Containers and Packaging


  • Ireland's Smurfit eyes acquisitions, hikes dividend Wednesday, 12 Feb 2014 | 3:25 AM ET

    *Looking for acquisitions in Americas, eastern Europe. DUBLIN, Feb 12- Irish packaging group Smurfit Kappa is looking for acquisitions in the Americas and eastern Europe and will return cash to shareholders if it doesn't find the right target, it said on Wednesday.

  • NEW YORK/ LONDON, Feb 7- Swiss industrial conglomerate ABB Ltd is seeking to divest several units whose sale could raise more than $1 billion in total proceeds, according to people familiar with the matter, joining a list of large companies looking to shed non-core businesses.

  • NEW YORK, Feb 6- Carlyle Group LP has agreed to buy Illinois Tool Works Inc's industrial packaging unit for $3.2 billion, the private equity firm's latest acquisition of a large unit being carved out of conglomerates.

  • NEW YORK, Feb 6- nPrivate equity firm Carlyle Group LP is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, and could announce the deal as soon as Thursday, people familiar with the matter said.


  • NEW YORK, Feb 6- Illinois Tool Works Inc is nearing a deal to sell its industrial packaging unit for more than $3 billion, with buyout firms Carlyle Group LP and Onex Corp competing in the final stretch of the auction, people familiar with the matter said. It could not be learned, however, if Illinois Tool Works has granted exclusivity to either bidder.

  • Feb 4- The U.S. Food and Drug Administration rejected a migraine drug made by Israel's RedHill Biopharma Ltd and Canada's IntelGenx Corp.. The FDA raised questions about the third-party manufacturing process, as well as the packaging and labeling of the drug, called RHB-103, the companies said in a statement.

  • International Paper 4th-qtr profit nearly doubles Tuesday, 4 Feb 2014 | 7:23 AM ET

    Feb 4- International Paper Co, the largest North American producer of corrugated shipping boxes, said on Tuesday that fourth-quarter profit nearly doubled due in part to strong sales to Amazon.com Inc and other retail customers.

  • LAGOS, Jan 31- Flour Mills of Nigeria plans to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa, its vice chairman told Reuters in an interview on Friday. But it faces growing competition at home, not least from Dangote Flour Mills, a unit of South Africa's Tiger Brands.

  • Container Store's hot IPO     Friday, 1 Nov 2013 | 12:11 PM ET

    CNBC's Bob Pisani and "Fast Money" trader Simon Baker discuss the Container Store as it surges on its first day of trading.

  • Container Store prices IPO at $18     Thursday, 31 Oct 2013 | 5:20 PM ET

    CNBC's Courtney Reagan reports high demand is expected for The Container Store once it goes public.

  • 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.

  • Styrofoam Could Come Off NYC's Takeout Menu Thursday, 7 Feb 2013 | 11:32 AM ET

    Could Styrofoam containers get 86'd from the menu of takeout food options in the nation's biggest city?

  • We Are 'Slowly' Returning to Better Times: CEO     Wednesday, 23 Jan 2013 | 2:30 AM ET

    Nils Smedegaard Andersen, group CEO at A.P. Moller - Maersk, tells CNBC that they see a gradual stabilization in Europe with the poltical tendencies going in the right direction.

  • DS Smith CEO: We Are Growing Very Nicely     Thursday, 6 Dec 2012 | 2:00 AM ET

    Miles Roberts, CEO of packaging company, DS Smith, tells CNBC that the companies strong earnings are due to investment, innovation and acquisitions they have made.

  • Seaspan's Growth Strategy     Monday, 15 Oct 2012 | 7:40 PM ET

    Gerry Wang, CEO, Seaspan explains his company's business model to CNBC. He adds that the average lease on one of its ships is for 10-12 years.

  • Britain's Tetrapak Heir Arrested in Wife's Death Wednesday, 11 Jul 2012 | 11:31 AM ET
    Hans and Eva Rausing

    Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."

  • Maersk Line Sees Revenue Rebounding in Q2     Wednesday, 16 May 2012 | 7:40 PM ET

    Tim Smith, North Asia CEO, Maersk Line says that revenue has rebounded in the current quarter and that there is an industry wide trend to reduce container capacity, which should help the sector.

  • Tide Has Turned for Container Shippers: Expert     Tuesday, 24 Apr 2012 | 11:36 PM ET

    Tim Ross, Head of Asia Pacific Transport Research, Asia, Credit Suisse says he is overweight the shipping industry, adding that the sector will benefit from recent hikes in freight rates.

  • Business in the Port of Miami     Tuesday, 27 Mar 2012 | 7:53 AM ET

    Insight on Port of Miami preparing for shipments via the Panama Canal in 2014, with Bill Johnson, Port of Miami, who shares the port's plans to generate 30,000 new permanent jobs; with Gov. Rick Scott (R-FL).