Massman Companies expands portfolio with acquisition of Ultra Packaging

US – American packaging machinery provider Massman Companies has acquired Ultra Packaging (UPI), a private company that designs automated cartoning machines. Based in Chicago, Illinois, UPI offers high-speed, continuous-motion machines in multiple configurations, ranging from manual to full robotic loading. The company’s equipment is used in the food, personal care, pharmaceutical and cosmetic industries among others. Massman Companies president and…

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Lilly plans US$450M investment at its production site in Research Triangle Park

US – American pharmaceutical giant Eli Lilly and Company has announced plans to invest US$450 million to expand the manufacturing capacity at Research Triangle Park facility in North Carolina, US. The expansion plans include the installation of additional parenteral filling, device assembly and packaging capacity to meet the rising demand for Lilly’s incretin-based diabetes treatments and medicines. The move is…

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Covestro names Samir Hifri as new chairman and president of its U.S. operations

US – German producer of polyurethane and polycarbonate-based raw materials, Covestro has appointed Samir Hifri as the new chairman and president of Covestro LLC, its U.S. operations, effective July 1. Hifri will lead the US operations of the global company, headquartered in Leverkusen, Germany, succeeding Haakan Jonsson, who will retire after 30-plus years of service with Covestro. “I’m both humbled…

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Colorcon inks agreement to buy Airnov Healthcare Packaging

US – Pharmaceutical film coatings firm Colorcon has inked a put agreement to purchase French Airnov Healthcare Packaging from private equity firm Arsenal Capital Partners. The transaction, which is subject to French Works Council review and subject to necessary regulatory approvals, could close during the first quarter of 2023. Airnov offers critical healthcare industries controlled atmosphere packaging solutions to protect…

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B2B Industrial Packaging wraps up acquisition of US-based packaging firm Next Press

US – Industrial packaging provider B2B Industrial Packaging has completed the acquisition of custom packaging supplier Next Press. Based in Mahwah, New Jersey, Next Press focuses on offering customized corrugated products and functional packaging to address clients’ packaging issues. The company provides samples of custom packaging and handles small production runs through its in-house design team and printing capabilities. According…

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Ardagh Glass Packaging receives ENERGY STAR plant certification for Madera facility

US – Ardagh Glass Packaging – North America (AGP – NA) has been awarded an ENERGY STAR plant certification for its glassmaking facility in Madera. Calif., from the U.S. Environmental Protection Agency (EPA). The certification has been awarded by the US Environmental Protection Agency for superior energy performance. Energy Star certified buildings and plants are verified to perform in the…

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Nestlé Professional invests US$2.5M in its Smithtown factory to enhance recycling and local manufacturing

AUSTRALIA – Nestlé Professional has invested US$2.5 million in its Smithtown factory in New South Wales to bolster local manufacturing and support collaborative product developments, starting with a recyclable Hot Chockee cup. The company says that its Smithtown facility, where popular products like Milo, Nesquik and Nestlé hot chocolate are made and packaged, will now have the capacity to produce…

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LVC-backed Summit Plastics acquires flexible packaging firm Fredman Bag

US – American manufacturer of custom packaging solutions, Summit Plastics has completed the acquisition of Fredman Bag for an undisclosed sum. Based in Wisconsin and founded in 1889, Fredman specializes in custom flexible packaging serving a diversified customer base and end-markets, including food & beverage, healthcare/medical, agriculture, industrial, and retail. The firm operates a 50,000-square-foot facility with state-of-the-art printing and…

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Australia’s CTL closes US$4M acquisition of US recycler In-Plas Recycling

US – Melbourne-based Close the Loop (CTL) has completed the acquisition of US-based In-Plas Recycling for US$4 million. The acquisition will significantly expand Close the Loop’s recycling scope and capabilities in the US, as well as the company’s presence in the plastics commodities market. Joe Foster, CEO of Close the Loop said: “In-Plas Recycling not only gives us ownership of…

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