Tokyo-based TOPPAN Holdings, Inc., enters an agreement with Sonoco Products Co., a global leader in high-value sustainable packaging, to acquire Sonoco’s Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion. The deal is expected to close in the first half of 2025. This acquisition is highly complementary, combining the robust sales network, … [Read more...] about TOPPAN Holdings to acquire Sonoco Thermoformed & Flexible Packaging business for $1.8 billion

After three and a half years of intensive research, the EU project CIRCULAR FoodPack has developed new processes to effectively recycle flexible-polyethylene food packaging. The project partners have applied and validated a tracer-based sorting technology that can separate food and non-food packaging waste. A combination of novel pre- and post-treatments with mechanical or … [Read more...] about Fraunhofer IVV develops new processes to recycle flexible-PE food packaging, blazing trail for sustainable circular economy

Albemarle, NC-based flexible-packaging converter Global Packaging Solutions says it will expand its headquarters operations, creating 10 new jobs and investing $4.8 million in real and business property. The expansion is made possible through a Rural Infrastructure Authority’s Building Reuse Grant, totaling $80,000. Global Packaging Solutions, specializing in roll-fed … [Read more...] about Global Packaging Solutions to expand NC facility