Bulgarian packaging maker Ate Plast has started construction of its third plant in the Zagore Industrial Zone in Stara Zagora, aiming to double or triple its printed packaging capacity; the investment, initially planned at 10 million leva, is expected to exceed that and completion is due by year end.
French public buyer Siresco awarded mrnet a EUR 500,000 contract for disposable packaging materials, including film rolls and polypropylene and cellulose food trays, with the award dated 2021-11-22.
Magic Pack (Gruppo Happy) obtained a 13 million euro seven-year loan from Finlombarda and Cassa di Risparmio di Bolzano to fund investments including new production capacity and recycling lines for expanded polystyrene food containers. The plant is in Gadesco Pieve Delmona, Italy.
TCPL Packaging's board approved the acquisition of a 60% stake in Creative Offset Printers Private Limited, a maker of rigid hard boxes for mobile phone makers. TCPL plans to acquire more shares after a planned rights issue.
Atlanta packaging company Battle Copacking plans to invest $13.6 million in a new 128,000-square-foot building at Deerfield Business Park in Mooresville, Iredell County, creating up to 20 jobs. The building is expected to be delivered by the end of the year.
Oliver Inc, backed by Pfingsten, has acquired Professional Image, a maker of custom folding carton packaging and an ecommerce provider of specialty stock packaging and accessories.
Tri-Wall has completed its acquisition of the remaining stake in Rosewood Group, gaining 100% ownership in October 2021, and has rebranded all Rosewood sites under its name in the UK. The deal expands Tri-Wall's UK footprint to six sites.
Novvia Group has acquired Rhino Container Inc., a Chino, California distributor of plastic, metal, corrugated and glass packaging products. Financial terms were not disclosed.
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.
Manjushree Packtek acquired Bengaluru-based Jallan Polypack, a manufacturer of paper cups and plastic lids, in January 2022. The terms of the transaction were not disclosed.
Schumacher Packaging acquired a majority stake in Kartonfabrik Kaierde in Delligsen, Lower Saxony, lifting its solid board capacity by 50% from 50,000 to 75,000 tonnes per year. The deal is part of a €700 million investment program running to 2025.
Following a long-term sales collaboration agreement signed in early December 2021, contract packer Truvant will install a Syntegon TPU paper forming, filling and sealing machine at its contract packaging facility in Poland.
DSS, Inc.'s subsidiary Premier Packaging is nearing completion of a new 105,000 sq ft paperboard packaging facility in Henrietta, NY, near Rochester, with operations expected to begin February 1, 2022.
Stora Enso will invest 23 million euros in its Varkaus packaging board mill in Finland, which will increase the mill's capacity.
Ardagh Group and a Canadian teachers' fund reportedly plan to sell their food and speciality metal cans joint venture Trivium Packaging next year, with Citigroup and Evercore hired as advisers. The enterprise value could exceed $4 billion.
Schumacher Packaging plans to invest around 700 million euros by 2025, including 300 million euros in Germany, to expand corrugated board plants and paper mills and create around 500 jobs.
SupplyOne, the largest independent US supplier of corrugated packaging, acquired Romanow Container, a corrugated and protective packaging maker based in Westwood, Massachusetts. It is SupplyOne's first acquisition in New England.
Sonoco agreed to acquire Ball Metalpack, a metal packaging joint venture owned by Platinum Equity and Ball Corporation, for $1.35 billion in cash. Ball Metalpack is projected to generate about $850 million in 2021 revenue.
Huhtamaki signed two 10-year virtual power purchase agreements with BayWa r.e. covering about 80% of its European electricity use, totaling 200 GWh. The deal supports its goal of 100% renewable electricity by 2030.
Rohrer Corp. purchased Jay Packaging, extending its manufacturing into the Northeast United States. Financial terms and exact locations were not given in the article.
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.
Kampack, a division of National Packaging Group, will relocate its headquarters and build a new corrugated packaging manufacturing facility in the King Mill Distribution industrial park in Henry County, Georgia. The $35 million investment is expected to create 120 jobs.
Jiangxi Tobacco Company's Ganzhou branch named Nanxiong Jinye Packaging Materials Co. as the winning bidder for its 2022-2023 cigarette packaging heat-shrink film procurement, with a winning amount of 2,180,400 yuan.
Pratt Industries broke ground in Henderson, Kentucky, on a $500 million paper mill and box factory complex that will create 321 jobs across two facilities. The box factory is due for completion by 2023.
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.
International Paper announced it will build a state-of-the-art corrugated packaging plant in Atglen, Pennsylvania, employing about 150 people. Construction starts in Q1 2022 with full operation expected in Q1 2023.
Apollo's vehicle Rimini Bidco is closing the mandatory tender offer for Italian cardboard maker Reno De Medici, which follows a July 2021 deal to acquire about 67% stake for over EUR 365 million. The offer closes on Friday December 17, 2021.
WestRock will invest more than $47 million to expand its Claremont manufacturing facility in Catawba County, North Carolina, adding a 285,000 sq ft building and 50 new jobs, supported by a $125,000 One NC Fund grant.
R.R. Donnelley's board accepted a revised proposal from Atlas Holdings affiliates to acquire the company for $10.35 per share in cash, a 21.5% premium, valuing the deal at about $2.2 billion enterprise value.
Ranpak Holdings announced the acquisition of Recycold Cool Solutions BV, a Dutch manufacturer of sustainable cool packs, to expand its cold chain packaging. Recycold products are sold in 14 European countries, and its manufacturing will move into a new Ranpak Netherlands facility expected to open by end of 2022. The announcement is dated December 8, 2021.
TBM Co., Ltd. signed a sales agreement supplying its LIMEX Pellet injection-molding grade to PT. Kemas Indah Maju, Indonesia's largest cosmetic container molding manufacturer. The pellet is used as a substitute for ABS and PP in cosmetic containers. The announcement is dated December 8, 2021.
Stoford and Logicor let the newly completed 108,091 sq ft L108 warehouse at Liberty Park, Widnes, to an international packaging company on a ten-year lease for sustainable packaging production.
Henkel closed its acquisitions of Darex Packaging Technologies, a metal packaging sealants supplier based in Cambridge, MA, for US$1.05 billion, and the Sonderhoff Group, a Cologne-based foamed gasketing and dosing equipment maker, with undisclosed terms.
Kruger Packaging is building a $114 million, 400,000 sq ft packaging plant in Elizabethtown, Kentucky, expected to open in summer 2022 and create nearly 150 jobs.
Caddick Construction has been appointed to deliver a 14,500 sq m factory extension for Smurfit Kappa at Mold Business Park in Flintshire, North Wales, part of a €40 million investment, with completion expected in summer 2022.
New Jersey-based Imperial Dade has acquired Nashville business American Paper & Twine, a supplier of food service packaging and janitorial products. It is Imperial Dade's 44th acquisition since 2007.
International Paper announced a $40 million investment in its corrugated packaging plants in France and Spain, adding new production lines to raise capacity in Europe, the Middle East and Africa by about 10%.
Chile's CMPC agreed to buy three plants and forests of Paraná-based Iguaçu Celulose Papel for R$946 million including debts. The deal gives CMPC entry into Brazil's packaging market as the second-largest paper bag supplier.
Oji Holdings decided to establish a new corrugated container plant in Vinh Phuc province, Vietnam, with planned investment of about JPY 5 billion ($44.2 million) and operations starting July 2023.
Selig Group, owned by CC Industries, has acquired Manufacture Générale de Joints (MGJ), a foam-based liner supplier headquartered near Lyon, France; MGJ will keep operating from its France facility.
Teqal, a maker of injection-moulded rigid plastic packaging, moved into a new 4,000 m² factory and warehouse in Dube TradePort, KwaZulu-Natal, after IDC awarded it a R50m financing facility.
Sagard has entered exclusive negotiations with Capza to acquire EOS Corrugated, a global supplier of cutting counterparts and corrugator belts for corrugated cardboard production lines. The deal was announced on November 30, 2021.
Smurfit Kappa is expanding its Mold Business Park plant in Flintshire with a 14,500 sq m extension, part of a EUR 40 million investment, to become the largest integrated corrugated plant in the UK. Caddick Construction was awarded the build, due for completion in summer 2022.
Sidel installed a high-speed PET water packaging line with 48,000 bottles per hour capacity for Iraqi National for Food's greenfield plant in Baghdad. The line was started up in about six weeks and first bottles reached the market in June 2020.
Schumacher Packaging plans its largest investment program, about EUR 700 million by 2025 with EUR 300 million in Germany, to expand corrugated board plants and paper mills and add renewable energy. The plan aims to create around 500 jobs and lift sales to EUR 1.3 billion by 2025. Reported November 25, 2021.
Showa Aluminum Can agreed to acquire a 20% stake (16,000 shares) in Universal Can Corporation from Hokkan Holdings. Completion is planned for March 31, 2022. The deal was reported November 24, 2021, with no value disclosed.
Atlas Ward Polska started building a production and warehouse plant for Rawibox S.A. in the Jasienicka Low-Emission Economic Zone in Miedzyrzecz Dolny, Lower Silesia, with about 30,000 m2 of floor space. Atlas Ward is the general contractor under a design-and-build contract. Reported November 24, 2021.
Schumacher Packaging plans to invest about €700 million by 2025, including €300 million in Germany, to expand corrugated board plants and paper mills. The program is expected to create around 500 new jobs.