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H. B. Fuller to Increase Prices on Adhesives Sold in North America
Jan 18, 2018The North America Adhesives group of H.B. Fuller will increase the price for adhesives between 5% and 15%, based on the product sold, effective immediately or as contracts allow. These increases affect products sold for the following ...
Tags: Adhesives, raw material
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JBS to Divest Beef Operations in Argentina, Uruguay and Paraguay
Jun 9, 2017Brazil-based meat processing company JBS has agreed to sell its beef operations in three South American markets to companies controlled by Minerva for $300m. Under the deal, JBS’ beef businesses in Argentina, Uruguay and Paraguay ...
Tags: Beef Operations, Minerva
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Parmalat Acquires Two US Dairy Companies
May 4, 2017Parmalat has acquired two American dairy producers for an undisclosed price. With this transaction, the Parmalat Group acquires an important business active in the ethnic specialties segment in the United States, increasing its current ...
Tags: Parmalat, dairy producer
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Danone Puts Stonyfield up for Sale to Complete Whitewave Acquisition
Apr 5, 2017Danone 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 ...
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Russell Breweries Q1 Net Revenue Rises 8%
Dec 5, 2016Craft beer producer Russell Breweries has released its financial results for the first quarter of Fiscal 2017, ended 30 November 2016. The Company reports a positive EBITDA of $423,872 for Q1 of Fiscal 2017 ("Q1 2017F") compared to a ...
Tags: Craft beer, Russell
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Brexit Hits C&C's Profits in H1
Nov 17, 2016Dublin-headquartered cider manufacturer C&C Group reported a 14.4% decline in its net revenue to €307m for the first half of this year, compared to €358.6m for the same period in 2015. The company registered a 12.0% decrease in ...
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Carlsberg's Q3 Net Revenue Declines 4% to $2.57bn
Nov 11, 2016Danish brewing giant Carlsberg Group has reported a 4% decrease in its net revenue to DKK17.53bn ($2.57bn) for the third quarter of this year, compared to DKK18.3bn ($2.7bn) for the same period in 2015. The brewer blamed the negative ...
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Chinese LED Manufacturers 3Q16 Financial Results
Nov 6, 2016After numerous LED manufacturers forecasted their future earnings, Chinese LED enterprises finally released their financial results for 3Q16. For those with irrational fear that the LED industry is still in the phase of “increasing ...
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Coca-Cola's Net Revenue Declines 7% in Q3
Oct 28, 2016Coca-Cola has reported a 7% decrease in its net sales to $10.6bn for the third quarter of this year, compared to $11.4bn for the same period in 2015. The soft drinks giant has blamed the impact of foreign currency and structural changes ...
Tags: soft drinks, beverage
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Mezzan Buys 70% Stake in Al Safi Food Company
Aug 30, 2016Kuwait-based food distributor Mezzan Holding has acquired a 70% stake in Al Safi Food Company for SAR90.75m ($24m). This will allow the Kuwait-based company to manufacture and distribute food and beverage products in Saudi Arabia using Al ...
Tags: Mezzan, Al Safi Food Company
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Kinh Do Sells off Remaining 20% Stake to Mondelez
Aug 30, 2016Mondelez International has bought the remaining 20% stake in Vietnamese food company Kinh Do’s snack unit for VND 2tn ($90m) as part of its expansion strategy in emerging markets. In November 2014, Mondelez had agreed to buy 80% of ...
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Significant YOY Growth at Wayfair
Aug 15, 2016Ecommerce furnishings giant Wayfair has reported its Q2 financial results, citing a direct retail revenue – sales generated primarily through the sites of Wayfair's five brands – increase from $315.4m to $755.7 m, up 71.6% YOY. ...
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LED Luminaire Sales for Horticultural Applications to Grow to $2.8bn by 2024
Jun 15, 2016The global market for light-emitting diode (LED) luminaires for horticultural applications is expected to grow to $2.8bn by 2024, according to the report 'LED Lighting for Horticultural Applications' from Navigant Research. The next five ...
Tags: Lighting market, horticultural market, LED
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Under Armour Raises Full-Year Guidance After Strong Q1
Apr 22, 2016Under Armour Inc. reported revenues in the first quarter increased 30 percent in the first quarter of 2016 to $1.05 billion compared with net revenues of $805 million in the prior year's period. Wall Street's average expectation was $1.04 ...
Tags: Under Armour, Revenues
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Soft Drink Giants Global Battle in 2016
Feb 5, 2016Coca-Cola and Pepsi Co. have revealed some of their respective plans for global market dominance in 2016. Coca-Cola has kicked off 2016 with a new global marketing campaign called "Taste that Feeling". It is the beverage giant's first ...
Tags: Soft Drink, Coca-Cola, Pepsi