latest news releases from the newsroom
SCA Completes U.S. Packaging Acquisition
STOCKHOLM, Sweden, Feb. 12, 2003 (PRIMEZONE) -- SCA (Other OTC:SVCBF) has acquired the North American protective packaging company Specor Systems, Inc. for a purchase price of USD 9 M (SEK 77 M) on a debt-free basis. Specor Systems, with two production units in Wisconsin and one in Minnesota, produces customized packaging, which complements SCA's protective packaging operations in the U.S. Synergies will be achieved through the opportunities that exist for consolidation with the SCA production units in southern Wisconsin.
Cambrooke Foods Partners With Paramed
FRAMINGHAM, Mass., Feb. 12, 2003 (PRIMEZONE) -- Cambrooke Foods, developer of low protein food products for metabolic and restricted protein patients and Paramed, Canada's National Food Distribution Center, announce a cooperative effort to bring low protein foods to Canadians who previously had limited options of food to satisfy their strict low protein diets.
MarketBeasts.com LLC Completes Merger with Broadway Capital, Inc.
KISSIMMEE, Fla., Feb. 12, 2003 (PRIMEZONE) -- MarketBeasts.com LLC has completed all of its financial and material obligations as defined by its merger agreement with Broadway Capital, Inc. originally announced October 17, 2002. The company is now completing the filing of the National Association of Security Dealers (NASD(r)) forms for listing. Founding principal Scott Piel noted: "MarketBeasts has developed a concise business plan with reasonable goals and timelines and I am pleased to see that it is consistently meeting our goals on schedule. MarketBeasts.com LLC remains confident that it will complete the first round of private capitalization and attain public listing by the end of the 1st Quarter, 2003, as planned."