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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.

‘Uncertainty over successful execution sale’ of Saint-Gobain’s Verallia France

Moody's Investors Service in New York has spoken out about Saint-Gobain’s sale of Verallia France and its plans to acquire a controlling interest in Sika, to be finalized in the...

Ardagh responds to Saint-Gobain plans to sell Verallia France

Saint-Gobain is looking to sell Verallia France glass packaging company after selling Verallia North America to Ardagh.

December: Around the world in packaging acquisitions

In this month’s round-up of global packaging acquisitions FoodProductionDaily looks at CCL Industries, specialty label and packaging; Storopack; Cambridge Engineered Solutions; Cardia Bioplastics and more.

News in brief

Stora Enso completes €102m Corenso divestment

Stora Enso has completed a €102m divestment of its Corenso business operations to the Finnish packaging materials company Powerflute Oyj.

RPC Group to expand in China & India following €386m Promens acquisition

RPC Group will acquire Promens Group (Promens) for €386m (£307m), with the deal expected to close at the end of March 2015.

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Petainer speaks out after failed bid to acquire APPE

Petainer has spoken out about its growth ambitions after being named the ‘reserve’ bidder on the purchase of APPE Packaging Division, owned by La Seda de Barcelona Group, losing out...

Europe Glass EBITDA for the quarter decreased by 1%

Ardagh third quarter results sees ‘sluggish’ beer category

Ardagh Group has released its 2014 third quarter results reporting revenue of €1,311, an increase of 16% compared to 2013, claiming growth in other market sectors ‘offset continued sluggishness in the beer sector’.

News in brief

Huhtamaki to sell its Films business for €141m

Huhtamaki has entered into an agreement to sell its Films business to DBAG Fund VI, a fund advised by German private equity company Deutsche Beteiligungs (DBAG), expected to be finalized...

BREAKING NEWS: Onex to acquire SIG Combibloc Group for $4.66bn

Onex Corporation (Onex) has agreed to buy SIG Combibloc Group (SIG) for €3.75bn ($4.66bn), with the transaction expected to close in the first quarter of 2015.

US SVP cleared by European Commission to buy Linpac

The European Commission has approved, under the EU Merger Regulation, the acquisition of Linpac Packaging (Linpac) by Strategic Value Partners (SVP).

AkzoNobel starts $66m fraud investigation

AkzoNobel has launched an investigation after it discovered a €53m ($66m) fraudulent claim relating to an external party.

Sonoco focuses on European expansion after $360m WPG acquisition

Sonoco has completed its $360m acquisition of Weidenhammer Packaging Group (WPG), a European provider of composite cans, drums and rigid plastic containers.

Firm to invest in India to meet demand for extruded aluminium packaging

Ball saw weaker than expected can sales after the Brazil World Cup

Ball Corporation has released its financial results for the third quarter of 2013, with weaker than expected customer demand for its beverage cans in Brazil following the World Cup.

Firm will commit a larger share of capital to shareholders in 2015

O-I North America sales drop 3% after decline in major domestic beer brands

Owens-Illinois (O-I) has released its financial results for the third quarter ending September 30, 2014, noting volume sales in North America fell 3%, primarily due to continued declines in the...

Merger case opened after ‘suspected infringement of the rules’

European Commission to close proceedings against Ahlstrom and Munksjö

The European Commission has decided to close proceedings against Ahlstrom Corporation, Munksjö Oyj and Munksjö.

News in brief

Multisorb Technologies partners with New York private equity firm

The senior management of Multisorb Technologies has partnered with Summer Street Capital Partners, a private equity firm based in New York.

Sonoco battles with flexibles material issue

Sonoco has reported $3m in negative productivity from flexible operations where it continues to battle with a material related issue at one facility.

EU Commission overturns Propapier ruling despite opposition from Smurfit Kappa

The European Commission has decided a German measure authorising investment to Propapier for the construction of a paper mill in Eisenhüttenstadt, Brandenburg, Germany, is in line with EU state aid...

News in brief

Stora Enso to divest Corenso renewable packaging division

Stora Enso has signed an agreement to divest its Corenso business operations to the Finnish packaging materials company Powerflute Oyj. 

Oak Hill to buy Berlin Packaging for $1.43bn

Oak Hill Capital Partners (Oak Hill), a private equity firm will acquire Berlin Packaging for $1.43bn.

Graphic Packaging $41.5m machinery upgrade

Graphic Packaging will spend $41.5m on upgrading its production machinery at West Monroe paper mill, Louisiana, US.

Deal will increase Sonoco's net sales in Europe to 21% of total sales

Sonoco to acquire Weidenhammer Packaging Group for $383m

Sonoco has signed a definitive agreement to acquire Weidenhammer Packaging Group for €286m ($383m) in cash.

Coveris acquires Learoyd Packaging for undisclosed sum

Coveris has acquired Learoyd Packaging, a print specialist supplying flexible packaging to supermarkets, own brand labels, food manufacturers and retailers.

‘Outlook for the 2014/15 year is for higher earnings’

Amcor profit after tax up 24.6%

Amcor will continue to expand its portfolio following its Flexible Packaging acquisitions in China, Australia, Indonesia and India.

Uflex sales up 9% as it invests $300m in next three years

Uflex flexible packaging company in India, which works with Pepsi, Wrigley and Nestle, has recorded a 9% increase in sales on the Bombay Stock Exchange (BSE) and is listed on...

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