Business news
AkzoNobel to take control of Metlac Group
AkzoNobel, a leading supplier of internal and external coatings and inks for the metal packaging industry, is set to buy the remaining shares of Italian based packaging coatings producer Metlac.
Baxters cleared to buy Fray Bentos
Scottish food group Baxters has been cleared to complete the acquisition of the canned food brand Fray Bentos from Princes after receiving approval from the Office of Fair Trading (OFT).
Ardagh Group buys Boxal
Ardagh Group has announced that it has agreed to acquire the Boxal group of companies from Exal Corporation in a deal worth around €85 million.
Toyo Seikan completes acquisition of Stolle
Japanese can maker Toyo Seikan Kaisha has completed the $775 million acquisition of can making machinery supplier Stolle Machinery Company. The deal was completed on Friday (4 November).
Ball expands graphics centre
Leading can maker Ball Corporation has expanded its Graphics Centre of Excellence (GCOE) in Westminster, Colorado, US. The expansion was officially opened on Tuesday (11 October).
Ball buys out remaining shares of joint venture
Ball Corporation has acquired the remaining 60 per cent share of a joint-venture beverage can making plant that it operates in Qingdao, China. Ball has owned 40 per cent of the plant since 1993.
Production of aluminium aerosol cans set to increase
Worldwide production of aluminium aerosol cans is expected to increase this year, breaking last year’s record of about six billion units.
Toyo Seikan to acquire Stolle Machinery Company
Japanese can maker Toyo Seikan Kaisha is set to buy Stolle Machinery Company for approximately US$775 million (59.7 billion yen).
MP visits British can making plant
British Member of Parliament Mark Lancaster recently visited Rexam Beverage Can’s Milton Keynes plant to gain an insight into can making first hand. The plant visit allowed Mr Lancaster, who is the MP for Milton Keynes North, the opportunity to gain a better understanding of both the workings of the plant itself and Rexam as a company.
Novelis reports strong results
Novelis, the world’s leading producer of aluminium rolled products, has reported strong results in the quarter up to the end of June. Higher shipments, conversion premiums and metal prices lifted sales in the quarter, the first of fiscal 2012, to $3.1 billion, up by 23% compared with the same period last year.
European demand drives Rexam’s results
Rexam is considering options for capital expenditure opportunities in both Finland and Russia following the release of the company’s half-year results. The company reported a 19% increase in underlying pre-tax profits to £236m for the first half of 2011.
Business news, Can & end making, Filling, Metal decorating, Sustainability
Princes expands canned food operations
UK-based Princes has completed the acquisition of Premier Foods’ East Anglian canning operations. The acquisition includes two major UK canning sites at Long Sutton and Wisbech in East Anglia, along with a number of brands including Crosse & Blackwell, Farrow’s and Smedley’s.
Silgan loses out in bid to buy company
Can maker Silgan has lost out in its bid to buy Graham Packaging after New Zealand’s Reynolds Group bettered its offer. Earlier this month, Graham informed Silgan that it had “received an unsolicited proposal from a private non-investment grade company to acquire all of the shares of Graham Packaging for $25 per share in cash”.
Ball reports strong first quarter results
US based Ball Corporation has seen a dramatic increase in packaging sales in the first quarter of 2011. Sales, including Ball’s aerospace business, increased to US$2.01 billion comapred with the same quarter of 2010, at $1.82bn.
Business news, Can & end making, Metal decorating, Sustainability