HCT announced it has acquired 100% control of HCT Kent Packaging Ltd., a Chinese plant co-founded in 2006 with Taiwanese businessman Kent Lee. The 47,000 square metre facility makes plastic injection-moulded, extrusion-blow and injection-blow moulded packaging for beauty brands.
DBAG Fund VII, advised by Deutsche Beteiligungs AG, will acquire the majority of Cartonplast Group from Stirling Square Capital Partners in a management buy-out. Closing is subject to antitrust approval and is not expected before October 2019.
Berlin Packaging has acquired Netherlands-based packaging supplier Vincap & Adolfse Packaging for an undisclosed value and is merging it with its Bruni Glass division. The deal serves customers across the Benelux region.
SCG's Packaging Business acquired an 80% stake in Visy Packaging (Thailand) from Visy Singapore Investments for about 4,341 million THB, adding thermoformed food packaging capacity.
Deutsche Beteiligungs AG acquired reusable plastic layer pad maker Cartonplast, headquartered in Dietzenbach, from financial investor Stirling Square Capital Partners, with management participating under the new ownership.
Deutsche Beteiligungs AG will co-invest about EUR 26 million alongside DBAG Fund VII, which takes a majority stake in Cartonplast Group GmbH from Stirling Square Capital Partners in a management buy-out. Closing is not expected before October 2019.
SK Capital agreed to acquire the Performance Products & Solutions business of PolyOne Corp in a deal valued at about $775 million. The deal is expected to close in the fourth quarter.
Induplast SpA, a Bolgare-based maker of cosmetic packaging, acquired Vexel Srl, combining injection and blow molding capabilities and product catalogs. Vexel's founders keep a minority stake and their operational roles.
Paccor acquired a majority stake in EDV Packaging, a Barcelona-founded maker of high-barrier rigid plastic packaging for food, with founders keeping a minority stake. DC Advisory was exclusive financial advisor to the shareholders. The deal was signed and completed in July 2019.
Arsenal Capital Partners of New York agreed to buy the controlling interest in Little Rock-based Revolution, a plastics bag and recycling maker with over 800 employees and plants in Arkansas, California and Texas. The price was not disclosed. Arsenal plans to fund new collection, washing and recycling plants.
US company Tekni-Plex acquired Lameplast, an Italian maker of plastic pharmaceutical packaging, from private equity firm Aksìa Group for an undisclosed amount. Lameplast employs 130 people at Rovereto sul Secchia and joins Tekni-Plex's film business.
PiovanGroup finalized the acquisition of ToBaPNC, a South Korean company that automates industrial processes for plastics, especially plastic powder transport. The deal expands Piovan's presence in South Korea.
BGF, through subsidiary BGF Eco Bio, signed an agreement to acquire a 77.01% stake in KBF, a Korean maker of biodegradable foam plastics based in Hwaseong, Gyeonggi. The deal marks BGF's entry into the eco and bio materials market.
Berry Global completed its acquisition of RPC Group Plc for a purchase price of about $6.5 billion, creating a global plastic packaging leader with over 290 locations and about 48,000 employees.
Amcor signed a binding agreement to sell three former Bemis flexible packaging plants in the UK and Ireland to investment firm Kohlberg & Company for US$394 million cash, a divestment required by the European Commission. The plants generate about US$170 million annual sales.
Italian packager AMB has acquired TDX (Europe), a provider of PET, RPET and laminated rigid films, including its product design, prototype and tooling business. The deal expands AMB's European footprint, with the combined group having four sites in Europe and 430 employees.
Genstar-backed Tekni-Plex acquired three manufacturing facilities from Amcor's flexible packaging business in Madison and Milwaukee, Wisconsin, and Ashland, Massachusetts. No financial terms were disclosed.
Belgian private equity firm Cobepa bought a majority stake in Enoplastic, which makes capsules and caps for bottles in the Varese province of Italy, from the Macchi and Moglia families. Michele Moglia and Samo Kalin will continue to manage the company.
Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass, a fluid management vessel and tank maker, and Diamond Services, an industrial services business. The business will be rebranded Diamond Fiberglass Systems and Services.
Consolidated Container Company has acquired the assets of Sonic Plastics Enterprises, a packaging producer for nutraceutical, health and beauty markets in the mountain west region of the United States.
Novolex and Pactiv Evergreen have signed a definitive agreement to combine into a leading food, beverage and specialty packaging manufacturer. Pactiv Evergreen shareholders will receive $18.00 per share in cash.
Amcor and Berry Global filed the definitive joint proxy statement for their all-stock transaction with the SEC, with shareholder meetings set for 25 February 2025.
Italian transport firm Gruber Logistics took over the transport and logistics activities of Garda Plast, a PET preform and bottle producer, under a Fourth Party Logistics (4PL) contract. The article is dated 25 April 2019.
Epsilon Bidco, an affiliate of Blackstone funds, agreed via a share purchase agreement and mandatory open offer to acquire up to 75% of Essel Propack Limited, signed April 22, 2019 and approved by India's CCI on June 3, 2019.
Amcor entered a binding agreement to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash as part of remedies for its Bemis transaction, with completion expected on 15 May 2019.
Amcor agreed a binding deal to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash to resolve US DOJ concerns over its Bemis merger.
Genstar-backed Pretium Packaging acquired Olcott Plastics of St. Charles, Illinois, a maker of injection-molded beauty and healthcare packaging. It is Pretium's sixth add-on acquisition since Genstar's 2014 investment.
Amcor and Bemis reported further progress toward completing their all-stock transaction, with shareholder documentation filed and Board appointments finalised. The combination is expected to deliver $180 million in pre-tax annual net cost synergies.
Altium Packaging Canada, a subsidiary of Consolidated Container Company, acquired Plastique Micron Inc. and affiliates IMBC Blowmolding 2014 and Action Plastic Products for an undisclosed amount. Plastique Micron has three plants in Ontario and Quebec and about 200 employees.
Cosmetic packaging group Texen took over the flexible packaging business of plastic packaging maker PRP Creation of Oyonnax, France, in February 2022.
Greer, S.C.-based Huntington Foam LLC will acquire the assets of Radford, Va.-based Radva Corp, a supplier of expanded polystyrene and polypropylene protective packaging and an EPS recycler.
Altium Packaging Canada, part of CCC, has acquired Plastique Micron, a plastic packaging business. The article gives no deal value or location.
Berry Global has agreed to acquire UK packaging firm RPC Group for £5 billion ($6.6 billion) in cash and refinancing, with completion expected in Q3 2019.
C-P Flexible Packaging, a portfolio company of First Atlantic Capital, acquired Buffalo, New York-based custom plastic manufacturing and printing firm Flexo Transparent from ORIX Mezzanine and Sidereal Capital Group. No financial terms were disclosed.
Lithuanian recycler AB Plasta acquired Swedish bag and sack producer Rullpack AB from Holtback Group AB and others, expanding its sales and production in Sweden and the Nordic region. The deal was advised by Setterwalls.
Liqui-Box acquired the Plastics division of DS Smith on March 6, 2019. Terms of the transaction were not disclosed.
Berry Global agreed on 8 March 2019 to acquire UK packaging maker RPC Group for £3.2 billion, paying £7.93 per share in cash. The deal remained subject to regulatory and shareholder approvals when reported on 30 June 2019.
The US Federal Trade Commission approved, with conditions, the $1.1 billion bankruptcy sale of M&G USA's unfinished plastic resin factory in Corpus Christi, Texas, to Corpus Christi Polymers LLC.
Funds advised by Triton and a subsidiary of the Abu Dhabi Investment Authority agreed to acquire 100% of IFCO, the reusable plastic container provider, from Brambles Limited in equal shares. Regulatory approvals are pending.
The European Commission approved Amcor's $6.8 billion all-stock merger with US flexible packaging maker Bemis, conditional on divesting Bemis's European medical packaging business with three UK and Ireland plants. Closing is expected in the second quarter of 2019.
Spanish search fund Ariol Capital acquired 100% of Italian plastic and metal packaging distributor Pentapackaging in summer 2018, a deal now disclosed. It is financed with own resources and bank debt, and is part of its portfolio company Repli's growth plan.
Berry Global Group said it is considering a possible cash offer for RPC Group, challenging Apollo Global's £3.3bn bid. Berry is reportedly conducting due diligence and an offer may not materialise.
Technical Precision Plastics has merged its operations with IntraPac International, a specialty packaging company owned by Oncap. TPP has facilities in Mebane, North Carolina and Haina, Dominican Republic.
Alpek Polyester's operational subsidiary DAK Americas has agreed to acquire the Perpetual PET recycling plant of Perpetual Recycling Solutions in Richmond, Indiana, with capacity of 45,000 tonnes of rPET flake per year; financial terms are undisclosed and completion is scheduled for Q1 2019.
Wellcall Holdings and Trelleborg Holding signed a shareholders agreement on 15 January 2019 to form a Malaysian company making composite hose and fittings, with Trelleborg holding 51%. Initial capital is US$2.2 million and completion is expected by year end.
Emsur, the flexible packaging division of Grupo Lantero, has acquired a majority of Russian shrink sleeve producer Eximpack, which it had partly owned for over two years.
Thailand-based Indorama Ventures agreed to acquire German firm Invista Resins and Fibers, including its Gersthofen value-added PET manufacturing facility.
Private equity firm Graham Partners invested in Nuconic Packaging of Vernon, California, a thermoformed PET food packaging supplier, to build a nationwide packaging platform with Tray-Pak and EasyPak. No financial terms were given.
The US FTC granted early termination of Alfa, S.A.B. de C.V.'s acquisition of M&G Resins USA, LLC, a resin producer, on December 21, 2018.
Rohrer Industries, owned by ShoreView Industries, acquired Addison, Illinois-based Transparent Container, a retail packaging maker with more than 400 employees, adding thermoforming capacity. CFI USA acted as sell-side advisor. The announcement was dated 2018-12-13.