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13 North American packaging manufacturers announce expansions
Yahoo Finance· 2026-03-24 11:49
This story was originally published on Packaging Dive. To receive daily news and insights, subscribe to our free daily Packaging Dive newsletter. More than a dozen North American packaging companies recently announced expansions for facilities specializing in products including corrugated boxes, PET bottles and flexible medical packaging. These are the announcements on Packaging Dive’s radar: Bay Cities, a retail packaging and displays manufacturer, relocated its Midwest packout, fulfillment and logistics ...
Silgan weighs bid for Gerresheimer – report
Yahoo Finance· 2026-03-23 11:10
Group 1: Acquisition Consideration - US-based packaging company Silgan Holdings is considering a possible acquisition of German medical packaging manufacturer Gerresheimer, with a potential valuation of €41 ($47.22) per share [1] - Silgan is currently working with advisers on the proposal, but it remains uncertain whether a formal bid will be made or if any deal will be finalized [1] Group 2: Gerresheimer's Financial Challenges - Gerresheimer's market capitalization is currently €600 million ($694 million), with its share price having dropped more than 80% from its highs in 2023 and falling by 37% since the beginning of this year [2] - The company is facing significant challenges, including an expanded examination of its financial statements by Germany's financial regulator BaFin [2][3] Group 3: Silgan's Financial Performance - For the fourth quarter of 2025, Silgan reported net income of $18.2 million, down from $45.1 million in the same period of 2024 [3] - Silgan's full-year net income for 2025 rose to $288.4 million from $276.4 million in 2024 [3] - The company has projected adjusted net income per diluted share to range from $3.7 to $3.9 for 2026, a modest rise from its midpoint adjusted figure of $3.72 for 2025 [4] Group 4: Previous Acquisitions - In the previous year, Silgan completed its acquisition of Weener Plastics, a Dutch dispensing solutions provider, in a transaction valued at €838 million ($908 million) [4]
ALPLA launches manufacturing plant in Philippines
Yahoo Finance· 2026-03-23 10:17
Core Insights - ALPLA has launched its first manufacturing facility in the Philippines, located in Calamba City, to enhance its presence in the Asia-Pacific region [1][4] - The new plant began production in mid-2025 and features a total area of 4,800m² dedicated to production, administration, and logistics [1] - The facility is equipped with four production lines and has the capacity to add five more if necessary [3] Company Operations - Prior to this, ALPLA operated in the Philippines as an in-house partner since 2014, producing preforms and bottles at client sites [2] - The new facility will manufacture plastic containers, bottles, and closures using various production methods, including ISBM, EBM, and CM [2] - The client base includes multinational FMCG companies, beverage producers, and local manufacturers [2] Strategic Importance - The investment in the Philippines is viewed as strategically important for strengthening ALPLA's position in the Asia-Pacific market [4] - The company aims to provide complete system solutions and high levels of vertical integration, ensuring global quality standards and efficient production from the outset [4] - Currently, the facility employs around 40 staff members [4] Additional Developments - In December, ALPLA received government funding in the Netherlands to establish a recycling operation for food-grade recycled HDPE, with pilot tests ongoing [5]
CCL Industries to acquire Sleever International for $151m
Yahoo Finance· 2026-03-16 10:56
CCL Industries has entered a binding option deal to acquire Sleever International Company, along with its subsidiaries and related entities. Valued at around $151m, the transaction will be settled through a combination of cash and assumed net debt, subject to standard closing adjustments. France-based Sleever International manufactures shrink sleeve labels and application equipment and provides decorating services for clients in the consumer-packaged goods and healthcare sectors worldwide. The company ...
Cascades invests $6.9 million in its Kingsey Falls uncoated recycled boxboard plant
Prnewswire· 2026-03-05 14:00
Core Viewpoint - Cascades has invested $6.9 million in its Kingsey Falls uncoated recycled boxboard plant to enhance production capacity and product quality, aiming to strengthen its position in the food packaging market [1] Investment and Equipment Upgrade - The investment will facilitate the installation of new equipment to improve sheet quality control, enhancing properties to meet food packaging industry standards [1] - This project is seen as a crucial step for Cascades to drive growth and maintain long-term competitiveness [1] Company Commitment and Workforce - The President and CEO of Cascades emphasized the company's commitment to investing in Quebec assets to accelerate growth and acknowledged the employees' expertise in successfully implementing the project [1] - The Kingsey Falls plant, operational since 1972, employs 68 people and is recognized as one of the region's top employers, offering competitive salaries and benefits [1] Sustainability and Market Position - Cascades is a key player in the packaging sector, providing high-performance products with a low environmental footprint and has been ranked among the world's 100 most sustainable corporations for the past seven years [1] - Founded in 1964, Cascades employs nearly 9,000 people across 60 facilities in North America, focusing on sustainable and innovative packaging solutions [1]
Siegwerk and Revere Group extend packaging partnership
Yahoo Finance· 2026-02-16 11:44
Core Insights - Siegwerk has expanded its collaboration with The Revere Group to optimize production processes and support sustainability initiatives [1] - The Revere Group has adopted Siegwerk's low-migration SICURA Nutriflex ORBIS DC inks, which have improved production efficiency and sustainability [2] Production Efficiency - The transition to Siegwerk's inks has led to increased press speeds, reduced downtime, and consistent results in Expanded Color Gamut (ECG) printing, resulting in less waste during production [2] - The Revere Group can now replicate a wide range of Pantone colors using seven inks instead of four, minimizing the need for frequent equipment cleaning [3] Sustainability Initiatives - The partnership has enabled The Revere Group to explore new sustainable packaging options, including primers suitable for compostable materials and recyclable mono-material packaging structures [4] - Siegwerk has secured RecyClass Technology Approval for several products from its SICURA range, marking a significant achievement in UV-curable ink technology for polyethylene flexible packaging [5][6] Technical Support and Collaboration - Technical support from Siegwerk has allowed The Revere Group to focus on production rather than technical issues, enhancing overall efficiency [3] - The collaboration emphasizes the importance of strong partnerships and technical expertise in driving efficiency and sustainability in packaging [5]
Inovar Packaging expands product capabilities with Kiliper purchase
Yahoo Finance· 2026-02-16 10:23
Core Insights - Inovar Packaging Group has acquired Kiliper to enhance its product capabilities, focusing on stretch sleeves, roll-fed labels, polybags, and printed film products [1][3] - The acquisition aligns with Inovar's growth strategy to invest in new labeling technologies and expand its presence in the Midwest [3][4] Group 1: Acquisition Details - The financial terms of the acquisition remain undisclosed [1] - Kiliper is a family-run company known for its expertise in wide-web flexo printing and converting [1][2] Group 2: Management and Operations - Kiliper is managed by siblings Tom Kiliper and Lindsay Maysent, who will continue as co-presidents post-acquisition [2] - The company serves various sectors, including food and beverage, pet food, household chemicals, industrial supplies, and janitorial and sanitation [2] Group 3: Strategic Importance - Inovar's CEO, Jeff Brezek, emphasized the importance of strategic acquisitions that align with the company's values and enhance technical capabilities [4] - The acquisition of Kiliper is seen as a meaningful expansion into new product areas while complementing existing manufacturing capabilities [5]
Coveris to divest labels and board unit to Kingswood Capital
Yahoo Finance· 2026-02-11 10:32
Core Viewpoint - Coveris has agreed to divest its labels and board business to Kingswood Capital Management, with the unit to be re-established as Paragon Print and Packaging, expected to complete in Q1 2026 [1][2]. Group 1: Transaction Details - The sale involves the paper business unit, which will operate independently as Paragon Print and Packaging, generating annual sales of approximately €270 million ($321.2 million) and employing around 1,400 staff [2]. - Coveris will retain 17 flexible packaging manufacturing sites across EMEA and the UK, with projected sales of about €600 million and a workforce of roughly 2,500 employees post-divestment [2]. Group 2: Management and Strategic Focus - Coveris CEO Christian Kolarik stated that the divestment allows for a strategic focus on core EMEA flexible packaging activities, expressing confidence in the growth potential of the Paper Business under new ownership [3]. - Jo Ormrod, the current COO of Coveris' paper business unit, will become the CEO of Paragon, with the existing management team continuing in their roles [4]. Group 3: Product Focus and Legacy - Paragon Print and Packaging will focus on paper-based, recyclable packaging for sectors such as food, household, and personal care, offering products like self-adhesive labels and environmentally friendly materials [4]. - The brand Paragon has a legacy of over three decades, known for its trusted reputation among customers [4].
Cascades to exit 2 packaging niches, close 3 plants
Yahoo Finance· 2026-02-06 10:49
Core Insights - Cascades is exiting two niche packaging markets to focus on strategic markets and optimize its operations [3][8] - The company plans to support affected employees with job search assistance and encourages them to apply for other positions within Cascades [3] Plant Closures - The honeycomb packaging plant in Berthierville will close immediately, affecting 52 employees, while the York, Pennsylvania facility will close by February 19, impacting 37 employees due to declining customer demand [4][8] - The cardboard partition facility in Saint-Césaire, Quebec, will cease operations by April 17, affecting 25 employees, as profitability has declined due to reduced demand and geographic distance from main customers [5][8] Strategic Decisions - President and CEO Hugues Simon emphasized the importance of focusing on strategic markets for optimization and profitability improvement [6] - The recent plant closures follow the announcement of the sale of a corrugated packaging plant in Richmond, British Columbia, to Crown Paper Group for $65.5 million, aimed at reducing debt and optimizing operations [6][7]
Xpert Packs unveils eco-friendly tube packaging line
Yahoo Finance· 2026-02-06 10:41
Core Insights - Xpert Packs has launched a new collection of custom tube packaging solutions focused on sustainability for various sectors including food, confectionery, and cosmetics [1][3] - The packaging is made from recyclable and biodegradable materials, ensuring an eco-friendly option for businesses [1][2] Group 1: Product Offering - The new range includes packaging options for snacks, teas, dry fruits, candies, and cosmetic products [1] - Xpert Packs provides a variety of packaging products such as display boxes, foldable boxes, mylar bags, tuck boxes, sleeve boxes, and tissue papers [3] Group 2: Sustainability Focus - The company emphasizes the use of premium paper and cardboard materials to balance environmental considerations with product durability during shipping and storage [2] - The goal of the new packaging range is to innovate while prioritizing sustainability, allowing brands to enhance the unboxing experience for customers while reducing their environmental footprint [3] Group 3: Customization and Printing - Xpert Packs offers several printing methods for custom packaging, including offset printing, digital printing, flexography, and screen printing [4] - The company also provides specialized coatings, finishes, and distinctive custom options for their packaging solutions [4]