M&As this week: Super Label, Alpla Group, Mondi Group

9 February 2017 (Last Updated February 9th, 2017 18:30)

Pacman-CCL is set to acquire a 70% stake in Super Label, a pressure-sensitive label maker based in India, for $3.75m.

Pacman-CCL is set to acquire a 70% stake in Super Label, a pressure-sensitive label maker based in India, for $3.75m.

The acquirer company is a joint venture between CCL Industries and Albwardy Investment.

The consideration will be used to reduce Super Label’s debt and finance its future expansion.

Alpla Group, a plastic packaging company based in Austria, has signed an agreement to acquire Star East Pet with the aim of expanding its production capacity in Eastern Europe.

Based in Romania, the target company is a polyethylene terephthalate (PET) preform manufacturer with approximately 75 employees.

"Mondi Group has acquired UK-based technology provider Excelsior Technologies for £33m ($41m) in a debt and cash-free deal."

Mondi Group has acquired UK-based technology provider Excelsior Technologies for £33m ($41m) in a debt and cash-free deal.

Mondi Group expects the acquisition to support the development of its consumer packaging business in high-growth product applications.

KapStone Paper and Packaging has acquired Associated Packaging, a company based in Carolina, US, by purchasing the latter’s assets in order to enhance its presence and grow business in the south-east market.

The financial details of the transaction have not been disclosed.