Clearlake Capital Group agreed on March 8, 2022 to acquire Intertape Polymer Group in an all-cash deal at CDN$40.50 per share, valued at about US$2.6 billion including net debt. IPG will become privately held after completion.
Stevanato Group's subsidiary OMPI of America agreed with BARDA, a US government agency, to receive up to about $95 million to expand planned vial manufacturing capacity in Fishers, Indiana. The aim is to strengthen US national defense and public health readiness.
Zerhusen Kartonagen is building a second plant in the Niedersachsenpark industrial area in Rieste, with a 15,000 square metre production hall and about 50 jobs, with construction starting in autumn and operation planned for summer 2023.
Hébert Group became a PulPac licensee and will install the PulPac Modula Dry Molded Fiber production platform at PulPac's facilities in Orgelet, eastern France, this summer.
Packaging company R-Pac International has entered a strategic partnership with U.S. private equity firm American Securities, with affiliates investing to support growth and global expansion; the amount was not disclosed.
Multivac has started a production hall extension of about 5,000 square metres at its Bozhurishte, Bulgaria site, costing around €5 million, with completion planned for fall 2022.
Axium Packaging has moved its headquarters and subsidiaries Acti Pack and Loire Plastic Industrie into a 22,000 sqm facility near Saint-Etienne, France, after a €16 million, six-month fit-out. Production capacity is reported to rise by 15%.
Coveris has installed a five-layer coextrusion extruder at its Montfaucon plant in France to increase capacity for shrink and stretch hoods with recycled content. The equipment was recently acquired and the site was redesigned to accommodate it.
Schumacher Packaging obtained a majority interest in the Kaierde board mill in Delligsen, Lower Saxony, raising its solid board capacity at the site from 50,000 to 75,000 tons per year. The deal is part of a 700 million euro investment programme to 2025.
Smurfit Kappa announced an expansion of its Nuevo Laredo, Tamaulipas plant with installation of a first corrugator in the state, creating 50 jobs. The article gives the investment as 26.3 million dollars in the body but 23.6 million in the headline.
Pactiv Evergreen reported in its Q4 2021 results a recent agreement to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan. The article gives no buyer, value or exact signing date.
Brazilian group Klabin will invest R$188 million at its Horizonte facility in Ceará state to add 80,000 tons per year of capacity from 2023, mainly serving the Northeast fruit market.
Wilkins Group has started work on a multimillion-pound, 50,000 sq ft extension of its Nottinghamshire headquarters to increase food packaging production capacity. The firm expects turnover to rise 20 per cent and says the extension could eventually create significant new jobs.
Mondi developed Monocorr Boxes with fully recyclable corrugated inserts for Turkish heating equipment maker Warmhaus, replacing EPS foam packaging. The packaging is recyclable in Turkey and supports Warmhaus exports to the EU.
Bericap SC LLC plans to add several production lines to its Cowpens, South Carolina plant by June 2026 with a $19.7 million investment. The expansion targets North American demand in water, dairy, soft drink and sports beverage markets.
Damm has invested 25 million euros to expand its El Prat de Llobregat factory with an auxiliary building, a can packaging line and tank loading systems. The factory intends to create 50 new jobs during 2022, and the line starts in May.
Ball launched a new production line at its Naro-Fominsk plant in the Moscow Region that can make more than 4,000 can lids per minute. The investment exceeds 1.5 billion rubles, creates about 40 jobs, and is expected to add 1.85 billion lids a year by the end of 2022.
Menasha Packaging Company signed an agreement to acquire the assets of Color-Box, a corrugated packaging business unit of Georgia-Pacific with about 550 employees and plants in Indiana, Mississippi and California. Terms were not disclosed and closing is expected in early summer 2022.
Apollo Global Management agreed to buy a majority stake in packaging maker Novolex Holdings from Carlyle Group, which will keep a minority stake. Bloomberg's headline cites a $6 billion value, although the article text says financial terms were not disclosed.
Trivium Packaging is investing $40 million to install new aluminum impact-extruded can and bottle lines at its Youngstown, Ohio and Itupeva, Brazil plants. The added capacity is expected in 2023 to meet demand from aerosol and beverage customers.
Eastside Distilling's Craft Canning + Bottling has partnered with Canadian Canning Inc. to secure domestically made Crown can supply and offer end-to-end canning services to beverage producers.
Sea Box of Cinnaminson, New Jersey won a federal contract worth $31,092 from the Defense Logistics Agency for containers, packaging and packing supplies, as reported on February 8, 2022.
Austin-based craft beverage packaging maker American Canning signed a long-term lease for a 154,786-square-foot facility at Park 183 in Southeast Austin for a new plant and headquarters. The expansion is planned for 2022.
Grupo Modelo, working with WestRock and Grupo Gondi, is switching from plastic ring carriers to CanCollar Eco paperboard multipack collars in Quintana Roo, Mexico, at an investment of about $4 million. The first phase is projected to eliminate more than 100 tons of plastic waste.
Sealed Air has announced the acquisition of Foxpak Flexibles, a digital-printing flexible packaging firm based in Collon, Ireland with 33 employees. The fee was undisclosed.
Stora Enso is investing EUR 8 million with new machinery at its Hylte, Sweden site to double formed fiber capacity from 50 to about 115 million units annually. The company will also recruit more than ten employees for formed fiber production.
Delmarva Corrugated Packaging has selected Dover, Delaware for a new $91 million corrugated box plant employing 159 people, replacing its New Jersey facility. The plant will have capacity of 75 tractor trailer loads per day when fully staffed.
McKinley Packaging, a subsidiary of Bio Pappell, is building a box manufacturing plant of over half a million square feet on East Pleasant Run in Lancaster, Texas. The more than $35 million facility will add 125 jobs and is scheduled for completion at the end of 2022.
WestRock plans a new corrugated boxing plant in Longview, Cowlitz County, double the size of its current facility, to be built by the end of 2023. The company cites growing demand from regional customers in the Pacific Northwest.
HP acquired Choose Packaging, an Edinburgh developer of zero-plastic paper bottles, for an undisclosed fee. HP will integrate Choose into its Personalization & 3D Printing business.
SEE (NYSE: SEE) announced the acquisition of Foxpak Flexibles Ltd., a privately owned Irish digital-print flexible packaging company with 33 employees, under its SEE Ventures initiative. Terms were not disclosed.
Mondi announced a three-year partnership with the World Food Programme worth US$1 million to improve WFP packaging quality standards while reducing environmental impact. The partnership was first announced in February 2022.
McKinley Paper Company, a subsidiary of Bio PAPPEL, is acquiring 100% of Midwest Paper Group, a Wisconsin containerboard producer with 500 thousand tons annual capacity, from investment fund IOP.
Swiss packaging company SIG Combibloc is acquiring privately held U.S. packaging maker Scholle IPN for an enterprise value of EUR 1.36 billion ($1.53 billion) to strengthen its sustainable packaging position. The deal is to be financed with shares and cash.
Bison Bag Company will add 45,000 square feet to its facility in the Town of Lockport, Niagara County, New York, in a $4 million expansion expected to be completed this fall, with up to 10 new jobs committed.
Mississippi-based Summit Plastics Inc. is acquiring Clear View Bag Co. Inc., expanding its geographic presence and product line.
Fadesa Manta, part of the Vilaseca group, opened a new packaging plant in Manabí province, Ecuador, with an investment of more than $20 million, expected to create over 200 jobs and raise production capacity by 30%.
Crown Holdings announced it will add a new food can production line at its Owatonna, Minnesota plant, adding about 40 jobs. Operations are expected to start in Q3 2022.
Samuel Packaging Systems Group announced on January 26, 2022 an $11.5 million expansion of its 203,300-square-foot production facility in Fort Mill, adding 20 jobs.
Klöckner Pentaplast announced it will add an extrusion line and two thermoformers for 15,000 metric tonnes of new rPET/PET capacity in North America. The site is still to be determined and the expansion is targeted to be fully operational in Q1 2024.
All4Labels Global Packaging Group acquired Limo Labels A/S, the largest label manufacturer in Denmark and a leading label maker in Scandinavia. Limo Labels becomes a subsidiary and its former owners become co-shareholders. Terms were not disclosed.
Norpolim Nordeste Polímeros, part of the Plasvan group, announced a plant in the Manaus Free Trade Zone industrial hub. The investment is R$17 million over three years, with about 100 direct jobs, and production is expected in the first half of 2022 pending approvals.
The BoxMaker began production at a new 62,000 sq ft plant in Lowell, Arkansas, making digitally printed custom corrugated boxes and retail displays, as part of a multimillion-dollar investment that doubles its capacity.
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.
Smurfit Kappa announced an investment of over USD 33 million to expand its Fortaleza plant in Ceará, Brazil, adding a new corrugator, high-end printers and an innovation centre. The announcement was made on 18 January 2022.
Smurfit Kappa plans to invest 300 million dollars to expand its infrastructure and production in the State of Mexico over the coming years, creating more than 1,200 jobs. The announcement was made in January 2022 by Governor Alfredo Del Mazo Maza.
Tetra Pak is investing R500 million to upgrade and increase production capacity at its packaging material factory in Pinetown, KwaZulu-Natal, South Africa. The multi-year upgrade starts in the first quarter of 2022 and will raise local packaging content to 80%.
US manufacturer Jabil will build a consumer goods manufacturing and packaging plant in l'Aldea, Baix Ebre, Catalonia, with an investment of EUR 4 million and an initial 50 jobs that could rise to about 100. The plant is expected to start up in the third quarter of 2022.
Bloomberg reported that US holding company Stone Canyon Industries is considering selling packaging firm Mauser Packaging Solutions for up to $8 billion, with talks with advisers possibly starting in the first half of 2022. No final decision has been made.
Colombia-based Plastilene Group will establish its first U.S. operation in Washington Court House, Fayette County, Ohio, a $47 million sustainable food packaging research and production facility expected to create 58 jobs.