M&As this week: Space Holding, United Caps, CCL Industries

20 April 2018 (Last Updated April 19th, 2018 11:27)

Space Holding and Peninsula Capital Partners have acquired Italian non-refillable closures manufacturer Guala Closures from Neuberger Berman Group and GCL Holdings for $1.36bn.

Space Holding and Peninsula Capital Partners have acquired Italian non-refillable closures manufacturer Guala Closures from Neuberger Berman Group and GCL Holdings for $1.36bn.

Space Holding is an Italian investment firm, while Peninsula Capital is a US-based private equity firm.

Neuberger Berman is an American asset management holding firm while GCL Holdings is a private equity firm.

Caps and closures producer United Caps Luxembourg has acquired Spanish closure manufacturer Embalatap for an undisclosed consideration.

Following the acquisition, Embalatap’s complementary product line will be marketed under the United Caps brand. The acquisition is expected to strengthen United Caps’ product portfolio.

“As part of the acquisition, all Embalatap employees will join United Caps.”

As part of the acquisition, all Embalatap employees will join United Caps and the existing manufacturing facility will be maintained and operated by the acquirer.

United Caps Luxembourg’s products are used in food and non-food markets.

CCL Industries has purchased all the entities of Imprint Plus for C$25m ($19.85m) in cash.

CCL is a manufacturer and seller of labels, containers, and consumer printable media products, while Imprint Plus manufactures custom name badge systems, signage systems and accessories.

Both the companies involved in the transaction are based in Canada.

Bunzl has completed the acquisition of Monte Package Company for an undisclosed sum.

Based in the US, the target company distributes packaging products to fresh food growers.

Bunzl is a UK distributor and supplier of non-food consumable products.