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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.

Also: O-I completes $2.15bn deal for Vitro

Berlin buy boosts plan to double by 2017

Berlin Packaging has acquired Vivid Packaging claiming the deal makes it the largest US packaging supplier in its class.

News in brief

Microscan buys Label Vision Systems

Microscan Systems has purchased the trade and assets of Label Vision Systems (LVS).

Bunzl to acquire Meier Verpackungen packaging distributor

Bunzl has agreed to acquire Meier Verpackungen, which distributes packaging products to food processors throughout Austria.

Sonoco reveals $13.5m equipment investment

Sonoco has revealed plans to expand its Waco, Texas location by early 2016.

Is Ardagh a step closer to selling its metal-containers unit?

Ardagh Group has allegedly drawn bids from BC Partners, Carlyle Group and Onex Corp private equity firms for its €2bn metal-containers unit, according to Bloomberg.

GEA: ‘We were unable to escape the effects of a renewed decline in some of our markets’

GEA saw revenues climb 3% in its Q2 2015 financial results, compared to the previous year, but said it was ‘unable to escape the effects of a renewed decline in...

Rexam Board change as CFO takes extended leave of absence

Rexam has made a Board change following the announcement David Robbie, CFO, has been diagnosed with a serious illness.

News in brief

H.I.G. Europe sells ARM Metallizing to Nissha Printing

H.I.G. Europe (H.I.G.), the European arm of private equity firm H.I.G. Capital, has sold AR Metallizing (ARM) to Nissha Printing Co.(Nissha).

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Toray Plastics (America) wins $25,000 ‘Real jobs Rhode Island’ grant

Rhode Island Department of Labor and Training has awarded Toray Plastics (America), a $25,000 ‘Real Jobs Rhode Island’ grant to develop a leadership training program.

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Peacock Engineering acquires L&L Foods

Peacock Engineering, based in Geneva, has acquired L&L Foods, an Anaheim, California-based business specializing in portion control packaging.

‘Demand for standard 12oz can has been declining for several years’

Ball Corporation to close one of its oldest US plants as it admits: ‘We compete against plastic, glass and metal packaging in a highly competitive market’

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’.

News in brief

Stora Enso to divest its Barcelona mill for €10m

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.

US FY2016 Agriculture Appropriations Bill to support 8,000 FSIS frontline inspection personnel for meat, poultry, and egg products

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,...

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Bemis Company to acquire Emplal Participações

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 to acquire Bielomatik paper processing group

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 acquires Stork Food & Dairy Systems for €47m

JBT Corporation has acquired Stork Food & Dairy Systems (SFDS), a filling and sterilization solutions provider for €47m.

Acquisitions: Amcor, Gualapack, Constantia and Aurelius

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 refuses to discuss $114m Columbia expansion, with up to 150 job losses

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.

News in brief

CMA clears completed acquisition of Sonoco and Weidenhammer Packaging Group

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 .

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Kraft Foods Group shareholders approve Heinz merger

Kraft Foods Group shareholders have voted to approve the previously announced merger agreement for the creation of The Kraft Heinz Company.

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Duravant acquires Mespack in Spain

Duravant, an equipment manufacturer for food processing, packaging and material handling has acquired Mespack, in Barcelona, Spain.

News in brief

Greiner Packaging expands in Turkey

Greiner Packaging has acquired a 51% majority in Teknik Plastik and Teknik IML from the Özata Group, in Turkey. 

Mayr-Melnhof Packaging to acquire Ileos

‘Rapidly changing landscape as packaging suppliers build multi-national footprints’

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.

Amcor Flexibles South Africa (AFSA) to buy Nampak

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.

European Commission clears Plastipak APPE acquisition

The European Commission has approved Plastipak’s acquisition of APPE, under the EU Merger Regulation act.

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