Australia-based beverage company Casella Family Brands will acquire Peter Lehmann Wines from the Hess Group for $49.5m. The Yellow Tail wine producer has offered $1.31 per share for Peter Lehmann's winery and brand. Upon completion ...
Australian mining heiress Gina Rinehart is planning to invest $500m in a new infant milk powder venture Hope Dairies. According to media reports, Rinehart is expected to sign a memorandum of understanding with Queensland Government and ...
Chinese dairy major Inner Mongolia Yili Industrial has partnered with Dairy Farmers of America (DFA) to establish a dairy plant in Kansas. The company owns 30% stake in the joint venture, which has a registered capital of around $100m. ...
Tags: Inner Mongolia Yili Industrial, Dairy Farmers of America, Agriculture
US-based buyout firm Lindsay Goldberg will sell German packaging company Weener Plastik for approximately $500m (€400m), as per a report by Reuters. Reuters quotes that rival buyout firms including CD&R, Ardian, Charterhouse and ...
Tags: Weener Plastik, packaging firms, Agriculture
French dairy major Danone has agreed to acquire 25% stake in Chinese infant formula producer Yashili for €437m. The move forms a part of the company's strategy to expand its footprint in China. Under the agreed terms, China ...
Coca-Cola has agreed to acquire 29.4% stake in Coca-Cola Amatil's (CCA) Indonesian operations, in a $500m deal. An agreement to this effect was signed between the two companies. The investment will be used for the expansion of CCA ...
Myanma Economic Holdings (MEHL), which is controlled by Myanmar military, has won an arbitration case against Singapore-based beverage producer Fraser and Neave for the acquisition of latter's stake in Myanmar Brewery. MEHL was seeking ...
Tags: Myanmar Brewery, Agriculture
Quiksilver Inc. reached a definitive agreement to sell its majority stake in online retailer Surfdome to Surfstitch of Australia for net proceeds of approximately (US)$16 million for its equity interest, loans and other amounts due from ...
Tags: Quiksilver, Surfdome, Sporting Goods
Bottling company Coca-Cola Femsa plans to increase its investment in the Philippines operations to $1.7bn by infusing $500m by the end of 2015. The company will use the funds to upgrade its existing facilities and to establish ...
Diageo is in talks with Jose Cuervo to acquire the remaining 50% stake in Don Julio tequila, and in exchange offer its Bushmills whiskey assets. The company currently owns 50% stake in Don Julio. The take-over of the complete ...
Emperador Distillers, the Philippines-based hard liquor unit of Alliance Global Group, has completed the previously announced acquisition of Diageo’s Whyte & Mackay whiskey business for £430m. Scope of the transaction also ...
Tags: Whyte&Mackay products, whisky drinking culture, Agriculture
Cooper Tire & Rubber Co. posted net income of $47.7 million on net sales of $920.1 million for the third quarter ended Sept. 30, 2014. That compares to a net loss of $168 million on sales of 832.4 million for the same period last year. ...
Tags: Cooper Tire, Auto Tire
Lassonde Industries posted sales of $315m in the third quarter of 2014, a 22.3% increase year over year. Profit attributable to the Company's shareholders for this period totalled $10.6m, down $0.6m from the third quarter of 2013. "Our ...
Tags: Financial results, Apple&Eve, Agriculture
For its fiscal fourth-quarter 2014 (to 3 October), Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) has reported revenue of $718.2m, up 22% on $587m last quarter and 51% on $477m a year ...
Tags: Skyworks, semiconductors
The analyst presentation that De Beers published this week on behalf of Anglo American was as revealing as the company’s much publicized Diamond Insight Report. Whether this was a once-off publication or not, the presentation was ...