The Hershey Company has agreed to acquire Amplify Snack Brands for about $1.6bn to boost its position in the snacking aisle and expand its portfolio of savory snacking brands. The transaction amount also includes around $600m of net debt ...
Tags: Hershey, Amplify Snack
Valmet, a developer and supplier of technologies, automation and services for the pulp, paper and energy industries, has secured a contract to supply IQ moisturizer systems to Thailand-based SCG Packaging. Under the deal, Valmet will ...
Consumer packaging firm Crown has agreed to acquire Signode Industrial Group Holdings (Bermuda) from Carlyle Group for $3.91bn. The transaction is expected to add strong franchise business to Crown's existing metal packaging business. ...
Tags: Industrial Packaging, packaging
Ford Motor has decided to relocate its autonomous and electric vehicle business to Detroit, US. The company is moving its autonomous and electric vehicle business and strategy teams to the recently renovated industrial complex called The ...
Tags: Ford, Electric Vehicle
US-based differentiated paper and packaging solutions provider WestRock has signed agreements to acquire all of the assets of Plymouth Packaging, a corrugated packaging company, for an undisclosed amount. Under the terms of the deal, ...
Tags: Westrock, Plymouth Packaging
Molson Coors UK and Ireland has entered into a partnership deal with China Resources Snow Beer (CRSB), which gives the brand exclusive rights to distribute Snow beer to the UK market. As per the agreement, Molson Coors UK will have the ...
Tags: Molson Coors, Beer
Bell and Howell has been selected as preferred partner by Packsize International, a manufacturer of custom packaging solutions, to expand preferred service and support for its On Demand Packaging machines. As a preferred partner, Bell and ...
Tags: packaging, Packaging machine
Graphic Packaging International (GPI) is set to invest $136m to modernize its Macon mill in Macon-Bibb County, Georgia. The statement was made by Georgia Department of Economic Development (GDEcD) and the Macon-Bibb County Industrial ...
Tags: Graphic Packaging, Packaging
Packaging firm Cascades has acquired four containerboard packaging plants in Ontario, Canada from Coyle family. The firm has also acquired 33% ownership stake in Tencorr, a manufacturer of sheet stock for box producers, as well as ...
Tags: Packaging, containerboard
Evonik has agreed to acquire 3M’s high-concentrates additive compounding business for an undisclosed sum. Evonik will include the acquired operations in its interface and performance business line, which produces and markets ...
LyondellBasell has agreed to purchase a 50% stake in Netherlands-based plastics recycling firm Quality Circular Polymers (QCP). The remaining 50% stake in the plastics recycling firm will be owned by French water and waste management firm ...
Tags: plastic products, food packaging
Ride-hailing company Lyft has secured approval to start trial of its self-driving vehicles in the US state of California. The approval allows Lyft to join the likes of companies such as Google’s Waymo, Uber, Apple, Ford and ...
Tags: Self-Driving Cars, Apple
Rayonier Advanced Materials has acquired Canadian paper company Tembec for $807m to expand its business into packaging and forest products. The acquisition resulted in the creation of a global company providing high purity cellulose, ...
Held annually at Sands Expo in Las Vegas, the U.S., AAPEX (Automotive Aftermarket Products Expo) has ended another successful year and unveiled future trends of the continuously growing auto aftermarket and car servicing industries through ...
Tags: AAPEX 2017, Automotive Aftermarket
Zhejiang Geely, the Chinese automaker that owns Volvo, has agreed to acquire Terrafugia, a US-based startup company working on the development of a flying car. Terrafugia was founded in 2006 by five Massachusetts Institute of Technology ...