Vitamin and supplement giant NBTY has acquired US energy bar brand Balance Bar from private-equity firm Brynwood Partners VI. Brynwood, which acquired the brand from Kraft Foods in 2009, announced the sale for an undisclosed sum yesterday ...
Tags: NBTY, vitamin, supplement, Kraft Foods, energy bar
US baking mix manufacturer Continental Mills has acquired Kretschmer wheat germ owner Sun Country Foods from private-equity firm Brynwood Partners. Continental Mills, which owns products including Krusteaz pancake mixes, said it wanted ...
Tags: Continental Mills, Kretschmer, acquisition, food industry
US distributor United Natural Foods (UNFI) has booked an increase in earnings for fiscal 2012. In the 12 months ended 28 July, net profit amounted to US$91.3m compared to $76.7m a year earlier, the company reported today (11 September). ...
Tags: United Natural Foods, earning rise, food market, food industry
US-based pulp and paper company International Paper (IP) has reached two agreements to sell three US containerboard mills for $470m in connection with the company's acquisition of Temple-Inland for $3.5bn. According to IP, the move aims ...
Tags: Containerboard Mills, forest products, packaging industries
Economic Times reported that ONGC will invest a staggering 27,800 crore or USD 5 billion for an 8.4% stake in an oilfield in Kazakhstan to give a big boost to India's energy security by partnering global majors in developing the world's ...
Tags: ONGC, energy security, oilfield, outbound investments
Tecomet has entered into a definitive agreement to buy Teleflex's OEM orthopedics business for $45.2m in cash. Teleflex's orthopedics business includes the Beere Medical brand product line which provides surgical instruments used for ...
Tags: Tecomet, definitive agreement, Teleflex, OEM orthopedics business
Cigna (CI) has signed an agreement to purchase selected Medicare Advantage plans in Texas and Arkansas from health insurer Humana. The acquisition of three Humana's markets including Amarillo, Longview-Marshall and Texarkana will allow ...
Tags: Cigna, Medicare Advantage plans, health insurer, Humana
Investment AB Kinnevik has received regulatory approval for its previously announced agreement to sell its Korsnas packaging operations to Billerud for SEK2.7bn ($406m), to form a merged group called BillerudKorsnas. According to the ...
Tags: investment, paper machine, white kraft, sack paper
Avery Dennison Corporation announced preliminary, unaudited third quarter 2012 results. “In the third quarter, we delivered the strongest organic sales growth since first quarter 2011,” said Dean Scarborough, Avery ...
Tags: Avery Dennison, third quarter 2012, financial results, net sales
InterMune has completed divestiture of Actimmune (interferon gamma-1b) to Vidara Therapeutics, a part of an international specialty pharmaceutical group of companies with operations in Ireland and the US. Gross proceeds from the sale ...
Tags: Actimmune, interferon gamma-1b, esbriet, pirfenidone
The Australian Competition and Consumer Commission will not oppose the proposed acquisition of Pfizer Nutrition,a global infant nutrition business,from Pfizer Inc by NestléS.A,after accepting a court-enforceable undertaking.See ...
DuPont Co. announced that it will eliminate 1,500 jobs after posting a smaller-than-estimated third-quarter profit DuPont reported third-quarter 2012 earnings from continuing operations were $0.32 per share versus $0.60 per share in the ...
Jo Stanford joined the hotel and leisure chain De Vere Group six years ago as IT director. She says the backup challenges she faces in IT at De Vere Group are not specific just to her business. ''The challenge is what data you retain and ...
OPEL Technologies Inc of Toronto,Ontario,Canada–which makes high-concentration photovoltaic(HCPV)panels and solar tracker systems through its subsidiary OPEL Solar Inc and develops III-V semiconductor devices and processes through US ...
Siemens CEO Peter Löscher Siemens has abandoned its plans to float Osram on the stock market in the wake of disappointing financial results and continued economic turmoil. The German conglomerate will instead make Osram independent ...
Tags: IPO, Siemens, Peter Löscher