Daibochi to buy fellow flexible packaging converter

Malaysian flexible packaging converter Daibochi is to acquire Mega Printing & Packaging (MPP) for RM 125 million (US$30m). Established in 1997, MPP manufactures roll-form and pre-made pouches with laminated structures mainly for food and beverage applications, including confectionery, snacks, noodles and powdered beverages. The purchase is valued at more than eight times MPP’s EBITDA for…