Sonoco says the acquisition creates a global leader in metal food and aerosol can manufacturing and advances the company’s portfolio transformation strategy.
Transaction enables Dow to further focus on core, high-value downstream markets. Proceeds will be used to support Dow's capital allocation priorities, including value-creating growth investments.
In a just-released report, Capstone Partners notes that portfolio realignment fueled a significant portion of deal activity in early 2024. Global sustainability initiatives represent another significant factor driving mergers and acquisitions.
Combination is touted as bringing together two highly complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering, a scaled containers and closures business, and a unique global healthcare portfolio.
TC Transcontinental anticipates using the net proceeds to continue reducing net debt in line with its business priorities. This will increase its flexibility in capital allocation, including targeted acquisitions in growth segments.
Verde’s biobased, biodegradable and recyclable PolyEarthylene resins – already being sold to global brands and large plastics converters – could potentially be incorporated into Nxu’s EV charging systems.
Betterbin’s expertise will support Better Earth’s mission to help restaurants and foodservice operators make informed packaging choices that comply with state and local regulations.
Siete's portfolio includes tortillas, cookies, snacks, and more.
October 1, 2024
The acquisition will reportedly complement PepsiCo's portfolio with the addition of an authentic, Mexican-American brand, while also growing its better-for-you food offerings.
Upon completion of the transaction, Kellanova will become part of Mars Snacking, led by Global President Andrew Clarke and headquartered in Chicago, allowing Mars to bring even more beloved brands to more consumers globally.