Oct. 3: The most recent updates to this tracker include:

• Better Earth, a compostable food service packaging company, acquired Betterbin, a software company. According to a news release, Betterbin’s software “specializes in curating packaging materials and waste management data.” Better Earth expects this software will help customers prevent “the purchase of non-compliant or non-recyclable packaging.”
• Cold-chain packaging solutions company Altor Solutions completed its acquisition of expanded polystyrene foam product manufacturer Lifoam Industries from material manufacturer Jadex for $137 million in cash. Altor is a subsidiary of Compass Diversified.
• Nordic Cold Chain Solutions acquired Minus Works, which has a facility in New York. Minus Works, which previously received support from Closed Loop Partners, created a “coolant solution with compostable, leak-proof gel encapsulated in curbside recyclable paper” that is considered an alternative to traditional plastic packaging options. Nordic plans to expand production of the product.
• Suzano completed the $110 million acquisition of two Pactiv Evergreen facilities, one in Arkansas and another North Carolina. The facilities, which produce liquid packaging board and cupstock, add an estimated 420,000 metric tons of annual capacity to Suzano’s portfolio as the company looks to expand in North America.
• Knowlton Development Corp., known as kdc/one, acquired Laffron. Italy-based Laffron, founded in 1982, produces makeup packaging and is considered complementary to kdc/one’s cosmetics packaging business.
• Welch Packaging recently acquired Indiana-based Cap City Container, a provider of packaging solutions and corrugated boxes. This follows Welch’s 2023 launch of its IndyCorr corrugator operation in Indianapolis.

While some parts of the packaging industry are already highly consolidated and recent economic challenges have created headwinds, deals are happening. Packaging Dive aims to track as many as possible throughout 2024 to help you stay up to date.

Although the packaging industry is global, this list focuses on deals involving companies that are either based in the U.S. or have a notable U.S. presence. We list the acquirers in alphabetical order 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.

Do you have suggestions on how to update the scope or layout of this tool? 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].