Home appliances major Whirlpool and brewer Anheuser-Busch InBev have joined hands and started selling single serve capsule-based drink machines for soda, juice and coffee in Brazil. Setting in motion their joint venture valued at more ...
Tags: Whirlpool, AB InBev, Drink Machine
French agricultural co-operative Terrena and oilseed investment firm Sofiproteol are in talks to acquire a controlling stake in poultry exporter Doux. If these talks succeed, Terrena will acquire 52.5% stake in Doux from D&P ...
Tags: Poultry Exporter, Doux, food service
South African retail heavyweight Christo Wiese through his private equity vehicle Brait SE has acquired 90 per cent stake in UK fast fashion apparel retailer New Look. Brait SE has acquired the stake for £780 million, primarily ...
Tags: Brait, Apparel Retailer, Apparel
Seven fashion and retail trade organisations in the US and Africa, including the United States Fashion Industry Association (USFIA), have called for immediate renewal of the African Growth & Opportunity Act (AGOA), which is scheduled to ...
Tags: Fashion Industry, Apparel
Singapore-based Neo Group is planning to acquire surimi-based seafood products manufacturer Thong Siek Holdings (TS Group) in the country. The company will acquire 55% stake in TS Group in a deal worth $5.55m, DealStreetAsia reported. ...
Tags: Surimi-Based Foods, Neo Group
Glass container manufacturer Owens-Illinois (O-I) is buying Mexican company Vitro's food and beverage glass container business for around $2.15bn, to gain a competitive position in the Mexican glass packaging market. O-I will acquire ...
Tags: Owens-Illinois, Glass Container, Packaging
Food testing services provider Eurofins Scientific has agreed to acquire 65% majority stake in Vietnamese food testing company Sac Ky Hai Ang (EDC-HD) for an undisclosed amount. EDC-HD, a merger between the Ho Chi Minh City Center of ...
Tags: Food Testing, Eurofins Scientific
Work to convert existing Cargill Blair manufacturing facility to produce next-generation stevia sweeteners has commenced, under a partnership between Evolva and Cargill. Evolva will continue with the option to acquire a 45% stake in the ...
Tags: Evolva, Stevia Sweeteners
Intrawest Resorts Holdings, Inc. reported total skier visits increased 26.8 percent in the fiscal third quarter ended March 31 compared to the prior year period, or 2.6 percent on a same-store basis. Lift revenue increased 21.1 percent ...
Tags: Intrawest, Sports Wear
US wholesale energy provider Southern Power, a subsidiary of Atlanta-based Southern Company, has acquired a controlling stake in the 32MW Lost Hills-Blackwell Solar Facility in California from cadmium telluride (CdTe) thin-film photovoltaic ...
Tags: Solar Facility, Solar Cell
Brazilian food company BRF is set to establish a joint venture with UK-based Invicta Food Group to distribute processed foods in Britain, Ireland and Scandinavia. Reuters reported citing a securities filing that the company's ...
Tags: Processed Foods, BRF
Packaging company Ardagh is almost said to have completed its €3bn acquisition of the glass packaging unit of Saint Gobain. Saint Gobain has been considering the sale of Verallia to focus on higher-margin home and construction ...
Tags: Glass Packaging, Packaging
Croatian food company Podravka has agreed to purchase 51.55% regular shares of Slovenia’s food producer Zito for a total amount of €33m. The Croatian firm will pay €180.1 per share and the acquisition is subject to ...
Tags: Podravka, food producer Zito
State-owned Shandong Iron and Steel Group Co Ltd said on Monday that it has acquired the remaining 75 percent stake it does not own in a mining project in western Africa's Sierra Leone. Shandong Steel had earlier acquired a 25 percent ...
Tags: Steel Firm, Iron Group, Steel Group
Canada based agribusiness joint venture G3 Global Grain Group (G3) is set to acquire 50.1% stake in grain handler CWB for C$250m ($201m). G3 is a joint venture between the Canadian subsidiaries of Saudi Agricultural and Livestock ...