Mergers & Acquistions
Laddawn’s recently revamped headquarters in Devens, MA.
Berry Global Group has acquired Laddawn, Inc., a manufacturer
of blown polyethylene packaging products using an e-commerce site
www.Laddawn.com, which provides a web and mobile sales platforms
to create stock and custom products. Laddawn experienced sales of
$145 million for the year ended July 31, 2018. It has 380 employees
and five manufacturing sites in the U.S.
AptarGroup, Inc., Crystal Lake, IL, has completed the acquisition
of CSP Technologies S.à r.l., to grow its business in the Pharma and
Food Safety markets. CSP Technologies uses proprietary material science
to create active packaging solutions to protect products.
Sensient Technologies has acquired Vancouver-based Mazza Innovation
Ltd., a creator of botanical extraction technologies, for an
undisclosed amount. This is part of Sensient’s “seed to shelf” strategy
to innovate across the value chain for natural and organic ingredients
for food and beverage, nutraceutical and personal care products.
Charkit Chemical Co., a subsidiary of LBB Specialties LLC, has purchased
the assets of ChayseChem, Inc., a North American distributor
of fine chemicals and custom manufactured intermediates and active
pharmaceutical ingredients (APIs), for an undisclosed sum.
Firmenich has invested in Guatemala-based
Nelixia to expand the distribution of natural
ingredients, such as ethically-sourced essential
oils, in Central America. Nelixia will continue to
be led by its co-founders. Terms of the deal were
not disclosed. Through its “Naturals Together”
strategic partnerships, Firmenich sources and crafts natural ingredients
for its creators and the market.
Douglas has completed the acquisition of Parfümerie Akzente with
a majority stake. Parfümerie Akzente runs online commerce site
parfumdreams, one of the largest
online perfumeries in Germany with
activities in 10 other European countries,
including The Netherlands, Belgium, Italy, Spain and France.
The acquisition will boost Douglas’ e-commerce business. Parfümerie
Akzente generated sales of €75 million ($87.9 million) in 2017. The
acquisition price was not disclosed.
Assets of retail fragrance maker Suite K were acquired by Arcade
Beauty for an undisclosed sum. The assets include a 78,000 sq ft
facility in Dayton, NJ.
DKSH Business Unit Performance Materials and schülke & Mayr
have extended a distribution agreement for schülke’s broad range of
specialty chemicals for the personal care industry in France. DKSH
already markets and distributes for schülke in Cambodia, Myanmar,
Thailand, Vietnam, the Philippines, Spain and Portugal.
Givaudan has formed a strategic partnership with Synthite, Kochi,
India, to develop exclusive floral
and spicy natural fragrances derived
from natural
sources such
as jasmine, tuberose, ginger and
cardamom. This new partnership
bolsters Givaudan’s 2020 goals to
expand its natural offerings.
FSI has made a strategic investment in Lumson S.p.A resulting in a
35% share. The Moretti family holds the remaining 65%. The investment
is expected to boost growth in
R&D and innovation. Additions to
Lumson’s Board of Directors include
Marco Tugnolo, Investment Director at FSI, and Carlo Bozotti,
Industrial Partner at FSI and former CEO at STMicroelectronics.
Vitale and Co S.p.A. acted as financial advisor in the transaction.
Brenntag, Essen, Germany, has acquired all shares of specialty
chemicals distributor Alphamin S.A., headquartered in Wavre, Belgium,
and its subsidiary Alphamin Inc., based in New Jersey, to help
expand its Material Science segment with Alphamin’s specialty polymers
and waxes. Alphamin was previously owned by KeBeK Private
Equity, a Belgian firm. Alphamin generated sales of €44.6 million
($52.3 million) for the financial year ended June 30. Financial terms
of the deal were not disclosed.
Label and shrink sleeve provider
Resource Label Group has purchased
Paragon Label. Paragon,
Petaluma, CA offers a full range of flexographic and digital printing
capabilities. Terms of the deal were not disclosed.
Indukern, a Grupo Indukern company, has acquired Diffusions
Aromatiques SAS, whose core activity is the distribution of natural,
organic and synthetic ingredients for the perfume, scent, cosmetic
and aromatherapy industry. Diffusions Aromatiques SAS operates
out of the district of Grasse, France. Spray
October 2018 Spray 47