Deals this week: Ioniqa Technologies, Ranpak, Ecosurety

21 December 2018 (Last Updated December 21st, 2018 14:33)

The Coca-Cola Company has reached an agreement with Ioniqa Technologies to assist in the production of high-grade recycled PET content.

The Coca-Cola Company has reached an agreement with Ioniqa Technologies to assist in the production of high-grade recycled PET content.

Ioniqa will process the hard-to-recycle material and use it for manufacturing Coco-Cola bottles.

A recycling technology developed by Ioniqa enables the conversion of PET waste into purified polymer building blocks, which will be arranged to form high-grade PET.

A new industrial plant with a 10kg metric tonne capacity is being developed in the Netherlands by Ioniqa. The plant is scheduled for commissioning next year.

Rhône Capital has agreed to offload its personalised packaging solutions business Ranpak to One Madison (OMAD) in a transaction worth $950m.

Ranpak has a platform of 90,000 machines and a strong network of more than 30,000 clients across 40 countries.

Repayment of existing first and second lien debt will also be covered under the purchase consideration of $950m.

The transaction will be funded through $300m in cash, $407m of debt, and $292m of committed equity investments.

One Madison Group chairman and CEO Omar Asali will assume the role of executive chairman at Ranpak.

A three-year agreement has been signed by Ecosurety and the UK-based unit of Danone to ensure compliance with packaging waste recycling norms.

Danone intends to use innovation and education in the recycling of used packaging products, under the partnership.

“The partnership aims to tackle environmental concerns associated with plastic packaging, while reinforcing waste recycling capabilities in the UK.”

The partnership enables Ecosurety to purchase Packaging Waste Recovery Notes (PRN) of Danone from local re-processors.

The partnership aims to tackle environmental concerns associated with plastic packaging, while reinforcing waste recycling capabilities in the UK.

ORG Technology has agreed to acquire the metal beverage packaging facilities of Ball in China for $225m.

The deal will eventually include a consideration between $50m and $75m for the relocation of an existing facility.

ORG Technology will gain control over the beverage can and end plants in Beijing, Foshan, Hubei and Qingdao, China, under the agreement.

Ball intends to use the proceeds to fund its global endeavours and multi-year share repurchase programme. It will also reinvest $50m in the shares of ORG.