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 […]
Papyrus Australia, an agricultural waste fibre technology company, said that its leased moulded fibre packaging facility in Egypt has produced 100% banana fibre clam shell moulded product. With the achievement of the milestone at its packaging facility in Sharqiah, Papyrus Australia claims to be in a position to produce 6,300 clam shells per hour. The […]
Bostik, a French adhesive manufacturing company owned by Arkema, has signed a purchase contract with Italian lamination machines supplier Nordmeccanica for an industrial laminator. According to Bostik, the acquisition will strengthen its global research and development (R&D) efforts on flexible lamination and diversify its offering of sustainable smart adhesive solutions further. According to Bostik, the […]
Max Ventures & Industries Limited (MaxVIL) has agreed to sell the remaining stake of 51% in Max Speciality Films Limited (MSFL), a specialty packaging films business, to joint venture partner Toppan Printing for a consideration in the range of INR 600-650 crores. Japan-based Toppan Printing will also take over the debt of MSFL as part […]
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. […]
Mold-Tek Packaging said that it has inaugurated its 11th manufacturing facility in Unnao, Kanpur, which will primarily meet the requirements of plastic packaging containers of Kansai Nerolac Paints and other clients in northern India. According to the Indian rigid plastic packaging manufacturing company, the pilot project in its leased premises at Unnao, admeasures 17.500sft. It […]
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 […]