Private equity firm Agile Capital has acquired a significant minority stake in Berry Astrapak, a South African manufacturer of rigid moulded and thermoformed plastic packaging. The article does not state the deal value.
Macfarlane Group agreed to acquire foam protective packaging specialist Polyformes in a £11.5 million deal, reported on 8 July 2024.
SCG Packaging (SCGP) completed the acquisition of a 90% stake in VEM Thailand, a polymer injection molding maker in Rayong, through its Singapore subsidiary for up to Bt146.2 million (US$4m). The deal was announced on 1 July 2024.
Trioworld Group signed an agreement on June 25, 2024 to acquire Sopal SAS, owner of French food packaging companies Palamy and Beaudet et René Jean Emballage (BRJ), through a purchase of all shares. The deal is subject to closing conditions and French regulatory approvals.
Coperion and Herbold Meckesheim will build a PET bottle-to-bottle recycling plant with 5,500 kg per hour capacity for Indian preform maker Magpet Polymer, producing food-contact approved PET pellets.
Indopoly Swakarsa Industry allocated about US$100 million for a capacity expansion of BOPP and BOPET films. It will add two BOPP machines in Purwakarta, Indonesia and Suzhou, China, raising annual capacity from 100,000 to 165,000 tons, and two metalizing machines, targeted to be operational by end-2024.
Walki completed an investment of more than EUR 6 million in a new production line called The Bridge at its Steinfurt plant in Germany, to make recyclable fibre-based barrier board and flexible packaging.
Clearly Clean Products, LLC will build a new manufacturing facility in Greensboro, North Carolina, with a $24.9 million capital investment and at least 80 new jobs. The plant will nearly double its production capacity for recyclable plastic food trays.
Zotefoams has signed a contract with German packaging manufacturer Südpack Verpackungen, which will supply up to 100 million ReZorce beverage cartons annually to scale the innovation.
Refresco is trialling Zotefoams' ReZorce mono-material barrier beverage carton with an unnamed major European retailer, converting a machine for traditional cartons to run the new material. Zotefoams says the carton is fully recyclable and cuts energy and water use by half versus liquid packaging board.
Westlake Pipe & Fittings announced on 23 May 2024 plans to add a 190,000 sq ft facility at its existing Wichita Falls, Texas site to manufacture molecular-oriented PVC (PVCO) pipe. Construction is slated to begin by the end of 2024.
Zotefoams agreed with Südpack in Ochsenhausen, Germany, for Südpack to manufacture the extruded flexible polymer material used in ReZorce cartons, adding up to 100 million cartons of annual capacity. The initial agreement runs three years.
Mondi partnered with Scan Sverige to supply its recyclable polypropylene mono-material WalletPack for the Pärsons brand's sliced ham, salami and plant-based products, in use since March 2024. The development was reported on 17 May 2024.
Dow and Freepoint Eco-Systems agreed a supply deal for an estimated 65,000 metric tons per year of certified-circular pyrolysis oil from a planned Arizona advanced recycling facility, to be used in Dow's US Gulf Coast operations from as early as 2026.
Plastipak Packaging and Kraft Heinz agreed to convert KRAFT Real Mayo and MIRACLE WHIP containers in the United States to 100% food-grade recycled PET, eliminating about 14 million pounds of virgin plastic. The announcement was made on May 13, 2024.
Recyclable packaging maker PakTech has launched local manufacturing of multipack beverage can handles in Australia. PakTech and its partners have capacity to make up to 75 million recycled handles annually in Australia.
PakTech announced a collaboration with Endeavour Group to expand a closed-loop recycling scheme for PakTech handles at Dan Murphy's outlets in Australia. The scheme aims to collect used handles for recycling.
Groupe Guillin acquired a 49% stake in WOBZ Industries and WOBZ Distribution, French makers of personalized reusable cups and containers with 2023 revenue of EUR 10 million and 60 employees.
Packaging maker Venturepak has invested £3m in a new manufacturing facility in Manchester to produce injection-moulded plastic containers for a household brand's ice cream products, previously imported.
Asahi Kasei has broken ground on a lithium-ion battery separator plant in Port Colborne, Ontario, Canada, expected to begin commercial production later. The article is truncated, so the investment value and start date are not stated.
Anduro completed a new 155,000-square-foot manufacturing facility in San Pedro Sula, Honduras, for woven BOPP and flexible plastic packaging. The company says the site more than doubles its capacity.
Alpla Werke Lehner inaugurated a new production and warehouse hall at its Exter site in Vlotho, Kreis Herford, after investing about EUR 30 million in the site's modernisation and new building.
Aptar Closures released the Future Disc Top, a fully recyclable PE closure with a locking mechanism, aimed at beauty products. It is available in several colors and a PCR version.
Packem Umasree, a Brazil-India joint venture, inaugurated its first Indian plant near Ahmedabad on 16 April 2024 to make 100% rPET bottle-based FIBC jumbo bags, with monthly capacity of 600 metric tons and about 700 jobs.
Rengo integrated the packaging solution businesses of SunTox and Mitsui Chemicals Tohcello into a merged company and acquired a 51.0% stake, making it a subsidiary renamed RM Tochello. The company makes polyolefin films and foam-molded sheets.
Manjushree Technopack has signed definitive agreements to acquire the plastics packaging business of Oricon Enterprises (Oriental Containers), a maker of plastic caps, closures and preforms. The deal is valued at INR 520 crore and adds plants in Goa and Odisha, subject to customary conditions.
Plastchim-T now owns 100% of the shares of Manucor, a biaxially oriented polypropylene manufacturer with a production and logistics centre in Sessa Aurunca, Italy, as of 30 April 2024.
Greif, Inc. completed its acquisition of Ipackchem Group SAS, a maker of plastic jerrycans and small containers, from SK Capital Partners and other shareholders for approximately $540 million in cash. The deal was announced October 31, 2023.
Packaging maker LOGOPLASTE has joined the Bottle Collective as technology partner, alongside PA Consulting and PulPac, to accelerate recyclable dry molded fiber bottles. LOGOPLASTE will lead work on bottle barrier lining performance.
EcoPoly Properties Inc. will invest over $32 million to enhance its existing plastics facility in Orillia, Ontario, adding new equipment and automation. The project will create 85 jobs and receives over $3.5 million in provincial funding.
ORBIS Corporation signed a lease-to-own agreement with EPM Partners for 420,000 sq ft of manufacturing space in Greenville, Texas, to produce reusable pallets, totes and bulk containers. The company expects to add more than 190 jobs, with initial operations projected by the end of 2024.
Berry Global's Flexibles division expanded recycling capacity at its facilities in Heanor (UK), Steinfeld (Germany) and Zdzieszowice (Poland), adding about 6,600 tonnes of annual Sustane recycled polymer production.
UK bioplastic firm Kelpi won a contract with fresh fruit company Blue Skies, backed by Waitrose, to develop seaweed-based packaging for fresh-cut fruit, starting with a prototype and a pilot next year in an 18-month project.
Aliaxis plans to invest about €28 million in Australian factories, including a new Toowoomba 2 plant near Brisbane for stormwater drainage products, with production lines starting from Q3 2024.
CKF Inc. will move rPET plastic recycling operations from Delta and a Langley facility into its foam manufacturing plant on 200th Street in Langley over 12-14 months, with about 300 staff expected there.
Quebec company Soleno is constructing its first plant outside Canada in Saratoga, New York, with a $22 million investment to make large-diameter HDPE pipes, expected to open at the end of the third quarter of 2024.
Duni Group increased its ownership of Munich-based reuse company Relevo from 24.51% to 50.02%, consolidating it into its food packaging business area.
Packaging companies Amcor and Berry Global agreed an all-share merger valued at $8.4 billion, creating Amcor plc, with Berry shareholders receiving 7.25 Amcor shares per Berry share.
Belgian company Teblick invested €4.3 million in a new 4,000 m² plant in El Far d'Empordà (Girona), relocating from Vilamalla in January 2024, with 15 workers and a planned gradual expansion.
Belgian packaging group deSter completed the acquisition of the production units of Spanish tableware makers Nupik International and Sky Paper from Dopla, including an automated warehouse in Barcelona, and will operate them as Nupik by deSter.
Berry Global agreed to spin off and merge its Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter in a Reverse Morris Trust deal valuing the combined company at $3.6 billion enterprise value. Berry shareholders will own 90% of the combined company and Berry will receive about $1 billion in cash.
PiovanGroup acquired an additional 1% equity stake in Nu-Vu Conair Private Ltd, bringing its collective holding to 51% and consolidating its position in India's plastics and polymer processing market.
Trelleborg Sealing Solutions has signed an agreement to acquire Baron Group, an Australian-Chinese maker of precision silicone components, to strengthen its healthcare and medical offering. Baron had 2023 sales of about SEK 1,000 million and operates two plants in Australia and two in China.
ALPLA has acquired all shares of Fortiflex, Inc., a Puerto Rico-based packaging manufacturer with plants in Puerto Rico, Costa Rica and the Dominican Republic. The deal was agreed on 22 December 2023 and terms were kept confidential; all 102 employees were taken over.
Valgroup has acquired Mirvi Brasil, a manufacturer of plastic caps located in Cabreuva, Sao Paulo. The deal expands Valgroup's caps business and its beverage market offering.
ALPLA has acquired all shares of Fortiflex, Inc., a Puerto Rico-based plastic packaging manufacturer with production in Puerto Rico, Costa Rica and the Dominican Republic. The deal was contractually agreed on 22 December 2023.
Republic Services' new Las Vegas Polymer Center will supply post-consumer PET flake to Circularix for food-grade recycled packaging. The Polymer Center started up in December 2023 with an estimated 100 million pounds per year capacity.
Circularix signed a supply agreement to source some of its postconsumer PET flake from Republic Services' Polymer Centers. Circularix's Hatfield, Pennsylvania site can produce 55 million pounds of food-grade rPET pellets annually.
Circularix, a producer of food-grade rPET pellets, agreed to source an unspecified portion of its postconsumer PET flake from Republic Services' polymer centers. Circularix operates a Hatfield, Pennsylvania plant and plans a second in Ocala, Florida.
HCI Equity Partners-backed AmerCareRoyal acquired Thermosource Tooling and Manufacturing (TTM), a maker of thermoformed and flexible packaging in El Segundo, California. Financial terms were not disclosed.