Bristol MetroBus scheme has been funded £27m by the UK government to boost the existing bus services. The MetroBus network provides new express bus services into the city using dedicated 'busways'. With the funding, second phase ...
Tags: first-rate transport systems, driving economic growth, Auto
Dutch food company Wessanen has agreed to acquire Italian organic drinks firm Abafoods for €52m. An agreement to this effect was signed between both the companies. Abafoods currently operates an advanced manufacturing plant in ...
Tags: rice, coconut, almond, Agriculture
US-based establishment Avery Brewing has extended its on-going partnership with MicroStar Logistics. The move comes as Avery is planning to move its operations into a $27m, 96,000ft2 brewery in Boulder, Colorado. MicroStar has been ...
Tags: Avery Brewing, Keg Management
The US Department of Agriculture (USDA) has offered around $52m in grants to boost local and organic food system in the country to cater to the increasing demand for local and organic options. The funding will be used to increase consumer ...
Tags: Agriculture, Food, Organic Food
US-based engineered and applied products manufacturer TriMas has acquired India-based Lion Holdings for $27m in cash, expanding its packaging footprint. TriMas will include the newly acquired business in its packaging segment. TriMas ...
Cott Corporation’s UK/Europe business unit has purchased all subsidiary companies of Aimia Foods in a $133m deal.The acquisition price includes the payment of nearly $80m at closing plus an adjustment for working capital, $33m in ...
Tags: UK Business Unit, Aimia Foods
Australia-based packaging company Amcor has signed an agreement to acquire Indonesia-based flexible packaging business Bella Prima Packaging for around A$27m ($25.1m). According to Amcor, the purchase price represents seven times CY2013 ...
Tags: Flexible Packaging, Amcor
American food company Bunge has reported net loss of $27m in the first quarter of fiscal 2014, compared to net income of $170m in the same quarter a year ago. The company's gross profit was $414m, a decrease from $647m in the ...
Tags: Bunge, food company
Malta-based brewing firm Simonds Farsons Cisk will open a new beer packaging facility with an investment of €27m. The new facility will comprise a glass line and a canning line, which will be capable of filling beer and non-alcoholic ...
UK-based 2 Sisters Food Group has posted an operating profit of £25.5m ($41.6m) for the 13 weeks ended 26 October 2013 (Q1 2013/14), compared to £30.5m for the same period last year. Total like-for-like (LFL) sales increased ...
Tags: 2 Sisters Food, chilled foods
For its fiscal first-quarter 2014 (ended 29 September 2013), LED chip, lamp and lighting maker Cree Inc of Durham, NC, USA has reported record revenue of $391m, up 4% on $375m last quarter and 24% on $315.8m a year ago. Fiscal Q1/2013 ...
Tags: Cree LED, Electrical, Electronics
ARPA-E Deputy Director Cheryl Martin today announced $27 million in funding from the Energy Department’s Advanced Research Projects Agency-Energy (ARPA-E) for 14 projects aimed at developing next-generation power conversion devices ...
McCormick, a US-based spices and seasonings manufacturer, has unveiled several initiatives in the Europe, Middle East and Africa (EMEA) markets, as part of its Comprehensive Continuous Improvement program (CCI). The company stated that it ...
Tags: McCormick, Cutting Initiatives
ARPA-E deputy director Cheryl Martin has announced $27m in funding from the US Department of Energy's (DOE) Advanced Research Projects Agency-Energy (ARPA-E) for 14 projects aimed at developing next-generation power conversion devices that ...
Tags: Electrical, Electronics
The total annual value of property and casualty (P&C) and life insurance policies sold through digital channels in Europe is expected to touch €25bn in 2016, which is more than twice the 2012 volume of €12bn. A new study by ...
Tags: Insurance, Digital Channels