Saturday, 10 December 2016

INTERPOM | PRIMEURS Announces Innovation Award Winners

INTERPOM | PRIMEURS Announces Innovation Award Win...

  Stefaan and Els Cocquyt of Moerkerke-Damme and Sébastien Dubuisson of Beloeil are the winners o...

New at INTERPOM PRIMEURS: Pre-Registration Is Required

New at INTERPOM PRIMEURS: Pre-Registration Is Requ...

 INTERPOM |PRIMEURS, the leading indoor trade fair for the entire potato, vegetable and fruit sect...

Gulfood Manufacturing Showcases Full F&B Tech Spectrum

Gulfood Manufacturing Showcases Full F B Tech Spec...

  Gulfood Manufacturing (November 7-9, 2016) aimed to serve the full F B processing value chain i...

Heat and Control to Build a New Spray Dynamics Facility

Heat and Control to Build a New Spray Dynamics Facility

  Heat and Control will build a new Spray Dynamics manufacturing facility located in Union, Missouri, ...

Snyder's-Lance Invests USD38m in Charlotte Sites, but Quits Diamond of California

Snyder's-Lance Invests USD38m in Charlotte Sites, but Q...

  Snyder's-Lance, Inc. has announced the sale of its Diamond of California culinary nut business to Bl...

AHDB Estimates Potato Production at 5.22Mt in Great Britain

AHDB Estimates Potato Production at 5.22Mt in Great Bri...

  AHDB Potatoes' first provisional estimate of total production in Great Britain for the 2016 crop yea...

TOMRA Simplifies Equipment Designations

TOMRA Simplifies Equipment Designations

    TOMRA Sorting Food has launched a new way of naming its food sorting machines, to bring clarity a...

Case Study: South African Manufacturer Reduces Product Giveaway with Multihead Weigher

Case Study: South African Manufacturer Reduces Product ...

  A leading South African snacks manufacturer has reduced product giveaway by as much as 35% following...

Tong Engineering Showcases Latest Equipment Range at LAMMA 2017

Tong Engineering Showcases Latest Equipment Range at LA...

  Tong Engineering is set to showcase the latest model of its Caretaker mobile grader, featuring the n...

Farm Frites Launches Its Ultimate Chip

Farm Frites Launches...

 Potato grower and manufacturer Farm Frites has announced ...

Schmieding Produce Launches Skinny Potato

Schmieding Produce L...

 Schmieding Produce prepares to launch in January a new sk...

 Good Health Launches Eat Your Vegetables Chip Lineup

Good Health Launche...

 Good Health®has launched its new Eat Your Vegetables® chi...

Savoursmiths Luxury Chips Brand Launches in the UK

Savoursmiths Luxury ...

  A new luxury chips brand was created by the fourth genera...

Swedish Brewery Creates the Most Expensive Potato Chip in the World

Swedish Brewery Crea...

 Swedish brewery St. Erik’s has created the world’s most e...

New “Focus on Potato” Webcast Helps Growers Manage White Mold Infections

New “Focus on Potato...

The Plant Management Network (PMN) has released a new pres...

McDonald’s Chooses New Potato Varieties for Fries

McDonald’s Chooses N...

In September, the worldwide fast-food chain chose two new ...

Potato Growers Get Help to Fight with Late Blight Pathogen

Potato Growers Get H...

  The Plant Management Network (PMN) has released in Nove...

Potandon Produce Adds a New Organic Potato Supply Point

Potandon Produce Add...

  Potandon Produce LLC, the industry leader in fresh pota...

Cornell University Receives State Grant to Fight against Golden Nematode

Cornell University R...

 Cornell University received a USD1.2m boost in new state ...

LINPAC Group Limited, the international packaging manufacturer, has successfully completed its debt restructuring following approval from shareholders and lenders.

LINPAC has emerged from this process as a stronger company with a balance sheet restructured on terms more suited to today's economic environment. Debt has been halved and ownership has transferred to the pre-existing banking syndicate, which has also injected additional cash into the group.

The restructuring has only affected the holding companies and not the operating companies of the group. As far as the operations are concerned, it has been business as usual. Under its new ownership LINPAC will continue to invest in the business and support customers with innovative high-quality products and services.

Mike Arrowsmith, Group CEO, said: "LINPAC is a company with a first class customer base, multiple market-leading positions, and a highly dedicated and skilled workforce. The board is confident that, as the global economic outlook starts to improve and with more appropriate financial arrangements in place, we will continue to be a global leader in our markets.

"We are delighted that this process has been successfully concluded and that LINPAC is now so well placed for the future. We have an enviable position as a leader in our markets, and the loyalty of our customers throughout 2009 reflects the quality of our products and services. This restructuring has put the company on a strong footing from which we can maintain our competitive edge and create new opportunities for growth. "

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