ITC Packaging and the Erum Group created a joint venture, ITCErum Packaging, to sell their packaging solutions in Morocco first and expand internationally. The venture combines ITC's thin-walled plastic packaging with Erum's regional distribution network.
Montebello Packaging announced a $12 million investment in a new production line at its Lebanon plant, marking the site's 25th anniversary. The 160-foot extrusion line is expected to be fully functional by the fourth quarter of 2023.
Pact Group extended its seven-year crate ownership, washing and pooling contract with Woolworths by 10 years to 2033. The deal is reported as worth more than A$50 million a year, and Woolworths dropped its option to buy half of the Pact entity.
UK packaging company Flexi-Hex signed an agreement with California-based Orora Packaging Solutions making Orora its exclusive North American distributor of patented hexagonal recycled fiber protective packaging. The agreement was announced in July 2023.
Berry Global was selected to provide two freezer-safe packaging solutions, a 21-litre SuperCube container and a 280ml UniPak container, for Gat Foods' premium fruit juice concentrates. The announcement was made on 2023-07-21.
Guangxi China Tobacco Industrial Co. awarded the 2023-2025 Lilong (new edition) cigarette box and carton packaging paper procurement contract to Guangxi Zhenlong Color Printing Packaging as first bidder, with Zhejiang Meinong Century Group second.
Orora Beverage launched Helio by Orora, a high-speed digital printing solution for cans in Oceania, supplied under an agreement with Israel-based Velox-digital. The first digital printer will be installed at Orora's Dandenong, Victoria can plant.
Mitsubishi Chemical UK began construction of a new production line that will double capacity for its SoarnoL EVOH packaging polymer at Saltend Chemicals Park in Hull, a multi-hundred-million-pound investment. The line is expected to be operational by mid-2025 and create at least 30 direct jobs.
Tetra Pak and Axjo Group are working together on a planned recycling plant in Gislaved, Sweden, for polyAl layers from carton packaging, with up to 10,000 tonnes annual capacity. The collaborative investment is up to EUR 24 million, with operations expected from 2025.
Huhtamaki is investing approximately USD 30 million to expand its Paris, Texas facility, adding folding carton manufacturing capacity and consolidating an external warehouse. Production is expected to ramp up in Q1 2025, with up to 80 jobs planned.
Recopak Machinery, an Australian family-owned packaging machinery manufacturer founded in 1986, opened a new factory in Cobram, Victoria. The facility is intended to streamline in-house manufacturing and speed delivery.
Pernod Ricard Winemakers has started up a high-speed combination can and small-format bottle line at its Rowland Flat site in South Australia, with capacity up to 24,000 cans per hour. The line will produce RTD and small-format wine products.
SOLV Holdings LLC acquired Elkhart-based Maverick Packaging Inc., a maker of packaged liquids for the hospitality industry. The deal is expected to pair Maverick with SOLV's Bomag Group in Angola, Indiana.
Kantek (CANTEC) plans to expand its polymer packaging plant in Stavropol's Energiya industrial park with total investment estimated at 3 billion roubles, in seven production lines, with launch not earlier than 2026 and about 6,000 tonnes per year capacity by 2034.
Azerbaijan Investment Holding and Hungarian company Hell Energy signed an agreement to construct a plant producing aluminium beverage cans in the Alat free economic zone. The cans will be exported regionally and used for bottling on the domestic market.
RDM Group finalized the acquisition of 100% of Fiskeby International Holding AB, a Swedish producer of recycled-fibre packaging board with a 170,000-tonne-per-year mill. The deal makes RDM the largest independent recycled board producer in Europe.
According to banking sources reported by KED Global, US private equity firm TPG agreed to buy a 100% stake in South Korean cosmetic packaging supplier Samhwa at a price in the mid-300 billion won range, about $236.9 million, with CEO Cho Seong-hwan buying a minority stake back.
Mimir Group agreed to acquire the Managed Packaging business unit from Billerud AB, which offers customized packaging solutions with manufacturing in Asia. The transaction is expected to complete in August 2023.
IFCO completed the European roll-out of its reusable packaging containers as exclusive provider of RPCs for fresh produce at ALDI Nord and ALDI SÜD, on schedule in early May 2023.
Akers Packaging has moved its Chicago team into a new 280,000-square-foot facility at 425 Crossing Drive, University Park, Illinois, which houses a new Fosber corrugator and will add converting machines in the third quarter.
Cardbox Packaging Inc. cut the ribbon on an 11,000-square-foot expansion of its U.S. manufacturing headquarters in Pittston, Pennsylvania, with state officials attending.
Mondi is supplying Aromsa with its paper-based TankerBox, a corrugated cardboard alternative to stainless steel containers for shipping sauces, toppings, extracts and seasonings. Aromsa has completed a trial and is moving the solution to commercial use.
Mondi provided its corrugated TankerBox packaging to Turkish flavor company Aromsa as a replacement for stainless-steel containers, after a trial on Aromsa's production line.
PulPac licensed its Dry Moulded Fiber technology to Matrix Pack, a European maker of paper straws and biodegradable lids. Initial use focuses on hot and cold beverage lids in North America and Europe.
Hinojosa Packaging Group closed a 49% shareholding agreement in ASV Packaging, a French maker of sustainable food and beverage packaging. The deal expands Hinojosa's presence in the French and Spanish markets.
CCL Industries announced its C$38.1 million purchase of Creaprint, a mold-label producer with a facility in Alicante, Spain and a sales office in Miami. Creaprint reported C$17 million in 2022 sales.
CCL Industries closed its C$44 million acquisition of Pouch Partners from a company owned by Capri-Sun Group. Pouch Partners makes printed and laminated flexible film for pouches and reported C$104 million in sales last year.
Terinex Flexibles, part of OGM Holdings Group, signed to take 46,000 sq ft at Dove Valley Park in Foston, South Derbyshire, for a GBP 8m production, warehouse and R&D facility. The development completes its latest phase in January 2024.
Saica Group acquired a minority share in Adda Ondulati and Cartorobica, two Italian corrugated board plants in Annone di Brianza and Pietrasanta with 2022 revenue of EUR 105 million and 247 employees.
China's SAMR advised Shandong Xinjufeng Technology Packaging to file its proposed acquisition of a 28.22% stake in Hong Kong-listed Greatview Aseptic Packaging from JSH Ventures. The regulator's move is considered unprecedented in hostile takeover filings.
Stora Enso opened a second corrugated packaging factory at its De Lier site in the Netherlands, equipped with two new corrugators, making the site the largest and most modern corrugated packaging facility in Europe. The factory was in commissioning with first orders delivered.
Berlin Packaging announced on July 4, 2023 the acquisition of Athens-based Coropoulis Packaging S.A., a supplier of closures, corks and glass containers, with all employees and locations retained.
AFIG Funds and Norfund announced the joint acquisition of Nouvelle Mici Embaci, a corrugated packaging and polypropylene bag maker in Cote d'Ivoire, to fund modernisation and regional growth.
Viken Vest Innkjopssamarbeid awarded Empakk AS a framework agreement worth NOK 20 million for packaging machines, servicing and consumables for commercial kitchens, announced July 3, 2023.
Irish packaging company Zeus Packaging has acquired Cima Paper, with deal consideration not disclosed. Zeus employs about 1,100 people across 51 locations in 30 countries.
BA Glass acquired a majority stake in Vidrio Formas, a Lerma, Mexico maker of customized glass containers, in July 2023. Financial terms were not disclosed.
Italian packaging group Goglio acquired Mega Embalagens, a Brazilian maker of flexible packaging for food, hygiene and pet food, in July 2023. Terms were not disclosed.
Smurfit Kappa has inaugurated an integrated corrugated plant in Rabat, Morocco, its first operation in North Africa, with a 25,000 m2 facility costing over €35 million and supporting 400 direct and indirect jobs.
ExxonMobil made its first commercial sale of certified-circular Exceed PE polymers in India to UFlex, produced using its Exxtend advanced recycling technology, for use in flexible food packaging.
Taiwan-listed Forward-KY (8411) invested RMB 300 million in a two-line two-piece aluminum can plant in Xi'an, Shaanxi, opened June 30, 2023, with first-phase production planned before the mid-autumn season and annual capacity of 600 million cans.
Emballator Group agreed to acquire Europak Oy, an Espoo-based maker of blow-moulded plastic canisters with about EUR 8 million turnover; closing is expected on 1 September 2023 and the price was not disclosed.
Pact Group is investing more than $76 million in new packaging manufacturing equipment across its Australian operations to produce recycled packaging. The investment is currently underway as of June 2023.
Pact Group signed a strategic partnership to supply recycled plastic packaging for ALDI Australia's own-brand products, manufactured at its New South Wales, Victoria and Queensland facilities. The deal was announced on June 29, 2023.
STI Group is investing in an additional folding carton production plant at its Rumburk site in the Czech Republic, with a new printing press also going into operation in Hungary. The Rumburk site currently employs 80 people.
Mondi plans to invest more than €16 million ($17.5 million) in its Krapkowice plant in southern Poland to install a new production line for MailerBAG paper bags, doubling bag production capacity this year.
Ireland-based Bevcraft Group acquired the mobile canning business of Tripod Canning in Mountainside, New Jersey, entering the US market; it is its third acquisition in 18 months.
ACG took full ownership of Technical Aluminium Foil Company, a UAE-based aluminium foil packaging maker serving pharmaceutical and food industries, marking ACG's first venture in the Middle East.
Irish packaging group Zeus Group announced the acquisition of Cima Paper S.p.A., an Italian paper and board converter with annual revenues of EUR 65 million, to strengthen its vertically integrated packaging supply chain.
All4Labels Global Packaging Group signed an agreement to acquire Brazilian healthcare packaging companies Faberprint, Allbox and Involv Labels as wholly-owned subsidiaries, subject to closing conditions including regulatory approval. Terms were not disclosed.
All4Labels Global Packaging Group agreed to acquire Springfield Solutions, a UK supplier of digital packaging assets, subject to closing conditions. Terms were not disclosed.