Berry Global Group bought global plastic packaging supplier RPC Group, securing the equity interest in the company and its debts for around $6.5bn.
The price of the equity interest was said to be around $4.3bn, which was paid in cash, with the company’s net debt and transaction-related costs in the deal amounting to the remaining $2.2bn of the fee.
According to the US-based plastic packaging products maker, the merger will create a major global supplier of valued-added protective and plastic packaging solutions.
Ardagh Group has expanded its Coloured Tab and Shell portfolio by adding a new copper colour to offer extra shelf appeal to beverage cans.
The company introduced the colour to assist customers in the alcoholic and non-alcoholic beverage markets to increase the visual impact of their products.
Suitable for diameter 202 and 200 can ends, the copper tone is designed specifically for aluminium packaging and benefits all sizes of cans.
A new survey showed that around 72% of people would support the introduction of a deposit return system in the UK.
The survey results were revealed by the Campaign to Protect Rural England (CPRE), which was carried out by YouGov.
The UK deposit return system covers all drinks containers of all materials and sizes including plastic and glass drinks bottles and aluminium cans.
Paccor is expecting to strengthen its global standing in the rigid barrier packaging applications market after acquiring EDV Packaging Solutions.
EDV Packaging produces food protection packaging solutions such as barrier sheets and thermoformed containers to extend product shelf-life.
The Spanish-based rigid barrier packaging manufacturer uses polypropylene and advanced bio compostable materials to make coffee capsules. Its products offer protection against oxygen migration.
The UK pledged £60m to help cut single-use plastics and supply-chain waste, using the investment to focus on new forms of packaging.
The government is expecting businesses across the country to generate around £149m for the cause, taking the total investment to £209m.
The commitment is part of the government’s Clean Growth Challenge within its modern industrial strategy.
Clariant agreed to sell its Healthcare Packaging business to an Arsenal Capital Partners affiliate for CHF308m ($313.59m).
The speciality chemicals firm’s Healthcare Packaging unit produces a range of products, such as customisable drop-in products, including canisters and packets, integrated desiccant systems and plastic bottles that feature oxygen barrier materials.
Its offerings are designed to protect pharmaceutical products from moisture and oxygen.
European paper packaging company Smurfit Kappa expanded its recycling network with the opening of a plant in Tuscany, Italy.
Smurfit Kappa’s plant will strengthen the company’s recovered paper service in the Italian region. The district where the new plant is situated is known for the manufacture of 60% of Italian containerboard and 90% of tissue paper.
The facility is expected to process approximately 15,000t of recovered paper per annum. It is also expected to reach a 25,000t processing capacity next year.
Bosch agreed to sell its Germany-based packaging machinery business to CVC Capital Partners (CVC), having searched for a buyer since last year.
As part of the deal, the private equity and investment firm has acquired the entirety of Bosch’s packaging technology business, situated in Waiblingen, Germany. The company’s 6,100 employees across 15 countries will also be transferred to CVC.
However, Bosch and its pharmaceutical and food business units will remain intact.
The South Australia Government is planning to ban the use of various single-use plastics, with straws, cutlery and stirrers the first on its agenda.
Several other items would then be considered for prohibition under the Marshall Liberal Government’s proposed legislation, entitled Turning the Tide on Single Use Plastics: The Next Steps.
In addition, the government will establish a stakeholder taskforce that will assist the development of the legislation.
Swiss aseptic packaging solutions provider SIG is set to build its second Chinese packaging facility with a €180m investment.
With this expansion, the company targets further growth for aseptic carton packaging in the Asia-Pacific region.
Located at Suzhou Industrial Park (SIP), the 120,000m² facility will become operational in 2021 and produce aseptic cartons.