Bosch is planning to divest its subsidiary Robert Bosch Starter Motors Generators, including all subsidiaries, to the purchaser consortium ZMJ (Zhengzhou Coal Mining Machinery Group Co., Ltd.), Zhengzhou, China, and CRCI (China Renaissance ...
Tags: Bosch, Motors, Generators
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
South Korean automobile manufacturer Kia Motors is set to enter the Indian car market by investing $1.1bn to build its first factory in the country. The company signed a memorandum of understanding (MOU) with the State Government of ...
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
Icelandic Group has confirmed its intentions to divest its UK operations, Seachill, which supplies chilled fish to the country's retail market. The company's board has decided to start a sale process for Seachill, which had sales of ...
Tags: Icelandic Group, Seafood
Volvo Cars announced at Auto Shanghai in China that it will build its first fully electric car in the country. The all new model will be based on Volvo’s Compact Modular Architecture (CMA) for smaller cars, and will be available for ...
Tags: Volvo, Electric Car
The Nintendo NES Classic Edition console, bundled with 30 classic games and compatible with modern TV sets, was unquestionably the most sought-after tech product of the 2016 holiday season. Now the pint-sized retro wonder is about to ...
LED packaging service provider Unity Opto Technology is decreasing production for light bulbs and increasing that for more profitable lamps, with the proportion of lighting revenues for the former to slip to 20% and the latter to rise to ...
Tags: LED packaging, LED lamp
German automaker Volkswagen said it will launch a new range of avant-grade electric vehicles in the near future. The company plans to showcase a crossover concept vehicle at the Auto Shanghai 2017 between April 19 and 29. The launch is ...
Tags: Volkswagen, Electric Vehicles
Volpak has unveiled an inverted pouch solution, which is available in the US through RA Jones. The patented Standcap Pouch solution will enable manufacturers to adopt functional pouch packaging to revitalize signature brands, It will ...
Tags: Volpak, Pouch 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
Honda has unveiled NueV, a pure-electric concept car with automated ride-sharing capabilities at the Geneva Motor Show in Switzerland. The concept car has a built-in smart engine, which Honda claims can learn from its driver. The ...
Tags: Honda, Concept Car, Geneva Motor Show
Real Good Food announced that it has acquired an 84.33% stake in Brighter Foods for total consideration of up to £9m, on a cash and debt free basis. The two companies announced a new partnership to build on the success for the Wales ...
Tags: Real Good Food, snack bar
Showa Denko (SDK), Showa Aluminum Can (SAC) and Carabao Group have agreed to set up a joint venture (JV) to manufacture and sell aluminum cans in Thailand. The joint corporation is part of CBG’s plan to meet its increasing demands ...
Tags: Showa Denko, Aluminum Cans
Danone has agreed to divest one of its US dairy subsidiaries, Stonyfield, to secure approval from US antitrust authorities for its $10bn acquisition of soy-milk maker WhiteWave Foods. The French dairy giant has reached an agreement in ...