News in Brief
Atalanta Corporation buys canned seafood company
J.A. Kirsch, a leader in specialty canned food imports has been sold to Atalanta Corporation. BGL’s Food & Beverage investment banking team served as the exclusive financial advisor to J.A. Kirsch in the transaction and furthers BGL’s expertise within specialty foods. The specific terms of the transaction were not disclosed. Founded in 1905 and headquartered in Teaneck, New Jersey, J.A. Kirsch is a national, privately-owned…
Ardagh said to be exploring Trivium sale
Ardagh Group and a Canadian teachers’ fund are said to be exploring for the second time in two years putting their food and speciality metal cans joint venture on the market, in a transaction that could put an enterprise value of more than $3.5 billion (€3.2 billion) on the business, including debt. Bloomberg reported this…
ConstelliumCARES announces first projects
Constellium has funded its first projects under the ConstelliumCARES Fund, a company-wide philanthropy program established in 2023 dedicated to advancing positive change in global and regional programs and local communities. With a commitment of up to €1 million per year, Constellium aims to advance initiatives centered around climate change, diversity and inclusion, and education and…
Tata Steel announces 2800 job losses as blast furnaces close
Tata Steel has announced it will commence statutory consultation as part of its plan to transform and restructure its UK business. The plan, the company says, is intended to reverse more than a decade of losses and transition from the legacy blast furnaces to a more sustainable, green steel business and includes the loss of…
Simply Spiked franchise adds Limeade to its lineup
The Simply Spiked family is getting bigger. The fan favourite has introduced its newest flavour, Simply Spiked Limeade, now available on shelves across the United States. THE BIG PICTURE Simply Spiked has been a winner for Molson Coors, thanks to the enthusiasm of legal-age drinkers who have flocked to the brand and shared their love for…
Winners of ADF Innovation Awards revealed as Paris Packaging Week draws to a close
Paris Packaging Week organisers Easyfairs capped a memorable two days by revealing the ADF Innovation Awards winners. In a fitting end to a bumper two days at Paris Expo Port de Versailles, the jury presiding over handed out 6 awards and 6 certificates in total in celebration of the world’s best innovations across perfume, cosmetics, personal care, premium drinks, aerosols and dispensing systems. Specifically,…
US winery aims to disrupt wine industry with aluminium bottles
A North American winery is looking to change the way wine is packaged and sold to reduce its environmental impact and is doing this by using aluminium bottles instead of glass. The Bogle Family Wine Collection has unveiled 750ml aluminium wine bottles that are lightweight, recyclable, and constructed in the shape of a traditional wine…
Canned seafood giant Princes post massive pre-tax losses
Tinned foods giant Princes has fallen to a pre-tax loss and made a number of redundancies, as a result of an impairment charge and surging costs. However, the group’s managing director said the company “remains resilient”. Princes’ products include tinned fish, fruit and meat, and its brands include Branston, Batchelors’ and Flora. Newly filed accounts…
Just 21 per cent of residential recyclables recycled in the US
A new report from The Recycling Partnership (“The Partnership”), a non-governmental organisation committed to building a better recycling system has found that only 21% of residential recyclables are being recycled. The report shows how Extended Producer Responsibility (EPR) policies and proactive industry investment can close these gaps. Under EPR, private industry funds improvements to the…
Minalba Brasil unveils Indaiá mineral water including braille on can lids
Minalba Brasil, a beverage company of the Edson Queiroz Group (GEQ), has kick-started 2024 with the innovative launch of Indaiá mineral water in 269 ml aluminium cans, featuring both sparkling and still versions. With the rallying cry “It’s even better in a can,” the company says it underscores the unique qualities of the innovative product.…
