Spanish packaging giant's 2023 revenue decline revealed

12 April 2024 profitability. Despite the revenue setback, Hinojosa emphasized its commitment to international expansion in 2023. The acquisition of a 49 percent stake in the French company ASV Packaging facilitated the strengthening of its presence in France,...

• Type: Article
• Category: Europe & Central Asia

Zeus Group acquires Weedon Group

12 April 2024 Acquisition enhances vertical integration capabilities (CW Group) Independent packaging company Zeus Group has completed the acquisition of Weedon Group, a UK-based integrated corrugated manufacturer, according to Packaging Gateway.~ Weedon specializes...

• Type: Article
• Category: Europe & Central Asia

Afrimat acquisition of Lafarge gets approval

11 April 2024 Acquisition bolsters construction materials portfolio (CW Group) Afrimat announces the successful approval of its acquisition of Lafarge South Africa, marking a significant step in the company's diversification strategy. With all regulatory approvals...

• Type: Article
• Category: Markets & Competition

Building materials giant secures major investment boost

10 April 2024 electrical divisions, has received additional capital investment to fuel growth, new market entry, and further merger and acquisition activities. With FY23 revenue surpassing GBP 650 million, IBMG's strategic partnership with Ares, Farallon, and...

• Type: Article
• Category: Construction

Star Bulk seals Eagle Bulk merger

10 April 2024 consolidation in dry bulk shipping (CW Group) MarineLink notes that Star Bulk Carriers has successfully finalized its acquisition of Eagle Bulk Shipping Inc., marking a significant consolidation in the dry bulk shipping industry. The USD 2.1 billion...

• Type: Article
• Category: Markets & trade

Tanga Cement’s Chairman remains optimistic despite financial losses

09 April 2024 the group's commitment to optimization initiatives despite challenges, aiming for a positive outlook for 2024. The acquisition of Tanga Cement PLC shares by Scancem International DA, a subsidiary of Heidelberg Materials group, further solidifies the...

• Type: Article
• Category: Financial

Venezuela negotiates with Cementos Argos to compensate expropriated assets

09 April 2024 de Azúcares y Mieles (Ciamsa) at the forefront. Cementos Argos SA, Colombia's leading cement manufacturer, explores the acquisition of a state-owned cement plant on Venezuela's Caribbean coast, while Ciamsa negotiates for restitution. Improved...

• Type: Article
• Category: Markets & Competition

A.G.E. acquires Fort Pierre concrete plant

09 April 2024 Boost for local contractors: A.G.E. takes over operations (CW Group) A.G.E. Construction has finalized the acquisition of the Pete Lien & Sons concrete plant in Fort Pierre, according to The Capital Journal. The acquisition ensures the continuity of...

• Type: Article
• Category: Concrete & Brick

Grigeo expands as Grigeo Group AB

09 April 2024 to its subsidiary, Grigeo Tissue UAB, along with assets, rights, and liabilities. This transition aligns with the recent acquisition of a tissue mill in Poland, enhancing the group's position in tissue paper production. CEO Tomas Jozonis emphasizes the...

• Type: Article
• Category: Europe & Central Asia

Dalmia Cement acquires stake in O2 Renewable Energy V

08 April 2024 Energy V, aiming to source wind power for captive consumption. The transaction, signed on April 5, 2024, involves the acquisition of 68,99,293 equity shares, totaling INR 7,80,99,997, to access wind power capacity of up to 11 MW in Karnataka. This...

• Type: Article
• Category: Environment

Holcim acquires Tensolite

05 April 2024 Holcim continues expansion plan with recent acquisition (CW Group) Holcim Argentina announced that the company took a step forward in its expansion plan by acquiring Tensolite, a company specializing in precast and prestressed concrete products,...

• Type: Article
• Category: Plant Expansions

Saint-Gobain's expansion

05 April 2024 Major acquisition in the building solutions sector (CW Group) StreetInsider.com informs that Saint-Gobain, via its subsidiary CertainTeed Canada, has announced plans to acquire The Bailey Group of Companies, a renowned Canadian leader in metal building...

• Type: Article
• Category: Other

E. Nomikos expands fleet

05 April 2024 (CW Group) Splash247.com informs that Greek shipping company E. Nomikos Corp has recently expanded its fleet with the acquisition of a 15-year-old panamax vessel, Xing Ji Hai, from Chinese interests, marking its first addition in two years. The...

• Type: Article
• Category: Equipment & technology

International Paper's DS Smith deal

05 April 2024 Details of International Paper's acquisition plan (CW Group) International Paper has unveiled crucial details regarding its potential merger with British packaging company DS Smith, according to Packaging Gateway. The US-based packaging giant proposed...

• Type: Article
• Category: North America

New ownership in Taman grain terminal

04 April 2024 LLC (ZTKT), acquiring the share from international trader Viterra, who exited the Russian market in 2023. Kosykh's stake acquisition, valued at USD 40 million, marks a significant shift in the ownership landscape of ZTKT, with Delivery by Sea LLC, led...

• Type: Article
• Category: Markets & trade

Ultratech Cement allocates USD 3.9 billion for capacity expansion

03 April 2024 next three years, informs Reuters. The move comes amidst heightened activity in India's cement sector, fuelled by recent acquisitions such as Adani Group's purchase of ACC and Ambuja Cements. Ultratech's decision also reflects a significant demand from...

• Type: Article
• Category: Markets & Competition

Grigeo AB acquires tissue mil

03 April 2024 move in Poland (CW Group) Globe Newswire reports that Grigeo AB Group of Companies has successfully finalized the acquisition of a tissue paper mill from Głuchołaskie Zakłady Papiernicze sp. z o.o (GZP), a renowned Polish producer. In a significant...

• Type: Article
• Category: Europe & Central Asia

Ekman expands with acquisition in North Wales

03 April 2024 in Gothenburg, Sweden, has acquired Allan Morris Recycling (AM Recycling Ltd) in North Wales, writes Wrexham.com. The acquisition of Allan Morris Recycling, known for its advanced paper recovery facilities, strengthens Ekman's presence in the recycling...

• Type: Article
• Category: Europe & Central Asia

East Africa's merger & acquisition landscape

02 April 2024 Tanzania emerges as key player in regional deals (CW Group) Tanzania featured prominently in East Africa's merger and acquisition scene, with deals totaling USD 284.9 million in 2023, according to The Citizen. The region witnessed robust M&A activity,...

• Type: Article
• Category: Mergers & Acquisitions

AD Ports Group expands global presence

02 April 2024 propelled the group's global reach to 46 nations. Chairman H.E. Falah Al Ahbabi emphasized the transformative impact of acquisitions and expansions, aligning with the UAE's economic diversification goals. Managing Director and Group CEO, Capt. Mohamed...

• Type: Article
• Category: Ports & handling