Australia’s packaging company Amcor will be acquiring the internal tobacco packaging operations of Souza Cruz in Brazil for $30m (BRL96m). Majority-owned by British American Tobacco, Souza Cruz is considered to be one of the ...
Tags: Amcor, Tobacco Packaging, Packaging
Berkshire Hathaway has signed a deal to acquire 8.7% stake in Axalta Coating Systems from Carlyle Group for $560m. Under the stock purchase agreement, Berkshire Hathaway will purchase 20 million Axalta's common shares at $28 each. The ...
India's biggest online retailer, Flipkart, which is on a hiring spree, has now roped in another top gun from Google. A senior engineering director at Google, Peeyush Ranjan, is to join the e-commerce giant in May in a key role, according to ...
Posted in Medical Device Business by Chris Newmarker on April 3, 2015 Robert Cascella was previously CEO of Hologic. He joins Philips as the Dutch multinational increasingly focuses on what it calls HealthTech. Robert Cascella, who ...
Tags: Philips, LED components, Medicine
Marlborough, MA–based medical device company seeks to lead Endoscopic Ultrasound business with Xlumena purchase. Boston Scientific is spending an initial $62.5 million to acquire San Diego–based Xlumena and its Endoscopic ...
Tags: Xlumena purchase, delivery system, Medicine
French drinks group sale of icts Mexican RTD brand Caribe Cooler to Grupo Bepensa. The deal amount has not been revealed, reports The Spirit Business. Mexico-based conglomerate Bepensa had agreed to acquire the RTE brand in December ...
Tags: RTE brand, wine cooler, Food
Sequential Brands Group said it will acquire a majority interest in the Jessica Simpson brand, including the Jessica Simpson Collection master license and other rights. Brand founder Jessica Simpson, who selected Sequential as her new ...
Exxel Outdoors today announced it has signed a definitive agreement to acquire American Recreation Products LLC (American Rec). The acquisition will combine the iconic outdoor brands of the American Rec portfolio, which includes Sierra ...
Tags: American Rec, outdoor space, Sporting Goods
Mexican corn miller and tortilla producer Gruma has acquired the European unit of US-based Azteca Foods in a €45m deal. The acquisition includes all shares and ownership interests representing the capital stock of Azteca Foods ...
Tags: Gruma, wheat products, Food
Royal Philips has announced that it has signed an agreement with a consortium led by GO Scale Capital through which it will acquire an 80.1% interest in Philips' combined LED components and automotive lighting business, with Philips ...
Tags: automotive lighting, Philips, LED
Dutch multinational announces sale of its LED components and automotive lighting business as it turns toward new HealthTech focus. Chris Newmarker Royal Philips has set the wheels in motion when it comes to a split-up of the company ...
Packaging company MeadWestvaco (MWV) has entered into an agreement with International Paper to buy its Carolina coated bristols brand for an undisclosed amount. International Paper decided to sell the brand as it wanted to convert its ...
Tags: MWV, International Paper, Packaging
Rigid plastic packaging manufacturer will be acquiring the APPE Packaging Division of La Seda de Barcelona Group for €360m. The amount includes a gross up of €65m of accounts payable that will be discounted from the bid which ...
Tags: Plastipak Packaging, Printing
Chairman Jimmy Chu of the Fair Friend Ent. Group, Taiwan's biggest machine-tool conglomerate by revenue, announced plans to go public in Taiwan around the end of 2017 by consolidating resources of all of its subsidiaries worldwide. The ...
Tags: machine-tool, horizontal machining
Mitsubishi is planning to acquire 30% stake in Capital Diamond Star Group's existing businesses to form a joint venture (JV) in Myanmar with the latter. Capital Diamond Star offers a wide range of products including Blue Rocket wheat ...
Tags: Mitsubishi, business, Food