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Chobani in change of investment

Yoghurt manufacturer Chobani has received fresh investment from Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP) following equity firm TPG’s withdrawal as a...

Coca-Cola acquires Uruguayan bottler

Coca-Cola FEMSA has acquired Uruguayan bottler Montevideo Refrescos in a $250.7 million deal, as part of a strategy to increase its presence in Latin...

Conagra Brands to acquire Pinnacle Foods in $10.9bn deal

In order to aid it long-term transformation plan and expand its presence in the frozen foods and snacks categories, Conagra Brands has acquired Pinnacle...

Novio Packaging Group expands into Scandinavia

Recently established packaging solutions holding company Novio Packaging will join forces with Danish-based packaging company Scandinavian Packaging A/S, as it aims to expand its...

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...