Sonoco, one of the diversified global packaging companies, reported financial results for its third quarter, ending 2 October 2016. Third Quarter Highlights Third quarter 2016 GAAP earnings per diluted share were $0.64, compared with ...
Brazilian meat processor JBS has cancelled its plans to move some of its operations outside the country after a government agency BNDESPar vetoed a proposed reorganization. BNDESPar, Brazil's state development bank BNDES’ investment ...
Tags: meat processor, JBS
International Paper reported third quarter 2016 net earnings attributable to International Paper of $312 million ($0.75 per share) compared with net earnings of $40 million ($0.10 per share) in the second quarter of 2016 and net earnings of ...
Archer Daniels Midland Company (ADM) and Wilmar International have launched Olenex as full-function joint-venture to offer integrated capabilities in refined vegetable oils and fats. The companies have completed the transition of Olenex ...
Tags: ADM, Wilmar International, vegetable oils
WebCenter 16, Esko’s Packaging Management Solution, is an online portal for creating, managing and approving packaging artwork and other assets have been enhanced with a number of across-the-board improvements that bring significant ...
Tags: Esko Revamps Packaging, Packaging
New York based New Mill Capital Holdings and Tiger Capital Group, through their joint venture, have acquired a manufacturing plant in Indiana operated by General Mills. However, the financial details to purchase the dough-products ...
Print and marketing services provider Quad/Graphics has expanded the operations of its Dallas facility in the US. The company has announced a multi-million-dollar investment at the facility to expand its services to the next generation ...
Tags: Quad/Graphics, Print
Cargill has agreed to acquire Brazil-based SGS Microingredients for an undisclosed sum in a move to expand its business in the industrial oils segment. The acquisition of SGS Microingredients is said to be in line with Cargill’s ...
Tags: Cargill, Industrial Oils
Catalyst Paper reported significantly improved operating results for the quarter ended 30 September 2016 despite a non-cash impairment write-down of $186.4m on fixed assets at our Powell River, Port Alberni and Crofton paper mills resulting ...
Tags: Catalyst, non-cash impairment
Nestlé Health Science announced that it will make an equity investment of $145m in US-based Aimmune Therapeutics, which corresponds to a 15% stake after completion of the transaction. The parties also entered into a strategic ...
Tags: Food Allergies, Nestle
Connecticut based Harvest Hill Beverage Company has acquired the beverage business of Minneapolis based Faribault Foods for undisclosed sum. As part of the deal, Harvest Hill has acquired the beverage manufacturing assets of Faribault ...
Tags: Harvest Hill, Beverage
Detroit-based auto-parts maker American Axle & Manufacturing (AAM) has agreed to acquire Metaldyne Performance Group (MPG) in a transaction worth about $3.3bn. MPG provides lightweight components for use in powertrain and suspension ...
Tags: American Axle, Metaldyne
Kirin Holdings has agreed to divest one of its Brazilian production facilities to AmBev. Brasil Kirin Holdings has signed a stock purchase agreement to sell unit Cachoeiras de Macacu Bebidas. The company is selling a stake of 11,415,000 ...
Global packaging firm Sonoco has acquired privately held flexible packaging company Plastic Packaging (PPI) in a bid to expand its capabilities in Southeast US. However, the financial terms of the deal were undisclosed. PPI is engaged ...
Tags: Sonoco, Plastic Packaging
Supremex, a North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products, announced its results for the third quarter and nine-month period ended 30 ...