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.

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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.

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