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Future Mobility to Build Smart Electric Car Plant

Jan 25, 2017

Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...

Tags: Electronics, electric vehicles

Altamont Capital Acquires Frozen Poultry Products Maker Maxi Canada

Dec 15, 2016

Frozen poultry products manufacturer Maxi Canada has been acquired by Altamont Capital Partners, a San Francisco Bay Area based private investment firm, for an undisclosed price. Maxi Canada, which is based in St-Lin-Laurentides, Quebec, ...

Tags: poultry products, Bruer

Polaris Industries to Acquire Transamerican Auto Parts

Oct 25, 2016

Polaris Industries has entered into an agreement to acquire Transamerican Auto Parts (TAP), a manufacturer of off-road Jeep and truck accessories, for $665m. After adjusting for the $115m estimated net present value of future tax ...

Tags: Polaris Industries, Auto Parts

Survey Suggests AirPods Are Apple's Winning Wearable, Not Watch

Sep 30, 2016

If you'd rather have something from Apple in your ears than on your wrist, you're not alone. It seems more iPhone owners want to go wireless with their earphones than buy a Watch. A US survey from Bank of America Merrill Lynch Global ...

Tags: Mobile Accessories, Headphones, Wearable Tech

Hello from WWDC16

Sep 30, 2016

Photo Highlights from Day One of the 2016 Worldwide Developers Conference The crowd in front of Bill Graham Civic Auditorium. Tim Cook kicks off the keynote presentation. Bozoma Saint John demonstrates updates to Apple Music. ...

Tags: WWDC16

Hain Celestial Receives Lender Limited Waiver and Extension of Credit Facility

Sep 29, 2016

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

ACCC Invites Comments on Metcash's Acquisition Plans for Home Timber and Hardware

Jul 18, 2016

The Australian Competition and Consumer Commission (ACCC) is inviting comments on a draft undertaking from Metcash which intends to resolve concerns regarding its proposed acquisition of Woolworth’s Home Timber and Hardware. The ...

Tags: Brexit, Timber

PureCircle to Invest $200m in Indian Stevia Farms in Next Five Years

Apr 15, 2016

Stevia ingredient producer PureCircle is planning to invest $200m in India’s stevia infrastructure in the next five years. The company is planning to collaborate with thousands of Indian farmers to plant 5,000 hectares of stevia ...

Tags: PureCircle, Investment, Stevia infrasture

Macfarlane Launches Packaging Innovation Lab In UK

Mar 21, 2016

Macfarlane Packaging, a UK-based distributor of protective packaging materials, has launched the new packaging innovation lab in order to help create bespoke, cost effective protective packaging solutions for customers. Located in ...

Tags: Macfarlane, Packaging, Packaging innovation lab

Oil Prices to Remain Low Well Into 2016

Dec 29, 2015

Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...

Tags: Oil Prices, Crude Oil

LKQ to Expand European Presence with Rhiag-Inter Auto Parts Acquisition

Dec 28, 2015

US based auto parts maker LKQ has entered into an agreement to acquire Rhiag-Inter Auto Parts for €1.04bn to expand its presence in European market. Rhiag-Inter Auto Parts is pan-European business-to-business distributor of ...

Tags: LKQ, Rhiag-Inter Auto Parts, Auto

The Furniture Awards – Revisiting The Winners of 2015

Nov 27, 2015

The Furniture Awards, a scheme which sets out to identify the best new products launched at the January Furniture Show, created by Furniture News magazine in partnership with the show’s organiser, will take place again this January. ...

Tags: Furniture Awards, drawers, sofa, Nucleus chair

Leyard Acquires Planar for US $156.8 M

Nov 11, 2015

Leyard Optoelectronic, a leading worldwide provider of LED display products and ancillary systems, and Planar Systems, a global leader in display and digital signage technology, announced they have entered into a definitive merger ...

Tags: Leyard, LED display products

Reuters Breaks Down Go Scale Capital’S Loan for Acquiring Lumileds

Nov 11, 2015

Reuters recently broke Go Scale Capital’s US $1.93 billion loan to acquire Lumileds and former Philips automotive lighting business. The loan will mostly be used to merge with the $2.8 billion financing to acquire 80% of Lumileds ...

Tags: Philips, automotive lighting

Palladium Falls Below $650/Oz as Funds Lower PGM Holdings

Nov 4, 2015

Palladium fell to a 1-1/2 month low as investors continued to move away from Exchange Traded Funds [ETFs] in Platinum Group Metals following further fundamental weakness resulting from the Volkswagen emissions scandal and excessive mine ...

Tags: Palladium, PGMs, diesel emissions

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