LEBRONZE ALLOYS acquired by ASTORG

Amcor and Berry Global have entered into a definitive agreement to combine in an all-stock transaction, creating a global consumer and healthcare packaging powerhouse. Under the terms of the agreement, Berry shareholders will receive $73.59 per share in Amcor stock, representing a 9.75% premium to the last close. Post-merger, Amcor shareholders will own approximately 63% of the combined entity, while Berry shareholders will own 37%. The strategic rationale for the combination is to create a leader with unprecedented scale and geographic reach across 140+ countries. The merger unites Amcor’s global flexibles strength with Berry’s regional container and closure leadership, particularly in North America and Europe. The combined group expects to generate $650 million in annual synergies by the third year, driven by cost optimizations and incremental growth in high-value categories. This transaction accelerates both companies' shift toward a sustainable, circular economy-focused product mix, positioning the new Amcor as the largest buyer of resin and the most capable innovator in the global packaging landscape.

Carton Pack S.p.A. has acquired Clifton Packaging Group Limited, a UK-based manufacturer of flexible food packaging. This transaction marks Carton Pack's entry into the UK manufacturing market and expands its product portfolio into the high-growth "wet protein" (meat) and snack categories. The deal is Carton Pack's sixth acquisition since 2020 and the third under AMCE ownership.

Texen S.A.S., under the umbrella of its parent company PSB Industries, has finalized the acquisition of 100% of Quadpack Industries. The transaction was initiated through the acquisition of a 77.66% controlling block from Eudald Holdings SL and the company's founders, followed by a 9.85% stake from a minority shareholder. The remaining shares were acquired via an "asymmetric" capital reduction process, allowing PSB Industries to gain full ownership and delist Quadpack from the Euronext Growth market. The strategic rationale for this merger is to create a global leader in beauty packaging, moving the combined entity into the world's Top 5 within the sector. While Quadpack and Texen will initially remain standalone entities to preserve their respective cultures, the group will leverage significant synergies in geographical coverage (Asia, Europe, Americas) and market segments (Luxury vs. Masstige). The founders of Quadpack have reinvested into PSB Industries, remaining involved in the future growth of the unified group.

Cimsa acquired a 94.7% majority stake in Mannok while the local management team retained a 5.3% minority interest to ensure continuity. The transaction provides an exit for the consortium of US hedge funds (led by Brigade Capital Management) that had owned the business since its receivership in 2014. Cimsa intends to use Mannok as its "growth hub" for the UK and Irish markets, leveraging Sabancı's financial power to accelerate Mannok's decarbonization and sustainability initiatives.

Axalta Coating Systems completed the acquisition of CoverFlexx Group, a subsidiary of Transtar Holding, on July 2, 2024. The transaction represents a bolt-on acquisition aimed at reinforcing Axalta’s footprint in the North American automotive refinish coatings segment. The strategic rationale is anchored in strong product and customer complementarity. CoverFlexx brings a portfolio of value-oriented coatings and aftermarket solutions, allowing Axalta to broaden its offering across the price spectrum and better address economy-focused customer segments. This positioning is particularly relevant in the refinish market, where cost sensitivity and product availability are key purchasing drivers. The integration of CoverFlexx’s brands and capabilities enhances Axalta’s go-to-market strategy and supports incremental penetration in the aftermarket channel. From a value creation standpoint, the transaction is expected to be value-accretive through cross-selling opportunities, expanded distribution reach, and operational synergies across manufacturing and procurement. The addition of CoverFlexx also strengthens Axalta’s scale in a fragmented sector characterized by ongoing consolidation and sustained demand driven by vehicle repair activity.

Labelys organized a new buy-out to welcome Florac, Cerea, and Unigrains as new shareholders. The management team maintains a significant minority stake (~40% slightly diluted). The primary objective of this EUR200M equity injection is to finance a new wave of acquisitions across Europe. The financing package includes a senior debt and a Tranche C (private debt), with a leverage kept below 4x EBITDA, providing the group with a robust M&A "war chest" to reach EUR350M+ in revenue by 2028.

Cerea Partners acquired a majority stake (approximately two-thirds) in Isnard Groupe, valuing the company between EUR30 million and EUR40 million. The transaction is a classic "Primary LBO" (first time opening capital to PE). The deal involves recruiting a new external CEO to lead operations. Financing was secured through a senior debt package in two tranches.

Blackstone acquired a majority stake in Seves Group (Sediver's parent company) from Triton Partners. This deal concludes a 10-year turnaround by Triton, which rescued the group from near-bankruptcy in 2015. Under Triton, the group was streamlined (divesting non-core units like PPC and Vitrablok) to refocus entirely on Sediver's high-margin glass insulator business.

Sonoco has entered into a definitive agreement to acquire Eviosys from KPS Capital Partners. This landmark transaction establishes Sonoco as the global leader in metal food can and aerosol packaging, combining Eviosys’s dominant EMEA footprint with Sonoco’s leading position in the United States. The strategic rationale is built on creating a global $25 billion total addressable market platform with unparalleled innovation and sustainability capabilities. Sonoco expects to achieve over $100 million in annual synergies within 24 months through procurement savings, supply chain optimization, and manufacturing footprint alignment. The transaction is expected to be immediately accretive to Adjusted EPS, marking a pivotal milestone in Sonoco’s portfolio transformation strategy.

Axiom Groupe, a logistics and packaging player based in Brittany, continues its national expansion by acquiring Osmea. This acquisition allows Axiom to establish a strong foothold in the South-East of France (Occitanie and PACA regions) and to reinforce its expertise in high-value industrial packaging (crate manufacturing) and industrial transfers.