FMN | September 2nd, 2019

FMN | September 2nd, 2019

Vol. 21 No. 18 FLEX Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com ® Global Packaging M&A Activity Surges by Mesirow Financial All4Labels Acquired By Triton An N.V. Publication Market News

September 2, 2019

Funds advised by Triton reached an agreement to acquire a stake in All4Labels – Global Packaging Group (“All4Labels”), Frankfurt, Germany. Triton will invest together with the current management of All4Labels who will continue to run the busi- ness while the minority shareholder Genui Partners will sell its shares. The owner families will stay all invest- ed and will continue to support fu- ture growth of All4Labels. Triton will bring additional capital and industry expertise to support the expansion strategy of All4Labels. The financial terms of the transaction were not disclosed. Regulatory approvals and other customary closing conditions are underway. Providing Labels All4Labels, headquartered in Ham- burg, provides pressure sensitive, shrink sleeve and security labels as well as flexible solutions. All4Labels has been a long-standing partner for major local and international compa-

M esirow Financial’s Packaging Perspectives, a periodic news- letter delivering perspectives on the latest trends and activ- ities affecting the packaging M&A landscape, has been released. It presents a mid-year review of 2019 and offers forecasts for the second half of the year, as well as other notable industry news.

Global packaging merger and acquisition (“M&A”) deal volume surged in the first half of 2019, reaching its highest level since 2015. In line with volume, deal value climbed to $15.0 billion in the first half of 2019, compared to $9.7 billion in the first half of 2017 and $12.5 billion in the first half of 2018, point- ing to a trend of increasing deal activity in the segment. Factors positively impacting the packaging sector include the rise and prominence of e-commerce, specifically Amazon and its ship-in- own container initiative, as well as flexible packaging becoming more prevalent in the pharmaceuticals and food sectors, two areas that are notably recession-resistant.

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For exclusive content and breaking news p lease visit www.flexomarketnews.com

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Anderson & Vreeland’s Technologies Team knows first-hand the pre-press challenges faced by printers and converters. Don’t overlook the important elements and trust us to offer some sage advice on how to take action before the plates land on a press. Learn more at andersonvreeland.com /prepress Key Tools for Prepress Performance

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All4Labels Acquired (Cont’d from Page 1)

nies in Europe, Latin America, Africa, and China. It has a global network of 29 production sites and more than 3,000 employees. The Triton funds invest in and supports medium-sized businesses headquartered in Europe. Its portfolio cur- rently includes 38 companies with combined sales of around $16.3 billion and has around 72,500 employees. TLMI Discounts Label Academy Development Tools TLMI has announced that association members will receive major discounts when purchasing Label Acad- emy training program books. The books are available at discounts of up to 50 percent in the website’s Engage member portal within the workforce development section of the website. The Label Academy initiative was set in place as a response to the reduction of dedicated academic print programs at colleges and high schools throughout North America and Europe. The goal of the Academy is to offer a standardized training process for label printers across the globe in addition to specific mod- ules that focus and address individual applications and technologies.

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Flexo Market News September 2, 2019 3

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Visitor Registration Opens For Labelexpo Asia 2019 Visitor registration is now open for Labelexpo Asia 2019. Held at the Shanghai New International Expo Centre (SNIEC) from 3–6 December 2019, the 9th edition of the biennial show will for the first time fea- ture an exclusive Flexpack area, dedicated to flexible packaging. The new Flexpack area will showcase the latest tech- nology in flexible packaging. Visitors will get to see in- line presses in action, as well as learn about the latest innovations in inks, coatings and surface treatments such as corona for flexible packaging and laminating films. Ancillary machines will also be demonstrated, such as high speed slitting equipment for master flexi- ble packaging rolls, amongst many others. “China is the second largest producer of packaging in the world, with flexible packaging one of its biggest growth areas,” said Lisa Milburn, managing director of Labelexpo Global Series. “This is due to changing con- sumer lifestyles and choices driving a continued indus- try trend towards shorter runs. It therefore felt right to expand the show by introducing a dedicated Flexpack area at Labelexpo Asia 2019, where Chinese printers and brand owners who may be moving into this area can source the solutions they need.”

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4 September 2, 2019 Flexo Market News

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Packaging M&A (Cont’d from Page 1)

The average multiple of publicly traded plastic pack- aging companies reached 11.6x, the highest point of this decade. The average multiple of publicly traded paper packaging companies decreased to 7.7x, largely driven by the corrugated industry, which experienced a simultaneous increase in containerboard capacity and decline in containerboard pricing. Despite fears of a recession due to the unprecedent- ed length of this bull market, we do not see any imme-

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diate issues that we expect to negatively impact the market for the remainder of this year and into 2020. The Federal Reserve’s recent interest rate cut has both dramatically changed the overall outlook for financial markets and the global economy, instilling confidence in the M&A market. The packaging sector continues to see increased in- vestments from public companies and private equity, with valuation levels nearing all-time highs. With M&A activity in the plastics and packaging sector remaining strong, it is worth noting the most active sectors driv- ing overall packaging deal volume: corrugated, flexible packaging, labels and rigid plastics. Corrugated Corrugated deal activity remains robust and multiples remain at record levels as industry participants contin- ue to focus on increasing integration levels. Over the past year alone, there have been 24 transactions in the U.S. corrugated market. One of the larger corrugated M&A deals in the first half of 2019 was DS Smith’s ac- quisition of Papeles y Cartones for $2.2 billion. Growth of e-commerce continues to drive increased demand of corrugated packaging. Retail giants such as Walmart and Best Buy are attempting to compete with Amazon in the online retail space by decreasing their shipping costs through reducing the material weight of their packaging. The Future of Corrugated Packaging estimates that $20 billion worth of corrugated materi- als are used in the e-commerce sector as a whole. With

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Flexo Market News August 5, 2019 5

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AICC To Offer Flexo Printing Seminar

AICC, The Independent Packaging Association, is hosting Best Practices for Flexographic Printing: Rais- ing the Standard, January 29-30, 2020, at the PrintCon Center at Clemson University in Clemson, South Caro- lina. This course takes the challenges out of high-qual- ity flexographic printing on corrugated substrates and combines classroom training with time on press.

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AICC To Host Disruptive Change Webinar Series

AICC, The Independent Packaging Association, is host- ing a three-part webinar, Thriving Through Disruptive Change, November 13, November 20, and December 4. This webinar will help companies create a culture of learning that will encourage employees to strive for constant improvement and grow the company. The first webinar, Leading Through Change & Disruption, addresses the ever-accelerating pace of change. Organizations need to adapt quickly to thrive. To do this, leaders must develop and nurture an internal culture that increases flexibility, adapt- ability, and learnability. This webinar will review a five-step process to achieve a flexible, adaptive, learning organization that is poised to thrive in any environment, discuss how Google’s three principles for creating a great culture can be applied to any or- ganization, and give attendees a better understand- ing of the relationship between culture, leadership, and personal development as the foundational com- ponents for success. The Success Snowball Effect - A Culture of Person- al Development, the second webinar, explains that during disruptive times a company’s culture must sup- port ongoing personal development, which creates a development path from“needs constant management” to “takes responsibility” to “takes ownership.” This ac- celerates a company’s productivity, profitability, and engagement while diminishing stress and conflict. This webinar will discuss the two essential ingredients and the three-step process for developing a culture of per- sonal development and will debunk the myths that keep companies from committing to a culture of per- sonal development. The final webinar, People - Your True Competitive Advantage, will recognize that savvy leaders know it is their people who select, develop, maintain, and grow the company. This webinar will give a deeper un- derstanding of personal development, explain how to communicate the personal development for organiza- tional success, define how to set appropriate and spe- cific personal development goals for each individual.

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6 September 2, 2019 Flexo Market News

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Albéa Invests In Nilpeter Presses

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Albéa, a global manufacturer of laminate tubes for cosmetics and oral care packaging, has further invest- ed in Nilpeter technology with the acquisition of new FA presses for company sites in India, Brazil and Po- land. Most have already been installed, with installation currently taking place in Brazil. The collaboration between the two companies dates back to 2008 when Albéa, through their former UK di- vision, Betts Group, acquired two original FA-4 flexo presses for locations in India and Indonesia. Interested in adding new technology, the Albéa head office in France reached out to Nilpeter once again, and after a comprehensive vetting process with testing and trials chose Nilpeter’s All New FA to be installed in India, Poland and Brazil. In addition to the advanced technology of the new FA, the ease of use and press performance with tough laminate tube materials, Albéa emphasized Nilpeter’s global support setup, worldwide reach, and 24/7 hotline for troubleshooting and live technical assis- tance. The new FA-presses will be put to use in the fields of laminate tubes for oral care packaging, cos- metics, pharmaceuticals, and other various personal care applications. Pre Print Flexo Press Market To Show Steady Growth The increasing use of flexographic printing for label- ling and packaging is driving the global preprint flexo presses market, predicts Fortune Business Insights in its new report. The report is titled Pre Print Flexo Presses Market: Global Market Analysis, Insights and Forecasts 2019 – 2026”. The report foresees the mar- ket to witness remarkable growth in the near future on account of increasing demand from end use indus- tries such as food and beverage and e-commerce. According to the report, the global preprint flexo presses market is anticipated to rise at a steady Com- pound Annual Growth Rate of 2.73 percent and reach a valuation of $9,681 million by 2026. Earlier, the mar- ket value was worth $7,832.5 million in 2018, show- ing steady growth in the coming years. The increase in demand for high-quality multi-color designs and printing on corrugated boxes and cartons is driving the market for preprint flexo presses. The rising demand for cost-effective and efficient printing including materials such as plastic, non-woven, and woven materials other than simply paper printing is a major factor contributing to the growth of the global preprint flexo presses market in the coming years.

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8 September 2, 2019 Flexo Market News

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Show To Spotlight Indian Corrugated Market IndiaCorr Expo–SinoCorrugated 2019 will take place from September 5-7, 2019, at India Expo Centre, Great- er Noida. This year, IndiaCorr Expo will feature new-to- market machineries, raw materials and ancillary equip- ment along with international pavilions. The show will continue to feature the ICCMA Congress, an industry initiative where thought-leaders will deliberate on challenges and opportunities faced by the industry while offering them networking opportunities. Spreading over 10,000-square meters of commer- cial space, IndiaCorr Expo and India Folding Carton will be a home to about 260 exhibitors from India and overseas, addressing the needs of corrugated box manufacturers, converters, corrugated box and relat- ed packaging designers, industry consultants, printers, converters and end-users. Being held alongside IndiaCorr Expo will be India Folding Carton, catering to the box-making and fold- ing carton industry. It is a focused event on folding carton business and for post-print manufacturing equipment and consumables from the folding car- ton industry. Package converters, paper box manu- facturers and printers attending India Folding Car- ton will witness solutions such as carton making

equipment, paper bag manufacturing equipment, software, testing equipment, paper, printers- digital, offset, flexographic, lamination solutions, inks and other consumables. The show will also feature India Flexography Expo, a unique platform bringing together a wide range of solutions ranging from raw materials to machinery. Attendees will benefit from solutions on display such as flexo printing machines, flexo rolls, flexo inks (wa- ter-based), adhesives, lamination solutions, paper, dyes, plates, conveyer belts, plate making machines, ancil- lary equipment among others. Wink Acquires Jeurink, ImaPack Wink has acquired Bandstahlschnitte Jeurink, a steel rule die maker based in Neuenhaus, Germany, and its Munich, Germany-based subsidiary ImaPack Stanzfor- men, as it seeks to expand in the packaging market. Wink emerged from Bandstahlschnitte Jeurink in 1989. At that time, Wilfried Jeurink, who had worked in his father’s company for many years, set up his own business with Wink. In 2006, Ferdinand Oetker, Gün- ther Skrzypek and Alan de Natris became new Wink shareholders.

Flexo Market News September 2, 2019 9

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WestRock Supports Walmart’s Endless Aisle Capabilities WestRock is supporting Walmart in delivering custom- ers through “endless aisle” technology in select stores throughout the country. Endless aisle technology allows shoppers to move seamlessly from physical to digital environments — if something isn’t available on the shelf, they can order it through a nearby touchscreen. “We’re partnering with our customers to leverage in- store merchandising as a bridge to the digital environ- ment,” said Stephen Brown, Vice President, Merchan- dising Displays, WestRock. “On a fundamental level, the role of merchandising displays has always been to guide the consumer to the best possible retail experi- ence. And that’s exactly what endless aisle technology allows us to do.” Enabling Shoppers The WestRock Merchandising Displays team has been collaborating with Walmart to develop endless aisle kiosks that enable shoppers to browse and purchase products not available in the store. The adjustable five-to- six-foot tall touchscreens were designed at WestRock’s design center in Bentonville, Arkansas, and manufac- tured at its Forest City, North Carolina, merchandising displays plant. Initial pilot testing was conducted at Walmart’s Intelligent Retail Lab (IRL) in NewYork. “With the endless aisle, the store can be a place to in- spire and engage, as well as an access point for broad- er commerce, while fulfillment can take place shortly thereafter,” said Leon Nicholas, Vice President, Retail Insights and Solutions at WestRock. “The endless aisle provides the best of both worlds, a way for retailers to bridge the physical and digital divide that acknowl- edges shrinking footprints while not limiting shopper choice.” The other benefit to endless aisle technology is for retailers; by studying the >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16

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