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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.

Vitro to go ahead with Monterrey expansion

O-I speaks out about its $2.15bn Vitro F&B glass container acquisition

Owens-Illinois (OI) has reached a definitive agreement to acquire Vitro, the largest supplier of glass containers in Mexico, expected to close within 12 months.

News in brief

Nomad Holdings announces CEO following Iglo Foods acquisition

Nomad Holdings (Nomad) has appointed Stéfan Descheemaeker as CEO of its recently-announced acquisition of Iglo Foods Holdings (Iglo Group), which is expected to close in the second quarter of 2015.

News in brief

IMA acquires OYSTAR

Industria Macchine Automatiche (IMA Group) has acquired OYSTAR Group from private equity firm ODEWALD.  

News in brief

KapStone to acquire Victory Packaging for $615m

KapStone Paper and Packaging Corporation (KapStone) has signed an agreement to acquire Victory Packaging/Golden State Container (Victory) for $615m, expected to close in the second quarter of 2015.

Cash payment to come from Stora Enso Biomaterials capital expenditure

Montes del Plata settles €200m arbitration case

Montes del Plata, which is 50% owned by Stora Enso and Chilean company Arauco, has settled a €200m arbitration case with Andritz Pulp Technologies Punta Pereira.

News in brief

Smurfit Kappa Group to sell €42m Solidboard and Graphicboard operations

Smurfit Kappa Group has signed an agreement to sell its €42m Solidboard and Graphicboard operations in the Netherlands, Belgium and the UK to the Aurelius Group.

Flying the flag for UK enterprises

European SprayDry Technologies scoops Queen's Award for outstanding export growth

European SprayDry Technologies has received the Queen's Award for Enterprise for achieving 2,375% growth in export earnings over the last three years.

Brands include Birds Eye and Findus

Nomad to acquire Iglo Group frozen foods for €2.6bn

Nomad Holdings (Nomad) is to acquire Iglo Foods Holdings (Iglo Group) for €2.6bn, changing its name to Nomad Foods and is looking to appoint a CEO ‘in the near future’.

‘We must not rest on our laurels’

GEA revenue growth for 2015 overshadowed by 1,450 job cuts

GEA said it expects to achieve a moderate organic growth in revenue and an operating EBITDA of between €580 and €620m in the current fiscal year 2015, but its growth...

News in brief

Kuraray completes acquisition of Plantic

Kuraray has acquired all the shares of Plantic Technologies (Plantic), manufacturer of bio-based barrier materials.

Smurfit Kappa to acquire Inspirepac and Beacon Packaging

Smurfit Kappa UK (SKUK) is to acquire Inspirepac and the majority shareholding of Beacon Packaging.

Automation & Controls special newsletter

Spiroflow Holdings plans to become one of the Top 50 worldwide system integrators in two years

Spiroflow Holdings has acquired Food Control Solutions, and says it plans to become one of the top 50 worldwide system integrators in two years.

Tetra Pak 2014 financial results

Tetra Pak challenges: Losing market share on ambient white milk to NSS & increased competition from the plastics industry

Tetra Pak has released its financial results for 2014 with €10.9bn net sales, up 1.7% from 2013, with strong growth in Capital Equipment and Technical Sales.

EXCLUSIVE: Novipax speaks out about its Sealed Air trays & absorbent pads acquisition

‘Polystyrene will remain the resin of choice for trays in meat, poultry & seafood packaging’

Atlas Holdings has launched Novipax operating company, following its acquisition of Sealed Air’s North American foam trays and absorbent pads (TAP) business.

Acquisition roundup April: Intelligent Packaging Solutions, APPE Packaging Division, Nampak

PFF Packaging Group has acquired Intelligent Packaging Solutions (IPS), which designs and manufactures packaging dairy, ice cream, salads, soups, ready meals and chilled foods.

Amcor acquires Nampak Flexibles for $22m

‘Flexibles industry is more fragmented than glass or metal packaging but there has been significant M&A activity’

Amcor has acquired Nampak Flexibles, in South Africa, for $22m.

News in brief

Huhtamaki to acquire Butterworth Paper Cups for €8m

Huhtamäki Oyj's subsidiary has entered into an agreement to acquire Butterworth Paper Cups, a privately owned paper cup and foodservice packaging manufacturer in Malaysia for €8m.

A. Schulman to ‘jumpstart growth initiative’ with $800m Citadel acquisition

A. Schulman has agreed to acquire Citadel Plastics Holdings (Citadel) for $800m, with the transaction expected to close in August 2015.

O-I acquires Bennu Glass renaming its plant O-I Kalama

Owens-Illinois (O-I) has acquired Bennu Glass, a single furnace glass plant in Kalama, Washington, US.

DS Smith ‘cements its position in Europe’ with latest acquisition

DS Smith has acquired Duropack Group (Duropack) recycled corrugated board packaging for approximately €300m ($339m), the transaction is expected to close in the second quarter of 2015.

Cantastic! Ball Corp to buy Rexam for $6.6bn

Ball Corporation has announced it is to acquire Rexam for $6.6bn (£4.3bn) ending weeks of speculation.

FoodTech feeds record segment operating profit

JBT upbeat about 2014 profit and 2015 outlook; lands Asian contracts worth $20m

JBT Corporation has announced its 4th quarter and year-end results for 2014, investor guidance for 2015, and the signing of $20m in contracts to provide liquid foods equipment to Asian food...

Nestlé profits jump despite slow growth

Nestlé missed its growth estimate for 2014 and has forecast around 5% growth for 2015 – at the low end of its previous target of 5-6%.

Campbell reorganizes its portfolio, cuts costs to drive growth

Facing tepid earnings growth and changing consumer shopping dynamics, the Campbell Soup Co. will drastically reorganize its portfolio and cut at least $200 million in costs in the next three...

Smithfield Foods announces restructure

US-based Smithfield Foods, part of WH Group, has announced it will be restructuring the company, in order to try and accelerate growth.

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