Key Developments: AEP Industries Inc (AEPI.O)

AEPI.O on Nasdaq

42.80USD
16 Sep 2014
Price Change (% chg)

$-0.48 (-1.11%)
Prev Close
$43.28
Open
$43.03
Day's High
$43.51
Day's Low
$42.41
Volume
15,362
Avg. Vol
26,388
52-wk High
$81.79
52-wk Low
$29.67

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Latest Key Developments (Source: Significant Developments)

AEP Industries Inc Reaffirms FY 2013 Sales Guidance
Monday, 10 Jun 2013 07:00am EDT 

AEP Industries Inc revised sales target and expects volume for fiscal 2013 to remain flat. The decrease in sales volume is mainly attributable to a softer than expected North American market, the Company's continuing price management activities, and unanticipated delays experienced in the Company's product qualification efforts and equipment installation activities related to Webster and Transco businesses, which the Company expects to complete by July 2013.  Full Article

AEP Industries Inc Reaffirms FY 2013 Sales Guidance-Conference Call
Wednesday, 13 Mar 2013 03:00pm EDT 

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
Wednesday, 23 Jan 2013 03:00pm EST 

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.
Thursday, 8 Nov 2012 03:46pm EST 

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.
Monday, 22 Oct 2012 08:34am EDT 

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

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