Crown Holdings announced its financial results for the third quarter ended 30 September 2016. Third Quarter Highlights Earnings per share $1.31 for the quarter; $3.09 YTD versus $2.35 in 2015Adjusted earnings per share $1.33 for the ...
Tags: Crown Reports, Earnings
French dairy giant The Bel Group has entered into an agreement with LBO France to acquire a majority stake in fruit snacks and dessert maker MOM Group. Under the agreement, Bel will acquire 65% stake in the company, while the remaining ...
Tags: Bel, Healthy Snack
Nissan Motor has acquired a 34% equity stake in Mitsubishi Motors (MMC) and became its largest shareholder. MMC will also become part of the global Alliance with Nissan and Renault. With the addition of MMC, the Alliance will be in the ...
Tags: Mitsubishi Motors, Nissan
"Innovative play experiences, engaging storytelling and global execution of Hasbro's brand blueprint continues to drive consumer and retailer demand for our brand portfolio," said Brian Goldner, Hasbro's chairman, president and chief ...
Tags: Hasbro, Boys category
Campbell Soup Company has appointed Ed Carolan as president for Campbell Fresh (C-Fresh). Carolan, 47, will lead the division that includes Bolthouse Farms beverages, salad dressings and carrots, Garden Fresh Gourmet salsa, hummus and ...
Ardent Mills is showcasing its latest grain-based industry solutions at the 2016 International Baking Industry Exposition (IBIE), which is being held from 8 to 11 October. "At Ardent Mills, we continuously work for the good of grain, and ...
Tags: Ardent Mills, IBIE Show
South Africa-based Rhodes Food Group has announced plans to acquire domestic food producer Pakco for R200m ($14.5m), as part of its expansion strategy. Pakco owns popular brands, including the iconic Bisto brand, Hinds, Buffalo, Southern ...
Tags: Rhodes Food Group, Pakco, acquisition
Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...
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Hormel Foods has announced several new leadership appointments across business segments. James M. Splinter has been appointed to the position of group vice president, corporate strategy. In this new role, Splinter will have responsibility ...
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The Evolution of a Partnership Built on Parallel Thinking New Apple Watch Hermès bands bring artful simplicity and functionality to the wrist. San Francisco and Paris — Today, Apple and Hermès introduced new Apple ...
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ConAgra Foods has acquired the packaged foods businesses of Frontera Foods and Red Fork for undisclosed amounts to expand its portfolio. The acquisition includes the Frontera, Red Fork and Salpica brands. However, Frontera-branded ...
Tags: ConAgra Foods, Frontera Foods, Red Fork, acquisition
The Hain Celestial Group announced it has received a limited waiver and extension of certain obligation under its unsecured credit facility from its lenders regarding the delivery of its fiscal year 2016 financial statements and, if ...
Tags: Hain Celestial, limited waiver, extension of credit facility
Private equity investment firm Paine & Partners has entered into an agreement to acquire food safety and food quality solutions platform Global ID Group. However, financial details of the transaction were not disclosed. Headquartered in ...
Tags: Paine&Partners, Global ID, food safety
SABIC and an affiliate of Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be located in Texas or ...
Tags: SABIC, ExxonMobil, U.S.Gulf Coast
Algaia, following its declaration of intent last week to acquire Cargill’s Alginate business, announces the name of its new investor. Upon closing, Algaia will welcome Maabarot Products in its shareholding structure. Maabarot, a ...
Tags: Algaia, Cargill, Alginate business