Sonoco, one of the largest diversified global packaging companies, has signed a definitive agreement to acquire Peninsula Packaging Company for approximately $230 million in cash. Peninsula, which is owned by a fund...
Canada’s CCL to buy UK-based Innovia for $842 million
Canadian label and packaging maker CCL Industries Inc (CCLb.TO) said it would buy Innovia Group, whose unit is the supplier of Bank of England’s new plastic five-pound note that has fallen foul with vegetarians...
Manjushree Technopak acquires Varahi Polymers; deal estimated at Rs 350 crore
NEW DELHI: Packaging firm Manjushree Technopack has bought out mid-sized Delhi-based Varahi Polymers, which packs for a slew of consumer products makers including Reckitt Benckiser, DaburBSE -0.29 %, Patanjali, and...
Essel Propack hits record high on acquiring remaining stake in JV
Essel Propack hits a record high of Rs 245, up 10% on the BSE in early morning trade, after the company announced the acquisition of the remaining stake in Essel Deutschland Germany. “Lamitube Technologies (LTL), a...
Huhtamaki buys 51% stake in Val Pack to enter foodservice packaging market in India
The Mumbai-based Val Pack Solutions supplies a comprehensive range of paper cups to food services industry in the country. Finnish packaging firm Huhtamaki has entered the growing foodservice packaging market in India...
Drinks can makers Ball, Rexam launch $3 billion asset sale ahead of merger
Drinks can makers Ball Corp (BLL.N) and Rexam Plc (REX.L) have begun the process of selling assets, potentially worth more than $3 billion, to meet antitrust regulations ahead of their planned merger, several people...
Parsel to buy stake in ERP firm, raise funds by Jan
Mumbai-based logistics startup Parsel is acquiring a 30 per cent stake in an enterprise resource planning services company, SpiderG. The two companies have reached a revenue-sharing agreement. The financial details of...
