Rayonier Advanced Materials has acquired Canadian paper company Tembec for $807m to expand its business into packaging and forest products. The acquisition resulted in the creation of a global company providing high purity cellulose, ...
US-based specialty packaging and dispensing products manufacturer Comar has acquired Shore Plastic Technologies to expand its design and engineering capabilities to better serve its customers. Design and engineering firm Shore Plastic ...
For fiscal first-quarter 2018 (to end-September 2017), optical and photonic optical component and subsystem maker Lumentum Holdings Inc of Milpitas, CA, USA has reported revenue of $243.2m, down 5.8% on $258.1m a year ago due to softer ...
Tags: optical component, subsystem
For third-quarter 2017, POET Technologies Inc of Toronto, Canada and San Jose, CA, USA —a designer and manufacturer of optoelectronic devices, including light sources, passive waveguides and photonic integrated circuits (PIC) for the ...
French automaker Groupe PSA has signed a joint venture (JV) agreement with three Algerian partners to build cars in the North African country. The Algerian partners include Condor Electronics, Palpa Pro and Entreprise Nationale de ...
Tags: Algerian Market, PSA, Cars
Delphi Automotive's board has approved a new powertrain spin-off into a publicly traded company, Delphi Technologies. The record date will be as of the close of trading (New York City time) on Nov. 22, 2017, and the distribution date will ...
Tags: Delphi Automotive
Singapore-based Jardine Cycle and Carriage (JC&C) has agreed to acquire 5.53% stake in Vietnam Dairy Products Joint Stock Company (Vinamilk) for $616.6m through its subsidiary Platinum Victory. The stake has been purchased via an auction ...
Tags: Jardine Cycle, Milk
For third-fiscal 2017, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $131.9m, up 15% on $115.1m last quarter and up 54% on $85.5m a year ago, marking the first full ...
Tags: LED market, LED Lighting
For fiscal first-quarter 2018 (to end-September 2017), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $155.6m (split about 48%:52% between ...
Tags: components, modules, optical communications
Arla Foods has decided to sell its 8% share in Brazilian dairy company Vigor with immediate effect following a change in ownership of the latter. Brazil’s leading dairy company Vigor S.A. (“Vigor”) has been sold by ...
Tags: Arla Foods, dairy
DS Smith collaborated with sustainable exhibition packager Aspect Exhibitions for the design, supply and build of the “One DS Smith” exhibition stand for Automechanika. Working with Aspect Exhibitions allowed DS Smith to share ...
American food company Hormel Foods has agreed to acquire deli meat and salami company Columbus Manufacturing from Arbor Investments for about $850m. The acquisition places Hormel as a complete deli solutions provider and also boost its ...
Tags: Hormel Foods, authentic products
Boston Beer is extending distribution of a hazy, New England-style IPA under its Samuel Adams label. The 6.8 percent alcohol-by-volume beer has been brewed since late last year, offered only at Samuel Adams’ Boston brewery. But ...
Tags: Boston Beer, Hazy Beer
Non-refillable and aluminium closures manufacturer Guala Closures Group has inaugurated its fifth research center in Luxembourg. Based in Foetz’s Technoport, GCL Technologies aims at the selection, development, assessment, of the ...
Tags: aluminium closures, NFC
Packaging Corporation of America has reported third quarter 2017 net income of $139m or $1.47 per share and $1.68 per share excluding special items. Third quarter net sales were $1.6 billion in 2017 and $1.5 billion in 2016. Special ...
Tags: Packaging, Special items