WestRock has acquired Cenveo Packaging for $105m, including six facilities in the US, Canada and Dominican Republic and strategic sourcing partnerships in Asia and the Caribbean for folded carton, shrink sleeve and lithographic laminated display packaging.
The Croatian government will invest in leading snacks and sweets producer Podravka to preserve its controlling stake, but then intends to sell its share.
Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion.
A federal judge in California has given the green light to a proposal from Diamond Foods - potentially worth $120m - to settle a class action lawsuit from investors who bought stock in the firm just before its $2.3bn mega-deal to buy Pringles went south...
ADM will put forward a third, higher bid of A$3.4bn ($3.5bn) for Australian bulk grains specialist GrainCorp after a full financial review of the company.
A number of US law firms are investigating PolyOne’s $246m takeover of Spartech Corporation after claims the board of Spartech failed to obtain the optimum value for the shares.
Packaging solutions firm Shiner International is edging closer to being delisted by the Nasdaq Stock Market, having received notice it will happen unless it lodges a request for an appeal hearing today.
Shiner International is facing delisting from the prestigious NASDAQ exchange if it fails to revive its ailing stock price which has plummeted in recent months and now sits below the minimum level demanded by the US trading body.
Ralcorp has outlined the shape of the company after it spins off its Post cereals business, four years after it bought the maker of Grape-Nuts, Raisin Bran and Honey Bunches of Oats from Kraft Foods for $1.65bn.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.
Silgan Holdings’ proposed US$1.3bn take over of Graham Packaging was under threat yesterday after a mystery bidder stepped in with a higher offer for the rigid packaging outfit.
Alfa Laval’s bid to complete the half a billion Euro takeover of Munters has taken a significant step forward after chiefs at the dehumidifier company appeared to endorse the deal.
Food and agribusiness firm Bunge has said it has entered an agreement to acquire a Brazilian sugar company with an annual crushing capacity of 15.4 million metric tons.
The New York Stock Exchange (NYSE) has notified a global food and beverage packaging supplier that it has ‘below criteria’ status for continued listing.
A lawsuit has been launched against ingredients giant Corn Products
International, alleging that one or more of its directors violated
federal securities laws by issuing false and misleading statements
to the market.
Israeli flavour firm Frutarom, with clear ambitions to become one
of the top ten flavour players, is seeking a listing on the London
Stock Exchange to raise funds for imminent acquisitions.
Number one cultures supplier Chr. Hansen is up for sale as its
major stakeholder decides to pull away from the ingredients slice
of the company to focus on the pharmaceutical unit. The move will
make the company's still growing...
Troubled food irradiation group, SureBeam has been notified by
NASDAQ officials that a NASDAQ Listing Qualifications Panel has
rescheduled its hearing to September 25 to review issues related to
the late filing of the Company's...
A class action has been filed in the US courts against food
irradiation provider SureBeam on behalf of purchasers who claim
that executive board members have been carrying out illegal stock
market trading.
Alcan has confirmed that its discussions with Pechiney on the terms
of a proposal for an increase in its offer for all of Pechiney's
securities have ended. But Alcan says it is still confident that a
deal will be eventually agreed.
Alcan has confirmed further details of the acquisition of shares in
the Flexible Packaging Division of Hydro Aluminium Deutschland,
which allow the company to expand into the European packaging
market.
Moore Corporation and Wallace Computer Services have announced a
merger agreement to form one of the largest providers of print and
labelling solutions in the world.
Reversing the recent trend towards public listing of packaging
companies, Irish flexible packaging group Clondalkin has made a
healthy recovery in recent years, proving that its delisting from
the stock exchange has worked, according...
Irish packaging group Jefferson Smurfit is set for takeover by a US
private equity group following shareholder approval of the bid
earlier this week. The acquisition comes as the company announced a
decline in pre-tx profits for the...
Alcan, the Canada-based aluminium packaging provider, has said that
it is disappointed with the S&P decision to downgrade its
rating on the S&P 500 Index.
AV Packaging, the German packaging joint venture owned by Allianz
Capital Partners and utilities group, is offering €17.78 per share
to small shareholders in fellow packaging company
Schmalbach-Lubeca, in a squeeze-out transaction,...
Irish investors have sharply criticised Jefferson Smurfit, the
Dublin-based paperboard and packaging company, for its willingness
to accept a €3.7 billion takeover bid from Madison Dearborn
Partners, the US private equity firm.
Business advisor Ernst & Young has completed the most
comprehensive study in recent years of the global packaging market,
which lends further credence to the growing number of advisors that
are heralding the industry as a safe...
The steady performance of the packaging industry during the recent
stock market turmoil is now a recognised phenomenon. Now more and
more financial advisors and analysts are recommending that a safe
bet for steady growth returns is...
Graham Packaging Company, a worldwide provider in the design,
manufacture and sale of customised blow-moulded plastic containers,
has announced that it is to sell stocks in its wholly-owned
subsidiary, GPC Capital to a maximum value...
US company Ivex Packaging Corporation has reported that its sales
for the first quarter of this year have fallen from $159.5 million
(€176.5 million) to $140.2 million. However, net income for the
quarter increased to $5.8 million,...
