Mister Beer Bottle Brew ( MB Bottle Brew), owned by Canadian establishment Armada Data Corporation, has halted operations at its production facility. Armada is seeking options to divest the Bottle Brew business line. Armada president ...
Diaz Foods, a marketer of specialty foods based in Atlanta has acquired La Cena Fine Foods of Saddle Brook, NJ. The DAK Group served as exclusive investment banker to La Cena, initiating the transaction and managing the divestiture ...
Tags: Diaz Foods, specialty foods
Emcore Corp, which makes compound semiconductor-based components and subsystems for the fiber-optics market, has named Jeffrey Rittichier as CEO. He succeeds Dr Hong Hou, who has served as president & CEO since March 2008. Rittichier has ...
Tags: fiber-optics, market, Electrical
Visteon Corporation has completed the sale of its interiors operations in India to Reydel Automotive Holdings B.V. The transaction is part of the previously announced divestiture of the majority of Visteon's interiors business to Reydel. ...
Flexible packaging supplier Bemis Company has announced the sale of its global pressure sensitive materials business, MACtac to Platinum Equity for $170m. Bemis, that specialises in producing pressure sensitive materials for food, ...
Tags: pressure sensitive materials, MACtac business, Agriculture
Sales of BASF Group grew by 3% compared with the previous third quarter, reaching €18.3 billion. A sharp rise in volumes in the Natural Gas Trading business sector was mainly responsible for this growth. Income from operations (EBIT) ...
Tags: BASF, Construction Coating
PPG Industries reported third quarter 2014 net sales from continuing operations of $3.94 billion, up $161 million, or 4 percent, versus the prior year. Third quarter 2014 reported net income from continuing operations was $377 million, or ...
Tags: PPG, Construction Coating
Campbell Soup Company today reported its fourth-quarter and full-year results for fiscal 2014. The company reported earnings from continuing operations for the quarter ended Aug. 3, 2014, of $137 million, or $0.43 per share, compared with ...
Tags: Agriculture, Food
US-based meat producer Tyson Foods has received approval from the antitrust division of the US Department of Justice (DOJ) for its previously announced $8.5bn purchase of Hillshire Brands. DOJ said that Tyson Foods has agreed to sell its ...
Tags: Tyson Foods, DOJ, Food
St. Jude Medical and Volcano Corp. have apparently decided to stand down when it comes to lawsuits related to technologies including tunable lasers used in optical coherence tomography (OCT) imaging systems. The two companies have agreed ...
BASF's business developed positively in the second quarter of 2014. At €18.5 billion, sales rose by 1% compared with the same period of the previous year. "This was largely the result of higher sales volumes in our chemicals business, ...
Tags: BASF, Increase, Decoration
Black Diamond, Inc., a leading global supplier of innovative active outdoor performance equipment and apparel, has completed the asset sale of its Gregory Mountain Products, LLC ("Gregory") brand for $84.1 million to Samsonite LLC. The ...
Tags: Black Diamond, Apparel, Accessories
Leggett & Platt expects to record a $108 million pre-tax, non-cash goodwill impairment charge for the second quarter. This charge reflects the complete write off of the goodwill associated with the Store Fixtures group, which is part of the ...
Tags: Leggett&Platt, Apparel, Accessories
South African paper and packaging firm Mondi has completed the previously announced acquisition of bags and kraft paper business from Graphic Packaging's subsidiary Graphic Packaging International for around $105m. As part of the deal, ...
Tags: Mondi, Graphic Packaging, Packaging
BASF has successfully closed the previously announced transaction to divest its PolyAd Services business unit to Edgewater Capital Partners, L.P., a private equity firm based in Cleveland, Ohio. Edgewater Capital Partners intends to further ...
Tags: Polyad Services, BASF