Private equity firms Blackstone and BC Partners are set to submit a joint bid for frozen food company Iglo, in a deal which is expected to value the company at $3bn, including debt. The two firms, which were earlier competing with each ...
Tags: frozen food company, Blackstone, pea, poultry and potato waffle products
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy
EVRAZ Plc welcomes the decision by Fitch Ratings to assign EVRAZ plc a long term foreign currency Issuer Default Rating of BB outlook Stable; and a Short term foreign currency IDR of B. The rating is the same as the current rating for ...
Tags: foreign currency, credit metrics, steel consuming industries
Swedish carmaker Volvo is planning to reduce 10% production from 57 units per hour to 52, at its main plant in Gothenburg in southwestern Sweden from 1 October 2012, in response to reduced demand for its cars in Europe. The carmaker is ...
Tags: Volvo, cut production, slow demand
Highlands Pacific has announced that the USD 1.5 billion Ramu Nickel Cobalt Mine has recently completed loading its maiden shipment of mixed nickel cobalt hydroxide intermediate product from the Basamuk process plant in Papua New Guinea. ...
Tags: mixed nickel, mixed nickel cobalt hydroxide intermediate product
Alan Offenberg has been named chief executive officer by the Compass Diversified Holdings board and will remain on the company's board of directors. Compass is the parent of Fox and CamelBak. Offenberg is a founding partner of Compass ...
Tags: Fox, CamelBak, Compass Group
Australian grain handler GrainCorp has agreed to acquire Australian oilseed crusher Gardner Smith for A$302m ($313.82m) as well as Goodman Fielder's commercial oils business Integro Foods for A$170m ($176.65m). The deals, which represent ...
Tags: commercial oils business, edible oil sector, leading oilseed crusher
THE WOODLANDS, Texas — Furniture, electronics and appliance retailer Conn's posted net income of $11.8 million or 35 cents per share in its fiscal third quarter as higher margins and a strong furniture and bedding business continued ...
North American supplier of general line rigid containers BWAY Parent Company through its primary operating subsidiary BWAY has entered into an agreement to be acquired by equity investment firm Platinum Equity for $1.24bn. Under the terms ...
Tags: rigid containers, value creation, investment
Investment firm Platinum Equity’s affiliate has completed the previously announced acquisition of BWAY, a North American supplier of general line rigid containers for $1.24bn, from Madison Dearborn Partners through a merger. ...
Tags: Bway, rigid containers, general line
National Electric Vehicle Sweden (NEVS) has acquired major part of the bankrupt Swedish automaker Saab Automobile, for an undisclosed sum, defeating a bid from China's Zhejiang Youngman Lotus Automobile. NEVS is an international ...
Tags: National Electric Vehicle Sweden, Saab Automobile, electric car
German car manufacturer Porsche is planning to speed up sell its remaining 50.1% stake in its sports-car business to Volkswagen to pave the way for cost savings and pare the debt. Though Volkswagen is keen to acquire the remaining stake, ...
Tags: Porsche, sports-car business, Cayenne SUV, Panamera four-door coupe
Hostess Brands, the bankrupt producer of bakery products, is in talks with several bidders over the sale of its brands. About 110 bidders have contacted the company over the purchase of a part of the business, while 70 bidders are ready ...
Tags: Hostess Brands, bakery products, bankrupt, sale, bread
Northstar Agri Industries,a subsidiary of US-based PICO Holdings,plans to set up a canola processing facility in Enid,Oklahoma,US. The new facility will have a processing capacity of 2,200 tons of canola per day or 760,000 tons ...
Tags: canola processing facility, processing capacity, investment
French poultry firm Doux,which entered into administration in June 2012 putting the livelihood of over 3,400 workers and 800 farmers at risk,has received 11 takeover bids. Bidders included co-operative Terrena,agribusiness firm La ...