Dialight plc ("Dialight") announces that its US subsidiary, Dialight Corporation, has completed the acquisition of the assets of Airinet Inc ("Airinet"), a lighting controls company, for upfront consideration of $2.6m with additional sums ...
Tags: Dialight plc, LED, acquisition
New Jersey-based Smart Balance has unveiled plans to change its name to Boulder Brands and reorganise the company into two business segments. The company said the move comes on the back of its US$125m acquisition of Udi's Healthy Foods in ...
Tags: Smart Balance, change name, Boulder Brands, reorganise, business segments
A fall in costs pushed up half-year profits at Fresh Del Monte Produce despite the US company reporting lower sales. Fresh Del Monte said today (31 July) its first-half net income was US$119.7m, up from $90.4m a year earlier. The higher ...
Tags: Fresh Del Monte Produce, lower sales, profit, company news, food industry
Argo Group International Holdings has posted net income of $24m, or $0.92 per diluted share, up 10% from a net income of $21.6m, or $0.78 per diluted share during the same period last fiscal. Argo Group CEO Mark E Watson III said, "Each ...
Tags: Argo Group International Holdings, net income, underwriting profit
American confectionery company Mars has opened a EUR80m chocolate factory in Ulyanovsk, Russia, as a part of its plan to strengthen its position in the BRIC chocolate market. Initially, the factory will manufacture chocolate bars, and the ...
Tags: confectionery company, chocolate factory, chocolate market
Manufacturer of pharmaceutical and food packaging machinery ORICS has collaborated with Spartech Packaging Technologies, a subsidiary of Spartech, to provide a food packaging technology, 1-Seal. The new 1-Seal is a re-sealable packaging ...
Tags: pharmaceutical and food packaging, food packaging technology
Powertrain and safety technologies supplier Federal-Mogul has started operating as two business segments which include powertrain segment and vehicle components segment. The powertrain uanit will focus on original equipment products for ...
Tags: Federal-Mogul, powertrain segment, vehicle components segment
Arkema announces an increase by 60€/dmt (dry metric tonne) on caustic soda prices (sodium hydroxyde 30.5% and 50%), effective October 1st, 2012 or as contracts allow. This adjustment is made necessary by the increase in the cost of ...
Tags: chemical firm, Caustic Soda prices, Caustic Soda, sodium hydroxyde
Norway-based developer of printed electronics, Thin Film and Bemis have signed an agreement to develop a flexible sensing platform for the packaging market. According to Thin Film, the new category of packaging can collect and communicate ...
Mohawk Industries Inc. announced 2012 third quarter net earnings of $70 million and diluted earnings per share (EPS) of $1.01. Excluding restructuring charges, net earnings were $72 million and EPS was $1.04, a 25% increase over last year's ...
Tags: net earnings, Net sales, SmartStrand Silk, carpet market
American agribusiness company Cargill reported that its net earnings for the fiscal 2013 first quarter ended 31 August 2012 soared 313% to $975m, compared to $236m the previous year. Revenues for the first quarter were $33.8bn, down 2.3% ...
Tags: agribusiness company, net earnings, agriculture services
The solar industry has been in a market downturn but solar cell conductive paste makers continue to see better profits. Taiwan-based Giga Solar, a silver, silver aluminum, and aluminum conductive paste maker, reported gross margin for ...
Gardner Denver, Inc. reported third quarter 2012 revenues of $548.5 million, down 11% compared to the prior year third quarter (down 7% excluding the impact of foreign exchange). Operating income for the third quarter of 2012 was $89.1 ...
Tags: Gardner Denver, EPG, IPG
Daifuku Webb Holding Company, a subsidiary of Daifuku Co., Ltd., completed the purchase of all equity of Elite Line Services, LLC (ELS) from G&T Conveyor Company, Inc. G&T is majority owned by Brynwood Partners IV L.P., a private equity ...
Tags: Daifuku Group, baggage handling systems, passenger boarding bridges
SunSi Teams with LED Lighting Installer Commonwealth SunSi Energies Inc.,an international manufacturer,seller and distributor of energy products and solutions,has entered into a strategic alliance with Commonwealth Energy Group,LLC,a ...
Tags: Sunsi Teams, Led Lighting, Commonwealth