Middleby acquisition of Pacproinc : Foodservice equipment manufacturer Middleby has acquired Pennsylvania-based automated packaging solutions provider Packaging Progressions (Pacproinc) for an undisclosed price, as per the latest packaging industry news and packaging acquisition news. Headquartered in Souderton, Pacproinc has annual revenues of $30 million. Pacproinc provides automated packaging technologies for clients in the protein and […]
Packaging industry news : Thai packaging company SCG Packaging, a subsidiary of Siam Cement (SCC), has signed a conditional sale and purchase agreement to acquire a 55% stake in Indonesian packaging paper company PT. Fajar Surya Wisesa Tbk for future growth opportunities in the packaging business. The transaction is valued at approximately $665 million, which […]
Packaging acquisition news : Private equity firm Bain Capital Private Equity through its subsidiary Fedrigoni, a specialty papers manufacturer and self-adhesive labels has agreed to acquire Italian paper mill Gruppo Cordenons for an undisclosed price. Gruppo Cordenons manufactures high-end specialty papers for luxury packaging and premium publishing applications. The Italian paper mill, which is into […]
Packaging acquisition news : US consumer goods company Newell Brands has agreed to sell The Waddington Group, a packaging manufacturer to Novolex for around $2.3 billion. Based in South Carolina, Novolex, which is backed by The Carlyle Group, provides paper and plastic packaging products. Newell Brands is selling its global package manufacturing business as part […]
Berlin Packaging, a US-based hybrid packaging supplier has acquired UK packaging supplier H. Erben for an undisclosed price. While Berlin Packaging supplies glass, plastic and metal containers and closures, H. Erben supplies closures, packaging, and packaging equipment. Berlin Packaging acquisition of Erben is expected to extend significant operation and position for the hybrid packaging supplier […]