UK-based Dairy Crest has agreed to divest its Dairies operations to Müller UK & Ireland for £80m, citing slump in profits during the six months ended September. The transaction includes production plants at Foston, Chadwell ...
One Equity Partners (OEP) will go ahead with the sale of Austrian flexible packaging company Constantia Flexibles after it failed to list the company on the stock exchange. JP Morgan owns 50% of OEP and has received expressions of ...
Tags: One Equity Partners, packaging company Constantia, Agriculture
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
Lassonde Industries posted sales of $315m in the third quarter of 2014, a 22.3% increase year over year. Profit attributable to the Company's shareholders for this period totalled $10.6m, down $0.6m from the third quarter of 2013. "Our ...
Tags: Financial results, Apple&Eve, Agriculture
Fiat is planning to fund $61bn over the next five years to turn Maserati and Alfa Romeo into global brands and spin off its luxury sports car maker Ferrari and list the shares. The company is considering to issue $2.5bn convertible bonds ...
Tags: treasury shares, Italian heritage, Auto
Visteon Corporation has completed the first and largest phase of the sale of its remaining automotive interiors business to Reydel Automotive Holdings B.V., an affiliate of Cerberus Capital Management, L.P. Headquartered in Michigan and ...
Central Glass, a parent company of Carlex Glass, announced that it has finalized pending acquisitions to expand Carlex’s business operations. Central Glass has officially acquired all of the outstanding shares of two subsidiaries of ...
Tags: Carlex Glass, OEM automakers, Auto
Wellspring Capital Management today announced that it has acquired Qualitor, a leading global supplier of branded aftermarket safety and wear products for the automotive aftermarket, from an affiliate of HCI Equity Partners. Financial terms ...
Tags: Wellspring Capital Management, asset-lite business model, Auto
Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...
Tags: Chinese Steelmakers, Iron, Steel
The National Titanium Dioxide Company, Ltd. has entered into an agreement to acquire the titanium dioxide assets of Jiangxi Tikon Titanium Company, Ltd. The Jiangxi Tikon manufacturing facility is located in the city of Fuzhou in Jiangxi ...
China's economic growth will moderate further in the next two years as domestic demand is weakened by the property downturn, UBS has forecast. "We forecast China's GDP growth to slow to 6.8 percent in 2015 and 6.5 percent in 2016. This ...
Tags: economic growth, domestic demand
Zumiez October Comes up 3.1%. Total sales at the 602-door chain rose 12% to $51.7 million from $46.3 million for the four weeks ended Nov.1. Higher dollars per transaction, helped by an increase in units and AURs,contributed positively to ...
Tags: Zumiez, Sporting Goods
The Crewe-based business is to be managed by investment firm Sullivan Street Partners, and employs over 100 staff, producing printed cartons, leaflets and labels. The transaction was an undisclosed fee. Medica has a strong heritage of ...
Tags: Medica Packaging, cartons
Concentrator photovoltaic (CPV) solar system maker Soitec of Bernin (Grenoble), France says that subsidiary Soitec Solar Development LLC has entered into a sales agreement with one of the largest providers of solar energy services in North ...
Tags: solar system, CPV
The Chefs' Warehouse, (CHEF), a premier distributor of specialty food products in North America, today announced that it has acquired substantially all of the assets of Euro Gourmet Inc., based in Beltsville, Maryland. Founded in 1999, ...
Tags: Euro Gourmet, food products