South African food company Pioneer Foods has announced that it would buy a 49.89% stake in major FMCG manufacturer Weetabix East Africa for an undisclosed amount. The acquisition is expected to establish a strategic beachhead for Pioneer ...
Tags: Pioneer Foods, Cereal
International Paper reported third quarter 2016 net earnings attributable to International Paper of $312 million ($0.75 per share) compared with net earnings of $40 million ($0.10 per share) in the second quarter of 2016 and net earnings of ...
Cargill has agreed to acquire Brazil-based SGS Microingredients for an undisclosed sum in a move to expand its business in the industrial oils segment. The acquisition of SGS Microingredients is said to be in line with Cargill’s ...
Tags: Cargill, Industrial Oils
Daibochi Flexibles, a wholly-owned subsidiary of Daibochi Plastic and Packaging Industry, has signed a memorandum of agreement (MOA) with Myanmar Smart Pack Industrial Company to tap into the growing consumer packaging market. As part of ...
Tags: Daibochi, Smart Pack, Flexible Packaging
Nestlé Health Science announced that it will make an equity investment of $145m in US-based Aimmune Therapeutics, which corresponds to a 15% stake after completion of the transaction. The parties also entered into a strategic ...
Tags: Food Allergies, Nestle
Detroit-based auto-parts maker American Axle & Manufacturing (AAM) has agreed to acquire Metaldyne Performance Group (MPG) in a transaction worth about $3.3bn. MPG provides lightweight components for use in powertrain and suspension ...
Tags: American Axle, Metaldyne
Essentra, a global provider of specialist packaging and authentication solutions to the pharmaceutical and beauty industries, is set to highlight some of its packaging and design innovations at the Pharma and Pack EXPO conferences in ...
Tags: Essentra, Serialisation Products
Dutch-based Jacobs Douwe Egberts (JDE), through its wholly owned subsidiary Sapphire Investments, has made an offer to acquire Singapore based Super Group for $1.45bn. Super Group is an instant food and beverage brand owner and ...
Tags: Super Group, Jacobs Douwe Egberts
Donaldson Company has introduced new LifeTec technology for food and beverage process filtration. The filters are engineered for higher flow rates, greater strength, and longer life than comparable products, with a variety of media ...
SpartanNash has agreed to acquire certain assets of Indianapolis based Caito Foods Service and its Blue Ribbon Transport (BRT) logistic operations for approximately $217.5m. Additionally, SpartanNash will bear certain transaction costs ...
Tags: SpartanNash, Caito Foods
DuPont Nutrition & Health and Inbiose will jointly launch a new infant nutrition ingredients based on complex carbohydrates found in mother’s milk. DuPont has entered into a joint development and licensing agreement with ...
International Flavors & Fragrances announced that it has entered into an agreement to acquire Fragrance Resources. Founded in 1987, Fragrance Resources is a privately-held, family-owned fragrance company. For almost 30 years, it has ...
Tags: Fragrance Resources, Fragrance
Donaldson has made important advances in food and beverage process filtration with its revolutionary new LifeTec filtration line. The filters are engineered for higher flow rates, greater strength, and longer life than comparable ...
Tags: Donaldson, Food Manufacturers
For reasons Mr. Spock would doubtless dismiss as “illogical” there are still hundreds of thousands of people who've yet to trade in the Galaxy Note 7 handset. Who knows? Perhaps the third of European Galaxy Note 7 owners ...
In October, Jiefang medium and heavy trucks were delivered 20800 units in total, and the sales of only one enterprise-Jiefang has achieved amazing a volume of 200 thousand. In the gloomy time, the heavy trucks industry as a whole had the ...