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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.

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...

News in brief

Stora Enso to divest Corenso renewable packaging division

Stora Enso has signed an agreement to divest its Corenso business operations to the Finnish packaging materials company Powerflute Oyj. 

Oak Hill to buy Berlin Packaging for $1.43bn

Oak Hill Capital Partners (Oak Hill), a private equity firm will acquire Berlin Packaging for $1.43bn.

Graphic Packaging $41.5m machinery upgrade

Graphic Packaging will spend $41.5m on upgrading its production machinery at West Monroe paper mill, Louisiana, US.

Deal will increase Sonoco's net sales in Europe to 21% of total sales

Sonoco to acquire Weidenhammer Packaging Group for $383m

Sonoco has signed a definitive agreement to acquire Weidenhammer Packaging Group for €286m ($383m) in cash.

Coveris acquires Learoyd Packaging for undisclosed sum

Coveris has acquired Learoyd Packaging, a print specialist supplying flexible packaging to supermarkets, own brand labels, food manufacturers and retailers.

‘Outlook for the 2014/15 year is for higher earnings’

Amcor profit after tax up 24.6%

Amcor will continue to expand its portfolio following its Flexible Packaging acquisitions in China, Australia, Indonesia and India.

Uflex sales up 9% as it invests $300m in next three years

Uflex flexible packaging company in India, which works with Pepsi, Wrigley and Nestle, has recorded a 9% increase in sales on the Bombay Stock Exchange (BSE) and is listed on...

Guest article

Corporate v decentralized procurement

The food and beverage industry today is faced with the question of whether corporate procurement is more effective than decentralized procurement. While its challenges set it apart from other industries,...

Ardagh on track to complete US IPO in 2015

Ardagh Group looks set to proceed with its long-awaited stock market launch in the second half of next year, according to Moody’s Investor Service.

News in brief

JBT FoodTech completes Stork ICS acquisition

JBT FoodTech has completed the acquisition of Stork ICS’s hydrostatic sterilizer technology.

Sonoco reveals Consumer Packaging segment margin impacts

Consumer Packaging operating profits suffered in the quarter but some solid growth was achieved, according to Sonoco.  

News in brief

Huhtamaki may sell firms business to focus on food packaging

Huhtamaki is evaluating the divestment of its films business segment as it focuses on food packaging.

Huhtamaki Positive Packaging deal will target Africa and UAE

Huhtamaki will acquire Positive Packaging for $336m, with the sale expected to be complete by September.

News in brief

Graphic Packaging completes Mondi Group sale

Graphic Packaging Holding Company and its wholly owned subsidiary Graphic Packaging International has completed the sale of its Multi-wall Bag business to Mondi Group. 

News in brief

Toppan jumps on barrier films growth

Toppan Printing is to build a transparent barrier film production plant in Georgia, USA with start-up expected in March 2016.

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Stora Enso acquires US-based biotech company

Stora Enso has acquired 100% of the shares of the US-based company Virdia, a developer of extraction and separation technologies for conversion of cellulosic biomass into refined sugars and lignin.

News in brief

Trellis Earth Products to acquire Cereplast assets

Trellis Earth Products is set to acquire all of Cereplast's assets for $2.6m, including its former Seymour bioplastics factory.  

FTC approves final order settling Ardagh Saint-Gobain acquisition

The FTC (Federal Trade Commission) has made a final order to approve Ardagh’s proposed acquisition of Saint-Gobain after the company sold off six glass plants and related assets.

Coveris and St. Neots to launch food-to-go packaging following acquisition

Coveris will launch a FMCG cartonboard and food-to-go packaging product range once its acquisition of St Neots packaging is complete.