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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.

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.

Enjoy Life Foods sells to Mondelez International: 'We're growing fast, but we're impatient. Now is the time to really expand distribution'

Being part of a multinational company will enable Enjoy Life Foods to significantly boost its distribution and accelerate the innovation process, chief marketing officer Joel Warady told FoodNavigator-USA after the...

Kellogg posts $293m net loss - Special K and Kashi drag down business

Kellogg’s 136% profit plunge for the fourth quarter (Q4) is disappointing and can mainly be attributed to continued poor performances in Special K and Kashi, its CEO says.

Company to launch ‘Point of Purchase’ strategy in April

Smurfit Kappa reports 2% corrugated volume growth despite ‘volatile pricing environment’

Smurfit Kappa Group (SKG) has seen 2% corrugated volume growth year-on-year in Europe despite a ‘volatile pricing environment for recycled containerboard’, as reported in its Fourth Quarter and Full Year Results 2014.

PepsiCo releases FY2014 results

Stoking up the ‘innovation engine’: PepsiCo fired up for 2015 despite global challenges

PepsiCo has met or exceeded its 2014 financial targets, and CEO Indra Nooyi says the company’s innovation pipeline is possibly its strongest ever, forecasting resilience to a volatile global macro...

Packaging machinery supplier to lower its turnover guidance for 2015

Bobst Group sees decrease in demand for special machines and complex lines

Packaging machinery manufacturer Bobst Group has lowered its turnover guidance for 2015 (from CHF1.25 to CHF1.33bn to CHF1.15 to CHF1.23bn) after the Swiss National Bank decided to discontinue the minimum...

News in brief

Klöckner Pentaplast completes €6.4m expansion

Klöckner Pentaplast has completed €6.4m expansion to increase capacity and introduce green technology at its factory in Crumlin, Wales, UK.

A canny $6.6bn deal? Ball Corp in talks to buy UK rival Rexam

US giant Ball Corporation is in talks to buy UK rival Rexam, in a £4.3bn ($6.6bn) deal that would combine two of the world’s largest beverage can manufacturers. 

Siemens to cut 7,800 jobs worldwide

As part of a plan to streamline administration and overhead functions announced in May, Siemens will cut about 7,800 jobs worldwide, including 3,300 in Germany.

Wendel acquires CSP Technologies

‘Financial investors have woken up to the attractions of packaging’

Wendel has acquired plastic packaging firm CSP Technologies (CSP) for $360m.

Huhtamäki Oyj completes $336m Positive Packaging acquisition

Huhtamaki Oyj has completed a $336m acquisition of Positive Packaging, strengthening its position in the fast-growing emerging markets.

UPDATED: Furnace rebuilds, equipment updates on tap for 2015

Ardagh Group to make up to $71m capital investments at its Indiana, US glass facility

Ardagh Group, Glass North America, will receive a tax abatement of approximately $6.1m over 10 years from the City of Winchester and a grant of $300k for local equipment purchases...

News in brief

Cardia Bioplastics to merge with Stellar Films Group

Cardia Bioplastics has signed an agreement to merge with Stellar Films Group, due for completion March 20, 2015.

Goal: Help small operations comply with FSMA

Competitive grants on tap to fund food safety training for small businesses

Having identified a need to provide food safety training to small food processors and farm owners, two US federal agencies have announced they will collaboratively administer a competitive grant program...

Vidrala acquires Encirc (formerly Quinn Glass) for $476m

Encirc: 'No job losses and contracts with Diageo and Britvic continue as normal'

Vidrala, through its subsidiary Inverbeira Sociedad de Promoción de Empresas, has acquired Encirc (formerly Quinn Glass) whose clients include Diageo and Britvic, for €408.6m ($476m).

News in brief

Enact buys Excelsior flexible packaging firm

SME fund, Enact has made a six-figure investment in flexible packaging company Excelsior which specialises in gravure print for the food, confectionery and medical sectors.

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