Private equity firms Blackstone and BC Partners are planning to submit a revised offer for frozen food company Iglo, after Permira rejected their earlier EUR2.5bn bid as too low. Blackstone and BC Partners, which are the last remaining ...
Tags: Blackstone, frozen food company, the biggest private equity transactions
Private equity firms Blackstone and BC Partners are set to submit a joint bid for frozen food company Iglo, in a deal which is expected to value the company at $3bn, including debt. The two firms, which were earlier competing with each ...
Tags: frozen food company, Blackstone, pea, poultry and potato waffle products
Canadian dairy firm Saputo has signed a deal to acquire the Morningstar business of Dean Foods. The US$1.45bn deal will be financed through a newly-committed bank loan, Saputo said today (3 December). The acquisition will help expand the ...
Tags: dairy, Morningstar, Dean Foods, acquire
UK-based Premier Foods has sold Elephant Atta ethnic flour business to Westmill Foods,a subsidiary of Associated British Foods(ABF),in an all-cash deal of £34m,as a part of its plan to lower debts and avoid a breach of its credit ...
Tags: flour, debts, credit agreement
Fifth & Pacific Companies Inc. announced earnings for the third quarter of 2012. For the third quarter of 2012 on a GAAP basis, loss from continuing operations was ($19) million, or ($0.17) per share, compared to income from continuing ...
Tags: Fifth&Pacific, earnings, third quarter, GAAP basis
Clariant, a world leader in specialty chemicals, announced sales of CHF 1.923 billion in the third quarter 2012, up 3% compared to CHF 1.865 billion in the previous-year period. In local currencies, sales were 3% lower. In the third ...
Tags: Specialty chemicals firm, chemicals firm, sales, chemical industry
LyondellBasell Industries announced earnings for the third quarter 2012 of $851 million, or $1.47 per share. Third-quarter 2012 EBITDA was $1,565 million, inclusive of a $71 million reversal of non-cash, lower of cost or market inventory ...
Tags: olefins business, polyolefins business, chemical industry
Royal DSM,a life sciences and materials sciences firm based in the Netherlands,has entered into an agreement to acquire Fortitech,a US-based provider of food ingredient blends,for$634m in cash. Fortitech,a privately-held company based in ...
Tags: agreement, acquire, dietary supplement, infant nutrition
OAO TMK, one of the world's leading producers of tubular products for the oil and gas industry, announced its interim consolidated IFRS financial results for the nine months ending September 30, 2012. 3Q 2012 Highlights In line with ...
SunCoke Energy Inc announced plans to form a master limited partnership, SunCoke Energy Partners LP, which will have an ownership interest in certain of its coke-making facilities. We estimate that consolidated credit metrics will remain ...
Tags: SunCoke Energy, coke, coke making facility
Paper and packaging manufacturer in the US RockTenn has reported net sales of $2.3bn for the third quarter of fiscal 2012, which increased $921.1m over the same period of fiscal 2011, primarily due to the acquisition of Smurfit-Stone in May ...
Irish nutritional solutions and cheese firm Glanbia has entered into an agreement to sell 60% stake in its dairy ingredient division – Dairy Ingredients Ireland (DII) - to its largest shareholder Glanbia Co-op Society, in a ...
Tags: nutritional solutions and cheese firm, dairy ingredient division
Broder Bros. Co. announced its third quarter results for its quarter ended September 29, 2012. Third Quarter 2012 Results Compared to Third Quarter 2011 Results Third quarter 2012 net sales were $205.1 million compared to $220.5 ...
Tags: Broder Bros, third quarter, results, net sales
Federal-Mogul, a supplier of powertrain and safety technologies, has reported a decrease of 2% in net sales of $1.6bn for the third quarter of 2012, compared to $1.73bn for the same period in 2011. Gross margin for the third quarter of ...
Tags: Federal-Mogul, net loss, net income, powertrain and safety
Commercial Vehicle Group's Indian subsidiary CVG Seat has acquired all the seat assembly assets of Vijayjyot Seats for $13.7m. The transaction also includes an additional earn-out potential of about $1.9m based on earnings before ...
Tags: Commercial Vehicle Group, CVG Seat, Vijayjyot Seats, school and coach bus