Cascades inaugurates the expansion of its Drummondville packaging plant

Sonoco Products Company announced the close of its acquisition of Eviosys, Europe’s leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP. The transaction advances Sonoco’s portfolio transformation strategy to simplify and realign its portfolio and position the Company for long-term growth and value creation. Sonoco announced its intent to acquire Eviosys on June 24, 2024. Following the integration process, Eviosys will transition to the Sonoco brand over the coming months and will operate under Sonoco’s Consumer Packaging segment.

The Mayr-Melnhof Group has successfully completed the acquisition of Essentra Packaging, which was agreed in June 2022, following the approval of all relevant competition authorities. The transaction includes 100% interest in ESNT Packaging & Securing Solutions Limited (UK) and 100% interest in Essentra Packaging US Inc (US) and its affiliated companies. With this acquisition, MM Packaging is expanding its range of folding boxes, package inserts and labels for the resilient and profitable healthcare & pharmaceutical market, creating an attractive platform for further growth. Essentra Packaging comprises 21 manufacturing sites in 10 countries across Europe, the US mainland and Puerto Rico, ideally complementing MM Packaging's current position in pharmaceutical packaging in Scandinavia and France. Essentra Packaging employs around 3,500 people and reported sales of around £370m (currently around EUR 410m) for 2021.

We are increasing our footprint in the Romanian market with an investment of over €13 million in our Ghimbav production site. Work at Ghimbav is expected to be completed by the end of 2023, and will support customers’ sustainability goals as well as reducing our carbon emissions on site. This investment will support ongoing plastic replacement with customers, increase capacity by over 20%, and significantly boost productivity. With a continued focus on innovation, the investment will further differentiate our offering in the market by supporting customers to reach environmental targets.