Sonoco, one of the largest diversified global packaging companies, has reported financial results for its first quarter, ending 2 April 2017. First Quarter Highlights First quarter 2017 GAAP earnings per diluted share were $0.53, ...
Kush Bottles, a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its second fiscal quarter ended February 28, 2017. Second Quarter Fiscal 2017 ...
Tags: Kush Bottles, packaging
Russian meat and feed producer Cherkizovo has agreed to acquire domestic grain producer Napko for around RUB5bn ($88m). Cherkizovo will also assume the net debt of the grain producer which stood at RUB751m ($13m) as of 31 March 2017. ...
Tags: meat, feed producer
UK consumers goods company Reckitt Benckiser is weighing strategic options for its food business to help pay down debt after its planned $16.6bn purchase of Mead Johnson. The company is mulling over all options for the food business, ...
Tags: Reckitt Benckiser, Food Business
Real Good Food announced that it has acquired an 84.33% stake in Brighter Foods for total consideration of up to £9m, on a cash and debt free basis. The two companies announced a new partnership to build on the success for the Wales ...
Tags: Real Good Food, snack bar
Inventure Foods has agreed to divest Fresh Frozen Foods to The Pictsweet Company for nearly $23.7m in an all-cash deal. The strategic sale by Inventure Foods was announced during an ongoing company review process aimed at improving ...
Tags: Inventure Foods, Frozen Foods
Numerical targets to reduce coal and steel production capacity have, for the first time, been set in the annual Chinese government work report. China will reduce steel production capacity this year by around 50 million metric tons and ...
Tags: Steel Capacity, Coal
Cenveo has reported financial results for the fourth quarter and full year ended 31 December 2016. The reported results for all periods presented exclude the operating results of the Company's packaging operating segment and its top-sheet ...
Swedish confectionery and nuts firm Cloetta has agreed to acquire Candyking, a concept supplier of pick and mix candy in the Nordic countries and the UK. The acquisition strengthens Cloetta’s position within pick and mix and creates ...
China's central bank has drafted new rules to tackle risks from shadow banking, in a tacit acknowledgment that a host of measures in recent years to control off balance sheet credit have failed to control its risks, the Financial Times ...
Tags: Shadow Banking, balance sheet
KapStone Paper and Packaging reported preliminary results for the fourth quarter and year ended December 31, 2016. As compared to 2015's fourth quarter, results for 2016's fourth quarter: Net sales of $777 million, up $13 million, or 2 ...
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Graphic Packaging Holding Company, a provider of packaging solutions to food, beverage and consumer product companies, reported Net Income for fourth quarter 2016 of $34.9m , or $0.11 per share, based upon 317.9 million weighted average ...
Tags: Graphic Packaging, Packaging
Crown Holdings announced its financial results for the fourth quarter and year ended 31 December 2016. Highlights Earnings per share $0.47 for the quarter; $3.56 full year versus $2.82 in 2015Adjusted earnings per share $0.71 for the ...
Tags: Crown, beverage can
After the third quarter of the 2016/2017 financial year, Heidelberger Druckmaschinen is still on course to increase its annual profit as planned. For example, during the third quarter (October 1 to December 31, 2016), the operating result ...
Lear, which supplies automotive seating and electrical systems, has agreed to acquire Grupo Antolin's automotive seating business. Grupo Antolin's seating business is headquartered in France with sales and operations concentrated in 5 ...
Tags: Lear, Antolin's Automotive, Seating Business