Barbequed meats manufacturer Rupari Food Services has agreed to divest almost all of its assets to a subsidiary of Carl Buddig and Company. The sale of the company is a natural next step for Rupari Food Services, who had been seeking a ...
Tags: Rupari Food, meats
US chip giant Intel has agreed to acquire Israeli driverless technology company Mobileye in a deal worth about $15.3bn. Intel has agreed to pay about $63.54 per share under the deal, which is expected to close by the end of this year. ...
Avery Dennison announced that its board of directors has elected Gregory S. Lovins as vice president and interim chief financial officer, effective immediately. As interim CFO, Mr. Lovins will lead the company’s finance function, ...
Tags: Avery Dennison, Packaging
Glanbia Co-op has proposed to create a strategic joint venture named Glanbia Ireland encompassing Glanbia Ingredients Ireland, Consumer Products & Agribusiness. Glanbia Co-op also proposes a €100m “spin-out” of Glanbia ...
Tags: Glanbia, Premier Milk
CCL Industries, a world leader in specialty label and packaging solutions for global corporations, government institutions, small businesses and consumers, reported record fourth quarter and annual financial results for 2016. Sales for ...
Tags: CCL Industries, specialty label, packaging
Graphic Packaging Holding Company, a provider of packaging solutions to food, beverage and consumer product companies, reported Net Income for fourth quarter 2016 of $34.9m , or $0.11 per share, based upon 317.9 million weighted average ...
Tags: Graphic Packaging, Packaging
General Motors (GM) and Honda are investing $85m each into a joint venture (JV) that intends to start mass production of hydrogen fuel cells by 2020. The JV, Fuel Cell System Manufacturing, will operate within GM's existing battery pack ...
German automobile manufacturer Audi is set to further expand its business activities in the Chinese market. Together with its local partner FAW Group, the company has defined 21 key strategy fields with respective goals in a 10-year plan. ...
Tags: Audi, Chinese Market
Moringa-based products maker Kuli Kuli has secured a $4.25m investment from Kellogg Company's venture capital fund eighteen94 capital in a Series A funding round. InvestEco and S2G Ventures were the other institutional investors featuring ...
Tags: Kuli Kuli, capital fund
Multivac Sepp Haggenmüller has acquired a 49.9% stake in meat equipment manufacturer TVI Entwicklung und Produktion based in Irschenberg, Germany for an undisclosed price. The German food packaging company, which has global ...
Tags: Multivac, Meat Equipment
Finland's Supreme Administrative Court has upheld a decision to impose a fine of €70m on dairy giant Valio for abusing its dominant market position in the domestic milk market. With the decision, the court has ended a long legal ...
Tags: Finland, Lowering Milk
Amplify Snack Brands announced it has strengthened the Company’s executive leadership team by appointing Mike DeGrace as senior vice president of sales for North American region. Mr. DeGrace joins Amplify with over 30 years of ...
Tags: Amplify Snack, packaged foods
Volvo Cars and Autoliv have signed a final agreement to set up a new joint venture (JV) for the development of software for autonomous driving and driver assistance systems. The deal is based on the letter of intent announced during fall ...
Tags: Volvo Cars, Autoliv
Jia Yueting for the two time in the "Chinese entrepreneurs" annual meeting. First, in December 2015, to meet the "noble" of Liu Chuanzhi, and bring a series of practical interest; second, December 2016, in order to hold a free conference. ...
Sumitomo has entered into an agreement to acquire Irish fruit grower Fyffes for €751m to increase its fruit imports in Japan. The global trading company which imports about 30% of bananas to Japan has offered to buy each of the ...