British paper and packaging firm Mondi Plc said it would sell its Russian assets, the latest company to exit the country following Moscow’s invasion of Ukraine. Mondi said the net asset value of its Russian...
Brookfield invests Rs 2000 cr in BC Jindal’s packaging business
Jindal Poly Films, a BC Jindal Group firm, has signed a definitive agreement with Canadian investor Brookfield to raise as much as Rs 2000 cr by selling a significant minority stake in its packaging films business. As...
Britain’s Mondi to sell personal care unit for nearly $700 mln
British paper and packaging firm Mondi said on Thursday it would sell its personal care components business to Japan’s Nitto Denko Corp for 615 million euros ($699 million), as it seeks to focus on building its...
SIG Combibloc acquires bag-in-box maker Scholle IPN in $1.53 bln deal
Swiss packaging company SIG Combibloc is acquiring U.S.-based privately held Scholle IPN for an enterprise value of 1.36 billion euros ($1.53 billion) to boost its position in sustainable packaging, it said on Tuesday...
Warburg-owned Parksons buys Alcobev specialist Manohar Packaging
Warburg Pincus-owned Parksons Packaging has acquired Manohar Packaging, a Mumbai-based specialist in alcobev packaging. The company, founded in 1994, is one of India’s top producers of carton packaging and the...
Max group to exit packaging films business, to focus on real estate
Max Ventures & Industries Limited (MaxVIL), a Max Group company that manages real estate businesses in NCR as well as a Specialty Packaging Films company, has decided to exit the packaging films business in order to...
Manjushree Technopack buys packaging co Classy Kontainers
Advent International backed Manjushree Technopack Limited (MTL), one of India’s largest packaging companies, on Monday announced the acquisition of Classy Kontainers, India’s largest custom-molded rigid packaging...
Premji Invest acquires a significant stake in SB Packagings
Premji Invest, the investment arm of Azim Premji’s endowment and philanthropic initiatives, has acquired a significant stake in SB Packagings, a manufacturer of flexible packaging for hygiene segment. The quantum...
Austria’s B&C buys packaging maker Schur Flexibles in 900 million euro deal
Austrian investor B&C Group said on Monday it has agreed to buy an 80% stake in Schur Flexibles from buyout group Lindsay Goldberg in a deal valuing the packaging maker at 900 million euros ($1.09 billion)...
Domtar confirms merger talks with Paper Excellence
U.S. paper and packaging company Domtar Corp confirmed on Tuesday it has been in merger talks with Canadian rival Paper Excellence, adding there was no guarantee that the negotiations will lead to a deal. Bloomberg...
Warburg acquires controlling stake in Parksons Packaging
American private equity (PE) firm Warburg Pincus on Monday said its affiliate Green Fin Investments BV has acquired a majority stake in Parksons Packaging Ltd, it said in a statement. As part of the transaction...
Promoters of packaging firm Polyplex plan to exit via ₹1,500 crore stake sale
Businessman Sanjiv Saraf and his family aim to sell their promoter holding in Noida-based polyester film making firm Polyplex Corp. Ltd for at least ₹1,500 crore. The sale comes as the equity market reflects a premium...
