Breaking News on Food and Beverage Processing and PackagingWorldUSEurope

News > Financial

KPS to buy Anchor Glass from Ardagh Group

KPS Capital Partners (KPS) will acquire Anchor Glass Container Corporation and its affiliates (Anchor Glass) from Ardagh Holdings USA. 

Ardagh Group to sell six plants to settle $1.7bn FTC charges

Ardagh Group has agreed to sell six of its nine glass container manufacturing plants in the US to settle Federal Trade Commission (FTC) charges that its $1.7bn proposed acquisition of...

Interfood: Post-credit crunch still affects food firms

Interfood says the post credit-crunch and the tightening of banks’ lending money to companies looking to invest and grow is still a problem for many companies.

Graphic Packaging aggressive growth plan

The UK Office of Fair Trading (OFT) has closed submissions regarding any concerns in relation to Graphic Packaging Holding Company and its acquisition of Benson Group.

Grundfos celebrates its 50th anniversary this year

Grundfos Pumps saves Birds Eye £9k a year

Grundfos, which works with Nestlé, Coca-Cola and Molson Coors, has replaced three pumps at Birds Eye Foods saving 107,835kWh, which equates to £9,705 savings a year.

Thiele Technologies buys Symach in global expansion

Thiele Technologies has acquired Symach palletizers in The Netherlands.

Firm will invest $60m in the mill over the next three years

RockTenn buys $343m paper mill

RockTenn will acquire Simpson Tacoma Kraft Paper Mill for approximately $343m, which is part of Simpson Lumber Company in Tacoma, Washington, US.

Bemis to close $45m US plant

Bemis Company will close one of its Pressure Sensitive Materials plants in Ohio, US, in May, axing 115 jobs.

News in brief

Bunzl expands Czech Republic presence

Bunzl has made two acquisitions including a packaging supplier in the Czech Republic.

EU Commission delays Crown Holdings Mivisa takeover

The EU Commission has delayed the deadline for Crown Holdings acquisition of Mivisa, from February 28 to March 14, according to reports in the Official journal for the European Union.

Graphic Packaging Holding CEO sells $1m shares

Graphic Packaging Holding CEO David Scheible has sold 150,000 shares of his stock in an open market transaction.

ACCC will not oppose Detmold Group deal

Amcor acquisition gets green light

The Australian Competition and Consumer Commission (ACCC) will not oppose the proposed acquisition by Amcor of Detmold Group’s Australian flexible packaging operation.

Graphic Packaging buys Benson Group for $165m

Graphic Packaging Holding Company has announced its European subsidiary will buy Benson Group, a food and healthcare packaging company in the UK for $165m.

Composite cans and IML plastic containers expansion

WPG calls off planned acquisition

Weidenhammer Packaging Group’s (WPG) planned acquisition of A&R Carton Lund and Flextrus has been called-off.

Plastipak Packaging wins Constar auction

News has emerged Plastipak Packaging based in Michigan, US, was the successful bidder against Amcor for Constar International Holdings (Constar).

News in brief

Amcor loses Constar bid

Amcor has announced it was not successful in acquiring the North American assets of Constar International Holdings (Constar).

Operational efficiency month

Borealis gets €150m loan for polymer development

Borealis has received a €150m loan for further research and development (R&D) in polymer development.

MWV Rigesa launches HyPerform in Brazil

MWV Rigesa has launched HyPerform, a next generation of kraftliner and fluting papers which offers lighter and stronger materials for corrugated packaging.

News in brief

InterFlex Group acquires Star Packaging

The InterFlex Group has acquired Star Packaging Corporation, a flexible packaging converter with markets in the North American bakery, chemicals and snack food sector.

Ardagh proceeds with Verallia deal after FTC dispute

Ardagh claims it will proceed with its acquisition of Verallia North America (VNA) after negotiating a settlement with the US Federal Trade Commission (FTC).

RPC Superfos cluster to expand into Balkans

RPC Group acquires Helioplast

RPC Group, Europe’s supplier of rigid plastic packaging has acquired Helioplast from existing debt facilities.

News in brief

Weener plastics packaging New Year acquisition

The Weener group, a German based global corporation, has acquired the remaining shares of the Mumbai headquartered Weener Empire Plastics (WEPL) for an undisclosed sum.

News in brief

Siemens Industry wins €1m training order

Siemens Industry has won its biggest ever order for training services for €1m from the Industry and Education Ministry of the Indian State of Gujarat.

News in brief

Alfa Laval wins $15m starch processing deal

Alfa Laval has won a SEK 100m ($15m) order to supply equipment to a Russian processing plant, to be completed in 2014.

DS Smith 52% rise on profit before tax

DS Smith has seen an overall rise of 52% on its profit before tax, announced in its 2013/14 half year results.

Key Industry Events

 

Access all events listing

Our events, Events from partners...

On demand Supplier Webinars

High Pressure Processing for Beverages
Avure Technologies
Bottling solution for Liquid dairy products
GEA Process Engineering Inc.
All supplier webinars