Market News
Bemis Sells Plants For $82 Million
07/14/10emis Co. (BMS) said it has sold two plants, fulfilling one of the Justice Department's conditions for its $1.2 billion purchase of packaging rival Alcan Packaging Foods America. Bemis sold the operations for $82 million in cash...
AMI report says European flexible packaging sector is consolidating
07/13/10Applied Market Information Ltd. estimates that the converted flexible packaging industry in Europe consumed nearly 3.6 million metric tons of substrates in 2009 and the business was worth approximately 20 billion euros ($25...
FrieslandCampina Kievit and Lacto-Misr sign agreement
07/09/10FrieslandCampina Kievit and Lacto-Misr of Egypt have signed a collaborative agreement for the production of creamers. Lacto-Misr is to produce creamers for tea and coffee for FrieslandCampina Kievit. The international...
Kraft Foods to sell Cadbury Romania business
07/08/10Kraft Foods has announced it has signed an agreement to sell Cadbury’s Kandia-Excelent chocolate, soft cake and sugar confectionery business in Romania to Oryxa Capital, an international investment fund, for an undisclosed sum....
Rio Tinto sells last pieces of Alcan Packaging to Amcor and Sun Capital
07/07/10The beauty packaging arm of Alcan has been bought by investment firm Sun European Partners three years after it was taken on by Rio Tinto. The mining corporation’s desire to sell off the packaging sectors of the Alcan business...