Advent International backed Sovos Brands has agreed to acquire Rao's Specialty Foods, the owner of Rao's Homemade pasta sauce made from natural ingredients. The transaction is expected to be completed during the third quarter of this ...
Tags: Sovos Brands, Specialty Foods
Industrial packaging services provider Greif has reported a net income of $36m, or $0.61 per diluted share, for the second quarter of 2017, compared to $31.4m, or $0.53 per diluted share, for the same period in 2016. The company’s ...
Tags: Packaging, flexible products
CM Equity Partners's portfolio firm Graco Supply Company has divested the assets of the Ball Ground aircraft sealant repackaging business to Royal Adhesives & Sealants. Financial details of acquisition have not been disclosed by both the ...
Tags: Graco, Sealant Repackaging
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
Dana has broke ground on a new 7,500m2 production and assembly facility in Chongqing, China, that will manufacture advanced driveline products for the Chinese market. Scheduled to open in late 2018, the facility will produce final drive ...
Tags: Dana, driveline products
Central National Gottesman’s (CNG) Lindenmeyr Munroe paper distribution division has agreed to acquire Independent Paper Group (IPG), which is based in St. Paul, Minnesota, US. Financial details of the transaction, which is expected ...
The Nintendo Switch has proven incredibly popular since its launch back in March, becoming the fastest-selling console in Nintendo history. On top of that, launch title, The Legend of Zelda: Breath of the Wild, became the fastest-selling ...
Tags: Nintendo Switch, Nintendo
Frigoglass SAIC has announced unaudited results for the first quarter ended 31 March 2017 First Quarter 2017 Highlights Sustained growth momentum in Europe driven by increased sales to Coca-Cola bottlers and breweries Double digit ...
Tags: Frigoglass, bottler
Discount retailer Lidl UK has selected IFCO's nesting trays for meat, poultry, and packaged seafood shipments. Under the five-year deal, IFCO will supply the trays 16 million trays in the first year. The company will increase the number ...
Loews has completed the acquisition of US rigid plastic packaging manufacturer Consolidated Container Company (CCC) from Bain Capital Private Equity for about $1.2bn. Based in Atlanta of Georgia, CCC provides packaging solutions to the ...
Tags: Loews, plastic packaging
Poyry has secured a detail engineering services contract to upgrade Smurfit Kappa's paper machine 1 in the Netherlands. The scope of the contract includes mechanical engineering, process engineering, electrical, instrumentation and ...
Tags: Paper Machine, Poyry
Cosmo Films Limited, a leading global player in speciality films for packaging, labeling and lamination applications, has announced its results for the fourth quarter and the annual financial results for the year ending on 31st March 2017. ...
Tags: Cosmo Films, packaging
Philip succeeds Basil L. Anderson, who has retired from his position on the Hasbro Board of Directors. Hasbro's board of directors has experienced a reshuffle as Edward M. Philip appointed as lead independent director. He succeeds Basil ...
NCC Automated Systems, an integrator and manufacturer in the food packaging, and ophthalmic automation industries, announced that the company has formed an ESOP (Employee Stock Ownership Plan). In the transaction, ownership sold a ...
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 ...