M&A: Page 3

  • An array of metal tins with peel-back metal lids.
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    Courtesy of Eviosys
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    Sonoco completes $3.8B acquisition of Eviosys

    The Switzerland-based metal packaging business will transition to Sonoco’s branding in the coming months, bringing its 6,300 employees and 44 facilities.

    By • Dec. 4, 2024
  • Berry Global's headquarters in Evansville, Indiana.
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    Permission granted by Berry Global
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    Berry selling specialty tapes business to private equity for $540M

    This adds to a string of divestitures this year under CEO Kevin Kwilinski. It comes a week after Amcor announced plans to acquire Berry.

    By • Nov. 26, 2024
  • Side view of a semi-truck with the Amcor logo and the phrase "Creating a new world of packaging"
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    Courtesy of Amcor
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    Amcor acquiring Berry in $8.4B deal to create global plastics and healthcare packaging giant

    The companies anticipate having “greater reach than any other packaging company in the world” and are targeting a mid-2025 close. 

    By • Updated Nov. 19, 2024
  • An industrial campus located along a body of water.
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    The image by Ken Lund is licensed under CC BY-SA 2.0
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    Clearwater Paper details transition to paperboard focus amid sales jump

    Despite a $5 million negative impact from Hurricane Helene in Q3, the company’s recent mill acquisition — and the sale of its tissue business — are expected to provide longer term support for the paperboard-focused company.

    By • Nov. 6, 2024
  • Exterior view of Berry Global's Circular Innovation and Training Center in Tulsa, Oklahoma.
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    Courtesy of Berry Global
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    Berry completes spin-off of health division to form new company Magnera

    Berry spun off its health and hygiene business to merge with Glatfelter, allowing it to focus on consumer packaging. The newly formed Magnera is now “the largest nonwovens company in the world.”

    By , • Updated Nov. 5, 2024
  • Interior of industrial production facility
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    Courtesy of Sonoco
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    Sonoco discloses pending $419M divestiture in China amid period of major change

    CEO Howard Coker said the pending purchase of Eviosys and two more possible divestitures would create a company primarily focused on metal and fiber products. It also disclosed notable hurricane effects in Florida.

    By • Nov. 4, 2024
  • Stacks of cardboard boxes in a logistics center
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    Getty Images
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    Is the fiber packaging M&A surge done? Probably not.

    M&A activity is expected to influence companies’ commercial approaches for the next five to 10 years, according to conference speakers from Wells Fargo, Bloomberg and Hudson Windsor.

    By • Oct. 28, 2024
  • Aerial shot of Suzano production site in Brazil
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    Courtesy of Suzano
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    Suzano begins operating 2 US mills, talks bolt-on M&A

    Suzano executives shared more details about the ramp-up in Arkansas and North Carolina, and the Brazilian company’s broader aspirations for growth in the U.S., during an earnings call on Friday.

    By • Oct. 28, 2024
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    Acquisition of DS Smith

    International Paper, DS Smith shareholders vote to approve combination

    The shareholders’ approvals push the deal closer to closing. The combined companies anticipate pro forma sales of over $28 billion.

    By • Oct. 11, 2024
  • Heavy-duty trucks with the Veritiv logo in front of a warehouse.
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    Retrieved from Veritiv Corp. on August 07, 2023
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    Veritiv completes acquisition of Orora Packaging Solutions

    The transaction is meant to enhance private equity-backed Veritiv’s specialty packaging distribution capabilities, while Orora and its thousands of employees will transition to a dedicated beverage packaging business.

    By • Updated Dec. 12, 2024
  • Two opaque beige cups and three clear cups with cola, all bearing the Berry Global logo.
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    Courtesy of Berry Global
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    Berry eyes $2B from ‘strategic divestitures’ within next year

    The company continues to hone its focus on consumer products as the deal to spin off its health, hygiene and specialties segment remains on track.

    By • Aug. 5, 2024
  • A lineup of metal cans and aerosol packaging
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    Retrieved from Sonoco on June 24, 2024
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    Sonoco plans more divestitures under portfolio simplification strategy

    While second-quarter volume levels increased over last year’s depressed state, “it's certainly not a robust recovery,” said CFO Rob Dillard.

    By • Aug. 1, 2024
  • Clear-colored roll-on deodorant on a table
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    Getty Images
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    Silgan completes acquisition of Weener Plastics

    Weener Plastics is Silgan’s latest major purchase in recent years to grow its dispensing and specialty closures division.

    By • Updated Oct. 15, 2024
  • A person works on an assembly line to fill metal food packaging cans
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    Getty Images
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    Crown expects $300M in proceeds from Eviosys deal

    Crown Holdings CEO Tim Donahue detailed how the canmaker intends to spend it.

    By • July 23, 2024
  • Rolls of toilet paper proceed along a manufacturing line.
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    Retrieved from Clearwater Paper Corp. on July 22, 2024
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    Clearwater closes $1B sale of tissue business to Sofidel

    Washington-based Clearwater is narrowing its focus on paperboard, removing four U.S. tissue production facilities from its footprint after purchasing a bleached paperboard manufacturing plant in Georgia.

    By • Updated Nov. 1, 2024
  • stacks of brown paper cups in a row in a coffeeshop setting
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    Getty Images
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    Pactiv Evergreen divests 2 facilities to Suzano for $110M

    The sale of sites in Arkansas and North Carolina is the culmination of a strategic review by Pactiv as the company also restructures its beverage and food merchandising businesses and explores footprint optimization.

    By • Updated Oct. 1, 2024
  • A group of people stand on a balcony to ring the opening bell at the New York Stock Exchange, with the Smurfit WestRock logo in the background.
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    Retrieved from New York Stock Exchange on July 08, 2024
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    Smurfit WestRock transaction

    Smurfit Kappa completes acquisition of WestRock

    “Smurfit Westrock is going to conquer the world of sustainable, paper-based packaging,” said CEO Tony Smurfit before ringing the NYSE’s opening bell.

    By • Updated July 8, 2024
  • Close-up of brown corrugated packaging
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    Getty Images
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    2024’s biggest packaging acquisition news

    The year saw multibillion-dollar deal announcements involving Smurfit Westrock, International Paper, DS Smith, Amcor, Berry Global, Sonoco, Ball and more.

    By Packaging Dive Staff • Updated Dec. 17, 2024
  • Aerial shot of Suzano production site in Brazil
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    Courtesy of Suzano
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    Acquisition of DS Smith

    Suzano ends negotiation for acquisition of International Paper

    Suzano’s previous interest added another layer of complexity to a planned deal between International Paper and DS Smith, which followed Mondi’s attempt to purchase DS Smith.

    By • June 27, 2024
  • A person works on an assembly line to fill metal food packaging cans
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    Getty Images
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    Sonoco acquiring Eviosys for $3.9B in move to prioritize metal packaging

    Acquiring the European company from investment firm KPS aligns with Sonoco’s strategy to make metal packaging a core business unit. The acquisition will be accompanied by “significant divestitures.”

    By • Updated June 24, 2024
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    Suzano and International Paper address deal rumors, details still unclear

    Executives acknowledged a potential transaction for the first time this week, but made clear that no formal offer is in place. Analysts speculate that Suzano may specifically be interested in IP’s Global Cellulose Fibers business.

    By • May 23, 2024
  • Aerial shot of Suzano production site in Brazil
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    Courtesy of Suzano
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    Brazilian paper company pursuing $15B offer for International Paper: Reuters

    The report of Suzano’s verbal proposal comes weeks after International Paper’s agreement to buy DS Smith. Both sides could have an interest in combining fluff pulp supply, according to one analyst.

    By • Updated May 7, 2024
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    Fire and ice cool International Paper’s Q1 earnings

    January and February incidents resulted in notable charges. CEO Mark Sutton, during his last earnings call before retirement, discussed volume trends but didn’t comment on the announced DS Smith acquisition.

    By • April 26, 2024
  • A large roll of kraft paper, part of Mondi Group's kraft paper production in Sweden
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    Courtesy of Mondi Group Plc
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    Acquisition of DS Smith

    Mondi ends bid for DS Smith following International Paper deal

    Mondi’s announcement comes days after the boards of International Paper and DS Smith recommended that those two companies combine and days before a deadline to submit a potential counteroffer.

    By • April 19, 2024
  • Stacks of cardboard boxes in a logistics center
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    Getty Images
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    Acquisition of DS Smith

    International Paper announces all-share agreement to acquire DS Smith, valued at $7.2B

    The deal bests a preliminary purchase proposal from rival Mondi. It comes one week before a deadline to submit formal offers for acquiring the London-based paper packaging company.

    By • April 16, 2024