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UK-headquartered Essentra has signed an agreement to acquire Clondalkin Group's Specialist Packaging Division (Clondalkin SPD) for approximately $455 million. The transaction is expected to complete in the first quarter of 2015 and represents Essentra's largest acquisition to date.
European packaging manufacturer Faerch Plast has launched a new product that it describes as 'the world’s first ovenable CPET skin pack' for meat and poultry. The development allows consumers to cook products in an oven or microwave without removing the packaging.
California-based Plastic Package Inc has announced that it is building 20,000 square feet (1860 sq/m) facility in Laporte at a cost of US$1.37 million. The company produces food, confectionery, bakery and specialty packaging for the retail and wholesale markets.
UK-based food manufacturer Tulip Ltd has underlined its commitment to tackling food waste by signing up to the Waste & Resources Action Programme's (WRAP) Courtauld Commitment 3 and has announced plans to stop the use of PVC in all of its packaging by early 2015.