Bemis has reached an agreement with Evadix to acquire the latter’s subsidiaries, Evadix Labels and Evadix MPI, for €3.3m ($3.95m).
Both based in Romania, Evadix Labels manufactures high-quality printable polyethylene films, while Evadix MPI processes and prints films required for manufacturing flexible packaging solutions for food, beverages and other products.
The transaction includes approximately €0.84m ($1m) of debt repayments to Evadix.
Based in the US, Bemis is engaged in the production and supply of flexible and rigid packaging solutions, while Belgium-based Evadix develops flexible packaging.
Sealed Air Corporation has reached an agreement to p100% stake in Fagerdala Singapore (formerly Inducel Industrial Foams) for approximately $100m.
Sealed Air is a US-based diversified packaging solutions provider, while Fagerdala manufactures and produces polyethylene foam.