Packsize to Acquire Panotec

Right-sized, on-demand packaging specialist Packsize has announced the company’s completed agreement to acquire the packaging business of Panotec, an award-winning Italian manufacturer of high- and low-automation, right-sized packaging machines. Under the agreement, Packsize will grow its machine portfolio while expanding its combined installed customer base in over fifty countries throughout North America, Europe, and beyond.

“This acquisition further aligns our go-to-market approach and strengthens our ability to offer more flexibility and choice to businesses looking to optimize packaging operations while reducing waste and cost,” said Brian Reinhart, Chief Revenue Officer, Packsize. “Just as importantly, it brings together teams that share a similar innovative vision for the future of right-sized packaging, making us better positioned to accelerate growth and deliver even greater value globally.”

The newest addition to the Packsize portfolio builds upon the April 2025 acquisition of Sparck Technologies, which combined Packsize’s innovative technology and service model with Sparck’s fit-to-size box systems and best-in-class box last and lid and tray solutions.

“We’re excited about this acquisition and what it unlocks for Packsize and our customers,” said Kellen Frey, Chief Operating Officer, Packsize. “This move strengthens our core technology capabilities and positions us to deliver even more scalable, efficient, right-sized packaging solutions. By combining talent, technology, and capacity, we continue to broaden our global capabilities with an emphasis on delivering best in class quality and service for our expanding customer base.”

Carlo Capoia, Vice President of Panotec added:

“We look forward to leveraging the combined strengths of our companies to provide an unparalleled product selection and service to the markets we serve.”

The transaction is expected to close upon the satisfaction of customary closing conditions, including receipt of applicable regulatory approvals and completion of the required consultation process with applicable unions.

New Multipurpose Logistics Terminal in Oman

Omani integrated logistics provider Asyad Group, and CMA CGM have signed a Framework Agreement to develop, manage, and operate a multipurpose logistics terminal in Sohar.

The agreement was signed during the official visit of the Sultan, Haitham bin Tarik, to France. It reflects the growing economic cooperation between the two countries.

This partnership establishes a long-term strategic collaboration between the two organizations, combining their capabilities and expertise to enhance Oman’s ports as key global trade hubs, strengthen operational efficiency, and deliver superior service to customers across the region. The partnership provides the framework for the development of a USD 400 million new multipurpose logistics terminal in Sohar, which will enhance advanced integrated logistics services, and supply chain solutions and will contribute to reinforcing new regional and international trade corridors, increasing cargo handling volumes, and solidifying Omani ports’ connections to global shipping networks and key international markets.

Eng. Abdulrahman Al Hatmi, Group CEO of Asyad Group, commented:

“This partnership reflects Asyad Group’s vision of building strategic collaborations with major global companies to enhance the commercial attractiveness of Omani ports and maximize the economic value of their assets. This cooperation will open new horizons for attracting trade flows and quality investments to ports, and free and economic zones, and strengthening Oman’s position in global supply chains, in support of the Sultanate’s objectives to establish its position as a pivotal center for trade and logistics services at the international level.”

Rodolphe Saadé, Chairman and CEO of CMA CGM Group, said:

“This partnership with Asyad Group marks an important step in the development of our logistics and port activities in the Gulf. By developing a new logistics terminal at Sohar, we will strengthen regional connectivity while securing reliable inland access to key trade corridors. It will ensure greater resilience and efficiency for our customers’ supply chains. It also reflects our confidence in Oman’s long-term vision and our commitment to strengthening its position as a strategic gateway connecting the Gulf to global markets.”

Asyad Group operates an integrated logistics ecosystem spanning more than 76 cities in 24 countries worldwide. This ecosystem is supported by a diverse maritime fleet of over 100 vessels, with services extending to more than 90 destinations globally and connecting over 200 commercial ports. In addition, Asyad operates and manages a number of ports, free and economic zones, reflecting the growth of its business portfolio and the expansion of its logistics services globally. This reinforces Oman’s vision and position as a bridge connecting East and West. Asyad also manages port operations, freezones, and mega logistics infrastructure projects. Ranked among the top logistics companies in the MENA region by Forbes, Asyad Group is committed to delivering excellence and innovation, connecting global markets through its exceptional infrastructure and strategic international partnerships.

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