PCA To Acquire Columbus Container
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Packaging Corporation of America has entered into a definitive agreement to acquire substantially all of the assets of Columbus Container, Inc., an indepen- dent corrugated products producer, in a cash-free, debt-free transaction for a cash purchase price of $100 million. Under the terms of the agreement, PCA will acquire a full-line corrugated products facility lo- cated in Columbus, Indiana, five warehousing facili- ties and other related operations located in Indiana and Illinois. The transaction is structured as a pur- chase of assets resulting in a full step-up of the assets to fair market value. As a result of the acquisition, PCA’s containerboard integration level is expected to increase by more than 30,000 tons. South China Printing Exhibit To Return In 2017 The 24th South China International Exhibition on Printing Industry (Printing South China 2017) and China International Exhibition on Label Printing Technology 2017 (Sino-Label 2017) will return March 1-3, 2017, at Area B, China Import and Export Fair Complex, Guangzhou, PR China. The exhibition area is expected to reach more than 90,000 square meters across 9 halls, where more than 1,000 worldwide ex- hibitors will be present. According to latest forecasts, the volume of the worldwide print market would grow from the cur- rent 407 billion euros to 420 billion by the year 2020. Packaging printing will enjoy the most signifi- cant growth, with an increase of 3.3 percent per year and an expected share of 141 billion in the overall market by 2020. In terms of specific printing process- es, it is projected that there will be a growth of 2.6 percent for flexo printing and 8 percent for digital printing. In view of market and buyers’ needs, Printing South China 2017 will launch special theme halls and zones, such as “Post-press & Packaging Converting Halls”, “Digital Printing Zone” and “Printing Materials Zone”, where the latest post-press and paper convert- ing, carton packaging, digital printing and packaging printing related equipment and materials will be showcased. Displays at Sino-Label will cover the entire printing- labeling industry chain, providing various solutions for different end-user applications. Exhibits include flexo, digital, offset and combination printing ma- chinery and equipment.
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For more information call: Tom Vilardi at 732-502-0500 ext 304 or Greg Kishbaugh at 317-306-1060
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Flexo Market News October 31, 2016 11
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