French dairy giant The Bel Group has entered into an agreement with LBO France to acquire a majority stake in fruit snacks and dessert maker MOM Group. Under the agreement, Bel will acquire 65% stake in the company, while the remaining ...
Tags: Bel, Healthy Snack
Nissan Motor has acquired a 34% equity stake in Mitsubishi Motors (MMC) and became its largest shareholder. MMC will also become part of the global Alliance with Nissan and Renault. With the addition of MMC, the Alliance will be in the ...
Tags: Mitsubishi Motors, Nissan
Molson Coors Brewing has completed its previously-announced acquisition of SABMiller's stake in their US joint venture, MillerCoors. The deal, initially signed late last year, closed the day after Anheuser-Busch InBev finalized its ...
Tags: Molson Coors Brewing, Millercoors
Swedish firm AR Packaging Group has signed an agreement to acquire a majority stake in Indonesian paper packaging firm PT Maju Jaya Sarana Grafika (MJSG) for undisclosed amount. Maju Jaya provides services from design, prepress, ...
Tags: AR Packaging, Packaging
Maruchan Ajinomoto, a Ajinomoto’s joint venture with Toyo Suisan Kaisha, has announced to begin production and sale of instant noodles in India next month. The joint venture between the two Japanese companies is looking to tap into ...
Tags: Ajinomoto, Instant Noodles
US-based cereal maker Kellogg has entered into an agreement to acquire Ritmo Investimentos, a controlling shareholder of Brazilian food group Parati Group. The purchase price of the acquisition is about $429m and it will be an all-cash ...
Tags: Kellogg, emerging markets
China's COSCO Shipping Ports Limited Tuesday announced its subsidiary has acquired a 40-percent stake in Italy's Vado Holding B.V. from Maersk Group's APM Terminal for 53 million euros (58.3 million U.S. dollars). Vado Holding operates ...
Tags: COSCO, Overseas Shipping
Tyson Foods has acquired a 5% stake in Beyond Meat, a Los Angeles-based producer of plant-based meat substitutes. The investment was provided via a fundraising initiative by Beyond Meat. It will provide additional capital to help the ...
Tags: Tyson Foods, stake, Beyond Meat
The biggest patent case to hit the modern tech world is back again. Apple and Samsung will appear before the US Supreme Court on Tuesday to argue why their opponent was wrong when it came to a patent case from 2012. This is the first time ...
Tags: US Supreme Court, Apple, patent case, Samsung
The Continental Corporation has announced targeted acquisitions to expand its technology expertise. The international automotive supplier, tire manufacturer and industrial partner has acquired the tire specialist Hoosier Racing Tire ...
Tags: Continental Corporation, acquisition, technology expertise
The European Commission (EC) has approved the joint acquisition of Slaney Foods JV and Slaney Proteins by ABP Group and Fane Valley. The proposal for acquisition of the stake has been cleared unconditionally by Europe’s competition ...
Tags: EC, joint acquisition, ABP, Fane Valley
American confectionary giant Mars has unveiled plans to combine merge chocolate and wrigley segments to form a new company aimed at unifying its chocolate and candy business. Named as Mars Wrigley Confectionery, the new company will help ...
Tags: Mars, chocolate and wrigley segments, merger
Freedom Foods Group has entered into a memorandum of understanding (MoU) with its Guangzhou based partner Shenzhen JiaLiLe Food (JLL) to set up a new company for expansion of its Australia’s Own (AO) brand in China. The new company ...
Tags: Freedom Foods Group, MoU, AO, JLL
Consolidated Grain and Barge (CGB) is set to expand its soybean processing plant in southwest Indiana with an investment of more than $31m. Through the expansion, the company plans to double the size of its plant located at the Port of ...
Tags: CGB, expansion, soybean processing plant
Global food processing company Archer Daniels Midland Company (ADM) has acquired the assets of Illinois based Caterina Foods for an undisclosed sum. Based in Lake Bluff in the US state of Illinois, Caterina Foods is a toll manufacturer of ...
Tags: ADM, Caterina Foods, acquisition