Stora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planning mill company. The enterprise value is approximately Euro 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper […]
Tag Archives: packaging solutions
07
Dec
Dec
WestRock Company recently announced it has completed the acquisition of the remaining interest in Grupo Gondi for $970 million plus the assumption of debt. The transaction is immediately accretive to earnings, subject to customary purchase price allocations. The acquisition of Grupo Gondi includes four paper mills, nine corrugated packaging plants and six high graphic plants […]
02
Dec
Dec
Stora Enso announced today that it has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group. Closure of the transaction is still ongoing and expected to be finalised at the beginning of 2023. Stora Enso first announced its intention to acquire De Jong Packaging in September (see […]
11
Nov
Nov
A combination of corrugated boxes and paper-based MailerBAGS will be used to protect and transport fashion items across Europe, saving space and money Mondi, a global leader in sustainable packaging and paper, has been appointed as the exclusive packaging provider for one of Europe’s largest fashion enterprises. Following a product trial earlier this year, Mondi […]
28
Oct
Oct
Rengo announces that it has acquired 100% of the shares issued by Marufuku Co., Ltd., making Marufuku a Rengo subsidiary. Marufuku primarily manufactures and sells folding cartons and flexible packaging for confectionary and food products as travel souvenirs. It has strengths in its ability to plan and propose complete packaging solutions from outer boxes (decorative […]
23
Aug
Aug
Amcor recently announced that it will be selling its three factories in Russia. This announcement is in line with its statement in March regarding scaling down activities and exploring strategic options for its Russia operations. Until completion of the sale, which is currently expected to occur in the second half of its 2023 fiscal year, […]
13
Aug
Aug
WestRock Company (NYSE: WRK) today announced that it has entered into an agreement to acquire the remaining interest in Grupo Gondi for $970 million, plus the assumption of debt, representing an estimated implied enterprise value of $1.763 billion. Upon completion of this transaction, WestRock will further enhance its leading position in the growing Latin American […]
05
Jan
Jan
Mondi, a global leader in packaging and paper; IMA Ilapak, world leader in the design and manufacture of automatic machines for packaging and Les Crudettes, leading French company in the fresh vegetables market, have won three prizes at the prestigious French packaging award and the Trophées de l’innovation LSA for a new paper packaging. Mondi […]
05
Dec
Dec
Kemira has been selected as the primary chemical supplier for Cascades’ new recycled board mill in North America. Cascades, a Canadian-based leading producer of sustainable packaging solutions, is converting their Bear Island mill in Virginia, US, to a containerboard machine that will produce lightweight 100% recycled linerboard and medium grades for the North American market. […]
14
Nov
Nov
In partnership with BillerudKorsnäs, Oatly has implemented an innovative secondary packaging solution for products produced in Oatly’s Singapore Factory, enabling a reduction in secondary packaging material by up to 35% and an estimated reduction of CO2 emissions from secondary packaging by up to 50%*, compared to conventional packaging solutions. BillerudKorsnäs, one of the leading […]
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