Australian packaging maker Orora Ltd said Thursday it will sell its local fiber materials business to Japan’s Nippon Paper Industries for A$1.72 billion, simplifying its operations and sending its shares up 20%. The...
Blackstone to buy controlling stake in Essel Propack for Rs 3,211 crore
Private equity major Blackstone said on Monday it was making its largest investment in the consumer sector in India by picking up a 51 per cent stake in Essel Propack for up to Rs 3,211 crore ($460 million). Essel...
Albéa, Blackstone in talks to acquire specialty packaging company Essel Propack
French packaging group Albéa and US private equity fund Blackstone Group are in advanced negotiations to take a controlling stake in Essel Propack (EPL), India’s largest specialty packaging company, according to three...
Apollo nears $3.8 billion-plus deal for packaging group RPC: WSJ
Private equity company Apollo Global Management is in advanced talks to buy Europe’s biggest plastics packaging maker RPC Group for more than $3.8 billion, the Wall Street Journal reported on.wsj.com/2RHnm0W on...
Private equity suitor Apollo gets more time to make RPC offer
PC Group (RPC.L), Europe’s biggest plastics packaging maker, said on Friday the deadline for its private equity suitor Apollo Global Management (APO.N) to make a firm offer for the company has been extended to Jan. 23...
Advent buys Kedaara stake in Manjushree Technopack
Homegrown private equity (PE) firm Kedaara Capital exited its investment in Manjushree Technopack, selling its entire 40% stake to Advent International, according to a joint statement by the firms on Thursday. As part...
Advent to buy majority stake in Manjushree
Global private equity fund Advent International is all set to acquire a controlling stake in Bengaluru-based packaging solutions company Manjushree Technopack, valuing India’s largest PET manufacturer at Rs 2300...
Australia’s Amcor in talks to buy U.S. packaging company Bemis: WSJ
Australian packaging company Amcor Ltd (AMC.AX) is in advanced talks to buy U.S. rival Bemis Co (BMS.N) the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of Bemis, which has a...
International Paper to drop bid for Smurfit Kappa – sources
International Paper (IP.N) is planning to walk away from its takeover approach for Irish packaging company Smurfit Kappa (SKG.I), according to two people with direct knowledge of the matter. International Paper will...
DS Smith to buy Europac for $2.2 billion as paper deals accelerate
UK-based packaging group DS Smith Plc (SMDS.L) has offered to buy Spanish rival Europac (PYCE.MC) for 1.9 billion euros ($2.2 billion) including debt to bolster its position in western Europe’s fast-growing packaging...
Smurfit Kappa rejects raised bid from International Paper
Ireland’s Smurfit Kappa (SKG.I) rejected a raised takeover offer from International Paper (IP.N) on Monday, frustrating a bid to combine the largest listed U.S. paper packaging firm with Europe’s biggest. The Memphis...
Packaging company WestRock to buy smaller rival KapStone
WestRock Co (WRK.N) agreed to buy smaller rival KapStone Paper and Packaging Corp (KS.N) for about $3.5 billion as it looks to make the most of strong demand for packaging products in a growing U.S. economy and a...
