M&A: Page 2
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Permission granted by ThermoSafe
Sonoco divests ThermoSafe for up to $725M
The final selling price to a private equity firm hinges on business performance in 2025. The long-awaited divestiture of the temperature-assured packaging business will help Sonoco offset the cost of its Eviosys acquisition.
By Katie Pyzyk • Updated Nov. 3, 2025 -
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PCA completes $1.8B acquisition of Greif’s containerboard business
The divestiture “marks an important step forward for Greif,” CEO Ole Rosgaard said Tuesday, noting the deal’s contribution to debt reduction. The company adjusted its full-year guidance upon announcing the deal closed.
By Katie Pyzyk • Sept. 2, 2025 -
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Ball reduces stake in Saudi Arabia cans venture to 10%
The Colorado-based aluminum products manufacturer sold most of its ownership interest to a subsidiary of a Beijing-based packaging solutions provider for approximately $70 million.
By Maria Rachal • Aug. 28, 2025 -
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International Paper sells global cellulose fibers unit for $1.5B
Private equity firm American Industrial Partners is the buyer in the long-anticipated sale. CEO Andy Silvernail has been pushing to make International Paper a more streamlined, pure-play packaging solutions company.
By Maria Rachal • Updated Jan. 23, 2026 -
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Greif sells timberlands business for $462M
The sale to Molpus Woodlands Group aligns with Greif’s ongoing optimization and cost-reduction efforts.
By Katie Pyzyk • Updated Oct. 2, 2025 -
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PCA details growth plans after Greif containerboard acquisition
Packaging Corporation of America is poised to benefit from competitors’ cuts to containerboard capacity this year, but the company is watching tariff-driven fluctuations in customer orders, said executives on a Thursday earnings call.
By Katie Pyzyk • Updated July 25, 2025 -
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Unpacking 2025’s private equity activity trends
The first half of the year saw 71 PE deals in containers and packaging, according to PitchBook data. Analysts break down the economic factors influencing PE activity and exits in packaging, or lack thereof.
By Maria Rachal • July 23, 2025 -
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Packaging M&A may not rise until next year, analysts say
Deal volume has been somewhat similar in 2025 as in 2024. Tariff uncertainty could dampen growth in the months to come, analysts note.
By Maria Rachal • July 9, 2025 -
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PCA buying Greif’s containerboard business for $1.8B
The transaction includes mills, sheet and corrugated assets in multiple states. The deal comes as Greif says it’s prioritizing polymer-based products and was unwilling to invest to become more competitive in containerboard.
By Maria Rachal • Updated July 1, 2025 -
Courtesy of International Paper/Cision
International Paper to exit molded fiber market, sell select Mexico sites
The company is also shuttering packaging and recycling facilities in Ohio and Kansas. Thursday’s announcement will impact over 100 U.S. employees — just the latest update in IP’s ongoing North American optimization.
By Maria Rachal , Katie Pyzyk • June 27, 2025 -
Permission granted by Amcor
Amcor completes acquisition of Berry Global
The Zurich-based company’s reach now spans approximately 140 countries, with some 400 facilities, 70,000 employees and $23 billion in anticipated sales revenue.
By Maria Rachal • April 30, 2025 -
Katie Pyzyk/Packaging Dive
International Paper completes sale of 5 European plants to Palm Group
IP announced Tuesday it divested plants in France, Portugal and Spain, thereby satisfying all requirements with the European Commission related to its acquisition of DS Smith.
By Katie Pyzyk • Updated July 1, 2025 -
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Packaging M&A highlights from Q1
Packaging Dive followed dozens of deals in the first quarter. Industry observers noted activity in the labels space.
By Maria Rachal • April 10, 2025 -
Permission granted by Novolex
Novolex completes $6.7B acquisition of Pactiv Evergreen
Pactiv Evergreen has transitioned from a publicly traded to privately held company as it is absorbed under Novolex. The combined company becomes one of largest food packaging producers.
By Katie Pyzyk • April 1, 2025 -
Permission granted by Amcor
European Commission approves Amcor acquisition of Berry Global
The approval paves the way for the companies to finalize their $8.4 billion combination, which they now anticipate will occur by the end of April.
By Maria Rachal • Updated April 28, 2025 -
Courtesy of Ball Corp.
Ball buys Florida can maker, plans Oregon plant
It’s gaining a beverage can facility in the Southeast through a $160 million deal and will build a can plant in the Pacific Northwest to better align with customers. Separately, Ball is pursuing alternatives for its cups business.
By Maria Rachal • Feb. 5, 2025 -
Courtesy of International Paper/Cision
International Paper completes acquisition of DS Smith
The new IP is among the largest packaging companies in the world. The nearly yearlong journey to close the deal was convoluted at times, including competing interest from Mondi and Suzano.
By Katie Pyzyk • Jan. 31, 2025 -
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The packaging industry outlook for 2025
The evolution of packaging EPR, potential for more industry-reshaping megadeals, shifting attitudes on plastics and sustainability goals, and Trump’s mark on trade and federal funding are dynamic areas to watch.
By Packaging Dive Staff • Jan. 31, 2025 -
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Deep DiveWhere is packaging industry consolidation likely in 2025? Experts weigh in.
Niche packaging sectors are considered ripe for growth and M&A. Analysts also weigh in on the influence of the Trump administration and whether the megadeal trend will continue in 2025.
By Katie Pyzyk • Jan. 30, 2025 -
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European Commission requires 5 divestitures for IP-DS Smith deal
International Paper agreed to sell plants in three countries to gain approval. The acquisition is slated to close Jan. 31.
By Katie Pyzyk • Jan. 24, 2025 -
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5 packaging industry trends to watch in 2025
Donald Trump’s return to the White House, evolving conditions for M&A, more mature state policy negotiations and a reckoning around 2025 plastics reduction targets are some of the factors poised to affect the industry.
By Maria Rachal , Katie Pyzyk , Cole Rosengren • Jan. 8, 2025 -
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Acquisition of DS SmithInternational Paper agrees to European concessions for DS Smith deal
IP’s limited footprint overlap with DS Smith previously led analysts to anticipate few or no antitrust concerns. But recent deals might have prompted regulators to alter their views of market concentration, according to The Freedonia Group.
By Katie Pyzyk • Jan. 6, 2025 -
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Deep Dive2024 packaging trends by the numbers
These are some of the stats illustrating key storylines this year in policy and regulation, M&A activity, manufacturing, pricing, recycling, sustainability goals and more.
By Katie Pyzyk , Maria Rachal • Dec. 20, 2024 -
Permission granted by Amcor
Packaging M&A appears to be ramping up again with range of deals
Following megadeals like Amcor’s move to acquire Berry Global and Novolex’s play for Pactiv Evergreen, as well as other activity, sources see packaging M&A ticking up again after a lower-volume period for deals.
By Maria Rachal • Dec. 11, 2024 -
Courtesy of O-I Glass
Deep DiveThe packaging workforce grew for a decade. Labor shortages and COVID-19 changed that.
The top 12 publicly traded U.S. packaging manufacturers by revenue collectively have more employees than they did a decade ago. Mergers and acquisitions heavily influenced the numbers, but that’s not the only factor.
By Katie Pyzyk • Dec. 11, 2024
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