Sept. 5: The most recent updates to this tracker include:

• U.S.-based private equity firm KKR acquired Samhwa, a South Korean cosmetics packaging company specializing in air-tight cushion packaging and airless pump technology, for approximately $528 million from alternative asset management firm TPG.
• Veritiv acquired the packaging distribution business of S. Walter Packaging Corp. The Pennsylvania-based custom packaging solutions company has 110 employees. Veritiv said the deal “enhances our direct-to-store services and strengthens our multi-brand kitting and premium packaging capabilities.”
• ProAmpac is acquiring Washington-based Pac Worldwide, which has seven manufacturing facilities and more than 1,300 employees across the U.S., Mexico and Malaysia. ProAmpac said the deal bolsters its presence in the Pacific Northwest and “represents a strategic step forward in delivering fully integrated packaging solutions, spanning materials production, recycled paper mills, film, converting, and customer support.” ProAmpac is a portfolio company of Pritzker Private Capital.
• Foam Packaging Specialties acquired fellow Arizona-based business Advanced Packaging Specialties, expanding into “custom foam inserts, corrugated boxes and shipping materials, provided through the new brand, Custom Packaging Solutions,” the company announced.
• Packaging Corporation of America completed its $1.8 billion acquisition of Greif’s containerboard business. PCA gains mills in Virginia and Ohio, plus ight sheet feeder and corrugated plants around the U.S.
• Ball announced its sale of 41% of its 51% ownership interest in Ball United Arab Can Manufacturing Co. to a subsidiary of ORG Technology Co., a Beijing-based packaging solutions provider, for approximately $70 million.

Analysts project M&A activity could tick up in 2025 – after a string of megadeals, there’s still plenty of runway for consolidation. 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].