British packaging distributor Kite Packaging has completed the acquisition of Golden Valley Pallet Wrap Specialists for an undisclosed amount. The acquisition covers goodwill and certain assets of Golden Valley. However, the deal does not ...
Tags: Kite Packaging, Golden Valley
Net sales at specialty retailer of casual apparel for young women and men Aeropostale dived 17 per cent year over year for the second fiscal quarter ended August 2, 2015. For the second quarter of fiscal 2016, net sales at the retailer ...
Tags: casual apparel, apparel
Communications and information technology company Nokia has signed a deal to sell its HERE digital mapping and location services unit to a consortium comprising Audi, BMW Group and Daimler in a deal worth €2.8bn. The transaction, ...
Tags: HERE Digital Map, Nokia
Xidelang Holdings (XDL), China-based manufacturer of sports and leisure wear, has signed an agreement to acquire the entire existing business and undertakings of Jinjiang Yangsen Garments Company, including all of its assets and certain ...
Tags: sports wear, leisure wear
Magna International has inked a pact to purchase automotive transmissions supplier Getrag Group of Companies (Getrag) in a deal valued at 1.75bn Eur. Likely to close by this year-end, the transaction for the 100% equity incorporates ...
Tags: automobile manufacture, company acquision, Getrag Group
US-based diversified product firm Curtiss-Wright has disposed of assets and liabilities of its Engineered Packaging, erstwhile Hybricon, to custom engineering systems provider Atrenne Integrated Solutions, a wing of RFE Investment Partners. ...
Tags: Electrical products, Curtiss-Wright, household goods packaging
Shanton Fashions, which operates a chain of women's clothing stores in New Zealand, has gone into liquidation that could threaten dozens of jobs, the media has reported. Although 18 stores are still trading, an initial report by ...
Canadian emerging producer of high-grade titanium dioxide (TiO2), Argex Titanium said it has achieved significant milestones during 2014 and also the first few months of 2015. According to an Argex press release, during 2014, it ...
Tags: Argex, titanium dioxide, TiO2
In 2014, specialty chemicals group Lanxess said it substantially improved its operating result and net income in a challenging market and competitive environment. Although sales declined slightly by 3.5 per cent to around €8 ...
Tags: Lanxess, specialty chemicals
China's high speed rail manufacturers China North Railway (CNR) and China South Railway (CSR) announced that their merger had passed overseas antitrust scrutiny. According to local laws, antitrust regulators -- in this case in Australia, ...
Tags: Transportation, CNR, high speed rail
Tirupur Exporters’ Association has welcomed today’s decision of the Reserve Bank of India (RBI) to reduce the Policy Repo Rate by 25 basis points (bps) from 7.75 per cent to 7.50 per cent, and urged banks to pass on the benefit ...
Tags: Repo Rate
Under the agreement that signed in the Swiss ski resort of Davos, China gives Switzerland an 8-billion-US-dollar investment quota under its Qualified Foreign Institutional Investor program, and the two sides plan to open a Chinese bank in ...
Tags: Financial System, banks
The Reserve Bank of India (RBI), the country’s central bank, has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect. Consequently, ...
Tags: liquidity adjustment facility, banking system, Textile
BASF and Gazprom have agreed that they will not complete an asset swap, which was planned for the end of the year. “We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom ...
Tags: targeted oil, gas-rich regions, Construction
Armstrong World Industries has decided to exit its European flooring business and cease further funding of its DLW subsidiary effective immediately. As a result of this decision, local DLW management filed for insolvency in Germany. ...