US-based Embark has unveiled its self-driving truck technology to the public. The company—which gained approval by the State of Nevada earlier this year to begin testing its truck on public roads—has created a technology that ...
Tags: Self-Driving Truck, Embark
Ford Motor said it will invest $1bn over the next five years in artificial intelligence company, Argo AI, to help put fully autonomous vehicles on the road by 2021. The two companies will develop the core technology of Ford’s ...
Tags: Ford Motor, Virtual Driver System
French automaker PSA Group is in talks to acquire the European operations of General Motors' (GM) business, including the Vauxhall and Opel brands. PSA and GM have earlier had a close alliance, working together on three projects since ...
Advantis has unveiled plans to purchase an advanced and large machine from N2Pack, as part of its efforts to improve its operational efficiencies. Currently, the company is negotiating with N2Pack to acquire more advanced Amstercan ...
Tags: Packaging Machine, packaging
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
Swedish confectionery and nuts firm Cloetta has agreed to acquire Candyking, a concept supplier of pick and mix candy in the Nordic countries and the UK. The acquisition strengthens Cloetta’s position within pick and mix and creates ...
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
Werner-Todd will begin operating and conducting business under the Anderson Process name and brand from 6 March 2017. According to Anderson Process, the acquisition and merger creates one of the largest dedicated process equipment ...
Tags: Anderson Process, Werner-Todd, Pump
Innovative Chemical Products (ICP Group) has acquired US firm MinusNine Technologies for an undisclosed sum. Based in Birdsboro of Pennsylvania, MinusNine is engaged in the formulation and manufacturing of UV/EB coatings, adhesives, ...
UK-based packaging firm RPC Group has signed an agreement to acquire Letica, a US-based manufacturer rigid plastic packaging and foodservice products, for $640m. Letica is engaged in manufacturing rigid plastic packaging and foodservice ...
Tags: packaging, RPC Group, rigid plastic
US-based containerboard and corrugated packaging products producer KapStone Paper and Packaging has acquired the assets of Carolina-based Associated Packaging, and Fast Pak (API) for undisclosed amount. Employing 77 people, API is engaged ...
Tags: Kapstone Paper, Packaging
Sappi has announced plans to invest at its facilities in Europe and the US in a bid to increase capacities for packaging and specialty paper. In the next three years, the firm intends to invest $140m in equipment upgrades and production ...
Tags: Sappi, Packaging, Specialty Paper
TRU Aseptics, (TRU) has completed its acquisition of the former WILD Flavors Aseptics Facility in Beloit, Wisconsin from Chicago-based Archer Daniels Midland Company. The facility is 65,000 sq. ft. and sits on 5.2 acres. TRU will ...
Tags: TRU Aseptics