Sealed Air (SEE), a packaging company listed on the New York Stock Exchange, has agreed to acquire Liquibox, a US-based sustainable liquid packaging solutions manufacturer, from Olympus Partners for $1.15 billion. The acquisition of the liquid packaging producer is expected to help Sealed Air to increase its penetration in foodservice, quick service restaurants, liquid packaging, […]
WestRock Company, a paper and packaging solutions provider, has agreed to acquire the remaining stake of 67.7% in Grupo Gondi, a Mexico-based manufacturer of recycled paper and cardboard packaging, for a price of $970 million. The consideration includes the assumption of the latter’s debt. The deal gives an estimated implied enterprise value of $1.763 billion […]
Ardagh Group, a Luxembourg-based glass and metal products manufacturer, has wrapped up the previously announced $1 billion acquisition of Consol Holdings Proprietary Limited (Consol Glass). Based in South Africa, Consol Glass is a glass packaging producer. The consideration includes the net debt of around $365 million of the South African firm. The deal was announced […]
Vaibhav Global Limited has signed agreements to acquire a 60% stake in Encase Packaging Private Limited for INR 4 crores. The acquisition will be executed in nearly two months, said Vaibhav Global, which is an Indian E-tailer of fashion jewellery, accessories, and lifestyle products, Encase Packaging, which is headquartered in Sri City, Andhra Pradesh, is […]
MSI Express, an Indiana-based contract packaging and contract manufacturing firm, has acquired certain operating assets from PacMoore Products for an undisclosed price. PacMoore Products offers co-manufacturing and co-packaging services apart from food processing. The deal involves all of the contract manufacturing operations of PacMoore Products located in Hammond, Indiana. MSI Express, which is backed by […]
Nefab Group, a Swedish industrial packaging manufacturer, has acquired Reflex Packaging Group, a US-based packaging company engaged in sustainable thermoformed cushioning, for an undisclosed price. According to Nefab Group, the acquisition will further consolidate its commitment of saving resources in supply chains. Reflex Packaging will continue to be a separate entity under Nefab Group’s ownership. […]
TricorBraun has wrapped up its previously announced acquisition of Cormack Packaging, a packaging supplier in Australia and New Zealand. The financial terms of the deal were not disclosed. TricorBraun said that the acquisition of Cormack Packaging grows its global footprint while establishing its presence in the region. The deal was announced by the US rigid […]
TricorBraun, an American rigid packaging solutions provider, has agreed to acquire Cormack Packaging, a packaging supplier in Australia and New Zealand, for an undisclosed price. The acquisition will establish its presence in the two countries, said TricorBraun. Cormack Packaging has been catering to the rigid packaging requirements in Australia and New Zealand for more than […]
Berlin Packaging, a US-based hybrid packaging supplier, has acquired Spanish packaging firm Juvasa Group for an undisclosed price. Juvasa Group is made up of various companies engaged in catering to the food and beverage industry with glass, plastic, and metal packaging. Established in 1987, the Juvasa Group supplies jars and bottles for olive oil, sauces, […]
International Paper, an American pulp and paper company, has wrapped up its previously announced €670 million sale of the Kwidzyn pulp and paper mill and supporting operations in Poland to Mayr-Melnhof Group (MM). The all-cash deal was announced in February 2021. The pulp and paper mill in Kwidzyn mill has a workforce of nearly 2,300 […]