Swedish confectionery and nuts company Cloetta has agreed to divest Cloetta Italy to Katjes International. The sale equals an Enterprise Value (EV) of approximately SEK 450m. The proceeds will generate a positive net cash effect of ...
Tags: Cloetta
DuPont and other medical packaging and sterilization suppliers are participating at 2017 Medtec China in September. The rapid development of the medical industry brings with it increasingly demanding requirements with regards to aseptic ...
Tags: DuPont, Medical Packaging
India-based Jindal Poly Films (JPFL) has agreed to acquire Netherlands-based Apeldoorn Flexible Packaging Holding (AFP) for around €82.3m. AFP, which is incorporated in 2014, manufactures load security films, bread and cheese ...
Tags: Flexible Packaging, Packaging
A new report from Smithers Pira expects the worldwide rigid plastic packaging consumption to grow during 2017–2022 at an annual rate of 3.7% to 63.4 million tonnes. Economic and demographic trends are key determinants of packaging ...
Tags: plastic packaging, packaging
Telsa Motors CEO Elon Musk said that the production of the Model 3 electric car would start this week and the first deliveries are expected to be done by the end of this month. Musk tweeted the latest model from Tesla has received ...
Tags: Telsa Motors, electric cars
Heineken has offered to sell some of its pubs after the UK's Competition and Markets Authority (CMA) raised concerns about its acquisition of Punch Taverns. Earlier this month, the CMA stated that the Heineken’s acquisition of Punch ...
PureCircle has developed the first commercially viable stevia antioxidant product providing food and beverage companies new access to health and wellness ingredients for their consumers. While researchers have known that antioxidants are ...
Graphic Packaging International has agreed to acquire Carton Craft and its affiliate Lithocraft for an undisclosed sum. Under the deal, Graphic Packaging will purchase all the assets of both firms, helping to expand the operations of ...
Tags: Graphic Packaging, Packaging
Reckitt Benckiser’s $16.6bn acquisition of US-based infant formula manufacturer Mead Johnson Nutrition is all set to be closed after securing the final regulatory approval. Subject to the meeting of customary closing conditions, the ...
Tags: Reckitt Benckiser, infant formula
Brazil-based meat processing company JBS has agreed to sell its beef operations in three South American markets to companies controlled by Minerva for $300m. Under the deal, JBS’ beef businesses in Argentina, Uruguay and Paraguay ...
Tags: Beef Operations, Minerva
Conagra Brands (CAG) has signed an agreement to divest its Wesson oil brand to the J.M. Smucker (JMS). The transaction is subject to customary closing conditions, including the receipt of any applicable regulatory approvals. The ...
Tags: Conagra Brands
Diamond Packaging has been granted a Gold Recognition Level based on its participation in the EcoVadis Corporate Social Responsibility (CSR) assessment in April 2017. The result places Diamond in the top 4% of suppliers evaluated by ...
Tags: Diamond Packaging, Packaging
Rigid plastics manufacturer One Fifty One’s (One51) has agreed to to acquire US-based firm Macro Plastics for around $150m. Based in Fairfield of California, Macro Plastics is engaged in the manufacturing of rigid plastic bulk bins, ...
Tags: Rigid plastics, plastics
Multi Packaging Solutions (MPS) International has reported a net income of $10.8m, or $0.14 diluted earnings per share, for the third quarter ended 31 March 2017, compared to $3.8m, or $0.05 diluted earnings per share, for the same period ...
Tags: Multi Packaging, Packaging
Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...