The packaging industry has seen a wide range of M&A activity during 2016.
David Savastano, Editor12.15.16
There has been much discussion on the recent increase in merger and acquisition activity within the ink industry. Some of these moves have been driven by consolidation within the printing ranks.
Up until the past year or so, the publication printing market has been a major focus of consolidation efforts, with R.R. Donnelley and Quad/Graphics purchasing competitors. There was no such movement this year, as the focus was primarily on packaging.
The largest acquisition of the year was the completion of Ball Corporation’s takeover of Rexam PLC, forming the largest global beverage can manufacturer. After the acquisition, Ball has 75 metal beverage manufacturing facilities and JVs, and net 2015 sales of approximately $11 billion.
The other sizable move came in the RFID space, as CCL Industries acquired Checkpoint Systems. Checkpoint Systems had sales of $820 million in 2015. This will allow CCL to add RFID to its label portfolio.
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