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Novio Packaging symbolises ‘new marketplace’ for companies

Effective from 1 January 2019, five companies specialising in packaging solutions and the distribution of primary packaging materials will operate as Novio Packaging Group. The...

Nestlé sells US confectionery business in $2.9bn deal

Nestlé has agreed to sell its US confectionery business to Ferrero for CHF 2.8 billion ($2.9bn), with the company explaining that it remains fully committed to growing...

Merger of equals creates Fusion Flexibles

A merger between Mercury Packaging and CPS Flexibles has resulted in the creation of a combined company called Fusion Flexibles. The merged company, which...

Clariant and Huntsman decide against merger

Contradictory to previous reports Clariant and Huntsman have decided to mutually terminate their proposed merger of equals. Despite the merger looking likely, the decision against...

Guala strengthens footprint in South America

The Guala Closures Group has acquired the screw caps activity of wine packaging firm Industria Corchera S.A. (ICSA). Based in Chile, ICSA recorded a turnover...

Private equity firm acquires Tekni-Plex

Private equity firm Genstar Capital has acquired US packaging manufacturer Tekni-Plex from affiliates of American Securities. Headquartered in Wayne, Pennsylvania, Tekni-Plex employs 2,500 people throughout...

DowDuPont realigns divisions following review

Following a portfolio review, DowDuPont have made targeted adjustments to the Materials Science and Specialty Products divisions, which the company says will better align...

ProAmpac bags acquisition

In order to provide new capabilities in cold seal and e-commerce products to complement its existing product offerings, flexible packaging firm ProAmpac has acquired...

Equity firm close to $1.5bn Tekni-Plex

Private equity firm Genstar Capital is close to acquiring US-based medical packaging manufacturer Tekni-Plex for $1.5 billion, according to Reuters. The news agency is reporting...

Dow/DuPont merger completed

Dow Chemical and DuPont have completed their merger of equals, 21 months after the original deal was announced. The newly renamed DowDuPont will have dual...

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