Press Releases

O-I Glass, Inc. today announced that a subsidiary of the company has entered into a definitive agreement to sell Cristar TableTop S.A.S. (“Cristar”) to Vidros Colombia S.A.S, an affiliate of Nadir Figueiredo S.A., a glass tableware producer based in Brazil. The sale would generate gross proceeds of approximately $95 million and is expected to close during the first half of 2022, subject to customary regulatory approvals and other closing conditions. Cristar owns a dedicated tablew

Siegwerk, one of the leading global providers of printing inks and coatings for packaging applications, was honoured at the IFCA Star Awards 2021 for its innovative breakthrough in the flexible packaging ecosystem. IFCA (Indian Flexible Packaging and Folding Carton Manufacturers Association) is a nationally eminent organization with members from prominent ink suppliers, converters, and brand owners in India. The Award ceremony was held in New Delhi, while adhering to the government laid Covid

Karat Packaging Inc. a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it plans to expand its logistic services business geographically and that it has placed an order for 10 Tesla Semi trucks. Karat Packaging currently has 86 trucks and trailers and provides third-party logistic (3PL) services to about 100 of its customers in California. The Company is planning to expand its logistic offerings ge

Pipeline Packaging, the largest US distributor of rigid industrial containers, has acquired MidStates Container Company , a full-line packaging distributor. MidStates Container Company is strategically located in St. Louis, Missouri. The purchase will consolidate supply lines and leverage the two companies to allow for geographic expansion in the Midwest. In addition, their current product line and related services are complementary to Pipeline Packaging's current distribution f

BillerudKorsnäs has entered into a merger agreement with Verso Corporation (Verso) under which BillerudKorsnäs has agreed to acquire Verso, a leading producer of coated papers in North America, for a purchase price of approximately USD 825 million in cash. Verso’s Board of Directors, acting upon the recommendation of a special committee, has unanimously approved, and resolved to recommend the transaction to Verso’s shareholders. The transaction is expected to close in th

ProAmpac, a leader in flexible packaging and material science, today announced that it has acquired Prairie State Group (“PSG”), an SQF-certified provider of flexible packaging and labeling services based in Franklin Park, Illinois. This acquisition strengthens ProAmpac’s flexible and sustainable packaging offerings for the food and pet food markets and expands its labeling capabilities. Terms of the transaction were not disclosed. Prairie State Group produces a br

UFP Industries today announced that its affiliate, UFP Packaging, LLC, has acquired Advantage Label & Packaging, Inc. (Advantage Label), a provider of labels and related equipment used in industrial packaging, for approximately $16 million. The transaction also includes $2.9 million for related real estate as well as incentive payments of up to $4.5 million over five years if certain performance goals are met. Founded in 1996 and based in Grand Rapids, Michigan, Advantage Label

Verso Corporation  today announced that it has entered into a definitive merger agreement under which BillerudKorsnäs AB ("BillerudKorsnäs") will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million1. Verso's Board of Directors, acting upon the recommendation of a special committee of Verso's Board, has unanimously approved and resolved to recommend approval of the merger by Verso's sha

Sonoco , one of the largest sustainable global packaging companies, today announced it has entered into a definitive agreement to acquire Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America, for $1.35 billion in cash before taking into consideration tax benefits with an estimated net present value of approximately $180 million. Ball Metalpack is a joint venture owned by Platinum Equity  an

Pretium Packaging, L.L.C.  a designer and manufacturer of packaging solutions for a diverse set of applications backed by Clearlake Capital Group, L.P.  in partnership with management, today announced it has completed the acquisition of Ediplast SA de CV, Edipacks, SA de CV, Refrepet SA de CV, and Ediprint SA de CV , a family-owned rigid packaging manufacturer and paperboard printer serving diverse, recession resistant end markets including food and beverage, home care, healthcare a

Early this morning ePac Flexible Packaging sustained significant damage to its Chicago manufacturing plant. Thankfully, no one was injured and damage was largely contained to the press room which houses 3 HP Indigo 20000 digital presses, 2 of which  were damaged. ePac operates in 14 locations with 40 presses throughout the United States, and routinely shifts orders from one plant to another to ensure the company’s 5-15 business day turnaround time commitment is met, so th

Berlin Packaging, the world's largest Hybrid Packaging Supplier®, announced today the acquisition of Gerfran SAS, a family-owned supplier of glass packaging specializing in the wine and beverage end markets. Founded in 1984 and acquired by Lionel Fruh in 2008, Gerfran is a unique player in the Aquitane region of France. Headquartered in La Réole, the company specializes in the sale of wine bottles with an emphasis on Bordeaux bottles and serves wine producers of all s

Leading sustainable packaging manufacturer Coveris have launched a range of lightweight, fully recyclable pouches for Tesco’s grated cheese alongside manufacturer Ornua Foods. The launch marks a major step change in the packaging of cheese, which has moved from a mixed, triple-ply nylon laminate - one of the hardest to recycle materials - to a fully recyclable polyethylene (PE) monolaminate structure with built-in barrier properties. Providing a direct replacement fo

Evonik, the expert in UV curable silicone release systems for over 30 years has launched its new TEGO® RC 1442 silicone release coating.  TEGO® RC 1442 is based on Evonik’s existing RC 1400 series technology and delivers all the same easy release performance benefits customers are used to. Developed for fast curing pressure sensitive adhesive (PSA) applications, TEGO® RC 1442 provides excellent anchorage to substrates and delivers stable release values over time, even u

The "North America Amber Glass Packaging Market Size, Share & Trends Analysis Report By Application (Dietary Supplements, Pharmaceuticals), By Product (Bottles, Containers & Jars), By Region, And Segment Forecasts, 2020 - 2028" report has been added to ResearchAndMarkets.com's offering. The North America amber glass packaging market size is expected to reach USD 3.01 billion by 2028, registering a CAGR of 2.3% over the forecast. Rising adoption of sus