M&As this week: Reno De Medici, TricorBraun

24 November 2017 (Last Updated November 24th, 2017 09:55)

Reno De Medici (RDM) plans to acquire the remaining 66.67% stake in Pac Service, increasing its shareholding in the company to 100%.

Reno De Medici (RDM) plans to acquire the remaining 66.67% stake in Pac Service, increasing its shareholding in the company to 100%.

RDM is engaged in the production and distribution of carton boards, while Pac Service manufactures paper and paper products.

Both the companies involved in the acquisition are based in Italy.

“The acquired company will be renamed as ‘Taipak, A TricorBraun Company’.”

TricorBraun has acquired Canadian flexible packaging manufacturer Taipak Enterprises, marking its entry into flexible packaging.

The acquired company will be renamed as ‘Taipak, A TricorBraun Company’ and managed by its current owners Joey Lin and Charanjit Hayre.

TricorBraun is engaged in providing packaging solutions, while Taipak Enterprises offers standard and custom flexible packaging solutions including boxes, bags, and pouches.