Ardagh Group has secured US regulatory approval and completed the previously announced acquisition of Anchor Glass Container in the US for $880m (€721m) from private investment funds managed by Wayzata Investment Partners. The deal ...
Tags: Anchor Glass, Anchor Glass Container, glass containers
Finnish materials company Ahlstrom has signed an agreement with Munksjö’s principal owner EQT to combine its Label and Processing business area with Munksjö to form a single company Munksjö Corporation through two ...
Tags: Business Unit, Label and Processing business, Coated Specialties plant
HOUSTON - Bedding retailer Mattress Firm said sales jumped more than 50% in the quarter ended Oct. 30 due largely to acquisitions and store openings. Same-store sales, however, also rose 6.6% in the quarter as the company continued to ...
Tags: Bedding, Mattress Firm, Mattress
Global thermal coal market undergoes pangs of oversupply and poor demand. 2012 has been game changer with US emerging as potent supplier domestic energy demand being met by shale gas making coal mining redundant. However the vacillating ...
Tags: coal market, coal price, coal export, coal
According to The Australian, Mr Andrew Forrest chairman of Fortescue Metals Group Ltd chairman has begun charting a path to recovery for the company after it put a series of projects on hold three months ago due to sharply declining ...
Tags: FMG, Fortescue Metals Group, iron ore price, iron ore
GE Capital, Corporate Finance has provided a $143m cash flow credit facility for Taghleef Industries, a UAE-based producer of plastic and packaging films. The financing was used by the company to acquire Applied Extrusion Technologies ...
Paris based insurer Societe Generale has named Jean-Luc Parer as the head of its international retail banking division, which also makes him the member of the executive committee of the group. Jean-Luc Parer succeeds Jean-Louis ...
Tags: Societe Generale, Jean-Luc Parer, SocGen, special advisor
RT reported that Russia's steel giant Severstal is closing down its Italian steel producer Lucchini in December. Falling demand is cutting the steel maker's profits making it leave the area along with other Russian companies. Lucchini SpA ...
Tags: steel giant, Severstal, Lucchini
Chinese automotive components manufacturer Wanxiang is planning to invest $450m in A123 Systems under a non-binding memorandum of understanding (MOU). The investement is expected to create the capital structure necessary for the company ...
Tags: Wanxiang, A123 Systems, MOU
The Sherwin-Williams Company announced it has signed a definitive agreement to acquire Consorcio Comex, S.A. de C.V., a leader in the paint and coatings market in Mexico with headquarters in Mexico City. Sherwin-Williams will pay ...
Tags: Sherwin-Williams, Comex
The North American meat-focused division of Sara Lee will attract acquisition bids when the company spins off its Europe-based coffee-and-tea division in the future. The new company, which is to be named Hillshire Brands, is expected to ...
Tags: meat-focused division, acquisition bids, coffee-and-tea division
American Suzuki Motor (ASMC) is planning to stop new automobile sales in the US in order to concentrate on sales of motorcycles, ATVs and marine outboard engines. The company filed for bankruptcy under chapter 11 of US law and took the ...
Tags: American Suzuki Motor, motorcycles, ATVs, marine outboard engines
OCCG has operations in northern Mexico and the southern United States. OCCG employs 2,800 people (2,000 of whom are employed in Mexico), and is expected to generate $53m of earnings before interest, taxes, depreciation, and amortization ...
Tags: OCCG, acquire, packaging, recycled containerboard mill
An online advertising firm accused of spying on the browser histories of consumers has reached a settlement with the U.S.Federal Trade Commission barring it from further browser history sniffing,the agency announced. Epic Marketplace ...
Tags: FTC, bars advertising firm, browser histories, Epic Marketplace, Web users
NCR Corporation announced a definitive agreement for NCR to acquire Retalix Ltd., a leading global provider of innovative retail software and services, for a cash purchase price of $30.00 per Retalix share, implying a transaction value of ...
Tags: NCR, acquisition, Retalix Ltd., retail software