PDC Brands, a worldwide consumer product company, has acquired beauty firm Original Additions from private equity firm LDC (Managers) in a £37m ($52.62m) deal.
PDC Brands will have access to key distribution channels in the UK and Europe as a result of the purchase, whereas Original Additions will be able to expand globally.
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Deloitte LLP was the financial adviser to Original Additions for the transaction, while Lincoln International LLC was the financial adviser to PDC Brands.
NOVOLEX, a North American packaging and sustainability firm, has announced its decision to purchase Heritage Bag Company, a leading manufacturer of plastic can liners and other packaging products.
Expected to be completed by end of June, the acquisition will make NOVOLEX a $2.3bn company.
Based in Dallas, US, Heritage Bag Company employs approximately 800 people and marks NOVOLEX’s fifth acquisition since 2012.
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By GlobalDataTetra Pak International has acquired Laude, a specialist in the design, development and manufacture of plastic moulds used in hard and semi-hard cheese production.
The acquisition is part of Tetra Pak’s strategy to expand its global reach and strengthen its position as a world leader in packaging.
Laude now operates as part of Tetra Pak Cheese and Powder Systems and retains its existing location and management team.
In Vino has acquired wine manufacturer and distributor Moreno Wines from Manuel Moreno.
A UK-based investment company, In Vino owns wine producer and distributor Boutinot. The family-owned Moreno Wines will continue to operate independently, although founder Manuel Moreno will retire from the business as part of the transaction agreement.
Boutinot plans to leverage its wine production capabilities through the transaction and hopes to further expand Moreno Wines.
Image: Laude has been acquired by Tetra Pak International as part of its global expansion strategy. Photo: courtesy of Tetra Pak International.
