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Diageo Seeks to Raise Stake in China's Sichuan Shuijingfang

Jun 29, 2018

UK-based drinks company Diageo has proposed to increase stake in Chinese spirits firm Sichuan Shuijingfang Company (SJF) and take majority control of the company. Diageo approached the board of directors of SJF with a proposal for a ...

Tags: Diageo, drinks

Bobst Group Reports Increased Sales Performance in 2017

Mar 7, 2018

Bobst Group, a Swiss-based supplier of equipment and services to the packaging and label industries, has reported consolidated sales of CHF1 529m ($1,629m) in 2017, an increase of CHF82m, or 5.7%, compared to 2016. The operating result ...

Tags: packaging, label industries

Bright Blue to Buy Greencore's UK Cakes and Desserts Business

Feb 8, 2018

Bright Blue Foods (BBF) has agreed to acquire Greencore Group’s cakes and desserts business in Hull, UK for an undisclosed sum. The transaction along with an earlier announced closure of a desserts facility in Evercreech will enable ...

Tags: Bright Blue Foods, Cakes

Volvo's Parent Firm Geely to Buy Us Flying-Car Startup Terrafugia

Nov 16, 2017

Zhejiang Geely, the Chinese automaker that owns Volvo, has agreed to acquire Terrafugia, a US-based startup company working on the development of a flying car. Terrafugia was founded in 2006 by five Massachusetts Institute of Technology ...

Tags: Geely, automaker

Saputo to Acquire Australian Dairy Firm Murray Goulburn for $1bn

Oct 31, 2017

Canadian dairy giant Saputo has agreed to acquire Australia-based dairy processor Murray Goulburn Co-Operative (MG) for CAD1.29bn ($1.01bn). The is expected to complement the operations of Saputo's Dairy Division (Australia). Saputo ...

Tags: Saputo, dairy processor

Pilgrim's Pride to Buy UK Poultry Processor Moy Park From JBS for $1.3bn

Sep 13, 2017

Chicken producer Pilgrim's Pride has agreed to acquire JBS’ British poultry unit Moy Park for $1.3bn to expand its portfolio of prepared foods. By adding Moy Park’s operations in the UK and Continental Europe, Pilgrim's Pride ...

Tags: poultry meat, prepared foods

AB InBev to Merge Russia and Ukraine Businesses with Anadolu Efes

Aug 14, 2017

Anheuser-Busch InBev (AB InBev) is merging its operations in Russia and Ukraine with Turkey's brewer, Anadolu Efes. The companies plan to merge their businesses in a 50-50 merger and create a new company to be known as AB InBev-Efes. ...

Tags: AB InBev, brewer

Conner Industries Secures $10m in Growth Capital

Aug 4, 2017

Conner Industries, a provider of integrated packaging solutions, has received from existing investors additional growth capital which, when added to the investment made in April 2017, totals $10m. The capital infusion will be used for ...

Tags: Conner Industries, integrated packaging

Mattel Enjoys Sales Spike in Q217 Financial Results

Jul 31, 2017

Mattel has enjoyed a spike in net sales in its second quarter 2017 financial results. The firm reported that net sales were up by two per cent as reported and up by three per cent in constant currency, versus the prior year's second ...

Tags: Mattel, toy

International Paper Elects Christopher Connor to Board

Jul 18, 2017

Renewable fiber-based packaging, pulp and paper products producer International Paper has elected Christopher Connor to its board of directors effective 1 October 2017. Mr. Connor, age 61, retired as Executive Chairman of The ...

Tags: packaging, paper products

Schweiter Technologies Sells SSM Textile Machinery Division to Rieter

Jul 11, 2017

Schweiter Technologies AG has come to an agreement with the Swiss Rieter Group on the sale of all shares in the SSM Textile Machinery division and has executed the transaction simultaneously. SSM Textile Machinery (www.ssm.ch) is a ...

Tags: Schweiter, Textile Machinery

Nestle Buys Minority Stake in US Prepared Meals Producer Freshly

Jun 21, 2017

Nestlé USA has forayed into the direct-to-consumer (DTC) prepared meals business by acquiring a minority stake in Freshly. The Nestle subsidiary was the leading investor in a $77m funding round in the DTC healthy prepared meals ...

Tags: Nestle, Prepared Meals

Campbell Soup Invests in E-Commerce Meal Marketplace Chef'd

May 26, 2017

Campbell Soup has invested $10m in Chef'd, the US online meal-kit business, to expand its e-commerce capabilities. The investment which is part of a Series B funding round makes the New Jersey-based canned soup producer the largest ...

Tags: Campbell Soup, meal

Edward M. Philip Appointed as Lead Independent Director at Hasbro

May 22, 2017

Philip succeeds Basil L. Anderson, who has retired from his position on the Hasbro Board of Directors. Hasbro's board of directors has experienced a reshuffle as Edward M. Philip appointed as lead independent director. He succeeds Basil ...

Tags: Hasbro, toy

Rupari Food to Divest Most Assets to Carl Buddig Subsidiary

Apr 12, 2017

Barbequed meats manufacturer Rupari Food Services has agreed to divest almost all of its assets to a subsidiary of Carl Buddig and Company. The sale of the company is a natural next step for Rupari Food Services, who had been seeking a ...

Tags: Rupari Food, meats

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