UK-based corrugated cardboard maker DS Smith has completed acquisition of a 80% stake in American packaging firm Interstate Resources from Merpas for $835m. DS Smith holds the option to buy out the remainder 20% stake in Interstate ...
US-based Hormel Foods has entered into South America with the acquisition of Brazilian meat company Cidade do Sol for about $104m. Cidade do Sol offers over 70 products in 15 categories that include meats like mortadella, sausage and ...
Tags: Cidade do Sol, sausage
China's direct investment in Pakistan from July last year to June this year stood at US$1.19 billion, up 11 percent year-on-year and accounting for 49 percent of the total foreign direct investment in Pakistan, according to the National ...
Tags: CPEC, Pakistan's Economy
Scientists from the Turkey-based Sabanci University have developed a new clay-based antimicrobial packaging film to enhance the shelf life of perishable foods. The new packaging film, which will be presented at the 254th National Meeting ...
Tags: Food Packaging Film, Packaging
Investment holding firm Long4Life has agreed to acquire South-Africa based contract packaging firm Inhle Beverages for around R360m ($27.2m). Based in Heidelberg of Gauteng, Inhle is specialized in the canning and bottling of carbonated ...
Paper and packaging firm Smurfit Kappa has acquired Russia-based corrugated packaging company, Soyuz, for an undisclosed sum. Based in Moscow, Soyuz manufactures corrugated packaging products for a range of sectors. It has around 300 ...
American auto-giant Ford and Chinese automaker Anhui Zotye Automobile have signed a memorandum of understanding (MOU) to form a 50: 50 joint venture to develop, produce and market all-electric vehicles (EVs). Electric vehicles produced ...
Tags: Automobile, electrified vehicles
Extrusion technology provider KraussMaffei Berstorff says that its newly designed extruder models for pelletizing are bagging orders worldwide in both PVC and PO segments. The company claims to be registering significant growth in orders ...
Tags: Kraussmaffei Berstorff, Extruder
UK-based bakery products manufacturer Finsbury Food Group is planning to close its Grain D'Or bakery business, putting around 250 jobs at risk. The company said that Grain D'Or has been historically loss making even after implementing ...
Tags: bakery products, bakery
Containerboard and corrugated packaging products company Atlantic Packaging Products has entered into a strategic partnership with York Container Company. Stephen Tansey, President and representative of YCC's shareholders, commented "York ...
Austria-based plastic packaging firm Greiner Packaging has acquired the remaining 49% stake in Turkish joint venture (JV). Greiner acquired 51% majority stake in Teknik Plastik and Teknik IML in 2015, which were merged to form Teknik ...
Tags: Packaging, Remaining Stake
ICE Service Group, through its packaging group ICE Packaging Company (ICE), has acquired Strategic Packaging Systems (SPS), which is based in the US state of Tennessee. Established in 2009, SPS designs, manufactures and distributes soft ...
Tags: ICE Service, Packaging
Sun Chemical has acquired US-based Joules Angstrom U.V. Printing Inks for an undisclosed sum. Based in Ohio, Joules Angstrom manufactures UV printing inks for converters in the commercial, packaging and specialty markets. The ...
Tags: Sun Chemical, UV Printing
American branded food giant Hormel Foods has purchased Italian meats company Fontanini Italian Meats and Sausages from Capitol Wholesale Meats for $425m. Based in Chicago, Fontanini is a branded foodservice business which was established ...
Tags: Hormel Foods, Meats
NXT Capital has provided a senior secured credit facility to support Oliver Printing & Packaging’s acquisition of Pohlig Packaging. Oliver Printing & Packaging is a portfolio company of Pfingsten. NXT Capital acted as the Sole ...
Tags: NXT Capital, Pohlig Packaging