Thai Union Frozen Products (TUF) is considering divesting its stake in American tuna brand Chicken of the Sea, a move that could clear the way for its planned $1.5bn acquisition of Bumble Bee Foods. TUF CEO Thiraphong Chansiri was quoted ...
Tags: Frozen Products, Chicken
The Toy Store’s owner has sent a letter of intent to Hamleys-owner Ludendo, highlighting its interest in acquiring the iconic Hamleys names. Hamleys has reportedly received a bid of interest from Gulf Greetings, the Middle Eastern ...
Tags: toys, toy manufacture
Japan's integrated beverages company Kirin is reportedly planning to acquire 55% stake in Myanmar Brewery from Singapore-based beverage producer Fraser and Neave (F&N) for $560m. Reuters cited sources familiar with the matter as saying ...
Tags: beverage, beverage manufacture, Kirin, company acquisition
Castle Brands, a developer and international marketer of premium and super-premium branded spirits, today reported financial results for the quarter ended June 30, 2015. Net sales increased 37.8% to $16.5 million for the first quarter of ...
Tags: spirits, Whiskey, Ginger Beer
The European Bank for Reconstruction and Development (EBRD) is providing €44.7m as loan to Coca-Cola Beverages Tajikistan (CCBT) for setting up a greenfield soft drink bottling plant in that country. Aimed at cutting down on imports ...
Tags: Coca-Cola Bottling, soft drink
South African food firm RCL Foods will acquire 33.5% stake in poultry producer Hudani Manji Holdings (HMH) in a $4.66m deal as part of an agreement between both the companies. The acquisition will allow the company to make its entry into ...
Tags: RCL Foods, food products, edible products, grain
US-based craft brewery SweetWater Brewing is preparing for an initial public offering (IPO). Reuters cited people familiar with the matter as saying that SweetWater is negotiating for stock market flotation with investment banks, which is ...
Tags: beverage, beer, brewery SweetWater
Snack products maker Diamond Foods has opened a new innovation center in Salem, Oregon, in order to bolster its product development capabilities. The new 7,000ft2 center located next to the Kettle Brand potato chip facility houses R&D ...
Tags: snack, Diamond Foods, potato chip
Flexible packaging firm GualapackGroup has acquired a majority stake in Tradbor Indústria e Comércio (Tradbor Stand-up-Pouches), a pre-made stand-up pouches manufacturer in So Paulo, Brazil. The Brazilian company is stated ...
Tags: packaging material, packaging carriage, GualapackGroup
Since the implementation of policy of subsidies for purchasing agricultural machinery in 2004, China agricultural machinery industry has maintained double-digit growth, even with the operating revenue growth rate of 33.8% in 2011. However, ...
Tags: agricultural machinery, tractor
Automobile major Volvo Cars has acquired 100% stake in Swedish high performance carmaker Polestar as well as the brand, set to be utilized as model name for high performance vehicles out of its stable. Currently developing and ...
Tags: automobile manufacture, vehicles, Volvo Cars
Private equity firm North Castle Partners has acquired controlling stake in Sprout Organic Foods in a move to bolster its presence in the natural and organic nutrition industry. Sprout Organic Foods primarily serves the baby / toddler ...
Japan-based Sumitomo Rubber Industries (SRI) and Turkish firm Abdulkadir Ozcan Otomotiv have flagged off output at their tire manufacturing unit, set up through joint venture in the Central Anatolian province of ankr, Turkey. Under the ...
Tags: tire production, automobile accessories, tire business
Dawn Meats has received approval for the proposed acquisition of a 49% stake in French beef and veal processor Elivia from the EU Competition Commission. Upon completion of the deal, Dawn Meats will have an option to increase its ...
German automotive major Daimler Trucks has picked up share in US logistics, telematics and connectivity solutions firm Zonar Systems for designing fully-connected vehicles and providing value-adding data for truck drivers and operators. ...
Tags: automobile production, car manufacture, Daimler Trucks