News

Graphic Packaging Holding Company and CVC Capital Partners Fund VI has announced an agreement under which Graphic Packaging will acquire AR Packaging Group AB for approximately USD 1.45 bn in cash, subject to customary adjustments. SG SP

The global snacking company pladis has announced a proposal to close its factory in Tollcross, Glasgow, subject to a full and meaningful consultation with employees. SG

Ingredients specialist RAPS, based in Kulmbach/Germany, has acquired a majority stake in Biova. SP

Synergy Flavors, a member of the Irish-based Carbery Group, has acquired savoury flavour and ingredient supplier Innova Flavors from Griffith Foods Worldwide. T SP

Bain Capital Private Equity, a leading global private investment firm, announced that it has signed a definitive agreement with CapVest to acquire Valeo Foods Group (Valeo), a leading pan European food business. SG

Cargill has acquired Leman Decoration Group, a cake decorations supplier across the bakery sector, including the artisanal, small industrial and home-baking segments and foodservice sectors. SP

German headquartered Capol Group launches www.vivapigments.com to provide a unique customer experience for its patented natural colours product range. SP

Nestlé UK has announced plans to close its site in Fawdon near Newcastle by the end of 2023 and focus production on factories in York and Halifax. The company said 573 jobs would be "put at risk" by the changes. SG

Multivac joins the cross-company initiative R-Cycle. The aim is to jointly drive forward the circular economy for plastic packaging on the basis of an open and globally applicable tracing standard. SP

Olam Food Ingredients (OFI) is acquiring US-based private label spices, seasonings and baking ingredients manufacturer Olde Thompson at an enterprise value of USD 950 m through its wholly-owned subsidiary Olam Holdings Inc. SP

With the acquisition of Movitec Wrapping Systems, Mosca GmbH is expanding its end-of-line portfolio, starting on 18 March 2021. SP

Barry Callebaut AG, Zürich, has been informed by Jacobs Holding AG, its reference shareholder, that it has successfully sold 550,000 shares in Barry Callebaut AG by way of an accelerated bookbuilding process at a price of CHF 1,990 per share. SG SP

Symrise Group has dynamically started into the new business year and increased its sales organically by 10.5% in the first quarter of 2021. SG SP

Chr. Hansen Natural Colors announces its first major transaction, after becoming a standalone company, further bolstering the company’s position as the world leader in natural colours. SP

As of now, the international folding carton database of the FFI e. V. (FFI) has been activated for data entry by cartonboard manufacturers. SP