Land O'Lakes, a farmer-owned food and agricultural cooperative, has reported that its net earnings increased to $18m for the third quarter of 2012, compared to a loss of $30m for the same period in 2011. The company's net sales for the ...
Royal DSM, a life sciences and materials sciences firm based in the Netherlands, has completed the acquisition of Ocean Nutrition Canada, a supplier of fish-oil derived nutritional products to the dietary supplement and food and beverage ...
Tags: the acquisition, supplier of fish-oil, nutritional products
Allied World Assurance Company has selected Iain MacLeod as senior vice president, Asia-Pacific, to manage distribution management and regional business development for all direct and facultative lines, including casualty, environmental, ...
Tags: Allied World Assurance Company, MacLeod, distribution management
Italy based underwriter Generali is planning to dispose of its non-strategic assets in 2013, to boost its overseas operations and expand into China and the rest of Asia, Eastern Europe and Latin America, and other emerging market. ...
Tags: non-strategic assets, Generali, insurer
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...
Zurich Insurance has reported a net income of $1.14bn for the first quarter of 2012, compared to $640m for the same period in 2011. Business operating profit for the first quarter of 2012 surged to $1.38bn, compared to $854m in the ...
Tags: Zurich Insurance, insurance industry, insurance market, net income
American Financial has registered net earnings attributable to shareholders of $99m, or $1.01 per share for the 2012 second quarter, with a steep rise of 100% from $48m or $0.46 per share during the same period earlier year. According to ...
Williamsville-based Stahlka Agency has acquired Western New York practice of Historic Square Insurance Agency and following the acquisition, Stahlka's existing Orchard Park office will be merged with Historic Square's office in Orchard ...
Tags: Stahlka Agency, acquisition, merge, Historic Square, insurance
XL Group has named Eileen Whelley as executive vice president, chief human resources officer for the firm, who will replace Elizabeth L Reeves, after her retirement. Whelley will take charge from 18 June 2012, and report to XL chief ...
Tags: XL Group, Eileen Whelley, executive vice president, leadership team
Canadian packaging company CCL Industries has signed an agreement to acquire John Watson & Company, a label converter in Glasgow, Scotland, through the purchase of shares. The acquisition is said to complement the global network of CCL ...
US packaged foods company ConAgra Foods has reported a net loss of$86.2m for the fiscal 2012 fourth quarter ended 27 May 2012,compared to a net profit of$250.1m in the previous year,owing to charges with regard to a change in accounting ...
Tags: net profit, revenue, price
Drug wholesale company in the US AmerisourceBergen has announced that it is pursuing the sale of its contract pharmaceutical packaging business AndersonBrecon in Rockford, Illinois. By selling its business, the company aims to concentrate ...
Tags: Pharma Packaging, pharmaceutical distribution, manufacturer services
US-based rigid packaging provider TricorBraun has implemented Microsoft Dynamics AX and Junction Solutions’ distribution functionality. The new solution, designed for business-to-business and business-to-consumer multi-channel ...
Tags: rigid packaging provider, TricorBraun, distribution functionality
Presidential Life and Athene have inked a definitive agreement for an Athene subsidiary to acquire Presidential Life for $14 per share in cash, in lieu of an aggregate purchase price of nearly $415m. In pursuant of the terms of the merger ...
Tags: Presidential Life and Athene, Presidential Life, acquisition
Swiss insurer Zurich Insurance is likely to expand its insurance operations in a bid to gain a strong foothold in emerging markets such as China and Indonesia. The underwriter, under the guidance of its chief executive officer Martin ...
Tags: Zurich, insurance operation, China, Indonesia, insurance market