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Home » Business News
Business News
Thursday 18. November 2010

Possehl Expands Its SME Division via Additional Acquisition

Possehl Mittelstandsbeteiligungen GmbH & Co. KG, a 100% subsidiary of the Lübeck-based L. Possehl & Co. mbH, will acquire a majority of the shares in DMA Maschinen- und Anlagenbau GmbH & Co. KG, based in Höxter, Germany. The corresponding purchase agreement has already been signed. The acquisition is now only awaiting approval by the German Federal Cartel Office.

Thursday 18. November 2010

Brady Corporation Reports Financial Results for Fiscal 2011 First Quarter

Brady Corporation (NYSE:BRC) today reported financial results for its fiscal 2011 first quarter ended October 31, 2010.

Thursday 18. November 2010

Staples, Inc. Announces Third Quarter 2010 Performance

Staples, Inc. (Nasdaq: SPLS) announced today the results for its third quarter ended October 30, 2010. Total company sales of $6.5 billion for the third quarter of 2010 increased slightly compared to the third quarter of 2009.

Thursday 18. November 2010

HESS PRINT SOLUTIONS NAMES DOUGLAS L. MANN PRESIDENT AND CEO

Hess Print Solutions, a provider of accountable print performance solutions and other value-added services for catalogs, books, publications and educational printed products, announced today that it has named Douglas L. Mann, President and Chief Executive Officer, effective immediately.

Thursday 18. November 2010

Schoeller Group Sells its Twenty Percent Stake in IFCO to Brambles

The Munich-based Schoeller Group, together with Apax, has sold its shares in IFCO to Brambles. Brambles is buying IFCO at an enterprise value of EUR 923m. As a strategic partner with a long-term supply and development contract, the Schoeller Group, which founded IFCO and developed the IFCO system and containers, will continue to contribute to IFCO’s success.

Wednesday 17. November 2010

BRAMBLES TO STRENGTHEN POSITION AS A GLOBAL LEADER IN POOLING SOLUTIONS THROUGH €923 MILLION ACQUISITION OF IFCO SYSTEMS

Brambles Limited is pleased to announce its proposed acquisition of IFCO Systems NV for an enterprise value of €923 million1 (US$1,255 million). IFCO is a leading provider of pooled reusable plastic containers (RPCs) to the food supply chain worldwide and of pallet services in the USA. Highlights of the proposed transaction include:

Wednesday 17. November 2010

Orient Paper Inc. Provides Fourth Quarter Fiscal Year 2010 Guidance

Orient Paper, Inc. (AMEX: ONP) (“Orient Paper” or the “Company”), a leading manufacturer and distributor of diversified paper products in Hebei, China, today provided updated financial guidance for the fourth quarter of fiscal year 2010

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