RPC Group announced the acquisition of Nordfolien GmbH for €75 million, adding polythene film production with sites in Germany and Poland to its bpi flexibles business. Completion is subject to German and Polish competition clearance.
RPC Group plc ended merger talks with Bain Capital and gave Apollo Global Management more time to make a firm takeover offer for the European plastics packager.
Indorama agreed in late December 2018 to acquire an Alabama PET recycling facility from Custom Polymers, with combined annual capacity of 31,000 tons.
Indorama agreed in late December 2018 to acquire Invista's 282,000 metric-ton-per-year PET operation in Gersthofen, Germany, which makes industrial fibers and packaging resins.
US engineering products maker TriMas agreed to acquire Plastic Srl, an Italian manufacturer of caps and closures, for an undisclosed sum. Plastic Srl will become a wholly owned division of TriMas' Rieke business on completion in the first half of 2019.
Malaysian packaging services firm Scientex agreed with several vendors to acquire a 42.41% controlling stake in Daibochi for MYR222.5 million ($53.11 million), subject to a conditional share sale agreement.
Indorama Ventures (IVL) acquired a 74% share of Egypt-based PET preforms maker Medco Plast, which has annual capacity of 70,000 metric tonnes. The deal was reported on 15 November 2018.
US packaging material maker Tekni-Plex has acquired Beyers Plastics from Famo, according to the article.
Reid Canada, a subsidiary of Consolidated Container Company, acquired plastic bottle makers Polybottle Group and Humberline Packaging from ABC Group, with plants in Toronto, Vancouver and Edmonton. Terms were not disclosed.
Sinclair & Rush, through its VisiPak division, completed the acquisition of thermoform packaging maker MasterPac Corporation of St. Louis, Missouri, expanding VisiPak's thermoforming capacity. Production continues at existing MasterPac sites.
B.C. Jindal Group, a specialty packaging film maker, acquired Treofan Europe, a manufacturer of biaxially oriented polypropylene films. Financial terms were not disclosed.
Rohrer Corporation, a ShoreView portfolio company, acquired Transparent Container, a Addison, Illinois maker of retail packaging with more than 400 employees and six locations. The deal adds thermoforming capacity to Rohrer's packaging business. It was announced on October 1, 2018.
Oxy Capital agreed to take an 80% stake and operational control of Italian flexible plastic packaging maker Gruppo Manuli Stretch, with Credito Fondiario providing a 12 million euro super-senior loan. The group will be renamed Gruppo M Stretch.
BASF plans to acquire Belgian chemicals company Solvay's worldwide polyamide business. The deal is under EU merger review, with the deadline extended to January 11, 2019.
Amcor and Huhtamaki are reportedly in preliminary talks with the promoters of Essel Propack to acquire a controlling stake in the Indian laminated tube maker. Morgan Stanley is handling the sale, according to unconfirmed reports.
IntraPac International, a North Carolina rigid packaging manufacturer, acquired Quality Plastics, an Arizona-based maker of extrusion blow molded plastic containers. The deal was announced on September 24, 2018.
Blue Wolf Capital portfolio companies Pearl Technologies and TGW Holdings merged to form Edge Industrial Technologies, a machine knife, blade and packaging manufacturer headquartered in Wilder, Kentucky, with plants in England, the US and India.
RPC is in preliminary talks with two major private equity firms over a possible sale of the plastic packaging company.
BEWiSynbra Group has entered agreements to acquire BEWi Produkter, BEWi Polar (together BEWi Norway) and BEWi Automotive, partly paid in new shares and partly in cash. Completion is subject to financing and shareholder approval.
RPC Group, a European plastic packaging maker, confirmed it is holding discussions with private equity firms Apollo Global Management and Bain Capital about a possible sale of the company.
RPC sold its foodservice business, Letica Corporation, to US-based Graphic Packaging International for $95 million (£74 million).
RPC bpi recycled products has acquired PLASgran, a UK rigid plastics recycler, in a £34.5 million deal.
Plastic product maker Transcendia has completed its acquisition of Precision Poly, a flexible packaging and blown film bag provider, from Spire Flexpack.
Australian packaging company Amcor is reportedly in advanced talks to acquire U.S. rival Bemis, which had a market value of about $4.20 billion; a deal could be announced as soon as the following week.
Amcor agreed to buy Wisconsin-based Bemis in an all-stock, cash-free transaction valued at about US$9.2 billion, announced in August 2018, creating the largest flexible packaging company.
Private equity firm Lindsay Goldberg acquired packaging maker COVERIS Rigid from Coveris and Sun Capital Partners, and the company will be rebranded as PACCOR. COVERIS Rigid has 18 plants and 3,500 employees in Europe and the USA. The deal was reported on 2018-08-01 and no deal value was disclosed.
Pretium Packaging has acquired Cox Container, a manufacturer of HDPE containers in Alabama, USA, on a 13-acre site. The deal is Pretium's fifth acquisition in four years and raises its manufacturing locations to 17.
Indorama Ventures has agreed to acquire Sorepla Industrie S.A., a French plastics recycler with a combined capacity of 52,000 tonnes per year and 58 employees. The deal expands its food-grade rPET supply in Europe.
Wendel granted Aptar Group exclusivity to finalize the sale of CSP Technologies, a specialty protective packaging maker, at an enterprise value of $555 million, about 13 times adjusted EBITDA. Closing is expected in Q4 2018.
Montréal-based Transcontinental acquired the Americas flexible-packaging business of Coveris Holdings, a Chicago-based plastics products manufacturer owned by Sun Capital, for $1.72 billion.
Reid Canada, a subsidiary of Consolidated Container Company, has acquired the assets of Deltapac Packaging, a Montreal maker of plastic bottles for the specialty chemical, cosmetic, food and pharmaceutical industries. Terms were not disclosed.
Tekni-Plex acquired the healthcare packaging, performance lidstock, induction seal and specialty lamination businesses of Oracle Packaging of Winston-Salem, N.C. These lines will join its Tri-Seal business.
Pro-Pac Packaging Group agreed to acquire Polypak, an Auckland soft flexible packaging manufacturer and distributor, for NZ$8.8 million. The North Harbour plant employs 28 people.
ASX-listed Pro-Pac Packaging Group agreed to buy Victoria-based flexible packaging maker Perfection Packaging for $49.8 million, funded by a capital raising. The factory in Dandenong South employs 100 people.
Groupe Guillin's UK subsidiary Sharpak Bridgwater signed an exclusive agreement to acquire Etimex Primary Packaging's British CPET packaging production and sales business, with a closing expected by end of September 2018. The business has annual revenue of about EUR 6 million.
Indorama Ventures and India's Dhunseri Petrochem formed a 50:50 joint venture to acquire up to 50% of Egyptian Polyester Company (EIPET) and restart its 540,000 tonne/year PET plant in Ain Sokhna, Egypt. Financial details were not disclosed.
Private equity funds managed by L Catterton and Ambienta sgr will take control of Pibiplast, a cosmetics and personal care plastic packaging maker based in Correggio, Italy. The Bosi family will retain a minority stake. The deal value was not disclosed.
RWC has acquired John Guest Holdings Ltd, a UK maker of plastic push-to-connect fittings and pipe with three UK manufacturing facilities. The deal was announced on 4 June 2018 and no value was stated.
Brazil's competition authority CADE approved a merger control agreement allowing Tredegar to sell its Brazilian flexible packaging business Terphane to Oben Group. Closing is planned for November 1, 2024, for a base consideration of $116 million.
Sirane acquired flexible packaging manufacturer B&G Products for an undisclosed fee as it expands into bags and pouches, reported on 3 May 2018.
Tekni-Plex acquired Dunn Industries, a maker of specialty extrusion tubing for medical devices, complementing its Natvar microextrusion tubing business.
Weener Plastics acquired Proenfar, a Latin American packaging company with four plants in Colombia, Argentina and Mexico, under an agreement signed April 23, 2018. The price was not disclosed.
AST Kunststoffverarbeitung took a majority stake in EuroMouldings Packaging in Nijverdal, Netherlands, adding compact plastic bottles to its range; AST plans about 30 million euros of investments in 2018.
One Equity Partners Europe signed an agreement to acquire Walki Group, a Finland-based technical laminate and protective packaging material producer, from Finnish private equity firm CapMan Buyout.
Germany's NORMA Group SE agreed to acquire Kimplas Piping Systems Ltd, a Nashik-based maker of fittings, valves and micro-irrigation equipment, for an undisclosed amount. The deal was agreed on April 6, 2018 and is expected to close by mid-2018.
ProAmpac, a portfolio company of PPC Partners, acquired Pactech Packaging, which manufactures flexible packaging such as pouches, bags and liners with zippers and spouts. Its products serve government, military, aerospace and automotive supplies.
Consolidated Container Co. acquired the assets of PolyCycle Solutions, a manufacturer of large-format plastic water containers in Irwindale, California, from DS Services of Lakeland, Florida. The deal expands CCC's large-format water production.
Hengan subsidiary Hengan Mega Jumbo Investments plans to acquire a 100% stake in Sunway Kordis Holding from Starmix for CNY 145 million ($23.05 million).
Bain Capital Private Equity announced the acquisition of World Wide Packaging LLC, a provider of cosmetic packaging components and plastic tubes. Bain also agreed to buy a Chinese cosmetics packaging maker and plans to merge the two companies.
Constantia Flexibles Group agreed to acquire a majority shareholding in India's film-based laminates producer Creative Polypack for an undisclosed fee, as reported on 28 March 2018.