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Hershey to Acquire Amplify Snack Brands in $1.6bn Deal
Dec 21, 2017The Hershey Company has agreed to acquire Amplify Snack Brands for about $1.6bn to boost its position in the snacking aisle and expand its portfolio of savory snacking brands. The transaction amount also includes around $600m of net debt ...
Tags: Hershey, Amplify Snack
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Crown's Net Sales Increases in Third Quarter of 2017
Oct 26, 2017Crown Holdings has announced its financial results for the third quarter ended 30 September 2017. Third Quarter Highlights Earnings per share $1.32Adjusted earnings per share $1.41$62 million of Q3 share repurchases; $339 million ...
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Inventure Foods to Sell Frozen Foods Division to Oregon Potato
Sep 18, 2017Inventure Foods has agreed to divest its frozen business unit to Oregon Potato Company (OPC) for $50m as part of its ongoing strategic and financial review. Under the terms of the definitive asset purchase agreement, the Arizona-based ...
Tags: Inventure Foods, Frozen Foods
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Finsbury Food Plans to Close Grain D'or Bakery Business
Aug 28, 2017UK-based bakery products manufacturer Finsbury Food Group is planning to close its Grain D'Or bakery business, putting around 250 jobs at risk. The company said that Grain D'Or has been historically loss making even after implementing ...
Tags: bakery products, bakery
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Sonoco Reduces Total Water and Energy Usage in 2016
Aug 2, 2017Packaging firm Sonoco has reduced total water usage by about 5% in 2016, total energy usage by 0.52% and recovered the equivalent (by weight) of 57% of the product that Sonoco places into the marketplace through recycling, according to the ...
Tags: Sonoco, Energy Usage
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Alkaline Water Sells $1.84m of Alkaline88 Water Bottles
Jun 12, 2017The Alkaline Water Company said that it sold a record $1.84m of Alkaline88 water to its customers in May 2017. The Company is the creator of an innovative, state-of-the-art, proprietary electrolysis beverage process. The Company packages ...
Tags: Alkaline Water, Bottles
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ADM to Build New Flour Mill in Illinois, US
Jun 6, 2017Archer Daniels Midland is building a new flour mill in Mendota, located in the US state of Illinois. The high-capacity, modern facility will allow the company to continue to meet growing demand for flour throughout the Midwest. ...
Tags: ADM, Flour Mill
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Supremex Revenue Increases in Q1 2017
May 10, 2017Supremex, a North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products, announced its results for the first quarter ended 31 March 2017, and declared a ...
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TreeHouse to Divest Soup and Infant Feeding Business to Riverbend
Apr 28, 2017TreeHouse 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
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RiceBran Technologies Terminates Alothon's Roll-up Rights From Nutra
Apr 12, 2017RiceBran Technologies has signed an agreement with Alothon Group, its minority co-investor in Nutra, that terminated Alothon's roll-up rights, a process that would have let Alothon to exchange its equity position in Nutra for an equivalent ...
Tags: RiceBran, Roll-up Rights
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ADM Secures Exclusivity for Proposed Purchase of Chamtor
Mar 29, 2017Archer Daniels Midland Company (ADM) has secured exclusivity in relation to the proposed acquisition of Chamtor, a France-based manufacturer of wheat-based sweeteners and starches. Pierre Duprat, president, ADM Europe, Middle East and ...
Tags: wheat, sweeteners
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Inventure Foods to Offload Fresh Frozen Foods to Pictsweet
Mar 27, 2017Inventure Foods has agreed to divest Fresh Frozen Foods to The Pictsweet Company for nearly $23.7m in an all-cash deal. The strategic sale by Inventure Foods was announced during an ongoing company review process aimed at improving ...
Tags: Inventure Foods, Frozen Foods
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LETV Two Shareholders Have Strong: Turn in Jia Total Concept
Dec 13, 20161 minutes reading tips 1. "Music as an ecological strategy is right, but in the order of the strategy we have different views" 2. "The music as it is now, the three risk outbreak at the same time, this time to consider the adequacy of ...
Tags: LETV, abnormal positions, rumors
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Shell Adds Third Major Discovery to The Norphlet Play in The Gulf of Mexico
Dec 8, 2016Shell and the Norphlet play “The Rydberg discovery builds upon our leadership position in the Eastern Gulf of Mexico and its proximity to our other discoveries in the area make Rydberg particularly exciting.” said Marvin Odum, ...
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Bemis Company Reports Third Quarter Results
Nov 17, 2016Bemis Company reported third quarter 2016 diluted earnings per share from continuing operations of $0.72. Excluding the effect of restructuring and acquisition-related costs detailed in the attached schedule, “Reconciliation of ...
Tags: Bemis Company, diluted earnings