Containers and Packaging


  • AMSTERDAM/ BRUSSELS, Sept 1- Dutch brewer Heineken has agreed to sell its Mexican packaging business Empaque to Crown for $1.23 billion including debt, shedding a non-core business it acquired when entering the Mexican market in 2010..

  • Aug 25- Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging LLC for $1.43 billion from Bahrain- based investment firm Investcorp Bank BSC. Chicago- based Berlin Packaging, founded in 1898, makes rigid plastic, glass and metal containers.

  • NEW YORK, Aug 6- TricorBraun Inc is planning a sale process that could value the provider of jars and bottles to the cosmetics, healthcare and food and drink industries at more than $1.3 billion, including debt, according to people familiar with the matter.

  • Aug 6- Apollo Global Management LLC said on Wednesday its second-quarter earnings fell 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose. Blackstone Group LP, KKR& Co LP and Carlyle Group LP all posted bumper profits for the quarter.

  • July 29- International Paper Co, the largest corrugated box maker in North America, posted a higher-than-expected profit on Tuesday, citing slowly returning demand in the United States and Europe. For the second quarter, the company posted net income of $161 million, or 37 cents per share, compared with $259 million, or 57 cents per share, a year earlier.

  • *Strike has forced Toyota, GM, Ford to halt production. CAPE TOWN, July 16- South Africa's main manufacturing union, NUMSA, said it has agreed a plan of action to intensify a three-week strike over pay that has hit car makers and construction companies.

  • GlaxoSmithKline recalls painkiller in Puerto Rico Monday, 14 Jul 2014 | 3:12 PM ET

    GLAXOSMITHKLINE RECALLS PAINKILLER IN PUERTO RICO@. July 14- GlaxoSmithKline Plc recalled about 10,600 bottles of its painkiller sold in Puerto Rico after finding the packaging was not child-resistant as required by the Poison Prevention Packaging Act.

  • Why China said no to mega shipping pact     Tuesday, 17 Jun 2014 | 11:25 PM ET

    Jonathan Windham, Head of Asia Ex-Japan Transport and Infrastructure Research at Barclays, says China rejected an alliance of three major liners in order to protect its domestic shippers.

  • NEW YORK, June 10- Buyout firm Odyssey Investment Partners LLC is exploring a sale of Ranpak Corp that could value the company, one of the world's largest producers of protective paper packaging materials, at close to $1 billion, according to people familiar with the matter.

  • *Goodpack says in talks with one party on possible transaction. *Australia's Brambles ended talks in March to buy Goodpack. HONG KONG, May 19- KKR& Co is nearing a deal to buy Singapore's Goodpack Ltd, the world's largest maker of intermediate bulk containers which has a market value of S $1.36 billion, sources with direct knowledge of the matter said.

  • NEW YORK, May 13- BWAY Corp, one of the largest makers of rigid metal and plastic containers in North America, is considering a sale that could fetch around $2 billion, less than two years after it changed private equity ownership, people familiar with the matter said on Tuesday.

  • It was the 20th of the last 22 quarters that the agency has posted a loss, the USPS said. "We're quite obviously in a deep financial hole," Joseph Corbett, USPS chief financial officer and executive vice president, told reporters in a briefing.

  • WASHINGTON, May 9- The United States Postal Service ended its second quarter with a net loss of $1.9 billion, as first-class mail volumes continued to tumble and the government was unable to provide relief, the agency said on Friday.

  • April 30- International Paper Co posted a higher-than-expected quarterly profit on Wednesday due to rising North American demand for its corrugated shipping boxes. IP, which has a large joint venture in Siberia, is closely monitoring the tension between Russia and the Ukraine, but so far has taken no action.

  • April 30- International Paper Co, the largest North American producer of corrugated shipping boxes, posted a quarterly loss on Wednesday due to charges to close an Alabama paper mill. The company had a first-quarter net loss of $95 million, or 21 cents per share, compared with net income of $318 million, or 71 cents per share, in the year-ago period.

  • *Asset prices in Dubai soar with economic recovery. RAS AL KHAIMAH, United Arab Emirates, April 30- W hen French wine and cognac bottle maker Saverglass decided to expand three years ago, it chose a relatively remote, less affluent location in the United Arab Emirates for its plant rather than the business hubs of Dubai and Abu Dhabi.

  • WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants in the United States, the Federal Trade Commission said on Thursday.

  • Ardagh wins U.S. go-ahead to buy Saint Gobain unit Thursday, 10 Apr 2014 | 11:39 AM ET

    WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants, the Federal Trade Commission said on Thursday.

  • FRANKFURT, April 10- Koch Industries and Goldman Sachs's private equity arm are acquiring the world's leading maker of printing-inks Flint from buyout group CVC, the four companies said in a joint statement on Thursday.

  • LONDON, April 3- Britain said on Thursday it was minded to force tobacco firms to sell cigarettes in plain standardised packaging and would hold a short consultation on the issue which could result in new regulations entering into force before May 2015.