Whole foods snacks manufacturer Dang Foods has received investment from Sonoma Brands, a food and beverage products incubator and venture fund. Under the terms of the deal, Sonoma Brands will take a minority stake in Dang Foods, while ...
Tags: Dang Foods, snacks
PPG, in connection with LKQ Corporation’s announcement of its definitive agreement to purchase Pittsburgh Glass Works (PGW), said it will divest its approximately 40% interest in PGW. LKQ announced that it expects the transaction to ...
Tags: PPG, PGW, LKQ, Automotive glass business, Stake
US-based alcoholic beverage maker Constellation Brands has agreed to acquire San Diego-based Ballast Point Brewing & Spirits for $1bn. Ballast Point is a US-based craft beer company with an expansive portfolio that includes almost 40 ...
Luxembourg-based glass and metal products firm Ardagh Group is delaying its previously planned initial public offering (IPO) for its wholly-owned subsidiary Oressa citing challenging IPO market conditions. Announced in June this year to ...
Tags: glass, metal products, metal can packaging
The European Commission is seeking comments on whether the shareholding of Netherlands-based commodities trading group Trafigura in Belgium-based zinc and lead producer Nyrstar amounts to the company taking "de facto sole control" of ...
Areva and China National Nuclear Corp, or CNNC, signed a memorandum of understanding in Beijing Monday involving the "possible" acquisition of a minority stake by CNNC in the French nuclear company's capital, Areva said in a statement. ...
US-based food company General Mills has embarked on a new journey with the launch of its 301 Inc., a new business venture unit that will focus on building partnerships with emerging food brands to come up with groundbreaking innovation in ...
Coca Cola is said to have dropped its plan to buy minority stake in Greek yogurt maker Chobani, as the beverage company believes that it may not fit its portfolio. Sources familiar with the matter told CNBC that the soft drinks giant is ...
Soft drink giants PepsiCo Inc and Coca-Cola Co are said to be holding separate talks to acquire minority interest in US-based yogurt maker Chobani. The move indicates that beverage companies are making efforts to diversify their business ...
Tags: Soft drink, PepsiCo, Coca-Cola Co, carbonated drinks
US-based craft brewery SweetWater Brewing is preparing for an initial public offering (IPO). Reuters cited people familiar with the matter as saying that SweetWater is negotiating for stock market flotation with investment banks, which is ...
Tags: beverage, beer, brewery SweetWater
German automotive major Daimler Trucks has picked up share in US logistics, telematics and connectivity solutions firm Zonar Systems for designing fully-connected vehicles and providing value-adding data for truck drivers and operators. ...
Tags: automobile production, car manufacture, Daimler Trucks
Bacardi has bought a minority stake in Scotch whisky bottler, producer and marketer Compass Box. With the investment, Bacardi has become a 'long-term' supplier through its John Dewar & Sons business to Compass Box, reported The Spirit ...
Tags: Bacardi, standalone company, Food
Distell Group, a leading liquor producer in South Africa, is in negotiations with India-based Tilaknagar Industries to acquire a few of latter’s brands. Tilaknagar Industries, which has INR 8bn- ($128m) debt, expects to generate ...
Tags: Distell Group, Liquor, Food
Mumbai-based private equity firm Kedaara Capital has forayed into the packaging sector by investing close to $32m (Rs 200 crore) in an unlisted folding cartons and paper packaging company, Parksons Packaging. The company said that it ...
Tags: folding cartons, paper packaging, Packaging
Australian drinks company Coca-Cola Amatil Ltd’s underlying profit declined by a quarter (25.3%) to AUD375.5m ($292.8m) in the 12 months ending December due to drop in volumes of soft drinks. The firm's core brands saw dip in sales ...