LyondellBasell has completed an acquisition of A. Schulman for $2.25bn.
US-based manufacturer A. Schulman supplies high-performance plastic compounds, composites and resins, while LyondellBasell is a chemical company based in the Netherlands.
A. Schulman will now operate as a stand-alone reporting business named Advanced Polymer Solutions. It will add new products to LyondellBasell’s existing compounding business, including engineered composites, powders and masterbatches.
The new business will combine LyondellBasell’s existing polypropylene compounding (PPC) assets and A. Schulman’s assets, polybutene-1 resins, and Catalloy thermoplastic resins.
AWT Labels and Packaging has acquired Citation Clinical Labeling Systems.
Citation is a clinical trial label provider for pharmaceutical and biotechnology companies based in Hauppauge, New York, US.
AWT is engaged in providing high-quality labels and flexible packaging solutions to customers worldwide. The company specialises in label and packaging solutions for medical, food, personal care and speciality markets.
With the deal, Citation will now operate as Citation Healthcare Labels, which will expand AWT’s presence in the healthcare labelling market worldwide.
The deal will also allow AWT to expand its reach in the clinical trial label markets.
The acquisition will provide Citation customers with access to AWT’s resources and investments in print and production technologies, as well as its healthcare labelling plant in Minneapolis.
Paragon Label has been acquired by Resource Label Group, a designer and manufacturer of pressure-sensitive labels for the packaging industry.
Paragon Label is involved in the supply of labelling solutions and flexographic and digital printing capabilities for the wine, food, health and beauty sectors.
The acquisition will help expand Resource Label’s operational expertise and technical support.
Both the companies involved in the transaction are based in the US.
Advent International plans to acquire a majority stake in Manjushree Technopack for Rs23bn ($330m).
Based in India, Manjushree provides plastic packaging solutions to various industries, while Advent International is a private equity firm based in the US.
Manjushree produces injection stretch blow moulding for polyethylene terephthalate (PET) bottles, extrusion blow moulding for high-density polyethylene (HDPE) and polypropylene (PP) bottles, barrier co-extrusion moulding and injection moulding.