Category: Uncategorized

TricorBraun acquires Pacific Bag, forms new unit TricorBraun Flex

In a growing effort to set a firm foot in the global flexible packaging sector, TricorBraun, a U.S.-based rigid packaging industry giant, has recently announced that it is acquiring Pacific Bag, an American packaging manufacturer. As per reliable sources, the transaction represents the sixth acquisition of the packaging giant in eighteen months. The company purchased

PPG to buy German automotive coatings manufacturer Hemmelrath

PPG Industries, Inc., a US-based global supplier of coatings, paints, and specialty materials, has reportedly signed a definitive agreement to acquire Hemmelrath Lackfabrik GmbH, a Germany-based manufacturer of automotive coatings. The acquisition is expected to strengthen PPG’s foothold in the automotive industry. According to authentic sources, the American Fortune 500 company PPG is excited to

Swindon to build first advanced plastics recycling facility in England

Swindon Borough Council has recently announced its plans of setting up an advanced recycling facility which would practically recycle all plastics, which includes plastic film and crisp packets. Apparently, the recent proposed facility would be employing a recycling machine, that is provided by specialists Recycling Technology. This technology could seemingly convert plastic waste back into

Atlas Holdings buys packaging solutions provider Saxco International

Atlas Holdings LLC has reportedly purchased Saxco International, LLC, the foremost value-added distributor of packaging solutions to the food, craft beer, spirits, and wine markets. As per trusted sources, the financial terms of the deal are yet to be disclosed. Partner at Atlas Holdings, Sam Astor was reportedly quoted stated that the company is delighted

AR Packaging completes acquisition of Croatia-based Istragrafika

AR Packaging Group, the Swedish packaging company, has reportedly completed the acquisition of all outstanding shares in Istragrafika, a high-quality folding carton products maker based in Croatia, for an undisclosed amount. Reportedly, AR Packaging incorporated Istragrafika into its establishment on the 1st of January 2019. As per authentic sources, Istragrafika, which was previously owned by

BASF works on LiDAR detection enhancement, develops dark auto paint

The Germany-based BASF Automotive Solutions is currently in the news for having announced its decision to develop near-infrared, dark and reflective automotive paint colors in a bid to improve LiDAR detection and enhance the detecting function of autonomous cars. Apparently, autonomous or self-driving cars depend on constantly streaming data & information from LiDAR readings as