News
Silgan expands food can business with purchase of Vogel & Noot
Silgan Holdings, a leading supplier of food cans, has announced that it is buying Vogel & Noot Holding AG’s food can business for €250 million ($335m), subject to adjustment of the net debt and financial performance of the business.
More than 300 jobs to go in Novelis closure
More than 300 jobs will be lost after Novelis confirmed its Bridgnorth foil rolling facility would close by the end of April. The aluminium firm first revealed it was considering closing the operation in September when it launched a 90-day consultation with the 319 employees at the UK site.
Miller joins Crown’s board of directors
Crown Holdings has announced that power industry executive James Miller has been elected to the company’s board of directors. The board now has 11 members.
Red Bull celebrates F1 win with champions can
The design of the Red Bull can has been changed for the first time ever in the UK in celebration of its Formula One team’s victory in this year’s World Championship. Driver Sebastian Vettel took the driver’s title in November. He did so in the final race of the season, just a week after the team won the constructors championship.
Can-Pack to build beverage can plant in Finland
Poland based Can-Pack is set to build a beverage can plant in Finland in an effort to meet the growing needs of customers in the Baltic countries. Under the project, which is costing almost €100 million ($132.2m), 33cl and 50cl aluminium cans will be produced at the factory, which will have an annual production capacity of 1.8 billion cans.
Ball to buy Aerocan
Ball Corporation has agreed to acquire Aerocan – a manufacturer of aluminium aerosol cans, bottles and slugs – in a €221 million ($292m) deal which includes debt and other liabilities. The US can making company has signed a definitive agreement with Barclays Private Equity to acquire Aerocan, with the acquisition expected to close during the first quarter of 2011.
Ball signs wine-in-can agreement with Australian company
Ball Packaging Europe has signed an exclusive contract to manufacture and supply cans using Barokes Wines’ Vinsafe packaging process for wine in a can. Canned wines are currently experiencing double-digit growth in Europe and are becoming increasingly attractive to wine growers looking to reach younger consumers.
Ardagh Glass completes acquisition of Impress
Ardagh Glass Group has today (7 December) completed the acquisition of global metal packaging group Impress Coöperatieve U.A. for €1.7 billion ($2.2bn). Both the European and US regulatory authorities have approved the deal to create an enlarged organisation which will be known as Ardagh Group.
Crown to move European businesses to Switzerland
Can making giant Crown Holdings will establish new headquarters for its European businesses in Zug, Switzerland. The move, which will centralise all senior management in a single location from 1 January 2011, is designed to enhance communication and efficiencies.