Macfarlane Group agreed to acquire foam protective packaging specialist Polyformes in a £11.5 million deal, reported on 8 July 2024.

Smurfit Kappa completed its acquisition of WestRock, forming Smurfit Westrock, which began trading on the NYSE on 8 July 2024. The deal was valued at nearly $12.7 billion when agreed in April 2024.

Hood Container Corporation agreed to buy the packaging assets of Independent II, LLC, including its corrugated, design and manufacturing operations in Louisville, Kentucky. The transaction is expected to close in the near future.

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.

TOPPAN Holdings and Toyo Seikan signed a letter of intent to form a joint venture in Sweden to manufacture packaging for automotive lithium-ion batteries, with Toyo Seikan holding 51% and TOPPAN 49%. Operations are expected to start in 2026 or later, with about Y11 billion ($68.6 million) planned investment.

Sonoco Products agreed to acquire Eviosys, Europe's leading food can, ends and closures maker, from KPS Capital Partners for approximately $3.9 billion. The deal is expected to create the leading metal food can and aerosol packaging manufacturer globally.

TOPPAN Holdings and Toyo Seikan will sign a letter of intent to set up a joint venture in Sweden making lithium-ion battery packaging for automakers, with Toyo Seikan holding 51% and a planned total investment of about 11 billion yen.

Packaging manufacturer Berkley announced the acquisition of family-owned corrugated sheet plant Sisco Corporation, based in Nashville, Illinois, to expand its in-house corrugated manufacturing.

WestRock stockholders voted to approve the transaction agreement for a combination with Smurfit Kappa, creating Smurfit WestRock. Completion remains subject to conditions, and stockholders would receive one new share plus $5.00 in cash per WestRock share.

Fanti Packaging of Bologna acquired a 60% stake in Ocm Imballaggi of Gruaro, Italy, which makes jars for Illycaffè. The founding D'Agnolo family keeps 30%, and Illycaffè raised its stake to 2%. All 220 employees were retained.

SupplyOne, a Wellspring Capital portfolio company, has acquired Columbia Corrugated Box Co., which operates in Oregon, Washington and Northern California. Footprint Capital acted as exclusive sell-side advisor. The deal was announced June 2024.

Ourjin (002701.SZ) plans a voluntary conditional cash general offer at HK$7.21 per share to acquire all issued shares of COFCO Packaging (00906), with total consideration capped at HK$6.066 billion (about RMB 5.524 billion). The offer is backed by an irrevocable commitment from shareholder Zhang Wei holding about 22% of the target.

CANPACK S.A. plans to absorb its direct shareholder Giorgi International Holdings S.A. R.L. of Luxembourg by the end of 2024. After the merger, CANPACK Group Inc. of the United States will become a direct shareholder of CANPACK S.A.

Smurfit Kappa signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant in Shumen, Bulgaria, that makes bags, films and caps for food and beverage packaging. The deal expands its presence in Eastern Europe.

Welch Packaging, a custom corrugated products manufacturer, acquired Michcor Container Inc., a corrugated box manufacturer in Grand Rapids, Michigan, founded in 1981. Specific terms were not disclosed. The announcement was made on 2024-06-03.

Sonoco agreed to purchase metal packaging maker Eviosys from KPS Capital Partners for $3.9 billion, creating a leading global metal food can and aerosol packaging business. Eviosys is expected to generate about $2.5 billion in 2024 revenue.

Green Bay Packaging Inc. has acquired SMC Packaging Group of Springfield, Missouri, a corrugated packaging company with plants in Missouri, Arkansas and Oklahoma. The transaction closed May 31, 2024 and was announced June 6, 2024.

Dutch cup and takeaway packaging producers CUPSZ and De Jong Ecocups merged under the CUPSZ brand with investment from Detmold Ventures, an affiliate of the Detmold Group.

SPG, backed by Altamont Capital, has acquired Clark Foam, a packaging firm. SPG is a provider of protective packaging products. Deal value was not disclosed.

Bangkok Glass, BG Container Glass and Singha acquired a combined 25.1% stake in Bangkok Can Manufacturing from Toyo Seikan in a deal valued at over THB 499 million.

Gores Holdings V entered a business combination with Ardagh Metal Packaging, which will become a standalone listed company. Ardagh Group will still own about 82% after the deal.

DS Smith is set to sell its De Hoop paper mill in the Netherlands to corrugated packaging supplier De Jong Packaging for GBP43m (US$59m).

Mondi bought 90.38% of Turkish corrugated packaging company Olmuksan, following its earlier plan to acquire the shares from International Paper for US$80.6m.

Kenya's Competition Authority approved Ramco Plexus's acquisition of Platinum Packaging, a flexible packaging film maker jointly owned by Ramco Group and Carton Manufacturers. Ramco Plexus will pay Carton about KES500m (US$4.27m) for its 50% stake.

Vancouver-headquartered Wildpack Beverage agreed to acquire Michigan-based Land & Sea Packaging for US$37.3 million, with all employees transferring to Wildpack. Land & Sea brokers about 90 million aluminium cans a year.

French packaging distributor Antalis signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer in Latvia, Lithuania and Estonia with EUR 15 million turnover in 2023. The deal is subject to approval by the Latvian competition authority.

Imperial Dade Canada, backed by Advent International, acquired Canpaco, a custom packaging company based in Woodbridge, Ontario. The deal value was not disclosed.

US packaging provider TricorBraun acquired NSW-based UniquePak, a distributor of glass packaging for the spirits, wine, pharma and food industries, to expand its ANZ presence. The acquisition was reported on 17 May 2024.

ATS Corporation signed a definitive agreement to acquire Paxiom Group, a Montreal-headquartered maker of primary, secondary and end-of-line packaging machines with about 200 employees and roughly $67 million revenue in 2023.

oceansix future paths, through subsidiary Oceansix S.L., bought the business of Finnish reusable packaging firm Original RePack Oy in exchange for shares and a cash payment, with total consideration of about CDN $2.39 million.

Saica Group reached an agreement with the Bertoldo family to become the major shareholder of LIC Packaging, a corrugated board producer in the Brescia province of Lombardy, Italy. The Bertoldo family will remain in management. The announcement is dated May 14, 2024.

BAKO AS, part of Orkla Food Ingredients, signed and completed the purchase of 70% of Kartonage AS, a family-run cardboard packaging and serving solutions maker in Heimdal, Trondheim; the price was not disclosed.

CCL Industries signed a binding agreement to acquire the remaining 50% stake in its Middle East joint venture Pacman-CCL from partner Albwardy Investment, with closing expected in summer 2024.

SACMI Group announced the sale of its Beverage Business Unit, a maker of beverage filling, stretch-blowing and labeling systems, to Omnia Technologies; the deal is expected to close by the end of summer 2024.

Mauser Packaging Solutions, through subsidiary BWAY Corporation, completed the acquisition of 100% of the voting shares of Taenza, S.A. de C.V., a Mexican manufacturer of tin-steel cans and steel pails.

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.

Breck Partners has acquired food packaging manufacturer NPX One, which is led by CEO Rudy Cuellar. The article gives no deal value or location.

Dow signed an agreement to sell its flexible packaging laminating adhesives business to Arkema, covering five manufacturing sites in Italy, the United States and Mexico. The transaction value is $150 million, and closing is expected by the end of 2024 subject to regulatory approval.

Investment company Lemnos Capital acquired 100% of Cartonajes Limousin, a corrugated cardboard packaging manufacturer in Tolosa, Gipuzkoa, Spain, and plans to expand its product range and regional markets.

Korona Fund IV, managed by Korona Invest Oy, completed its acquisition of a majority stake in Fredman Group Oy on April 18, 2024, after Finnish Competition and Consumer Authority approval without conditions. Fredman focuses on kitchen products and food packaging solutions.

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.

International Paper agreed an all-share deal to buy British packaging firm DS Smith, valuing it at 5.8 billion pounds ($7.2 billion) and outbidding Mondi. DS Smith said it had received proposals from both bidders.

International Paper and DS Smith agreed the terms of a recommended all-share combination creating a global sustainable packaging leader. The transaction value is about $9.9 billion and the deal is expected to close by Q4 2024.

BioPak, an Australian packaging company, announced its acquisition of Australian reusable cup company Huskee to strengthen its circular and reusable product offering.

One Equity Partners announced completion of its sale of Walki Group Oy to Oji Holdings Corporation. Walki is a packaging manufacturer.

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.

Constantia Flexibles plans an all-cash public tender offer to acquire 57% of the shares of Swiss packaging producer Aluflexpack, at an estimated CHF 15.00 to CHF 18.75 per share. Completion is expected in the final quarter of 2024, pending regulatory approvals.

Independent packaging group Zeus has acquired The Weedon Group, an integrated corrugated manufacturer with over 250 staff at sites in Manchester and Staffordshire and revenues above £30 million. The deal lifts Zeus's expected annualised revenues to €560 million.

Private credit funds are reportedly in talks to provide up to $2.5bn of financing for a sale of US metal packaging maker Trivium Packaging, which could be worth more than $3.5bn, according to Bloomberg sources.

Nampak agreed to sell its South African liquid cartons business and its stakes in Nampak Zambia and Nampak Malawi to a consortium of RMB Corvest and Dlondlobala Capital for R450 million.