Canpack announced a new greenfield aluminium beverage can plant in Poços de Caldas, Minas Gerais, with a total investment of about BRL 710 million (USD 140 million) and around 140 direct jobs. Construction is expected to start in Q4 2022, with operations from Q1 2024.
Scotia Investments and CKF agreed to purchase Molded Fiber Technologies from UFP Technologies, forming MFT-CKF, Inc. MFT makes molded pulp protective packaging at plants in Clinton, Iowa and El Paso, Texas.
In its Q2 2022 earnings release, Silgan said it renewed a long-term contract with its largest steel food container customer. The customer and contract value were not named.
Thimm group expanded its folding box production capacity at its Wörrstadt, Germany site by installing a new production line, a few months after commissioning a new folder gluing machine.
WestRock agreed to acquire the remaining 67.7% interest in Mexican packaging producer Grupo Gondi for $970 million plus assumed debt, an implied enterprise value of $1.763 billion. The deal expands WestRock's Latin American packaging operations.
Novvia Group acquired Duval Container, a Jacksonville, Florida supplier of cans, pails, drums, bottles and jars, on July 26, 2022. Terms were not disclosed.
Skjodt-Barrett Contract Packaging is expanding its Lebanon, Indiana facility with a 340,000 square foot addition, adding production lines and freezer space at an estimated $58 million capital investment. The expansion is expected to create 90 jobs.
Woolworths Group and Pact Group are developing a partnership under which up to 18,000 tonnes of recycled plastic could be used in Woolworths own-brand packaging each year. The companies describe it as a multimillion-dollar investment in local recycling and manufacturing capacity.
Bain Capital Private Equity and BC Partners signed definitive documents for a joint ownership agreement over Fedrigoni, a producer of self-adhesive labels and fibre-based packaging. The agreement was announced on 26 July 2022.
Pact Group will manufacture and supply recycled plastic packaging for Woolworths own-brand products, using recycled PET resin from its Australian recycling facilities. The partnership was announced on 26 July 2022 and involves a multimillion-dollar investment.
Woolworths Group and Pact Group are developing a strategic partnership under which Pact would use recycled plastic for Woolworths own-brand packaging, up to 18,000 tonnes a year, as a multimillion-dollar investment in local recycling.
Pact Group signed an agreement to supply Woolworths with up to 18,000 tonnes of recycled plastic packaging items for its home brand products by 2024.
Berrapack, headquartered in Aljustrel, Portugal, is investing €1 million to start producing waterproof paper packages for food use next year, initially 400,000 to 500,000 packages per day.
Packaging manufacturer Thimm installed a new Bahmüller Turbox folder gluer and automated downstream equipment at its Wörrstadt site for EUR 4.2 million, to meet rising e-commerce packaging demand.
Polish cardboard packaging maker Janmar Centrum opened a new production facility of about 7,300 square metres in Stryków, within Segro Logistics Park Stryków, to boost manufacturing capacity. The investment value was not disclosed.
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.
Hongta Liaoning Tobacco Co. published a tender award notice for its carton packaging project, won by two companies, with a winning bid amount of about RMB 87.33 million, announced 2022-07-21.
Klabin will invest almost R$1.6 billion in a new corrugated box plant in Piracicaba, São Paulo, with annual capacity of 240,000 tonnes, scheduled to start production in Q2 2024. The Figueira Project is announced on 20 July 2022.
Good natured Products signed a three-year commercial contract with a large U.S. food producer to supply packaging made from Bio-PET-based material and recycled content, produced at its Ontario and Illinois facilities.
Premier Tech is investing $33 million in a 165,000-square-foot facility in Montgomery, Alabama, for its Systems and Automation group, serving as its US headquarters. Operations start gradually from March 2023.
Italian investment firm Ambienta agreed to acquire HolwegWeber, a machinery maker for paper-based flexible packaging, to combine it with its In.Pack Machinery. The combined group will have 7 production sites on 3 continents and 400 employees.
Mondi is investing nearly €65 million to increase production capacity at three Consumer Flexibles plants in Korneuburg (Austria), Halle and Steinfeld (Germany) for sustainable pet food packaging. Work has already started at Korneuburg.
Crown Holdings will build a second high-speed aluminum beverage can line at its Parma, Italy facility, adding over one billion cans annually and 80 jobs. Commercial production is expected in Q1 2023.
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.
SCGP completed the acquisition of 100% of Peute Recycling B.V., the largest packaging materials recycler in the Netherlands, for EUR 78.19 million, adding one million tons per year of recovered paper capacity.
Dutch corrugated packaging producer De Jong Packaging Group acquired a controlling stake in Wellpappenfabrik Grünstadt-Sausenheim (WSG), a German corrugated sheet and folding box maker founded in 1937. Financial terms were not disclosed and the deal is subject to competition approval.
Flexpak completed its acquisition of ACE Packaging of AZ, a Phoenix-based distributor of corrugated boxes, stretch film, foam and polybags, on July 1, 2022, and announced it on July 14, 2022. The deal expands Flexpak's presence in Arizona and the Mountain West.
The Saica Group, through Saica Pack, acquired a majority stake in Cartonajes Bañeres (CartoBan), an Alicante corrugated cardboard maker, and its wholly owned subsidiary Electro Mariola, which operates a cogeneration plant. The two companies had combined turnover above 26 million euros in 2021.
Trebor Developments completed the pre-sale of a 625,000 sq ft freehold turnkey site at Delta Park, Peterborough to Crown Holdings for a build-to-suit aluminium beverage can plant, with total capital value over £150 million. Main contractor ISG began work in June 2022 with completion expected in summer 2023.
good natured Products signed a three-year contract to supply a large U.S. food producer with Bio-PET-based packaging designs made at its Ontario and Illinois facilities, expected to generate about USD 13 million in first-year revenue.
Menasha Packaging Company has finalized its acquisition of Color-Box, the corrugated packaging business unit of Georgia-Pacific. Color-Box employs 550 people and operates plants in Richmond, Indiana; Pelahatchie, Mississippi; and Madera, California. Terms were not disclosed.
Dow signed a memorandum of understanding with China's Want-Want Group to supply water-based and solventless laminating adhesives. The aim is zero-solvent emissions and more recyclable flexible packaging.
Private equity firm Pfingsten has sold packaging company Oliver Inc to Tenex Capital. The article does not disclose the deal value or location.
Mondi will supply German bike maker Diamant with pre-made recyclable paper Protector Bags to replace plastic bubble wrap on handlebars. The change is expected to cut Diamant's plastic use by about 16 tonnes a year, and Mondi produces the bags at its Trebsen plant in Germany.
UK private equity firm Inflexion Private Equity Partners led a buyout of SteriPack, a provider of product life-cycle management and integrated packaging services. The deal is intended to fund global expansion and further acquisitions.
Bahrain's Labour Fund Tamkeen is supporting the expansion of United Paper Industries (Bahrain Pack), a packaging maker, which will add 7,000 tons of production capacity and raise exports over three years.
Paharpur 3P Private Limited launched commercial production at its greenfield flexible packaging plant in Sri City, Tirupati district. The first phase, with an investment of over ₹150 crore, employs 250 people.
Ardagh Glass Packaging Africa announced a R1.5 billion expansion of its Nigel production facility southeast of Johannesburg, adding a new furnace and production lines. The investment more than doubles capacity and has created over 150 direct jobs.
Menzies Distribution secured a multi-year extension of its distribution contract with aluminium packaging maker Ball Beverage Packaging UK, including 30 new longer semi-trailers over the next 12 months.
Jamestrong Packaging is adding a new aluminium casting line at its Taree, NSW facility to make slugs for aerosol cans, with a reported investment of AUD 6 million. The line is planned for commissioning by October 2023 and will create 12 ongoing jobs.
Mondi's Turkish corrugated subsidiaries Mondi Tire Kutsan and Mondi Olmuksan merged into Mondi Turkey Oluklu Mukavva, effective 30 September 2022. The announced merger operates nine corrugated plants, a containerboard mill in Tire and a waste paper facility in Adana.
Canadian packaging distributor Wolfpack Packaging Inc. has acquired Supreme Packaging, with the official announcement made on June 30, 2022, adding new leadership, supply chain and sales talent.
Green Bay Packaging Inc. acquired Interstate Packaging Corp., a corrugated products manufacturer in Albert Lea, Minnesota, effective June 30, 2022. The facility serves south central Minnesota, southwest Wisconsin, Iowa and eastern South Dakota.
South Africa's Competition Tribunal granted Mpact leave to intervene in the consideration of the intermediate merger between Corruseal Group and Neopak Holdings, both recycled containerboard and corrugated packaging businesses. The order limits Mpact's participation to specified theories of harm.
Shree Arun Packaging (Sapco) invested Rs 20 crore to commission a new 60,000 sq ft factory near Kalyan, moving operations from Mahape and adding Bobst converting machines. The unit became fully operational in March 2022.
German packaging maker Papier-Mettler acquired an industrial building in Moorefield, West Virginia, in May and will invest $48 million to create up to 100 jobs there, its first US production plant.
Symphony Environmental Technologies signed an exclusive three-year supply agreement with Grupo Bimbo for its d2p antimicrobial masterbatch used in bread packaging film in the US, Canada and Mexico. No financial terms were disclosed.
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.
Progroup has broken ground on a new corrugated sheetfeeder plant between Petersberg and Höheischweiler, investing more than EUR 90 million and creating 60 jobs. Production is set to begin in the second half of 2023.
Heineken will build a 1.8 billion peso (about $90 million) can manufacturing plant near its brewery in Mequoi, Chihuahua, Mexico, its seventh in the country. The plant is expected to employ around 120 people after opening.