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Cree Prices Offering of $500m Convertible Senior Notes

Aug 23, 2018

Cree Inc of Durham, NC, USA (which makes lighting-class LEDs, LED lighting and power semiconductors) has announced the pricing of $500m of its 0.875% convertible senior notes due 2023 in a private offering to qualified institutional buyers. ...

Tags: LED lighting, LEDs

NeoPhotonics Awards Inducement Grants to New Senior VP of Global Sales

Apr 8, 2018

NeoPhotonics Corp of San Jose, CA, USA (a vertically integrated designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for high-speed communications networks) says that the compensation committee of ...

Tags: NeoPhotonics

Duravant Buys Automation Systems Manufacturer Key Technology

Mar 22, 2018

US-based engineered equipment and automation solutions provider Duravant has acquired automation systems manufacturer, Key Technology, for about $175m. Based in Walla Walla of Washington, Key Technology is engaged in the design and ...

Tags: bucket elevator, rotary table

Smurfit Kappa Rejects $10bn Takeover Offer From International Paper

Mar 8, 2018

Irish packaging firm Smurfit Kappa has rejected €8.6bn ($10.6bn) takeover offer from the US-based International Paper. Smurfit Kappa said the unsolicited proposal from International Paper failed to reflect the company's strong growth ...

Tags: Smurfit Kappa, packaging

Crown's Net Sales Increase in 2017 Fourth Quarter

Feb 9, 2018

Crown Holdings has released its financial results for the fourth quarter and year ended 31 December 2017. Net sales in the fourth quarter increased to $2,168 million compared to $1,923 million in the fourth quarter of 2016, reflecting ...

Tags: Crown Holdings

Rayonier Advanced Materials Acquires Canada's Tembec for $807m

Nov 22, 2017

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, ...

Tags: paper, packaging

Crown's Net Sales Increases in Third Quarter of 2017

Oct 26, 2017

Crown Holdings has announced its financial results for the third quarter ended 30 September 2017. Third Quarter Highlights Earnings per share $1.32Adjusted earnings per share $1.41$62 million of Q3 share repurchases; $339 million ...

Tags: Crown, Beverage

Skyworks’ Quarterly Revenue Grows by a More-Than-Expected 20% Year-on-Year to $900.8m

Jul 26, 2017

For fiscal third-quarter 2017 (to end-June), Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) has reported revenue of $900.8m, up 5.8% on $851.7m last quarter and up 20% on $751.7m a year ...

Tags: Skyworks, semiconductors

Tyson Foods Completes $4.2bn Acquisition of Advancepierre

Jun 12, 2017

Tyson Foods has completed the acquisition of AdvancePierre Foods, a provider of ready-to-eat sandwiches, snacks and other food products, for about $4.2bn. The acquisition to expands its Tyson Foods’ portfolio of prepared foods and ...

Tags: Tyson Foods, sandwiches, snacks

WestRock to Buy Five Us Corrugated Converting Facilities for $192m

May 26, 2017

WestRock has agreed to acquire five corrugated converting facilities from U.S. Corrugated for about $192m. The deal includes facilities located in Ohio, Pennsylvania, and Louisiana. The facilities are used to offer a suite of products ...

Tags: WestRock, corrugated converting

Sealed Air's Net Sales Increases in Q1 2017

May 15, 2017

Sealed Air has announced financial results for first quarter 2017, as well as outlook for the complete year. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, “2017 is a transformational ...

Tags: Sealed Air, Packaging

RiceBran Technologies Terminates Alothon's Roll-up Rights From Nutra

Apr 12, 2017

RiceBran Technologies has signed an agreement with Alothon Group, its minority co-investor in Nutra, that terminated Alothon's roll-up rights, a process that would have let Alothon to exchange its equity position in Nutra for an equivalent ...

Tags: RiceBran, Roll-up Rights

Bonduelle to Acquire Ready Pac Foods

Mar 1, 2017

Bonduelle has agreed to acquire Ready Pac Foods, the US producer of convenience fresh meal solutions, salads and fresh cut produce. The transaction is expected to close by the end of March 2017 following routine regulatory reviews and ...

Tags: Bonduelle, Ready Pac Foods

Where Food Comes From Acquires Controlling Stake in SureHarvest

Jan 5, 2017

Where Food Comes From (WFCF) has acquired a 60% stake in California based SureHarvest for nearly $2.8m in a cash-cum-stock deal. Based in Colorado, WFCF is a North American food verification company whose controlling stake in an agri-food ...

Tags: SureHarvest, cash-cum-stock

Sonoco Reports Third Quarter 2016 Results

Nov 18, 2016

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 ...

Tags: Sonoco, packaging

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