In a federal bankruptcy court in Delaware Thursday, RG Steel's official committee of unsecured creditors asked for approval of a motion for an order that would allow them to settle certain claims on "behalf of the debtors' estates against ...
Tags: RG Steel, Steel, Steel industry
Cargill has secured a deal to acquire two animal feed mills from the bankrupt Pennfield Corporation in the US for US$9.8m. Cargill said today (18 January) that the deal for the mills, located in Mount Joy and Martinsburg in Pennsylvania, ...
The Greater China LED industry went through consolidation in 2012 and many tier-two and tier-three firms exited the market due to continuous net losses. The effects of the consolidations will show in 2013. Since newcomers in China ...
Tags: LED Consolidations, 2012, Effects, 2013
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers has emerged as the "stalking horse" bidder that, if the ...
Tags: US, baker, Flowers Foods, Hostess Brands
The future of Australian manufacturing potentially hangs in the balance of power, with the federal opposition still non-committal to long-term support for local car making. The Coalition has confirmed that if elected to power following ...
Japan credit exchange issued a bankruptcy situation report of the national textile enterprises in Japan in 2012. The report showed that the number of textile enterprises in bankruptcy was about 480, a decrease of 5.7% (29) compared with the ...
Tags: textile enterprise debt, debt, bankruptcy
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers will also take on 20 of Hostess' bakeries and ...
Tags: US, baker, Flowers Foods, Hostess Brands
US-based baking company Flower Foods has signed two agreements to acquire certain bakery assets of Hostess Brands. The value of the total deal is approximately $390m. One of the agreements includes purchase of the Wonder, Nature's Pride, ...
Tags: US, Flower Foods, agreements, bakery assets, Hostess Brands
In 2012, demand for TV-use LED backlight products was high, helping LED firms to maintain high to full capacity utilization rate. As many governments are beginning to ban the use of incandescent bulbs, the LED lighting market is expected to ...
Tags: LED backlight products, LED firms, LED lighting market, LED
The management team of the Swedish sawmill operator Seskaro Sag filed for bankruptcy on 9 November 2012 just a year after reopening. Beyond the general problems that the Swedish sawmill industry has faced for some time, Swedish press media ...
Tags: management team, Swedish sawmill operator, Seskaro Sag, bankruptcy
Gulistan Carpet — an Aberdeen, N.C.-based manufacturer of residential and commercial tufted carpets — has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code for the Middle District of ...
Tags: tufted carpets, Gulistan Carpet, carpet, company news
US milk processor Golden Guernsey, once owned by Dean Foods, has gone into administration. Owner OpenGate Capital yesterday (8 January) announced the Wisconsin-based firm had filed for Chapter 7 bankruptcy in Delaware bankruptcy court. ...
Tags: Dairy firm, Dairy, milk processor, Foods
New Saab owner National Electric Vehicle Sweden (NEVS) has signed a partnership worth $291 million with the City of Qingdao in China’s Shandong province giving the city a stake in the Hong Kong-owned manufacturer. To be made in ...
Saab Cars Australia has been placed into voluntary administration, forcing the closure of the company’s Port Melbourne operations and the loss of six local jobs. The appointment of Ferrier Hodgson partners Stewart McCallum and Peter ...
Tags: Saab Cars Australia, car, new car, car industry
US automotive start-up Elio Motors will build its quirky, fuel-efficient, three-wheel car from 2014 in a plant that was once home to the hulking Hummer H3 SUV. RACER (Revitalising Auto Communities Environmental Response) – the trust ...
Tags: US, automotive, Elio Motors, Hummer H3 SUV