Finland based pulp and paper manufacturer Stora Enso has agreed to sell its 35% stake in Bulleh Shah Packaging (BSP) to the majority share holder Packages Ltd for €6m. Bulleh Shah Packaging, based in Pakistan, is a joint venture ...
Tags: Stora Enso, Bulleh Shah Packaging
SunOpta has agreed to divest equipment used in the production of flexible, re-sealable pouches from its Allentown, PA facility to Skjodt-Barrett for $2m. The asset sale is in conjunction with the Company’s decision to discontinue ...
Tags: SunOpta, Pouch Products
Osram of Munich, Germany has made an investment (in the mid double-digit million euros range) to acquire a strategic 25.1% stake in LeddarTech Inc of Québec, Canada, which was founded in 2007 and has developed patented Leddar LiDAR ...
Tags: Osram, LiDAR sensing technology
Imperial Frozen Foods, a portfolio company of Kenex, has acquired 100% of the assets of Greystone Foods. Greystone is a Birmingham, AL based manufacturer of branded and private label frozen (IQF) vegetables. Greystone manufactures 30 ...
Tags: Frozen Foods, Greystone Foods
Nuance Communications has agreed to improve the Epson customer experience by offering its document imaging solutions via Epson distributors and resellers. The new partnership is expected to bring cost synergies, decrease intervention and ...
Graphic Packaging has reported a 8% drop in its net sales to $1.09bn for the second quarter of 2017, compared to $1.10bn reported in the prior year period. Though sales had fallen by 8%, the company stated that its net tons sold increased ...
Tags: Graphic Packaging, Packaging
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 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
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 ...
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
Packaging Concepts & Design (PC&D) and O2 Investment Partners (O2) have acquired Packaging Specialists, Southwest (PSI) for an undisclosed sum. PSI, which was established in 1976, is headquartered in Phoenix, Arizona, US. It designs and ...
Tags: Packaging, protective packaging
Chinese manufacturing company Truking Group has completed the acquisition of a majority shareholding in Germany-based Romaco. The sale, which was announcved in May, gives Truking a 75% stake in Romaco. Former owner, provate equity fund ...
Tags: Truking
Molson Coors Brewing and AriZona Beverages' affiliate Hornell Brewing have entered into a partnership agreement whereby Molson Coors will market and distribute a new Flavored Malt Beverage (FMB) brand, Arnold Palmer Spiked Half & Half, in ...
Tags: Molson Coors, Arnold Palmer
Semiconductor packaging and electronic assembly solutions provider Kulicke & Soffa (K&S) has expanded its advanced packaging presence with the acquisition of privately held Dutch packaging company Liteq. Financial terms of the acquisition ...
Tags: Semiconductor packaging, packaging
Campbell Soup has agreed to acquire organic food manufacturer Pacific Foods of Oregon for $700m in an all cash deal to expand its footprint in the rapidly growing health and well-being categories. Based in Tualatin, Oregon, Pacific Foods ...
Tags: Campbell Soup, organic food