EU: ECJ clears path for Tetra Laval/Sidel merger
The European Court of Justice (ECJ) has cleared the way for a possible drinks packaging merger between Switzerland's Tetra Laval group, a leader in carton production, and French company Sidel, which makes plastic bottle manufacturing machines.
Judges upheld a ruling by the ECJ's Court of First Instance that the European Commission had been wrong to block the deal in 2001. Brussels had maintained that Tetra would use its muscle to encourage customers switching to PET plastic packaging for milk, fruit juices, still drinks, tea and coffee drinks to use Sidel's SBM machines.
But the junior court annulled this decision, accusing the Commission of "manifest errors of assessment".
Brussels appealed claiming the judges had exceeded their powers, but this argument has now been rejected by the senior ECJ.
While the overall market for tea in the UK has declined by some 12% over the past five years, iced tea consumption is on the rise. Annette Sessions reports on the potential for iced tea in the UK and ...
Coca-Cola announced last week that it was taking over full control of its US water joint venture, CCDA Waters, buying out its partner, Danone. However, speculation over the poor performance of the CCD...
Kirin Beverage Corp. has changed its forecast for the six-month period to 30 June....
Coca-Cola has announced the launch of its newly-named Aquabona mineral water in Spain....
Minute Maid 100% Pure Squeezed Juices, newly created by Coca-Cola Great Britain especially for British consumers, go on sale nationally this week as the first major launch under the Minute Maid brand....
Coca Cola is planning to invest €20m in a new production line at its plant at Socx near Dunkirk in northern France....
Cott Corporation's US subsidiary has begun shipping from its new manufacturing facility in Fort Worth, Texas....
Efes Breweries has posted its consolidated financial results for the quarter to 31 March 2005....
- Analysis - SABMiller's Australian issues continue
- Focus - SABMiller's Q1 Performance by Region
- just The Preview - Diageo's FY preliminaries
- PepsiCo to consider more re-franchising - CEO
- Brazil could have been worse - Coca-Cola Co CEO
- Diageo's Captain Morgan Facebook ad banned
- Diageo silent over Shuijingfang writedown report
- Sales, profits fall at Moet Hennessy in H1
- Champagne Nicolas Feuillatte appoints new CEO
- Molson Coors CEO to retire