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.
Acquisition adds significant capabilities to the Inovar platform, which includes industry-leading pressure sensitive, roll-fed, and RFID label capabilities.