Olayan Financing Company (OFC) has bought 51% stake in juice and beverage manufacturing firm Gulf Union Foods (GUFC) from a group of investors including Jadwa Investment. As part of the transaction, Jadwa has divested 30% stake in Gulf ...
Tags: OFC, Jadwa Investment, Agriculture
Vita Coco, one of the fastest-growing beverage brands globally and the U.S. leader in coconut water sales, announced plans to bring the coconut water brand to China for the first time. The new distribution comes through an exclusive ...
Tags: Vita Coco, coconut water brand, Food
Pernod Ricard USA, a subsidiary of French wines and spirits firm Pernod Ricard, has increased its significant majority stake in Avión Spirits, with the purchase of additional stake from its joint-venture partner Tequila Avión. ...
Tags: Pernod Ricard, majority stake, Agriculture
Aujan Coca-Cola Beverages Company (ACCBC), which operates in the MENA region, has completed the previously announced acquisition of a majority stake in Lebanese distributor of Coca-Cola and Pampa products National Beverage Company (NBC). ...
The Hain Celestial Group, a natural and organic products company, has acquired the remaining 51.3% of stake in Hain Pure Protein. The purchase price of the stake was $40m. Jay Lieberman, COO of Hain Pure Protein, will continue to be ...
Tags: Hain Celestial, Hain Pure Protein, Food
French dairy major Danone has agreed to acquire 40% stake in , dairy company Brookside Dairy. The move is in line with the company's strategy to expand its presence across Africa. Brookside currently sells long-life milk in Kenya and ...
Tags: Danone, Brookside Dairy, Food
Private equity firm Arbor Investments has completed the sale of its Fund I portfolio company Truco Enterprises, a producer of tortilla chips, salsa and queso, to Insignia Capital Group for an undisclosed amount. Truco, which was founded ...
Tags: Arbor, Truco Enterprises, Food
Dongkuk Steel Mill Co., one of South Korea's leading steelmakers, plans to become a global supplier of high-end steel products as part of efforts to brush off tough competition with Chinese and Japanese rivals, South Korea's media said on ...
Tags: Metallurgy, Mineral, Steel
Kyocera Corp. aims to boost pretax profit by around 40% over the fiscal 2013 figure to more than 200 billion yen ($1.94 billion) in fiscal 2017, says President Goro Yamaguchi. The Japanese ceramics maker will work to sell more components ...
A proposed free trade agreement between Canada and South Korea would remove the current 3% to 8% tariff that Canadian oil and gas producers have to pay for exports into that Asian nation, a Canadian government spokeswoman said Monday. ...
Tags: LNG Exports, Oil Exports
Investcorp Bank, a Bahrain-based investment firm, is considering $1.3bn sale of US packaging distribution company Berlin Packaging, sources known with the matter said. Investments banks Barclays and Deutsche Bank have been selected by the ...
Tags: Berlin Packaging, Packaging
Commercial vehicle manufacturing flagship of the India-based Hinduja group, Ashok Leyland has secured a vehicle supply order from the Government of Sri Lanka. Under the order, the manufacturer will supply 2,200 buses for the Sri Lankan ...
Tags: Auto Parts, Accessories, Vehicle
ROK Drinks, a unit of UK-based ROK Stars, has selected US-based beer importer C2 Imports as its new distributor. A multi-year exclusive agreement to this effect has been signed by ROK Drinks and C2 Imports. As per the agreed terms, ...
Tags: Beer Distributor, C2 Imports
Australia-based miner Mineral Resources has announced that it has acquired a 12.78 percent stake in Australia's Aquila Resources Limited, buying more than 52 million shares in the company. Mineral Resources stated that it has the financial ...
Tags: Mineral Resources, miner
Tier-one commercial vehicle supplier WABCO Holdings has completely acquired Belgium-based fleet management solutions provider Transics International with the acquisition of the remaining 3.16% stake in the company. Earlier in February ...
Tags: tire, tyre, auto parts