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Qualcomm, Nichicon Sign Commercial Wireless EV Charging License Deal

Jul 27, 2017

Qualcomm and Nichicon have signed a wireless electric vehicle charging (WEVC) license agreement. Nichicon will include Qualcomm Halo WEVC technology in its product portfolio and will focus on commercializing WEVC systems for Plug-In ...

Tags: Qualcomm, Nichicon

Small Town Brewery Launches Not Your Father's Mountain Ale

Jul 27, 2017

Small Town Brewery has extended its Not Your Father's hard soda range with a new Mountain Ale expression. The new brew joins Not Your Father’s brand which includes Not Your Father’s Root Beer, Ginger Ale and Vanilla Cream Ale ...

Tags: Small Town Brewery, Brewery

Mayfair Equity Partners Acquires Stake in Promise Gluten Free

Jul 27, 2017

UK-based private equity firm Mayfair Equity Partners has acquired a majority stake in bakery company Promise Gluten Free. Based in Donegal, Ireland, Promise was founded in 2011 by Declan Gallagher, Tom Doyle and Ciaran Lally. Promise is ...

Tags: Cuisine Royale, gluten

Hormel Foods Rolls out New Deli Meat Snacks

Jul 27, 2017

Hormel Foods have introduced four new all natural deli meat snacks which come along with cheddar or pepper jack cheese and a dark-chocolate confection. The addition of on-the-go snacks expands the Hormel Natural Choicebranded product ...

Tags: Hormel Foods, Meat Snacks

Didi Chuxing, Softbank Invest $2bn in Ride Hailing Firm Grab

Jul 26, 2017

Didi Chuxing and SoftBank Group will invest up to $2bn to lead Grab’s current financing round, which expects to raise $2.5bn in total. The investment upon completion will allow the ride-hailing company to strengthen its position in ...

Tags: Hailing Firm Grab

Schwan's Acquires Better Baked Foods and Drayton Foods

Jul 26, 2017

Schwan’s Company has acquired from Better Baked Foods and Drayton Foods from NE Foods. The terms of the sale were not disclosed. The acquisition represents the second in as many months for Schwan’s as it works to increase ...

Tags: Drayton Foods, Baked Foods

Cherkizovo to Build Turkey Fattening Sites in Lipetsk

Jul 25, 2017

Russian meat and feed producer Cherkizovo Group has unveiled plans to build turkey fattening sites in Lipetsk region. "Cherkizovo Group is a long-established and strategically important partner of Lipetsk region. The Group is building ...

Tags: feed, meat

BMW 7 Series Edition 40 Jahre Unveiled

Jul 25, 2017

BMW has unveiled the limited run 7-Series Edition 40 Jahre before September's Frankfurt Motor Show. The vehicle commemorates the 40th anniversary of the model and will be restricted to only 200 units globally. It is expected to be ...

Tags: BMW, Frankfurt Motor Show

Autonomous Vehicle Technology Firm Nauto Raises $159m Financing

Jul 24, 2017

Self-driving vehicle technology developer Nauto has closed a $159m series B financing round for its growth and global expansion. A subsidiary of SoftBank and Greylock Partners led the round. Others participating in the round were ...

Tags: Autonomous Vehicle, Self-driving vehicle

Arlon Invests in Brazilian Dairy CBL Alimentos

Jul 24, 2017

Food and agriculture investment firm Arlon Group has purchased a minority stake in Brazil-based CBL Alimentos (Betania). Betânia is the largest dairy company in the Northeast Region of Brazil, producing fluid milk, dairy drinks and ...

Tags: Arlon, milk production

Sun Capital Affiliate Divests Beef Processing Business in US

Jul 24, 2017

Sun Capital Partners' affiliate has closed the sale of Creekstone Farms Premium Beef to an unnamed supplier of premium USDA-certified beef and pork products. Terms of the private transaction were not disclosed. The choice of food lovers ...

Tags: Sun Capital, Beef

UK Watchdog Reveals Plans for Food Regulation in Future

Jul 24, 2017

The UK’s Food Standards Agency (FSA) has revealed its future plans on how it will monitor the food industry in England, Wales and Northern Ireland. In this regard, FSA Chairman Heather Hancock has released a document titled ...

Tags: Watchdog, Food Regulation

McCormick to Buy Reckitt Benckiser's Food Business for $4.2bn

Jul 20, 2017

US-based spice manufacturer McCormick & Company has agreed to acquire the food division of British consumer goods firm Reckitt Benckiser (RB) for $4.2bn to strengthen its flavor and condiments portfolio. The acquisition of RB Foods ...

Tags: consumer goods, RB Foods

Sovos Brands Completes Aquisition of Rao's Specialty Foods

Jul 20, 2017

Sovos Brands, a new food and beverage firm established by Advent International, has completed its the acquisition of Rao's Specialty Foods. Financial terms were not disclosed. Rao's Specialty Foods is the second acquisition in less than ...

Tags: Specialty Foods, food, beverage

Continental Demonstrates Future of Highly Automated Driving on Highways

Jul 20, 2017

Continental has showcased its Cruising Chauffeur, a self-driving car platform which provides an insight into the company’s vision of the future of what it calls “highly automated driving” on highways. Highly automated ...

Tags: Continental, Automated Driving