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Graphic Packaging Holding Co., Atlanta, announced that its subsidiary, Graphic Packaging International, LLC, announced plans to acquire the foodservice business of Letica Corp.
The Kraft Heinz Co., Pittsburgh, Pa., announced the expansion of its environmental stewardship strategy to include time-bound targets for achieving greater packaging sustainability and setting science-based goals to reduce greenhouse gas emissions.
The study reveals the number of RPCs in use is larger than the demand due to the multiple trips made per year by most of these containers and their ability to be used for up to 100 trips.
Demand for new reusable plastic containers (RPCs) for fresh produce is projected to increase 7.6% per year to $185 million in 2022, making them one of the fastest growing produce packaging products, according to a new study produced by The Freedonia Group, Cleveland, Ohio.
The rise in M&A comes as big fast-moving consumer goods (FMCG) companies respond to challenges of driving growth, as well as pressure from activist investors to increase margins.
The number of mergers and acquisition deals among the Top 50 consumer goods giants reached a 15-year high in 2017, a 45% increase from the previous year, according to the annual Global 50 report released by OC&C Strategy Consultants, New York.
Smart packaging technologies based on unique digital codes will take both online and offline grocery in new directions during the next few years, according to the Tetra Pak Index 2018, released by Tetra Pak, Vernon Hills, Ill.
Pregis LLC, Deerfield, Ill., entered into a definitive agreement to purchase Free-Flow Packaging International, Inc. (FP International), Fremont, Calif.
Product positioning, marketing, the economy, taste trends, business and consumer spending and the direction of the consumer packaged goods (CPG) sector all impact the future of packaging trends, according to insights released by L.E.K. Consulting, Boston, Mass.