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.
Peacock Engineering, based in Geneva, has acquired L&L Foods, an Anaheim, California-based business specializing in portion control packaging.
Ball Corporation says it is closing one of its oldest North American beverage packaging plants because it ‘competes against plastic, glass and metal packaging in a highly competitive market’.
Stora Enso has signed an agreement to divest its Barcelona mill, in Spain, which produces recycled-fibre based consumer board, to the private equity fund Quantum for €10m.
The Food Safety and Inspection Service (FSIS) and the Food and Drug Administration (FDA) are two of the services to receive funding in the FY2016 Agriculture Appropriations Bill in Washington,...
Bemis Company will acquire the South American rigid plastic packaging operations of Emplal Participações, a Brazilian manufacturer of plastic packaging for food and consumer applications.
Barry‐Wehmiller (BW) has agreed to acquire the Bielomatik group associated with the paper processing product line of Bielomatik Leuze, with the sale expected to be completed in the coming months....
JBT Corporation has acquired Stork Food & Dairy Systems (SFDS), a filling and sterilization solutions provider for €47m.
It has been a busy time in the food and beverage processing and packaging arena for acquisitions. Let FoodProductionDaily guide you through some of the more notable ones this week.
Kraft Foods is allegedly seeking a 75% property tax break for 10 years on a $114m investment in equipment and infrastructure at its Columbia, Missouri, US, plant, downsizing from 500 to about 350 employees.
An inquiry group of independent Competition and Markets Authority (CMA) panel members assessing the merger of Sonoco and Weidenhammer has confirmed its provisional findings, which were published in May .
Kraft Foods Group shareholders have voted to approve the previously announced merger agreement for the creation of The Kraft Heinz Company.
Duravant, an equipment manufacturer for food processing, packaging and material handling has acquired Mespack, in Barcelona, Spain.
Greiner Packaging has acquired a 51% majority in Teknik Plastik and Teknik IML from the Özata Group, in Turkey.
Austrian-based Mayr-Melnhof Packaging (MM Packaging) has made an offer to acquire the folding carton operations of Ileos, in France, owned by Oaktree Capital Management for €80m.
The South Africa Competition Commission has approved, without conditions the intermediate merger whereby Amcor Flexibles South Africa (AFSA) intends to acquire the flexible packaging business of Nampak.
The European Commission has approved Plastipak’s acquisition of APPE, under the EU Merger Regulation act.
The Canadian Competition Bureau has issued a "no action" letter and will not challenge H.J. Heinz’s merger with Kraft Foods.
Kraft shareholders will vote on a proposed acquisition of Kraft Foods Group by H.J. Heinz following a waiting period set by the Hart-Scott-Rodino (HSR) Act, which has now expired.
Saint-Gobain has been in talks with Apollo Global Management, (Apollo) to buy Verallia for €2,945m, due to close at the end of the year, subject to the approval of competition...
Nomad will take a disciplined approach to evaluating future acquisition opportunities in the consumer foods space following its acquisition of Iglo Group, according to Stefan Descheemaeker, the newly appointed CEO ...
DS Smith Group has completed its acquisition of Duropack taking ownership of 14 corrugated packaging sites, two paper mills and 18 recycling sites across nine countries.
Coveris Holdings has acquired Elldex Packaging Solutions to expand into Australasia.
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.
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.
Industria Macchine Automatiche (IMA Group) has acquired OYSTAR Group from private equity firm ODEWALD.