Sysco has agreed to acquire Kent Frozen Foods, a UK-based foodservice distributor, for an undisclosed price to expand its European business. The acquisition, which is conditional upon approval from the Competition and Markets Authority, ...
Tags: Frozen Foods, Sysco
Sustainable cardboard packaging supplier VPK Packaging Group has unveiled plans to invest in a new paper machine for light weight recycled containerboard. The investment plan is part of the company's move to increase the integration rate ...
Tags: cardboard packaging, paper machine
To cope with increasing price competition in the blue LED segment, Taiwan-based LED packaging firms are shifting the focus of their production to infrared (IR) and sensing devices, reports Digitimes. China’s largest LED packaging ...
Tags: LED market, LED chips
Qualcomm Technologies Inc, a subsidiary of Qualcomm Inc of San Diego, CA, USA, has announced radio-frequency front-end (RFFE) design wins with leading original equipment manufacturers (OEMs) including Google, HTC, LG, Samsung and Sony ...
OptiGroup has acquired businesses in Romania and Finland to expand its operations of the industrial and safety solutions segment. Proxima Tapes and Proxima Comserv provide industrial packaging sales and services to the customers in the ...
Tags: OptiGroup, industrial packaging
The 115th United States Congress has passed the Craft Beverage Modernization and Tax Reform Act (CBMTRA), which reduces the federal excise tax for breweries, wineries and distilled spirits producers. Under the bill, the federal excise tax ...
Tags: Craft Beverage, Tax Reform Act
South African specialist paper company Sappi has unveiled plans to expand its dissolving wood pulp (DWP) capacity by 2020. The company's plans include potential expansion at its Saiccor DWP Mill to increase the mill’s capacity by ...
The Hershey Company has agreed to acquire Amplify Snack Brands for about $1.6bn to boost its position in the snacking aisle and expand its portfolio of savory snacking brands. The transaction amount also includes around $600m of net debt ...
Tags: Hershey, Amplify Snack
Vietnam Beverage, ThaiBev’s domestic unit, has won a bidding to acquire 54% stake in Saigon Beer Alcohol & Beverage Corp (Sabeco) for $4.8bn. Sabeco is owned and under the authority of Vietnam's Ministry of Trade and Industry. The ...
Tags: Thai Beverage, Beverage
Ford Motor has decided to relocate its autonomous and electric vehicle business to Detroit, US. The company is moving its autonomous and electric vehicle business and strategy teams to the recently renovated industrial complex called The ...
Tags: Ford, Electric Vehicle
Berlin Packaging, the full-service supplier of glass, plastic, and metal containers and closures, has opened a 430,000ft2 office and distribution center in Fairfield. An impactful addition to the company's strong California presence, with ...
Tags: Berlin Packaging, plastic
Bell and Howell has been selected as preferred partner by Packsize International, a manufacturer of custom packaging solutions, to expand preferred service and support for its On Demand Packaging machines. As a preferred partner, Bell and ...
Tags: packaging, Packaging machine
Beyond Meat has closed a new financing round led by Cleveland Avenue, a venture capital firm founded by Don Thompson, former CEO of McDonald’s Corporation. “We see Beyond Meat as a strategic and compelling consumer-focused ...
Tags: Tyson Foods, Beyond Meat
Guardian Optical Technologies announced the launch of breakthrough, patent-pending sensor technology for automobile manufacturers, supported by $5.1m in Series A funding from Maniv Mobility and Mirai Creation Fund. The company will use ...
Tags: automobile, Guardian Optical
Ford has outlined the next phase of its China expansion strategy, focused on SUVs, electric and connected vehicles, a streamlined business structure and closer connections to Chinese customers. Executive Chairman Bill Ford and CEO Jim ...