US-based corrugated packaging firm WestRock has completed the acquisition of Multi Packaging Solutions International (MPS) for a total enterprise value of $2.28bn. Under the deal, WestRock purchased all of the outstanding shares of MPS ...
Tags: corrugated packaging, WestRock
Euro Packaging affiliate Broomco (4294) has acquired Essentra’s consumer packaging site, located in Bristol, UK. Terms of the deal have not been disclosed. The Bristol facility is engaged in the manufacturing of printed paper bags ...
Tags: Essentra, Consumer Packaging
Frigoglass SAIC has announced unaudited results for the first quarter ended 31 March 2017 First Quarter 2017 Highlights Sustained growth momentum in Europe driven by increased sales to Coca-Cola bottlers and breweries Double digit ...
Tags: Frigoglass, bottler
Bemis has been honored by DuPont for the Kellogg’s Nutri-Grain Bakery Delights package featuring textured film. The package received a Silver Award in the 2017 DuPont Awards for Packaging Innovation. The innovative Kellogg’s ...
Lithium ion battery pack maker Simplo Technology will devote more resources to developing industrial products, such as those for electric bicycles, electric vehicles, medium-size servers and home-use electric appliances, company chairman ...
Tags: Lithium battery, battery pack
Multi Packaging Solutions (MPS) International has reported a net income of $10.8m, or $0.14 diluted earnings per share, for the third quarter ended 31 March 2017, compared to $3.8m, or $0.05 diluted earnings per share, for the same period ...
Tags: Multi Packaging, Packaging
Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...
Sealed Air has announced financial results for first quarter 2017, as well as outlook for the complete year. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, “2017 is a transformational ...
Tags: Sealed Air, Packaging
Novelis, the world leader in aluminum rolling and recycling, has reported record results for the fourth quarter and fiscal year 2017 with significant year-over-year increases in Adjusted EBITDA, net income, free cash flow and automotive ...
Tags: Novelis, automotive
United Caps stated that it will open a new manufacturing facility in Malaysia. The Luxembourg-based company plans to build a state-of-the-art manufacturing facility to meet increasing customer demand in the region for its caps and ...
Tags: United Caps, drinks industry
For fiscal fourth-quarter 2017 (to 1 April), Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has reported revenue of $642m, up 5.7% on $607.1m a year ...
Tags: Smartphone, Qorvo
For first-quarter 2017, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $94.4m, rebounding further from $93.6m last quarter and up 21% on $78m a year ago. This is above ...
Tags: LED Demand, LED industry
Aardvark Swift's marketing executive, Joey Relton discusses the UK's worrying skills shortage and how coding toys might just help provide the answer to this problem Teaching children how to code through play isn’t a new or ...
Tags: Toy Industry, coding toys
Pro Mach’s subsidiary Zalkin has introduced a new compact machine, TM300 Fillcapp, developed to produce small volume containers for use in different applications. TM300 Fillcapp is a single-head stand-alone capper with integrated ...
Tags: compact machine, containers
Berry Global Group has reported results for its second fiscal 2017 quarter, referred to in the following as the March 2017 quarter. Net income for the March 2017 quarter was $72 million ($0.54 per diluted share) compared to $59 million ...