Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company News
July 6, 2018updated 20 Jul 2018 9:17am

M&As this week: Pro-Pac Packaging, Cooper Standard, Smurfit Kappa Group

Pro-Pac Packaging has entered an asset sale agreement to acquire PolyPak for NZ$8.8m ($6m).

Pro-Pac Packaging has entered an asset sale agreement to acquire PolyPak for NZ$8.8m ($6m).

Pro-Pac will pay the agreed total in three instalments, one NZ$7m ($4.8m) on completion of the acquisition, NZ$1.76m ($1.2m) in December 2018 and NZ$1.76m ($1.2m) in July 2019.

Pro-Pac has also announced an acquisition of Perfection Packaging for A$49.8m ($36.9m), which will be paid part in cash ($29.5m) and part ($7.4m) in the form of shares priced at $0.29 a share.

Based in Australia, Pro-Pac Packaging is a full-service commercial solutions provider, while Perfection Packaging is a privately-owned flexible manufacturer. PolyPak is a manufacturer and distributor based in New Zealand.

Cooper Standard has entered an agreement to acquire Lauren Manufacturing and Lauren Plastics.

The acquisition will enable Cooper Standard to expand the sealing product line of its Industrial and Specialty Group (ISG) in different segments, including building and construction, containers and enclosures and distribution and aftermarket.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging

Based in the US, Cooper Standard is engaged in the supply of systems and components for the automotive industry, while Lauren Manufacturing and Lauren Plastics manufacture extruders and moulders of organic, silicone, thermoplastic and engineered polymer products.

Smurfit Kappa Group has acquired Reparenco, a Netherlands-based company engaged in the paper and recycling business.

“Reid Canada has acquired Deltapac Packaging and its assets.”

Worth €460m ($539m), the deal will see the integration of Reparenco and its existing European businesses, which is expected to deliver synergies of more than €30m ($35m).

The acquisition will add 405,000t of recycled containerboard capacity for Smurfit Kappa. The company will also gain access to a 675,000t two-machine paper mill in the Netherlands.

Based in Ireland, Smurfit Kappa is engaged in corrugated packaging.

Reid Canada has acquired Deltapac Packaging and its assets.

Based in Canada,  Deltapac Packaging is a plastic bottles manufacturer serving the speciality chemical, cosmetic, food and pharmaceutical industries.

Reid Canada is a subsidiary of Consolidated Container Company (CCC).

The acquisition is expected to help CCC expand its footprint in Canada and offer a variety of products in the chemical, sanitation and food industries.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU