Brazil-based meat processing company JBS has agreed to sell its beef operations in three South American markets to companies controlled by Minerva for $300m. Under the deal, JBS’ beef businesses in Argentina, Uruguay and Paraguay ...
Tags: Beef Operations, Minerva
2 Sisters Food Group is closing its Smethwick poultry plant in the West Midlands, UK, which will result in the loss of several jobs. The 2 Sisters Food Group, which is owned by food tycoon Ranjit Boparan, revealed that the poultry factory ...
Tags: 2 Sisters Food, poultry
Conagra Brands (CAG) has signed an agreement to divest its Wesson oil brand to the J.M. Smucker (JMS). The transaction is subject to customary closing conditions, including the receipt of any applicable regulatory approvals. The ...
Tags: Conagra Brands
Gordian Strapping has delivered two end-of-line packaging systems to TE Connectivity for its energy division UK office in Witham, Essex. Formerly known as Tyco Electronics, the Swiss firm is into designing and manufacturing of ...
Tags: Gordian Strapping, Packaging
Multi Packaging Solutions (MPS) International has reported a net income of $10.8m, or $0.14 diluted earnings per share, for the third quarter ended 31 March 2017, compared to $3.8m, or $0.05 diluted earnings per share, for the same period ...
Tags: Multi Packaging, Packaging
The Middleby has acquired industrial baking equipment manufacturer Burford. The company is based in Maysville, Oklahoma and has approximately $15m in annual revenues. Selim A. Bassoul, Chairman and CEO of The Middleby Corporation said: ...
Tags: Middleby, Baking Equipment
TreeHouse Foods has agreed to sell its Soup and Infant Feeding (SIF) business to Riverbend Foods, a newly founded portfolio company of Insight Equity. The SIF business is based in Pittsburgh, Pa. and is a leading manufacturer of private ...
Tags: TreeHouse, Infant Feeding
Bosch Packaging Technology is set to unveil new scalable cookie and cracker packaging systems at interpack 2017. At the event, the company will present scalable packaging systems for sweet and savoury biscuits for slug and pile pack ...
Tags: cracker packaging, packaging
Loews has agreed to acquire US-based rigid plastic packaging manufacturer Consolidated Container Company (CCC) from Bain Capital Private Equity for about $1.2bn. Based in Atlanta of Georgia, CCC offers packaging solutions to stable end ...
Tags: plastic packaging, packaging
Samsung might be making waves in the smartphone space, but it’s dropping out of another major product category. Despite being a serious player when it comes to TVs and tablets, the Korean manufacturer has struggled to establish ...
Tags: Samsung, Digital Camera
Russian meat and feed producer Cherkizovo has agreed to acquire domestic grain producer Napko for around RUB5bn ($88m). Cherkizovo will also assume the net debt of the grain producer which stood at RUB751m ($13m) as of 31 March 2017. ...
Tags: meat, feed producer
German private equity firm, Deutsche Beteiligungs (DBAG) is looking to have a major presence in the European chilled convenience product market after agreeing to acquire Abbelen and Oscar Mayer through its top-up fund, DBAG Fund VII. ...
Tags: ready meals, snacks
JBS USA has agreed to acquire Plumrose USA, the bacon and deli-meats business of Denmark's Danish Crown, for $230m. The acquisition is in line with JBS' plans to diversify its product portfolio and expansion of prepared foods and branded ...
Tags: deli-meats, bacon
US chip giant Intel has agreed to acquire Israeli driverless technology company Mobileye in a deal worth about $15.3bn. Intel has agreed to pay about $63.54 per share under the deal, which is expected to close by the end of this year. ...
Italian confectionery giant Ferrero International has agreed to acquire US-based Fannie May Confections Brands from 1-800-Flowers.com for $115m in cash. The deal also includes Fannie May's subsidiaries Fannie May Confections and London ...