Faurecia has agreed to sell its auto exterior business to Plastic Omnium for an enterprise value of €665m. The sale covers Faurecia's bumpers and front-end modules business, which had sales of €2bn in 2015. The business employs ...
Tags: Faurecia, Plastic Omnium
Nordstrom, Inc. (NYSE: JWN) plans to eliminate approximately 350 to 400 positions by the end of the second quarter to reduce costs by approximately $60 million in fiscal 2016. In an announcement Monday, the Seattle company said the cuts ...
Tags: Nordstrom
Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK says that during March it received record volume purchase orders worth just over $3m (to be delivered over the next 12 months) for its indium antimonide (InSb) and gallium ...
Tags: IQE
Sonoco has expanded its products suite with the launch of three solutions at the Spring Adhesives and Sealant Council (ASC) Expo, in New Orleans, North America. Sonoco will present the RiteSize Caulk Cartridge, RainGuard weather-resistant ...
Tags: Sonoco, ASC Expo, Products Suite Expansion
US-based private-equity firm Kohlberg Kravis Roberts (KKR) has agreed to provide €100m debt and equity financing to sustainable packaging provider Petainer UK. The funding will be used by Petainer to finance its capital structure and ...
Tags: KKR, Petainer, Investment
After 100 years of family ownership, Thomas J Fudge’s has secured investment from mid-market private equity business Livingbridge as it aims to establish itself as the UK’s premium biscuit brand. Founded in 1916 by Thomas J ...
Tags: Thomas J Fudge, Investment, Livingbridge, Biscuit
Almarai Company has evinced interest in acquiring a controlling stake in UAE-based National Food Products Company (NFPC). NFPC has initiated the competitive sale process for part of its share capital and has informed Almarai to progress ...
Tags: NFPC, National Food Products Company, Almarai, Acqusition
Siemens and Valeo have signed an agreement to establish a joint venture (JV) to develop powertrains for electric cars. The JV will have headquarters in Erlangen, Germany, and facilities in France, Norway, Poland, Hungary and China. ...
Tags: Siemens, Valeo, JV, Joint venture, Powertrains, Electric cars
China's retail sales of consumer goods increased 10.3 percent in the first quarter year on year, official data showed on Friday. The first-quarter reading was 0.4 percentage points lower than that recorded in the whole of last year, ...
Tags: consumer goods, economic growth
Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
Eyeking, a maker performance sunglasses, including the licenses for Under Armour Eyewear and Hobie Polarized, named Scott Betty as its new senior vice president of product and design. Betty brings more than 20 years of product and design ...
Tags: Eyeking, Sunglasses, Under Armour Eyewear, Hobie Polarized
ACCO Semiconductor Inc of Sunnyvale, CA, USA, a fabless provider of RF front-end components manufactured using standard high-volume bulk CMOS processes for smart-phone and Internet of Things (IoT) applications, has closed a $35m funding ...
Tags: CMOS PAs GaAs PAs
Deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany says that its G5+ C multi-wafer batch metal-organic chemical vapor deposition (MOCVD) platform has been qualified for the manufacturing of specific buffer layers as ...
At the SPIE Defense + Commercial Sensing (DCS 2016) event in Baltimore, MD, USA (17–21 April), Sofradir of Palaiseau near Paris, France, which makes cooled infrared (IR) detectors based on mercury cadmium telluride (MCT/HgCdTe), ...
US-based food wholesaler Innovative Bites has acquired UK-based sweet maker Bonds of London for an undisclosed amount. The acquisition is part of Innovative Bites' long-term growth strategy to become a major confectionery supplier in ...