Beam Suntory and Stock Polska have expanded their distribution agreement in Poland. The companies have entered into an exclusive three-year distribution deal in the market, which will see Stock Polska handle Beam's entire portfolio in the ...
US firm JBT has signed an agreement to acquire Tipper Tie from Dover for around $160m. Based in Apex of North Carolina, Tipper Tie provides protein processing and packaging solutions, and related consumables to the food industry. The ...
Tags: JBT, agreement, Tipper Tie
PSA Group and SAIPA have signed a joint-venture (JV) agreement to produce and sell Citroen vehicles in Iran. This 50/50 joint-venture lays the foundations for a strategic partnership between the two companies. It will cover the entire ...
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Schaeffler has signed a multi-year strategic partnership agreement with IBM to speed up the digital transformation of its entire operations and customer solutions using Watson’s cognitive intelligence and insight from billions of ...
Tags: Schaeffler, agreement, IoT
Bosch and TomTom to jointly demonstrate autonomous driving technology, with Bosch's demo vehicle being equipped with TomTom's HD Maps and RoadDNA technology at Australian F1 Grand Prix circuit at Albert Park. TomTom HD Map and RoadDNA are ...
The University of Sheffield Advanced Manufacturing Research Centre (AMRC) and Ricardo have signed a memorandum of understanding (MoU) to work on powertrain electrification projects. As global specialists in transport, security, energy, ...
Tags: AMRC, MoU, Ricardo, powertrain electrification projects
Turkey producer Bernard Matthews and ITV Studios Global Entertainment (ITVS GE) have struck a deal to create the latter’s first licensed frozen turkey products in the UK under the Thunderbirds Are Go brand. Set to be launched at ...
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Chocolate and cocoa products maker Barry Callebaut has opened its first chocolate factory in Indonesia. The company had entered into a long-term agreement for out-sourcing with GarudaFood Group. As per the deal, GarudaFood will supply ...
Egpyt-based bakery group Edita Food Industries has signed an agreement with Khalifa A.Algosaibi Cold Stores (KACS) for distribution of its products in Saudi Arabia. As per the agreement, KACS will distribute the Edita’s ...
Tags: Edita Food Industries, KACS, agreement
Orkla Food Ingredients has, through its 50% ownership in FD Holding Oy, been granted European patent for the FOODDUCK spread dispenser. Corresponding patent application has also been approved for grant in the US. Following successful test ...
Tags: Orkla Food Ingredients, FD Holding Oy, FOODDUCK spread dispenser
Krispy Kreme Doughnuts has announced a development agreement with Hagar verslainr ehf. that will bring the sweet treat company to Iceland. The first of five Krispy Kreme shops will open in Reykjavik on 5 November. "We are excited to ...
Tags: Krispy Kreme Doughnuts, agreement, Hagar verslainr ehf.
Neovia Vietnam launches a new pig production chain called “Le porc du Mékong”, in partnership with the Grimaud and Le Boucher Groups. The creation of a pig production chain in Vietnam, in partnership with the various ...
Tags: Neovia Vietnam, Le porc du Mekong, Grimaud and Le Boucher Groups
Food technology company JBT has entered into an agreement to acquire Tipper Tie for $160m to expand its protein platform. However, the transaction value is subject to customary post-closing adjustments. Expected to close in the fourth ...
Tags: JBT, Tipper Tie, acquisition
Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
US Foods has entered into an agreement to acquire specialty foods distributor Jeraci Foods to expand its reach in the Italian independent restaurant and pizzeria sectors. However, the terms of the transaction were not disclosed. Based ...
Tags: US Foods, Jeraci Foods, acquisition