Deals and M&As this week: Tetra Pak, Nestle Nespresso, Scientex

23 November 2018 (Last Updated November 23rd, 2018 09:56)

Tetra Pak in collaboration with Veolia intends to carry out the recycling of used beverage cartons across the European Union by 2025.

Tetra Pak in collaboration with Veolia intends to carry out the recycling of used beverage cartons across the European Union by 2025.

A beverage carton usually comprises 75% paperboard, 20% plastic and 5% aluminium foil.

The fibres recovered from the cartons can be converted into paper pulp and used for the development of industrial and consumer products.

The polymer and aluminium (PolyAl) material recovered during recycling will be converted into raw materials for use in the plastic industry.

Nestlé Nespresso has reached an agreement with Rio Tinto, a metal and mining corporation based in the UK, for the manufacturing of responsibly sourced aluminium coffee capsules.

The memorandum of understanding (MoU) enables the companies to work closely with the capsule manufacturers of Nespresso to source 100% sustainable aluminium by 2020.

Rio Tinto is the first company to be certified by the Aluminium Stewardship Initiative (ASI), which promotes sustainability during aluminium production.

“Scientex intends to strengthen its product portfolio and enhance its flexible packaging business capabilities through the acquisition.”

Scientex, a packaging services firm based in Malaysia, has agreed with several individual vendors to acquire a 42.41% controlling stake in Daibochi for a sum of MYR222.5m ($53.11m).

A conditional share sale agreement will be signed by both the companies to process the transaction.

Scientex intends to strengthen its product portfolio and enhance its flexible packaging business capabilities through the acquisition.

US-based engineering products manufacturing firm TriMas has agreed to acquire Plastic Srl for an undisclosed sum.

Based in Italy, Plastic Srl is specialised in the manufacturing of single-bodied and assembled caps and closures.

Plastic Srl will operate as a wholly owned division of TriMas’ Rieke business, upon completion of the acquisition in the first half of next year.

Resource Label Group has acquired US-based Best Label.

The acquisition enables Resource Label Group to strengthen its market position and expand its footprint along the west coast.

The labelling solutions provided by Best Label serve a range of industries, including food, beverage, health and beauty, and chemical.