M&A

Price Container and Packaging is a rigid packaging distributor serving primarily the industrial and food markets.

With the acquisition of GPI, Fathom has doubled its metal additive capacity.

The acquisition considerably strengthens Nolato’s medical manufacturing footprint in North America.

Company also announces closure of compounding operations at Kaiserslautern and Wehr, Germany, and Ferrara Marconi, Italy, sites.

Japan’s Daicel will acquire the stake of partner Celanese in the engineering plastics joint venture. The deal is valued at $1.575 billion.

By taking a majority interest in Techmer PM, SK Capital commits to recapitalizing the company in partnership with chairman and CEO John Manuck, who will continue to retain a significant ownership stake in Techmer.

Tool & Plastic Industries Ltd. specializes in contract cleanroom molding and assembly at facilities in Ireland and the Czech Republic.

The $1.44 billion deal includes 46 manufacturing operations and technology centers in 29 countries and approximately 3,500 employees, who will join Avient's Color, Additives and Inks segment.

The divestment represents another “deliberate step in building a BP that can compete and succeed through the energy transition,” said CEO Bernard Looney.