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Piovan buys majority stake in Italian material handling equipment maker Penta
2015-01-27 18:47:30| Canadian Plastics Headlines
Italy-based auxiliary equipment company Piovan has bought a majority stake in the Italian materials handling company Penta. According to a statement from Piovan, the acquisition is a further important step in completing the range of solutions in the plastics sectors… The post Piovan buys majority stake in Italian material handling equipment maker Penta appeared first on Canadian Plastics.
Tags: material
equipment
italian
handling
Swiss drug maker Novartis posts Q4 profit drop
2015-01-27 10:32:29| Biotech - Topix.net
Swiss pharmaceutical giant Novartis AG says fourth quarter net income dropped 26 percent but the company still posted a healthy 2014 annual profit. The Basel, Switzerland-based company said Tuesday that fourth quarter net income came in at $1.49 billion, down from $2 billion in the same quarter the year before excluding its blood-transfusion diagnostics unit, which it sold in 2013.
Auto parts maker Cooper Standard to restructure in Europe
2015-01-26 18:42:10| Canadian Plastics Headlines
Michigan-based auto parts maker Cooper Standard Automotive Inc. plans to downsize its European manufacturing footprint. A statement from Cooper Standard Holdings Inc., Cooper Standards parent company, said the restructuring effort is to improve its European capability by removing excess capacity,… The post Auto parts maker Cooper Standard to restructure in Europe appeared first on Canadian Plastics.
Tags: auto
standard
parts
europe
Mattel CEO resigns, toy maker results miss expectations
2015-01-26 16:34:14| Toys - Topix.net
First, she ran for President of the United States on the "Party of Girls" ticket. Photo: BW The same year, she and Ken split up.
Tags: results
miss
ceo
expectations
UPDATE 1-Post Holdings to buy cereal maker MOM Brands for about $1.15 bln
2015-01-26 16:34:11| Food - Topix.net
Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post, the maker of Raisin Bran and Honey Bunches of Oats, will pay $1.05 billion in cash and issue 2.5 million shares to the owners of MOM Brands.
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