Breaking News on Food and Beverage Processing and PackagingWorldUSEurope

News > Financial

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.

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.

News in brief

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.

Bankrupted Constar to rise from the ashes

UTB Industry has taken over Constar, which was declared bankrupt in May and will relaunch it as part of the UTB Group.

DS Smith axes jobs after £100m investment

DS Smith plans to make 54 redundancies across two plants in the UK as it installs a corrugator machine as part of a £100m investment programme, which will be fully...

News in brief

Graphic Packaging sells Multi-wall Bag business to Mondi Group

Graphic Packaging Holding Company and its wholly owned subsidiary Graphic Packaging International, have entered into a definitive agreement to sell their Multi-wall Bag business to Mondi Group. 

News in brief

Greif's Q2 hit by Turkish trouble

Greif’s Q2 financial results have been negatively impacted due to the occupation of a flexible products manufacturing facility in Hadimkoy, Turkey.

News in brief

Unilever sells Ragu and Bertolli brands for $2.15bn

Unilever will sell its North America pasta sauces business under the Ragu and Bertolli brands to Mizkan Group for approximately $2.15 bn.

News in brief

Haidlmair acquires remainder of MMS from Greiner Packaging

Haidlmair is acquiring an additional 50% share in Mould & Matic Solutions (MMS) from Greiner Packaging International to become the sole owner of the company.

Breaking News

$1.6bn Mauser Group acquisition

Private equity firm Clayton, Dubilier & Rice will buy Mauser Group for $1.6bn.

News in brief

Amcor boosts flexible packaging in Indonesia

Amcor has acquired Bella Prima Packaging, an Indonesian flexible packaging business, for A$27m.

RPC to acquire ACE in China

RPC Group will acquire ACE Corporation Holdings Limited for $301m, with the deal expected to be complete by June 2014.

Breaking News

tna acquires FOODesign

tna has acquired FOODesign, which makes fryers and cookers, including kettle batch fryers, baking and toasting ovens, and specialty roasting equipment for food processing plants, based in Oregon, US.

KPS to buy Anchor Glass from Ardagh Group

KPS Capital Partners (KPS) will acquire Anchor Glass Container Corporation and its affiliates (Anchor Glass) from Ardagh Holdings USA. 

Ardagh Group to sell six plants to settle $1.7bn FTC charges

Ardagh Group has agreed to sell six of its nine glass container manufacturing plants in the US to settle Federal Trade Commission (FTC) charges that its $1.7bn proposed acquisition of...

Interfood: Post-credit crunch still affects food firms

Interfood says the post credit-crunch and the tightening of banks’ lending money to companies looking to invest and grow is still a problem for many companies.

Graphic Packaging aggressive growth plan

The UK Office of Fair Trading (OFT) has closed submissions regarding any concerns in relation to Graphic Packaging Holding Company and its acquisition of Benson Group.