Transformational acquisition will create a global leader in the rigid and flexible film market, with combined annual revenues exceeding $2 billion
April 12, 2017
The Klöckner Pentaplast Group announced that it has signed a binding agreement to acquire LINPAC Senior Holdings Limited and its direct and indirect subsidiaries, an important film producer and converter for food packaging in Europe.
Highlander Partners, a Dallas-based private investment firm, has created Bettera Brands, LLC, a new holding company to target acquisitions in the confectionery and snack industries.
But a week later, 1-800-Flowers.com, Fannie May’s New York-based parent company, announced it would sell the brand -- along with the Harry London brand, an Ohio manufacturing facility, two warehouses and 79 retail stores -- to Ferrero International for $115 million.
Italian group Ferrero International has announced a multimillion-dollar deal to purchase Fannie May Confections Brands, Inc., from 1-800-Flowers.com, Inc., a leading floral and gourmet gift provider.
French chocolate manufacturer CEMOI Group has acquired Chris Candies, a Pittsburgh, Penn.-based chocolate company with premium, organic and low-sugar offerings.
Australian food processing and packaging supplier tna Solutions has acquired NID, an Australian starch moulding equipment manufacturer, moving tna one step closer to being a leading single-source supplier for the confectionery industry.