Schweiter Technologies AG has come to an agreement with the Swiss Rieter Group on the sale of all shares in the SSM Textile Machinery division and has executed the transaction simultaneously. SSM Textile Machinery (www.ssm.ch) is a ...
Tags: Schweiter, Textile Machinery
Ecuadorian dairy firm Tonicorp has opened a new dairy production plant in Guayaquil. The inauguration ceremony was chaired by the President of Ecuador, Lenín Moreno, together with directors of Arca Continental and The Coca-Cola ...
Tags: dairy, dairy Facility
Nestlé USA has forayed into the direct-to-consumer (DTC) prepared meals business by acquiring a minority stake in Freshly. The Nestle subsidiary was the leading investor in a $77m funding round in the DTC healthy prepared meals ...
Tags: Nestle, Prepared Meals
Plant-based frozen smoothie producer Bright Greens has raised a seed round led by Kellogg Company’s venture capital fund eighteen94 capital. Blu Venture Investors, an early stage investment group based in the Mid-Atlantic, also ...
Tags: Bright Greens, Smoothie
Affinity Packaging has purchased a Signature Premier 110 CS folder-gluer machine from ACE Machinery in South Korea, through its Wakefield agent Lloyds Print Services. Folding carton capacity is set to increase by 50% and the new addition ...
Eukalin Special Adhesives has joined the Paperboard Packaging Council (PPC), the North American association for paperboard packaging manufacturers and their suppliers. Founded in 1904, Eukalin is a family owned and operated adhesives ...
Tags: Eukalin, Paperboard Packaging
Everyone's launching an OLED telly in 2017, it seems. Toshiba is the latest in on the act, but there's more to its new TV range than just its 65-inch flagship. Toshiba's been a little quiet in the TV game over the past few years, but the ...
Campbell Soup has invested $10m in Chef'd, the US online meal-kit business, to expand its e-commerce capabilities. The investment which is part of a Series B funding round makes the New Jersey-based canned soup producer the largest ...
Tags: Campbell Soup, meal
Philip succeeds Basil L. Anderson, who has retired from his position on the Hasbro Board of Directors. Hasbro's board of directors has experienced a reshuffle as Edward M. Philip appointed as lead independent director. He succeeds Basil ...
Amber Beverage has acquired a minority stake in UK alcohol distributor Cellar Trends. Amber Beverage Group confirmed that the investment is of a strategic nature and that management and operational control of Cellar Trends will remain ...
Tags: Amber Beverage, alcohol
Sealed Air has announced financial results for first quarter 2017, as well as outlook for the complete year. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, “2017 is a transformational ...
Tags: Sealed Air, Packaging
Delphi Automotive is planning to spin off its Powertrain Systems segment into a new, independent publicly traded company, which will allow it to focus on technology for electrically powered and self-driving vehicles. The transaction is ...
Tyson Foods has agreed to buy Ohio-based sandwich producer AdvancePierre Foods for about $3.2bn. The acquisition will expand Tyson Foods' portfolio of prepared foods and protein-packed brands. A subsidiary of Tyson Foods will offer to ...
Tags: Tyson Foods, Sandwich
LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA and Xiamen-based San’an Optoelectronics Co Ltd (China's largest producer of full-color ultra-high-brightness LED epiwafers and chips) are forming a joint venture ...
Kush Bottles, a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its second fiscal quarter ended February 28, 2017. Second Quarter Fiscal 2017 ...
Tags: Kush Bottles, packaging