M&A Deal Summary

IPG Acquires Nuevopak

On June 30, 2021, IPG acquired machinery company Nuevopak for 44M USD

Acquisition Highlights
  • This is IPG’s 2nd transaction in the Machinery sector.
  • This is IPG’s 2nd largest (disclosed) transaction.
  • This is IPG’s 1st transaction in China.

M&A Deal Summary

Date 2021-06-30
Target Nuevopak
Sector Machinery
Buyer(s) IPG
Deal Type Add-on Acquisition
Deal Value 44M USD

Target

Nuevopak

Kowloon, China
Nuevopak designs and develops a range of machines to provide void-fill and cushioning protective packaging solutions. Nuevopak is based in Kowloon, Hong Kong.

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Buyer(S) 1

Buyer

IPG

Sarasota, Florida, United States

Category Company
Founded 1981
Sector Packaging
Employees4,100
Revenue 1.2B CAD (2020)
DESCRIPTION

IPG develops, manufactures, and sells a variety of paper and film-based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products, and packaging machinery for industrial and retail use. IPG was founded in 1981 and is based in Sarasota, Florida.


DEAL STATS #
Overall 7 of 7
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Nortech Packaging

Schaumburg, Illinois, United States

Nortech Packaging specializes in both delivering and providing after-market servicing of world-class packaging machines designed for cartooning, case-packing, case-erecting, pouch-packaging, palletizing and other custom-infeed and robotic solutions for various packaging applications. Nortech designs and manufactures high-quality, high-efficiency packaging machinery, and packaging systems that are used worldwide in most major industries including food, pharmaceutical, eCommerce, confections, personal care and cosmetics, beverage, and many others.

Buy $37M