OI European Group has agreed to raise an aggregate principal amount of $310m in a private offering of senior notes due 2023.
Issued to qualified institutional buyers, the notes are guaranteed on a joint and several basis by Owens-Illinois and some of its domestic subsidiaries in the US.
Based in Netherlands, OI European Group is an indirect wholly owned subsidiary of Owens-Illinois Group, which is engaged in the manufacture and sale of glass containers to the food and beverage industry.
Kanpur Plastipack has agreed to issue 2,387,114 partly paid-up equity shares, priced at Rs75 ($1.16) each, in a rights offering to raise Rs179.03m ($2.77m).
Based in India, Kanpur Plastipack manufactures and exports flexible intermediate bulk containers (FIBC).
Sappi has signed an agreement with Cham Paper Group Holding (CPG) to acquire the latter’s speciality paper business for Sfr146.5m (approximately $149m) in consideration.
Sappi proposes to use its internal cash resources to fund the transaction.
The assets acquired as part of the transaction include the Carmignano Mill at Carmignano di Brenta, Padua, Italy; Condino Mill at Borgo Chiese, Trento, Italy; and the Digital Imaging Business at Cham, Canton Zug, Switzerland.
Based in South Africa, Sappi produces dissolving wood pulp, speciality and packaging papers, as well as graphic paper and biomaterials, while CPG is a Switzerland-based manufacturer of coated speciality papers.
Novolex Holdings (formerly Hilex Poly) has reached an agreement with Shields Bag and Printing to acquire certain assets and business operations of the latter.
Both the companies involved in the transaction are based in the US.
Novolex designs and manufactures plastic, paper, and recycled packaging products, while Shields Bag and Printing develops custom-engineered flexible packaging products.
Novolex has engaged Latham & Watkins and Nelson, Mullins, Riley & Scarborough as legal advisers for the transaction. Shields engaged Moss Adams Capital as its financial adviser, and Bryan Cave and Stokes Lawrence Velikanje Moore & Shore as legal advisers for the acquisition.