Industry news

Treofan Americas. Photo: CCL.

CCL Industries in talks to acquire Treofan America

By Jenny Eagle

CCL Industries has signed a binding agreement to acquire Treofan America and Trespaphan Mexico Holdings from M&C for approximately $255m with the deal expected to close in Q2, 2018.

Smurfit Kappa at drinktec last year. Photo: Smurfit Kappa.

Smurfit Kappa rejects International Paper buy-out

By Jenny Eagle

Smurfit Kappa has rejected a buy-out from International Paper Company (IP) because: ‘it fails to reflect the Group’s superior prospects as an independent business and represents a valuation multiple significantly below recent comparable transactions’.