Packaging company Ardagh is almost said to have completed its €3bn acquisition of the glass packaging unit of Saint Gobain. Saint Gobain has been considering the sale of Verallia to focus on higher-margin home and construction ...
Tags: Glass Packaging, Packaging
Nomad Holdings Ltd. has agreed to acquire Iglo Foods Holdings Ltd., said to be Europe’s largest branded frozen food company, from Permira Advisers LLP in a deal worth €2.6bn. Subject to customary closing conditions, Nomad ...
Tags: Iglo Foods, Nomad
As part of the Texprocess Forum programme, the International Apparel Federation (IAF) is organising a panel discussion titled ‘Making technology work in fashion’ in Hall 5.0 C06 on May 5, 2015. The panelists of this session ...
Tags: Panel Discussion, Texprocess Forum
State-owned Shandong Iron and Steel Group Co Ltd said on Monday that it has acquired the remaining 75 percent stake it does not own in a mining project in western Africa's Sierra Leone. Shandong Steel had earlier acquired a 25 percent ...
Tags: Steel Firm, Iron Group, Steel Group
Australian supermarket chain Coles is planning to invest in farms to extend the selling seasons of popular fruits and vegetables. Coles managing director John Durkan said that the company wants to make more investments to ensure the ...
Tags: Coles, popular fruits, vegetables
SAS Textiles, a Los Angeles based fashion fabrics marketer has launched SAS Sport line of synthetic performance fabrics developed for athletic, outdoor, and lifestyle customers. SAS has utilised its wide range of equipment to offer a ...
After acquiring a stake in a U.S. medical device firm last year, the world’s biggest electronics manufacturer is in now talks with another medtech company. Brian Buntz Foxconn is now making components for the ViSi Mobile device ...
Tags: Medtech Market, iPhone Assembler
Swiss food major Nestle is reportedly engaged in advanced level talks to sell its frozen food unit Davigel to Brakes Group, which is owned by Massachusetts based buyout fund Bain Capital. A person familiar with the situation told ...
Tags: Nestle, Brakes Group
ThyssenKrupp has reportedly approached BNP Paribas to find a suitable buyer for its automotive contract assembly business. The automotive systems unit produces axle systems for car makers, It generates revenues of around €1bn. ...
Tags: ThyssenKrupp, Automotive
Hampshire Group said it has signed an agreement to sell the stock of Rio Garment S.A. to a group led by the current Rio management, which includes David Gren, the president of Rio. Hampshire signed a deal to sell its stake for $6 ...
Tags: Hampshire Group, Rio Garment, Garment
The corrugated sector received a jolt yesterday with reports that International Paper was mulling over a £6bn bid for Smurfit Kappa. With both parties remaining tight lipped on the reports, we can only speculate on what such a ...
Tags: Smurfit Kappa, Packaging
Solar cell maker Solartech Energy will temporarily suspend one of its 11 production lines in Taiwan and continue operating the other 10 to maintain a local capacity utilization rate at 90%, according to Chinese-language newspaper Economic ...
Tags: Solartech, Solar Cell
Philips originally planned to spin off its wholly-owned subsidiary Lumileds and automobile lighting business to make them an independent company by the end of the first half 2015. But on March 31, Philips announced a deal to sell a 80.1% ...
Tags: Philips, Lumileds, automobile lighting
US Department of Agriculture (USDA) has reached an agreement with Mexico and Peru on beef and pork trade, allowing US producers to expand their market. The latest agreement will allow US producers to export slaughter cattle to Mexico and ...
Tags: Beef Exports, Pork Exports
Dutch brewer Heineken has agreed to purchase 51.11% stake in Slovenian brewery Pivovarna Lasko in a deal that will value the company at around $237m. Heineken and Lasko's largest shareholder Bank Asset Management Company (DUTB) ...
Tags: Slovenian Brewer Lasko, Heineken