One Equity Partners (OEP) has officially announced the completion of its sale of Walki Group Oy, a prominent pan-European supplier of sustainable and high-performance packaging and engineered materials, to Oji Holdings Corporation, a leading Japanese paper products technology company. This transaction marks a significant shift in ownership for a key player in the sustainable packaging […]
Macfarlane takes a significant stride in its growth trajectory with the announcement of its latest acquisition, B&D 2010 Group Limited, a leading protective packaging specialist based in the South of England. This move underscores Macfarlane’s strategy to expand its protective packaging domain through a mix of organic growth and strategic acquisitions. B&D: A Specialist Powerhouse […]
Tikehau Capital, a global alternative asset manager, has acquired a 25% stake in Brandart, one of the world’s leading providers of packaging and merchandising solutions for high-end consumer brands. The deal is targeted to boost Brandart’s expansion into new markets and enhance its sustainable and innovative practices. Maurizio Sedgh, the founder and CEO of Brandart, […]
Smurfit Kappa, a FTSE 100 company, and WestRock, an S&P 500 company, have announced a definitive transaction agreement worth $11 billion to merge and form Smurfit WestRock. The merger comes at a total consideration equivalent to $43.51 per WestRock share, based on the closing share price of Smurfit Kappa on September 11, 2023. The deal […]
Australia-based Orora, a leader in sustainable and innovative packaging solutions, announces its plans to acquire Saverglass, a global leader in the design and manufacture of high-end bottles for premium and ultra-premium spirits and wine markets. With an enterprise value of €1.29 billion (A$2.15 billion), the acquisition promises significant value creation opportunities and is set to […]
Veritiv Corporation (NYSE: VRTV), renowned for distributing packaging, facility solutions, and print products, announced its definitive agreement for acquisition by Clayton, Dubilier & Rice’s (CD&R) affiliate. Shareholders of Veritiv are set to gain handsomely from the deal, receiving a cash value of $170 for each share. This valuation signifies a substantial 31% premium over the […]
Borosil, through its subsidiary Klass Pack Limited (KPL), will acquire Goel Scientific Glass Works Limited (GSGWL), a manufacturer of industrial glass process systems, for an undisclosed price. The acquisition is aimed at adding a complementary product portfolio to its scientific and industrial products (SIP) business, said Borosil. In this connection, the Indian glassware company announced […]
Advantek, an American provider of carrier tape and precision component packaging, has acquired LKTT Plastic Technology, a Malaysian provider of precision packaging, for an undisclosed price. LKTT Plastic Technology is said to have over 10 years of experience in carrier tape manufacturing. The company focuses on complex designs for shields, connectors, and other highly sensitive […]
Mondi plc revealed the signing of a deal to divest its three packaging converting operations in Russia to the Gotek Group, a Russian packaging producer, for RUB 1.6 billion (€24 million). According to the UK-based packaging and paper group, the three packaging converting operations are made up of a corrugated solutions facility and a couple […]
Sun Capital Partners through its affiliate has agreed to sell glass packaging manufacturer Allied Glass to Verallia, a French glass container manufacturing company, for a total enterprise value of £315 million, marking the first Fund VII exit. UK-based Allied Glass is a glass packaging containers manufacturer for the spirits, drinks, and food markets, and specializes […]