Valeo has agreed to acquire German clutch and and gear actuators maker FTE automotive from Bain Capital Private Equity for €819.3m. Subject to the approval of the European and Brazilian anti-trust authorities, the transaction is ...
Tags: Valeo, FTE Automotive
Valmet will supply an extensive board machine rebuild and automation solution for machine and quality control to the ITC Bhadrachalam mill in India. The rebuilt production line (PM1) is planned to produce high-quality lightweight coated ...
Tags: extensive board machine, Valmet
Philippines-based beverage maker Asia Brewery has entered into an agreement with Dutch beer producer Heineken International to brew Heineken brands in Philippines. The financial terms of the deal have not been disclosed. The partnership ...
Tags: beverage, Asia Brewery, Heineken
US-based food company TreeHouse Foods is planning to close two production facilities located in Azusa, California and Ripon, Wisconsin. The shutdown of facilities is part of the company's efforts to streamline operations by reducing ...
Tags: TreeHouse Foods, snack products
The sales of x-electric vehicles (xEV) in China reached a historic high of 300,000 units in 2015. Correspondingly, the market for xEV lithium batteries witnessed surging growth in the same period. In the fourth quarter, for instance, xEV ...
Global gold demand totaled 1,290 mt in the first quarter, up 21% from 1,070 mt a year earlier, as the biggest quarterly inflow into exchange-traded funds since 2009 offset a steep decline in jewelry demand, the World Gold Council said in a ...
Tags: gold demand, gold
The design for Apple’s A11 chip – the one intended for use on next year’s iPhone 8 – is already being finalised, apparently. That’s according to a report by technology industry news site DigiTimes, which ...
Almarai Company has evinced interest in acquiring a controlling stake in UAE-based National Food Products Company (NFPC). NFPC has initiated the competitive sale process for part of its share capital and has informed Almarai to progress ...
Tags: NFPC, National Food Products Company, Almarai, Acqusition
Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
Pacific Sunwear of California, Inc. entered into a restructuring support agreement (RSA) with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the company's financing facilities. In conjunction with the ...
Tags: Pacific Sunwear, RSA, Golden Gate Capital, Bankruptcy
Fuwei Films, a manufacturer and distributor of high-quality BOPET plastic films in China, will report its financial results for the fourth quarter and full year of 2015 on 7 April 2016 after the close of the market. The Company will host ...
Jarden Corporation reported operating earnings at its sporting goods segment plunged 82.4 percent last year due primarily to impairment charges it took in its winter sports business in the fourth quarter ahead of its acquisition by Newell ...
Tags: Jarden Corp., Acquisition, Sports Assets
Iconix Brand Group Inc. reported a loss of $263 million, or $5.44 a share, after charges of $402.4 million to writeoff the company's trademarks and goodwill. Over 90 percent of the impairment is related to the company's men's business ...
French dairy processing company Saputo is planning to close three manufacturing facilities in Canada located in Sydney (Nova Scotia), Princeville (Québec) and Ottawa (Ontario). The plant closures are expected to take place in ...
Tags: Saputo, Manufacturing Plants
The Finish Line Inc. reported earnings for the fourth quarter before non-recurring items fell 11.6 percent to $36.5 million, or 83 cents a share. Earnings came in at the high end of its guidance calling for earnings between 78 and 83 cents ...
Tags: Non-adjustments, Q4 Profits, Finish Line