Packaging converter Berry Plastics Group is to reorganise its business structure and split it into three market-focused divisions, with the aim of better serving its customers and driving future growth.
South African converter Mondi Group has completed the acquisition of German components producer Ascania nonwoven from investment group Schloss Neugattersleben in a bid to strengthen its position as the preferred supplier of hygiene components and medical applications.
Extrusion and converting equipment manufacturer Davis-Standard has acquired Gloucester Engineering, a blown film technology supplier that adds design and process engineering capabilities to the former's business portfolio.
A process that converts all types of unclean mixed plastics into a recycled building material for use in industrial, municipal infrastructure and residential projects has been developed by US-based environmental technology company ByFusion.
Indian converter Jindal films has started work on two testing laboratories in the US and Luxembourg for film characterisation, which will be equipped to simulate customer conditions on packaging, printing and labelling machines.
Austrian rigid plastics packaging converter Greiner Packaging has acquired a 51 per cent majority in Turkish firms Teknik Plastik and Teknik IML from the Özata Group. Greiner claims that the deal now makes it the market leader in rigid plastics packaging for dairy products in Turkey.
Private equity firm 3i Group plc is to invest approximately €250 million ($280m) in German plastics packaging converter Weener Plastic Packaging Group (WPPG), with the aim of growing the firm’s market share internationally. Former shareholder Lindsay Goldberg Vogel has sold its stake in WPPG as part of the deal.
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