Dec. 6: Georgia-based glass container manufacturer Arglass announced it completed the buyout of previous majority stakeholder Yamamura, “restoring full ownership of the company to its founders.” The firm previously bore the name Arglass Yamamura. For Japan-based Yamamura, the development allows it “to refocus on business efforts in its home country,” according to the announcement. CEO José de Diego Arozamena and the leadership team will remain in place, while Arglass will cease using the Yamamura name.
St. Louis-based Novvia Group has acquired Rhode-Island based Ocean State Packaging. Novvia is a distributor of rigid container and life sciences packaging with backing from private equity firm Kelso & Co., while Ocean State supplies stock and custom rigid packaging products and plastic bottles. Through the deal, Novvia enters the New England market, calling it “a cornerstone of the company’s Northeast strategy.”
BradyIFS + Envoy Solutions also announced it acquired PFS Sales, which distributes food service disposables to the catering, restaurant, education and hospitality industries with a geographic focus in the Carolinas. This follows BradyIFS + Envoy Solutions’ recent acquisition of Sierra Packaging.
While some parts of the packaging industry are already highly consolidated and the current economic climate is presenting headwinds, deals are still happening. Packaging Dive aims to track as many as possible throughout 2023 to help you stay up to date.
The first quarter kicked off with multiple targeted transactions in various categories — many of which involved private equity firms, an ongoing trend. While 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].