Novvia Group bolsters portfolio with acquisition of Innovative Container

US – Kelso -backed Novvia Group has completed the acquisition of plastic, metal, glass, and corrugated containers distributor Innovative Container. Founded in 2009, Innovative Container has been serving the Southern California market with a line of rigid packaging solutions such as pails, drums, bottles, jugs, jars, and cans. Operating out of a 20,000-square-foot distribution facility in La Mirada, Innovative provides…

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Plastipak opens new recycling facility in Spain, expanding production

SPAIN – Plastipak, a global leader in the design, manufacture and recycling of plastic containers has opened its new recycling facility in Toledo. The facility will convert PET flake into food-grade recycled PET (rPET) pellets suitable for direct use in new preforms, bottles and containers. The new recycling plant will produce 20,000 tons of food-grade recycled pellets per year and…

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JK Paper goes for majority stake in Horizon Packs and Securipax Packaging

INDIA – Indian paper and packaging board company JK Paper has agreed to acquire 85% of the shares of Horizon Packs (HPPL) and Securipax Packaging (SPPL) for around Rs5.78bn (US$70.68m). JK Paper will acquire 269.2 million equity shares in HPPL, paying Rs19.33 (US$0.24) for every Rs10 (US$0.12) share. The company will also buy 463,000 SPPL equity shares for Rs1,256.95 (US$15.36)…

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Vetropack to scale operations in Italy with glass manufacturing facility

ITALY – Swiss glass manufacturer Vetropack Group has announced plans to invest over US$417.6 million (CHF 400 million) in a new facility located near Milan in Italy. Located at Boffalora Sopra Ticino near Milan, the new advanced site provides more flexibility in production with enhanced capacities and a focus on sustainable operations. Vetropack said that the new site aligns with…

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Elopak launches fully automated warehouse in Terneuzen to scale operations

NETHERLANDSGlobal supplier of carton packaging and filling equipment Elopak has launched operations at its new fully automated high-bay warehouse in Terneuzen, Netherlands. The high-tech, modern facility has been built to the latest standards, offering improved logistics and increasing efficiency by replacing storage over multiple sites and automating previously manual processes. In line with Elopak’s strong commitment to sustainability

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WestRock to sell stake in RTS to Sonoco, offloads two URB mills to Ox Industries

US – American corrugated packaging company WestRock has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging to its joint venture (JV) partner Sonoco. The deal, valued at US$330 million, also includes one WestRock paper mill in Chattanooga, Tennessee, US. Formed in 1997, RTS Packaging combines the former protective packaging operations of WestRock and Sonoco.…

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Greif to bolster jerrycan business with US$300M acquisition of Lee Container

US – American manufacturing company, Greif has agreed to acquire the manufacturer of jerrycans and other barrier and conventional blow-molded containers, Lee Container for US$300 million. The purchase price is before taking into consideration tax benefits with an estimated net present value of approximately US$30 million, Greif said in a news release. The acquisition will increase Greif’s jerrycans and small…

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Ardagh Group partners Absolut Vodka for hydrogen-fired glass furnace

SWEDEN – Luxembourg-based packaging firm Ardagh Group has signed an agreement with Absolut Vodka for a partly hydrogen energy-fired glass furnace for large-scale production. The move is said to be the first-of-its-kind shift in the spirits industry and is intended to minimize the CO2 emissions from making Absolut’s bottles. Ardagh Group said the use of a hydrogen furnace is expected…

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Smurfit Kappa’s revenue grows 33% in Q3 as Ball’s global beverage can shipments up by 5.7%

IRELAND – Irish packaging company Smurfit Kappa has reported revenue of US$9.51 billion (€9.72b)  for the first nine months of fiscal 2022 (FY22), up by 33% from the same period of fiscal 2021 (FY21). The company’s earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to 30 September 2022 were US$1.74 billion (€1.76bn), up 43% from a…

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