It was announced today that the Timken Company had reached an agreement with Ingersoll-Rand to acquire their Torrington subsidiary. The acquisition is valued at approximately $840 million, made up of $700 million in cash...
Alcoa have just received approval from the European Union for their acquisition of Fairchild Fasteners from Fairchild Corp. The transaction is now expected to be completed during the last quarter of 2002.
Fairchild Fa...
Despite recently made investments into the Moultrie (USA) aluminium extrusions plant, Norsk Hydro have decided to close the facility by the end of 2002 due to continued low levels of business. A weak market has been larg...
Akzo Nobel has just purchased a 50% stake in Mexico’s Industrial de Acabados (INDA). Industrial de Acabados are Mexico’s leading powder coatings producer.
The joint venture will manufacture and market powd...
It was announced today that Alcoa would initiate a tender to purchase 3.5 million shares in the Norwegian company Elkem.
They have offered to purchase the shares at 175 Norwegian kroner. If the tender is successful, A...
It was announced today that Western Garnet International have acquired the German company Koninex Mineral Mahlwerk GmbH for an undisclosed sum.
Kominex collect, recycle and sell garnet and alumina (aluminium oxide). T...
The Bemis Company have today completed their acquisition of Walki Films, a business division of UPM-Kymmene. The transaction was worth approximately $68.5 million.
Walki manufactures vacuum and modified plastic films ...
The Alouette primary aluminium plant in Canada will be undergoing an expansion project following approval from shareholders. The total investment in the plant will CAD 1.41 billion and the project will begin in February ...
Ferro have just completed the sale of their powder coatings businesses. The businesses with sales of $175 million in 2001, were divested for approximately $160 million.
The sale of the businesses consisted of two tran...
Siemens has completed the sale of several of its business activities to Kohlberg Kravis Roberts & Co. The total purchase price for the businesses was 1.69 billion Euros.
The sale comprised several business units i...
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