Ford is shifting its electric vehicle and autonomous vehicle business teams into a refurbished former factory situated in Detroit’s historic Corktown neighborhood. Much more than just a relocation, the move is a purpose-driven ...
Tags: Ford, Electric Vehicle
DS Smith has completed the acquisition of North American packaging company Corrugated Container Corporation (CCC) for an undisclosed amount. The CCC, which is a family-owned business, has around 190 employees across its four operations in ...
Tags: Corrugated Container, packaging
Aldi has introduced a new label to feature on milk products to promote the health benefits of drinking milk. The new We Love Milk label will feature on Aldi’s Cowbelle-brand milk. It is part of a drive from the company to promote ...
Tags: Aldi, Milk Range
Mercedes-Benz Cars is extending its capacities for electric cars in Europe with an investment of about €500m to manufacture electric compact car at Hambach plant in France. The Hambach plant in France will produce a compact electric ...
German automaker Daimler has started production of its Mercedes-Benz A-Class vehicle at the Mercedes-Benz Kecskemét plant in Hungary. This makes the Hungarian plant, about 90 km in the south of Budapest, the second location ...
Tags: Mercedes-Benz, A-Class
Nestlé has agreed to acquire rights to market Starbucks consumer and foodservice products globally, outside of the latter’s coffee shops. This transaction provides Nestlé with a strong platform for continued growth in ...
Tags: Nestle, Starbucks Products
Filtration Group announced the closing of its acquisition of Multisorb Technologies, a world leader in active packaging technology. As part of the Filtration Group family, Multisorb will now be able to enhance its product portfolio and ...
Eurofins Scientific has agreed to acquire Covance Food Solutions, the food testing and consulting business of global life sciences company LabCorp, for $670m. The global bioanalytical testing firm said that the acquisition will expand its ...
Tags: Eurofins, Covance Food
Personal care giant Procter & Gamble (P&G) has announced new sustainability goals for 2030, which include 100% recyclable or reusable packaging. PG announced it has achieved many of its 2020 environmental sustainability goals, has plans ...
Tags: Recyclable Packaging, Packaging
European dairy giant Arla Foods has initiated an internal transformation program in an effort to realize more than €400m of savings by the end of 2020. The program, dubbed Calcium, seeks to strengthen the company's performance to the ...
Tags: Brexit, Arla Foods
OFD Foods, a supplier of freeze-dried food for the US Military, has started construction on a $25m, nearly 50,000ft2 facility in the Town of Henrietta, Monroe County in New York State. The facility, which will be operating by the end of ...
Tags: OFD Foods, dried food
AB Inbev’s innovation unit ZX Ventures has acquired UK-based spirits company Atom Group for an undisclosed amount. Atom Group, which is based in Kent, UK, consists of three units including Master of Malt, an online retailer, Atom ...
A consortium of Ningbo Joyson Electronic (Joyson Electronics) and Asia-based private equity firm PAG have offered funding to Key Safety Systems (KSS) in acquiring the all of the global assets of Japan-based airbag-maker Takata. Takata's ...
US-based Twin Rivers Paper has signed an agreement to acquire Mondi Group’s paper mill in Pine Bluff, Arkansas. Terms of the deal, which is expected to be completed in the second quarter of this year, have not been disclosed. Pine ...
Tags: Twin Rivers Paper, Paper Mill
Groupe PSA is investing in Luton facility in the UK to manufacture a new Opel/Vauxhall Vivaro by 2019. The company said the success of its light commercial vehicle strategy needs further manufacturing capacity and the investment in Luton ...
Tags: Groupe PSA, Brexit Uncertainties