Incoming orders in the first quarter up by 6 percent to €665 million

Group sales increased by 9 percent to €541 million
Operating result (EBITDA) up from €14 million to €20 million – EBIT positive at €2 million
On course to achieve overall annual targets for 2018/2019
Digital transformation well underway, medium-term targets firmly in sight

Read more ...

· Strategic combination to create the global leader in consumer packaging
· Comprehensive global footprint with greater scale in every region
· Industry leading R&D capabilities and better positioned to capture sustainable packaging opportunities
· Stronger value proposition for shareholders, customers, employees and the environment
· Combined revenues of US$13 billion, EBITDA of US$2.2 billion (1), annual cash flow after capital expenditure of more than US$1 billion and an investment grade balance sheet
· All-stock cash free transaction: Amcor shareholders to own 71%; Bemis shareholders to own 29% of combined company
· Double-digit pro-forma EPS (2) accretion for all shareholders including run-rate cost synergies of US$180 million incremental to Bemis’ “Agility” improvement plan
· Amcor to establish primary listing on NYSE with an estimated market capitalization of US$17 billion (3) and to maintain a listing on ASX, with expected index inclusion in both markets

Read more ...

Volaris Group (“Volaris”) today announced that it has completed its eighth acquisition in the Communications and Media vertical with the acquisition of Aleyant Systems, LLC (“Aleyant”), a global web-to-print, estimation and production, and prepress automation workflow software provider to graphics and commercial print professionals.

Read more ...

Acquisition Expands Sealed Air’s Protective Packaging Solutions in Key Markets
Sealed Air Corporation (NYSE:SEE) has further expanded its solutions portfolio and design capabilities with the acquisition of AFP, Inc., a leading, privately held fabricator of foam, corrugated, molded pulp and wood packaging solutions. The sale closed August 1, 2018.

Read more ...

Ennis, Inc. (the “Company”), (NYSE: EBF), announced the completion of the merger of Wright Business Graphics, Inc. (“Wright”) with a wholly owned entity of Ennis in a stock merger transaction that closed on July 31, 2018. Wright Business Graphics is a printing company headquartered in Portland, Oregon. Wright has 7 locations in Oregon, Washington and California with its main facility located in Portland, Oregon. The business produces forms, pressure seal, packaging, direct mail, checks, statement processing and commercial printing. Wright had approximately $58 million in sales for its fiscal year ended March 31, 2018 and sells mainly through distributors and resellers. The purchase price was paid 55% in cash, and 45% in the Company’s common stock based on the weighted average share price based on the previous 30 trading days from the date of the Agreement. The Company believes the transaction will be accretive to its shareholders.

Read more ...

More Articles ...