Deals this week: Graphic Packaging, Gebo Cermex, BluWrap

15 June 2018 (Last Updated July 20th, 2018 09:18)

US-based packaging company Graphic Packaging, through its wholly-owned subsidiary, Graphic Packaging International, has agreed to acquire all the assets of PFP and its related entity PFP Dallas Converting.

Graphic Packaging has agreed to acquire all the assets of PFP and its related entity PFP Dallas Converting.

As part of the acquisition, Graphic Packaging will gain access to PFP’s manufacturing facilities in Lebanon, Tennessee and Lancaster, Texas, through its subsidiary, Graphic Packaging International.

Based in the US, PFP is engaged in the manufacture of die-cuts and paperboard-based air filter frames.

Gebo Cermex has entered a partnership to supply end-of-line production equipment for Unilever ’s new state-of-the-art facility in Dubai, UAE.

The company has supplied two comprehensive end-of-line manufacturing systems, which are required for the production of shampoo and conditioner in shaped bottles.

Unilever plans to combine state-of-the-art technology with a modular design to produce faster, shorter and highly responsive production lines at its Dubai facility.

Gebo Cermex’s end-of-line products include eight formats, which are capable of handling 350 products a minute and multiple changeovers per day in a maximum time of ten minutes.

“Kush Bottles has issued 7.5 million shares of common stock priced at $4.8 a share to raise $36m.”

Headquartered in the Netherlands, Unilever is a transnational consumer goods company offering products such as food and beverages, cleaning agents and personal care products, while Gebo Cermex is a France-based company engaged in the manufacture of case packing, shrink-wrapping and palletising machinery.

BluWrap has secured equity financing in a series D financing round led by the Wheatsheaf Group, an existing investor in the company.

Based in the US, BluWrap is engaged in providing patented and US Food and Drug Administration (FDA) approved packaging technology that extends the shelf-life of fresh protein.

Kush Bottles has issued 7.5 million shares of common stock priced at $4.8 a share to raise $36m.

The offering also includes warrants to purchase 3.75 million shares of common stock, exercisable within five years from the issue date, at a price of $5.28 a share.

Based in the US, Kush Bottles provides packaging supplies, vapourisers, accessories and branding solutions for the regulated cannabis industry.

The company has engaged Alliance Global Partners as its placement agent for the transaction.