Hong Kong-based pork supplying giant WH Group said that its subsidiary Smithfield Foods will acquire 100% stake of two Romanian packaged meats manufacturers Elit and Vericom for an undisclosed price. The acquisition will further expand ...
Tags: Smithfield Foods, Packaged Meats
Agribusiness giant Cargill has agreed to merge its fresh chicken business in the UK with Faccenda Foods’ fresh chicken, turkey and duck operations to create a new food firm. The parties will establish a fresh poultry joint venture ...
Tags: Cargill, Faccenda Foods
Unilever has agreed to divest its South African spreads business to Remgro as part of a ZAR11.9bn ($900m) worth deal with the investment firm. Under the terms of the agreement, Unilever will buy Remgro’s 25.75% stake in Unilever ...
Tags: Unilever, food, personal care products
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
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
Ardo has acquired a majority stake in VLM Foods, a supplier of processed food in North America. Besides VLM Foods, the deal includes a controlling stake in Compañia Frutera La Paz S.A., Costa Rica’s largest frozen pineapple ...
US-based private equity firm L Catterton has offered to buy 27.9% stake in Scottish craft brewery Innis & Gunn for £15m. Founded in 2003, Innis & Gunn claims to have risen to the second position for a craft brewer in the UK ...
Tags: L Catterton, craft brewery
French automaker Renault will be showcasing a new concept – Symbioz – at the 2017 Frankfurt Motor Show to be held on 12 September. Renault stated that Symbioz will culminate autonomous, electric and connected mobility ...
Tags: Frankfurt Motor Show, Renault
Feilo Sylvania, a lighting vendor owned by China-based Shanghai Feilo Acoustics, has announced its entry into the Taiwan market by launching LED light tubes, bulbs and streetlamps. Shanghai Feilo Acoustics acquired an 80% stake in ...
Tags: LED Lighting, Feilo Sylvania
Private equity firm Levine Leichtman Capital Partners (LLCP) has collaborated with management to purchase FlexXray, a provider of x-ray inspection services focused exclusively on food safety. FlexXray assists Fortune 100 food ...
Tags: FlexXray, food safety
UK-based corrugated cardboard maker DS Smith has completed acquisition of a 80% stake in American packaging firm Interstate Resources from Merpas for $835m. DS Smith holds the option to buy out the remainder 20% stake in Interstate ...
Austria-based plastic packaging firm Greiner Packaging has acquired the remaining 49% stake in Turkish joint venture (JV). Greiner acquired 51% majority stake in Teknik Plastik and Teknik IML in 2015, which were merged to form Teknik ...
Tags: Packaging, Remaining Stake
The UK's Competition and Markets Authority (CMA) has given its approval for the takeover of Punch Taverns by Dutch brewing giant Heineken. In June this year, the CMA raised the issue of affecting competition in 33 places in the UK, if ...
Oliver Printing & Packaging, a portfolio company of Pfingsten, has acquired folding cartons, micro-fluted corrugated boxes and setup boxes manufacturer Pohlig Packaging for an undisclosed sum. Under the transaction, which closed on 14 ...
Tags: Oliver Printing, Packaging
Norway-based breeding firm AquaGen has agreed to acquire 51% stake in Denmark-based rainbow trout eggs supplier AquaSearch ova for an undisclosed sum. In 2016, the production of portion-size trout stood at 650,000 tonnes and its annual ...
Tags: AquaGen, Aquasearch Ova