Inflation across the 19-country euro area hit a four-year high of 2.0 percent in February thanks to soaring prices of energy, said Eurostat, the statistical agency of the European Union (EU) on Thursday. The latest inflation figure is ...
Tags: Eurozone Inflation, inflation
Bonduelle has agreed to acquire Ready Pac Foods, the US producer of convenience fresh meal solutions, salads and fresh cut produce. The transaction is expected to close by the end of March 2017 following routine regulatory reviews and ...
Tags: Bonduelle, Ready Pac Foods
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
Give and Go Prepared Foods has closed its acquisition of the muffin business of United Baking and its subsidiaries Uncle Wally’s and Vision Enterprises. Based in Shirley, New York, Uncle Wally’s is a leading pure-play ...
Tags: Prepared Foods, Muffin
Confectionery giant Mondelēz International has launched a new wholesome savory biscuit brand, dubbed Véa. Designed to drive growth in the savory cracker segment, Véa is a key pillar of our goal to be the global leader ...
Daimler is planning to open a new facility in Russia for the production of Mercedes-Benz cars. At Esipovo Industrial Park, about 40 kilometers northwest of Moscow, a flexible production of SUVs and the E-Class Sedan will be established. ...
Tags: Daimler Plans, Passenger Car
Cascades Sonoco, a joint venture of recycled fibre packaging company Cascades and Sonoco, is planning to invest approximately $16m at its facility in Birmingham, Alabama, US to support development of new product line. The investment at ...
Tags: Cascades, fibre packaging
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
Drytac Europe, an international manufacturer of self-adhesive materials for the print, label and industrial markets, has announced its plans to participate in Sign & Digital UK event, scheduled to take place at NEC Birmingham, UK, between ...
Ardian has divested its stake in Germany-based food company frostkrone for an undisclosed sum to Emeram Capital Partners. frostkrone, which was established in 1997, manufactures frozen finger food and snack products in Europe. The ...
Tags: Ardian, snack products
Canadian consumer packaged meats firm Maple Leaf Foods has agreed to acquire American refrigerated plant-based protein foods manufacturer Lightlife Foods from Brynwood Partners VI for approximately $140m. Maple Leaf will finance the ...
Tags: Maple Leaf, Lightlife Foods
US-based infant formula manufacturer Mead Johnson has agreed to acquire spray drying and finishing capabilities from Australian food group Bega Cheese for A$200m. The deal includes one of Bega Cheese's spray dryers at Tatura and an infant ...
Tags: Cheese, infant formula
Tecno, the historic brand founded in the 1950s by the Borsani brothers and led by Giuliano Mosconi since 2010, acquires a majority stake in Zanotta, one of Italian design’s most well-loved and important companies since the 1950s. ...
Tags: Tecno, office furniture
Chile became China's leading supplier of fresh fruits in 2016, overtaking Vietnam and even Thailand, local media reported on Wednesday. Chile exported 1.2 billion U.S. dollars of fresh fruit, mainly cherries, to China last year, the daily ...
Tags: Fresh Fruits, Cherries, Grapes
Beijing's "cautious tightening signals" for credit are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth, especially with key Communist Party meetings looming this year, ...
Tags: emerging markets