2 Sisters Food Group is reportedly negotiating to sell its Fox's Biscuits unit to Burton's Biscuits, which is owned by Ontario Teachers' Pension Plan. The sale, which is being advised by Rothschild could bring the valuation of 2 Sisters ...
Tags: 2 Sisters Food, Biscuits
Campbell Soup is launching a $125m venture capital fund, Acre Venture Partners, to invest in food startup companies, seeking new areas of interest for growth. The company will be the limited partner in the new venture capital fund and ...
Tags: Campbell Soup, Food Startups
Beverage company PepsiCo has entered into a Memorandum of Understanding (MoU) with Maharashtra state in India to support fruit processing and horticulture as part of its Rs330bn ($4.8bn) investment plan in the country by 2020. Under the ...
US-based chicken producer Pilgrim’s Pride has announced to invest $190m in a strategic growth plan to expand production of Pilgrim’s Pierce Chicken brand. The growth plan, which was initiated in the fourth quarter of 2015, ...
Tags: Pilgrim's Pride, prepared foods
UK's natural spring water company Montgomery Waters has invested in second PET bottling line from liquid packaging solutions provider Sidel. Sidel's complete line includes compact blow-fill-cap Combi solution featuring a Sidel Matrix ...
Self-adhesive laminates producer Frimpeks is planning to invest in new equipment for its Saxmundham site in the UK over the next three years. The plans for the expansion come one year after the company launched its UK presence by opening ...
Indian Dairy Manufacturing Company (IDMC), a subsidiary of National Dairy Development Board (NDDB), has opened phase II of its plastic pouch packaging film plant in Anand district in the state of Gujarat. The Rs370m ($5.46m) phase I of ...
Two years ago, Allied Glass was the first glass container manufacturer in the UK to invest in 3D print technology, this was in order to help provide our customers with the opportunity to create a physical bottle design in just a few hours. ...
Tags: Allied Glass, 3D Printing
Star Wars was not the only force making a come-back in 2015. The return of generic advertising brought with it a promise of increased profitability for the diamond trade. Even as numerous stories reflecting pain in the industry vied for our ...
General Motors is teaming up with ride hailing service provider Lyft to create an integrated network of on-demand autonomous vehicles in the US. Under the agreement, General Motors (GM) is planning to invest $500m in Lyft to help the ...
Global cockpit electronics supplier Visteon Corporation, will show a full range of head-up display (HUD) solutions for vehicles at the 2016 International CES, Central Plaza (CP20) at the Las Vegas Convention Center. Visteon will exhibit ...
Tags: head-up display, vehicles
For fiscal second-quarter 2016 (to 26 December), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $94.1m (slightly above the $88-94m guidance). This is up ...
Tags: Oclaro, Wireless sales
Murray Goulburn has signed a five-year national private label contract to supply Coles-brand Australian cheese The move is part of MG’s ongoing push to secure critical mass in Australia's dairy foods market. MG said it would ...
Tags: Coles'Cheese, Murray Goulburn
Nissan is planning to invest £26.5m to produce next generation electric vehicle (EV) batteries at the company's advanced lithium-ion battery manufacturing plant in Sunderland, UK. The proposed investment expects to save 300 jobs ...
Tags: Electric Vehicle, Batteries
The US Department of Transportation Secretary Anthony Foxx has announced that the US government will invest nearly $4bn to support development of automated vehicles technology. US government will include the outlay in its budget ...
Tags: Autonomous Vehicle, pilot programs