Central company agreement on the company pension plan is signed again with 6 percent interest guaranteed for the next three years
– Has Court Approval to Access More than $300 Million of its Available Cash – Employees Continue to be Paid as Normal – Operations Continue Without Interruption; No Impact To Customers
Perttu Louhiluoto (M.Sc. in Economics, LLM) is appointed Senior Vice President, EMEA market are, Mining and Construction Technology, as of July 1, 2009. He will be responsible for sales and services delivery and customer contacts in Europe, Middle East and Africa.
Sun Chemical has acquired certain assets and liabilities of Handschy inks, coatings and varnishes business, from its parent company, Graphic Packaging International, Inc. Handschys customer lists, formulations and trademarks will be included in the acquisition.
Bemis Company, Inc. (NYSE:BMS) today announced that it has acquired the South American rigid packaging operations of Huhtamaki Oyj, a global manufacturer of consumer and specialty packaging. This rigid packaging business, which includes three facilities in Brazil and one facility in Argentina, recorded annual net sales of approximately US$85.8 million in 2008, primarily to dairy and food service markets.
Pitney Bowes Inc. (NYSE:PBI) announced that a team of four employees was honored with the Companys 2008 Invention of the Year Award. Arthur Berrill, Edward Dewald, John Dove and retired employee George Christopher Moon were recognized for their work in developing an integrated platform for providing geographic location based services to a mobile communication device, such as a phone.
Huhtamaki sells its rigid plastic consumer goods business in Brazil to Dixie Toga S.A. and in Argentina to American Plast S.A., both subsidiaries of Bemis Company, Inc. The annual net sales of the divested business is some EUR 60 million and it currently employs some 640 people. The agreed value for the transaction is EUR 30 million.
