Upbeat multinational buys Moscow packaging maker

August 25, 2017

Smurfit Kappa, a Dublin-headquartered multinational packaging manufacturer, has boosted its presence in Russia by buying out a Moscow-based packaging producer.

Smurfit Kappa boosts Russian presence with Soyuz deal

22 August 2017

Smurfit Kappa has acquired Russian corrugated packaging company Soyuz, reinforcing its position in the region.

RPC revenue and profits jump but share prices drop

8 June 2017

RPC has reported a huge jump in revenue and profits but seen share prices dive simultaneously.

Sealed Air sells New Diversey to Bain Capital for $3.2bn

29 March 2017

Sealed Air Corporation is selling its Diversey Care division and the food hygiene and cleaning business within its Food Care division.

RPC Group to acquire North American plastic packaging firm for £552m

13-Feb-2017

RPC Group has announced plans to acquire Letica, a North American manufacturer and distributor of rigid plastic packaging, for £552m

Bullish RPC continues foreign drive with US acquisition

10 February 2017

RPC Group has snapped up US thermoforming packaging business Letica Group, in a £391m deal.

Mondi acquires Excelsior Technologies

6 February 2017

Packaging giant Mondi has snapped up flexible pack firm Excelsior Technologies.

13th edition of the Polymer Sourcing & Distribution conference will be held in Hamburg from 16-17 May 2017

31.01.2017

The line-up includes speakers from Ineos, Moorgate Capital, Nordmann & Rassmann and Elix Polymers.

WestRock to acquire Multi Packaging Solutions

24 Jan 2017

WestRock has entered into a definitive agreement to acquire Multi Packaging Solutions (MPS) for a total enterprise value of 2.28 billion USD.

WestRock swoops for MPS

24 January 2017

US packaging giant WestRock has announced it is to buy Multi Packaging Solutions (MPS).

M&A trend looks set to continue in '17

Monday 09 January 2017

Although the UK print industry has always experienced its fair share of M&A activity, the past few months have been particularly busy in that regard.

Spotlight on… Rigid ¦ Plastics Packaging in 2017

6 January 2017

From innovation to M&A activity, Des King reports on how the rigid plastics sector is likely to perform in 2017.

Spotlight on… Corrugated ¦ Packaging in 2017

6 January 2017

Simon Creasey reports on how the corrugated sector is likely to perform in 2017 and what challenges are on the horizon.

Clondalkin acquisition completion

Thursday 22 December 2016 Richard Stuart-Turner

Clondalkin Flexible Packaging Group has officially transferred ownership to Dutch private equity firm Egeria.

A Year in Review

December 21 2016

2016 started with China at the forefront of the news, as its "One Belt, One Road" policy and "Made in China 2025" programme began to reveal themselves in concrete deals.

CCL Industries to acquire Innovia Group

20 Dec 2016

The Smithfield Group, the managing shareholder of Innovia, has agreed an offer from CCL Industries of 1.13 billion CAD (842 million USD).

Egeria completes Clondalkin Flexible Packaging acquisition

19-Dec-2016

Egeria has completed its acquisition of Clondalkin Flexible Packaging.

Egeria completes acquisition of Clondalkin Flexible Packaging

16 December 2016 Waqas Qureshi

Dutch private equity group Egeria has completed the acquisition of Clondalkin Flexible Packaging Group.

Winners announced at the 2016 PPI Awards

21 November 2016

UPM takes top spot in both Bio Strategy and Financial Strategy categories.

Label and package printing industry predictions for 2017

01 Nov 2016

The label and package printing industry again looks ahead to what the next year will bring, with members of the supply chain telling Labels & Labeling what they expect to be making the headlines over the next 12 months.

A business case for sustainable packaging

October 27, 2016

Sustainable packaging is not an oxymoron – to embrace it as part of the solution, not part of the problem, is good for resilience on a resource-poor planet.

SAICA Group signs agreement to acquire Americk Packaging

14 October 2016

Spanish paper giant SAICA has agreed a deal to buy Americk Packaging, for an undisclosed fee.

Egeria acquires Clondalkin Flexible Packaging Group

12-Sep-2016Jim Cornall

Dutch private equity firm Egeria has signed an agreement to acquire 100% of the shares of Clondalkin Flexible Packaging Group from an affiliate of Warburg Pincus.

Dutch private equity firm snaps up Clondalkin Flexible Packaging

September 9, 2016

Dutch private equity group Egeria has signed an agreement to acquire Clondalkin Flexible Packaging Group.

Dutch private equity firm buys Clondalkin

Friday, September 09 2016 Steven Pacitti

Packaging group Clondalkin Flexible Packaging has been sold to Dutch private equity firm Egeria Capital Management for an undisclosed sum, bringing to an end 12 years of ownership by US firm Warburg Pincus.

Egeria acquires Clondalkin Flexible Packaging Group

09 Sep 2016

Egeria, a Dutch private equity firm, has signed an agreement to acquire 100 percent of the shares of Clondalkin Flexible Packaging Group from an affiliate of Warburg Pincus.

UK Packaging Awards 2016 ¦ Shortlist revealed

8 August 2016 Tony Corbin

This year's judging day took place in July and entries were assessed by senior packaging experts from many of the biggest household names.

High-end UK converters may see Brexit vote boost: Moorgate Capital

28-Jul-2016 PolymerScan

UK converters -- companies which process polymer pellets into plastic -- making high-end products may have gained a competitive edge from sterling's fall since the vote to leave the EU.

Schur Flexibles Group sold to US private equity firm

28 July 2016

New York based private equity firm Lindsay Goldberg is to acquire Schur Flexibles Group, for an undisclosed fee.

Schur Flexibles Group sold to US private equity firm

July 27, 2016

Private equity firm Lindsay Goldberg is to acquire Schur Flexibles Group.

Brexit implications on the cost of UK polymer imports

July 13, 2016

The British pound's sharp slide to 31-year lows versus the US dollar in the volatile aftermath of last month's Brexit vote could potentially hike the United Kingdom's polymer import costs by $100 million.

More dairy companies will expand into the dairy alternative category to offset flat liquid milk sales

08-Jul-2016

More dairy companies will look to expand into the dairy alternative category to offset flat liquid milk sales and take advantage of the +15% compound annual growth rate witnessed by the plant based dairy alternative category.

Packaging industry can weather the Brexit storm

4 July 2016 Waqas Qureshi

The packaging industry is likely to be one of the better performers in the Brexit uncertainty.

Labels and Labelling Q&A: Nicholas Mockett, Moorgate Capital

July 2016

EU Referendum ¦ Britain dramatically votes to leave

June 24, 2016

Ratings agency Moody's has warned that a prolonged period of policy uncertainty following the "leave" vote will weigh on the UK's economic and financial performance.

RPC deal 'emulates Berry and Coveris acquisition strategy'

16-Jun-2016

RPC, which makes rigid plastic packaging for the food, dairy and beverage market among others, is set to acquire British Polythene Industries (BPI) for £261m ($379m), in August, subject to regulatory clearance.

RPC to buy BPI for £261m

Thursday, June 09 2016 Steven Pacitti

UK-based RPC Group has agreed to purchase British Polythene Industries (BPI) for £261 million ($377m) in a cash and share offer.

RPC stuns market with £261m deal for BPI

9 June 2016

Rigid plastics packaging giant RPC has agreed to buy one of Europe’s leading flexibles groups, British Polythene Industries (BPI), in a £261m deal.

RPC agrees deal to buy BPI

09 Jun 2016

RPC Group, a global design and engineering company specializing in polymer conversion in packaging and non-packaging markets, and British Polythene Industries (BPI) have reached an agreement on the terms of a recommended cash and share offer to be made by RPC for the entire issued and to be issued ordinary share capital of BPI.

De La Rue sells cash handling business

Monday 23 May 2016 Jo Francis

De La Rue has sold its Cash Processing Solutions business to private equity house Privet Capital.

Merging the market

May 2016 Paul Hill

Mergers and acquisitions in the plastics packaging industry continue to take place at an increasingly rapid rate.

Packaging in 2016 ¦ Plastic proves its worth for brands

21 March 2016

The numbers stack up for the rigid plastics market with steady growth forecast over the next decade.

Xolution partnership to fund next generation xo2.0 resealable can prodcution

12-Jan-2016

Xolution has closed an equity investment round with Inventure Management, in Singapore, to fund production of its next generation x02.0 resealable beverage can technology.

DuPont, Dow merger – ‘likely to be one of the biggest M&A transactions of 2016’

14-Dec-2015

DuPont and The Dow Chemical Company announced they will merge to become DowDuPont.

Mondi takes top spot in global packaging industry

24 November 2015

Mondi has outperformed its rivals this year, making it the best performer of the world’s 10 largest packaging companies.

The South-African company’s dual-listed shares have gained 70% in Johannesburg and 44% in London.

Nestlé and Iceland to addresss the big issues

October 28, 2015

The inaugural conference takes place from 11-12 November and a full programme of speakers will be going live this week. It takes place at Olympia, London.

EU raises objections to Rexam-Ball deal

23 October 2015

Rexam and Ball could be forced to divest before receiving clearance for their proposed merger.

Rexam has received a statement of objections from the EU Competition Commission regarding the proposed £4.4bn acquisition of the company by Ball Corporation, and it could be instructed to sell its UK operations to rival firms.

Future of Packaging

01 October 2015

Packaging a Trillion-Dollar Circular Economy

The packaging industry is moving into a circular economy of materials rotating in a sustainable loop of smart design, carbon-efficient manufacture, reuse and recycle.

M&A activity shows the attractiveness of the packaging sector

September 17, 2015

Global packaging mergers and acquisitions (M&A) amounted to $29.9 billion in 2014. Four major deals, including the RockTenn-MeadWestvaco merger, have already been announced, taking the value of such deals to near $30 billion in 2015.

‘What is the attraction for investors in carton packaging companies?’

September 16, 2015

The carton industry is fragmented and there is a high probability it will evolve through acquisition, according to Nick Mockett, head of Packaging M&A, Moorgate Capital.

Today an ELF - Tomorrow a Label Industry Giant

26/08/2015

Fast-paced change in the label production market prompted the creation of the new FINAT European Label Forum, which attracted more than 300 participants from Europe and beyond.

Bunzl to acquire Meier Verpackungen packaging distributor

25-Aug-2015

Bunzl has agreed to acquire Meier Verpackungen, which distributes packaging products to food processors throughout Austria.

Ileos to sell folding cartons business to MM Packaging

24-Jun-2015 Andrew McDougall

As it looks to increase its focus on other product lines, it looks like Ileos is selling its folding carton operations to Austrian-based Mayr-Melnhof Packaging (MM Packaging).

'Rapidly changing landscape as packaging suppliers build multi-national footprints'

22-Jun-2015

Mayr-Melnhof Packaging makes an offer to acquire a specialty packaging company in France

18 June 2015

MM Packaging has made an offer to acquire the folding carton operations of Ileos SA, owned by funds of Oaktree Capital Management L.P.

Mayr-Melnhof Packaging to acquire specialty packaging company in France

18 Jun 2015

Mayr-Melnhof Packaging has made an offer to acquire the folding carton operations of Ileos, an international specialty packaging company headquartered in France.

Mayr-Melnhof Packaging makes bid for Ileos

June 17, 2015 Waqas Qureshi

Mayr-Melnhof Packaging (MM Packaging) has made an offer to acquire the folding carton operations of Ileos.

Kraft shareholders to vote on H.J. Heinz acquisition

10-Jun-2015 Jenny Eagle

Kraft shareholders will vote on a proposed acquisition of Kraft Foods Group by H.J. Heinz following a waiting period set by the Hart-Scott-Rodino (HSR) Act, which has now expired.

Apollo to buy Verallia for €2,945m from Saint Gobain

09-Jun-2015 Jenny Eagle

‘There has been some substitution into rigid plastics and stand-up pouches but glass remains a premium product for luxury goods such as beverages’

Study shows UK leading European packaging industry M&A

June 5, 2015 Tony Corbin

A new study reveals that, over the 2010-2014 period, the UK struck the most packaging industry M&A deals, followed by France and Germany.

DS Smith completes Duropack acquisition

02-Jun-2015 Jenny Eagle

DS Smith Group has completed its acquisition of Duropack taking ownership of 14 corrugated packaging sites, two paper mills and 18 recycling sites across nine countries.

Owens-Illinois snaps up Mexican rival in $2.15bn deal

May 15, 2015 Waqas Qureshi

Glass packaging giant Owens-Illinois (O-I) is to buy Vitro – the largest supplier of glass containers in Mexico, in a deal worth $2.15bn (£1.36bn)

Who banked $30 billion in one year?

Thursday, 30 April 2015

Investor appetite for packaging sector is good news for entrepreneurs.

BLOOMBERG TELEVISION

April 22 2015

Sir Peter Heap, Moorgate Capital Chairman, discusses the coming 2015 U.K. election. He speaks with Anna Edwards and Guy Johnson on Bloomberg Television.

Logson Group sets out strategy after Inspirepac sale to Smurfit Kappa

April 17, 2015 Philip Chadwick

Corrugated specialist Logson Group is to focus on its “chosen market sectors” in the wake of its sale of Inspirepac to Smurfit Kappa

International Paper podría adquirir Smurfit Kappa

abril 13, 2015Mariano Saludjian

Según versiones periodísticas International Paper (IP) podría estar considerando realizar una oferta pública audaz de adquisición de su rival Smurfit Kappa, por más de 6 mil millones de libras esterlinas.

International Paper reportedly considers £6bn Smurfit Kappa bid

April 13, 2015 Waqas Qureshi

International Paper (IP) could be considering an audacious takeover bid for rival Smurfit Kappa in a £6bn-plus deal.

New Constantia Flexibles supervisory board approved after completion of Wendel takeover

31 Mar 2015

Following the completion of the acquisition of Constantia Flexibles by French investment house Wendel Group, the company’s new supervisory board has been officially approved.

Amcor buys South Africa's Nampak Flexibles

Thursday, March 26 2015 Steven Pacitti

Australian packaging giant Amcor has acquired South Africa's market leader in flexible packaging, Nampak Flexibles, for ZAR 250 million

Amcor has acquired Nampak Flexibles

26-Mar-2015 Jenny Eagle

‘Flexibles industry is more fragmented than glass or metal packaging but there has been significant M&A activity’

Amcor has acquired South African flexible packaging giant Nampak Flexibles

March 26, 2015 Waqas Qureshi

The $94m business services multi-national and domestic customers in the beverage, food, and home care end markets.

Amcor acquires Nampak

26 Mar 2015 David Pittman

Amcor has acquired South Africa’s Nampak Flexibles in a move intended to allow it to ‘leverage our product innovation and design capabilities’ into the African market.

Amcor takes Nampak Flexibles

26 Mar 2015

AMCOR Flexibles Europe, Middle East & Africa has completed the acquisition of Nampak Flexible and has launched Amcor Flexibles South Africa (AFSA).

Packaging industry responds to the Budget

March 19, 2015

The Chancellor’s Budget is good news for packaging, as it is for manufacturing in general, according to several industry insiders.

Revised order of service

13 Mar 2015 Des King

Although patterns of consumer behaviour are redefining the established retail model, packaging is holding its own as the sector's go-to marketing solution

European cartonboard market tightens up

12 March 2015

PPI Europe

After a very quiet period at the end of last year and a slow beginning in the first two weeks of 2015, the European cartonboard market started to gradually pick up from the second half of January, when a dry pipeline at converters reportedly led to a resumption of orders.

DS Smith ‘cements its position in Europe’ with latest acquisition

23-Feb-2015 Jenny Eagle

DS Smith has acquired Duropack Group (Duropack) recycled corrugated board packaging for approximately €300m ($339m), the transaction is expected to close in the second quarter of 2015.

Metal giant Ball in takeover talks with rivals Rexam

February 5, 2015 Philip Chadwick

Metal can making giant Rexam has admitted that it is in discussions over a potential takeover bid from rival Ball Corporation.

‘Financial investors have woken up to the attractions of packaging’

03-Feb-2015 Jenny Eagle

Wendel has acquired plastic packaging firm CSP Technologies (CSP) for $360m.

US packaging giants RockTenn and MWV in $16bn merger

January 28, 2015

US packaging companies RockTenn and MeadWestvaco (MWV) are to merge to create a global provider of consumer and corrugated packaging.

ECB’s €1.1tr QE programme could cut paper costs for UK printers

Friday 23 January 2015 Simon Nias

The asset purchase scheme follows similar Quantitative Easing (QE) programmes in the US and UK and is intended to increase inflation to around 2% and stave off the risk of deflation (as happened last year when prices in the Eurozone fell by 0.2% in the year to December).

Packaging in 2015 ¦ It could be busiest year yet for sector deals

January 7, 2015

Nicholas Mockett, head of packaging M&A, Moorgate Capital, contemplates the year ahead

Packaging in 2015 ¦ Spotlight on… Rigid Plastics

January 7, 2015

Simon Creasey discovers how converters and packaging specifiers are innovating to improve rigid plastics’ sustainability story and making businesses in the sector stronger than ever

Packaging in 2015 ¦ Spotlight on… Flexible Plastics

January 7, 2015

Flexible plastic packaging is buoyant as it benefits from greater demand for pouches and snacks and adapts to demands for new patterns of production. Sally Cousins reports

Wendel to acquire Constantia Flexibles for €2.3bn

05-Jan-2015 Jenny Eagle

‘Most significant deal in flexible packaging since Amcor’s Alcan bid’

Wendel agrees deal to acquire Constantia Flexibles from OEP

05 Jan 2015

Funds advised by One Equity Partners (OEP) and the H. Turnauer Foundation have agreed to sell Constantia Flexibles to French investment house Wendel Group, valuing the business at around 2.3 billion EUR (2.8 billion USD).

OEP sells Constantia Flexibles to Wendel

January 5, 2015 Tony Corbin

Investement firm Wendel Group is to acquire a majority stake in flexible packaging and labels company Constantia Flexibles.

Investor Wendel souhlasí, že převezme Constantia Flexibles

5. leden 2015

Fondy spravované One Equity Partners (OEP) a H. Turnauer Stiftung souhlasily s prodejem společnosti Constantia Flexibles francouzskému investičnímu domu Wendel Group, ceníce si ji asi na 2,3 mld. eur.

Osborne calls on business to fuel engine of commerce

Monday 08 December 2014

RPC Group buys Promens in €386m deal

Monday 01 December 2014

RPC, the UK-based plastic packaging supplier, has announced the €386m (£306m) acquisition of Iceland-based Promens Group.

Private equity firm Onex snaps up SIG Combibloc

Thu Nov 27 06:22:00 EST 2014

Switzerland's SIG Combibloc is about to get a new owner. The private equity firm Onex announced at the beginning of the week that it has agreed to acquire the provider of aseptic carton packaging for up to Euro 3.75 billion ($4.66 billion).

SIG acquired by private equity firm Onex for $4.6bn

November 24, 2014

Private Equity firm Onex has agreed to acquire cartons giant SIG Combibloc Group in a reported $4.6bn deal

Essentra swoops for Clondalkin SPD in £285m deal

November 12, 2014 Tony Corbin

Essentra is to acquire Clondalkin Group’s Specialist Packaging Division (Clondalkin SPD) for £285m

Essentra signs deal to acquire Clondalkin SPD

13 Nov 2014

Essentra has signed an agreement to acquire Clondalkin Group’s Specialist Packaging Division (Clondalkin SPD) in a move designed to enhance Essentra’s existing geographic presence in healthcare packaging and, through leveraging the combined footprint of both businesses, to exploit both existing and new growth opportunities.

The deal, for a cash consideration of approximately 455 million USD, is expected to complete in the first quarter of 2015, and represents Essentra’s largest acquisition to date.

Medica Packaging splits from Benson Group

November 4, 2014 Waqas Qureshi

Medica Packaging is to separate from the Benson Group and become an independent specialist packaging provider

Medica Packaging becomes standalone business

04 Nov 2014

Medica Packaging has separated from Benson Group and become an independent specialist packaging provider

Plastics Capital hits acquisition trail with Flexipol Packaging deal

November 4, 2014

Plastic products manufacturer Plastics Capital is to acquire Flexipol Packaging

Plastics Capital said the acquisition will “complement its existing packaging business” and is expected to result in near-term cost synergies and long-term cross-selling opportunities.

All roads lead to accelerated M&A frenzy

October 16, 2014 Waqas Qureshi

It’s been a busy year for packaging with investors keen to snap up a raft of the industry’s players, both big and small.

Straco acquires Cedo from UK private equity firm

October 15, 2014 Philip Chadwick

Flexible plastics group Cedo has been sold to a private Belgium family investment company

International Paper stock forecast to surge over next 12 months

July 1, 2014

International Paper (IP) could see shares rise up to 40% in the next 12 months, according to American financial magazine Barron’s.

Mergers and acquisitions return to pre-downturn levels

Monday 30 June 2014

Low cost of capital is driving M&A market

The big macro issue that is affecting the whole market is quantitative easing. QE has increased demand for real assets, and shares are real assets. Stock markets are at, or are close to, their highest levels and quite a lot of that is down to quantitative easing.

Dubai International Capital to sell packaging firm Mauser in £1bn deal

May 12, 2014

Dubai International Capital (DIC) has signed a $1.7bn (£1bn) agreement for the sale of Germany-based packaging group Mauser to private equity firm Clayton Dubilier & Rice (CD&R).

Consolidation Continues in the Packaging Market

08 May 2014 Magazine

Acquisition and consolidation have continued across the global package printing market in the first semester of 2014, with major tie-ups and deals announced across the supply chain.

Rexam to sell closures division to Berry Plastics

March 24, 2014

Global can maker Rexam has agreed a $135m (£81m) cash deal with Berry Plastics for its remaining Containers & Closures division.

‘Pro business’ Budget attempts to address rising energy costs

March 21, 2014

Key figures from the packaging industry have broadly welcomed the Chancellor of the Exchequer George Osborne’s business-friendly measures in this year’s Budget, particularly an initiative to address spiralling energy costs.

Matthews International to acquire Schawk in £347m deal

March 18, 2014

Matthews International has announced it is to acquire brand development competitor Schawk in a deal reportedly worth $577m (£347m).

Graphic Packaging acquires Benson Group

19 Feb 2014

UK carton converter Benson Group has been acquired by Graphic Packaging.

Graphic Packaging buys Benson Group for $165m

19-Feb-2014

Graphic Packaging Holding Company has announced its European subsidiary will acquire Benson Group, a food and healthcare packaging company based in the UK for $165m.

Benson Group acquired for £100m

Wednesday 19 February 2014

UK food and healthcare packaging firm Benson Group has been acquired by Graphic Packaging, 15 months after the US giant bought Contego Packaging’s UK and European food and drink carton operations.

Graphic Packaging International buys Benson Group in £99m deal

February 19, 2014

US packaging firm Graphic Packaging International has announced a major deal to buy UK food and healthcare packaging company Benson Group.

The Big Question ¦ Is the sector seeing a recovery?

February 12, 2014

In the first month of the year, statistics suggested that the sluggish economy was finally moving in an upward direction. Critics suggest that the figures don't tell the full story.

Suppliers and Partners to the Package Printing Market Look Forward to 2014

20 Dec 2013

As 2013 draws to a close, suppliers and partners from across the package printing industries, including those involved in flexible packaging, folding carton and labels, give their predictions for the next 12 months.

LA paper and board suppliers expand capacity to meet demand; RISI gathers 150 people in Miami

Tue Nov 26 13:42:00 EST 2013

“Central America is the place to be if you are a paper or packaging supplier”, said Mike Harwood, president and CEO of World Containerboard Organization

Speculation mounts over sale of Rexam Healthcare division

November 18, 2013 Josh Brooks

Three packaging businesses have been mooted as potential buyers for Rexam’s Healthcare business, although it could go to private equity.

RISI anuncia novos palestrantes do Congresso Latino-Americano de Embalagem

Novembro, 2013

A RISI, líder mundial em informações sobre o setor florestal, vem anunciar novos palestrantes do Congresso Latino-Americano de Embalagem, que acontece de 18 a 20 de novembro, em Miami, nos Estados Unidos.

Moorgate Capital Presents at First Annual Latin American Packaging Conference, Nov-19-2013 10:40 AM

Oct 15 13

Moorgate Capital Presents at First Annual Latin American Packaging Conference, Nov-19-2013 10:40 AM. Venue: Eden Roc Miami Beach, 4525 Collins Avenue, Miami Beach, FL 33140-3226, United States.

RISI Announces Speakers and Programme Lineup for First Latin American Packaging Conference

Friday 20. September 2013

Industry Leaders to Discuss Hot-Button Issues

The conference is RISI’s first packaging event with a dedicated focus on the market in Latin America, a region expected to undergo phenomenal growth and change in the coming years.

Investing for Growth

27 Aug 2013 David Pittman

Constantia Flexibles is investing heavily in its global operations to support growth in both the flexible packaging and label markets.

The Carlyle Group buys British packaging supplier Chesapeake

July 4, 2013, 1:26am

GLOBAL asset manager The Carlyle Group yesterday announced that it has acquired UK-headquartered packaging supplier Chesapeake from private equity house Irving Place Capital and funds managed by Oaktree Capital Management.

The deal value is understood to be near £500m, with debt already in place.

Carlyle Group compra britânica Chesapeake

04/07/13, 01:03

O grupo Carlyle informou ontem que adquiriu a Chesapeake, uma das maiores fornecedoras mundiais de produtos de embalagem de papel para o setor farmacêutico e de consumo, detida pela Oaktree Capital e pela Irving Place.

Carlyle wins chance to take Chesapeake on next steps

4th July 2013

Chesapeake Corp has been sold for “north of £400 million” to Carlyle Group by Irving Place Capital and Oaktree Capital Management.

The Carlyle Group acquires Chesapeake

July 4, 2013 Bonnie Howard

Headquartered in Nottingham, UK, and with nearly 5,000 employees across 38 sites in 9 countries, Chesapeake is a high quality and premium producer of paper-based leaflets, labels and cartons, primarily for the pharmaceutical, confectionery and premium drinks markets for a blue-chip client base. Chesapeake has grown significantly in recent years to produce revenues of €580m in 2012.

The Carlyle Group Acquires Chesapeake, a Global Supplier of Pharmaceutical and Consumer Packaging Products

04.07.2013

Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) today announced the acquisition of Chesapeake, one of the largest global suppliers of value-added paper-based packaging products and services, from Irving Place Capital and funds managed by Oaktree Capital Management.

Carlyle Acquires Chesapeake

July 04, 2013

The Carlyle Group has acquired Chesapeake, a global supplier of paper-based packaging products and services, from Irving Place Capital and funds managed by Oaktree Capital Management. Capital for this investment will come from Carlyle Europe Partners III.

Carlyle Buying U.K. Packaging Co. Chesapeake for More Than GBP400M

July 03, 2013 Shasha Dai

Carlyle Group emerged as the winner of an auction for U.K. paper-based packaging products provider Chesapeake Ltd., acquiring the company from sponsors that include Irving Place Capital Management and Oaktree Capital Management for north of 400 million U.K. pounds, said a person briefed on the deal.

Pharma packaging firm Chesapeake sold to private equity firm Carlyle Group

3-Jul-2013

The Carlyle Group has bought Chesapeake, a global supplier of packaging products and services, from Irving Place Capital and a group of funds managed by Oaktree Capital Management.

The Carlyle Group acquires Chesapeake, a global supplier of pharmaceutical and consumer packaging products

July 3, 2013

Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) today announced the acquisition of Chesapeake, one of the largest global suppliers of value-added paper-based packaging products and services, from Irving Place Capital and funds managed by Oaktree Capital Management.

Chesapeake Acquired by The Carlyle Group

03/07/2013

Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) has announced the acquisition of Chesapeake, one of the largest global suppliers of value-added paper-based packaging products and services, from Irving Place Capital and funds managed by Oaktree Capital Management.

Carlyle picks up Oaktree's Chesapeake

03 JULY 2013 Alice Murray

Carlyle has acquired packaging company Chesapeake from Irving Place Capital and Oaktree Capital Management.

It is understood that Carlyle invested between £400m and £500m. Investment for the deal comes from the €5.3bn Carlyle Europe Partners III fund.

US private equity giants ponder bid for Chesapeake

June 5, 2013

Internationally renowned as a well-known supplier of cartons, labels and leaflets, and specialist plastic packaging, the Buckinghamshire-based Chesapeake has served a variety of big-name manufacturers, including Glaxo Smith Kline, Pfizer, Diageo, Nestlé and Johnson & Johnson.

Concentrate to succeed

May 30, 2013

The industrial economics behind merger and acquisition activity in the packaging market is primarily driven by the sector’s concentration level, with lower levels offering a bigger opportunity to buy and sell.

Packaging industry holds the potential for growth

Thursday, 25 April 2013

Printed packaging markets are likely to grow and these companies will come together for the usual reasons: synergy, access to one another’s customers, a broader geographic footprint, one-stop supply of various products, integration and access to complementary technologies.

Moorgate Capital advises on $243m buyout

March 22, 2013 Andrei Skvarsky

Investment consultancy Moorgate Capital advised on a $243m buyout

Contego Healthcare sold to Filtrona

March 20, 2013

Filtrona, an international supplier of speciality plastic, fibre and foam products, has acquired Contego Healthcare for £160 million.

Platinum Boxing Up Contego Healthcare, Selling to Filtrona

March 20, 2013

Platinum Equity has agreed to sell Contego Healthcare, a portfolio company that makes packaging for the healthcare industry, to a subsidiary of Filtrona for a cash consideration of £160 million ($242 million).

Filtrona announces £160m Contego acquisition

Tuesday, 19 March 2013 Sarah Cosgrove

Plastic, foam and fibre products supplier Filtrona has today (19 March) announced its acquisition of Contego Healthcare for £160m.

Filtrona to acquire Contego Healthcare for £160m

March 19, 2013 Liz Gyekye

Plastic and fibre products supplier Filtrona, owner of Payne, has announced that it will buy Contego Healthcare for £160m

Acquisitive dispositions

March 2013 Paul Gander

The plastics packaging industry has seen plenty of mergers and acquisitions in recent months, with more promised for this year.

Osborne expected to push lending scheme

Friday, 15 March 2013 Simon Nias

The chancellor George Osborne is expected to revamp the faltering Funding for Lending scheme (FLS) in next week's Budget in a bid to get credit flowing to SMEs.

Sun European deal boosts Paragon growth plans

Friday, 11 January 2013 Hannah Jordan

UK-based Paragon Print and Packaging says that a majority share deal with Sun European Partners will enable it to progress future acquisition plans.

Graphic Packaging completes Contego food arm acquisition

January 2, 2013 Josh Brooks

Graphic Packaging completed its £81m acquisition of Contego’s food cartons business on Christmas Eve

Contego Offloads Carton Business to Graphic Packaging

January 1, 2013

Contego Packaging Group, a Platinum Equity portfolio company, has completed the sale of its Contego Cartons business to Graphic Packaging (NYSE: GPK) for £81 million ($130.8 million).

Funding for Lending users cut borrowing by £1.1bn

03 December 2012 Tom Allsop

Lending decreased by £1.1bn across the six banks that borrowed from the Bank of England during the first two months of its Funding for Lending Scheme.

Contego Cartons in takeover

November 16, 2012

Graphic Packaging Holding Company has signed an agreement to acquire Contego Cartons, a leading food and consumer product packaging company based in the UK.

Contego sells food carton business to Graphic Packaging for £81m

November 16, 2012 Josh Brooks

Contego is to sell its food cartons business to the US group Graphic Packaging in an £81m deal that will allow it to focus on its pharmaceutical operations

ECMA maps out the future of carton

November 01, 2012 David Pittman

ECMA is planning to further its role in supporting the European carton market, starting with mapping out the future of the industry at its recent 2012 Congress.

Go East - Europe offers huge potential for growth

Oct. 30, 2012

Central and Eastern Europe (CEE) is offering packaging companies huge potential for growth and expansion. A change in consumer trends and a boost in consumption have meant packaging demand has increased.

According to Moorgate Capital's Nicholas Mockett, although some CEE countries have experienced a recession or slow down, the area remains an attractive market for investment.

Will Fruit Shoot recover from cap disaster?

October 16, 2012 Liz Gyekye

Britvic has endured the kind of summer that is the stuff of nightmares: a product recall on its children’s drink Fruit Shoot, costing the soft drinks giant around £25m.

Mexican wave? Smurfit Kappa Group’s strategic advance into emerging markets

Oct. 2, 2012

Making an inroad into the US and Latin American packaging market is difficult in these highly consolidated market areas, but European market leaders are achieving a presence in the US and the emerging economies of Latin America.

DS Smith looks West and a strategic alliance with RockTenn

Oct. 1, 2012

Strategic alliances are another way of making valuable inroads into the US market. Recent news of DS Smith and RockTenn's recent strategic alliance demonstrates just that.

M&A activity in the packaging sector in 2012

31 August 2012

Mergers and acquisitions are continuing to shape and change the packaging industry as a whole and within the different material sectors, as the industry becomes more consolidated

FFL scheme may be used to boost bank profits

Friday, 10 August 2012 Melanie Defries

Banks may use the new Funding for Lending (FFL) scheme to make profit rather than extend lower lending rates to borrowers, the Bank of England (BoE) has admitted.

Time for a change

27 Jul 2012

With the commercial sector struggling to position itself within a cross media environment, an ever-expanding packaging market could be the print industry's salvation - but there'll be both winners and losers in the process

Reasons to be cheerful – but not complacent

July 21, 2012 Des King

It’s widely agreed that the pronounced focus upon packaging print at last month’s drupa exhibition was no coincidence, nor indeed a one-off. Whilst commercial print is struggling to compete within a cross-channel communications culture where the printed page increasingly plays second fiddle to what’s on the screen, innovative packaging print unequivocally rules the retail roost

Plastic is now fantastic for Mondi after German deal

12 July 2012

The packaging giant Mondi has opted for plastic over paper in a £516 million deal to buy Nordenia of Germany

Mondi, which makes mostly paper packaging, is betting that Nordenia's products, such as stretchable plastic films, will generate strong demand from a growing global pool of consumers.

Moody's downgrade could hit UK print borrowing costs

Friday, 22 June 2012 Simon Nias

UK print businesses could face higher borrowing costs after ratings agency Moody's downgraded all four of the UK's leading high street banks yesterday.

De La Rue silent on drachma as revenues rise

Wednesday 30th May 2012, 1:19am

De La Rue chief executive Tim Cobbold refused to comment on rumours that the money-printing company is preparing to make a new Greek drachma as the firm unveiled a 73 per cent rise in underlying profits.

De La Rue posts profit surge in half-year results

Tuesday, 29 May 2012 Simon Nias

De La Rue has recorded a surge in underlying profits in its preliminary half-year results as the impact of its three-year Improvement Plan took hold.

UK Packaging Awards - The judging process

The UK Packaging Awards are judged by an independent panel of high-profile packaging buyers, specifiers and consultants.

Pira Packaging Summit 2012

Hilton on Park Lane, London

Pira's Packaging Summit is a leadership forum which brings together the senior decision makers in the global packaging industry to debate and strategise on achieving a sustainable future. As in previous years, the spotlight will shine firmly on the packaging people, with an aim to establish future scenarios, commercial impacts and immediate opportunities in packaging.

Stationers hold M&A Roundtable

04 May 2012 News Desk

The Stationers' Company is holding a roundtable event on 21 May focusing on realising shareholder value through mergers and acquisitions.

The Innovations Driving Packaged Brands

24th – 25th April 2012

Kingsway Hall Hotel, 66 Great Queen Street, London

The conference focuses on packaged brands and in particular how innovation is being used -and created- in packaging to strengthen the brand proposition in all respects, shelf presence, functionality, profitability, value adding, cost optimising and more.

Fortune favours bold innovators

April 20, 2012

At first glance the outlook for the rigid plastics industry looks rosy. In a survey published by the British Plastics Federation in July last year, more than 60% of plastics companies predicted an increase in annual turnover and many of those businesses have since gone on to deliver on this prediction.

API Group's major shareholder calls for company to be sold

Friday, 10 February 2012 Melanie Defries

API Group's largest minority shareholder Steel Partner Holdings has called for the foil, holographics and laminates manufacturer to be put up for sale.

AGI-Shorewood plans high end packaging acquisition

Thursday, 02 February 2012 Melanie Defries

AGI-Shorewood is looking to strengthen its presence in the high end packaging market by acquiring another company, European chief executive Tony Garnish has confirmed.

More consolidation likely as DS Smith takeover of SCA changes packing landscape

20-Jan-2012 Rory Harrington

DS Smith’s €1.7bn (£1.4bn) takeover of SCA Packaging is a game changer both for the company and the European packaging sector

DS Smith’s SCA deal is a ‘game-changer’

17 January 2012 Josh Brooks

DS Smith’s planned £1.4bn acquisition of SCA Packaging is a “game-changer” for the corrugated business.

DS Smith launches £1.4bn bid for SCA Packaging

Tuesday, 17 January 2012 Simon Nias

DS Smith has launched a £1.4bn reverse takeover bid for SCA's packaging division, in a deal that would make it the largest corrugated and second largest packaging business in Europe with a turnover of more than £4.6bn.

A shake-up is on the carton cards

5 January 2012 Simeon Goldstein

The last 12 months in the folding cartons sector has resulted in further consolidation. The big players are snapping up smaller rivals and getting into new markets.

Plastics Caps and Closures Europe

Wednesday 2 and Thursday 3 November 2011

Leveraging innovations and identifying strategies to reduce cost and achieve efficiency

Flexible thinking as flexibles market grows

1 November 2011 Simeon Goldstein

A recent report into the flexible plastics sector showed that while Amcor is now the dominant player, overall volumes are growing too.

Sun European Partners acquires Kobush-Sengewald

Tuesday, 18 October 2011 Melanie Defries

Private equity firm Sun European Partners, owner of Polestar, has expanded its portfolio of flexible packaging companies by acquiring Kobush-Sengewald from Pregis.

Ambient emerges from the shadow

September 1, 2011 Staff

Consumers may leave ambient food in their cupboards but designers aren’t so quick to forget, finds Gordon Carson

HIG Europe signs off Bezier MBO

24 Aug 2011 Susannah Birkwood

HIG Europe, the European arm of private equity firm HIG Capital, has acquired Bezier, a UK marketing services provider as part of a management buyout.

POS group Bezier sheds debt and eyes growth after MBO

23 August 2011 Josh Brooks

Point of sale group Bezier has shed much of its debt after it was sold in a private equity-backed management buy-out led by its chief executive Trevor O’Reilly.

Bezier sold in private equity-backed MBO

Monday, 22 August 2011 Adam Hooker

Bezier has been sold in a management buyout backed by HIG Europe, the European arm of private equity firm HIG Capital.

Economy - Opinion - Lending and investment will return to changed landscape

Friday, August 12 2011 Nicholas Mockett, Partner Moorgate Capital

Britton buyer Sun expands again with Unterland acquisition

3 August 2011 Liz Gyekye

Sun European Partners, owner of UK plastic packaging firm Britton Group, has added to its growing portfolio of packaging companies by buying Austrian-based flexible plastic specialist Unterland from Mondi.

Buyers get stuck in to label sector

18 July 2011 Staff

Gordon Carson finds that M&A activity in the labels sector is a result of its central position in the supply chain.

Pira Packaging Summit 2011

Future scenarios, commercial impact and immediate opportunities in packaging

03 - 04 Oct 2011

Sophia Country Club, Antibes, Nice, France

What is the future for packaging...

In 2010 Pira launched its flagship Packaging conference - the Pira Packaging Summit. The unique format of the Summit was designed for senior decision-makers and strategists and provided an excellent platform for assessing current drivers and future scenarios. For 2011 the Pira Packaging Summit will once again bring together the global packaging industry's senior leadership to discuss all of the issues that are set to shape the future of the packaging sector.

Apollo firm buys £220m Rexam assets

Tuesday 21st June 2011, 2:02am

M&A

REXAM, the FTSE 100 packaging maker, has signed a deal to sell its closures business, which makes bottle lids, to US manufacturer Berry Plastics for $360m (£222m).

The deal was announced to markets yesterday following a report in City A.M. on Friday that Berry, owned by US private equity giant Apollo, had been in exclusive talks with Rexam for weeks and was poised to sign for the closures unit.

Berry paid cash for the business, which recorded a pre-tax loss of £177m. Rexam is believed to have made a loss on the assets, which it bought as part of a $1.83bn acquisition from Owens Illinois in 2007.

Nicholas Mockett, a partner at Moorgate Capital and specialist in the industry, said: “It’s unusual for a company like Rexam to sell a business so soon after the acquisition but its new chief executive has taken the decision following the impact of the recession on that particular business unit.”

Rexam said it now plans to “right-size” – that is, cut down – its plastic packaging operations.

Despite analysts broadly welcoming the deal, Rexam’s shares closed down 2.8 per cent.

UK Packaging Awards 2011: Final deadline this Friday

21 June 2011 Staff

Rexam plastics restructure rolls on with Closures sale

20 June 2011 Josh Brooks

Rexam’s restructure of its plastics business has taken another step with a $360m deal to sell its North American closures business to Berry Plastics.

The deal was announced to markets yesterday following a report in City A.M. on Friday that Berry, owned by US private equity giant Apollo, had been in exclusive talks with Rexam for weeks and was poised to sign for the closures unit.

Hart gazumps Silgan in bid for Graham Packaging

17 June 2011

Graham Packaging is set to become part of billionaire Graeme Hart’s packaging empire after he outbid rival Silgan’s $1.3bn attempt to buy the plastics multinational.

Business Finance

Friday, June 10 2011

With lenders getting fussier about to whom and how much they're prepared to offer finance, setting out to secure a loan can be a daunting prospect. However, it needn't be, provided you do your homework.

The art of persuasion: how to get hold of an umbrella

Friday, 10 June 2011 Simon Nias

With lenders getting fussier about to whom and how much they're prepared to offer finance, setting out to secure a loan can be a daunting prospect. However, it needn't be, provided you do your homework

UK Packaging Awards 2011: Deadline two weeks away

31 May 2011

Time is running out to enter the UK Packaging Awards 2011, with the entry deadline just two weeks away.

Ardagh plans US listing as more consolidation predicted

10 May 2011 Josh Brooks

Glass and metals giant Ardagh Group is planning a stock-market listing in the US this year in a move that experts have predicted could fuel more consolidation in packaging.

UK Packaging Awards 2011

1 May 2011

Heinz, Innocent and PZ Cussons are the latest brands to confirm they will be judging the UK Packaging Awards 2011.

UK Packaging Awards 2011: Kraft, Reckitt Benckiser and Arla join judging panel

26 April 2011

Kraft, Reckitt Benckiser and Arla Foods are the latest brands to confirm they will be judging the UK Packaging Awards 2011.

UK Packaging Awards 2011: P&G, Sainsbury’s, PepsiCo and Asda join judging panel

18 April 2011

Procter & Gamble, Sainbury’s, PepsiCo and Asda are the latest brands and retailers to confirm they will be judging this year’s UK Packaging Awards.

UK Packaging Awards 2011: Morrisons, Unilever, Boots and M&S on judging panel

11 April 2011

Major brand owners and retailers including Morrisons, Unilever, Marks & Spencer, Findus and Alliance Boots are among the first confirmed judges for this year’s UK Packaging Awards.

Polestar in talks with US-based Sun Capital, reports claim

Tuesday, 05 April 2011 Simon Nias

Polestar could be on the verge of being sold to a major US-based private equity group, according to reports.

Briefing: Little for print to get excited about in 'Budget for growth'

Friday, 01 April 2011 Simon Nias

In his epic struggle to balance the country's books, the chancellor had very little leeway for generosity. However, he did miss a couple of open goals

Finance experts' reaction to the Budget 2011

Wednesday, 23 March 2011 Simon Nias

Cuts to corporation tax and fuel duty and a one year extension to the Small Business Rate Relief (SBRR) holiday were the main news for business from today's "fiscally neutral" budget.

Budget Live!: Real-time updates and expert commentary

23 March 2011 Liz Gyekye

Join Packaging News and a panel of industry experts for live updates and commentary on the Budget 2011.

Is the time right to be selling up?

February 15, 2011

There are many reasons to sell a business – from wanting to cash in on years of hard work to finding a new partner to grow the company. But the process requires plenty of careful planning

Double-dip fears as Q4 GDP figures show shock contraction

Thursday, 27 January 2011 Simon Nias

The UK economy shrunk 0.5% in Q4 2010, according to preliminary figures from the ONS, sparking fears that the country could be headed back into recession.

European gravure giant fails to refinance

Tuesday, 18 January 2011 Simon Nias

One of Europe's largest gravure printers has failed to refinance its debt resulting in its insolvency.

RPC to buy Superfos

December 17 2010 Michael Kavanagh

RPC, the plastic packaging specialist, is to buy Danish rival Superfos for €240m ($319m, £204m) in an attempt to extend its reach across Europe into Scandinavia, Turkey and North Africa.

The Big Question – Is packaging going to create jobs in 2011?

1 December 2010

In October’s spending review, Chancellor George Osborne called on private firms to assume public sector job losses and create half a million new jobs in the coming years. We asked the sector for its view on the jobs market in packaging in the year ahead

UK Packaging Awards 2010: The Judges

4 November 2010 Josh Brooks

Meet the judges who picked the winners of the UK Packaging Awards 2010.

CSR spells public and private sector pain

Friday, 29 October 2010 Matt Whipp

When chancellor George Osborne put half a million public sector jobs on the line in his Comprehensive Spending Review (CSR), he was betting the farm on a recovery.

Pira Packaging Summit 2010

05 - 06 Oct 2010

Future scenarios, commercial impact and immediate opportunities in packaging

The Pira Great Packaging Debates take expert commentary, lively debate and audience interactivity to a completely new level. Each panel of experts, thought leaders and high-profile industry representatives will be on hand at the Pira Packaging Summit on 5 & 6 October 2010 at the Copthorne Tara Hotel, London, to debate the most pressing questions facing the packaging industry today.

Ardagh buys Impress for EUR1.7bn

28 September 2010

Ardagh Glass is buying metal-packaging giant Impress for EUR 1.7bn from private equity firm Doughty Hanson in a move that creates a packaging group with a turnover of more than EUR 3bn.

Asda and Coke among brands to reveal all at Pira summit

28 September 2010 Josh Brooks

Asda, Coca Cola, Dell and Puma are among the brands set to speak at next week’s Pira European Packaging Summit.

Ardagh buys Impress for EUR1.7bn

27 September 2010 Josh Brooks

Ardagh Glass is buying metal-packaging giant Impress for EUR 1.7bn from private equity firm Doughty Hanson in a move that creates a packaging group with a turnover of more than EUR 3bn.

Doing Business in Brazil: New Trajectories for Growth

30 June 2010

Queen Elizabeth Hall Foyer, Southbank Centre, London

Our speakers will share their insights concerning the increasingly significant role of Brazil on the international stage and the positive shifts in the political and business landscape that are drawing international investors to its shores.

Industry calls for quicker tax cuts after Osborne’s first budget

23 June 2010 Josh Brooks

Industry groups including the British Plastics Federation have called for George Osborne to accelerate cuts to corporation tax after the Tory chancellor’s first budget yesterday.

Sainsbury’s, SAB Miller and B&Q join judging panel for UK Packaging Awards

11 May 2010 Josh Brooks

Top packaging buyers from Sainsbury’s, SAB Miller and B&Q are among the latest industry experts to join the judging panel for this year’s UK Packaging Awards.

Hung parliament bodes ill for print businesses

7 May 2010

The UK print industry faces an uncertain future after the nation awoke to its first hung parliament in a generation this morning (7 May).

Interest rates stay at 0.5% for 11th month

The Bank of England (BoE) has kept interest rates on hold for the 11th consecutive month as the fragile economic recovery continues to supersede inflationary fears.

Economists predict hard times ahead despite end to recession

Friday, January 29 2010

The UK economy is officially out of recession after the latest GDP figures from the Office for National Statistics (ONS) revealed less-thanexpected growth of 0.1% in the fourth quarter of 2009. Prior to Q4 2009, the UK economy contracted by a total of 6.1% over a record six consecutive quarters from April 2008 in what was the longest and deepest recession on record.

Rio seeking sale of Alcan Beauty

December 2009

The article reports on the move of mining company Rio Tinto PLC. to sell the Beauty division, the remaining part of Alcan Packaging in Great Britain. It states that Rio appointed Ernst and Young Inc. to look for potential buyers of Beauty division which generated 932 million U.S. dollars in 2008. Nicholas Mockett of Moorgate Capital stresses that there is a possibility that rigid packaging companies are interested to buy the said part.

2010年展望:摩基特资本公司的尼古拉斯·莫克特

2009-12-29

近日,摩基特资本(Moorgate Capital)公司的尼古拉斯·莫克特向英国印刷媒体的记者介绍了他对新年的新期望。

New year's prediction: Nicholas Mockett, Moorgate Capital

27-12-2009

Businesses escape significant tax increases in PBR

09-12-2009

Businesses will not bear the brunt of the government's need to reduce the deficit, Alistair Darling revealed in his pre-Budget report (PBR) today.

UK Packaging Awards 2009: The Judges

5 November 2009 Josh Brooks

Nicholas Mockett - M&A consultant, Moorgate Capital:

Nicholas is an M&A consultant who has focused on the packaging, paper and printing industries for more than 15 years and advised on deals worth more than €4bn.

ONS figures illuminate longest recession since records began

Friday, October 30, 2009

Majids return with Europackaging buy

30 September 2009 David Elliott

Europackaging founders the Majid family have bought the firm back in a pre-pack deal less than three years after they sold the business to private equity.

Europackaging bought back in job-saving deal

Sep 8 2009 Jon Griffin

Nearly 200 jobs have been saved at Birmingham-based Europackaging after it was bought back by former owners the Majid family, it was revealed yesterday.

Europackaging acquired by former owners

07 September 2009

Moorgate Capital, Lloyds Bank, Bank of Scotland and KPMG were all instrumental in the deal, which will safeguard 800 jobs worldwide.

Amcor suspends shares ahead of imminent Alcan announcement

17 August 2009 Jill Park

Amcor’s long-awaited purchase of part of Alcan Packaging looks set to finally be completed this week after the Australian group suspended trading of its shares this morning.

Amcor’s $2.8bn Alcan deal ‘will happen in next 10 days’

10 August 2009 Jill Park

Speculation is mounting that Amcor’s planned buyout of Alcan Packaging will happen in the next 10 days as the company comes close to finalising a US$1.2bn loan to fund the acquisition.