Food and beverage giant Nestlé has purchased a majority stake in Terrafertil, a South American organic food company that manufactures plant-based foods and snacks. Financial terms of the transaction have not been disclosed by the ...
Tags: Nestle, Organic Food
Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. ...
Volkswagen and Hyundai Motor have partnered with US self-driving technology startup Aurora Innovation to speed up their autonomous car programs. The partnerships were announced at CES 2018 in Las Vegas, US. Aurora, which designs and ...
Tags: Volkswagen, Hyundai Motor
Canadian dairy giant Saputo has agreed to acquire Australia-based dairy processor Murray Goulburn Co-Operative (MG) for CAD1.29bn ($1.01bn). The is expected to complement the operations of Saputo's Dairy Division (Australia). Saputo ...
Tags: Saputo, dairy processor
Polymer giant Covestro is leading a consortium of 14 partners to study how plastics can be produced from flue gas from the steel industry in an efficient and sustainable manner. The investigation anchored by the materials manufacturer ...
Tags: Steel Plants, Plastics
The Ferrero Group has agreed to acquire Illinois-based non-chocolate confectioner Ferrara Candy from private equity firm L Catterton for an undisclosed price to expand its US business. The transaction made by an affiliated company of ...
Chocolate and confectionery giant Ferrero’s Canada unit will be financially supported by the Ontario government in its C$90m ($72.31m) expansion project that is aimed at boosting productivity of an existing plant. The provincial ...
M/A-COM Technology Solutions Inc of Lowell, MA, USA (which makes semiconductors, components and subassemblies for analog RF, microwave, millimeter-wave and photonic applications) says that its RF Energy Toolkits are now available for order, ...
Tags: RF Systems, Macom
Unilever has agreed to acquire Brazilian natural and organic food business Mae Terra for an undisclosed price to boost its food portfolio. The consumer goods giant expects the acquisition of the Brazilian food manufacturer to accelerate ...
Tags: Unilever, Organic Food
At 12 p.m. EST on October 4th, Google, an American multinational technology company that specializes in Internet-related services and products, launched its high-end pixel smartphones, Pixel 2 and Pixel 2XL,using Android system 8.0. ...
Sun-Tox, a Japanese producer of plastic films, has installed a new biaxially oriented polypropylene (BOPP) film production line manufactured by German engineering giant Brückner. The Japanese firm is a member of Tokuyama Group, a ...
Tags: BOPP Film, plastic film
Hong Kong-based pork supplying giant WH Group said that its subsidiary Smithfield Foods will acquire 100% stake of two Romanian packaged meats manufacturers Elit and Vericom for an undisclosed price. The acquisition will further expand ...
Tags: Smithfield Foods, Packaged Meats
Agribusiness giant Cargill has agreed to merge its fresh chicken business in the UK with Faccenda Foods’ fresh chicken, turkey and duck operations to create a new food firm. The parties will establish a fresh poultry joint venture ...
Tags: Cargill, Faccenda Foods
Chinese search engine giant Baidu has created a new CNY10bn ($1.5bn) Apollo Fund to invest in more than 100 new and emerging autonomous driving projects in the next three years. The company has also released Apollo 1.5, its latest ...
Tags: Autonomous Driving, Apollo
Neenah Packaging is exhibiting its premium packaging products and custom capabilities at this year’s Packaging Innovations & Luxury Packaging event in the UK. At the event, the company is showcasing gift card solution supplied to ...
Tags: Packaging, packaging products