Intertape Polymer Group has entered a definitive agreement to acquire the entire outstanding equity of Polyair Inter Pack for approximately $146m.
Based in the US, Intertape Polymer Group is engaged in manufacturing packaging products and systems, while Polyair Inter Pack is a private company engaged in the protective packaging business.
IPG will gain access to a comprehensive offering of packaging and protective solutions and is expected to expand its business operations through the transaction.
The company proposes to fund the acquisition through a $600m credit facility.
Premier Tech has completed an acquisition of Automation Machine Design.
The transaction is the company’s eighth acquisition and the first in Quebec in the past 18 months.
Based in Canada, Premier Tech is engaged in packaging, handling, processing and recycling of equipment, while Automation Machine Design is an engineering firm focused on designing and manufacturing automated and robotic industrial equipment.
Nikol-Pack has acquired a 53% stake in Angren Pack, a paper company based in Uzbekistan.
Nikol-Pack aims to expand its position in the Central Asian market through the acquisition.
Based in Russia, Nikol-Pack is engaged in the production of cardboard cores and corners, while Angren Pack manufactures toilet paper, napkins and paper towels, specialising in cardboard and corrugated board packaging.
Melitta Group Management has acquired the entire share capital of Cuki Group.
Based in Germany, Melitta is an internationally operating group of companies engaged in the development, production and distribution of coffee filters, food storage and household cleaning products.
Based in Italy, Melitta Group Management is engaged in food packaging and operates under the Cuki and Domopak brands.
CMS Cameron McKenna Nabarro Olswang acted as the advisor to Melitta Group for the acquisition.
Pregis has completed an acquisition of Free-Flow Packaging International (FP International).
Based in the US, Pregis is engaged in providing protective packaging materials, while FP International offers protective packaging solutions under a wide variety of brands.
The acquisition is expected to help Pregis increase its customer base, accelerate product development, and meet growing e-commerce shipping requirements.