M&As this week: TricorBraun, ALPLA, Sonoco

29 June 2017 (Last Updated June 29th, 2017 18:30)

TricorBraun is set to acquire Salbro Bottle for an undisclosed sum under a definitive acquisition agreement.

TricorBraun is set to acquire Salbro Bottle for an undisclosed sum under a definitive acquisition agreement.

Based in Woodbridge, Ontario, Canada, the target company manufactures plastic and glass containers and closures.

Plastic packaging company ALPLA is set to acquire Propack, a producer of high-density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles based in Italy.

Expected to be completed in July, the acquisition will help the company to strengthen its production capacities in north-east Italy, as well as expand its operations and customer reach in the region.

"Plastic packaging company ALPLA is set to acquire Propack, a producer of high-density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles based in Italy."

Sonoco, a diversified packaging company based in the US, is set to acquire flexible and forming plastic packaging films developer, Clear Lam Packaging.

The purchase consideration for the acquisition includes $170m in cash.

The acquirer company expects the acquisition to help expand its flexible packaging and thermoforming plastics operations.