The Competition Commission of India (CCI) has approved Warren Buffett's Berkshire Hathaway and 3G Capital proposed acquisition of American food company HJ Heinz. CCI said that the transaction is not likely to have any adverse effect on ...
Tags: Berkshire Hathaway, 3G Capital's Acquisition, Agriculture
Symrise has acquired the global fragrance business of the Belmay Group, an international developer and manufacturer of fragrances and perfume oils. With this acquisition, Symrise is taking another strategically important step towards ...
Tags: Fragrance Acquisition, Daily Use
The Food Safety Authority of Ireland (FSAI) has published the second round of the food industry’s own tests, which were carried out over the last three weeks. The tests revealed that a total of three samples contained horsemeat. A ...
Tags: Foods, horsemeat, Foods products
Brazilian investment firm 3G Capital’s owner Jorge Paulo Lemann has acquired 20% stake in icecream manufacturer Diletto for BRL100m ($50.5m). The transaction was completed in January and was handled through Innova, a fund controlled ...
Tags: ice cream firm, ice cream, icecream
The food industry’s biggest ever takeover was announced over the past month with the sale of Heinz to a consortium led by the sage of Omaha, Warren Buffett, and Brazilian private equity specialist Jorge Lemann’s 3G Capital group ...
The 45 years old pump specialist decides after many years of successful work to look for new career challenges. Gilbert Faul had, at last as Member of the Executive Board, been key to the development of the Wilo Group in China, Korea, ...
Tags: Wilo, Gilbert Faul, New Career Opportunities
Shrek The Musical, which has enjoyed an extended three-month run at the Amsterdam RAI Theatre, has been playing regularly to full houses in the 1750-capacity venue. Giving increased realism to the friendly green ogre has been SGM's new ...
Tags: Shrek The Musical, SGM, Washlight
American food company HJ Heinz is set to sell its packaged frozen food business Long Fong to China-based frozen food manufacturer Sanquan Foods for an undisclosed amount. The move is a part of Heinz's strategy to de- emphasize non-core ...
Tags: HJ Heinz, packaged frozen food, Long Fong
Food giant Heinz has launched a range of gluten-free pasta and sauces in the UK as the company looks to tap into the growing category. Available from mid-March, the Deliciously Gluten Free range comprises three pasta varieties: Penne, ...
Heinz has reported underlying third-quarter earnings that beat Wall Street forecasts, although its sales came in under analyst estimates. The US food giant yesterday (21 February) booked earnings per share for continuing operations and ...
Tags: Heinz, food giant, food
The US Securities and Exchange Commission has launched legal action against unknown traders over claims they broke rules when trading in Heinz options before the US$28bn deal to buy the food giant was announced. The SEC claims traders had ...
Tags: SEC, legal action, Heinz Options
The US Securities and Exchange Commission is reportedly looking at a surge in options trading in the hours before Heinz announced it had agreed to a US$28bn takeover bid. The New York Times said today (15 February) the SEC had opened an ...
Tags: SEC, options trading, Heinz
Heinz has agreed to be bought by Warren Buffett's Berkshire Hathaway fund and private-equity firm 3G Capital for US$28bn - the largest-ever takeover in the food sector. In a shock announcement today (14 February), the US food giant said ...
Tags: Heinz, Warren Buffett, 3G Capital
Famed US investor Warren Buffett today (14 February) labelled Heinz as his "kind of company" after his Berkshire Hathaway fund struck a deal to pay US$28bn for the ketchup giant. Speaking to CNBC after Berkshire's offer was announced - ...
Tags: Warren Buffett, Heinz, kind of company
Heinz has launched two new oriental sauces - Amoy Special Selection Soy Sauce and Amoy Thai Sweet Chilli Sauce. The company said that the launch came in response to increased demand for products that consumers can use to "cook from ...
Tags: Heinz, Amoy oriental sauces, sauces