Business Management - M&A

As of April 6, 2021, Kongsberg has transformed into a standalone company — Kongsberg Precision Cutting Systems. The transformation follows the acquisition of the business by OpenGate Capital.

Esko, a global developer of integrated software and hardware solutions for the packaging and label sectors, has confirmed the successful closing of the sale of its Kongsberg digital finishing business to OpenGate Capital on April 1, 2021.

Oliver Inc. announced it has acquired Boutwell Packaging. Boutwell is a manufacturer of high-quality folding carton and blister card packaging serving personal care, healthcare, automotive aftermarket, food and beverage, and consumer products markets.

This acquisition expands ProAmpac’s manufacturing capabilities for plastic film, resealable bags, and premade pouches, and extends its commitment to provide customers with a broad offering of recyclable packaging products.

Any slowdown in the pace of M&As among printing and packaging firms is only temporary. The industry is recovering, buyers are flexible, and the fundamental forces that drive M&A activity are still in play.

Fort Dearborn Company has announced that it has acquired Hammer Packaging Corporation. The combined organization takes advantage of Hammer’s state-of-the-art technology to enhance Fort Dearborn’s leadership position in the decorative label and packaging marketplace.

The merger of PRINTING United Alliance and Idealliance exemplifies the shared goal of both organizations in providing the printing industry with exemplary programming, services, training, and certifications.

All Packaging, based in Aurora, Colo., and founded in 1946, is a full-service provider of specialty paperboard packaging to the food and beverage, health and beauty, pharmaceutical and other consumer end markets. The company becomes a sister company of Trojan Lithograph Corporation, which was acquired by Mill Rock Packaging in August 2020.

It finally happened. PIA and NAPL have joined forces, or at least the remnants of each will now be together under the umbrella of PRINTING United Alliance. That and more in this month's Target Report.

The sale of the Gallus Group by Heidelberger Druckmaschinen AG (Heidelberg) to the Swiss company benpac holding ag has not been completed. benpac holding ag did not make the purchase price payment of EUR 120 million agreed at closing.