HoustonPoly Announces Price Increase

Sonoco ThermoSafe and Unilode Aviation Solutions announce a partnership for the maintenance, repair and handling of Sonoco ThermoSafe’s passive bulk temperature-controlled containers at several key locations. This cooperation will play an important role in enabling the safe and efficient transport of pharmaceuticals and other temperature-sensitive products around the world. Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled container for pharmaceutical use, which enables it to speed through international ground handling and customs processes at the lowest possible cost. Engineered with composite materials, the Pegasus ULD® offers a lighter solution that is substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system, providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.

Silgan Holdings Inc. announced that it has acquired Easytech Closures S.p.A. This business manufactures and sells easy-open and sanitary metal ends used with metal containers primarily for food applications in Europe. It operates a manufacturing facility in Fisciano, Italy and is projected to generate approximately €38 million, or approximately $45 million, in sales and approximately €6.6 million, or approximately $7.8 million, in adjusted EBITDA in 2021. “Easytech is a leading manufacturer of a broad portfolio of metal ends, including easy-open metal ends, in the European market. We have had an excellent long-standing business relationship with Easytech and have great respect for its owners and management team. We are excited to now welcome Easytech to the Silgan team,” said Adam Greenlee, President and CEO. “This acquisition will allow our combined businesses to more effectively and efficiently utilize existing capacity for metal ends, reduce capital investment in the near term and accelerate completion of an on-going cost reduction program. Our acquisition of Easytech is yet another example of our strategy to build shareholder value through a disciplined capital allocation model. We now look forward to the successful integration of our three recent acquisitions,” concluded Mr. Greenlee.

As of January 1st, Trioworld’s recent acquisitions of two leading innovative high-performance stretch film UK manufacturers, Eurofilms & Quality Films, have merged into one company to strengthen their UK position and support further growth ambitions. “I am happy to announce that Sonia Griffiths, who has been a driving force in developing the hand stretch film market in the UK during her 19 years with Quality Films, will lead the joint teams of Quality Films and Eurofilms to grow our UK business,” says Per Holtstrand, Division President, Stretch Film at Trioworld Group.