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Day: April 5, 2023

Acquisition roundup: Optimum Group buys HP-ETIKETT, CCL acquires eAgile and Alert Systems ApS

GERMANY – The Netherlands-based Optimum Group has snapped up Germany-based self-adhesive label maker HP-ETIKETT for an undisclosed sum.  As per the terms of the acquisition, the existing management team of HP-ETIKETT will remain within the company. The deal supports Optimum Group’s European growth plans and is expected to expand its footprint in Germany. Under the Optimum Group, HP-ETIKETT will now…

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Canada Plastics Pact welcomes new stakeholders to help drive circular economy for plastics packaging

CANADA – Canada Plastics Pact (CPP) is pleased to welcome five new Signatory Partners in Q1 of 2023 who united under the CPP’s shared action plan to build a circular economy for plastic packaging in Canada. The new Signatory Partners of the CPP are Apical Reuse, Soapstand, Reusables.com, Lantic Inc., and Change Plastic For Good Inc. CPP’s growing list of…

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Sonoco’s EnviroFlex Paper receives How2Recycle labeling pre-qualification

USA – Sustainable packaging provider Sonoco has announced that its high barrier paper-based structure, EnviroFlex® Paper Ultimate (ULT) 1.0, has received How2Recycle® pre-qualification after meeting all requirements of the Fibre Box Association’s Voluntary Standard for Repulping and Recycling. This pre-qualification comes as a result of Sonoco’s ongoing efforts to develop innovative, sustainable packaging solutions. How2Recycle is the first standardized label…

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Greif increases its stake in Centurion Container LLC to 80% for US$145M

USA – American manufacturing company, Greif has increased its stake in Centurion Container LLC in an all-cash transaction valued at US$145 million. The deal pending customary closing adjustments will increase Greif’s ownership in the company from 9% to 80%. Centurion, one of the leaders in intermediate bulk container (IBC) and plastic drum reconditioning in North America, operates a network of…

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Indorama teams up with Evertis to use recycled PET trays in food packaging films

EUROPE – Thailand-based packaging producer Indorama Ventures has inked a deal with Portuguese PET barrier films producer Evertis to use flake from recycled polyethylene terephthalate (PET) trays to produce PET film suitable for food packaging trays. After six years of research and development, Indorama Ventures is commercially producing recycled PET flakes from post-consumer trays in its Verdun facility in France.…

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Toppan expands transparent barrier film production in Europe with first in site Czech Republic

CZECH REPUBLIC – Japanese leader in communication, security, packaging, décor materials, and electronics solutions, Toppan will open a new plant in Most, the Czech Republic, expanding its operations into Europe. Toppan aims to commence mass production at its first transparent barrier film manufacturing site in Europe by the end of 2024. With the launch of the new plant, Toppan will…

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