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Last updateThu, 03 Jul 2025 1am
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Del Monte Foods Announces Strategic Action to Strengthen Financial Position and Pursue a Value-Maximizing Sale

Enters into Restructuring Support Agreement with Key Financial Stakeholders
Initiates Voluntary Chapter 11 Proceedings to Implement Terms of the Agreement
Secures Commitment for $912.5 Million in Debtor-in-Possession Financing to Support Ongoing Operations
Company Intends to Continue Serving Customers with High-Quality Food Products on an Uninterrupted Basis


Fortaco sells its marine business in Gruza, Serbia

Fortaco Group Holdco Plc’s subsidiary, Fortaco Oy has signed an agreement to sell its subsidiary in Serbia and thereby its marine and energy focused Business Site Gruza to Entec Evotec AS. Evotec is a Norwegian based technology company providing winches, booms, spooling devices, and cranes powered by Evotec’s innovative control system.

Henkel and Nordmeccanica elevate long-standing cooperation into a strategic partnership

A success story spanning more than three decades: Henkel Adhesive Technologies, the global market leader in adhesives, sealants and functional coatings, and Nordmeccanica S.p.A., the world's leading manufacturer of coating, laminating and metallizing technology, have built a strong and trusted cooperation over the past 30 years.

Solenis Recognized as a US Best Managed Company for Fifth Consecutive Year

Solenis, a leading global provider of water and hygiene solutions, has been selected as a 2025 US Best Managed Company for the fifth consecutive year. This also marks its second time as a “Gold Honoree” designating four or more consecutive years of recognition. Sponsored by Deloitte Private* and The Wall Street Journal, the program acknowledges outstanding U.S. private companies.

Koenig & Bauer confirms annual forecast with seasonal Q1 effects – new segment structure, strategic initiatives and “Spotlight” focus programme characterise the reporting quarter in a challenging market environment

Despite ongoing global uncertainties, order intake continued to grow and, at €245.2m, is slightly above the previous year (+0.9%)
Order backlog reaches highest year-starting level in recent company history at €1,032.8 m, providing a solid basis for coming quarters
Group revenue at €252.2m almost at previous year's level (-0.4%) mainly due to seasonality
Subdued start to the year as a result of seasonal factors: operating EBIT of €-11.4m (previous year: €-10.2m)
New segment structure for greater customer alignment implemented with the establishment of the Paper & Packaging Sheetfed Systems and Special & New Technologies segments
Strategic initiatives and the “Spotlight” focus programme characterise the quarter under review
Outlook for 2025 confirmed: Higher profitability with a slight increase in revenue
Target achievement in 2026 heavily dependent on global economic and geopolitical developments

Mission Accomplished – merger of LEEF & wisefood officially completed

The sustainable packaging industry is coming together: The merger between palm leaf specialist LEEF from Potsdam and full-range supplier wisefood from Garching is now officially completed. With the dissolution of wisefood GmbH and its full integration into LEEF Blattwerk GmbH, the merger has been finalized.

Fortaco Group announces amendments to the terms and conditions of the bonds following approval of written procedure

On 17 April 2025, Fortaco Group Holdco Oyj (the "Company") announced the successful completion of the written procedure (the "Written Procedure") that was initiated on 2 April 2025 in relation to the Company's outstanding senior secured bonds with ISIN NO0012547274 (the "Bonds"), regarding certain amendments to the terms and conditions of the Bonds , including among other things an extension of the tenor by two years (including amending the call structure to reflect the extended tenor of the Bonds), amending the interest rate during 2025 and 2026, introducing the option to make voluntary partial redemptions of up to EUR 20 million at a price of 101 per cent., together with certain other amendments as further specified in the notice of the Written Procedure dated 2 April 2025 (the "Proposal").

Henkel with sales development in line with expectations while profitability remaining strong

Group sales: around 5.2 billion euros; organic development -1.0 percent

Adhesive Technologies: positive organic sales growth of 1.1 percent with positive volume development despite challenging environment
Consumer Brands: organic sales development of -3.5 percent; volumes impacted by subdued consumer demand and supply chain challenges
Sale of Retailer Brands business in North America closed – strategic portfolio optimization program in Consumer Brands concluded
Outlook for fiscal 2025 unchanged despite increased volatility in market environment:
Organic sales growth: 1.5 to 3.5 percent
Adjusted return on sales: 14.0 to 15.5 percent
Adjusted earnings per preferred share (EPS): increase in the low to high single-digit percentage range (at constant exchange rates)

SANY 2024 Annual Report: Net Profit Up 31.98%, International Revenue Accounts for 64%

SANY Heavy Industry (SANY) announced its 2024 results on April 19, reporting $10.88 billion in full-year sales and revenue, up 6.22% year-on-year. Net profit attributed to shareholders surged by 31.98% to $0.84 billion. As international revenue accounting for 64% of its core business revenue, the company continues to show its strong overseas growth.
Driving Global Growth Through Innovation and Sustainability
Driving Global Growth Through Innovation and Sustainability

INX International announces Acquisition of Servicom New Zealand and Galaxy Inks & Coatings Australia

INX International Ink Co. announced today it has successfully completed the acquisition of Servicom New Zealand Limited, effective today. INX has also entered into a definitive agreement to acquire Galaxy Inks & Coatings Australia Pty Ltd. That transaction is expected to close by the end of this month, subject to customary closing conditions.


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