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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.

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...

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.