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‘Milestone’ deal as Palatine-backed waste manager Papilo buys Midlands group

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Expanded group will focus on companies with zero-waste strategies

Papilo has acquired Allwood Recycling Solutions

Allwood Recycling Solutions is based in Warwick(Image: Allwood Recycling Solutions)

A waste management firm backed by investment group Palatine has acquired a Midlands firm in a “milestone” deal that will create a £60m revenue business with more than 200 employees. Swinton’s Papilo has taken over Warwick-based Allwood Recycling Solutions in its second acquisition since it secured the backing of Palatine’s Impact Fund.

Allwood was founded in 2010 by Darren Wheeler and has been led since 2025 by Gavin Ebery. Both will continue with the Papilo group with the rest of the Allwood team.

The Midlands business focuses on the distribution and logistics sector and manages more than 150,000 tonnes of material each year.

READ MORE: Palatine invests in tech logistics firm fulfilmentcrowd and its global expansion plansREAD MORE: Palatine backs AI and data consultancy Atombit as it makes three acquisitions

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Paul Hodgkiss, CEO of Papilo said: “The Allwood team are hugely well-regarded in the industry and I am delighted to welcome Gavin, Darren and the wider Allwood team to Papilo. They bring outstanding experience, technical knowledge and from the outset, it was clear that we share a common purpose where sustainability, and the circular economy, sit at the centre of every service.

“This is a milestone acquisition for the group and will be a major platform for growth.”

Gavin Ebery, managing director of Allwood Recycling Solutions said: “This deal brings together two purpose-driven, like-minded businesses and I’m very excited about the opportunities it will bring to our customers and our people.

“We look forward to a new phase of growth as part of Papilo in a market where increasing numbers of blue-chip companies are rolling out zero waste strategies.”

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Greg Holmes, senior investment director at Palatine Impact Fund, said: “This is an important strategic acquisition for Papilo, broadening our service capabilities and brings new experience and technical knowledge into the business.

“We are delighted to have supported on Papilo’s second acquisition in the last eight months and look forward to identifying other suitable targets that will further enhance Papilo’s growth.”

The deal, the value of which was not disclosed, was funded by Palatine Impact II, Kartesia and Virgin Money. Papilo was advised by Gateley Plc (legal), Fellwood Advisory (debt advisory), Forvis Mazars (financial and tax due diligence) and Luminii Consulting (commercial due diligence). Advisors to Allwood included HNH Advisors (corporate finance) and Burges Salmon (legal).

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Minute Maid to discontinue frozen juice concentrate products

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Minute Maid to discontinue frozen juice concentrate products

Minute Maid, owned by The Coca-Cola Company, is preparing to discontinue its frozen juice concentrate products, a move that has sparked a wave of nostalgia among longtime fans online.

The change is expected to take effect in the first quarter of 2026 as the company responds to shifting consumer demand. Remaining cans will stay on shelves until supplies are exhausted, a Coca-Cola spokesperson confirmed to FOX Business on Thursday.

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“We are discontinuing our frozen products and exiting the frozen can category in response to shifting consumer preferences,” the spokesperson said. “With the juice category growing strongly, we’re focusing on products that better match what our consumers want.”

COCA-COLA OFFICIALLY ROLLS OUT CANE SUGAR SODA ACROSS US MARKETS FOLLOWING TRUMP’S URGING: REPORT

Minute Maid frozen orange juice cans

Minute Maid frozen orange juice is displayed in a freezer at a grocery store on August 30, 2016, in San Rafael, California.  (Justin Sullivan/Getty Images / Getty Images)

Minute Maid’s current frozen concentrate lineup includes orange juice, lemonade, pink lemonade, raspberry lemonade and limeade, according to The Coca-Cola Company’s website.

Following the announcement, users took to social media to share their nostalgia after food blogger Markie Devo posted about the change, People Magazine first reported.

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Many expressed sadness over the loss of the product.

COCA-COLA INTRODUCES CONTENDER IN PREBIOTIC DRINK TREND AS ‘GUT-HEALTHY’ SODAS GAIN POPULARITY

Minute maid frozen lemonade cans

Cans of Minute Maid frozen lemonade are displayed on a store shelf on Feb. 5, 2026, in San Anselmo, California.  (Justin Sullivan/Getty Images / Getty Images)

“NOOOOOO! This is my literal childhood,” one user wrote.

“An end of an era is right! My favorites growing up. Sad to hear this,” another commented.

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“My Mom made pies using the lemonade,” another wrote, adding a crying emoji. “They are getting rid of so many childhood memories! Thank you for posting.”

“I hated these but I am somehow still sad to see them go,” another user added.

Minute Maid’s frozen concentrate products have long held a place in U.S. food history, with the brand’s frozen orange juice dating back 80 years, according to The Coca-Cola Company’s website.

COCA-COLA RECALLS TOPO CHICO MINERAL WATER OVER BACTERIA CONCERNS

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Coca-Cola logo displayed on building

Signage outside the Coca-Cola bottling plant in Albany, New York, on Jan. 30, 2024.  (Angus Mordant/Bloomberg via Getty Images / Getty Images)

The move comes as Coca-Cola shifts its broader strategy, placing greater emphasis on zero-sugar beverages and brands such as Fairlife milk amid evolving consumer preferences, Reuters reported.

Coca-Cola also recently began rolling out soda made with U.S. cane sugar across the country. 

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A 12-ounce, single-serve glass bottle of the cane sugar version of its signature soda launched in select markets nationwide last fall, a company spokesperson previously told The New York Post.

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The Bancorp, Inc. 2025 Q4 – Results – Earnings Call Presentation (NASDAQ:TBBK) 2026-02-05

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-01-29 Earnings Summary

EPS of $1.28 misses by $0.18

 | Revenue of $92.08M (-2.35% Y/Y) misses by $51.07M

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Kinross Gold: Defensive For A Miner, But Gold Risk Still Rules (NYSE:KGC)

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Kinross Gold: Defensive For A Miner, But Gold Risk Still Rules (NYSE:KGC)

This article was written by

I am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover high-growth investment opportunities. As a former Vice President at Barclays, I led teams in model validation, stress testing, and regulatory finance, developing a deep expertise in both fundamental and technical analysis. Alongside my research partner (also my wife), I co-author investment research, combining our complementary strengths to deliver high-quality, data-driven insights. Our approach blends rigorous risk management with a long-term perspective on value creation. We have a particular interest in macroeconomic trends, corporate earnings, and financial statement analysis, aiming to provide actionable ideas for investors seeking to outperform the market.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Where billionaires’ investment firms placed their bets in January

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Where billionaires' investment firms placed their bets in January

Key Points

  • Investment firms of the ultra-rich started the new year with buzzy investments, including in a motorcycle racing team.
  • But 2026 is hardly off to a roaring start, with family offices making 32% fewer direct investments in January on an annual basis, according to Fintrx.
  • While family offices are making fewer bets, their appetite for mega-rounds, which have come to dominate the VC landscape, hasn’t waned.

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Homebuyers gain leverage in these 3 metros as housing market slows

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Homebuyers gain leverage in these 3 metros as housing market slows

Three of the nation’s largest housing markets are seeing a sharp rise in the number of homes for sale, giving buyers more choices even as the overall U.S. housing market shows signs of cooling.

In January, 46 of the country’s biggest metro areas had more homes on the market than they did a year earlier. Seattle saw the biggest increase, with inventory jumping 32.4%.

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Charlotte, North Carolina, followed at 28.6%, while Washington, D.C., ranked third with a 26.8% rise, according to Realtor.com’s January 2026 Monthly Housing Market Trends Report.

In Seattle and Charlotte, much of the inventory growth is being driven by homes lingering on the market longer rather than a surge of new sellers, Realtor.com Senior Economist Jake Krimmel told FOX Business.

HOMEBUILDERS REPORTEDLY DEVELOPING “TRUMP HOMES” PROGRAM TO IMPROVE AFFORDABILITY

The Seattle skyline as seen at dusk.

People gather at Kerry Park to see the Space Needle at dusk in Seattle June 21, 2025. (Juan Mabromata/AFP via Getty Images)

Homes in Seattle took about 15 days longer to sell than they did a year ago, while Charlotte homes remained on the market roughly 12 days longer. 

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“[Washington], D.C., is a little different, where stronger new listing growth seems tied to uncertainty over the local job outlook,” Krimmel told FOX Business.

Seattle’s expanding supply is also being influenced by layoffs in the tech sector, according to Michael Orbino, a managing broker at Compass.

“Several companies, including T-Mobile, Microsoft and Amazon, are repositioning their workforces,” Orbino said in a statement. “This is not a large part of the inventory but often puts buyers in pause mode, which has the effect of slowing down absorption, which increases inventory.”

JUST 17% OF VOTERS THINK NOW IS A GOOD TIME TO BUY A HOME AS AFFORDABILITY CONCERNS WEIGH: POLL

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Skyline of Charlotte, North Carolina.

An aerial view of Charlotte, N.C. (iStock)

Several other metro areas also saw significant increases in homes for sale.

Louisville, Kentucky, was up 25.6%, while Las Vegas and Indianapolis each rose 25.4%. Baltimore saw inventory climb 24.1%, San Jose increased 23.3% and Cincinnati rose 21%, Realtor.com reported.

Regionally, the West posted the largest year-over-year inventory gain in January, up 12.2%. The Midwest followed at 10.3%, with the South close behind at 10.1%. The Northeast continued to lag, with inventory rising just 6.6%, according to the report.

COALITION WARNS TRUMP MORTGAGE CREDIT SHIFTS COULD SPARK ANOTHER 2008-STYLE CRASH

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The U.S. Capitol building in snow.

The U.S. Capitol in Washington, D.C., Jan. 26, 2026. (Mandel Ngan/AFP via Getty Images)

Nationally, housing inventory is up 10% from a year ago, but the pace of recovery is slowing. Year-over-year inventory growth has declined for nine consecutive months, and new listings rose just 0.7% compared with last year, Krimmel said.

January inventory remained more than 17% below 2017 to 2019 levels, according to Realtor.com.

CLICK HERE TO GET FOX BUSINESS ON THE GO

“Even though January is the slow season for housing, it’s an important moment to take stock,” Krimmel added. “The data and trends coming in right now will set the stage for how the market might behave once things pick up in the spring.”

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North East tech firm Vianet seals ‘significant’ deal with US restaurant group

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The Stockton firm updated shareholders on a robust first half, but reiterated how customers have been cautious to invest

James Dickson, chairman of Vianet Group

James Dickson, CEO and chairman of Vianet Group(Image: Jonathan Pow/jp@jonathanpow.com – for Vianet Group)

North East drinks and vending tech firm Vianet has announced it has sealed a “significant” deal with a US restaurant group. The Stockton business, which specialises in telemetry and data collection, said its subsidiary Vianet Americas Inc has entered a long-term, multi-year agreement with a large full-service restaurant company.

Under the deal, the value of which has not been disclosed, the US restaurant firm will use Vianet’s Beverage Metrics solution – the US-based, inventory software business Vianet acquired in 2023 – in its sites across the nation, within one of its major brands. The system helps hospitality operators to monitor and manage inventory.

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James Dickson, president of Vianet Americas Inc and CEO of its parent company Vianet Group PLC, said: “This agreement reflects continued progress in the group’s strategy and together with our recent contract with World of Beer, and new partnership agreement with www.Fintech.com, it reinforces our long-term commitment to investing in the US hospitality market, which continues to perform strongly.

“Deploying Beverage Metrics to a leading restaurant operator validates the relevance of our technology for large, multi-site operators in delivering measurable operational and financial benefits at scale.”

The deal was announced as the company provided a trading update to shareholders, highlighting how its two divisions – hospitality and unattended retail – are expanding their installation footprint by extending existing customer contracts and winning new clients, despite the backdrop of UK economic uncertainty, particularly within hospitality.

Despite delivering recurring income and a healthy pipeline, it said its “customers’ current cautious approach to investment” meant its activities had been slower than previously anticipated in the second half of the year. It said a “robust” performance in the first half of 2026 saw Ebitda rise by 10.5% to £1.88m, but it expects full year profit to be similar to its 2025 performance.

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Last June it reported Ebitda of £4.14m for its 2025 financial year. At the year-end, it said net debt is projected to be in line with market forecasts, which it said should facilitate a continued increase in the group’s final dividend.

Mr Dickson added: “I’m pleased with the progress our business is making despite the challenging economic environment. The expansion of existing customer contracts, the acquisition of new clients, and our advancements in the USA underscore the strength and quality of our operations.

“These developments will drive growth in recurring income and enhance cash generation. We remain optimistic about the group’s outlook and expect to deliver increased returns for our shareholders.”

Last November Vianet said earnings grew 11.6% to £1.73m in the six months to the end of September, and described a “solid” performance in which recurring revenues made up 84% of total income, with gross margins said to be healthy. The increase in Ebitda was in line with expectations despite a £140,000 investment in Beverage Metrics.

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Like this story? For more news from the tech sector, visit our dedicated page for the latest news and analysis here.

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10 Must-Know Facts About Golf’s Most Dominant Champion

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Tyler Shough

Scottie Scheffler is the dominant force in men’s golf right now, and his rise has been one of the most remarkable stories in modern sports. Here are 10 essential things you need to know about the world No. 1.

Scottie Scheffler
Scottie Scheffler

1. He is a multiple major champion

Scottie Scheffler has already built a major-championship résumé that puts him in elite company. He owns multiple Masters Tournament titles, winning his first green jacket in 2022 and adding a second Masters victory in 2024. In 2025 he captured the PGA Championship, giving him at least three majors before turning 30 and placing him alongside some of the game’s greatest early-career performers. At The Open, he has also contended on links golf’s biggest stage and is now recognized as a complete player across all major setups.

2. He has already dominated a full PGA Tour season

Scheffler’s 2024 campaign is widely viewed as one of the best single seasons of the modern era. That year he won the Arnold Palmer Invitational for a second time, then became the first back‑to‑back winner in the history of The Players Championship, a tournament often called the sport’s “fifth major.” He followed that with a second Masters title and a win at the RBC Heritage, giving him four victories in five starts during an astonishing spring run. Later that stretch of dominance helped propel him to the FedEx Cup title and the season‑ending Tour Championship, cementing his status as the game’s standard‑bearer.

3. He’s a former world No. 1 with a historic reign

Scheffler is not just a one‑year wonder; he has sat atop the Official World Golf Ranking for a sustained period. After his breakout wins in 2022, he ascended to world No. 1 and has repeatedly reclaimed and extended that position. By 2025 he became the first player since Tiger Woods in 2007 to reach 100 consecutive weeks as world No. 1, a milestone that underscores how completely he has separated himself from his peers. As of early 2026, official profiles still list him at No. 1 in the world rankings, with a sizable cushion in advanced statistical metrics and points systems.

4. His college roots are at the University of Texas

Before he was the dominant pro on television, Scheffler was a standout at the University of Texas, one of the premier college golf programs in the United States. At Texas he collected wins and top finishes in major collegiate events, including a Big 12 Championship title and strong showings in NCAA regional and national championships. His performances for the Longhorns confirmed what junior and amateur observers already suspected—that he had the temperament and ball‑striking to thrive against the very best.

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5. He tore through the Korn Ferry Tour on his way up

Scheffler did not skip steps on his way to the PGA Tour. After turning professional in late 2018, he spent a full season on the Korn Ferry Tour, the main developmental circuit for PGA Tour hopefuls. There he won multiple titles, finished at the top of the points list and comfortably secured his PGA Tour card for the 2020 season. His dominance at that level hinted that his ceiling was far higher than simply keeping a card; it foreshadowed a quick leap into the game’s top tier.

6. His breakout PGA Tour season came in 2022

Although Scheffler’s rookie year on the PGA Tour in 2020 brought plenty of promise—including a final‑round 59 at The Northern Trust—2022 was the year he became a superstar. That season he picked up his first PGA Tour win at the WM Phoenix Open in February, defeating Patrick Cantlay in a playoff. He followed with victories at the Arnold Palmer Invitational and the WGC‑Dell Technologies Match Play before winning the Masters for his first major championship. The run earned him Player of the Year honors and vaulted him to No. 1 in the world, transforming him from promising talent to the face of men’s golf.

7. He is a prolific winner with huge career earnings

By mid‑2025 Scheffler had compiled 15 PGA Tour wins and 20 professional victories overall, including titles on the Korn Ferry Tour and at the limited‑field Hero World Challenge. Those tallies include his three majors and one World Golf Championship, plus multiple wins in signature events like The Players and the Arnold Palmer Invitational. Official PGA Tour records show that he has surpassed $100 million in career earnings, making him one of the highest‑earning players in tour history at a relatively young age. His victory at the 2024 Tour Championship alone delivered a $25 million FedEx Cup bonus, highlighting the financial scale of his dominance in the current era.

8. He is an Olympic gold medalist

Scheffler’s résumé is not limited to the PGA Tour and majors—he has also succeeded on one of the biggest global stages in sports. At the 2024 Paris Olympics he captured the gold medal in men’s golf, representing the United States. The victory added a unique line to his legacy, placing him among the rare modern golfers who can claim both major titles and Olympic hardware. That performance reinforced his reputation as a player who thrives under pressure and delivers when national pride is on the line.

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9. He has been a key figure in U.S. team golf

Scheffler has become a fixture on American Ryder Cup and Presidents Cup teams. He made his Ryder Cup debut in 2021, contributing to a record‑setting U.S. victory and impressing observers with his poise in the intense match‑play environment. Since then, he has been viewed as a cornerstone of U.S. team lineups, often slotted into crucial singles and pairing positions thanks to his reliable tee‑to‑green game. His success at the WGC‑Dell Technologies Match Play further underscores his comfort in one‑on‑one showdowns, a critical asset in team competitions.

10. His game is built on elite ball‑striking and improved putting

Statistical profiles consistently show Scheffler near the top of the PGA Tour in strokes gained tee‑to‑green, reflecting his exceptional driving, iron play and short‑game control. For much of his early career, analysts viewed putting as the one relative weakness in an otherwise complete package. That narrative shifted in 2024, when he changed to a mallet putter—reportedly after a suggestion from fellow star Rory McIlroy—and transformed his performance on the greens, draining virtually everything inside 15 feet during his win at the Arnold Palmer Invitational. With his putting upgraded to match his ball‑striking, Scheffler’s margin over the field widened dramatically, fueling the historic win streaks that defined his mid‑2020s peak.

Scottie Scheffler’s story is still being written, but the outline is already clear: a college standout who dominated the developmental tour, exploded into multiple‑major stardom, anchored U.S. teams and put together a world‑No.‑1 reign that draws direct comparisons to the game’s all‑time greats.

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A Bad Time for Private Credit’s Trust-Me Numbers

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David Uberti hedcut

Private-credit firms, like private-equity managers, long used opacity to their advantage. Right now it is a liability.

Fear over the outlook for software companies swept through the markets this week. Anthropic unveiled new artificial-intelligence tools to automate tasks for lawyers such as contract reviews and legal briefs. Software stocks tanked, as did shares of media companies, stock exchanges and providers of research and data.

Alternative-asset managers such as Blue Owl Capital and Ares Management were hard hit, as were the likes of KKR and Blackstone. On the credit side, some of the loan books they manage are weighted heavily to software makers and other services providers paying rates befitting junk credits.

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Earnings call transcript: Knowles Corp Q4 2025 sees revenue and EPS beat

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Earnings call transcript: Knowles Corp Q4 2025 sees revenue and EPS beat

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Blackstone appoints bankers for Piramal Glass IPO

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Blackstone appoints bankers for Piramal Glass IPO
Blackstone has appointed Axis Capital, Bank of America and HSBC as lead bankers for the proposed initial public offering of PGP Glass, formerly Piramal Glass, sources familiar with the matter told The Economic Times.

PGP Glass, which is fully owned by Blackstone, is expected to raise about $400 million to $500 million through the public listing, the sources said. Bloomberg reported last month that Blackstone was considering an IPO at a valuation of around $4 billion.

Blackstone spokesperson declined to comment.

Blackstone acquired Piramal Glass from the Ajay Piramal family in 2020 at a valuation of about $800 million. The transaction was advised by Axis Capital and Bank of America.

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PGP Glass Private Limited is a global specialist in design, production, and decoration of glass packaging, providing glass packaging solutions for customers in the Cosmetics & Perfumery, Food & Specialty Spirits, and Pharmaceuticals industries.


It has presence in India and Sri Lanka with an overall capacity of 1,720 tonnes per day, with 12 furnaces and 70 production lines. It has offices and warehousing facilities in France, Germany, Turkey, Spain, Brazil, India, the UAE, UK, and Sri Lanka. PGP Glass serves customers in over 50 countries around the world, according to the company website. About 77% of its sales come from high end cosmetics and specialty spirits.
Incorporated in 1974, Piramal Glass (formerly Gujarat Glass) was acquired by the Piramal Group in 1984. In 1990, it was merged with Piramal Healthcare Limited (PHL, erstwhile Nicholas Piramal India Limited), and in 1998, the glass division was spun off to a subsidiary. Subsequently, private equity (PE) investors picked up 46% stake in this subsidiary. After restructuring operations, in July 2003, PHL divested its 54% holding in Gujarat Glass to a new subsidiary, Kojam Fininvest, which was subsequently listed. This was followed by the merger of Kojam Fininvest into Gujarat Glass and the merged entity was later relisted as Piramal Glass Limited. It was delisted from both stock exchanges effective from July 2014.

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