GTM (Grupo Transmerquim, S.A.), the second-largest chemical distributor in Latin America, has announced that its founding shareholders have signed a definitive agreement to transfer control of GTM to Advent International, one of the largest ...
Tags: chemical distributor, Construction
Revenue growth: Revenue grew by 2.3% in 3Q14 and by 5.3% in 9M14, with revenue per hl growth of 5.0% in 3Q14 and 4.5% in 9M14. On a constant geographic basis, revenue per hl grew by 4.9% in 3Q14 and by 5.2% in 9M14. Total volumes in 3Q14 ...
Tags: Beer volumes, Revenue growth, Agriculture
Banana producer Chiquita Brands International shareholders have voted against a merger deal with Irish rival c. Post this development, Chiquita will now enter talks with Brazil's Cutrale and Safra following an offer of $14.50 a share. The ...
Canada-based Moosehead Breweries has selected United States Beverage (USB) as its new importer in the US, effective 1 November 2014. Under the partnership, USB will be responsible for sales, marketing and distribution of Moosehead ...
Tags: Moosehead Breweries, USB, Food
Brazil Fast Food Corp, one of the largest food service groups in Brazil with 1,235 points of sale, operating under (i) the Bob's brand, (ii) the Yoggi brand, (iii) KFC and Pizza Hut São Paulo as franchisee of Yum! Brands, and (iv) ...
Tags: Brazil Fast Food, Agriculture, Food
Vipal will display its VL130 ECO tread design, the first in South America to receive U.S. SmartWay approval, at the Latin American & Caribbean Tyre Expo. Vipal Rubber Corp. will display its DV line, VL130 ECO tread and other retreading ...
Tags: Vipal, VL130 ECO Tread Design, Accessories
Mexico-based baking company Grupo Bimbo has agreed to acquire Ecuador bread producer Supan, as part of its strategy to further strengthen its presence in the Americas. The transaction involves number of brands such as the Supan, Bimbo, ...
Tags: Grupo Bimbo, Supan, Food
The Secretariat of Economy (SE), Government of Mexico, has concluded an antidumping investigation and imposed a definitive antidumping duty on imports of synthetic fibre (man-made fibre or MMF) blankets from China. Imports of synthetic ...
Tags: MMF Blankets, Antidumping Duty
Grupo Bimbo has completed the acquisition of Canada Bread Company, the bakery products division of Maple Leaf Foods, in a $1.66bn deal. According to Grupo Bimbo, the integration of Canada Bread will be reflected in its consolidated second ...
Tags: Grupo Bimbo, Bread
Monterrey, Mexico-based PMP Grupo-Planeación, in partnership with India-based Preet Group-PG, announced plans this week to expand into the US and Canada, building mini-mills to process steel scrap. The announcement Monday at the ...
Tags: mini-mills, steel scrap
Mexico-based food company Grupo LALA has posted a 69.8% increase in its Q1 2014 net income to MXN795.7m ($60.6m), compared to MXN468.6m ($35.7m) in the same quarter last year. The company reported a 6.7% rise in year-on-year sales, and ...
Tags: Agriculture, Food
The US Department of Commerce (DOC) announced Monday its affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of steel concrete reinforcing bar from Mexico and Turkey. In the investigation against ...
Tags: antidumping duty, DOC
Canada Bread has announced that its shareholders have approved the company’s proposed sale to a wholly-owned subsidiary of Grupo Bimbo. At a special meeting on 3 April, the deal received approval from shareholders holding around ...
Tags: Canada Bread, Grupo Bimbo
Maple Leaf Foods today announced changes to its organizational structure and leadership that will be effective upon completing the sale of its 90% ownership in Canada Bread Company, Inc. to Grupo Bimbo, S.A.V. de C.V., which is expected to ...
Tags: Agriculture, Food
The Canadian Competition Bureau has approved Mexican firm Grupo Bimbo’s proposed acquisition of Canada Bread. In February, the Mexican firm agreed to acquire Canada Bread for C$1.83bn ($1.66bn). Canada Bread is the bakery products ...