1:13 min Markets and Management, Management
Clariant/SABIC: Suspended negotiations

Clariant to focus on its core high value specialty businesses

Due to the current market conditions, Clariant and SABIC decided to temporarily suspend the negotiations regarding the intended formation of the Business Area High Performance Materials The decision was taken to safeguard the best interests of the respective shareholders of both ...
1:40 min Markets and Management, Management
Acquisition

Paccor acquired EDV Packaging Solutions, S.A.

PACCOR has acquired the majority stake in EDV Packaging Solutions, one of the leading manufacturers of rigid barrier packaging for the food industry worldwide. EDV outpaces the competition in delivering products which require greater protection against oxygen migration and coffee ...
2:37 min Markets and Management
Facts & Figures

High costs and unfavourable product mix impact profitability at Krones in first half of 2019

Revenue, at €1,889.3 million, is 5.5% higher than in the previous year. Adjusted for acquisitions and currency effects, the growth figure is 1.8%. Order intake is up 1.2% to €2,038.6 million. High costs and unfavourable product mix impact profitability. EBT is down 57.5% to €47.9 ...
0:13 min Markets and Management, Management
Management

CFO Michael Andersen leaves Krones AG

Ad-hoc disclosure – CFO Michael Andersen leaves the Executive Board of Krones AG with immediate effect by mutual agreement.
1:16 min Markets and Management, Management
Transaction

Anheuser-Busch InBev agrees to sell Carlton & United Breweries to Asahi Group Holdings, Ltd. and continues to evaluate a potential IPO of Budweiser APAC

Anheuser-Busch InBev has agreed to divest Carlton & United Breweries, its Australian subsidiary, to Asahi Group Holdings, Ltd. for 16.0 billion AUD, equivalent to approximately 11.3 billion USD, in enterprise value The transaction represents an implied multiple of 14.9x 2018 ...
1:25 min Markets and Management, Management
Acquisition

Sidel acquires COMEP, further establishing their moulds and tooling offering

On July 18, Sidel announced the acquisition of Cognac Moules Emballages Plastiques ...
0:55 min Markets and Management, Facts & Figures
Anniversary

PET Engineering celebrates its 20th Anniversary in the business of PET packaging

PET Engineering celebrates its first 20 years of activity even if its history began ...
0:53 min Markets and Management, Management
Management

SACMI Group: Giulio Mengoli is the new General Manager

Mengoli spent 5 years with General Electric and was 15 years at the top levels of ...
0:56 min Markets and Management
New PET line

PET polymer producer NEO Group adds a 3rd production line, with BKG® pelletizers running smoothly after 12 years in storage

Now Europe’s 2nd-largest PET supplier, NEO Group installed 4 BKG® pelletizers, gear ...
2:00 min Markets and Management, Management
Agreement

Sale of Bosch Packaging Technology: CVC Capital Partners and Bosch reach an agreement

CVC Capital Partners selected for its growth strategy for Packaging Technology and ...