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Day: July 19, 2022

SCGP bolsters recycling portfolio with acquisition of Peute for US$78.4M

THAILAND – Thailand-based packaging provider SCG Packaging has acquired Peute Recycling, a Dutch company that recycles and trades packaging material, for around THB2.87bn ($78.4 million). The acquisition is through SCGP Solutions (Singapore) Pte. Ltd., which is a wholly owned subsidiary of SCGP. Peute’s financial performance will be consolidated from July 2022 onward. According to SCGP, this transaction will enable the…

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Dow receives certification for post-consumer recycled content of PE compound resins

SWITZERLAND – Dow has obtained UNE-EN 15343 certification for plastics recycling traceability and recycled content for its post-consumer recycled-rich resins, REVOLOOP. The certification has been granted by AENOR, a global company and the Spanish leader in conformity assessment and extends to all three grades offered by Dow in Europe. According to Dow, REVOLOOP’s PE compound grades incorporate a high volume…

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Mill Rock Packaging completes acquisition of specialty printing firm Impressions

US – Mill Rock Packaging Partners, a portfolio company of private investment firm Mill Rock Capital, has completed the acquisition of US-based specialty packaging and printing company Impressions. Based in St Paul, Minnesota, Impressions specializes in designing, engineering and producing high-end paperboard packaging and commercial printing products for various end markets. The company’s core offering spans a broad range of…

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Swire snaps up Coca-Cola bottling assets in Vietnam and Cambodia for US$1B

VIETNAM – Swire Pacific has expanded its Coca-Cola bottling business into Southeast Asia with the acquisition of Coca-Cola bottling businesses in Vietnam and Cambodia for US$1.02 billion. The transaction will see Swire own and operate Coca-Cola Beverages Vietnam, which has three bottling facilities, and Cambodia Beverage Company, which has one bottling site. The company says that, upon completion of the…

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Berry develops resealable and refillable mono-material container for wet wipes

US – US-based plastic packaging maker Berry Global has developed a new refillable and airtight wet wipes container for French chemical and analytical consultancy Hitam. The new product offers valuable sustainability benefits through its re-usability and mono-material construction in a practical 5.3l container. Berry says that the wet wipe container is durable and reusable, with an easy refill option once…

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Elopak sells its Russian operations to local management

NORWAY – Elopak, a leading global supplier of carton packaging and filling equipment has announced its decision to sell its Russian business (JSC Elopak) to local management. The company will sell 100% of its shares to Packaging Management and Investing, which is owned by the management of JSC Elopak, as reported by Reuters. The operational activities of Elopak’s Russian business…

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De Jong Packaging acquires controlling stake in Germany’s WSG

GERMANY –   Dutch corrugated packaging producer De Jong Packaging Group (DJPG) has bought the majority stake in German Wellpappenfabrik Grünstadt-Sausenheim (WSG). Founded in 1996, DJPG is one of the main corrugated factories in Europe and claimed to be the one impartial corrugated producer in the Netherlands. The deal will advance DJPG’s development technique and strengthen its presence within the German…

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M&S to cut food waste by removing ‘best before’ labels from fruit and veg items

UK – British multinational retailer, Marks and Spencer Group (M&S) is removing best before dates from a range of fresh produce to help reduce in-store and household food waste. Best before dates will be removed from the labelling of over 300 fruit and vegetable products (85% of M&S’ produce offering) including commonly wasted items apples, potatoes and broccoli. Dates will…

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