Deals and M&As this week: Great Leap Brewing, Reflex Group, Fortis Solutions Group

9 November 2018 (Last Updated November 9th, 2018 12:28)

Chinese firm Great Leap Brewing has agreed to collaborate with British PET packaging provider Petainer for the production of petainerKeg next year.

Chinese firm Great Leap Brewing has agreed to collaborate with British PET packaging provider, Petainer, for the production of petainerKeg next year.

The two companies will work together to meet the draught beer demand in the country.

A new blow-moulding facility in Tianjin will be used to cater to the local and adjacent markets.

The facility will produce Petainer’s 20l Hybrid, Classic, and USD kegs.

Reflex Group has acquired Fusion Flexibles and its subsidiary Mercury Packaging for an undisclosed sum.

Based in the UK, Fusion manufactures and supplies packaging products to food, publishing, retail, security and medical industries.

The firms went into administration and FRP Advisory was appointed as joint administrator in October.

Employees of the two businesses have joined Reflex Group, following the acquisition.

Fortis Solutions Group has completed the purchase of two US-based packaging companies, Austin Label and Premier Georgia Printing and Labels.

Premier Georgia Printing is involved in packaging, as well as offset, flat sheet, folding-carton, and full-service labels printing for the food sector. Austin Label provides custom pressure-sensitive labels to US food and drinks customers.

The acquisitions intend to strengthen the group’s product portfolio and its footprint across the country.

“The transaction enables Smurfit Kappa to integrate its full containerboard packaging operations in Southeast Europe, while expanding its presence in Serbia.”

Smurfit Kappa Group has agreed to acquire Kappa Star Group’s integrated packaging business in a transaction worth €133m ($151.12m).

Smurfit Kappa will acquire Fabrika Hartije Beograd’s (FHB) paper mill and Avala Ada Beograd’s corrugated plant in Belgrade, Serbia, under the agreement.

The transaction enables Smurfit Kappa to integrate its full containerboard packaging operations in Southeast Europe, while expanding its presence in Serbia.

Scheduled for completion by the end of the year, the acquisition will be funded from Smurfit Kappa’s existing resources.

US-based innovative package material manufacturer Tekni-Plex has acquired Beyers Plastics from Famo.

Based in Belgium, Beyers Plastics offers polyethylene (PE) extrusion and conversion services to pharmaceutical companies and other customers.

Beyers will be integrated into the Tekni-Films business unit of Tekni-Plex.

The subsidiary of Consolidated Container Company (CCC), Reid Canada, has acquired ABC Group’s Polybottle Group and Humberline Packaging.

The acquired firms offer plastic bottle manufacturing services to customers across food, beverage, automotive, industrial, and speciality chemical industries.

The companies operate bottle manufacturing facilities in Toronto, Vancouver, and Edmonton, Canada.

The acquisition forms part of Reid Canada’s growth strategy to develop innovative products for its customers.