M&As this week: ProAmpac, Smurfit Kappa

24 August 2017 (Last Updated August 24th, 2017 18:30)

Flexible packaging manufacturer ProAmpac has acquired Clondalkin Flexible Packaging Orlando.

Flexible packaging manufacturer ProAmpac has acquired Clondalkin Flexible Packaging Orlando.

The target company will be placed under ProAmpac’s Extrusion and Laminations Division.

Clondalkin Flexible Packaging Orlando specialises in converting, printing, die-cutting and slitting packaging materials, as well as lidding foils and films.

The acquisition is expected to allow ProAmpac to provide daisy chain portion-pack lidding to its customers.

"The acquisition is expected to allow ProAmpac to provide daisy chain portion-pack lidding to its customers."

Smurfit Kappa, a paper-based packaging solutions provider, has acquired Moscow-based corrugated packaging company Soyuz.

Smurfit Kappa expects to strengthen its operations in Russia and expand in Europe through the acquisition.

The acquirer company manufactures corrugated packaging materials for multiple industry sectors across Europe.