RICHMOND, Va.-- Greif Inc., which makes industrial packaging, is spending $45 million to upgrade its operation in Virginia's Amherst County. Bob McDonnell announced Greif's plans Tuesday. The plant has operated in Amherst since 1975 and employs about 300 people.» Read More
NEW YORK, Nov 25- At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc, in a deal that could fetch more than $3 billion, according to people familiar with the matter.
FRANKFURT/ NEW YORK, Nov 15- U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc as well as German peer Gerresheimer are competing to buy the healthcare packaging unit of Rexam in a deal expected to fetch a little less than $1 billion, people familiar with the matter said.
CNBC's Bob Pisani and "Fast Money" trader Simon Baker discuss the Container Store as it surges on its first day of trading.
CNBC's Courtney Reagan reports high demand is expected for The Container Store once it goes public.
Crown said in a statement that it would buy Mivisa from investment funds managed by affiliates of The Blackstone Group LP, N +1 Mercapital and management. Mivisa has 10 manufacturing facilities, including six in Spain and one in Morocco, Crown said.
Oct 24- International Paper Co reported better-than-expected quarterly profit on Thursday, helped by strong sales of corrugated packaging for shipping boxes. John Faraci, the chief executive, said in an interview the global economy continued to improve, but at a pace below its potential.
Oct 24- International Paper Co said on Thursday its quarterly profit rose 61 percent, helped by strong sales of corrugated packaging for shipping boxes. For the third quarter, the company posted net income of $382 million, or 85 cents per share, compared with $237 million, or 54 cents per share, in the year-ago period. Revenue rose 5 percent to $7.41 billion.
*Citigroup profit hit by bond trading slowdown, but shares rebound. The White House and Senate rejected the House's latest offer. "The expectation is that stocks will sink a little lower as the House takes more and more time to figure things out," said John Brady, managing director at R.J. O'Brien& Associates in Chicago.
WASHINGTON, Oct 9- A month before election day, environmentalists urged biotechnology companies and a food industry group to stop pouring money into a campaign against a proposed food-labeling law in Washington state. In that case, groups opposed to labeling, including Monsanto Co and PepsiCo, spent about $46 million on an advertising blitz.
Sept 24- One of Boise Inc's largest shareholders doesn't plan to vote for the paper and packaging company's $1.28 billion takeover by rival Packaging Corp of America and said Boise should spin-off its paper business instead.
**BLACKBERRY LTD, $10.66, up 3.4 pct. **COTY INC, $15.56, down 4 pct. **ORBITAL SCIENCES CORP, $21.10, up 5 pct.
*Packaging Corp offers $12.55/ share. *Packaging Corp to assume $714 mln of Boise's debt. The deal will secure badly needed production capacity for Packaging Corp, the fourth-largest maker of containerboard and corrugated packaging in the United States, at a time when the industry is consolidating.
*Packaging Corp offers $12.55/ share. *Boise shares trading at $12.53, Packaging Corp shares jump 10 pct. Packaging Corp, the fourth-largest maker of containerboard and corrugated packaging products in the United States, said it would assume Boise's $714 million debt.
Sept 16- Packaging Corp of America said it would acquire smaller rival Boise Inc for about $1.28 billion to increase its container board capacity. Packaging Corp's offer of $12.55 per share represents a premium of 26 percent to Boise's Friday close. Boise shares were trading at $12.75 in premarket trading on the New York Stock Exchange.
**MOLEX INC, $38.54, up 31.4 pct. The maker of electronic connectors and cable assembly products said privately owned energy and chemicals conglomerate Koch Industries would buy it for about $7.2 billion. **MOSAIC CO, $43.69, up 3.6 pct.
**MOLEX INC, $38.47, up 31 pct. The maker of electronic connectors and cable assembly products said privately owned energy and chemicals conglomerate Koch Industries would buy it for about $7.2 billion. Shares of fertilizer companies jumped after Russian President Vladimir Putin said on Friday that it was necessary to resolve a potash dispute with Belarus.
U.S. stocks rose, helping the S&P advance for a fifth straight day following upbeat economic data from China, though concerns about the possibility of a Western strike against Syria tempered investor enthusiasm. **MOLEX INC, $38.47, up 31 pct.
U.S. stocks rose at the open in the wake of upbeat economic data from China, though concerns remained about the possibility of a Western strike against Syria and its impact on the global economy. **MOLEX INC, $38.47, up 31 pct.
Nils Andersen, CEO of A.P. Moller-Maersk, tells CNBC that the second quarter has been quite tough, both in terms of rates and volumes but they have increased their competitiveness.
*Amcor to focus on core global plastics business. SYDNEY, Aug 1- Australia's Amcor Ltd said it plans to list its glass and beverage can packaging unit, a business valued at around $1.8 billion, so that it can better focus on its core global business of plastics packaging. Amcor will also retain cigarette packaging, a big growth market in eastern Europe and Asia.