The completion of the strategic transaction between OMV and XRG has resulted in the formation of Borouge International, positioning the company as the world’s fourth-largest polyolefins producer and a major new force in global materials supply. The new entity has been created through the combination of Borouge and Borealis, alongside the acquisition of NOVA Chemicals for $13.4 billion, establishing a …
Henkel to acquire OLAPLEX to expand premium hair care portfolio
Henkel has entered into a definitive agreement to acquire 100% of OLAPLEX, a premium hair care brand, at an offer price of USD 2.06 per share, implying a total transaction value of USD 1.4 billion. The transaction has been unanimously approved by OLAPLEX’s Board of Directors. Advent, OLAPLEX’s controlling shareholder, has …
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Unilever announces $20bn foods business combination deal with McCormick & Company
Unilever has announced an agreement to combine Unilever’s Foods business with McCormick, forming a global flavour-focused entity with combined revenues of approximately $20 billion based on fiscal year 2025 data. The transaction will bring together established brands including Knorr, Hellmann’s and McCormick, alongside growth-oriented brands such as Cholula, Maille and …
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The Coca-Cola system announces R17.6 billion investment in South Africa
The The Coca-Cola Company and its authorised bottling partners, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, have announced a planned investment of R17.6 billion (approximately $1 billion) in South Africa through 2030. The announcement was made at the South Africa Investment Conference in Johannesburg by Luis Felipe Avellar, president …
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Liberia to establish first national packaging centre to support SME competitiveness
Liberia is set to establish its first dedicated packaging facility under the Liberia Special Economic Zones Authority (LSEZA), in a move aimed at strengthening the competitiveness of small and medium enterprises (SMEs) and improving the quality of locally produced goods. The facility, to be known as Liberia Packaging Solutions (LPS), will provide …
African LNG projects gain strategic relevance as Europe seeks supply stability
Europe’s gas supply strategy is facing renewed strain amid rising geopolitical risks and tightening global LNG markets, shifting attention toward African liquefied natural gas (LNG) projects that were sanctioned prior to current disruptions and are now nearing or entering production. These projects are increasingly viewed as near-term supply options, offering available or soon-to-be-available volumes without …
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$10.3 billion Sealed Air acquisition approved by stockholders, with implications for Middle East and GCC packaging markets
Stockholders of Sealed Air have approved the company’s proposed acquisition by an affiliate of Clayton, Dubilier & Rice(CD&R), marking a key step toward the completion of the $10.3 billion transaction that will take the global packaging supplier private. The approval was confirmed during a special meeting of stockholders held on February 25, 2026. The transaction remains …
CCL Industries signs agreement to acquire Sleever International to strengthen sleeve labelling portfolio
CCL Industries Inc. has signed a binding option agreement to acquire Sleever International Company SA, a global provider of shrink sleeve labelling solutions and application equipment for consumer packaged goods and healthcare markets. Headquartered near Paris, France, Sleever operates 11 manufacturing facilities across Canada, Europe, China and Brazil, offering shrink …
Indorama Ventures, Nigerian Breweries and Genesis Energy partner to develop one of Africa’s largest rPET production facilities by 2027
Indorama Ventures Public Company Limited has entered into a partnership with Nigerian Breweries Plc and Genesis Power & Energy Solutions Ltd to establish a large-scale food-grade recycled PET (rPET) production facility in Lagos, Nigeria. The planned facility will have an annual production capacity of approximately 45,000 tonnes of rPET resin …
SABIC restructures portfolio through divestment of petrochemicals and engineering plastics businesses
SABIC has announced plans to streamline parts of its global chemicals portfolio through the divestment of selected business units, as the company seeks to strengthen long-term growth and capital efficiency. The Saudi-based chemicals producer confirmed that it has signed agreements to sell its European petrochemicals business to investment firm AEQUITA …