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Smurfit Kappa Rejects $10bn Takeover Offer From International Paper
Mar 8, 2018Irish packaging firm Smurfit Kappa has rejected €8.6bn ($10.6bn) takeover offer from the US-based International Paper. Smurfit Kappa said the unsolicited proposal from International Paper failed to reflect the company's strong growth ...
Tags: Smurfit Kappa, packaging
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Groupe PSA Creates JV to Build Cars for Algerian Market
Nov 15, 2017French automaker Groupe PSA has signed a joint venture (JV) agreement with three Algerian partners to build cars in the North African country. The Algerian partners include Condor Electronics, Palpa Pro and Entreprise Nationale de ...
Tags: Algerian Market, PSA, Cars
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DS Smith to Open New Rigid Packaging Facility in US
Sep 21, 2017DS Smith Plastics is set to open a new rigid packaging manufacturing facility in Romeoville, Illinois, US. The company intends to start production at the new rigid packaging facility in the last quarter of this year. DS Smith will use ...
Tags: Smith Plastics, Rigid Packaging
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Ds Smith to Exhibit E-Commerce Packaging Solutions at German Event
Jul 12, 2017UK-based corrugated cardboard maker DS Smith is set to showcase e-commerce packaging solutions at Deliver #2 event in Germany. Deliver #2, which will take place on 27 and 28 June in Berlin, is an event that will bring together online ...
Tags: corrugated cardboard, Packaging
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DS Smith Proposes to Buy Interstate Resources for $920m
Jul 5, 2017UK-based corrugated cardboard maker DS Smith has signed a conditional agreement to acquire a majority stake in US packaging firm Interstate Resources from Merpas for $920m. DS Smith and its US subsidiary DS Smith Holdings have signed the ...
Tags: corrugated cardboard, packaging
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Glanbia Seeks to Sell Control of Dairy Ireland to Farmers Co-Op
Mar 1, 2017Glanbia Co-op has proposed to create a strategic joint venture named Glanbia Ireland encompassing Glanbia Ingredients Ireland, Consumer Products & Agribusiness. Glanbia Co-op also proposes a €100m “spin-out” of Glanbia ...
Tags: Glanbia, Premier Milk
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Remy Cointreau Offers to Acquire Domaine Des Hautes Glaces Distillery
Oct 28, 2016Alcoholic beverage firm Remy Cointreau has entered into exclusive talks to acquire French distillery Domaine des Hautes Glaces. The company submitted an offer for an undisclosed amount, with a view to buy the distillery’s entire ...
Tags: Remy Cointreau, whiskies
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Bel to Acquire Majority Stake in Healthy Snack Maker MOM Group
Oct 26, 2016French dairy giant The Bel Group has entered into an agreement with LBO France to acquire a majority stake in fruit snacks and dessert maker MOM Group. Under the agreement, Bel will acquire 65% stake in the company, while the remaining ...
Tags: Bel, Healthy Snack
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ZF Withdraws All-Cash Offer for Haldex
Oct 11, 2016Friedrichshafen / Stockholm – ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V. (“ZF”), announced today that it has withdrawn its recommended public cash offer (the “Offer”) to ...
Tags: ZF, withdraw, public cash offer, Haldex
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ZF Increases Offer Price for Haldex to Sek 110 Per Share in Cash
Sep 21, 2016ZF today announced that it has increased the price per share in its public cash offer for Haldex Aktiebolag (publ) (“Haldex”) to SEK 110, valuing Haldex at SEK 4.85 billion. ZF has received agreements to sell from key ...
Tags: ZF, Haldex, offer price
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Mondi Reports Half-Yearly Results for Six Months Ended June 2016
Aug 9, 2016Mondi announced half-yearly results for the six months ended 30 June 2016. Highlights Continued strong financial performance on all key metrics Underlying operating profit of €529 million, up 8% Underlying earnings of ...
Tags: metricsUnderlying, Uncoated Fine Paper, Fibre Packaging
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Leroy Seafood Acquires Havfisk and Norway Seafoods
Jun 7, 2016Leroy Seafood Group has entered into an agreement with Aker Capital and Aker Capital II to purchase a controlling stake in Havfisk and Norway Seafoods Group for NOK3.2bn ($390m). The acquisition represents 64.4% and 73.6% of the total ...
Tags: Leroy Seafood, Seafoods
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Mondi to Buy 90% Stake in Turkish Packaging Firm Kalenobel
Jun 6, 2016Mondi Group has agreed to acquire 90% stake in Turkish consumer packaging firm, Kalenobel, for €90m. The company will purchase the outstanding share capital in Kalenobel from Argus Capital and M. Olcay Hephiz, one of the company's ...
Tags: Mondi, Turkish Packaging
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Almarai to Acquire Controlling Stake in National Food Products Company
Apr 20, 2016Almarai Company has evinced interest in acquiring a controlling stake in UAE-based National Food Products Company (NFPC). NFPC has initiated the competitive sale process for part of its share capital and has informed Almarai to progress ...
Tags: NFPC, National Food Products Company, Almarai, Acqusition
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McCormick Offers Revised Bid for Premier Foods
Apr 6, 2016McCormick & Company has revised its offer for Premier Foods to 65 pence in cash per each share of Premier Foods, valuing the latter at £1.5bn, and making its third approach to acquire the business. The revised offer follows two ...
Tags: McCormick, Premier Foods, Revised Bid