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Finance  the process of acquiring funds

Financial

Finance is how money is managed and the process of acquiring funds. Corporate and public finance includes pursuing investments, obtaining low-cost credit, allocating funds for liabilities, and banking.

UPDATED: Furnace rebuilds, equipment updates on tap for 2015

Ardagh Group to make up to $71m capital investments at its Indiana, US glass facility

Ardagh Group, Glass North America, will receive a tax abatement of approximately $6.1m over 10 years from the City of Winchester and a grant of $300k for local equipment purchases...

News in brief

Cardia Bioplastics to merge with Stellar Films Group

Cardia Bioplastics has signed an agreement to merge with Stellar Films Group, due for completion March 20, 2015.

Goal: Help small operations comply with FSMA

Competitive grants on tap to fund food safety training for small businesses

Having identified a need to provide food safety training to small food processors and farm owners, two US federal agencies have announced they will collaboratively administer a competitive grant program...

Vidrala acquires Encirc (formerly Quinn Glass) for $476m

Encirc: 'No job losses and contracts with Diageo and Britvic continue as normal'

Vidrala, through its subsidiary Inverbeira Sociedad de Promoción de Empresas, has acquired Encirc (formerly Quinn Glass) whose clients include Diageo and Britvic, for €408.6m ($476m).

News in brief

Enact buys Excelsior flexible packaging firm

SME fund, Enact has made a six-figure investment in flexible packaging company Excelsior which specialises in gravure print for the food, confectionery and medical sectors.

Pamplona to acquire Charter NEX Films

Private equity firm Pamplona Capital Management (Pamplona) has agreed to acquire Charter NEX Films, expected to be completed in Q1, 2015.

Borealis to appeal against €281.7m tax bill

Borealis has received a re-assessment decision from the Finnish tax authority for its Finnish subsidiary Borealis Technology Oy for the year 2008, for an additional payment of €281.7m comprising of...

‘Uncertainty over successful execution sale’ of Saint-Gobain’s Verallia France

Moody's Investors Service in New York has spoken out about Saint-Gobain’s sale of Verallia France and its plans to acquire a controlling interest in Sika, to be finalized in the...

Ardagh responds to Saint-Gobain plans to sell Verallia France

Saint-Gobain is looking to sell Verallia France glass packaging company after selling Verallia North America to Ardagh.

December: Around the world in packaging acquisitions

In this month’s round-up of global packaging acquisitions FoodProductionDaily looks at CCL Industries, specialty label and packaging; Storopack; Cambridge Engineered Solutions; Cardia Bioplastics and more.

News in brief

Stora Enso completes €102m Corenso divestment

Stora Enso has completed a €102m divestment of its Corenso business operations to the Finnish packaging materials company Powerflute Oyj.

RPC Group to expand in China & India following €386m Promens acquisition

RPC Group will acquire Promens Group (Promens) for €386m (£307m), with the deal expected to close at the end of March 2015.

Exclusive interview

Petainer speaks out after failed bid to acquire APPE

Petainer has spoken out about its growth ambitions after being named the ‘reserve’ bidder on the purchase of APPE Packaging Division, owned by La Seda de Barcelona Group, losing out...

Europe Glass EBITDA for the quarter decreased by 1%

Ardagh third quarter results sees ‘sluggish’ beer category

Ardagh Group has released its 2014 third quarter results reporting revenue of €1,311, an increase of 16% compared to 2013, claiming growth in other market sectors ‘offset continued sluggishness in the beer sector’.

News in brief

Huhtamaki to sell its Films business for €141m

Huhtamaki has entered into an agreement to sell its Films business to DBAG Fund VI, a fund advised by German private equity company Deutsche Beteiligungs (DBAG), expected to be finalized...

BREAKING NEWS: Onex to acquire SIG Combibloc Group for $4.66bn

Onex Corporation (Onex) has agreed to buy SIG Combibloc Group (SIG) for €3.75bn ($4.66bn), with the transaction expected to close in the first quarter of 2015.

US SVP cleared by European Commission to buy Linpac

The European Commission has approved, under the EU Merger Regulation, the acquisition of Linpac Packaging (Linpac) by Strategic Value Partners (SVP).

AkzoNobel starts $66m fraud investigation

AkzoNobel has launched an investigation after it discovered a €53m ($66m) fraudulent claim relating to an external party.

Sonoco focuses on European expansion after $360m WPG acquisition

Sonoco has completed its $360m acquisition of Weidenhammer Packaging Group (WPG), a European provider of composite cans, drums and rigid plastic containers.

Firm to invest in India to meet demand for extruded aluminium packaging

Ball saw weaker than expected can sales after the Brazil World Cup

Ball Corporation has released its financial results for the third quarter of 2013, with weaker than expected customer demand for its beverage cans in Brazil following the World Cup.

Firm will commit a larger share of capital to shareholders in 2015

O-I North America sales drop 3% after decline in major domestic beer brands

Owens-Illinois (O-I) has released its financial results for the third quarter ending September 30, 2014, noting volume sales in North America fell 3%, primarily due to continued declines in the...

Merger case opened after ‘suspected infringement of the rules’

European Commission to close proceedings against Ahlstrom and Munksjö

The European Commission has decided to close proceedings against Ahlstrom Corporation, Munksjö Oyj and Munksjö.

News in brief

Multisorb Technologies partners with New York private equity firm

The senior management of Multisorb Technologies has partnered with Summer Street Capital Partners, a private equity firm based in New York.

Sonoco battles with flexibles material issue

Sonoco has reported $3m in negative productivity from flexible operations where it continues to battle with a material related issue at one facility.

EU Commission overturns Propapier ruling despite opposition from Smurfit Kappa

The European Commission has decided a German measure authorising investment to Propapier for the construction of a paper mill in Eisenhüttenstadt, Brandenburg, Germany, is in line with EU state aid...

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