2:13 min Management

Business merger announcement: Phillips Plastics Corporation to acquire 100% of the shares of Medisize Corporation

Medisize Corporation has announced today the decision of Phillips Plastics Corporation to acquire Medisize Corporation. Phillips Plastics Corporation is a global leader in design, engineering and manufacturing for the medical, consumer, defense and automotive industries. The ...
3:70 min Facts & Figures

Petcore and EuPR publish PET collection figures for 2010 - European PET bottle collection increases by more than 6%

Blowmoulding outlets grew with more than 25% of the resulting RPET, or nearly a quarter on a million tonnes, used to produce containers in 2010. The 2010 share of fibres as an end use for recycled PET flake decreased to 39% although the overall tonnage rose slightly. The strapping ...
2:25 min Facts & Figures

Casey Container signs binding $4 million equity Funding Agreement for its PET biodegradable plastics preforms production facilities

Casey Container Corp. (OTCQB: CSEY) (OTCBB: CSEY) (www.caseycontainer.com) has signed a binding $4 million equity Funding Agreement to build biodegradable PET plastics preforms and bottling production facilities. The $4 million will be funded in tranches over a twelve-month period. ...
1:17 min Management

Rexam agrees to sell Closures for $360m

Rexam PLC, the global consumer packaging company, announces that it has agreed to sell its beverage and speciality closures business (“Closures”) to Berry Plastics for $360m in cash, subject to certain asset adjustments. Completion is expected in Q3 2011 and is conditional on ...
4:14 min Management

Graham Packaging Company to be acquired by Reynolds Group Holdings Limited

Graham Packaging Company Inc. (NYSE: GRM) today announced the signing of a definitive merger agreement, and an amendment thereto, under which Graham Packaging will be acquired by Reynolds Group Holdings Limited in an all-cash transaction for $25.50 per share, or a total of ...
1:26 min Facts & Figures

Record orders again for EREMA thanks to existing and many new customers

EREMA, the Austrian manufacturer of plastic recycling systems, ended its 2010/2011 fiscal year on 31 March this year once again with record figures: consolidated sales achieved by the EREMA Group – comprising EREMA Engineering Recycling Maschinen und Anlagen Ges.m.b.H., Ansfelden ...
1:23 min Management

DAK Americas to acquire Wellman’s U.S. PET business

DAK Americas LLC (DAK) announced that they have agreed to acquire the PET business of Wellman, Inc. (“Wellman”). Total value of the acquisition is approximately U.S. $ 185 million including a cash payment and the assumption of certain liabilities. The transaction is expected to close ...
1:59 min Management

Krones AG plans changes in its Supervisory and Executive Boards

At the AGM in Neutraubling on 15 June 2011, the agenda for the shareholders of Krones AG will include a vote on a revamped Supervisory Board. Standing for re-election are the present Supervisory Board Chairman Ernst Baumann (62), a former director of BMW AG, Norman Kronseder (48), ...
2:20 min Management

Graham Packaging Company receives proposal that would constitute superior proposal for its acquisition by Reynolds Holdings Group Limited

Graham Packaging Company Inc. (NYSE: GRM) announced today that it has received a proposal for its acquisition by Reynolds Group Holdings Limited at a price of $25 per share in cash. Reynolds intends to fully finance the payment of the purchase price through fully negotiated financing ...
6:10 min Management

Silgan advised that Graham Packaging Company receives unsolicited acquisition proposal

Silgan Holdings Inc. (Nasdaq: SLGN) announced today that Graham Packaging Company Inc. (NYSE: GRM) has informed Silgan that it has 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. ...