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ACE move by RPC Group

Plastics packaging converter RPC Group is to acquire Hong Kong-based ACE Corporation Holdings for approximately $430 million after targeting the company for the past three years.

Arle Capital completes Innovia deal

Equity firm Arle Capital has completed the acquisition of Innovia Group from the Candover 2001 Fund for €498 million ($690m), with funds raised from a syndicate of new investors.

Acquisition trail boosts Constantia financials

Flexible packaging and label producer, Constantia Flexibles, has achieved record earnings for the year with a double-digit increase in sales and operative earnings.

Deal good for Hood

Packaging producer Bemis Company has completed the sale of its Paper Packaging Division to Hood Packaging Corporation, as it targets its focus on opportunities in high barrier flexible packaging, medical and pharmaceutical packaging, and on developing geographic markets.

Business progresses well at Treofan

BOPP film maker Treofan has maintained an annual turnover of around €500 million (US$686m) in the last fiscal year, despite difficult market conditions, confirmed the company in a press meeting in Germany today.

Optimism aplenty in Germany

The German plastics packaging industry has started the year with tremendous optimism, according to the country's trade association, IK Industrievereinigung Kunststoffverpackungen (IK).

RPC adds value with M&H buy

Rigid plastics packaging supplier RPC Group has acquired Maynard & Harris Group (M&H) for £103.5 million (US$168m), which is funded from existing debt facilities.

Middle East and Africa hungry for growth

Flexible packaging demand in the Middle East and Africa will grow by around 5 per cent a year over the next five years, as confidence in the region's growing economy encourages inward investment and greater emphasis on mass food processing, reports PCI Films Consulting.

Light fantastic for plastics

Americans will use 32.85 billion more rigid plastics and flexible packs in 2017 than in 2012, making them the fastest growing segments in the US packaging industry, claims market analyst Canadean.

Constantia plans listing as sales surge

Sales in the first nine months of 2013 at Constantia Flexibles increased by 24 per cent on the back of several acquisitions through out the year, including Globalpack, Spear and Parikh Packaging.