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New packaging giant Smurfit Westrock will have its focus on activities in the Americas

20 September 2023
|
Published in issue 38/2023
|
~ 2 min
The merger of Smurfit Kappa and Westrock resulting in Smurfit Westrock (SWR) is a “truly defining moment” within the global packaging industry, said Smurfit Kappa’s CEO Tony Smurfit at the press conference held to announce the...
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Mondi to sell Mondi Syktyvkar to Sezar Invest

18 September 2023
|
Published in issue 38/2023
|
Igor Dugandzic
|
~ 2 min
Mondi has found a new buyer for the company's Syktyvkar mill in Russia. "Exit from Russia" expected to be completed by the end of the year. Mondi has entered into an agreement to sell Mondi Syktyvkar to Sezar Invest LLC for a...
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Prinzhorn enters Italian market

Prinzhorn announces major investments in Western Europe

Acquisition of Scatoloficio and Eurocart in Italy

Prinzhorn enters Italian market
15 September 2023
|
Published in issue 38/2023
|
Frauke Schmidt
|
~ 2 min
Prinzhorn Group will invest roughly €300m in its three business units Hamburger Containerboard, Hamburger Recycling and Dunapack Packaging. The project includes the takeover of two businesses in Italy and upgrades of the power...
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Sonoco completes RTS acquisitions

13 September 2023
|
Published in issue 37/2023
|
~ 1 min
US packaging company Sonoco has completed the acquisition of the remaining equity interest in RTS Packaging, LLC (RTS) from joint venture partner Westrock and one Westrock paper mill in Chattanooga, Tennessee. Prior to closing the...
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Smurfit Kappa and Westrock announce definitive merger agreement

12 September 2023
|
Published in issue 37/2023
|
Igor Dugandzic
|
~ 3 min
Dublin-based Smurfit Kappa Group and US packaging company Westrock will merge to create Smurfit Westrock, a global packaging giant, with “unparalleled scale, quality and geographic diversity.” Transaction to be completed in Q2...
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Quantum Capital Partners finalises takeover of Flensburg paper mill from Mitsubishi HiTec Paper Europe

06 September 2023
|
Published in issue 37/2023
|
Igor Dugandzic
|
~ 1 min
Timber QCP, a susbidiary of Quantum Capital Partners (QCP), has completed the acquisition of Mitsubishi's paper mill in Flensburg. The mill will operate as a standalone business under the name of Fjord Paper Flensburg. The...
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Ahlstrom enters agreement to sell Stenay mill to Accursia

30 August 2023
|
Published in issue 35/2023
|
~ 1 min
Ahlstrom has entered into an agreement to divest its Stenay paper mill in France to German investment holding company Accursia Capital. The company had received a binding offer from Accursia in July. The transaction is expected to...
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Ahlstrom enters agreement to sell Stenay mill to Accursia

29 August 2023
|
~ 1 min
Specialty paper producer Ahlstrom has entered into an agreement to divest its Stenay paper mill in France to German investment holding company Accursia Capital. The company had received a binding offer from Accursia in July. The...
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Pro Gest's Mantua mill in Italy

Prospective buyers visit Pro-Gest’s Mantua mill, production currently down

Pro Gest's Mantua mill in Italy
25 August 2023
|
Published in issue 35/2023
|
Valeria Buß
|
~ 1 min
Rumours continue to swirl around Italian packaging and tissue group Pro-Gest, most recently especially around the group’s corrugated case material mill in Mantua. According to local media reports and information from market...
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Antalis buys Lovepac Group

16 August 2023
|
Published in issue 33/2023
|
~ 1 min
French paper and packaging wholesale group Antalis has acquired North American supplier of protective packaging Lovepac Group. Lovepac describes itself as the market leader in customised protective packaging and generates...
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