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, […]
Read MoreAmcor to Expand India Operations Through Acquisition
Amcor recently entered into an agreement to buy Phoenix Flexibles, which has a plant in Gujarat, India. Terms of the deal, which is expected to close this fall, were not disclosed. The acquisition is subject to customary closing procedures. In a news release, Amcor says Phoenix Flexibles generates about $20 million in annual revenue from […]
Read MoreBerry 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 […]
Read MoreCorrugated Sheets Maker Plans $52.7 Million Plant in Pennsylvania
Corrugated Partners Group, a maker of cardboard products for the packaging industry, intends to invest $52.7 million to build a new manufacturing operation in Pennsylvania. The maker of materials for boxes will create at least 80 new jobs, with Corrugated Partners Group calling the new operation Keystone Sheets, according to a news release from Pennsylvania’s […]
Read MoreVenture 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 […]
Read MoreNOVA 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 […]
Read MoreAccredo 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 […]
Read MorePennsylvania Packaging Company Continues Expansion in Europe
Oliver Healthcare Packaging of Pennsylvania recently announced it has bought EK-Pack Folien GmbH, a manufacturer of film and foil technology, located in Ermengerst-Wiggensbach, Bavaria, Germany. The acquisition includes Vacopack H. Buchegger AG, a fully owned subsidiary of EK-Pack, based in northeastern Switzerland, according to Oliver, a global supplier of sterile barrier flexible packaging solutions to […]
Read MoreSidel Adds Solar Panels to Facility in Italy
Sidel recently installed a solar panel system at its site in Parma, Italy. The 5,000-panel system will allow the industrial facility to generate 40% of its electricity needs by early 2024 and reduce its yearly carbon dioxide emissions by 871 tons, the company said in a news release. “This reduction is equivalent to the carbon […]
Read MoreCanadian Company to Expand in Europe
A Canadian company has agreed to buy an Italian maker of flexible pouches. Toronto-based CCL Industries Inc, which provides specialty label, security, and packaging solutions, reported that it has signed a binding agreement to acquire Pouch Partners s.r.l., Italy, from Pouch Partners AG, a company owned by Capri-Sun Group headquartered in Switzerland. Pouch Partners supplies […]
Read MoreDuraco Buys Strata-Tac
Duraco Specialty Materials recently bought Strata-Tac, Inc., a manufacturer of custom-engineered pressure-sensitive self-adhesive products and top-coated films. Terms of the transaction were not disclosed. Strata-Tac, headquartered in St. Charles, Illinois, was founded in 1995. Duraco is headquartered in Forest Park, Illinois, and has a workforce of 400 employees. “The addition of Strata-Tac’s expertise in water-based […]
Read More2022 Merger Leads to New Branding, Corporate Name
Syracuse Label, Macaran Printed Products, and W.N. Van Alstine & Sons have rebranded under a new group name and corporate identity, The NextGen Label Group™. The change combines the three operating units under one identity and better reflects the organization’s commitment to its employee owners and the customer communities they serve following a June 2022 merger, […]
Read MoreFPA Responds to News Program on Plastic Recycling
The Flexible Packaging Association (FPA) recently responded to an ABC News segment on plastic recycling, saying people need to stop vilifying plastic bags and packaging. The nearly 30-minute program—“Trashed: The Secret Life of Plastic Recycling”—primarily looks at the recycling of plastic bags in the United States. By using electronic trackers placed in bags, the news […]
Read MoreBOBST Acquires Majority Stake in Robotics Company
Switzerland-based BOBST recently reported it has acquired a majority share in Dücker Robotics, based in Italy. The 70% equity stake in Dücker will help BOBST fulfill its vision for packaging production, the company says. Dücker uses robots in loading and palletizing in the corrugated board sector, while offering opportunities in the folding carton industry. Dücker’s […]
Read MoreAmcor Plans Purchase of Moda Systems
Amcor says it intends to buy New Zealand-based Moda Systems, a manufacturer of automated protein packaging machines. Privately held Moda designs, assembles, and supports high-performance modular vacuum packaging solutions for the meat, poultry, and dairy industries. The deal, subject to customary closing conditions, is expected to be completed in the June 2023 quarter. Amcor said […]
Read MoreTIPA Compostable Packaging Buys Bio4Pack
Israel-based TIPA Compostable Packaging has bought Bio4Pack in a deal that will give TIPA a foothold in the Netherlands and Germany, according to a recent report from Packaging News. Terms of the deal were not disclosed. “There is a great value and strength in cooperating with other players in the sustainable packaging solutions industry,” said […]
Read MoreMSU School of Packaging Celebrates Major Renovation
Michigan State University (MSU) recently celebrated the opening of its newly renovated MSU School of Packaging, following a fundraising campaign that raised more than $10 million. “This significant expansion of our facilities, enabled by the generosity of donors and stakeholders, will reinforce MSU’s longstanding leadership in packaging education,” said MSU Interim President Teresa K. Woodruff, Ph.D., […]
Read MoreCompostable Flexible Packaging Facility Planned in Guatemala
India-based Yash Pakka Limited (YPL) intends to open a plant in Central America by 2025 to make compostable flexible packaging for sale in North America. The company has signed a memorandum of understanding with Guatemala’s major sugar companies to procure bagasse, the primary raw material used for its products, according to an article in Paper […]
Read MoreRoger Kearns Named President and CEO of Nova Chemicals
NOVA Chemicals Corporation recently announced the appointment of Roger Kearns as president and CEO, effective June 12. Kearns most recently served as chief operating officer of Westlake Corporation, the global diversified manufacturer of essential products with 15,000 employees. Kearns succeeds Danny Dweik, who has served as interim president and CEO of NOVA Chemicals since October […]
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