Lumileds of San Jose, CA, USA – which develops, manufactures and distributes LED technology and lighting products for the automotive, mobile, Internet of Things (IoT) and illumination segments – says that funds affiliated with ...
Tags: Lumileds, LED technology
UK-based corrugated cardboard maker DS Smith has signed a conditional agreement to acquire a majority stake in US packaging firm Interstate Resources from Merpas for $920m. DS Smith and its US subsidiary DS Smith Holdings have signed the ...
Tags: corrugated cardboard, packaging
As demand for LED end devices has resumed growth amid shortages of LED chip supply, China's LED makers have recently begun expanding their capacities and local governments are also planning new subsidy and investment programs to assist the ...
Tags: LED chip, LED packaging
Telsa Motors CEO Elon Musk said that the production of the Model 3 electric car would start this week and the first deliveries are expected to be done by the end of this month. Musk tweeted the latest model from Tesla has received ...
Tags: Telsa Motors, electric cars
Intertape Polymer Group (IPG) has completed the previously announced acquisition of Montreal, Canada-based tape manufacturing Canadian Technical Tape (Cantech). The purchase allows IPG to expand its tape manufacturing capabilities not ...
Tags: Intertape Polymer, Polymer
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
Volvo has said that its Polestar performance division is set to become a standalone high-performance electric car brand. Volvo acquired 100% stake in Polestar Performance in July 2015 and both the companies have been working together in ...
Tags: Volvo, electric car
A Brazilian federal court has blocked meat processing giant JBS’s proposal to divest its beef operations in three South American markets. JBS’ $300m sale of the select South American beef processing operations to rival ...
Tags: meatpacker, Minerva
Nestlé USA has forayed into the direct-to-consumer (DTC) prepared meals business by acquiring a minority stake in Freshly. The Nestle subsidiary was the leading investor in a $77m funding round in the DTC healthy prepared meals ...
Tags: Nestle, Prepared Meals
Plastic packaging solutions provider Alpla has acquired Gehl Foods’ bottle manufacturing facility located in the US state of Wisconsin. Situated 30 miles north of Milwaukee, the West Bend standalone facility features around ...
Tags: Alpla, Plastic packaging
Tyson Foods has completed the acquisition of AdvancePierre Foods, a provider of ready-to-eat sandwiches, snacks and other food products, for about $4.2bn. The acquisition to expands its Tyson Foods’ portfolio of prepared foods and ...
Tags: Tyson Foods, sandwiches, snacks
General Motors (GM) said it will phase out its Chevrolet brand in India and South Africa by the end of this year. The move is part of key restructuring actions in the company's GM International operations to strengthen global business ...
Tags: General Motors, Chevrolet
Amber Beverage has acquired a minority stake in UK alcohol distributor Cellar Trends. Amber Beverage Group confirmed that the investment is of a strategic nature and that management and operational control of Cellar Trends will remain ...
Tags: Amber Beverage, alcohol
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 ...
Viking Plastics has acquired Kentucky Manufacturing & Technology to expand into Southeast US and into new markets. Financial details about the transaction have not been disclosed. KMT is a manufacturer of high-precision, custom ...