IGM Resins has received €25m in unitranche loan from H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital. The funds were used to refinance an equity capital bridge facility invested to fund a strategic ...
Tags: IGM Resins, food packaging, wood coatings
For third-quarter 2015, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $140.7m, up 51% on $93.3m a year ago although up only 7% on $131.4m last quarter (which was the ...
Tags: LED market, LCD TVs
GE announced Current, powered by GE, a first-of-its kind energy company that integrates GE’s LED, Solar, Energy Storage and Electric Vehicle businesses with its industrial strength Predix platform to identify and deliver the most cost ...
Tags: LED, GE, New Energy Businesses, Startup
GE announced recently the creation of Current, a startup that combines energy hardware with a digital backbone to make power simpler and more efficient for customers. The company, which is backed by GE’s balance sheet, brings ...
Tags: GE, Business Strategy, spin-off, Current
International Paper (IP) will exit from Chinese coated board joint venture (JV) by selling its 55% stake to JV partner Shandong Sun Holding for $23m. The IP-Sun JV operates one manufacturing facility with four paper machines in Shandong ...
China-based Bright Foods’ listed subsidiary is acquiring 50% stake in New Zealand-based meat cooperative Silver Fern Farms for NZ$311m ($197m) as it seeks to import more of agricultural products from New Zealand. Silver Fern ...
Tags: Bright Foods, sheep and beef, dairy
Foot Locker Inc. reported net income for the company's second quarter ended August 1, 2015 was $119 million, or 84 cents per share, compared with net income of $92 million, or 63 cents per share, last year, a 33 percent increase on a ...
Tags: Foot Locker, athletic industry
GT Nexus and trade finance solutions provider SeaburyTFX announced today a new funding program that leverages big data on the GT Nexus platform to deliver suppliers access to low cost capital. The program opens the flow of capital into ...
Tags: GT Nexus Tool, SeaburyTFX
Smithfield Foods, a subsidiary of WH Group, has divested its 37% stake in Campofrio Food Group to Mexican firm Alfa for $354m. Based in Spain, Campofrio offers processed and canned meat, derivatives from pork and beef by-products, and ...
For its fiscal third-quarter 2015 (ended 28 March), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $83m, down 13% on $95.4m a year ago and down 4% on ...
Tags: Oclaro, CFP2 Module
Crocs Inc reported sales slumped 16.1 percent in the first quarter, to $262.2 million, in line with expectations. On a currency-neutral basis, revenue decreased 8 percent. The company showed a loss of $6.0 million, or 8 cents a share, ...
Tags: Crocs, Sporting Wear
Gaiam Inc. reported net revenue in the first quarter ended March 31 was flat with a year earlier at $37.6 million as it pruned catalog sales ahead of a massive launch of its yoga line at 1,100 Kohl's department stores that kicked off April ...
Tags: Gaiam, Gaiam-branded products, fitness
For the first quarter ended March 31, 2015, operating income soared 24 per cent year on year at apparel marketer and NASDAQ listed, Columbia Sportswear Company. According to a Columbia Sportswear press release, first quarter of 2015 ...
Revenues for franchise brands, boys and pre-school categories all increased. Hasbro has reported that net revenues for the first quarter 2015 increased five per cent to $713.5 million versus $679.5 million in 2014. Excluding a ...
Driven by redemption of $0.5 billion of preferred securities in December 2014, net income at NYSE listed Kimberly-Clark (K-C) was knocked down by 35.71 per cent year on year in the first quarter ended March 31, 2015. According to a K-C ...
Tags: Kimberley Clark, Q1 Net Income