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Fyffes Acquires Mushroom Producer Highline Produce for EUR98m

Apr 6, 2016

Fresh produce company Fyffes has acquired Canadian mushroom producer Highline Produce for CAD$145m (€98m), including refinancing Highline’s existing debt. Fyffes will fund the acquisition through new and existing bank debt. ...

Tags: Fyffes, Acquisition, Highline Produce, Mushroom Producer

Soley Biotechnology Finds Way to Improve Self Life of Cheese

Apr 6, 2016

Turkey-based non-profit research organisation Soley Biotechnology Institute has discovered a method to increase the shelf-life of cheese by three to 10 times, after a four-year study with $20m funding. The research institute was working ...

Tags: Soley Biotechnology, Self Life of Cheese

Snyder's-Lance Issues Voluntary Recall of Emerald Cashew Roasted & Salted Halves &Pieces Over Potential Presence of Glass

Apr 6, 2016

Snyder's-Lance is initiating a voluntary recall for a limited amount of Emerald 100 Calorie Pack Roasted & Salted Cashew Halves & Pieces product, distributed nationwide, due to the possible presence of small glass pieces. This voluntary ...

Tags: Snyder's-Lance, Voluntary Recall

Snyder's-Lance to Source 100% Cage-Free Eggs

Apr 6, 2016

As part of the company's ongoing commitment to improve sustainability in its supply chain, Snyder's-Lance is planning to switch to 100% cage-free eggs for all its products that use eggs. The company will consistently increase its ...

Tags: Cage-Free Eggs, Snyder's-Lance

Krispy Kreme Doughnuts Moves Toward Cage-Free Eggs

Apr 6, 2016

Krispy Kreme Doughnuts is transitioning to 100% cage-free eggs – a process it expects to complete by 2026. "Ensuring the eggs that we use all come from cage-free chickens is the right thing for our company and our customers," said ...

Tags: Cage-Free Eggs, Krispy Kreme Doughnuts

Everstone Completes Acquisition of Modern Foods

Apr 6, 2016

India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...

Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL

Atria Gets Approval From Competition Authorities for Lagerberg Acquisition

Apr 6, 2016

Finnish meat processor Atria has gained the approval of Swedish Competition and Consumer Authority to complete the €18m acquisition of poultry firm Lagerberg. The competition authorities have approved the transaction without any ...

Tags: Atria, Lagerberg, Acquisition, Consumer Authority, Competition Authorities

Ingles Markets Transition to Cage-Free Eggs

Apr 6, 2016

Ingles Markets will support the industry-wide transition to cage-free hen housing by shifting its own egg sales to cage-free, joining a growing list retailers, restaurants, food manufacturers and egg producers that have announced similar ...

Tags: Ingles Markets, Cage-Free Eggs

Meijer Announces Goal to Source Only Cage-Free Eggs by 2025

Apr 6, 2016

Meijer is setting a goal to sell only eggs sourced from cage-free farms by the year 2025, joining a growing group of food retailers, restaurant chains and food manufacturers that have announced similar plans. "Although our current volume ...

Tags: Meijer, Cage-Free Eggs, Food retailers, Restaurant chains

Roland Foods Issues Voluntary Recall of Roland Fire Roasted Red Pepper Strips

Apr 6, 2016

Roland Foods, in cooperation with the manufacturer in Peru, is initiating a voluntary recall of specific lots of Roland Fire Roasted Red Pepper Strips due to the possible presence of glass fragments in the product, therefore posing a ...

Tags: Roland Foods, Peru, Roland Fire Roasted Red Pepper Strips

IAC FiberFrame Natural Fiber Sun Roof Frame Debuts on 2017 Mercedes-Benz E-Class

Apr 6, 2016

International Automotive Components launched its FiberFrame, natural fiber sun roof frame on 2017 Mercedes-Benz E-Class. It is a proprietary innovation made from renewable raw material content and provides 50% in saving in weight compared ...

Tags: FiberFrame, IAC, International Automotive Components

Daimler Begins Production of Nine-Speed Automatic Transmission in Romania

Apr 6, 2016

Daimler has begun production of its 9G-TRONIC nine-speed automatic transmission at its Sebes factory in Romania. The production is being handled by its Romanian subsidiary Star Assembly. The German luxury car-maker has invested about ...

Tags: Daimler, Nine-Speed Automatic Transmission, Sebes factory, Romania, BMW

Skoda Enters Into New Auto Business Segment with Snow Vehicle

Apr 6, 2016

Skoda announced that it is entering a new auto business segment as part of its overall growth strategy for the 2025. It will be entering snow vehicle market with its new product, Snowman and will introduce its first snow groomer to market ...

Tags: Skoda, Auto Business Segment, Snow Vehicle

Schaeffler Unveils Bio-Hybrid Personal Mobility Concept Vehicle

Apr 6, 2016

Schaeffler, a German supplier of rolling element bearings to automotive and aerospace industry has unveiled a bio-hybrid powered personal mobility concept vehicle. The company says that increasing traffic and increasing emission levels in ...

Tags: Schaeffler, Bio-Hybrid Personal Mobility Concept Vehicle

Volvo Polestar Revamps S60 and V60 Models with More Speed

Apr 6, 2016

Polestar, a brand owned by Volvo announced two new speedsters, a 367hp Polestar S60 sedan and V60 estate. These two cars are powered by a 2 liter four-cylinder, twin charged with Drive-E engine. According to Polestar, it had modified ...

Tags: Polestar, Volvo, S60, V60, Drive-E engine