• AEGG expands into glass spirits bottle packaging

    News: 

    The food jars and soft drinks bottles specilalist’s spirits bottles feature a cork finish, and each hold 700ml.

    The custom-designed traditional look with a modern twist makes them suited for whisky, gin, vodka and rum.

    AEGG said the range can be further tailored for more bespoke designs, including embossing, debossing, frosting, screen printing and colour spraying.

    Jamie Gorman, Aegg managing director, said: “We have partnered with a carefully vetted strategic glass partner to bring this core range of exclusive spirits bottles to the UK, which are available from early 2022.

    “We have invested over £6m in our glass-related infrastructure since 2018, to meet significant increased demand in our glass business. We created our own logistics hub in Suffolk, providing in-house warehousing and transport facilities for our glass products.”

    He added the company is continuing to invest in staff, with added expertise in the spirits drinks business as well as within the quality & technical team.

  • ProAmpac Acquires Euroflex to Strengthen Printed Film, Lamination and Pouching Capabilities in Ireland

    News: 

    Euroflex is a leading supplier of protein packaging products to meat, cheese and dairy industries in Ireland, one of Europe’s largest producers. The company also serves fast-growing segments including coffee, pet food and nutrition supplements. Euroflex brings extensive expertise in high-barrier flexible packaging and a track record of R&D innovations for resealable and retortable packaging. This acquisition expands ProAmpac’s manufacturing capabilities for printed film, lamination and pouching solutions in Ireland as the company serves a growing base of multinational customers.

    Greg Tucker, Founder and CEO of ProAmpac, said, “Euroflex is an exciting addition to the ProAmpac family in Europe. This family-owned business shares our values and continues to deliver strong performance, with a leading position serving Ireland’s meat, cheese and dairy markets. We are delighted to add Euroflex’s high-quality product offering, innovative R&D-focused team and relationships with blue-chip multinational customers to ProAmpac’s growing European platform.”

    Derek Richardson, CEO at Euroflex, said, “We are thrilled to join ProAmpac and partner with Greg and the entire ProAmpac team. With this combination, our expertise in high-barrier applications will complement ProAmpac’s broad offering of high-quality flexible packaging products. We are able to take this next step for our business because of the continued hard work and dedication of our team, and we are confident in the growth opportunities ahead.”

    Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. With the addition of Euroflex, ProAmpac has 44 sites globally, with nearly 5,800 employees supplying over 5,000 customers in 90 countries. ProAmpac innovates, engineers and manufactures flexible and sustainable packaging and material science solutions for various consumer, healthcare, e-commerce, retail and industrial goods markets. Euroflex will adopt the ProAmpac brand and will maintain operations at its manufacturing facilities in County Donegal, Ireland.

    Chris Trick, Investment Partner at Pritzker Private Capital, said, “This acquisition represents an important strategic growth opportunity for ProAmpac in Ireland and Europe. Euroflex’s strong portfolio and leading market position strengthen the high-quality offering ProAmpac delivers to its customers. We look forward to a successful partnership.”

  • Kelso buys majority interest in CL Smith

    News: 

    CL Smith specialises in manufacturing, warehousing, distribution and custom-designing rigid packaging solutions.

    The company also operates Lyons Blow Moulding, an extrusion blow moulding facility in Brooklyn, Missouri, and is the exclusive distributor of products produced there.

    CL Smith’s HAZPlus division serves as a one-stop resource for hazardous materials (HAZMAT) containers and packaging requirements. It acts as a self-certifier and conducts both new and re-certification performance testing.

    Following the acquisition, Kelso will merge CL Smith with its present investment in Inmark, a company that distributes packaging products for the rigid container and life sciences markets.

    CL Smith CEO Sarah Macdonald said: “We are pleased to welcome an experienced investment partner who shares our vision for the expansion of the company into a national packaging provider.

    “Working together, we will strengthen our customer-focused value proposition and best-in-class service offering.”

    Kelso investment partner Sandy Osborne said: “At Kelso, we constantly seek opportunities to partner with experienced operators with successful track records.

    “Sarah Macdonald and the CL Smith management team have generated impressive historical performance while further strengthening the company’s differentiated market position.

    “We look forward to working together to continue CL Smith’s exceptional growth trajectory.”

    The financial details of the transaction have not been disclosed.

    Kelso acquired the interest from Nancy Smith, who will invest proceeds in relation to the deal along with CL Smith’s management.

    Debevoise and Plimpton acted as legal advisor to Kelso.

    Ms Smith said: “CL Smith has a long and rich history of providing best-in-class customer service. We are excited to partner with Kelso, who share in our passion for customer care, our people and our culture.

    “These customer-centric values are the root of CL Smith’s success and serve as our roadmap for future growth.”

  • Warburg acquires controlling stake in Parksons Packaging

    News: 

    American private equity (PE) firm Warburg Pincus on Monday said its affiliate Green Fin Investments BV has acquired a majority stake in Parksons Packaging Ltd, it said in a statement.

    As part of the transaction, existing PE investors Kedaara Capital AIF 1 and Olza Holdings Ltd and IIFL have fully exited their investment in Parksons and the promoter Kejriwal family has sold a partial stake, Warburg said. Family members Ramesh Kejriwal, Siddharth Kejriwal and Chaitanya Kejriwal will continue to retain their current positions of chairman, managing director and joint managing director, respectively, and will drive the business going forward, it added.

    Financial details of the transaction were not disclosed. However, a banker aware of the details said that Warburg has acquired around 80% stake in the company at an enterprise value of around ₹2,200 crore.

    The company recorded revenue of around ₹1,000 crore last fiscal, he added. Parksons revenues have grown at a compound annual growth rate of 15.5% over the last five fiscals through FY20 while maintaining a healthy double-digit operating margin, rating agency Crisil Ltd said in a September report.

    The deal highlights a growing PE interest in packaging businesses in India driven by rising demand for packaging of household, medical, edible and lifestyle products in Asia’s third largest economy.

    PE firm Blackstone acquired glass packaging major Piramal Glass in December for close to $1 billion. It had earlier acquired a 75% stake in Essel Propack in 2019 for $470 million.

    “The paper packaging market is expected to demonstrate strong growth over the next five years, driven by underlying expansion in consumer end markets, further bolstered by secular tailwinds of sustainability and premiumization," said Vishal Mahadevia, managing director and head of India at Warburg Pincus.

    Parksons claims to be India’s largest independent folding carton manufacturer with a diversified product portfolio and over 300 customers across consumer, food, pharmaceutical and other end-markets.

  • ProAmpac Acquires El Dorado Packaging

    News: 

    Terms of the transaction were not disclosed.

     

    El Dorado manufactures customized paper-based packaging and printing solutions for retail and industrial markets. 

     

    With three plant locations in Arkansas, Minnesota and Nebraska, El Dorado produces paper self-opening sacks, rollstock for consumer packaging and industrial multi-wall bags for food service, seed, animal health and chemical markets. 

     

    "Together with El Dorado, we will enter new end markets, broaden our product offering and serve an expanding customer base with high-quality, innovative flexible packaging solutions," said Greg Tucker, founder and CEO of ProAmpac.

     

    Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. The addition of El Dorado is ProAmpac’s third acquisition in 2021. 

     

    ProAmpac has 41 manufacturing sites globally, with more than 5,200 employees supplying more than 5,500 customers in 90 countries. ProAmpac innovates, engineers and manufactures flexible and sustainable packaging and material science solutions for various consumer, healthcare, e-commerce, retail and industrial goods markets. 

     

    El Dorado will adopt the ProAmpac brand and will maintain operations at its three manufacturing facilities.

  • Pakistan’s leading machinery lubricant maker enters into plastic packaging business

    News: 

    “We are pleased to announce that the executive management of HTL has decided to enter new business opportunities in the plastic packaging industry by venturing into the production of plastic products for external customers and third parties,” said HTL in a statement.

    The company informed that this business will be pursued through the existing plant site of HTL subsidiary Hi-Tech Blending (Pvt.) Ltd. (HTBL).

    The company said that its subsidiary HTBL has been producing bottles for its own needs since 2016 for both its locally blended and locally filled products. “Having attained substantial experience in extrusion blow molding and injection molding, the company has been exploring the provision of similar plastic packaging to outside customers for some time,” it said.

    HTL said that it has been approached by potential customers to provide various types of plastic bottles and informed that the processes for import and installation of requisite machinery in the extrusion blow molding machine and feeding recycling system section of the plant site of HTBL have been initiated for the production of various quality products for external customers and local third parties.

    The company said it had initiated process of import and installation of 06/04 Head Double Station Machine for bottles of different types/sizes from 50 ml to 1000 ml for Fast Moving Consumer Products (FMCG), import and installation of multi-layer 2 head double station machine for oxygen sensitive products/bottles and import and installation of injection molding machine for caps, buckets and auto parts.

  • Zeus Acquires Austrian Food Packaging Company For €40 Million

    News: 

    Irish-owned Zeus Packaging, the leading independent packaging manufacturer and distributor, has today announced the acquisition of Austrian-based food packaging solutions business, Petruzalek, which was part of Sirap-Gema Group. Today’s acquisition further expands and strengthens Zeus’s geographic presence across 12 countries in Western, Central and Eastern Europe.

    In 2020, Petruzalek achieved revenues of approximately €58 million, net assets of €16 million and EBITDA of €2.5 million. The acquisition, for an undisclosed sum from Italian investment holding company, Italmobiliare, completes a three-year €40 million acquisition strategy for Zeus. It is the seventh business to be integrated into the Zeus family during the past 18 months. Established by Brian O’Sullivan in 1998, this acquisition brings the number employed by Zeus from 450 people across 14 countries to 670 people across 26 countries. The group’s turnover has grown substantially over the past three years, reaching €208m in 2020 and expected to reach €280m for 2021.

    Commenting on this latest acquisition, Zeus CEO Keith Ockenden said: ‘This latest acquisition is the largest in our strategic expansion, and along with recent investments in our leadership operational infrastructure, is an integral part of Zeus’s long-term growth strategy. The purchase of Petruzalek significantly extends our reach into new markets, brings complementary diversification to our product range and further enhances our client network.

    “Petruzalek’s product range utilises low environmental impact renewable, recyclable and compostable materials enabling us to further deepen our focus on sustainability in 2021. As always, we are committed to delivering innovative sustainable packaging solutions for our valued clients in Ireland, the UK and across Europe. This move enables a true European supply solution for customers looking to consolidate supply chains and maximise cost efficiencies.”

    Zeus Founder Brian O’Sullivan said: “In 2020, despite the pandemic, Zeus reached a milestone with revenues exceeding €200 million. With today’s announcement, Zeus remains on track to become the largest independent packaging distribution business in Europe. The acquisition of Petruzalek not only further builds on our scale, but strengthens our operating platform across Europe.”

  • Südpack to acquire Dutch firm LPF Flexible Packaging

    News: 

    Germany-based Südpack has agreed to acquire the Netherlands-based LPF Flexible Packaging from Clondalkin Group for an undisclosed sum.

    Based in Grootegast and established in 1907, LPF is involved in the manufacturing of high barrier films for sensitive products.

    LPF, which was part of the Clondalkin since 2005, is engaged in the development and production of packaging materials.

    LPF develops and produces printed and unprinted duplex and tri-plex packaging laminates, which can offer better protection and extend the shelf life of the products.

    The company, which serves global brands, provides packaging solutions to the food, pharmaceutical and technical products.

    Südpack stated that LPF has extensive R&D and business development resources to support its strategy, in addition to broad product and industry expertise.

    Upon completion of the deal on 1 February 2020, the workforce of LPF will be included in Südpack and the continuity of the company’s operations will be secured.

    Südpack also noted that the production of the laminates continues without alterations at its sites in Ochsenhausen and Bioggio in Switzerland.

    Südpack CEO Erik Bouts said: “We value LPF’s high level of development and market competence and plan to establish the site in Grootegast as a Competence Center for High Performance Laminates over the long term within the Südpack Group.

    “In doing so, we want to further expand Südpack’s expertise and performance portfolio in the development and production of high-performance laminates for various applications in order to serve attractive emerging markets and tap into new markets.”

    In July last year, Südpack began construction on a new advanced complex at its site in Klobuck near Czestochowa, Poland.