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AquaGen to Buy 51% Stake in Aquasearch Ova

Aug 16, 2017

Norway-based breeding firm AquaGen has agreed to acquire 51% stake in Denmark-based rainbow trout eggs supplier AquaSearch ova for an undisclosed sum. In 2016, the production of portion-size trout stood at 650,000 tonnes and its annual ...

Tags: AquaGen, Aquasearch Ova

Naturally Splendid to Acquire Prosnack Natural Foods

Aug 15, 2017

Naturally Splendid Enterprises has executed a definitive agreement with Prosnack Natural Foods and and iCream Capital to acquire 100% of Prosnack. Prosnack is a Canadian company based in North Vancouver. Under the terms of its agreement ...

Tags: Natural Foods

Tata Motors, Volkswagen's Skoda Ends Talks on Partnership

Aug 15, 2017

Indian auto-maker Tata Motors and Volkswagen’s Czech Republic subsidiary Skoda have ended their talks on the development of a new car for the emerging markets. Volkswagen and Tata Motors signed a memorandum of understanding (MOU) in ...

Tags: Tata Motors, Volkswagen

Intel's Mobileye to Build Fleet of 100 Self-Driving Vehicles

Aug 14, 2017

Mobileye, a subsidiary of chip-maker Intel, said that it will build a fleet of 100 level 4 SAE vehicles which will be tested across the US, Europe and Israel. The vehicles will be fitted with the technology developed by Mobileye including ...

Tags: Self-Driving Vehicles, Intel

Unilever to Acquire Australian Ice Cream Company Weis

Aug 14, 2017

Consumer goods giant Unilever has agreed to acquire Weis, an Australian ice cream and frozen dessert manufacturer for an undisclosed price. The values and products of Weis are expected to help the British-Dutch multinational company in ...

Tags: Unilever, Ice Cream

Impossible Foods Passes Safety Testing

Aug 14, 2017

Impossible Foods says that it has passed important milestones for food safety, including a unanimous expert-panel affirmation of the safety of a key ingredient used in its products. A panel of food safety and allergy experts at three ...

Tags: Impossible Foods, food safety

Food Standards Agency Warns 700, 000 Contaminated Eggs Distributed to UK

Aug 14, 2017

The UK Food Standards Agency said investigations into the Fipronil incident in Europe continue and it has now established that more eggs from affected farms than previously identified came to the UK. It is very unlikely that these eggs ...

Tags: eggs, processed foods

Nissan Agrees to Sell Electric Battery Business to GSR Capital

Aug 10, 2017

Japanese automaker Nissan has agreed to sell its electric battery business to GSR Capital, a Chinese investment firm, for an undisclosed amount. As per the agreement, Nissan will be selling its battery subsidiary Automotive Energy Supply ...

Tags: Nissan, Electric Battery

Hormel Foods to Expand Dold Foods Plant in Kansas

Aug 10, 2017

Dold Foods, the Hormel Foods' manufacturing plant in Wichita, Kansas, revealed its plans to add a 156,000 square-foot expansion to its location. The planned expansion will be to add more production lines for the Hormel Foods bacon items ...

Tags: Hormel Foods, Dold Foods Plant

IMCD, Givaudan Form Distribution Partnership in Western Europe

Aug 9, 2017

IMCD, a distributor of speciality chemicals and food ingredients, has signed an exclusive agreement with Givaudan to distribute the latter's flavours range in the food and nutrition markets across Germany, France, Italy, Spain, the UK, ...

Tags: speciality chemicals, food ingredients

Renault to Boost Presence in Iran with New JV

Aug 9, 2017

French automaker Renault has agreed to boost its presence in Iran and step up the brand's growth. The company signed a joint venture (JV) agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN ...

Tags: Renault, Renault products

Sapporo Agrees to Acquire Anchor Brewing

Aug 8, 2017

Japanese brewing company Sapporo has agreed to acquire US-based Anchor Brewing for an undisclosed amount. Sapporo aims to continue Anchor’s traditions and legacy in San Francisco while growing the brand globally. Anchor Brewing ...

Tags: Sapporo, Anchor Brewing

Innophos to Buy Dietary Supplement Ingredient Solutions Provider Novel Ingredients

Aug 8, 2017

Private equity firm GenNx360 Capital Partners has signed an agreement to sell its portfolio company Novel Ingredients to specialty ingredients provider Innophos Holdings. Novel Ingredients, which was acquired by GenNx360 in March 2014, is ...

Tags: Innophos, raw materials

Sappi Net Profit Increases in Q3

Aug 8, 2017

Sappi has reported a net profit of $58m for this financial year’s third quarter, compared to $32m for the same period last year. For Q3, its earnings per share stood at $0.11, excluding special items. Sappi had also reduced its debt ...

Tags: Sappi

Grupo Lala Signs Deal to Buy Vigor Alimentos for $1.84bn

Aug 8, 2017

Mexican dairy company Grupo Lala has agreed to acquire Brazil-based dairy and food firm Vigor Alimentos for BRL 5.725 bn ($1.84bn). The deal follows approval by Grupo Lala’s board of directors, with the favorable opinion of the ...

Tags: dairy company, dairy products