Archer Daniels Midland (ADM) has agreed to acquire 50% stake in the sweeteners and starches business of Russia-based Aston Foods and Food Ingredients. ADM Europe, Middle East and Africa president Pierre Duprat said: “ADM has ...
Tags: Sweeteners, Aston Foods
US food giants Archer Daniels Midland (ADM) and Cargill have signed an agreement to create a joint venture (JV) to meet increasing customer demand for soybean meal and oil in Egypt. The JV, which will be equally owned by the partners, ...
Tags: Archer Daniels Midland, soybean
Groupe PSA has acquired controlling stake in Chinese automotive spare parts distributor Jian Xin. With this acquisition, Groupe PSA will be able to accelerate the rollout of its aftermarket offering in China by rapidly establishing its ...
Tags: automotive spare parts, Jian Xin
Eltete Group, a provider of transport packaging solutions, has acquired the remaining 55% stake in Poland-based Packprofil. Eltete, which owned 45% stake in Packprofil before 2001, now became the sole owner of the company by purchasing ...
Tags: Eltete Group, edgeboards
Sweden-based Duni has purchased a 75% stake in Kindtoo, trading as Biopac UK, from entrepreneurs Mark Brigden and Eric Graham for an undisclosed sum. Established in 2002, Biopac UK provides sustainable disposable packaging solutions for ...
Tags: Duni, isposable packaging
Food and beverage giant Nestlé has purchased a majority stake in Terrafertil, a South American organic food company that manufactures plant-based foods and snacks. Financial terms of the transaction have not been disclosed by the ...
Tags: Nestle, Organic Food
UK-based frozen food supplier Iceland Foods has committed to eliminate plastic packaging from all of its own brand products within next five years. The move follows a recent decision made by the UK Prime Minister Theresa May to eradicate ...
Tags: frozen food, plastic packaging
International Paper has completed the transfer of its North America Consumer Packaging business to Graphic Packaging. Graphic Packaging holds 79.5% stake in the combined company, while IP owns the remaining 20.5% interest. In October ...
Tags: Graphic Packaging, Packaging
Vietnam Beverage, ThaiBev’s domestic unit, has won a bidding to acquire 54% stake in Saigon Beer Alcohol & Beverage Corp (Sabeco) for $4.8bn. Sabeco is owned and under the authority of Vietnam's Ministry of Trade and Industry. The ...
Tags: Thai Beverage, Beverage
Groupe Renault and Brilliance China Automotive have signed a joint venture (JV) contract to manufacture and sell light commercial vehicles (LCV) in China in three segments with three brands. The new JV, which will be known as ...
Tags: Renault, Light Commercial Vehicles
The US Food and Drug Administration has issued draft guidance for drug manufacturers to clarify when a gluten-containing ingredient has been used to make prescription and over-the-counter drugs. Gluten is a protein found in wheat, barley ...
Turkey-based Polinas Plastik Sanayii ve Ticareti has acquired flexible packaging solutions producer Propak. Polinas, which is owned by Ulker Group, has acquired Propak from Southeast Europe Equity Fund II (SEEF II) for an undisclosed sum. ...
Tags: Polinas, Flexible Packaging
US-based differentiated paper and packaging solutions provider WestRock has signed agreements to acquire all of the assets of Plymouth Packaging, a corrugated packaging company, for an undisclosed amount. Under the terms of the deal, ...
Tags: Westrock, Plymouth Packaging
Beyond Meat has closed a new financing round led by Cleveland Avenue, a venture capital firm founded by Don Thompson, former CEO of McDonald’s Corporation. “We see Beyond Meat as a strategic and compelling consumer-focused ...
Tags: Tyson Foods, Beyond Meat
Packaging firm Cascades has acquired four containerboard packaging plants in Ontario, Canada from Coyle family. The firm has also acquired 33% ownership stake in Tencorr, a manufacturer of sheet stock for box producers, as well as ...
Tags: Packaging, containerboard