Swedish company Scandi Standard has agreed to acquire Manor Farm, a chicken processor in Ireland, in a share-cum-cash deal. The deal values Manor Farm at an enterprise value of €94m. Under the deal terms, Scandi Standard will offer ...
Tags: Poultry Processor, processor
PureCircle has developed the first commercially viable stevia antioxidant product providing food and beverage companies new access to health and wellness ingredients for their consumers. While researchers have known that antioxidants are ...
For full-year fiscal 2017 (to end-April), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported record revenue of $1449.3m, up 14.7% on fiscal 2016’s $1263.2m. However, for fiscal ...
Tags: Finisar, Datacom product
Sidel has secured approval from the Food and Drug Administration (FDA) for its Aseptic Combi Predis FMa blow fill seal filler for low acid product manufacturing. The new blow fill seal solution is claimed to be the world's first aseptic ...
Tags: Sidel, PET filling equipment
Packaging products and machinery manufacturer Intertape Polymer Group (IPG) has agreed to acquire Canadian Technical Tape (Cantech) for about $63m. Based in Montreal, Canada, Cantech is a privately-owned North American supplier of ...
Tags: Packaging products, machinery
Reckitt Benckiser’s $16.6bn acquisition of US-based infant formula manufacturer Mead Johnson Nutrition is all set to be closed after securing the final regulatory approval. Subject to the meeting of customary closing conditions, the ...
Tags: Reckitt Benckiser, infant formula
Audi of America has secured approval from New York to carry out autonomous vehicle testing in the state. Audi intends to demonstrate and test vehicles in New York with Society of Automobile Engineers (SAE) Level 3 automation. It will ...
Tags: Audi, autonomous vehicle
Carl Ostermann Erben (COE) has launched a new web-based print data management solution to give customers options for data exchange, approval process and data archiving. Dubbed coe center, the solution is claimed to deliver more ...
LyondellBasell has announced that its Supervisory Board has authorized the company's Management Board to declare a dividend of $0.90 per share, representing a 5.9 percent increase over the company's first quarter 2017 dividend. The ...
Tags: LyondellBasell, plastics
Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...
Bosch is planning to divest its subsidiary Robert Bosch Starter Motors Generators, including all subsidiaries, to the purchaser consortium ZMJ (Zhengzhou Coal Mining Machinery Group Co., Ltd.), Zhengzhou, China, and CRCI (China Renaissance ...
Tags: Bosch, Motors, Generators
Ohio Pack is set to invest around $25m to develop a new manufacturing facility in Heath, Ohio, US. The new 135,000ft² facility will be constructed on a 20-acre site in the southern end of the Heath-Newark-Licking County Port ...
Tags: Ohio Pack, plastic film
Tyson Foods has agreed to buy Ohio-based sandwich producer AdvancePierre Foods for about $3.2bn. The acquisition will expand Tyson Foods' portfolio of prepared foods and protein-packed brands. A subsidiary of Tyson Foods will offer to ...
Tags: Tyson Foods, Sandwich
Color science and technology solutions provider X-Rite is set to showcase latest color management solutions for printers and packaging converters at FTA Forum & INFO*FLEX event in the US. The event will take place between 1 and 2 May in ...
Tags: Packaging Converters, Packaging
Suzuki Motor, Toshiba and Denso have signed an agreement to set up a joint venture company to produce automotive lithium-ion battery packs in India. In India, higher attention is being paid to environment, and new CO2 standards for ...
Tags: Lithium-Ion Battery, Suzuki Motor