Key Developments: AEP Industries Inc (AEPI.O)
83.53USD
24 May 2013
$1.57 (+1.92%)
$81.96
$81.95
$83.88
$81.35
23,219
24,448
$85.35
$33.35
Latest Key Developments (Source: Significant Developments)
AEP Industries Inc Reaffirms FY 2013 Sales Guidance-Conference Call
AEP Industries Inc announced that it expects volume in fiscal 2013 to exceed GBP1 billion on a year-over-year basis. Full Article
AEP Industries Inc Issues FY 2013 Sales Guidance-Conference Call
AEP Industries Inc announced that it expects fiscal 2013 sales volume will exceed $1 billion. Full Article
AEP Industries Inc Completes Purchase Of Films Business From Transco Plastics Industries Ltd.
AEP Industries Inc announced that the Company, along with its Canadian subsidiary, AEP Canada Inc., has completed the previously announced purchase of the machinery and equipment and related assets necessary to manufacture the performance films, specialty bags and industrial films of Transco Plastics Industries Ltd. (Transco). AEP purchased the films business for approximately $5.3 million, excluding a one-year commission and transition service costs. As previously announced, the Company intends to relocate the manufacturing activities associated with the Transco businesses to its strategically located manufacturing sites throughout North America. Full Article
AEP Industries Inc's AEP Canada Inc Enters Into Agreement With Transco Plastics Industries Ltd.
AEP Industries Inc announced that the Company, along with its Canadian subsidiary, AEP Canada Inc., has entered into an agreement with Transco Plastics Industries Ltd. (Transco), a Quebec company, to purchase the machinery and equipment and related assets necessary to manufacture the performance films, specialty bags and industrial films of Transco. The transaction, which is expected to close within the next two weeks, has a purchase price of approximately $5.3 million, excluding a one-year commission and transition service costs, and is expected to gain approximately $30 million in annual net sales from Transco's former customers. AEP noted that it intends to relocate the manufacturing activities associated with the Transco businesses to its strategically located manufacturing sites throughout North America. Full Article
AEP Industries, Inc. Updates On FY 2012 Revenue Guidance-Conference Call
AEP Industries, Inc. announced that for fiscal 2012, it expects total volume currently to be slightly below 1 billion pounds, but it will be about $1.2 billion in sales. Full Article
AEP Industries, Inc. Reaffirms FY 2012 Revenue Guidance-Conference Call
AEP Industries, Inc. announced that for fiscal 2012, it expects sales volume will be in the area of GBP1 billion. Full Article
AEP Industries, Inc. Issues FY 2012 Revenue Guidance-Conference Call
AEP Industries, Inc. announced that for fiscal 2012, it expects sales volume to be exceeding GBP1 billion. Full Article
AEP Industries, Inc. Completes Acquisition Of Webster Industries
AEP Industries, Inc. announced that it has completed its acquisition of substantially all of the assets and specified liabilities of Webster Industries (Webster), a national manufacturer and distributor of retail and institutional private label food and trash bags, in a cash transaction valued at approximately $25.9 million, subject to a post-closing working capital adjustment. As previously announced, AEP has financed the transaction through a combination of cash on hand and availability under its revolving credit facility. Full Article
AEP Industries, Inc. To Acquire Webster Industries
AEP Industries, Inc. announced that it has reached a definitive agreement to acquire substantially all of the assets and specified liabilities of Webster Industries (Webster), a privately-held national manufacturer and distributor of retail and institutional private label food and trash bags, in a cash transaction valued at approximately $28.4 million, subject to a post-closing working capital adjustment. Webster has operations in Montgomery, Alabama and is an operating division of Chelsea Industries, Inc. The transaction is expected to close in two to three weeks and is subject to specified closing conditions. The Company plans to finance the transaction through a combination of cash on hand and availability under its revolving credit facility. Full Article
AEP Industries, Inc. Reiterates FY 2011 EBITDA Guidance-Conference Call
AEP Industries, Inc. announced that it has reiterated fiscal 2011 earnings forecasts and expects adjusted EBITDA to be in the area of $65 million. Full Article
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