Top 10 foreign acquisitions in packaging materials industry in 2018
Data analysis shows that the overall trend of the global packaging market is upward. According to Smithers pilar, the total output value of the global packaging industry reached 851 billion US dollars in 2017, and is expected to increase to 980 billion US dollars by 2022.
At the end of the year, let’s take a look at the top 10 overseas acquisition transactions in the packaging industry, so that we can quickly understand which packaging material enterprises and packaging solution enterprises have invested heavily by foreign giants this year, so as to have a glimpse of their layout strategy. (the transaction announcement time is in reverse order, regardless of order)
1. indorama acquired majority of medcopast shares in Egypt
It was reported on November 15 that indorama had acquired medcopost, an Egyptian packaging company, a subsidiary of the Middle East glass manufacturing company with a 25% market share and a manufacturer of recyclable pet preforms, injection molded products and closures in Egypt *.
Because dorama has operations in Nigeria and Ghana, it is hoped that the acquisition will open the door to the PET packaging market in East Africa and supplement its footprint in West Africa. Aloke lohia, executive director of indorama group *, said the acquisition of Medco, including taking advantage of growth opportunities in emerging markets, was in line with the company’s strategic priorities.
2. Amcor acquired Bemis for a $7 billion
Amcor, based in Melbourne, Australia, is expected to become a global manufacturer of flexible plastic packaging products after more than a year of negotiations with Bemis, a US competitor, on the verge of reaching a $7 billion acquisition agreement. Bemis is a company that provides flexible and rigid plastic packaging for * food, consumer goods, healthcare and other companies, with a strong technical foundation in polymer chemistry, film extrusion, coating and lamination, printing and dyeing.
The acquisition gives Amcor a big step towards its global goals. The deal is an all stock acquisition that will lead to Amcor listing in the US. Amcor sees flexible packaging in the Americas as a key growth focus, and the deal is a leap forward change in the region.
3. ALPLA acquisition of Argos. A, Greece
On August 6, ALPLA, a supplier of packaging solutions, announced its acquisition of Argos. A, a Greek company. Founded in 1970 and headquartered in Athens, Argos S.A. has been an expert in packaging solutions for the pharmaceutical and personal care markets since its inception. At the end of 2015, ALPLA acquired Argos. A’s production base in Egypt. Now, ALPLA plans to acquire all of the Greek company’s shares.
With the completion of the transaction, ALPLA will successfully own * production facilities in Greece. G ü nther Lehner, the * executive officer of ALPLA, said: “our goal is to establish a professional area of the pharmaceutical market in Greece in the future.”
4. aptar announced acquisition of CSP technologies
On July 31, aptar made a legal offer to acquire CSP technologies. The company is based on the packaging industry of proprietary materials. CSP technologies is a profitable, well managed business with annual revenues of about $1.4 billion (Unaudited), has an innovative culture with intellectual property rights that drives product development and supports highly engineered solutions, including their three-phase polymer technology.
Aptar said it plans to welcome experienced teams of CSP technology to aptar and look forward to expanding existing businesses in the pharmaceutical and food safety markets and to taking advantage of their active packaging and materials science and technology in other end markets. We will continue to work together to develop creative, valuable and differentiated solutions as a global packaging solution.
5. DSsmith announced acquisition of corrugatedcontainer Corporation in North America
On June 8, British packaging company DSsmith announced the acquisition of North American packaging enterprises
Corrugated container Corporation (CCC): the company has one plant in Tennessee and North Carolina in the United States, and two factories in Virginia with a total of about 190 employees.
After DSsmith’s acquisition of CCC, the company’s packaging carton capacity will be greatly improved, which is conducive to consolidating the North American market. It is expected that the acquisition will achieve significant results, and the acquisition also meets the requirements of DSsmith group’s medium-term development goals.
6. transcontinental acquired coveris holdings S.A. for us $1.32 billion
On April 21, it was reported that transcontinental Inc. of Montreal, Canada, had signed up with Chicago
Coveris holdings S.A. has reached a final agreement to form an investment company
Suncapital partners, valued at $1.32 billion, is held by coveris holdings.
Coveris America manufactures a wide range of flexible plastic and paper products, including reel materials, bags, coextruded films, shrink films, coated substrates and labels.
Isabelle Marcoux, chairman of transcontinental’s board, said the deal shifted the company’s strategy to the plastic packaging industry. Francois Olivier, President and * executive officer of transcontinental, said the acquisition increased the depth and scale of the existing platform, and the flexible packaging business would be its * Division. The deal complements and consolidates the company’s existing products, bringing a variety of flexible packaging markets including dairy products, pet food and consumer products. In addition, it has allowed the company to enter new packaging industries such as agriculture, beverages and protein.
7. the acquisition of Ajanta India related business by Finland Pule group for 13 million euro
It was reported on March 28 that the Finnish packaging company Pule group has reached an acquisition agreement with India’s Ajanta packaging company, which will purchase the relevant business of the private Indian manufacturer of self-adhesive labels in India at a price of 13 million euros. With annual sales of 10 million euro and 170 employees, Ajanta packaging company has two manufacturing plants in Daman, western India and Badi, northern India. After the completion of the transaction, the business of Ajanta packaging company will become a part of the flexible packaging business department of Pule company.
The acquisition will strengthen the company’s label business in India, add new printing technologies and enhance its innovation capabilities, the group said in a statement.
8. konstanza flexible packaging group acquires majority equity of creative polypack in India
Konstanza, a Vienna based flexible packaging giant, announced on March 27 that it had acquired a majority stake in creative polypack, a maker of film-based composites in India. Creative polypack is India’s fourth largest flexible packaging group, producing film based flexible packaging and paper-based soap wrapping for the food, home and personal care industries.
Konstanza group as the world’s fourth largest flexible packaging manufacturer, the acquisition will make it the third largest flexible packaging company in India.
9. schurflexibles acquires unipackaging
On March 7, schurflexibles announced that it had reached a comprehensive agreement with unipackaging, a French flexible packaging manufacturer, after which exclusive negotiations were held to acquire dairy and fresh food businesses in France and the UK. Unipackaging is headquartered in avel end, France, with 7 production bases and 5 logistics centers, mainly located in sales offices in France, Britain, Austria and Europe.
Schurflexibles said in a statement that the planned acquisition will help schurflexibles expand its footprint in the fast-growing dairy, fresh food and convenience markets, given unipackaging’s extensive knowledge and experience in packaging dairy and fresh food products.
10. US $4.9 billion acquisition of kapstone by westrock
It was reported on February 5 that westrock and kapstone paper and packaging company, headquartered in north brook, Illinois, USA, signed an agreement to acquire all the issued shares of kapstone for about $4.9 billion. Founded in 2005, kapstone is a manufacturer and distributor of cardboard, corrugated products and specialty paper in North America *, including lining paper, face paper, kraft paper and saturated kraft paper. It also owns a victory packaging company, which has packaging solutions distribution companies in the United States, Canada and Mexico. After the deal is completed, kapstone will be integrated into westrock’s corrugated packaging division.
It is expected that by the end of fiscal year 2021, westrock will achieve annual operating cost synergy and performance improvement of about $200 million by integrating kapstone business into the company’s corrugated packaging system. The acquisition will enable westrock to provide additional corrugated packaging to Victoria packaging and accelerate westrock’s plan to increase the profits of corrugated packaging business in North America. The addition of kapstone’s West Coast plant will improve westrock’s ability to serve customers in this area and reduce the cost of the entire supply chain. The addition of kapstone’s specialty kraft paper products enables westrock to provide a wider product portfolio to existing customers.
