Ecolab said it has completed the US$8.3bn (€6.4bn) takeover of Nalco as part of a strategy to tap into global mega-trends such as food safety and the need for industry players to maximize operational efficiencies such as energy and water reductions.
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
Fonterra is initiating a two-year consultation to adopt a preferred
capital structure that could see it split in two and listing on the
New Zealand Stock Exchange, to better take advantage
of growth opportunities.
Norwegian fish oil producer EPAX is to be acquired by compatriot
Austevoll Seafood - a move that will give it a vertically
integrated supply from fishing to omega-3 oil supply and avoid
potential sourcing problems for the future.
The owners of Britain's RHM, Doughty Hanson, have begun preparing
the food group for a stock market flotation later this year after
implementing pension reforms and cutting away dead wood, says a
report in the UK's Financial...
British food group RHM has confirmed it is in advanced talks to
sell its Golden West bakery, ending a troublesome supplier
relationship with fast-food giant McDonald's and streamlining the
company's focus in preparation...
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such...
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.
Graphic Packaging International yesterday said that its
shareholders have approved the proposed merger with Riverwood
Holdings, to form a global paperboard packaging company with
estimated annual sales of $2.2 billion (€1.94bn).
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
Graham Packaging, which postponed last year's initial public
offering because of weak market conditions, has reformulated the
offering, cutting the size by 22 per cent and raising the estimated
Bunge has announced that it has completed its previously announced
acquisition of an approximately 55 per cent controlling stake in
Cereol, a leading oilseed processor and unit of Edison, for €449.2
AN SA packaging group, with a turnover of R18 billion (€1.78bn) a
year, is due to emerge from the Nampak-Malbak merger, which crossed
its last major hurdle yesterday when Malbak shareholders approved
the R1.97bn transaction.
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...
The latest twist in the on-going sale of Irish packaging company
Jefferson Smurfit is that private equity firm Texas Pacific has
confirmed that it is considering a counter bid for the group -
according to a report in the Independent.
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.