acquisition
Exclusive: Ball/Rexam merger interview
CanTech talks to Erik Bouts, COO of global metal packaging at Ball, about the ongoing merger and its effects on the industry.
Sun Chemical acquires shares of European ink supplier
Sun Chemical Group Coöperatief UA has purchased the remaining shares held by the Druckfarben Hellas Group in its South Eastern Europe region joint venture companies.
Trading update from Ball
Ball has released a trading update for Q1 2015. Highlights from the update include: • First quarter comparable earnings per diluted share of 69 cents vs. 81 cents in 2014, including 7 cents per diluted share for unfavorable currency effects in the quarter • Multiple growth capital projects underway to benefit 2016 and beyond • […]
Rexam issues trading update
Rexam has issued a trading update for the period from 1 January 2015. Results for the Group are in line with the company’s plans. • Overall global beverage can volumes were up 5% (3.5% excluding the acquisition of UAC) in the first quarter • Volumes in Europe were strong driven by good growth in energy […]
Massilly Group acquires Linar
The Massilly Group has announced the acquisition of Russia-based Linar from the Lindal Group. The acquisition of Linar will increase the size of Massilly’s aerosols industrial footprint and enable a closer relationship with its customers. Linar, founded in 2002, serves the cosmetics and industrial markets. It is currently operating two tinplate aerosol lines from Nevinnomyssk, […]
Stiff competition
When BAA, the British Airports Authority, was deemed to have a monopoly on the UKs airports the Competition Commission stepped in, conducted a full review of the situation, and then promptly ordered it to sell off three facilities to rival companies – two of which were in the London area. If you translate the information […]
Rexam announces 2014 full year results
Rexam has announced its trading results for the full year 2014. Highlights include: • Beverage can volumes up 4% • Underlying organic operating profit up 2% • Underlying earnings per share up 5% • Return on capital employed 14.9% (2013: 15.5%) • Strong free cash flow from continuing operations of £225m • Final dividend of […]
Crown announces acquisition of Empaque
Crown Holdings has announced that Mexico’s Federal Competition Commission has approved its acquisition of Empaque, a Mexican manufacturer of aluminium cans and ends, bottle caps and glass bottles for the beverage industry, from Heineken N.V. The parties expect to close the transaction shortly. Empaque, headquartered in Monterrey, Mexico, currently operates two beverage can plants, a […]
Ball acquires Sonoco’s Ohio facilities
Ball Corporation has completed its acquisition of Sonoco’s metal end and closure facilities in Canton, Ohio. The Canton plants employ approximately 100 people and produce multiple-sized closures for the food can market. They will become part of Ball’s global metal food and household products packaging division. “We are always looking for opportunities to expand into […]
Rexam acquires Arab Can Manufacturing
Following an announcement in February last year, Rexam has completed the aquisition of a 51% stake in Arab Can Manufacturing Limited (UAC). The company is to be renamed Rexam UAC. UAC makes beverage cans and can ends and is situated in Dammam, Saudi Arabia. The plant has an annual capacity of 1.8 billion cans in […]
Competition concerns over Sonoco acquisition
The Competition and Markets Authority (CMA) has found that Sonoco Products Company’s acquisition of Weidenhammer Packaging Group GmbH gives rise to a realistic prospect of a substantial lessening of competition and will be referred for an in-depth phase 2 investigation unless acceptable undertakings are offered. Sonoco and Weidenhammer both manufacture and supply composite cans for […]
Huber Packaging to purchase four Crown general lines
Huber Packaging Group will purchase Crown general line tinplate packaging locations in Switzerland (Aesch), Finland (Helsinki), Great Britain (Liverpool) and France (Rouen), as soon as the local and European consultation procedures (if applicable) and necessary formalities have been completed. The acquisition is scheduled to close by the end of the first quarter of 2015. The […]
Hulamin secures long term slab supply from Bayside
Shareholders have been advised that Isizinda Aluminium has announced the acquisition of the Bayside casthouse in Richards Bay, KwaZulu Natal, from BHP Billiton. The effective date is expected to be 1 April 2015, subject to Competition Commission approval. Isizinda (meaning Hub in isiZulu) is a strategic partnership between Bingelela Capital and Hulamin. Bingelela Capital, a […]
Sonoco acquires Weidenhammer Packaging
Sonoco has completed the acquisition of Weidenhammer Packaging Group (WPG) for €286 million (approximately $360 million). WPG produces composite cans, drums, luxury tubes and rigid plastic containers. Mr Jack Sanders, Sonoco president and chief executive officer, said: “We are extremely excited to welcome Weidenhammer’s leadership team and its 1,100 associates into the Sonoco family. The […]