For full-year fiscal 2015 (ended 28 June), Cree Inc of Durham, NC, USA has reported revenue of $1.63bn, down just 1% on fiscal 2014's record $1.65bn. Specifically, revenue for Lighting Products (mainly LED lighting systems and bulbs) grew ...
Tags: LED Product, LED chips
US-based craft brewery SweetWater Brewing is preparing for an initial public offering (IPO). Reuters cited people familiar with the matter as saying that SweetWater is negotiating for stock market flotation with investment banks, which is ...
Tags: beverage, beer, brewery SweetWater
Luxembourg-based glass and metal products firm Ardagh Group has floated a new wholly-owned subsidiary Oressa to transfer its metal can packaging business, and raise around €2bn through an initial public offering (IPO). The company ...
Cree Inc of Durham, NC, USA, which makes silicon carbide (SiC) and gallium nitride (GaN) wafers and devices as well as LEDs, has submitted a draft registration statement on a confidential basis to the US Securities and Exchange Commission ...
Tags: silicon carbide, gallium nitride, LEDs
Packaging company Ardagh is almost said to have completed its €3bn acquisition of the glass packaging unit of Saint Gobain. Saint Gobain has been considering the sale of Verallia to focus on higher-margin home and construction ...
Tags: Glass Packaging, Packaging
Retail e-commerce is maintaining its impressive growth irrespective of market size, according to the 2015 global retail e-commerce index published by AT Kearney, a leading global management consulting firm. The index highlights ...
Chinese investors are allowed to subscribe for new shares from 30 companies this week, according to the country's initial public offering (IPO) schedule. Among those companies, 11 will be listed in the Shanghai Stock Exchange, 2 in the ...
Tags: Chinese investors, Subscriptions, Service
Berkshire Hathaway has signed a deal to acquire 8.7% stake in Axalta Coating Systems from Carlyle Group for $560m. Under the stock purchase agreement, Berkshire Hathaway will purchase 20 million Axalta's common shares at $28 each. The ...
International private equity firms show interest in Australian vegetable companies The under-cover vegetable growing industry has remained sheltered from the erratic weather conditions of the past five years, according to market research ...
Tags: Vegetables, reliable supplies, Agriculture
Posted in Medical Device Business by Chris Newmarker on April 3, 2015 Robert Cascella was previously CEO of Hologic. He joins Philips as the Dutch multinational increasingly focuses on what it calls HealthTech. Robert Cascella, who ...
Tags: Philips, LED components, Medicine
Kornit Digital Ltd., a marketer of digital printing solutions has priced its initial public offering of 7,100,000 ordinary shares at a price of $10.00 per share. Kornit has granted the underwriters a 30-day option to purchase up to an ...
Tags: Kornit Digital, printing systems, Textile
Royal Philips NV of Amsterdam, The Netherlands (the world's largest lighting producer) has agreed to sell an 80.1% stake in its combined LED components and Automotive lighting business to GO Scale Capital, a new growth-stage investment fund ...
Tags: Lumileds, Royal Philips, Electronics
Axalta Coating Systems Ltd. has commenced a secondary offering of 35,000,000 common shares. The shares will be offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The offering is being made pursuant ...
Dutch multinational announces sale of its LED components and automotive lighting business as it turns toward new HealthTech focus. Chris Newmarker Royal Philips has set the wheels in motion when it comes to a split-up of the company ...
Sportsman's Warehouse Holdings Inc. reported same store sales decreased by 5.3 percent in the fourth quarter, compared with a 6.2 percent decline in the prior quarter and an 8.4 percent decline for the full year. The Utah-based retailer ...
Tags: Sportsman, Sporting Goods