Acquisitions & Partnerships in the global packaging industry
By Canadian Packaging staffGeneral Avery Dennison Corporation Avon Products Brakes Group CCL Industries Inc. Cerberus Capital Management Crown Holdings Electro Optical Systems Excel Displays & Packaging Five Star Sheets Georgia-Pacific Kimberly-Clark de México S.A.B. de C.V. Mergers and Acquisitions in the Packaging Industry New Avon LLC Procter & Gamble Rialco Limited Roland DG Corporation Siemens SYSCO
A compilation of some of the recent movers and shakers within the global packaging industry.
EFI, based in Silicon Valley, Ca. has acquired Rialco Limited, one of Europe’s leading suppliers of dye powders and color products for digital print and industrial manufacturing industries. Based in Bradford, U.K., Rialco will now operate as part of EFI’s industrial inkjet business, and will continue to work closely with and support its existing clients as well as expand and grow its capabilities with new products and new customers. EFI plans to improve its inkjet portfolio with Rialco’s advanced ink component capabilities.
Avon Products, Inc. and Cerberus Capital Management, L.P. have finalized their their strategic partnership transaction, including the separation of Avon’s North America business into a privately-held company that is majority-owned and managed by an affiliate of Cerberus. The North American business will operate under the name New Avon LLC. Avon Products, Inc., will remain comprised of the remaining international markets.
Avery Dennison Corporation has appointed Hassan Rmaile as global vice-president of R&D (research and development) for its Materials Group effective immediately, replacing the retiring Sjaak Elmendorp after 22 years of service. In his new position, Rmaile will oversee the Materials Group’s extensive global R&D network and focus on identifying new, disruptive applications while continuing to grow the performance and cost attractiveness of the core business.
CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers—headquartered in Toronto—has appointed Guenther Birkner,43, as president of the Healthcare & Specialty business at CCL Label in addition to his existing responsibilities in Food & Beverage. Peter Fleissner, 62, has been appointed president of CCL Design, reflecting the growing importance of this new sector to CCL, especially following the acquisitions of Worldmark, Woelco and Zephyr announced since November 2015.
Georgia-Pacific has acquired Excel Displays & Packaging, including a state-of-the-art converting plant in Aurora, Illinois; sales and design office in Bentonville, Arkansas; and a minority interest in Five Star Sheets sheet feeder consortium in New Carlisle, Indiana. Excel is an innovative designer and manufacturer of award-winning point-of-purchase displays, high-graphic retail packaging, in-store signage and industrial packaging.
Procter & Gamble has sold its Escudo soap brand in Mexico and other Latin American countries to Kimberly-Clark de México S.A.B. de C.V. The transaction, for an undisclosed amount, is expected to close during the first half of 2016 subject to necessary regulatory approvals. Escudo, launched in Mexico more than 50 years ago, is the leading local antibacterial soap brand.
Houston-based major foodservice distributor Sysco reached a definitive agreement to acquire Brakes Group, a European foodservice distributor with operations in the U.K., Ireland, France, Sweden, Spain, Belgium and Luxembourg in a US$31-billion deal. Brakes Group, headquartered in London, will operate as a standalone company within Sysco. Brakes has 15,000 employees, with 2015 revenues of close to US$5-billion, supplying over 50,000 products, including 4,000-plus of its own brands.
Siemens has open a production facility for 3D printed components in Finspång, Sweden, with an investment of ~CDN $31.3-million, as its first step to mass manufacture and repair metal parts with additive manufacturing. The facility features Direct Metal Laser Sintering machines from German AM leader, Electro Optical Systems.
Roland DG Corporation says that that long-time representative director, chairman and president Masahiro Tomioka will step down from the position of president, and Hidenori Fujioka, director and executive vice-president of the company, will assume that role. Tomioka will continue as representative director, chairman.
Crown Holdings, Inc.—the Philadelphia headquartered and a leading supplier of packaging products to consumer marketing companies around the globe—has announced that Robert H. Bourque, Jr., 46, will be named president of its Asia Pacific Division effective May 1, 2016. He succeeds Jozef Salaerts, who will retire in the second quarter of 2016. Bourque will be based in Singapore and will report to Timothy J. Donahue, Crown’s president and chief executive officer.