Dec. 9: The most recent updates to this tracker include: 

• Rhode Island-based healthcare packaging company Nelipak acquired Merrill’s Packaging, which makes custom thermoformed packaging solutions for medical device, pharmaceutical and life science applications. Merrill’s has production sites in California and Costa Rica.
• Cincinnati-based flexible packaging specialist ProAmpac agreed to acquire Chicago-based TC Transcontinental Packaging from parent company TC Transcontinental for approximately $1.51 billion. They expect the deal to close in Q1 2026.
• Dallas-based D6, which provides food-grade packaging containing PCR, bought a 75,000-square-foot extrusion facility in Richmond, Illinois, from Good Natured Products, gaining the site’s employees as well. The site adds more than 40 million pounds of annual extrusion capacity and will enable “seamless conversion from reclaimed feedstock to finished product,” D6 said in a news release, including running a “significant portion” of clean wash flake produced through D6’s recycling center in Longview, Texas.

Analysts had projected that M&A activity could tick up in 2025 and that there was room for additional consolidation following a string of megadeals. Packaging Dive aims to track as many deals as possible to help you stay up to date.

Although the packaging industry is global, this list focuses on deals involving companies that are either based, or have a notable presence, in the U.S. or Canada. We list the acquirers by their parent company or common operating name, which may differ from the specific legal entities involved in the acquisitions. The list can be sorted by category by clicking on each column title in the table below. You can also scroll down to see archived lists from 2023 and 2024.

Do you know of new deals we should include, or are you hearing about a tip you want us to investigate? Get in touch at [email protected].