US packaging company TricorBraun agreed to acquire PBFY, a California-based flexible packaging distributor, from Pacific Western Sales. The transaction was expected to close later in April 2022.
Caxton subsidiary CTP Limited agreed to acquire Amcor's bag-in-box and pouching operations in Cape Town and its Port Elizabeth operations for a cash consideration of R90 million. The deal adds packaging capacity in South Africa.
Turkish packaging company Perfektüp acquired 100% of the shares of Tubettificio Favia on 5 April 2022, creating an international consolidation. Perfektüp is part of the Bell Holding group.
Caxton and CTP Publishers and Printers, through subsidiary CTP Limited, agreed to acquire as a going concern the Amcor bag-in-box and pouching operations in Cape Town and the Port Elizabeth operations for R90 million cash, subject to competition approval.
Swiss packaging maker Aluflexpack AG has acquired an 80% share in Teko Aluminyum, which produces aluminum for manufacturing and aluminum caps for dairy and beverage sectors. The deal value was not stated.
Elopak and Nippon Paper signed a license agreement under which Nippon Paper will produce and sell Elopak's Pure-Pak liquid food packaging worldwide and introduce it to the Oceania region, particularly Australia and New Zealand.
Leidos Supply awarded packaging and soft consumables supply contracts to DS Smith (£28.5M) and MacLellan Rubber (£830K) for a two-plus-two-year term from 1 April 2022, worth £29.33M in total for the UK Ministry of Defence logistics programme.
Ardagh Metal Packaging submitted a full planning application for a $200 million beverage can plant at Global Point, Newtownabbey near Belfast, expected to create about 160 direct jobs. The plant is planned to be operational in 2023.
Papresa completed the rebuild of paper machine PM5 at its Errenteria mill in Spain, which produced its first jumbo roll of recycled containerboard on 29 March 2022. The machine's capacity rises to 205,000 tpy of testliner and fluting from 135,000 tpy of newsprint.
Saica Pack started up its first US box plant, a 360,000 sq ft greenfield facility in Hamilton, Ohio, in April 2022. It currently runs one shift with 32 employees and targets 140m sqm of corrugated board per year by 2029.
YRG Group, a UK packaging design and reprographics company, announced the acquisition of Spera, an Irish and UK print and packaging origination firm operating in Ireland, the UK and Asia. The deal supports YRG's push into the corrugated industry.
TUBEX Holding GmbH of Rangendingen, Germany acquired Hungarian packaging manufacturer Mátrametál Kft, which produces aluminium aerosol cans and tubes in Sirok. Terms were not disclosed.
Diageo will invest £40.5m to expand packaging capacity at its Belfast and Runcorn sites, including a canning line producing 72,000 cans per hour in Belfast. Construction starts immediately, with capacity expected online in 2023.
Elopak and GLS formed GLS Elopak, a 50-50 joint venture headquartered in Gurugram, India, to make fibre-based aseptic and fresh packaging. Manufacturing will be based in Rewari, Haryana, with a reported value of $35 million.
Cartró opened its second corrugated line in Tepotzotlán, State of Mexico, with an investment of over 600 million pesos. The company says the line doubles its production capacity and creates more than 720 direct and indirect jobs.
Italian packaging company Gruppo Fanti held a groundbreaking for its first US production site in Weirton, Brooke County, West Virginia, investing $30 million to make metal packaging containers and creating 40 jobs.
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.
Rengo Co. acquired 100% of the shares of Takigawa Corporation and its related companies, which become part of Rengo Group's flexible packaging business.
Haskell converted a vacant warehouse in Plainfield, Illinois into the Lincolnway facility for Diageo, with two high-speed can lines capable of 25 million cases of RTD products per year.
Schumacher Packaging is expanding its Greven plant in the Airportpark FMO by about 14,000 square metres, investing around EUR 70 million and creating 200 jobs in 2021/2022. Annual corrugated board capacity at the site rises to 600 million square metres.
Schweitzer-Mauduit (SWM) and Neenah agreed an all-stock merger of equals creating a specialty materials company with about $3 billion in combined revenue, targeting at least $65 million in annual run-rate cost synergies within 24-36 months.
Teqal moved into a new 4,000 sqm factory at Dube TradePort, KwaZulu-Natal, after its 2021 expansion funded by a R50m IDC financing facility, adding energy-efficient servo-driven equipment capable of up to 40 million jars per year.
COFCO Packaging (00906) plans a two-piece can factory in Shenyang with total investment of about RMB 600 million. Phase one is expected to start construction in the first half of 2022 with 1 billion cans a year capacity, and phase two adds 700 million cans a year.
Majesty Packaging Systems built a new facility in Brazil through its subsidiary Majesty America do Sul Embalagens, to be operational by mid-2022, producing actuators, dip tubes and aerosol valves and pumps.
PacTec EPS Ltd was recorded as the award winner of Packaging Lot 3 FC0002 ID4219, a packaging services procurement run by the CTM Portal for the NDA Shared Services Alliance, valued at about £59,500.
Huhtamaki is switching its Alf, Germany site from plastics to smooth molded fiber packaging, adding capacity of up to 3.5 billion fiber products a year. The unit plans to replace more than 2,000 tons of plastic with fiber in 2022.
All American Label & Packaging merged with Western Shield Label and Packaging, a pressure-sensitive label and packaging maker with plants in California, Texas, Ohio and Tennessee. Heartwood Partners supported the merger, announced March 24, 2022.
WestRock held a ceremonial groundbreaking for a $47 million expansion of its Claremont plant, adding 285,000 square feet to grow production of food, food service and beverage packaging, with 50 new jobs expected by end of 2023.
The Competition Commission of South Africa prohibited the proposed acquisition of Neopak Limited by Corruseal Group, finding it would substantially lessen competition in recycled containerboard supply. Ethos Private Equity had agreed to sell Neopak in December 2021 for an undisclosed sum.
Mondi will invest €95 million at its Świecie containerboard mill in Poland to expand production and enhance product quality. The project includes rebuilds of PM2 and PM5, pulp mill upgrades, a recycled fiber line and energy recovery.
Mondi announced a €280 million investment in corrugated packaging, including about €185 million across its central and eastern European Corrugated Solutions plant network to expand production and automation. The investment includes €95 million at its Świecie containerboard mill in Poland.
B2B Industrial Packaging, a GenNx360 company, announced the acquisition of MillerBevco, a packaging supplies company in Shawnee, Kansas. It is B2B Industrial Packaging's 23rd major acquisition.
Cold Chain Technologies acquired Packaging Technology Group, a Fall River, Massachusetts maker of thermally engineered packaging for biotech, biopharma and medical customers, on 2022-03-21. Terms were not disclosed.
Klabin announced on 2022-03-18 an R$188 million investment to expand its corrugated paper packaging plant in Horizonte, in the Fortaleza metropolitan region. Capacity will rise from 20,000 to 100,000 tons per year and about 200 jobs will be created by 2023.
US packaging distributor TricorBraun has acquired UK rigid packaging maker Neville and More, which supplies glass, plastic and aluminum packaging. Financial terms were not disclosed, and all staff will remain.
Artigraf, a corrugated cardboard manufacturer, is installing a new plant in Torreón, Coahuila, investing $7.5 million (possibly up to $10 million over later stages) and creating 250 direct jobs. The 20,000 square meter complex is under construction and expected to start operating in about 10 months.
Cargill will partner with Topeka startup StenCo, a Plug and Play Topeka accelerator graduate, to develop an oxygen-excluding biodegradable packaging barrier for Cargill products.
Keurig Dr Pepper and Cologne-based packaging maker PAPACKS launched a partnership to develop a fully recyclable, compostable paper beverage bottle, with a prototype expected by end of 2022.
Ex-pack Corrugated Cartons downsized its plan for a large corrugated plant after construction costs rose over 40 percent. It bought a land block in Sapugaskanda for Rs.240.62 million and will build a 150,000 sq ft plant there, 2.3 km from its current factory.
Canada Economic Development for Quebec Regions granted O-I Canada Corp. a repayable C$3.5 million contribution to modernize its Montréal glass container plant. The project adds digital production equipment to increase recycled glass use and diverts up to 75,000 tonnes a year from landfill.
The Massman Companies, a packaging machinery maker based in Villard, Minnesota, acquired New England Machinery, Inc., a privately held maker of bottling and packaging line equipment based in Bradenton, Florida. The transaction closed on 11 March 2022 and was announced on 14 March 2022.
Darnel Inc. will invest about $16 million over five years to expand its Monroe, North Carolina plant, including a 60,000-square-foot warehouse and new production equipment, and create about 20 jobs. Union County and the City of Monroe approved incentive grants of up to $352,000 and $320,000.
Medica Packaging, a UK folding carton and leaflet maker based in Crewe, has acquired F.G. Curtis plc of Redhill, Surrey, a folding carton manufacturer serving cosmetics and beauty markets. The deal was financed with support from Harwood Capital and Shawbrook Bank, and the Curtis business keeps its management and trading names.
Contract packer WePack announced the launch of a new vertical form fill seal solution made entirely from paper, reported on 10 March 2022.
Crown Holdings announced it will build a new beverage can facility in Peterborough, United Kingdom, with construction starting Q2 2022 and first production in Q2 2023, employing 280 people.
MM Group signed a EUR 65 million syndicated green loan classified as sustainable, financing the rebuild of a board machine at its Neuss site in Germany.
Berlin Packaging announced on March 7, 2022 its acquisition of United Bottles & Packaging, a Quebec-based distributor of glass bottles and closures for food and beverage markets. All employees and locations will be retained.
Ball Corporation is building a new aluminium beverage can plant of 56,000 square metres at Segro Park Kettering Gateway, UK, expected to produce about 1 billion cans in its first year and create 200 local jobs.
Cameroon's cotton company SODECOTON awarded Multiprint Serigraphie of Douala a contract to supply 750,000 DIAMAOR packaging cartons, worth 410,518,125 FCFA, with delivery in batches over 30 to 75 days. The decision is dated 4 March 2022.
C-P Flexible Packaging, a portfolio company of First Atlantic Capital, acquired privately held Bass Flexible Packaging, which makes stand-up pouches, premade bags and shrink sleeves in Lakeville, Minnesota. Terms were not disclosed.