Private credit funds are reportedly preparing up to $2.5 billion of financing for a possible sale of US packaging firm Trivium Packaging, which owners Ardagh Group and Ontario Teachers' Pension Plan are exploring.
Fortis, a printed packaging solutions provider backed by Harvest Partners, acquired the print division of MASA Corporation. The article gives no value or location.
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.
ProAmpac, a US flexible packaging company, announced the acquisition of UP Paper, a North American recycled kraft paper producer based in Manistique, Michigan. Financial terms were not disclosed.
Mondi completed its acquisition of the Hinton Pulp mill in Hinton, Alberta, which was announced in February 2024. The company celebrated the completion with local officials and employees on March 20, 2024.
ProAmpac signed a definitive agreement on March 13, 2024 to acquire Gelpac, a producer of multiwall paper and poly-woven packaging with six facilities in the US and Canada, from an investor group led by NAMAKOR Holdings.
UK packaging company Mondi reached an agreement in principle on a potential all-share offer for rival DS Smith valued at £5.14 billion, with Mondi shareholders owning 54% of the combined group.
Novacap has acquired Alliance Labeling Inc., an Oakville, Ontario provider of ancillary packaging and warehousing solutions with engineering capabilities. The deal aims to expand Alliance's presence in Ontario, Quebec, Canada and the US.
Verallia has agreed to acquire Vidrala's Italian glass container business, with its single site in Corsico near Milan, for €230 million enterprise value, financed by external debt; completion is expected in Q2 or Q3 2024.
Graphic Packaging agreed to sell its Augusta, US bleached paperboard manufacturing facility to Clearwater Paper for US$700 million, based on about US$100 million Adjusted EBITDA. The deal is subject to regulatory approvals and expected to close in Q2 2024.
Welch Packaging acquired Innovative Packaging Solutions, a corrugated manufacturer in York, PA, expanding its footprint into the Mid-Atlantic. Terms were not disclosed.
Jamestown Container Companies agreed to acquire the packaging business of Midwest Box Company in Cleveland, Ohio, effective February 19, 2024. Terms were not disclosed, and Midwest Box will operate as a division of Jamestown Container.
Constantia Flexibles agreed to buy about 57% of Aluflexpack AG from Montana Tech Components and Xoris, and will launch an all-cash public tender offer for the remaining shares, subject to regulatory approval.
Logson Group, headquartered in Coalville, acquired East Sussex-based corrugated packaging manufacturer Challenge Packaging Ltd, which operates from a 10,000 sq m site near Hailsham.
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 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.
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.
Koerber has acquired a majority stake in Rondo-Pak LLC, a New Jersey printing and pharmaceutical packaging company it previously ran as a joint venture since 2015. The acquisition took effect on 1 February 2024 and Rondo-Pak will operate under the Koerber brand.
Spanish packaging group Salinas Packaging Group acquired the folding carton activity of Madrid-based Arteos Digital. The deal is part of Salinas's strategic investment plan launched in 2020.
US thermal laminates distributor Nobelus acquired the film division of McKinleys Group, announced on 1 February 2024.
Mauser Packaging Solutions completed the acquisition of substantially all assets of Consolidated Container Company, a maker and reconditioner of industrial containers, on February 1, 2024, for $56 million in cash. The target has facilities in Minneapolis, Minnesota and Kansas City, Kansas.
NPP Packaging Systems Holdings completed its acquisition of Active Packaging Holdings NI Limited on 31 January 2024, with BHSM LLP advising.
Antalis has signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer with three distribution sites in Latvia, Lithuania and Estonia. The deal is subject to approval by the Latvian competition authority. Pakella has about EUR 15 million turnover and 60 employees.
Israeli bag-in-box maker Aran Group is acquiring a majority stake in IBA Germany, a maker of flexible IBCs based in Luhne, Germany. The deal aims to open new markets and strengthen Aran's presence in Europe.
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.
McLaren Packaging has acquired Bathgate-based protective packaging maker Glenhaze Ltd for an undisclosed sum. The Bathgate premises and all 25 employees are being retained.
Unicorr Packaging Group acquired corrugated packaging producer TriState Container Corporation, which operates three facilities in the Philadelphia area. The transaction closed in October 2023 and was announced January 24, 2024.
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.
France-based Sleever, a shrink sleeve labelling and equipment maker, has taken a majority stake in Helios Packaging, a sleeve technology firm in Wommelgem, Belgium. Financial terms were not disclosed.
DRT Holdings announced the purchase of U.S.-based Custom Machining Corporation for an undisclosed sum; CMC joins DRT's Metal Packaging Systems segment, which makes rotary end coating systems for metal packaging.
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.
SupplyOne, the largest independent US corrugated packaging supplier, acquired Crownhill Packaging, a Toronto-headquartered North American packaging distributor with four locations in Canada and the US. It is SupplyOne's first international acquisition.
Global packaging company TricorBraun announced it has acquired Germany-based glass packaging provider Glassland, expanding its German glass packaging business. The announcement was made on January 9, 2024.
UK-based premium packaging provider CJK Packaging acquired eco-friendly food packaging and partyware company WF Denny to expand its premium and sustainable product range. The financial terms were not disclosed and the deal was reported on January 8, 2024.
Hood Container Corporation has acquired the corrugated packaging business of Sumter Packaging Corporation, including its Sumter, South Carolina operations and its Statesville, North Carolina facility.
One Rock Capital Partners has completed its acquisition of flexible packaging maker Constantia Flexibles from Wendel, Maxburg Capital Partners and other shareholders.
Mondi intends to buy DS Smith, according to a Pack aktuell news roundup. The headline gives no date, so the article date is used.
Constantia Flexibles is taking over Aluflexpack, according to a Pack aktuell news roundup. The headline gives no date, so the article date is used.
Trioworld Group signed an agreement on December 30, 2023 to acquire Wentus GmbH from Clondalkin Group, which was owned through Egeria. MP Corporate Finance advised the seller on the sale.
H.I.G. Capital portfolio company SIAT Group bought a 50% stake in US-based Combi Packaging Systems from 3M, with terms undisclosed.
Taerim Paper, an affiliate of Global Seara Group, signed a stock purchase agreement with Morgan Stanley PE to acquire Jeonju Paper and Jeonju One Power for about KRW 650 billion.
Atlas Packaging Inc. has acquired Republic Packaging of Florida in Miami, adding wood crating and expanded fulfillment services.
India's Competition Commission approved Capripack BidCo's acquisition of sole control of flexible packaging producer Constantia Flexibles, announced 13 December 2023. Capripack is indirectly owned by funds managed by One Rock Capital Partners, and the seller is Constantia Lux, linked to Wendel Group.
NOVA Infrastructure acquired A&R Bulk-Pak, a South Carolina provider of contract packaging, transloading and warehousing for the petrochemical industry. No financial terms were disclosed.
Smurfit Kappa and WestRock announced a transaction to combine into Smurfit WestRock, a global sustainable packaging leader with combined adjusted revenue of about $34 billion. The combined company will be domiciled in Ireland.
Van Genechten Packaging has acquired 100% of its UK joint venture with CartonCare Group, a printed folding carton maker based in Northern Ireland with a combined turnover of EUR 30 million. The deal brings VGP to 12 sites in 9 countries.
Orora has completed its acquisition of Saverglass, the glass packaging maker, according to the article headline. Details of the transaction were not available in the text.
Amcor Flexibles' Indian subsidiary is set to acquire Essel Propack's 100% owned Packaging India Pvt. Ltd, a flexible packaging maker with plants in Tamil Nadu and Uttarakhand, for full cash consideration with an enterprise value of Rs 165 crores.
MAX Solutions, a packaging manufacturer, and Walker SCM, a transportation and logistics company, formed Unity Solutions, a joint venture offering turnkey packaging, fulfillment and logistics solutions with manufacturing and fulfillment facilities in logistics hubs.