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Cree Prices Offering of $500m Convertible Senior Notes
Aug 23, 2018Cree Inc of Durham, NC, USA (which makes lighting-class LEDs, LED lighting and power semiconductors) has announced the pricing of $500m of its 0.875% convertible senior notes due 2023 in a private offering to qualified institutional buyers. ...
Tags: LED lighting, LEDs
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Qorvo's Quarterly Growth Driven by Mobile Demand in China
Aug 20, 2018For fiscal first-quarter 2019 (ended 30 June 2018), Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has reported revenue of $692.7m, up 4.1% on $665.4m ...
Tags: Qorvo, Mobile Demand
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Veeco Reports Higher-Than-Expected Q2 Profits, Despite Falling Revenue From Sales of Blue LED MOCVD Systems to China
Aug 8, 2018For second-quarter 2018, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $157.8m, down slightly on $158.6m last quarter but up 40.6% on $112.2m a year ago. ...
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Bobst Group Reports Increased Sales Performance in 2017
Mar 7, 2018Bobst Group, a Swiss-based supplier of equipment and services to the packaging and label industries, has reported consolidated sales of CHF1 529m ($1,629m) in 2017, an increase of CHF82m, or 5.7%, compared to 2016. The operating result ...
Tags: packaging, label industries
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Crown's Net Sales Increase in 2017 Fourth Quarter
Feb 9, 2018Crown Holdings has released its financial results for the fourth quarter and year ended 31 December 2017. Net sales in the fourth quarter increased to $2,168 million compared to $1,923 million in the fourth quarter of 2016, reflecting ...
Tags: Crown Holdings
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Kush Bottles’ Revenue Increases in First Fiscal Quarter 2018
Jan 18, 2018Kush Bottles, a provider of packaging, supplies, vaporizers, accessories and branding solutions for the regulated cannabis industry, has reported financial results for its first fiscal quarter of 2018, for the period ended 30 November 30 ...
Tags: Kush Bottles, cannabis industry
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NeoPhotonics Agrees New Five-Year $50m Credit Facility with Wells Fargo Bank
Sep 13, 2017NeoPhotonics Corp of San Jose, CA, USA (a vertically integrated designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for high-speed communications networks in telecom and data-center applications) ...
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Hormel Foods Acquires Brazilian Meat Firm Cidade Do Sol
Aug 30, 2017US-based Hormel Foods has entered into South America with the acquisition of Brazilian meat company Cidade do Sol for about $104m. Cidade do Sol offers over 70 products in 15 categories that include meats like mortadella, sausage and ...
Tags: Cidade do Sol, sausage
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Hormel Foods Buys Italian Meats Company Fontanini for $425m
Aug 23, 2017American branded food giant Hormel Foods has purchased Italian meats company Fontanini Italian Meats and Sausages from Capitol Wholesale Meats for $425m. Based in Chicago, Fontanini is a branded foodservice business which was established ...
Tags: Hormel Foods, Meats
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Luna Selling High-Speed Optical Receivers Business to MACOM for $33.5m
Aug 14, 2017Luna Innovations Inc of Roanoke, VA, USA (which makes high-speed optoelectronics and fiber-optic test products for the telecoms industry and distributed fiber-optic sensing for the aerospace & defense and automotive industries) has agreed ...
Tags: Optical Receivers, optoelectronics
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Oclaro's Quarterly Revenue up 28% Year-on-Year, Despite 10g Softness in China
Aug 8, 2017For fiscal fourth-quarter 2017 (ended 1 July), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $149.4m (split about 50:50 between client-side/datacoms ...
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Conner Industries Secures $10m in Growth Capital
Aug 4, 2017Conner Industries, a provider of integrated packaging solutions, has received from existing investors additional growth capital which, when added to the investment made in April 2017, totals $10m. The capital infusion will be used for ...
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Government Offers Financial Boost to UK Exporters and SMEs
Aug 4, 2017Secretary of State for the Department of International trade, Liam Fox made the announcement, outlining the government’s renewed ‘commitment to helping small business seize global demand for British exports.’ UK Export ...
Tags: UK Exporters
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WestRock Expands Consumer Packaging Portfolio with Hannapack Acquisition
Aug 3, 2017WestRock has purchased Australian paperboard-packaging manufacturer Hannapack for A$75m ($59m) to expand its consumer packaging portfolio. Hannapack, which was established by Charles Hanna in 1967, provides folding cartons to a range of ...
Tags: WestRock, Consumer Packaging
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IQE's Strong First-Half Revenue Growth Marks Start of Increased Vcsel Wafer Demand for Mass-Market Consumer Applications
Jul 21, 2017Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK says that, for first-half 2017, it expects revenue of about £70m, reflecting increased sales in each of its three primary markets. “All business units have ...
