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Finance  the process of acquiring funds


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.

‘Most likely the assets will end up with a private equity fund’

Ball hires Goldman Sachs to sell 11 plants to appease EU antitrust regulators over Rexam deal

Ball has offered to sell more than $1.58bn worth of assets to appease EU antitrust regulators for its $6.69bn acquisition of Rexam.

News in brief

BillerudKorsnäs signs €31m loan agreement for its R&D programme

Nordic Investment Bank (NIB) has signed a €31m loan agreement with BillerudKorsnäs to fund its research and development (R&D) programme in 2015-2019.

Barry Callebaut to expand its European Specialties business

Barry Callebaut plans to expand its European Specialties business, by acquiring the commercial vending activities of FrieslandCampina Kievit.

News in brief

Amcor boosts preform manufacturing capability

Amcor Rigid Plastics USA has snapped up the manufacturing assets and intellectual property of Eco-Groupe, Inc.

Crown: The opportunities for can growth in China are tremendous – the issue is capacity and pricing

The opportunities for can growth are tremendous in China, according to Tim Donahue,president, COO, Crown Holdings, but ‘the issue there is capacity and pricing’.

Crown Packaging in Neath, Wales, to close

Crown Holdings discusses four plant closures in Q3 2015 results

Crown Holdings announced the closure of two North American food can plants, in Baltimore, Maryland and Chatham, Ontario, in Q3 2015 and as part of the company’s restructure it is...

Merger round up: Amcor, Sidel, Bosch, Kliklok-Woodman

Amcor, Sidel, Bosch, Kliklok-Woodman and Adept are some of the companies in FoodProductionDaily's round-up of mergers and acquisitions this month.

News in brief

IFC signs advisory services agreement with Stora Enso Lao

IFC, a member of the World Bank Group, has signed an advisory services agreement with Stora Enso Lao Co. to help the company improve its social risk management in Lao...

DS Smith to further grow in geographic scale and quality of service in addition to its recent acquisitions

DS Smith says it has a clear vision of further growing the business both on a geographic scale and quality of service, according to Miles Roberts, CEO.

ECMA Congress 2015, Bucharest, Romania

‘What is the attraction for investors in carton packaging companies?’

The carton industry is fragmented and there is a high probability it will evolve through acquisition, according to Nick Mockett, head of Packaging M&A, Moorgate Capital.    

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Davis-Standard acquires Gloucester Engineering

Davis-Standard has acquired Gloucester Engineering to strengthen its blown film offering.

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).

News in brief

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.

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