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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.

News in brief

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.

News in brief

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.

News in brief

Canadian Competition Bureau approves H.J. Heinz Kraft Foods Group merger

The Canadian Competition Bureau has issued a "no action" letter and will not challenge H.J. Heinz’s merger with Kraft Foods.

Kraft shareholders to vote on H.J. Heinz acquisition

Kraft shareholders will vote on a proposed acquisition of Kraft Foods Group by H.J. Heinz following a waiting period set by the Hart-Scott-Rodino (HSR) Act, which has now expired.

Apollo to buy Verallia for €2,945m from Saint-Gobain

‘There has been some substitution into rigid plastics and stand-up pouches but glass remains a premium product for luxury goods such as beverages’

Saint-Gobain has been in talks with Apollo Global Management, (Apollo) to buy Verallia for €2,945m, due to close at the end of the year, subject to the approval of competition...

Nomad Foods CEO speaks out after Iglo Group acquisition but refuses to discuss Findus deal

‘Nomad will take a disciplined approach to M&A paving its way into the chilled and ambient food sector’

Nomad will take a disciplined approach to evaluating future acquisition opportunities in the consumer foods space following its acquisition of Iglo Group, according to Stefan Descheemaeker, the newly appointed CEO ...

DS Smith completes Duropack acquisition

DS Smith Group has completed its acquisition of Duropack taking ownership of 14 corrugated packaging sites, two paper mills and 18 recycling sites across nine countries.

News in brief

Coveris expands into Australasia with acquisition

Coveris Holdings has acquired Elldex Packaging Solutions to expand into Australasia.

Vitro to go ahead with Monterrey expansion

O-I speaks out about its $2.15bn Vitro F&B glass container acquisition

Owens-Illinois (OI) has reached a definitive agreement to acquire Vitro, the largest supplier of glass containers in Mexico, expected to close within 12 months.

News in brief

Nomad Holdings announces CEO following Iglo Foods acquisition

Nomad Holdings (Nomad) has appointed Stéfan Descheemaeker as CEO of its recently-announced acquisition of Iglo Foods Holdings (Iglo Group), which is expected to close in the second quarter of 2015.

News in brief

IMA acquires OYSTAR

Industria Macchine Automatiche (IMA Group) has acquired OYSTAR Group from private equity firm ODEWALD.  

News in brief

KapStone to acquire Victory Packaging for $615m

KapStone Paper and Packaging Corporation (KapStone) has signed an agreement to acquire Victory Packaging/Golden State Container (Victory) for $615m, expected to close in the second quarter of 2015.

Cash payment to come from Stora Enso Biomaterials capital expenditure

Montes del Plata settles €200m arbitration case

Montes del Plata, which is 50% owned by Stora Enso and Chilean company Arauco, has settled a €200m arbitration case with Andritz Pulp Technologies Punta Pereira.

News in brief

Smurfit Kappa Group to sell €42m Solidboard and Graphicboard operations

Smurfit Kappa Group has signed an agreement to sell its €42m Solidboard and Graphicboard operations in the Netherlands, Belgium and the UK to the Aurelius Group.

Flying the flag for UK enterprises

European SprayDry Technologies scoops Queen's Award for outstanding export growth

European SprayDry Technologies has received the Queen's Award for Enterprise for achieving 2,375% growth in export earnings over the last three years.

Brands include Birds Eye and Findus

Nomad to acquire Iglo Group frozen foods for €2.6bn

Nomad Holdings (Nomad) is to acquire Iglo Foods Holdings (Iglo Group) for €2.6bn, changing its name to Nomad Foods and is looking to appoint a CEO ‘in the near future’.

‘We must not rest on our laurels’

GEA revenue growth for 2015 overshadowed by 1,450 job cuts

GEA said it expects to achieve a moderate organic growth in revenue and an operating EBITDA of between €580 and €620m in the current fiscal year 2015, but its growth...

News in brief

Kuraray completes acquisition of Plantic

Kuraray has acquired all the shares of Plantic Technologies (Plantic), manufacturer of bio-based barrier materials.

Smurfit Kappa to acquire Inspirepac and Beacon Packaging

Smurfit Kappa UK (SKUK) is to acquire Inspirepac and the majority shareholding of Beacon Packaging.

Automation & Controls special newsletter

Spiroflow Holdings plans to become one of the Top 50 worldwide system integrators in two years

Spiroflow Holdings has acquired Food Control Solutions, and says it plans to become one of the top 50 worldwide system integrators in two years.

Tetra Pak 2014 financial results

Tetra Pak challenges: Losing market share on ambient white milk to NSS & increased competition from the plastics industry

Tetra Pak has released its financial results for 2014 with €10.9bn net sales, up 1.7% from 2013, with strong growth in Capital Equipment and Technical Sales.

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