Protective packaging materials manufacturer Pregis has agreed to acquire Free-Flow Packaging International (FP International) for an undisclosed sum. Pregis expects to take ownership in the coming weeks pending regulatory approval. FP ...
Eastman Kodak has announced Eric-Yves Mahe will assume the role of president of the Consumer and Film Division (CFD), effective immediately. Eric will also continue in his role as president of the Software and Solutions Division. Eric ...
Tags: Kodak, Film Division
Automotive drivetrain supplier Dana has inaugurated a new axle production facility in Toledo, Ohio, at the site that was initially home to Willys-Overland Motors, which had developed the original Jeep. The 300,000 sq. ft. facility was ...
Tags: Jeep Wrangler, Jeep
SunMoon Food Company, a global distributor of fruit and food products, has implemented Oracle's NetSuite OneWorld to support its global growth, and increase overall productivity and efficiency. In just five months, NetSuite OneWorld ...
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 ...
German spice producer Fuchs Group has acquired UK-based herbs and spices producer Bart Ingredients from private equity firm Langholm Capital for an undisclosed price. Through the acquisition, Fuchs plans to continue its global growth ...
Tags: Bart Ingredients, UK market
French automaker Groupe PSA has chosen Seattle for the launch of its new mobility platform Free2Move, a smartphone-based mobility aggregation platform to meet changing customer demands. With the app, Free2Move allows users in Seattle to ...
Tags: Groupe PSA, smartphone
American packaging company Crown has reported net sales of $2.16bn for the second quarter of 2017, compared to $2.14bn for the same period in 2016. Increase in sales has been attributed to increased global beverage can volumes and pass ...
Delphi Automotive is planning to spin off its Powertrain Systems segment into a new, independent publicly traded company, which will allow it to focus on technology for electrically powered and self-driving vehicles. The transaction is ...
Constantia Flexibles Group, one of the world’s leading manufacturers of flexible packaging products and labels, surpassed annual sales of two billion euros in 2016 , the first time in its history. The company also achieved record ...
Tags: Constantia Flexibles, packaging
The World Bank on Tuesday kept its forecast for China's economic growth rate for 2017 unchanged at 6.5 percent, saying that the economy will continue sustainable growth as it is rebalancing from manufacturing to services, despite reemerging ...
Tags: World Bank, Chinese Economy
Scientific testing company LGC has completed the acquisition of London-based food safety and quality standards programme provider BRC Global Standards from the British Retail Consortium for an undisclosed price. The acquisition results in ...
Tags: LGC, food safety
The cocoa & chocolate business of Cargill has set up its own licensed buying company (LBC) after securing a licence from the Ghanaian Cocoa Board (Cocobod). The new LBC has started operations and Cargill purchased its initial consignment ...
US-based food processing technology firm Provisur Technologies has acquired select assets of AMFE and BFD Corporation for undisclosed sum. The acquisitions are aimed at expanding its meat separation portfolio. AMFE, based in the ...
Tags: food processing, AMFE
Nissan luxury vehicle division Infiniti has unveiled what it claims to be the world's first production variable compression ratio engine, dubbed VC Turbo. The engine, which was exhibited at the 2016 Mondial de l'Automobile in Paris, ...