Non-Paper Containers / Packaging
Tecnic Group Bhd Announces Acquisition Of New Subsidiary Company
Tecnic Group Bhd announced that Tecnic had on May 16, 2013, acquired the entire issued and paid-up share capital of Marn Fern Industry Sdn. Bhd, a private limited incorporated in Malaysia under the Companies Act, 1965 on March 20, 2013, with an authorised share capital of MYR100,000.00 comprising 100,000 ordinary shares of MYR1 each, of which two ordinary shares of MYR1 each have been issued and fully paid-up, for cash consideration of MYR2 (Acquisition). Pursuant to the Acquisition, Marn Fern Industry becomes a wholly owned subsidiary of Tecnic.
Tristar Wellness Solutions Inc Acquires HemCon Medical Technologies Inc
Tristar Wellness Solutions Inc announced that it has acquired HemCon Medical Technologies Inc., a Portland, Oregon-based researcher and manufacturer of products for bleeding and wound management. TriStar purchased all the stock of HemCon for $3,075,000 in cash. Effective immediately, HemCon will operate as a wholly owned subsidiary of TriStar. Barry S. Starkman, age 56, will retain his current position as President and Chief Executive Officer of HemCon while also assuming the role of Senior Vice President of TriStar.
Industrias del Envase SA Announces Further details On Merger By Incorporation Of BO Packaging Peru SA
Industrias del Envase SA announced in relation with the merger by incorporation of BO Packaging Peru SA into the Company that the nominal value of common shares was reduced from PEN 100 to PEN 6 and investment shares from PEN 1 to PEN 0.65. Further details were not disclosed.
Hexagon Composites ASA's Subsidiary Acquires 50% Share of Joint Venture Company PPG-Devold LLC
Hexagon Composites ASA announced that Hexagon Devold, a wholly owned subsidiary of Hexagon Composites, acquires PPG Industries' 50% share of the joint venture company PPG-Devold LLC in North Carolina, the United States. The acquisition is due to PPG's desire to streamline its profile as a supplier of fibreglass. The acquisition of PPG's share takes place according to an earn-out model where future operating profit (EBIT) is divided equally between the parties until 50% of equity as of December 31, 2012 is paid to PPG. The earn-out period is limited to five years. Managing Director of the joint venture company, Herb Elder, will continue as head of the wholly owned subsidiary. At the same time, the company changes its name to Hexagon Devold USA.
Bunzl PLC Announces Acquisition Of Three Businesses Of Jeminex Limited's Industrial & Safety Division-DJ
Dow Jones reported that Bunzl PLC announced that it has purchased three businesses which form part of the Industrial & Safety division of Jeminex Limited in Australia. Based in Sydney, the businesses acquired operate from locations throughout Australia and focus on three specialist markets. The workwear and personal safety business distributes an range of specialist personal protection equipment, industrial clothing and workwear to the mining, resources, construction and general industrial sectors. The lifting, rigging and height safety business is principally engaged in the supply of lifting chains and ropes, slings and fittings and rigging accessories and transport and load restraints as well as the provision of accredited testing and repair services. The third business is involved in the supply of industrial packaging products to a variety of customers in different market sectors. Financial terms were not disclosed.
Can-One Berhad's Subsidiary Acquires Can Ridge Sdn Bhd
Can-One Berhad announced that F & B Nutrition Sdn. Bhd (FBNSB), an 80%-owned subsidiary of the Company, has on April 19, 2013 acquired the entire issued and paid-up share capital of Can Ridge Sdn Bhd (CRSB) comprising two ordinary shares of RM1.00 each at a cash consideration of RM2.00. CRSB will be a wholly owned subsidiary of FBNSB and an indirect subsidiary of Can-One. CRSB was incorporated on December 27, 2012 and is presently dormant. Its present authorised share capital is RM100,000.00 comprising 100,000 ordinary shares of RM1.00 each. The intended principal activity of CRSB will be the manufacture, packaging and distribution of dairy and non-dairy products and tin cans.
M J Maillis SA Industrial Packaging Systems and Technologies Announces Merger By Absorption Of STRAPTECH SA
M J Maillis SA Industrial Packaging Systems and Technologies announced that the Boards of Directors of the Company and its affiliate STRAPTECH SA decided on April 4, 2013 the renewal – ratification of their resolutions dated December 28, 2012 regarding the commencement of the merger process through absorption of its 100% affiliate STRAPTECH SA by the Company and the setting of the December 31, 2012 as the date of the transformation balance sheet.The absorbing Company will not issue new shares, since it possesses the total share capital of the company under absorption STRAPTECH SA. The aforesaid merger is subject to the licensing and approval of the competent authorities.
CCL Industries Inc Announces Acquisition Of INT Autotechnik, Germany
CCL Industries Inc announced that it has acquired INT Autotechnik GmbH (INT), a producer of stainless steel and aluminum tread plates for German automotive OEMs. INT based in Munich, recorded sales of $22 million and an adjusted EBITDA of approximately $2 million in 2012. The expected final purchase price, subject to customary closing adjustments, is estimated at $14 million in a combination of cash and assumed debt.
Asia Packaging Group Inc Updates on Acquisition of Yuanxing Package China
Asia Packaging Group Inc announced that it has received conditional acceptance from the TSX Venture Exchange (the Exchange) for the acquisition (the Acquisition) of all of the issued and outstanding share capital of Jiayuan Investment Limited. (Jiayuan) as previously announced on November 28, 2012. Jiayuan is a BVI holding company that owns all of the issued and outstanding share capital of Yuanxing Holding (Hong Kong) Ltd., which owns all of the issued and outstanding share capital of Yuanxing Package (China) Co., Ltd.
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Sector Summary
| Energy |  -0.68% |
| Basic Materials | -0.16% |
| Industrials | -0.20% |
| Cyclical Goods & Services | -0.22% |
| Non-Cyclical Goods & Services |  +0.50% |
| Financials | -0.42% |
| Healthcare | -0.20% |
| Technology | -0.36% |
| Telecoms | -0.13% |
| Utilities | -0.08% |
| DOW | 15,238.82 | -55.68 |
-0.36% |
| S&P 500 | 1,642.06 | -8.45 |
-0.51% |
| NASDAQ | 3,440.92 | -18.50 |
-0.53% |
| TR US Index | 148.89 | -0.76 |
-0.51% |
Analyst Research
| Report Title | Price |
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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