Shell has completed the sale of Dansk Fuels in Denmark to Couche-Tard for approximately $300 million including working capital. Dansk Fuels comprises Shell’s Retail, Commercial Fuels, Commercial Fleet and Aviation businesses, and ...
Shell has reached a conditional agreement with Malaysia Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC) in Malaysia for $66.3 million. It is MHIL’s intention for SRC to ...
Tags: SRC, shareholding, MHIL, conditional agreement
Cereal maker Post Holdings’ subsidiary Michael Foods has entered into an agreement to acquire National Pasteurized Eggs (NPE) for undisclosed sum. NPE offers pasteurized shell eggs under the Davidson’s Safest Choice brand and ...
Tags: Michael Foods, Post Holdings, NPE
Cooper Standard has entered into an agreement with AMI Industries to acquire the automotive fuel and brake business of AMI Industries and related companies. The North American business was acquired in this transaction effective August 15, ...
Tags: Cooper Standard, AMI, automotive fuel
Packaging Corporation of America has signed an agreement to acquire independent corrugated products producer TimBar for $386m. As per the terms of the deal, PCA will acquire TimBar's five corrugated products plants, two fulfillment ...
Tags: corrugated products, Packaging
US agricultural commodities trader Cargill has sold its wheat flour division in Argentina to Molino Canuelas Sacifia for undisclosed sum. Following the acquisition, Canuelas is expected to control 24% share in the flour in the country. ...
Olam International has acquired a 100% stake in Brooks Peanut Company for $85m. Brooks, which was established in 1959, is based in Samson, Alabama. It is currently the sixth largest peanut sheller in the US. The company processes about ...
Tags: Olam International, Brooks, peanut
Specialty label and packaging solutions provider CCL Industries has agreed to acquire privately held companies Eukerdruck and Pharma Druck CDM (Euker) for approximately $31m including its debt. The two companies have common shareholders ...
Tags: CCL Industries, packaging
Anheseur-Busch InBev (AB InBev) has offered to sell SABMiller’s Eastern European brewing assets to gain regulatory approval for its £71bn merger with the UK drinks company. The Belgium brewer has submitted an updated ...
Tags: AB InBev, EC Approval
Magna International has agreed to acquire Telemotive, an engineering service provider for automotive electronics. Subject to regulatory approval, the transaction is expected to close in the second quarter of 2016. Once complete, ...
Tags: Magna, Telemotive
US-based drinks can maker Ball and Rexam have agreed to sell $3.42bn of assets to Luxembourg-based packaging maker Ardagh in order to gain regulatory approval for the proposed £4.43bn merger. The merger, which is due to be completed ...
Tags: drinks can, Ball and Rexam
General Mills has agreed to sell its Argentina bakery and foodservice business to a Mexico-based baking company Grupo Bimbo for undisclosed sum. However, General Mills will retain its growing retail food business in Argentina, including ...
Tags: General Mills, Grupo Bimbo, Acquisition
DuPont Pioneer and Origin Agritech Limited announced a commercial licensing agreement to develop new seed technologies for Chinese farmers. This combined effort will contribute to the modernization of China's agriculture system and ...
Tags: DuPont Pioneer, Origin Agritech, New Seed Technology, Farmers
Anheuser-Busch InBev (AB InBev) has agreed to sell SABMiller’s Chinese beer business to China Resources Beer Holdings for $1.6bn, in an effort to gain regulatory approval for its pending acquisition of SABMiller. The Chinese ...
Tags: AB In Bev, SABMiller, China Resources, Chinese Beer
Archer Daniels Midland Company (ADM) has entered into an agreement to acquire a controlling interest in gluten-free ingredients provider Harvest Innovations. ADM's WILD Flavors and Specialty Ingredients business unit president Vince ...
Tags: ADM, ingredient needs