News in Brief
XANO agrees to acquire Integrated Packaging Solutions
XANO has signed an agreement, via a subsidiary, to acquire all the shares in Integrated Packaging Solutions (IPS) with subsidiaries, located in Denver, Colorado, US. IPS is an international company with operations in the packaging sector, mainly linked to the can industry. IPS provides manufacturers of metal packaging with machine equipment and integration technology and provides…
US announces new tariffs on imported canned seafood
The U.S. Department of Commerce has determined that tariffs should be placed on tin products used in seafood canning being imported from China, Canada, and Germany. The government declined to place tariffs on tin being imported by companies in South Korea, the Netherlands, Taiwan, Turkey, and the United Kingdom. “These findings demonstrate that Commerce took…
Henkel appoints North America President
Henkel has named Pernille Lind Olsen as President of the North America region. She also serves as Corporate Senior Vice President Adhesive Technologies Packaging & Consumer Goods; and Regional Head Adhesive Technologies, North America. In her role as President Henkel North America, Lind Olsen succeeds Steven Essick who has retired after 27 years with the…
Consumer brands comment on Tin Mill Steel Tariffs
The Consumer Brands Association have issued the following statement on the Department of Commerce’s preliminary determination regarding new tariffs on tin mill steel from President & CEO David Chavern, “Today’s announcement from the Department of Commerce is a positive step toward protecting U.S. consumers, domestic manufacturers and their workforce. We are encouraged that our message was heard: ordinary…
Spam donates 264,000 of canned meat to Maui wildfire victims
Spam and its parent company, Hormel Foods, are stepping up to aid victims of the Maui wildfire disaster. The companies announced Thursday they would donate 264,000 cans of Spam, valued at more than $1 million, to a relief organisation. “The people of Hawaii have a special place in both the history and heart of the Spam brand,” the companies…
Rossmann launches Isana deodorant range with Salvalco Eco-Valve
Salvalco has collaborated with Rossmann, brining to market a new Isana deodorant range, utilising the Eco-Valve technology with Nitrogen propellant. The sprays which are now readily available across their stores, follow on from the successful launch of their Alterra natural Deo spray in 2021 – which also utilised the aerosol technology. The Isana sprays which…
CANPACK designs cans for the Medellín flower festival
Colombian brewery Bavaria has partnered with CANPACK to produce special edition cans of its Pilsen for the Medellín Flower Festival (Feria de las Flores). This annual festival celebrates the life of the Colombia’s Paisa region with a colourful, 10-day showcase of the local flower industry. Since 1957 this has been one of the most important yearly…
Ball confirms sale of Aerospace business for $5.6 Billion
Ball Corporation has announced that it has reached an agreement to sell its aerospace business to BAE Systems (LSE: BA.) for gross proceeds of $5.6 billion in cash, which represents 19.6x Ball Aerospace’s LTM comparable EBITDA (as of June 30, 2023). The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected…
Aluminum a ‘key element of U.S. infrastructure investment’
Aluminum Association president & CEO Charles Johnson has released the following statement on the one-year anniversary of President Biden signing the Inflation Reduction Act. “Infrastructure investment is buoying historic industry-sponsored capital spending – more than $6 billion announced for U.S.-based aluminium projects over the past 3 years. Shifting consumer preferences toward more sustainable materials, a move…
Crown partners with Brazilian beverage producer Socorro Bebidas
Brazilian beverage producer Socorro Bebidas has expanded its partnership with Crown Embalagens Metálicas da Amazônia S.A., a subsidiary of Crown Holdings, to launch Acquíssima Sabor flavoured mineral water in 350ml (12oz) CrownSleek cans. The premium zero-calorie drink features natural aromas, offering a health-conscious alternative for consumers to stay hydrated and incorporate key nutrients into their daily…
