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Entries for tag: acquisition
BASF holds 94% of Ciba
The additional acceptance period for BASF’s [BAS, BFA, AN] public tender offer to shareholders of Ciba Holding AG [CIBN], Basel, Switzerland, ended on November 14. During the offer period, a total of 53,350,051 Ciba shares have been tendered to BASF. Together with the 1,011,536 Ciba shares that BASF held before the publication of the pre-announcement, the 9,021,802 Ciba shares that BASF bought from the Spanish Bestinver Group outside the public tender offer and the 1,918,547 own shares held by Ciba, this results in a participation of 65,301,936 Ciba shares. This corresponds to 94.55 percent of all issued Ciba shares. This result is preliminary and subject to the final analysis of the tender declarations of Ciba shareholders submitted during the additional acceptance period. BASF will publish the definitive final result on November 20.
Read ArticleAltana makes US acquisition
The specialty chemicals Group ALTANA has signed a contract to acquire the effect pigment business of the American company United States Bronze Powders Inc. (USBP). In 2007, USBP achieved sales of approximately $8 million in this business area. USBP retains its powder business as well as its aluminum pigments business. Within the ALTANA Group, the acquired business will be integrated into the ECKART Effect Pigments division, a leading manufacturer of metallic and pearlescent pigments. The acquisition is subject to approval by the antitrust authorities.
Read ArticleBASF offer for Ciba to close at end of month
In a letter dated October 15, 2008, the president of the Swiss Takeover Board has rejected a request from the Bestinver investor group to extend the offer period for the public takeover offer to shareholders of Ciba Holding AG and to supplement the Board of Directors’ Report and the Fairness Opinion (an opinion from an independent expert on the financial adequacy of the offer price). As a result, the offer period will end on October 28, 2008 (4:00 p.m. Central European Time, CET) as designated in the offer prospectus
Read ArticleTri Star Packaging acquires vacuum packer
Tri-Star Packaging has announced the acquisition of Rhinopac Ltd, specialists in vacuum packaging systems and food safety.
Read ArticleBASF makes offer to acquire Ciba
Following examination by the Swiss Takeover Board, BASF [BAS, BFA, AN] today published the offer prospectus for the public takeover offer to the shareholders of Ciba Holding AG, Basel, Switzerland [CIBN].
Read ArticleAlcan to acquire Russian tubes factory
Alcan Packaging, part of Rio Tinto Alcan, announced that its Global Beauty division has signed a Share Purchase Agreement to acquire the Tubapak cosmetic tubes manufacturing facility in Russia.
Read ArticleO Berk acquires decorating company
Marc M. Gaelen, President and Chief Executive Officer of O.BERK Company, announced the acquisition of AQL Decorating Company, Inc., of Fairview, NJ. AQL Decorating with over 40 years of experience is an innovative decorator of plastic, glass, and metal containers for the cosmetic/personal care, food/beverage, pharmaceutical/healthcare and chemical/industrial markets. AQL specializes in screen printing, pressure sensitive label application, hot stamping, and pad printing for a wide variety of prestigious brands packaged in various shapes and sizes.
Read ArticleCEDC takes share of Russian alcohol firm
Central European Distribution Corporation (NASDAQ:CEDC) today announced that it has closed its acquisition of a 49.9% voting interest and a 75% economic interest in the Whitehall Group.
Read ArticleConstantia Packaging gets full control of Duropack
The Ireland-based Jefferson Smurift Group has owned the 40% stake in Duropack AG ever since it acquired Interwell AG, while Constantia Packaging AG owned the remaining 60%. When the Jefferson Smurfit Group merged with Kappa Packaging AB, the two owners of Duropack AG increasingly began competing directly against one another in Eastern and Southeastern Europe.
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Henkel takes over National Starch businesses
Henkel has taken over from Akzo Nobel the Adhesives and Electronic Materials businesses previously owned by National Starch. “This acquisition represents a milestone in our 130-plus-year corporate history and points Henkel clearly in the direction of further profitable growth,” said Ulrich Lehner, Chairman of the Management Board of Henkel KGaA. The acquisition was preceded by the carve-out of the businesses to be acquired by Henkel and the requisite antitrust and anticompetitive investigations by the relevant authorities.
Read ArticleBobst Group completes the acquisition of Fischer & Krecke
The Grautoff family – majority shareholder of Fischer & Krecke GmbH & Co. KG – has sold its shares to Bobst Group S.A. in Lausanne (Switzerland). The process that has now been completed was initiated by signing the respective contract on September 20, 2007.
Read ArticleCEDC acquires Russian vodka brand
Central European Distribution Corporation today announced that on March 13, 2008 it closed its acquisition of an 85% interest in Copecresto Enterprises Limited, which owns various production and distribution assets including the Parliament vodka trademarks in Russia and abroad. The total consideration for the acquisition is $180,335,257 in cash, and 2,238,806 million shares of common stock of CEDC, of which $15 million in cash and 250,000 shares are deferred pending the closing of certain subsequent fixed asset purchase transactions. The cash component of the purchase price is financed through a combination of the proceeds from CEDC's recent $310 million Convertible Notes offering and existing cash.
Read ArticleSumitomo makes German acquisitions
On February 8, 2008, the board of directors of Sumitomo Heavy Industries resolved to acquire 100% share of Demag Ergotech GmbH and Van Dorn Demag Corporation both of which manufacture and sell injection molding machinery. Demag and Van Dorn are group companies of MPM Holdings.
Read ArticleFund acquires paper converter
Odyssey Investment Partners LLC has acquired Ranpak Inc., a leading global manufacturer and marketer of "in-the-box" paper-based protective packaging, from American Capital Strategies Ltd. (Nasdaq: ACAS). Financial terms of the transaction were not disclosed.
Read ArticleMondi acquires Unterland Flexible Packaging
Mondi Group (‘Mondi’) has announced that it has completed the transactions to acquire a majority interest in Tire Kutsan, a Turkish corrugated packaging and containerboard business, and 100% of Unterland Flexible Packaging, a consumer flexibles business based in Austria.
Read ArticleOnex to acquire Husky
Husky Injection Molding Systems Ltd. (“Husky”) (HKY - TSX) and Onex Corporation (“Onex”) (OCX - TSX) announced today that they have entered into a support agreement whereby Onex will offer to acquire all of the issued and outstanding common shares of Husky at a price of $8.18 cash per common share (the “Offer”). The total equity value of the transaction is approximately $960 million.
Read ArticleConstantia finalise acquisition
Since May 2004, Constantia Packaging AG, Vienna, has owned a 25% plus 1 share equity interest in Austria Metall AG(AMAG), Ranshofen. Since August 2006, Constantia Packaging AG has been in negotiations with Klaus Hammerer GmbH to acquire its 40% stake in AMAG and thereby gain a majority interest.
Read ArticleNefab aquires Austrian packaging company
Nefab has signed an agreement to acquire all shares in the Oskar Eder Verpackungstechnik GmbH packaging company in Linz, Austria.
Read ArticleKHS confirms acquisition
After the preliminary contracts for the acquisition of a majority share in Klöckner by Salzgitter AG were signed in March of this year, the company has now announced the successful conclusion of the sale.
Read ArticleBasell to acquire Lyondel
Basell, the global leader in polyolefins, and Lyondell Chemical Company (NYSE: LYO), one of the world’s largest chemical companies, announced today that they have signed a definitive agreement pursuant to which Basell will acquire Lyondell’s outstanding common shares for $48 per common share in an all cash transaction with a total enterprise value of approximately $19 billion, including the assumption of debt.
Read ArticleMondi makes acquisitions
As part of the dual listed company structure, Mondi plc and Mondi Limited notify both the London Stock Exchange and the JSE Limited of matters required to be disclosed under the Disclosure and Listing Rules of the United Kingdom Listing Authority and/or the JSE Listings Requirements.
Read ArticleCEDC to buy Russian brand
Central European Distribution Corporation (NASDAQ:CEDC) today announced that it has signed a binding Letter of Intent (LOI) to acquire a significant majority interest in a company holding various alcoholic beverage production and distribution assets which include the number one selling premium vodka brand in Russia, Parliament Vodka.
Read ArticlePregis packaging acquires Rumanian company
Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective packaging products and specialty packaging solutions, announced today that it has acquired all of the outstanding share capital of Petroflax S.A., for approximately $12.0 million in cash, including estimated direct costs of the acquisition.
Read ArticleNefab acquires Guenther Verpackungen
Nefab has signed an agreement to acquire Günther Verpackungen, a German company, located close to Stuttgart.
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