Novolex and Pactiv Evergreen, Inc., have entered into a definitive agreement to combine, creating a leading manufacturer in food, beverage and specialty packaging products. Under the terms of the deal, Novolex will acquire Pactiv Evergreen in an all-cash transaction valued at $6.7 billion, inclusive of Pactiv Evergreen’s net debt as of Sept. 30, 2024. The combination … [Read more...] about Novolex to acquire Pactiv Evergreen in all-cash deal worth $6.7 billion

While food packaging is largely recognized as a long-term and resilient industry during economic downturns, its enduring growth is surpassed by demand for high-barrier films in food packaging, says a new report by UK-based AMI. "High Barrier Films for Food Packaging - The Global Market 2024" forecasts that worldwide demand will rise 4.8% a year to 2028. The report divides … [Read more...] about High-barrier film demand for food packaging to grow 4.8% a year to 2028: AMI report

The European Union’s Circular Economy Strategy stipulates that all plastic packaging in the EU must be 100% recyclable by 2030, which has resulted in the introduction of new regulations, particularly in Spain. One current challenge is restriction on the use of recycled materials in food packaging to guarantee food safety. For example, in Spain, only recycled polyethylene … [Read more...] about BOTTLE4FLEX Project aims to develop 100% recyclable, flexible skin-packaging from recycled PET