Deals this week: Diecut UK, OI European Group

23 March 2017 (Last Updated March 23rd, 2017 18:30)

Diecut UK has reached an agreement with UK's leading Packaging Machinery Supplier, Fyne Packaging, for the exclusive selling rights of the latter’s box making machinery.

Diecut UK has reached an agreement with UK's leading Packaging Machinery Supplier, Fyne Packaging, for the exclusive selling rights of the latter’s box-making machinery.

Fyne Packaging’s existing box-making system comprises the Harrier double-pass box maker and the Vulcan single-pass box maker, while the company also manufactures the Hawk slitter / creaser.

The deal helps Diecut UK to expand its industrial machinery portfolio.

“Fyne Packaging’s existing box-making system comprises the Harrier double-pass box maker and the Vulcan single-pass box maker."

Netherlands-based OI European Group has reached an agreement to raise €200m ($214.73m) through private placement of senior notes due 2024.

OI European Group is an indirect wholly-owned subsidiary of Owens-Illinois, a glass containers manufacturer based in the US.

To be issued at an annual interest rate of 3.12%, the senior notes will be guaranteed by Owens-Illinois and its US domestic subsidiaries.