Deals and M&As this week: Songwon Industrial, Novio Packaging Group

25 January 2019 (Last Updated January 25th, 2019 11:23)

Songwon Industrial and RPC bpi nordfolien intend to manufacture sustainable polyethylene (PE) bags made from recycled materials.

Songwon Industrial and RPC bpi nordfolien intend to manufacture sustainable polyethylene (PE) bags made from recycled materials.

PE bags will be produced using 50% recycled PE and will have a carrying capacity of 20kg. The new product will act as a sustainable alternative for packaging companies.

The alliance will work towards the development of sustainable solutions adhering to the United Nations (UN) 17 Sustainability Goals (SDGs).

Songwon is expected to initiate the transition process to the new sustainable packaging solution in the coming months.

Flacopac / Deflaco has been acquired by Novio Packaging Group, a packaging services provider based in the Netherlands, for an undisclosed sum.

Based in Switzerland, Deflaco is the sister company of German packaging company Flacopac.

Flacopac / Deflaco produces a range of cosmetic packaging solutions such as the Quickbrush system for nail polish and Moduli roll-on units.

The acquisition will expand Novio Packaging Group’s product portfolio in cosmetics and perfume industries, while expanding its footprint in Europe.

Constantia Flexibles, a flexible packaging products manufacturing company based in Austria, has agreed to acquire a major stake in TT-print for an undisclosed sum.

Based in Russia, TT-print is specialised in the manufacturing of aluminium blister foil and coldform packaging solutions for pharmaceutical companies.

The transaction will consolidate Constatia’s position in the pharmaceutical packaging industry in Russia.

“The transaction provides Greenlane with complete control over supply chain logistics operations and quality assurance.”

The deal is scheduled for completion in the first quarter of this year.

Technical Precision Plastics (TPP) has merged its operations with IntraPac International, a speciality packaging company owned by Oncap.

TPP has two manufacturing facilities in Mebane in North Carolina, US, and Haina in the Dominican Republic. It offers medical clean room and multi-shot moulding and services to its customers.

IntraPac also acquired Quality Plastics in September 2017 and the latest transaction is the second under the ownership of Oncap.

SunTrust Robinson Humphrey acted as the advisor for TPP for the transaction.

Greenlane Holdings has acquired Pollen Gear, a child-resistant packaging solutions provider based in the US.

Greenlane has been appointed as an exclusive global distributor for Pollen Gear products in 2016.

The transaction provides Greenlane with complete control over supply chain logistics operations and quality assurance.

Pollen Gear’s engineers and designers will concentrate on the development of innovative products.

Ed Kilduff, the co-founder of Pollen Gear, will be the company’s president.