Control Print Ltd on Monday announced the acquisition of 50.49 per cent in UK-based Codeology Group Ltd, a provider of print and apply systems, for £1 million (over Rs 10 crore). The acquisition will help Control Print...
British packaging firm Mondi offers to buy smaller rival DS Smith for $6.57 billion
Mondi reached an agreement in principle for an all-share offer to buy smaller rival DS Smith for 5.14 billion pounds ($6.57 billion) to create a paper and packaging giant worth more than 10 billion pounds in market...
NCLT admits Yashraj Containeurs’ voluntary insolvency resolution application
The bankruptcy court has admitted an application filed by listed industrial packaging solutions company Yashraj Containeurs Ltd to admit it for a voluntary corporate insolvency resolution process (CIRP). The company...
JK Paper to acquire Manipal Utility Packaging Solutions for Rs 90 crore
JK Paper Ltd said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of...
Europe’s Smurfit Kappa in merger discussions with Westrock
Europe’s paper and packaging major Smurfit Kappa said late that it is in discussions to merge with U.S. paper company Westrock. The combined entity would be named Smurfit WestRock and will be domiciled in Ireland...
Australia’s Orora to buy Carlyle’s France-based Saverglass for $1.4 bln
Australian packaging company Orora Ltd said it would buy French high-end glass bottle manufacturer Saverglass from private equity firm Carlyle Group for A$2.16 billion ($1.4 billion). Orora shares remain suspended while...
Amcor Announces Acquisition of Scalable Flexible Packaging Plant in High-growth Indian Market
Amcor, a global leader in developing and producing responsible packaging solutions, today announced it has entered into an agreement to acquire Phoenix Flexibles, expanding Amcor’s capacity in the high-growth...
Allcargo Logistics closes 30% stake purchase from KWE in Gati subsidiary
Allcargo Logistics said it has completed the acquisition of 1.50 lakh shares, or 30% stake, in Gati-Kintetsu Express (GKEPL) for Rs 406.71 crore. Allcargo’s subsidiary, Gati already holds 70% stake in GKEPL. “With...
Shriji Polymers buys controlling stake in Parekhplast India Limited
Shriji Polymers (India) Limited, manufacturer of packaging solutions in rigid plastics for the pharma industry, announced on Wednesday that it has invested in Parekhplast India Limited and bought a controlling stake in...
JK Paper to acquire Horizon Packs, Securipax Packaging for Rs 578 cr
Paper and packaging board company JK Paper said it will acquire Horizon Packs Private Ltd and Securipax Packaging Private Ltd in phases for about Rs 578 crore. HPPL and SPPL are India’s leading corrugated...
Ball Corp sells Russian business to Arnest Group for $530 mln
Ball Corp said on Wednesday that it has completed the sale of its beverage packaging business in Russia to Arnest Group for $530 million. In March, the sustainable metal packaging maker reduced operations at its three...
Manjushree Technopack adds Hitesh to its string of acquisitions
Plastics packager Manjushree Technopack Ltd (MTL), backed by US private equity firm Advent International, has agreed to acquire 100% of the business operations and manufacturing facilities of Hitesh Plastics, a...
