US-based ConAgra Foods has completed the spin-off its Lamb Weston business to become a singularly focused, consumer branded food company. The company has been changed to Conagra Brands to reflect the new direction and streamlined focus. ...
Tags: ConAgra Foods, Lamb Weston
Frutarom has agreed to acquire 75% stake in savory solutions provider Piasa Group for approximately MXN405m ($20.5m) to foray into the Mexican market. Piasa is Frutarom’s first acquisition in Mexico, while being the fifth in the ...
Tags: Frutarom, Piasa Group
The Canadian government will inject a $350m into the country's dairy sector to support its competitiveness ahead of the likely implementation of the Canada–European Union Comprehensive Economic and Trade Agreement (CETA). Investment ...
Tags: dairy sector, robotic milker
Danish brewing giant Carlsberg Group has reported a 4% decrease in its net revenue to DKK17.53bn ($2.57bn) for the third quarter of this year, compared to DKK18.3bn ($2.7bn) for the same period in 2015. The brewer blamed the negative ...
The Hain Celestial Group has launched a new strategic platform Cultivate Ventures to invest in lifestyle brands, smaller portfolio brands and concepts as well as incubator opportunities. The company said that the investments should ...
Tags: Hain Celestial, Cultivate Ventures
Electric car-maker Tesla Motors has agreed to acquire German company Grohmann Engineering. Accelerating a sustainable energy future is only possible with high-volume factories. They allow us to manufacture high-quality products with ...
Tags: Tesla, Engineering
Multi Packaging Solutions International announced results for its first quarter ended 30 September 2016. 1Q FY 2017 vs. 1Q FY 2016: GAAP sales of $407.8 million vs. $459.1 millionNegative foreign exchange impact of $17.4 millionGAAP ...
Tags: Multi Packaging, Packaging
Australian packaging company Amcor has acquired China-based Hebei Qite Packing for around RMB185m ($28m). The acquisition will allow Amcor to expand its flexible packaging operations in the Northern China region. Hebei Qite, which ...
Irish dairy products firm Ornua has announced to invest €10m to expand its Neukirchen-Vluyn, production facility in Germany. The investment is aimed at meeting the growing demand for its Kerrygold products in Germany. The expansion ...
Tags: dairy products, German Facility
Austrian-based Agrana Fruit has expanded its presence in the South East Asian region and India with new facilities and local partnerships. In Bangkok, the food company opened a new representative office along with a product development ...
Tags: Agrana, Agrana Fruit
DuPont Nutrition & Health has announced to invest $100m to increase its probiotics manufacturing capacity in the US. The specialty food ingredient company expects to increase the production of probiotics by 70% through the new investment. ...
Tags: DuPont, Nutrition&Health
Beverage industry veteran Edward (Ed) Maletis' Limnes Bottling Acquisition Company has completed the acquisition of historic Portland Bottling Company from its existing ownership group, including majority shareholder Harry Merlo. The ...
Tags: Ed Maletis, Bottling
Volvo Cars has unveiled a new manufacturing strategy for China in which production capacity will be increased. China will be developed into a global manufacturing and export hub servicing growing demand for the company's new range of cars ...
Tags: Volvo Cars, Manufacturing Strategy
Detroit-based auto-parts maker American Axle & Manufacturing (AAM) has agreed to acquire Metaldyne Performance Group (MPG) in a transaction worth about $3.3bn. MPG provides lightweight components for use in powertrain and suspension ...
Tags: American Axle, Metaldyne
GEFCO has secured a new €8bn contract to optimize PSA Group's entire worldwide manufacturing supply chain. The agreement reaffirms that GEFCO is the PSA Group’s leading supplier in Europe, number two worldwide. The agreement ...