CapitalG, a growth investment fund under Alphabet has led $1bn round of investment in ride-hailing company Lyft. With this investment, Lyft’s valuation has gone up to $11bn. CapitalG’s partner David Lawee will be joining ...
Tags: CapitalG, Rival Lyft
United Caps, a Luxembourg-based high performance cap and closure systems manufacturer, is set to acquire the plastic closures division of Closures4you. The acquired assets include 28mm caps for re-usable glass bottles as well as for ...
Tags: United Caps, Plastic
Lamb Weston has completed a $200m expansion project at an existing potato facility in Richland, Washington (WA) to increase its processing capacity for manufacturing frozen French fries. The Richland facility, which was built in 1972, was ...
Finland-based Valmet has formed a partnership with chemicals company Kemira to expand its industrial internet ecosystem project further. The company says that the agreement inked with Kemira is expected to deliver added value to pulp and ...
General Motors (GM) has is advancing self-driving vehicle deployment acquired with the purchase of Strobe. Financial details about the deal were not disclosed. As part of the acquisition, Strobe’s engineering team will be ...
A specialized packaging provider in the US has selected TrackX Holdings’ GAME for Supply Chain Management (SCM) platform to manage and optimize supply chain assets and related business processes. TrackX Holdings, based in Denver, ...
Tags: Trackx, SCM Solution, Packaging
US Representative Frank A. LoBiondo said that the Cumberland County Improvement Authority (CCIA) has been awarded a $2.5m grant from the US Economic Development Administration (EDA) to build a Food Industry Commercialization Center near the ...
Tags: LoBiondo, Food Industry
Riber S.A. of Bezons, France, which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells, has confirmed revenue of €12.5m for first-half 2017, up 80% on €7m in first-half 2016 (and ...
Self-adhesive label materials manufacturer UPM Raflatac has introduced new plant-based PE film for home and personal care applications. Launched in European market, the company’s new RafBio PE film can be used for the squeezable ...
International Paper (IP) has unveiled plans to invest around $300m to convert its No. 15 paper machine at the Riverdale Mill in Selma, Alabama, US. The company will convert the paper machine from uncoated freesheet to whitetop linerboard ...
Tags: International Paper, paper machine
DS Smith Plastics is set to open a new rigid packaging manufacturing facility in Romeoville, Illinois, US. The company intends to start production at the new rigid packaging facility in the last quarter of this year. DS Smith will use ...
Tags: Smith Plastics, Rigid Packaging
Paper and packaging solutions provider WestRock has unveiled plans to construct a new corrugated box plant in Porto Feliz, a municipality located in the Brazilian state of Sao Paulo.The facility will meet increasing demand from the ...
Tags: Packaging, Corrugated Packaging
XMS Capital Partners has announced that it served as financial advisor to Veritiv on its acquisition of All American Containers, a family-owned and operated distributor of rigid packaging, including plastic, glass and metal containers, ...
Tags: American Containers, Containers
Nestlé has agreed to purchase US-based Sweet Earth to enter plant-based protein market. Sweet Earth produces products ranging in plant-based proteins like wheat-based seitan, tofu as wells as legumes such as lentils, chickpeas and ...
Tags: Nestle, protein market
Finnish food packaging specialist Huhtamaki has completed the purchase of International Paper's foodservice packaging operations in China. The divested business has two facilities in Shanghai and Tianjin and a workforce of about 200 ...
Tags: Foodservice Packaging, Paper