PureCycle partners Nestle and Milliken to accelerate plastics recycling

USA - PureCycle Technologies, US based recycling firm has partnered Milliken & Company and food and drinks giant, Nestle to accelerate its plastic recycling operations. PureCycle said the collaboration advances its plans to open its first plant which will restore used polypropylene (PP) plastic to ‘virgin-like’ quality with ‘a revolutionary recycling method’. The company utilizes…

Owens-Illinois to invest US$60m in expanding glass production facility in France

FRANCE - Owens-Illinois, Inc (O-I) has announced that it will invest about US$60 million to expand its glass production facility in Gironcourt, France as part of the planned investment in Europe. The company said the investment will enable it grow in premium segments, increase capability and flexibility, as well as improve the company's environmental footprint.…

RPC Group accepts higher buyout offer from plastic packaging firm Berry Global

UK – RPC Group, one of the largest plastic packaging suppliers in the UK has recommended the buyout offer from Berry Global, which is higher than that made by Apollo in January. According to a report by Reuters, RPC has agreed to a purchase agreement worth US$4.37 billion compared to about US$4.2 billion tabled by…

Kwik Lok CEO to retire, appoints Don Carrell to succeed role

USA – Packaging manufacturer, Kwik Lok Corporation has appointed Don Carrell as the new Chief Executive to succeed John K. Rothenbueler who will be retiring from the company as from April 1, 2019. The company said John K. Rothenbueler will maintain his role as Board Chairman and ensure a smooth transition. He was appointed Directors…

Kwik Lok President to retire, Motohiro Kawai appointed to succeed role

JAPAN – The Japanese manufacturer of plastic bag closures for the packaging industry, Kwik Lok Japan Ltd has announced that the company President, Shinichi Sugiura plans to retire as of April 1, 2019. Motohiro Kawai, a Japanese native has been appointed as new President for Kwik Lok Japan Ltd and will work closely with Sugiura…

Packaging group Huhtamaki launches a new line of paper straws

FINLAND – The Finnish food packaging company, Huhtamaki has launched a new line of paper straws to increase availability of sustainable choices and alternatives to plastic straws. The development comes after the company invested in new, purpose-built machinery to expand its capabilities in providing sustainable materials for food packaging products. Huhtamaki said the new paper…

Apollo to buy packaging company RPC Group for US$4.3b

UK – RPC Group, one of Europe's largest supplier of plastic packaging is set to be acquired by private equity firm Apollo Global Management in a US$4.31 billion (£3.3 billion) deal. The buyout bid has been recommended by board members of the packaging group, ending a period of discussions between the two firms and speculations…