambalaj signed stock transfer and partnership agreements with private equity firm Actera Group. The transaction awaits Turkish Competition Authority approval.
WestRock completed its acquisition of US-based Multi Packaging Solutions International (MPS) for $2.28bn, after receiving all regulatory approvals. WestRock paid $18 per share in cash and assumed about $873m in net debt.
Edmonton-based Jet Label & Packaging acquired United Label Company of Coquitlam, British Columbia, in summer 2017. The deal expands Jet Label's mass-market retail customer base and adds production capacity, with new machinery planned for 2018.
Champion Container acquired Jachts Columbia Can, a Paterson, New Jersey distributor of packaging containers founded in 1987. The deal was completed in June 2017.
GualapackGroup announced the acquisition of Mexican converter Excel Nobleza S.A.P.I. de C.V., establishing a laminates manufacturing presence in Mexico, with the Herrero family remaining in management.
Rayonier Advanced Materials agreed to acquire Tembec in a deal with a purchase price of about US$807 million including US$487 million of net debt assumed, with Tembec shareholders receiving C$4.05 cash or shares.
WestRock agreed to acquire five corrugated converting facilities in Ohio, Pennsylvania and Louisiana from U.S. Corrugated Holdings for about $192 million in cash and stock. The deal is expected to close in June 2017.
TNI Packaging, LLC, a food-industry packaging supplies manufacturer in West Chicago, was purchased by Visko/TeePak, a global casings maker; terms were not disclosed. Production continues at the West Chicago site and in Malaysia.
Sigma Plastics Group acquired BJK Flexible Packaging, adding 45 million pounds of blown film capacity and serving food packaging and other end markets in Kentucky.
Proactive Packaging and Display LLC, a portfolio company of CK Pearl Fund, was sold to New-Indy Containerboard LLC, a joint venture of Schwarz Partners and Kraft Group.
New-Indy JV Corp., a joint venture of Kraft Group and Schwarz Partners, agreed to acquire Carolina Container Company, a longtime leader in corrugated packaging based in High Point, North Carolina.
NIBE Industrier AB acquired 80% of the shares of HT S.p.A., an Italian manufacturer of heating solutions for HVAC, commercial food products, packaging and industrial applications. HT has facilities in Italy and Romania, with 2016 revenue of approximately EUR 23 million and 330 employees.
Mark Andy Inc., a Dover Corporation company, has acquired Comco, a global supplier of narrow and mid-web flexographic printing presses for folding carton and flexible packaging markets.
Amcor announced an acquisition of a speciality container business in Colombia on May 3, 2017. The announcement text provided does not give the target name, price or other deal details.
ProMach, Inc. acquired Weiler Labeling Systems, a New Jersey-based provider of high-speed rotary labeling, serialization and coding solutions, to expand its pharmaceutical packaging capabilities.
German rigid plastic packaging manufacturer Jokey Group acquired Treplas, an injection molding company based in Molina del Segura, Murcia, Spain, to strengthen its position in the Iberian Peninsula. The deal was announced in May 2017.
GCP Applied Technologies countersigned a Stock and Asset Purchase Agreement with Henkel on April 27, 2017, for Henkel to acquire its Darex Packaging Technologies business for approximately $1.05 billion. Completion is expected in mid-2017, subject to regulatory approvals.
The EBRD, private equity firm Actera and Esas Holding are acquiring a majority stake in Korozo Ambalaj, a Turkish flexible packaging producer that is building a new facility in Corlu, Tekirdag.
SCG acquired an 80% stake in PT Indocorr Packaging Cikarang for a transaction value of Rp 145 billion, expanding its ASEAN corrugated container capacity to 1,045,000 tons per year.
The EBRD, private equity investor Actera and Esas Holding are acquiring a majority stake in Korozo Ambalaj, Turkey's leading flexible packaging producer. The deal includes a US$1 million Clean Technology Fund loan, and Korozo is building a new plant in Çorlu, Tekirdağ.
Thai Containers Group, a joint venture of Rengo and SCG Packaging, completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang, a corrugated packaging maker in eastern Jakarta, Indonesia.
Austrian packaging manufacturer ALPLA agreed to acquire a 100% stake in Star East Pet SRL, a PET preform producer based in Brasov, Romania. Completion is expected in mid-2017, subject to antitrust approval; financial terms were not disclosed.
Folmeg Engineering of Eschwege has taken over Schuy, an insolvent maker of filling and packaging machines in Hünfeld, Germany. Schuy will remain independent and its site will stay open.
Argentine food group Arcor, through Cartocor S.A., is acquiring 100% of Zucamor S.A., which runs seven industrial plants in Argentina making virgin fibre paper, sack kraft and corrugated board. The deal is subject to government approval.
Sources say Bedminster Capital has authorized the sale of its 80% stake in Turkish packaging company Propak Ambalaj, with Constantia Flexibles among four interested bidders. Propak did not comment.
Loews Corporation has agreed to acquire Consolidated Container Company, a rigid plastic packaging manufacturer, from Bain Capital Private Equity for approximately $1.2 billion, with closing expected in the second quarter of 2017.