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Scandi Standard to Acquire Irish Poultry Processor Manor Farm

Jun 29, 2017

Swedish company Scandi Standard has agreed to acquire Manor Farm, a chicken processor in Ireland, in a share-cum-cash deal. The deal values Manor Farm at an enterprise value of €94m. Under the deal terms, Scandi Standard will offer ...

Tags: Poultry Processor, processor

Mercedes-Benz Starts Production of New E-Class Cabriolet in Germany

Jun 28, 2017

Daimler's division Mercedes-Benz has started production of the new E-Class Cabriolet at its Bremen plant in Germany. The new E-Class Cabriolet comes integrated with latest technology and offers long-distance comfort for its occupants. ...

Tags: Mercedes-Benz, Cabriolet

PureCircle Develops First Stevia Antioxidant Product for Food & Beverages

Jun 28, 2017

PureCircle has developed the first commercially viable stevia antioxidant product providing food and beverage companies new access to health and wellness ingredients for their consumers. While researchers have known that antioxidants are ...

Tags: Food, Beverages

Canada's Richardson International Acquires European Oat Millers

Jun 28, 2017

Canadian agribusiness Richardson International has acquired European Oat Millers for an undisclosed price to expand its oat milling business. European Oat Millers, based in Bedford, England, is considered to be the second largest oat ...

Tags: Oat Millers, crop inputs

Volvo's Polestar to Become Standalone EV Brand

Jun 26, 2017

Volvo has said that its Polestar performance division is set to become a standalone high-performance electric car brand. Volvo acquired 100% stake in Polestar Performance in July 2015 and both the companies have been working together in ...

Tags: Volvo, electric car

Mercedes-Benz Lays Foundation for New Passenger Car Facility in Moscow, Russia

Jun 26, 2017

Mercedes-Benz, a division of German firm Daimler, is commencing construction work for a new passenger car plant in Russia. “Establishing a passenger car production in Russia is a strategic investment in an important sales market for ...

Tags: Mercedes-Benz, Passenger Car

Nestle USA Expands Commitment to Innovation in Food Industry

Jun 26, 2017

Nestlé USA has entered into a partnership with Rabobank and RocketSpace to support startups for the Terra Food + Ag Tech Accelerator program. Nestlé will collaborate with Terra and other corporate collaborators to select and ...

Tags: Food Industry, Nestle

Brazilian Court Blocks JBS's Proposed Transaction with Minerva

Jun 26, 2017

A Brazilian federal court has blocked meat processing giant JBS’s proposal to divest its beef operations in three South American markets. JBS’ $300m sale of the select South American beef processing operations to rival ...

Tags: meatpacker, Minerva

SkinnyPop Launches New Cheesy Popcorn Flavors

Jun 22, 2017

US-based SkinnyPop Popcorn is launching its first ready-to-eat popcorn flavors, Aged White Cheddar and Pepper Jack, made with real cheese. The two new varieties are SkinnyPop's most flavorful and cheesiest popcorn yet! New Aged White ...

Tags: SkinnyPop Popcorn, popcorn

Continental Joins Autonomous Driving Collaboration

Jun 22, 2017

German automotive manufacturing firm Continental has become a development partner and system integrator of the collaboration between BMW Group, Intel and Mobileye for automated driving. It is the goal of the BMW Group, Intel and Mobileye ...

Tags: Continental, Autonomous Driving

Magna to Manufacture MW 5-Series Plug-in Hybrid

Jun 22, 2017

Starting in summer 2017, BMW's new 530e plug-in hybrid will be produced at Magna's contract manufacturing facility in Graz, Austria. As a contract manufacturing partner for two premium electrified vehicles – the BMW 530e and the ...

Tags: BMW, Plug-in Hybrid, SUV

Ford Shifts Production of Focus Vehicles to China

Jun 22, 2017

Ford said it will start importing Focus compact cars from China in the second half of 2019, cancelling earlier plans to build the small-car model in Mexico. Models will come from the company’s existing Focus plants globally. ...

Tags: Ford, compact car

Costco Breaks Ground on $300m Poultry Processing Plant in Nebraska

Jun 22, 2017

Costco has broken ground on a $300m poultry processing plant in the US state of Nebraska. Dubbed the Lincoln Premium Poultry facility, the project which will be built in Fremont is Costco’s first-ever chicken processing plant. ...

Tags: Costco, chicken

Construction Starts on First Polish Production Site of Mercedes-Benz Cars

Jun 21, 2017

Mercedes-Benz has started construction on a new engine plant in Poland, which will be the company's second facility for engines outside of Germany. The company is building a 50ha plant in Jawor by investing €500m in the site and ...

Tags: Mercedes-Benz, Car

Neogen Extends Food Safety Genomic Testing

Jun 21, 2017

Neogen has made available next generation sequencing services for the food industry, which will allow food companies to accurately find all bacteria in a sample in a single genomic test. Neogen's new NeoSeek genomic services utilize a ...

Tags: Neogen, Food Safety Genomic Testing