Berkshire Hathaway company CTB has agreed to purchase 80% stake in Danish company Cabinplant for an undisclosed sum. Based in Haarby, Cabinplant provides processing and weighing / packing solutions for the food industry. With ...
Tags: CTB, Cabinplant, stake
Sweden-based vegetable oils and fats producer AAK has announced the completion of the acquisition of California Oils (CalOils). In July, AAK announced that it was acquiring CalOils, which is based in Richmond, California, from ...
Tags: AAK, CalOils, acquisition
Global food company Paulig Group has acquired a major stake of 51% in Finland-based Gold&Green Foods for an undisclosed amount. Gold&Green Foods is the manufacturer of pulled oats, a food innovation product. The partnership between the ...
Tags: Paulig Group, Gold&Green Foods
US-based snack maker Snyder's-Lance has announced that its subsidiary Kettle Foods will acquire the remaining 74% stake in Metcalfe's skinny. However, the financial details of the transaction were not disclosed. In January, Kettle Foods ...
At a time when dairy companies have struggled with the continued European oversupply of milk, Arla has strengthened the quality and profitability of its business. Arla’s strategic branded sales grew 6.1 per cent in the first half of ...
Tags: Arla, dairy, positive results
Chinese pork production company WH Group revealed that CDH Investments, one of its major investors, is planning to sell 10.61% stake in the company worth about HK$9.25bn($1.19bn). CDH is planning to offload a total of 1.55 billion shares ...
Tags: WH Group, CDH Investments
Kuwait-based food distributor Mezzan Holding has acquired a 70% stake in Al Safi Food Company for SAR90.75m ($24m). This will allow the Kuwait-based company to manufacture and distribute food and beverage products in Saudi Arabia using Al ...
Tags: Mezzan, Al Safi Food Company
Mondelez International has bought the remaining 20% stake in Vietnamese food company Kinh Do’s snack unit for VND 2tn ($90m) as part of its expansion strategy in emerging markets. In November 2014, Mondelez had agreed to buy 80% of ...
COFCO has reached an agreement to acquire the remaining minority stake in Nidera Capital to gain full ownership of the company. The minority stake has been bought by COFCO International from Cygne to gain 100% ownership in Nidera. The ...
Fonterra has announced that it will invest $6.2m to expand the coolroom of its Cobden Spreads plant in Australia. The expansion will increase storage capacity of butters and spreads after production, allowing the storage of more products ...
Tags: Fonterra, Cobden Spreads plant, investment
The Australian Competition and Consumer Commission will not oppose two separate proposals by consortia to acquire the 50-year lease of the Port of Melbourne, following careful consideration of potential cross-ownership interests and ...
Tags: ACCC, Port of Melbourne
China’s Aoxin Tianli Group, a producer of breeder hogs, market hogs and black hogs, has signed an agreement with Shangzhi Xiaop (Dalian) E-Commerce to sell its products online. As per the agreement, Aoxin Tianli will sell its ...
Annie's, maker of America's favorite childhood foods with natural and organic ingredients, launched its new brand campaign demonstrating how the company is bringing delicious, organic food to nearly every aisle of the grocery store, and ...
Tags: Annie's, childhood foods, new brand campaign
Carlsberg Group has signed an agreement to sell 59% of its share in Carlsberg Malawi Limited to Castel Group. The registration of the transaction is pending certain regulatory and corporate approvals. The transaction is in line with ...
Tags: Carlsberg Group, agreement, Malawi
China’s new energy policies are driving the country’s domestic market for lithium batteries used in plug-in vehicles (xEVs). The strong demand from the xEV application has put pressure on the supply lithium batteries used in IT ...