SCG Chemicals and A.J. Plast will set up a joint venture in Vietnam to produce and distribute biaxially oriented film, with a total capital of 700 million baht, SCG Chemicals holding 45%.
SCG Chemicals, a unit of SCC, will subscribe to 40,560,773 new A.J. Plast shares, about 9.22%, at 17.15 baht per share, totaling roughly 696 million baht, in a private placement.
PiovanGroup has signed an agreement to acquire 100% of the share capital of Doteco SpA, a Modena-based maker of dosing technologies for plastic films. Doteco reported 2019 consolidated turnover of EUR 19.7 million.
Advanced Barrier Extrusions, owned by Graham Partners, agreed in October 2020 to acquire Berry Global's U.S. flexible packaging converter business for $140 million. The business comprises six printing and laminating facilities and will operate under the ABX name.
Packaging converter ALPLA has acquired an Amcor facility in Alandi, near Pune in Western India, that produces PET bottle preforms, and will take over all 50 employees. The site becomes ALPLA's ninth location in India.
Shareholders of Montreal-based sustainable packaging provider IPL Plastics agreed to the company's sale to an affiliate of Madison Dearborn Partners, reported September 29, 2020.
Mauser Packaging Solutions, through its joint venture NCG-Maider, acquired Italian reconditioning firm EuroVeneta Fusti (EVF), expanding its IBC and plastic packaging services in Italy, as announced September 10, 2020.
BEWiSynbra Group AB acquired BEWi Drift Holding AS for NOK 400 million, paid NOK 100 million in shares and NOK 300 million in cash. The deal was announced on August 17, 2020.
Indorama Ventures agreed to acquire IMP Polowat, a PET recycling business with two sites in Bielsko-Biala and Leczyca, Poland, with combined capacity of 23,000 tonnes of rPET flakes and 4,000 tonnes of rPET pellets. Closing is expected in Q3 2020, subject to regulatory approvals.
Lumson, a cosmetic packaging maker, agreed to acquire packaging company Pibiplast from private equity firm Ambienta for €350 million. The deal creates a large European packaging group.
Madison Dearborn Partners funds agreed to acquire IPL Plastics Inc. from shareholders including CDPQ for approximately CAD 550 million on 28 July 2020. CDPQ will keep a minority stake of about 24.9%.
France's Snetor Group acquired plastics distributor Gazechim Plastics, with the deal signed on 27 July 2020 and creating a group with about 300 staff and EUR 1.2 billion in consolidated revenue.
Harrington Industrial Plastics completed its acquisition of Aetna Plastics, a Cleveland, Ohio distributor of plastics and process piping systems, in partnership with Aetna management. Aetna's president Gary Davis is joining Harrington.
Montreal-based TC Transcontinental bought the assets of Enviroplast, an insolvent LDPE film recycler with plants in Quebec and Ontario, for 16.1 million Canadian dollars. The purchase was announced June 16, 2020, and the equipment will supply recycled resin for its packaging production.
Rubix Group acquired 100% of Barlotti S.r.l., a Bologna-based company active since 1981 in thermoplastic processing and technology for food, pharmaceutical, bottling and packaging industries. SCOA advised the Barlotti family, and founder Bruno Barlotti remains as Managing Director.
Canada's Transcontinental made a $1.32 billion offer to purchase Coveris Americas, which operates 21 facilities producing labels and shrink films, to become a major North American packaging company.
Kuala Lumpur-based Creador has reportedly emerged as frontrunner to acquire about 20% of packaging maker Shriji Polymers, including Tata Capital Healthcare Fund's 13% stake, at a valuation of Rs 1,200 crore. The report, dated 13 May 2020, is based on unnamed sources and Creador has signed an exclusivity agreement.
Mutares signed an agreement on 8 May 2020 to acquire certain Cooper Standard sealing and rubber fluid transfer system operations in Poland, Italy, Spain and India, including about 2,500 employees, subject to antitrust approval.
Olympus Partners, through portfolio company Liquibox Corp., completed the acquisition of DS Smith's Plastics extruded products division, which is now named Corplex. Corplex operates seven facilities in France, the UK, Spain, Slovakia and the USA.
The US Federal Trade Commission has approved Silgan's $900 million purchase of the dispenser and tube business of French cosmetics packaging firm Albea, which Silgan expects to add $20 million in annual earnings.
Tank Holding, North America's largest rotational molder, acquired Meese Inc., a maker of bulk laundry carts and material handling bins, from parent Tingue Brown & Co. The deal includes rotational molding facilities in Madison, Indiana and Ashtabula, Ohio.
Huhtamaki has completed the acquisition of the remaining shares of its Brazilian joint venture Laminor S.A., a tube laminate maker, for approximately EUR 30 million. The business is consolidated from April 1, 2020.
Barlotti Srl, a 30-year-old industrial distributor in Sala Bolognese near Bologna, joined the Rubix Group through its Minetti Spa brand in March 2020. The announcement is dated March 24, 2020.
Logoplaste Group acquired a majority stake in Masterchem, a Polish PET container manufacturer, forming Masterchem Logoplaste led by CEO Piotr Wasilewski, with the deal completed after UOKiK antitrust approval.
Good Natured Products agreed to acquire Shepherd Thermoforming & Packaging, a custom thermoforming provider in Brampton, Ontario, for C$9.5 million. BDC is providing financing, including a C$6 million mortgage for the real estate, and the deal is expected to close in May 2020.
Argand Partners, LP acquired Midwest Can Company and Container Specialties, Inc., makers of portable fuel containers and blow-molded plastic containers, based in Franklin Park, Illinois. No financial terms were disclosed.
Nautic Partners completed its acquisition of Harrington Industrial Plastics, a distributor of corrosion-resistant fluid conveyance, control and measurement products, in partnership with its management. Harrington was founded in 1959.
BEWiSynbra Group agreed to acquire 75 per cent of the shares in Dutch recycling company De Wijs-van Loon BV, including its subsidiary Poredo BV, which recycle expandable polystyrene in southern Netherlands. The price was not disclosed.
TriMas signed an agreement to acquire the Rapak brand, bag-in-box product lines and assets from Liqui-Box after Liqui-Box completes its purchase of DS Smith's Plastics Division, including facilities in Indianapolis, Union City and the Chicago area.
AR Metallizing, a Nissha subsidiary, completed its acquisition of the paper coating side of Eurofoil in Berlin, excluding the aluminium foil operation. The deal adds metallized paper capacity and direct food-contact packaging products.
Gryphon Investors signed a definitive agreement to make a strategic investment in Pacur LLC, a supplier of extruded PETG sheet for medical device packaging based in Oshkosh, Wisconsin. Terms were not disclosed and the founding family and management will remain owners.
Fedrigoni has completed its acquisition of the Ritrama group, an Italian multinational specialising in self-adhesive products.
Italy's Enoplastic and France's Sparflex agreed a strategic merger to create a global leader in wine and spirits closures, with 13 production sites in 6 countries and a commercial presence in more than 90 countries. Investment firm Cobepa and the Moglia and Soutiran families remain shareholders.
Agencja Rozwoju Przemyslu bought shares in ZPO Opakomet Lowicz and Opakomet Krakow for over PLN 18 million, a first step toward forming the Polish Packaging Group Opakomet through a merger of the two companies.
US packaging firm Sonoco acquired Thermoform Engineered Quality (TEQ) and Stevenage-based Plastique Holdings from ESCO Technologies for about £145 million ($187 million).
Logoplaste Group signed an agreement to acquire a majority stake in Polish PET container manufacturer Masterchem, with the founding family keeping a significant minority stake. Closing is expected in Q1 2020, subject to regulatory approvals.
Trioplast Group signed an agreement on November 22, 2019 to acquire Dutch plastic film maker Apeldoorn Flexible Packaging (AFP) from JPF Netherlands BV, part of B.C. Jindal group. The transaction is subject to regulatory approvals.
Sonoco signed a definitive agreement to acquire Thermoform Engineered Quality (TEQ) from ESCO Technologies for approximately $187 million in cash. TEQ makes thermoformed packaging for healthcare, medical device and consumer markets, with facilities in the US, UK and Poland.
Huhtamaki agreed to acquire 70% of Everest Flexibles, a private flexible packaging manufacturer in Durban, South Africa, at an enterprise value of EUR 58 million. Sellers will hold 30% of Huhtamaki's South African activities through a joint venture; completion is subject to competition approval.
Refresco acquired AZPACK, a contract manufacturer of bottles and containers for the food and beverage industry headquartered in Tempe, Arizona, on November 14, 2019. Terms were not disclosed.
German group Continental completed the takeover of Merlett Tecnoplastic, a Daverio, Italy plastics manufacturer with about 510 employees, which becomes part of its ContiTech division. The handover ceremony was held in Varese on 9 November 2019.
Austrian packaging maker Alpla acquired Spanish HDPE recycling companies Suminco and Replacal, entering HDPE recycling. Alpla has set aside EUR 50 million for its recycling expansion; the deal value was not stated.
Canadian packaging firm GELPAC acquired WBC Extrusion Products of Haverhill, Massachusetts, a maker of single-use blown polymer films, as announced by advisor Woodbridge International. The deal strengthens GELPAC's North American position.
Berlin Packaging agreed to acquire Netherlands-based Novio Packaging Group, which has about 160 employees and operations across northern Europe, adding plastic and glass packaging capacity. The deal was announced on 29 October 2019 and the value was not disclosed.
Orienta Partners, an investor in Italian SMEs, acquired 100% of Virosac, a leading Italian producer of waste and food storage bags based in Pederobba, from private equity fund Alto Capital III and DVR Capital. Virosac had 2018 revenue of 39.7 million euros.
Private investment firm Graham Partners acquired VPET Plastics, a PET packaging producer headquartered in Fontana, California, announced to customers on October 2, 2019.
Quadpack acquired Louvrette, a German injection-moulding maker of skincare packaging jars, adding 8,500 m2 of manufacturing facilities and 40 injection-moulding lines. Financial terms were not disclosed.
Huhtamaki agreed to acquire a 70% majority stake in privately owned flexible packaging maker Everest Flexibles in Durban, South Africa, at an enterprise value of EUR 58 million. Everest has annual net sales of about EUR 40 million and about 420 employees.
Consolidated Container, through its Altium Packaging Canada business, acquired Quebec-based Plastique Micron and its affiliates IMBC Blowmolding and Les Produits de Plastique Action. The exact date was not given in the article.
Envases USA, a subsidiary of Mexico's Envases Universales Group, acquired Merrimack Valley Plastics of Methuen, Massachusetts, a PET bottle manufacturer. The former owners will remain with the company in their current roles.