Effective August 1, 2024, the company will officially transition its name under Coperion Following its September 2023 acquisition by Hillenbrand (NYSE: HI), Schenck Process Food and Performance Materials (FPM) is transitioning its name and brand to Coperion. The full legal change to Coperion will be completed by August 1, 2024. Coperion is an operating company of Hillenbrand with 140 years’ experience in some of the world’s most critical processing industries. Schenck Process FPM has … [Read more...] about Schenck Process FPM is becoming Coperion
acquisitions
Packaging Producers: Stora Enso completes the acquisition of De Jong Packaging Group
Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries. The acquisition announced in September 2022 with an enterprise value of approximately EUR 1,020 million was closed today following regulatory clearances and employee consultation. The acquisition will significantly strengthen Stora Enso’s presence in European packaging markets and provide an entry into the … [Read more...] about Packaging Producers: Stora Enso completes the acquisition of De Jong Packaging Group
Nestlé bolsters business with acquisition of Seattle’s Best Coffee
Acquisition of Seattle's Best Coffee further strengthens Global Coffee Alliance with Starbucks Starbucks and Nestlé announced today that Nestlé plans to acquire Seattle's Best Coffee brand from Starbucks. This transaction is part of Nestlé's focus on driving sustained profitable growth in the coffee category. It strengthens the Global Coffee Alliance by allowing both companies to focus on their core strengths. Seattle's Best Coffee's approachable line of whole bean, roast, and ground … [Read more...] about Nestlé bolsters business with acquisition of Seattle’s Best Coffee
