Spanish packaging group Hinojosa Packaging has sold its Cipasi business, a cellular polypropylene producer based in Masamagrell, Valencia, to Italian group Karton. Cipasi had 2021 revenue of EUR 9 million and 38 employees, all of whom Karton will retain; the value was not disclosed.
Sealed Air, which is rebranding as SEE, completed its $1.15 billion purchase of Liquibox, a maker of bag-in-box fluids and liquids packaging, during the first quarter of 2023.
Trioworld Group signed an agreement to acquire Malpack Ltd. (Canada) and Malpack Corp. (US), a North American maker of high-performance stretch film for transit packaging. The announcement was made on 30 December 2022.
Tubex Group sold its extruded plastic tubes business of German subsidiary Tubex Wasungen to PE-backed Multitubes Group through an asset deal. The deal was advised by MP Corporate Finance.
Rubix S.p.A. has completed the merger by incorporation of Barlotti S.r.l., a Sala Bolognese plastics processing company with over 40 employees and annual revenue above EUR 10 million, which Rubix had acquired in March 2020.
TricorBraun acquired Merlot Packaging, a Vancouver maker and distributor of injection-moulded rigid closures, to expand in Canada. Financial terms were not disclosed.
Zotefoams plc completed the acquisition of the assets and intellectual property of Refour ApS of Skanderborg, Denmark, for a modest cash consideration. Refour's CEO Torben Andersen joins Zotefoams.
Scotia Investments and CKF Inc. agreed to acquire Canadian thermoformed rPET packaging maker Packright Manufacturing, which becomes a wholly owned CKF subsidiary.
Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Ferrarelle Società Benefit has agreed to transfer ownership of its Presenzano site in Caserta, Italy to the Aloxe Group, with a 10-year R-PET supply contract also agreed. Closing is planned for 7 November 2022.
IPACKCHEM, backed by SK Capital, acquired a majority stake in TPG Plastics from Beaconhouse Capital Management. IPACKCHEM plans to support TPG's expansion and bring its in-mould fluorination technology to North America.
Bewi's acquisition of Jackon Holding AS, a Norwegian insulation and packaging group with about 935 employees and 20 facilities across the Nordics, Germany and Belgium, has been approved by all competition authorities. The deal value is not stated.
Faerch Group has acquired packaging maker PACCOR. The combined group has more than 30 production sites and around 6,000 employees across Europe, the US and Asia.
Dallas Plastics, backed by Sole Source Capital, acquired Emballage MPP, a flexible packaging business. The deal is Sole Source Capital's third flexible packaging investment.
Constantia Flexibles acquired FFP Packaging Solutions, a Northampton flexible packaging maker with over 100 staff, for an undisclosed sum. It is Constantia's first consumer packaging plant in the UK.
Walki Group signed a definitive agreement to acquire 100% of Westpak Oy Ab and Flexipack Oy Ab, Finnish flexible packaging producers with about EUR 40 million combined 2021 sales, subject to competition approval. The price was not disclosed.
Caxton subsidiary CTP acquired Amcor's Cape Town bag-in-box and pouching operations and its Port Elizabeth operation for R90 million, effective 1 August 2022 after competition approval.
South Africa's Competition Tribunal unconditionally approved CTP Limited's acquisition of the packaging operations of Amcor Flexibles South Africa in Cape Town and Port Elizabeth, including bag-in-box laminate production and tyre-liners.
New Packaging Group, backed by NewPort Capital, announced the acquisition of Novapac B.V., a thermoformed plastic packaging maker, with Novapac continuing under its own name. The announcement was dated 19 July 2022.
Private equity firm Ara Partners has acquired UK-based sustainable PET packaging producer Petainer, in partnership with Petainer management and affiliates of Next Wave Partners. Financial terms were not disclosed.
Scholle IPN, a spouted pouch and bag-in-box packaging maker in the Americas and Asia, is merging with SIG, a European carton packaging company. The companies plan to offer a broader range of sustainable packaging solutions.
Pact Group acquired Synergy Packaging, a Tullamarine, Victoria maker of PET bottles, bottle caps and jars, as of June 4, 2022. The terms of the transaction were not disclosed.
Sinclair & Rush, Inc. completed its acquisition of Indepak Corporation, a Portland, Oregon thermoform manufacturer of custom trays, blisters and clamshell packaging. The deal adds thermoforming capacity and a west coast manufacturing footprint.
Brook + Whittle has acquired Diamond Flexible Packaging, a family-owned flexible packaging and converting company in Northbrook, Illinois, adding five pouch lines and bag-making capabilities.
The SOMATER group has acquired ANL Packaging, a European thermoforming company based in Wellen, Belgium with more than 400 employees and plants in Belgium, France and Poland, effective 10 May 2022.
St. Johns Packaging completed its acquisition of Plasticos Uribe, a vertically integrated flexible packaging manufacturer based in Tlaquepaque near Guadalajara, Mexico, announced May 9, 2022. The deal adds Mexican manufacturing capacity alongside a new greenfield plant in Leon, Guanajuato.
good natured Products Inc. entered a definitive agreement to acquire the business and operating assets of FormTex Plastics Corporation, a Houston custom plastic packaging manufacturer, for $4.8 million USD cash, subject to closing adjustments.
Novvia Group acquired Southern Container, a Dalton, Georgia distributor of intermediate bulk containers, plastic and steel pails and drums, and other rigid packaging. The terms were not disclosed. The deal closed on April 25, 2022.
Indorama Ventures completed its acquisition of Ngoc Nghia Industry Service Trading JSC, a Vietnamese PET preforms, bottles and closures producer with four plants and 76,000 tons annual PET conversion capacity.
TricorBraun agreed to acquire PB Packaging, a wholly owned subsidiary of ASX-listed Pro-Pac Packaging, expanding its presence in Australia. PB has 140 team members and the deal is expected to close in Q2 2022, subject to Foreign Investment Review Board approval.
The Samuel Grant Group has acquired Clingfoil, a Stockport-based distributor and manufacturer of protective packaging and stretch film with £7m annual sales, keeping its 21 staff.
Alpek agreed to buy 100% of OCTAL Holding SAOC for US$620 million on a debt-free basis, adding over one million tons of PET sheet, recycling, packaging and resin capacity across sites in Oman, the US and Saudi Arabia.
Mississippi-based Summit Plastics Inc. is acquiring Clear View Bag Co. Inc., expanding its geographic presence and product line.
Ringmetall SE agreed to acquire the business, production plants and property of Rhein-Plast GmbH through an asset deal. Rhein-Plast has about 80 employees and annual sales of around EUR 13 million, and makes polyethylene films and bags in Bad Dürkheim.
IPEX, part of Aliaxis, signed a stock purchase agreement on January 19, 2022 to acquire all shares of Virginia-based Harrington Corporation (HARCO), a manufacturer of gasketed fittings; completion is expected within weeks pending regulatory approval.
Plastics News reports that Faerch is to acquire Paccor Packaging. The article text provided contains no further details.
Greif agreed to divest its 50% share in the Flexible Packaging joint venture to Gulf Refined Packaging for $123 million in cash, subject to conditions. The deal is expected to close by March 31, 2022.
Gruppo Happy completed the acquisition of 100% of Coopbox SPA and its subsidiary Coopbox Eastern SRO, operating in Italy and Slovakia, and French company Sirap France SAS. The group makes plastic food packaging containers.
Oerlemans Packaging Group agreed to acquire Koninklijke Verpakkingsindustrie Stempher, which makes paper bags and polyethylene bags, tube and films at two sites in Rijssen, Netherlands. Financial terms were not disclosed.
Clearlake Capital-backed Pretium Packaging completed its acquisition of Grupo Edid, a Lerma, Mexico rigid packaging manufacturer and paperboard printer, on December 16, 2021; financial terms were not disclosed.
Cabka Group GmbH agreed in December 2021 to acquire Dutch Star Companies TWO B.V. in a reverse merger valued at about €110 million; the combination was completed in early March 2022 and the listed company renamed Cabka N.V.
Saint-Gobain acquired HyComp, a US aerospace manufacturer established in 1886 with about 120 employees, which supplies composite components. The announcement was made on March 12, 2018.
Abriso Jiffy has acquired Novostrat, a Europe-leading manufacturer of sustainable polyethylene foam with sites in Poland and Ireland. The transaction closed on January 13, 2023.
Private equity investor 3i has agreed to back Dutch food and drink container brand Mepal as it looks to grow the business across Europe. No deal value was disclosed in the article.
Pacur, a Gryphon Investors portfolio company, signed a definitive agreement to acquire CAROLEX SAS, a French PETG sheet extruder, from epsotech Holding GmbH. The deal is expected to close by year end 2021 and terms were not disclosed.
Evergreen acquired the Albany, New York (formerly UltrePET) and Amherst, Nova Scotia (formerly Novapet) rPET facilities from wTe Corp. in November 2021.
Listed Norwegian company Bewi agreed to buy packaging manufacturer Jackon, with the last owning family accepting cash of NOK 1.55 billion and the other family receiving shares worth about NOK 780 million more.
Alpla, Ecohelp and United Polymer Trading (UPT) formed a joint venture, PET Recycling Team Targu Mures, investing a combined EUR 7.5 million in a plant in Targu Mures, Romania. Production is scheduled to start around mid-2022.
Italian packaging maker Gualapack, through Gualapack Brasil, agreed to acquire Brazilian flexible packaging converter Teruel Embalagens, which has two factories in Brazil. The deal adds laminate production to Gualapack's pouch business in South America. It was announced on October 4, 2021.
Epsilyte Holdings, owned by Balmoral Funds, acquired StyroChem Canada, a producer of expandable polystyrene in Baie d'Urfe, Quebec, from PMC Capital Partners. The deal was announced October 1, 2021.