The Adidas Group entered into a definitive agreement to sell its Rockport business to a new entity formed by Berkshire Partners and New Balance for a total consideration of $280 million, most of which will be paid in cash with the remainder ...
Tags: footwear brands, Sporting Goods
AdvancePierre Foods, a supplier of protein and sandwich products to foodservice, retail and convenience channels, has entered into a definitive agreement to acquire the wholesale and manufacturing operations of Landshire, a manufacturer of ...
Tags: sandwich products, patties, subs, wedges, Agriculture
The installed base for 'smart' street light luminaires is set to grow rapidly, with network controlled nodes set to rise from two million at present to 40 million by 2019, finds ABI Research. "Alongside the energy savings, lifespan, and ...
Silent Running has teamed up with Summit Racing Equipment to distribute its automotive spray on insulation product line, SR CAR. “Since developing SR CAR we received such positive feedback that we decided we were ready for a ...
Diaz Foods, a marketer of specialty foods based in Atlanta has acquired La Cena Fine Foods of Saddle Brook, NJ. The DAK Group served as exclusive investment banker to La Cena, initiating the transaction and managing the divestiture ...
Tags: Diaz Foods, specialty foods
Sonoma Cider has expanded its distribution network by adding two California distributors including Harbor Distributing and Pacific Beverage. The companies have signed distribution agreements to this effect. Under the agreed terms, ...
Tags: Sonoma Cider, Beverage
Brazilian poultry meats exporter and dairy products processor BRF has agreed to form a joint venture (JV) with PT Indofood Suskes Makmur in Indonesia. A binding memorandum of understanding to this effect was signed between both the ...
Tags: milk, ice cream, yoghurt drinks, Agriculture
Eltex of Sweden, a leading manufacturer of stop-motion equipment for textile machines, has selected International Business Systems (IBS), a leading global integrated ERP and supply chain solutions provider, as its strategic partner to build ...
Tags: ERP System, textile machines, food handling, Textile
Mexican food firm Grupo LALA has agreed to acquire assets of Nicaraguan food company Eskimo for an undisclosed amount. An agreement to this effect was signed by both the companies, with the transaction to be closed after obtaining ...
Tags: ice cream, milk and yoghurt, Agriculture
Spain-based Mahou San Miguel has acquired 30% stake in US-based Founders Brewing for an undisclosed amount. The acquisition forms a part of the company's strategy to continue exploring growth opportunities internationally. Founders ...
Tags: beers, Agriculture
Volvo’s car division is planning to sell vehicles online, along with the introduction of new models to get an edge above its rivals including BMW. The company has reportedly outlined changes to its global marketing strategy which ...
Tags: e-commerce, digital advertising, Auto
Analog Devices Inc (ADI) of Norwood, MA, USA (which provides ICs for analog and digital signal processing applications) says that its complete RF and microwave portfolio, including Hittite Microwave Products, is now available for sale ...
India-based Reliance Industries Limited (RIL) and China-based Shandong Ruyi Science and Technology Group Co Ltd (Ruyi) (through its wholly owned subsidiary), have signed definitive agreements for setting up a joint venture (JV) in textiles, ...
Tags: joint venture, Textile
Welspun India Limited (WIL), part of the US$ 3 billion Welspun Group, has unveiled its new spinning facility at Anjar in Gujarat, which is India’s largest spinning facility under one roof. The new, world-class facility was ...
Tags: Spinning Facility, yarn, Textile
GaN Systems Inc of Ottawa, Ontario, Canada, a fabless producer of gallium nitride (GaN)-based power switching semiconductors for power conversion and control applications, has signed an agreement for Japanese company Daito Electron Co Ltd ...
Tags: GaN Systems, Daito Electron, Electrical