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Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) in partnership with management announced that it has acquired Pretium Packaging (“Pretium” or the “Company”) from Genstar Capital. Pretium is a leading full-service designer and manufacturer of rigid packaging solutions for specialized applications. Financial terms of the transaction were not disclosed. Headquartered
Read moreCrain Communications Inc. is launching a new brand to address the emerging recycling and sustainability focus of the global plastics industry. Sustainable Plastics will provide news and information that impact consumer and industrial brands, manufacturers, governments, the plastics industry and more. “There is no bigger issue today in the plastics industry
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The WorldStar Packaging Awards Competition is one of the major events of the World Packaging Organisation (WPO) and is the pre-eminent international award in packaging. WorldStar illustrates the continual advancement of the state of packaging design and technology and creates a living standard of international packaging excellence from which others may learn. One WorldStar
Read moreAlpla Group, an international plastic packaging and recycling specialist, joins a new consortium for chemical recycling of PET. The consortium intends to speed up the commercialisation of enhanced recycling technology, BP Infinia, which turns opaque and difficult-to-recycle PET plastic waste into recycled feedstocks. Leading companies operating across the polyester packaging value
Read moreThe Italian packaging machinery industry continues to grow, its total turnover exceeding the record figure of 8 billion euros registered in 2019. According to the preliminary figures published by the Research Department of Ucima (Italian packaging machinery manufacturers’ association), the sector has seen 1.8% growth this year. Specifically, the Italian market has
Read moreThe PETplanet Insider team would like to thank you for the good cooperation during this year and for your ongoing confidence. Best wishes and happiness to you and your families over the festive season. We look forward to a successful 2020 working together! Alexander Büchler and the PETplanet Insider team Our
Read moreThe Executive Board of Krones AG has decided on additional structural efficiency measures. Furthermore, the Management has specified the expected expenses for all measures intended to substantially enhance the profitability of Krones. Measures initiated to cut personnel costs as well as specific portfolio optimisation measures lead to provisions and impairments of
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As of January 1, 2020, Nicolai Küls will succeed Helmut Gries, who is retiring at his own request. “We would like to thank Helmut Gries for his successful work over the past 25 years and wish him all the best for the future,” says Dirk Engel, CEO of the gwk parent
Read moreIndorama Ventures Public Company Limited (IVL), a global chemical manufacturer, has acquired Green Fiber International Inc. (GFI), a recycling company in Fontana, California, USA. The facility produces Recycled Polyethylene Terephthalate (rPET) flakes. The acquisition has a combined capacity of 40,000 tonnes/annum. Green Fiber International Inc. offers high-quality recycled PET bottle flakes
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The World Beverage Innovation Awards, in association with BrauBeviale, was designed to celebrate excellence and innovation across numerous categories within the beverage industry. At the 2019 Award Ceremony, Aptar Food + Beverage was recognised with the Best Closure Award for its Flip Lid solution. A panel of nine judges considered entries
Read moreAdvent International backed MTL (Manjushree Technopack Ltd), a leading rigid plastics packaging solutions company from India, has acquired National Plastics (NAPLA), one of the leading player in spraying and dispensing systems and solutions in India (slump sale, on a going concern basis). This is the first acquisition by MTL since Advent
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