Plant-based ingredients provider Naturex has divested its stake in the joint venture with Aker Biomarine which was created to krill extract production. As part of the agreement, Aker BioMarine will pay Naturex an undisclosed sum ...
Tags: Naturex, Aker Biomarine, Ingredients provider, Extract production
Premier Foods has rejected the third offer from US-based spice manufacturer McCormick & Company, which had offered 65p per share of Premier Foods. Mr Kipling cakes maker said the proposal continued to undervalue Premier and its future ...
Tags: Premier Foods, McCormick&Company, Bid Offer
Chromatin and Zaad Holdings have entered into a long-term alliance to produce and distribute planting seed for grain and forage sorghum throughout the African continent. Zaad, a vertically integrated agriculture company, distributes seed ...
Tags: Zaad, Chromatin, Planting seed
C&S Wholesale Grocers has announced that its wholly-owned subsidiary Hawaiian Housewares Ltd. has signed an asset purchase agreement to acquire the operations of Edsung Foodservice Company, located in Honolulu, Hawaii. The sale is ...
Tags: C&S Wholesale Grocers, Edsung Foodservice Company, Acquisition
Organic food producer United Natural Foods (UNFI) has acquired the outstanding stock and an affiliate along with certain real estate of Nor-Cal Produce for $68.6m cash. With the Nor-Cal Produce acquisition, United Natural Foods intends ...
Mercedes-Benz announced that its Breman plant in Germany will be producing the new GLC Coupe which was unveiled at the New York International Auto Show this year. The company said that it will transform 200 temporary jobs into ...
Tags: Mercedes-Benz, GLC Coupe, C-Class Cabriolet
Chinese and U.S. representatives expressed optimism for the future of the China-U.S. Bilateral Investment Treaty (BIT) negotiations during a session at this year's Boao Forum for Asia annual conference. Against the backdrop of a global ...
Tags: China-U.S BIT, global economy
China's central bank continued to pump money into the market to ease a liquidity strain this week. The People's Bank of China (PBC) conducted 395 billion yuan (61.16 billion U.S. dollars) of seven-day reverse repurchase agreements (repo) ...
Tags: liquidity strain, PBC
Tampa-based World of Beer has signed a franchise agreement with Cong Yin and his partners to open its first overseas tavern in Shanghai. The tavern will commence its operations in the second quarter of this year. The franchise partners ...
Tags: World of Beer, Cong Yin, Shanghai, Tavern
Arla and Dairy Farmers of America agreed to start a joint venture to build a small dairy plant to produce cheddar cheese. The joint venture will have a combined investment of $58m out of which Arla will contribute 20% or $11.6m. The JV ...
Tags: Arla, Diary Farmers of America, Dairy plant, Chedder cheese
Popular brand of outdoor furniture, Brown Jordan has announced a license agreement with G. A. Gertmenian, a fourth generation importer and wholesaler of accent and area rugs, to produce a collection of fine quality rugs for indoors or out. ...
Tags: Brown Jordan, G.A.Gertmenian, Partnership
Bournemouth-based retailer Beales has secured a rescue package in the form of a CVA, which will see rent cut at 11 of its 29 stores, reports The Guardian. In a process similar to that which took place at BHS earlier this week, Beales' ...
Tags: Beales, CVA, Rescue package
Canada-based food manufacturing company Premium Brands has entered into agreement to acquire Montreal based C&C Packing and affiliate Premium Meat Packers for $146m, in a cash-and-share deal. The transaction, which is subject to ...
Tags: Premium Brands, C&C Packing, Aquisition, Premium Meat Packers
UK-based food manufacturer Premier Foods has rejected a bid offer worth a £495m from US-based food giant McCormick. The company has rejected the offer saying that the offer from McCormick significantly undervalued Premier Foods ...
Tags: Premier Foods, McCormick, Bid Offer
WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) announced today that Gree Electric Appliances Inc., of Zhuhai, China; Hong Kong Gree Electric Appliances Sales Co. Ltd., of Hong Kong; and Gree USA Sales Ltd., of ...
Tags: CPSP, Gree, Civil Penalty