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Packaging maker Schur Flexibles has been taken over by a consortium of banks and funds including Apollo, Capital Four, Guggenheim and Palmer Square. The restructuring includes a debt haircut of up to 75 percent, about EUR 400 million, and EUR 150 million of fresh capital.
Plastics News reports that Faerch is to acquire Paccor Packaging. The article text provided contains no further details.
Lindsay Goldberg agreed to sell an 80% stake in Austria-based Schur Flexibles Group to B&C Group, retaining 20% ownership, subject to antitrust approvals.
Liveo Research will add 20,000 tons of coating capacity for pharma blister packaging films at its Boetzingen, Germany site, with commissioning expected in Q3 2021 and total capacity above 50,000 tons.
Golden West Packaging Group, a New York-based packaging holding company, acquired Renton, Washington-based Allpak Container, which makes consumer and industrial packaging at facilities in Seattle and Spokane.
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.
Golden West Packaging Group, a holding company backed by Lindsay Goldberg, acquired City of Industry packaging producer Fleetwood-Fibre Packaging & Graphics; terms were not disclosed. The deal was announced February 12, 2018.
Golden West Packaging Group acquired Heritage Solutions, Capital Corrugated, PackageOne and Packaging Innovators Corporation in Northern California. The deal created a West Coast lamination plant, and the group expects annual turnover above USD 250 million.
