Find stats and report summaries that give an inside view of the industry today. Sales, materials, and corporate updates are just some of the topics highlighted in this section.
News DeskWeekly News Roundup

Davis-Standard to Buy ETG

Davis-Standard, LLC has agreed to buy the Extrusion Technology Group (ETG) from entities controlled by the Dutch investor Nimbus. Terms of the deal, which is contingent on closing conditions, were not disclosed. Davis-Standard has been majority owned by funds affiliated with Gamut Capital Management, L.P. since December 2021. Davis-Standard serves the global infrastructure and packaging […]

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Printpack to Close North Carolina Factory

Printpack intends to close a plant in North Carolina at the end of this year, according to an October 30 report by Business North Carolina. About 90 people are expected to be laid off at the factory in Hendersonville, with some workers being offered jobs at other facilities owned by Georgia-based Printpack, the business journal […]

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Manufacturing Jobs Continue to Show Strength

The National Association of Manufacturers reported in its Workforce in Focus newsletter earlier in October that manufacturing jobs have exceeded 13 million for the first time since November 2008. “Manufacturing employment rose by 17,000 in September, the fastest monthly gain since October 2022 and an extension of the gain of 11,000 seen in August,” according to the […]

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Plastic Circularity Fund Takes Shape

Plastic Circularity Fund Takes Shape

The Alliance to End Plastic Waste recently announced that the Plastic Circularity Fund, which will be managed by Lombard Odier Investment Managers, is ready for investment in companies. The fund secured private equity capital from institutional and other accredited investors. The Alliance is a seed investor with a $10 million capital contribution to the fund. […]

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ProMach Acquires Lofton Label & Packaging

ProMach Acquires Lofton Label & Packaging

Ohio-based ProMach recently announced it has bought Lofton Label & Packaging in Minnesota. Terms of the deal were not disclosed. ProMach, which makes processing and packaging machinery, said in a news release that Lofton will expand ProMach’s labeling and coding capabilities. Founded in 1981 in the Minneapolis–St. Paul metropolitan area, Lofton provides flexographic and digital […]

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WiKoff Color Names New CEO

WiKoff Color Names New CEO

Wikoff Color Corporation recently named a new CEO after a search that started more than a year ago, according to an article in Ink World magazine. Mark C. Lewis officially assumed his role on September 11. He replaces Geoff Peters, who will remain a member of the board of directors. Peters announced his intention to retire […]

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News DeskWeekly News Roundup

InterFlex Deal Expands European Operations for TOPPAN

InterFlex Group, a global flexible packaging supplier and converter, recently completed the acquisition of Skymark Packaging International based in the United Kingdom. Terms of the deal were not disclosed. InterFlex Group is a subsidiary of TOPPAN, a global printing company based in Japan. TOPPAN bought InterFlex in 2021. “With the acquisition of Skymark, InterFlex Group […]

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Morchem Outlines Need for Better Laminates

One key to improving recyclability in flexible packaging will be advancements in adhesive solutions for mono-material structures, an executive with an adhesive and coating company said during a presentation at PACK EXPO Las Vegas earlier this month. Michael Reed, president of Morchem in the U.S., said his company has developed products that reduce material and […]

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Event Producer: PACK EXPO Las Vegas Sets Record

Nearly 32,000 people attended PACK EXPO Las Vegas last week, the most in the show’s history, according to show producer PMMI, The Association for Packaging and Processing Technologies. The show, which ran from Monday through Wednesday, had 2,300 exhibitors that had set up in the Las Vegas Convention Center. “This is proof that the industry […]

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Tredegar Sells Its Flexible Packaging Films Business

Tredegar Corporation has agreed to sell Terphane, its flexible packaging films business, to affiliates of Oben Group. Terphane has about 500 employees with manufacturing sites in Cabo de Santo Agostinho, Brazil, and Bloomfield, New York. It is headquartered in São Paulo, Brazil, and exports to 29 countries. Tredegar trades as TG on the New York […]

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Colorado Packaging Company Sells to 360Pack

Privately held packaging distribution company 360Pack has bought Team Packaging Inc., a Colorado-based privately held custom packaging solutions provider. Terms of the deal were not disclosed. Founded by Mike Anderson and Becki Charchenko in 2003, Team Packaging is a full-service custom packaging distribution business based in Aurora, Colorado. The company offers flexible and fiber-based packaging, […]

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News Desk
Flexible Packaging Industry Growth Accelerates

Flexible Packaging Industry Growth Accelerates

The annual State of the Flexible Packaging Industry Report, recently released by the Flexible Packaging Association, provides industry converters, suppliers, investors, and analysts with insights into the U.S. flexible packaging industry’s performance over the past year.

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News DeskWeekly News Roundup

Berry Global Taps New CEO

Berry Global Group, Inc. recently named a new CEO, effective October 2. Kevin Kwilinski, president and CEO of Multi-Color Corporation, will replace Tom Salmon, who will retire from his roles as Berry CEO and chairman, as previously announced in February. Salmon, who has been CEO for the past six years, will remain with the company […]

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Venture Capital Firm to Buy Constantia Flexibles

An affiliate of One Rock Capital Partners, LLC, has agreed to buy Constantia Flexibles, a packaging manufacturer with facilities in 16 countries. Constantia, which has about 7,650 employees at 30 sites, has been owned by Wendel, a European investment firm. Terms of the deal were not disclosed. “Constantia has grown through acquisition and innovation to […]

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NOVA Chemicals Builds New Recycling Facility

NOVA Chemicals Corporation recently announced it is developing its first mechanical recycling facility in Connersville, Indiana. The facility will employ about 125 people and process post-consumer plastic films to produce the company’s SYNDIGO™ recycled polyethylene (rPE) at commercial scale as early as 2025, the company said in a news release. It will create more than […]

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Accredo Packaging Hires FPA’s ELC Co-Chair

Accredo Packaging Hires FPA’s ELC Co-Chair

Jonathan Quinn, co-chair of the Flexible Packaging Association’s (FPA’s) Emerging Leadership Council (ELC), recently took a new job as vice president of global marketing and sustainability for the API Group and Accredo Packaging. Quinn, formerly the director of market development and sustainability at Pregis, is a member of the senior leadership team responsible for advancing […]

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