Mars, Incorporated has announced a definitive agreement to acquire Kellanova for $83.50 per share in cash, totaling $35.9 billion. This deal represents a 44% premium over Kellanova’s 30-day average share price and a 33% premium over its 52-week high as of August 2, 2024. Kellanova, known for brands such as Pringles, Cheez-It, …
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UFlex Limited, India’s leading flexible packaging company, has reported a notable increase in its financial performance for the first quarter of fiscal year 2025. The company’s unaudited consolidated net revenue reached INR 36,825 million, reflecting a 12.3% year-on-year increase and a 5.3% rise compared to the previous quarter. The operational EBITDA also saw significant …
SOMA, a leading innovator in flexographic printing technology, is pleased to announce its new partnership with Anoop Plastic Products. This strategic alliance will enhance SOMA’s presence and support capabilities across the United Arab Emirates, Oman, Qatar, and Bahrain. Founded in 1994 by Mr. B.S. Babu, Anoop Plastic Products has established itself as a …
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Skanem Africa has launched a new labeling factory in Dar es Salaam, Tanzania, aiming to enhance service delivery and expand market reach within the East African region. The facility began operations in late July 2024, positioning Skanem closer to its customers and new markets. The new Tanzanian site complements existing operations in Kenya, …
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In a recent exclusive interview with Ben Daniel, Editor of Packaging MEA, Diego Liz, Chief Strategy Officer (CSO) of M-TEX NS, revealed the company’s strategic initiatives aimed at broadening its presence in the MEA region. M-TEX NS, a prominent Portuguese manufacturer specializing in digital printing machines, has appointed new distributors for UAE and …
Heidelberg’s recent successes in the Middle East’s printing and packaging industry highlight a growing trend of companies upgrading to more efficient and productive printing solutions. From Dammam to Riyadh, key players are investing in Heidelberg presses, showcasing a strong commitment to innovation and excellence. Heidelberg’s recent successes in the Middle East’s printing and packaging …
Henkel has inaugurated a state-of-the-art beauty care production facility in Riyadh, aiming to meet the rising demand for personal care products in the Middle East. The new facility will manufacture a variety of items under the Pert brand, including shampoos, conditioners, and other specialized products. This development marks a significant step for Henkel …
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PepsiCo South Africa has partnered with Standard Bank on a sustainability-linked working capital facility to support its renewable energy commitments and local procurement initiatives. This collaboration aligns with PepsiCo’s global sustainability agenda, focusing on energy-efficient manufacturing and renewable electricity. PepsiCo, a leading global food and beverage company, operates in over 200 countries. In …
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SS Royal Kit Emirates Investment and Global Biopolymers Industries have partnered to establish Emirates Biotech, a new company focused on the production and distribution of PLA bioplastics. The firm aims to introduce sustainable alternatives to fossil fuel-based plastics across the Middle East, Africa, and India. The partnership agreement was signed by Shaikh Suhail …
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Canon, a global leader in digital imaging solutions, reported its most successful participation at drupa 2024, securing significant deals and attracting substantial customer interest. At its stand in Hall 8A, Canon showcased its latest production print technologies, resulting in orders worth €7.3 million and hosting over 70 key customers from the Middle East. …
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