Mergers and acquisitions

Punch Graphics is to sell its majority stake in digital press manufacturer Xeikon in a deal that values the business at €185m (£160m).

Commercial printer KPM has moved into publishing following the acquisition of five magazine titles from a collapsed publisher, a strategic move it said would boost turnover by a "significant amount".

Private equity firm Carlyle Group has bought the paperboard operations of global packaging group Chesapeake from Irving Place Capital and Oaktree Capital Management.

Bristol-based adhesive coatings manufacturer Drytac Europe has acquired Canadian firm Multi-Tac for an undisclosed sum.

Managed print services provider InnerWorkings has acquired Yorkshire-based Professional Packaging Services (PPS) for an undisclosed sum.

EFI has acquired Belgian MIS developer GamSys Software as it looks to expand its reach through Europe.

Pitney Bowes has sold its mailroom and document management services businesses in the UK and Ireland to Swiss Post for an undisclosed sum.

It was yet another weighty document relating to Kodak's Chapter 11 process, but among the hundreds of filings, this was the most significant to date.

Paragon Print and Packaging and Britton Group are among five businesses that will be merged to form the sixth largest global plastics packaging firm.