Business Management - M&A

321 Capital Partners' Erv Terwilliger provides a wide-ranging outlook for mergers and acquisitions in packaging 
and package printing, and reveals some of the most common mistakes owners can make when controlling the sale of their company without professional help. 

One thing is certain, TLMI is loaded with industry leaders, people who have a passion for the tag and label industry and who, in many cases, have devoted their lives to it. Ken Kidd, recently retired co-CEO of WS Packaging Inc., certainly fits this description.

If merger and acquisition (M&A) activity is an indication of the state of the economic environment, then we have one more indication that the economy is bouncing back. This issue contains news items on Repacorp's acquisition of Aladdin Label; PaperWorks Industries acquisition of Rosmar Packaging; Mid Oaks Investments purchase of Plastic Packaging Technologies.

With 70 plants in 24 countries, Amcor Flexibles Europe & Americas (AFEA) is a market leading supplier of flexible packaging.

GREEN BAY, Wis.—Timothy J. Sullivan, president and CEO of Paper Converting Machine Company (PCMC), has announced the acquisition of F.L. Smithe Machine Co., Inc. of Duncansville, Pa., a designer and manufacturer of printing and converting equipment solutions.

MINNEAPOLIS—Hudson-Sharp’s converting equipment vertically integrates with Thiele’s bag weighing, bag filling and bag palletizing systems to create a single competitive source of complete bagging solutions.

WESEL, Germany—The specialty chemicals Group ALTANA has entered into an agreement to acquire the business of the North American company Water Ink Technologies, Inc. The company produces primarily water-based and UV inks, coatings and varnishes for narrow-web applications at three sites in North Carolina.

Wesel, Germany—The specialty chemicals Group ALTANA has entered into an agreement to acquire the business of the North American company Water Ink Technologies, Inc.

NEENAH, Wis.—Bemis Company, Inc. has signed a definitive agreement to acquire the Food Americas operations of Alcan Packaging, a business unit of international mining group Rio Tinto plc for $1.2 billion. Under terms of the agreement, Bemis will acquire 23 Food Americas flexible packaging facilities in the U.S., Canada, Mexico, Brazil, Argentina, and New Zealand.

PARSIPPANY, N.J.—Sun Chemical has signed an asset purchase agreement with Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company, to purchase certain assets and liabilities of Handschy inks, coatings and varnishes business. Handschy is a Graphic Packaging partner. Handschy’s customer lists, formulations and trademarks are included in the agreement.