Mergers & acquisitions: Innovia, Linde, Duravant, Egli, Saica Group

By Jenny Eagle

- Last updated on GMT

Saica Group will acquire Americk Packaging Group. Picture credit: Americk Packaging.
Saica Group will acquire Americk Packaging Group. Picture credit: Americk Packaging.

Related tags Corporate governance

CCL Industries (CCL) has entered into an agreement to acquire Innovia for approximately $1.13bn, expected to close Q1, 2017.

Innovia, based in Wigton, in the UK, makes multi-layer BOPP films for label, packaging and security applications including dairy, confectionery, bakery and beverages.

Geoffrey Martin, president/CEO, CCL, said the transaction will strengthen its portfolio in the materials science arena with proprietary BOPP films technology for the label, packaging and security sectors.

We expect to find significant operational, customer and product innovation growth opportunities between Innovia and our end use facing businesses at CCL Label, CCL Design, Checkpoint and Avery​," he added.

Innovia, which has film extrusion, coating and metallizing facilities across the UK, Belgium and Australia with 1,200 employees and sales offices in 16 countries around the world, is expected to generate net revenue of approximately $570m in 2017 and estimated EBITDA of $155m.

Praxair and Linde to merge

Linde and Praxair have signed a non-binding agreement to merge the two companies under a new holding company.

Based on 2015 results, the deal would create a company with pro forma revenues of approximately $30bn, prior to any divestitures, and a current market value in excess of $65bn.

The combined company would adopt the Linde name and be formed and domiciled in a neutral member state of the European Economic Area ("EEA"), with the CEO based in Danbury, Connecticut, US.

Steve Angel, CEO, Praxair, said the combination between Linde and Praxair would leverage the complementary strengths of each across a larger global footprint and create a more resilient portfolio with increased exposure to long-term macro growth trends.

"We consider this to be a strategic merger, as it brings together the capabilities, talented people and best-in-class processes of both companies, creating a unique and compelling opportunity for all of our stakeholders​," he added.

The combined company would be governed by a single Board of Directors with equal representation from Linde and Praxair.

Linde's supervisory Board chairman, Dr. Wolfgang Reitzle, will become chairman of the new board.  Praxair's chairman and CEO, Steve Angel, will become CEO and a member of the Board of Directors.

Duravant acquires Arpac

Duravant equipment manufacturer has acquired Arpac, a designer, manufacturer and integrator of complete end-of-line packaging.

The purchase expands Duravant’s packaging platform and strengthens the company’s systems integration and direct service capabilities.

Arpac most recently experienced growth as an OEM integrator with in-house capabilities to configure, manufacture and service complete end-of-line packaging.

Its portfolio includes shrink wrappers, shrink bundlers, case/tray formers and packers, shrink tunnels, palletizers, and pallet stretch wrappers.

Mike Kachmer, CEO, Duravant, said in addition to expanding its product offering for the growing multi-pack market, the acquisition amplifies its ability to engineer end-to-end systems and complete lines.

Arpac is also the engine behind SupportPro, a service and parts organization that provides on-site support for packaging machinery and wrapping equipment with a fleet of factory trained field technicians and service vans.

Rick Allegretti, president, Arpac, will continue to lead the company.

Our partnership with Duravant is truly exciting for the Arpac team and an excellent cultural fit with great alignment,​” he said.

Fasa and Egli join forces

Lithuanian packaging lines producer Fasa and a Swiss butter and margarine processing lines producer Egli have joined forces.

The main advantage of the deal is a possible diversification of risks and markets of both companies in Lithuania and Switzerland.

Clients will benefit by receiving full and personalized equipment from one source, whether they need to produce butter in bulk packages or make retail margarine packs.

Karolis Samušis, CEO, Fasa, said Switzerland is a symbol of high quality products and processes, and thanks to this cooperation, quality control of Fasa equipment will meet even higher standards.

“Egli has proved to have strong values and leadership in the market, and now we have an opportunity to join it with strong positions of Fasa and to reach new markets, new clients or segments. Fasa gives huge importance to research and development, and this collaboration will only increase our presence in a very competitive market," he said.

Rudenz Egli, CEO, Egli added by constantly keeping in contact with its distributors it realized the importance of a full range of products, therefore its cooperation was long awaited and beneficial for both companies.

“From now on, all Fasa and Egli production will be branded with a new logo announcing the collaboration," he said.

Egli has been involved in the development, manufacture and maintenance of butter, spread and margarine technology for industrial enterprises and research centres since 1888.

Fasa was founded in 1959 and manufactures packaging equipment for the dairy industry.

Klöckner Pentaplast acquires Farmamak


Klöckner Pentaplast has acquired Farmamak, a rigid film provider in Gebze,Turkey and the surrounding regions.

Giles Peacock, group senior VP, Food and Consumer Packaging, Klöckner Pentaplast, said  the deal enables the company to be faster to market in Turkey and the Middle East.

“The regional sales team will have the opportunity to sell a much broader product range of Klöckner Pentaplast products allowing entrance to new markets and segments,” he said.

Farmamak gives us immediate scale in the high growth Turkish and Middle East markets. Farmamak’s products are natural extensions of our existing portfolio and our combined technical knowledge and expertise sets us up for future success”​, added Wayne Hewett, CEO, Klöckner Pentaplast.

With our strong global footprint, we expect to make further investments in high growth markets​."

Saica Group acquires Americk Packaging

Saica Group will acquire Americk Packaging Group including its six manufacturing sites in the UK and Ireland, and PP Global and Starfish Brand Solutions which operate as independent brands in the same market.

The group achieved a combined turnover in 2015 of around £110m.

Saica which produces 2.5 million tonnes of recycled paper per year, has four divisions; recycled paper production for corrugated cardboard (PAPER), recyclable materials recovery (NATUR), production of corrugated packaging (PACK) and flexible packaging (Flex).

Patrick Doran, CEO, Americk Packaging, said Saica is a family run business with a strong code of ethics and compliance which was of paramount importance when considering the fit with its business, culture, staff and customer base.

“I have informed our staff, customers and suppliers of this positive move that will catapult the Americk Packaging brand into the international packaging market; whilst adding value and opportunities for our loyal staff, customers and suppliers,” ​he said.

Sacia has about 8,000 employees and a presence in Spain, Italy, Portugal, UK, Ireland, Turkey and Luxembourg.

Ramon Alejandro, president, Sacia said the agreement allows the company to enter the flexible packaging market in Ireland and the UK more actively.

Related news

Show more

Related products

Related suppliers

Follow us


View more