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
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
The outline for China’s 13th five-year plan isn’t exactly summer beach reading: The 65,858-character document, which lays out in broad terms how China’s leaders want the country’s economy to develop between now and ...
Tags: five-year plan, political economy
Renault has acquired Power Vehicle Innovation (PVI), a specialist in the electrification of Light Commercial Vehicles. The assets of PVI, which boasts recognised expertise in the design and conversion of commercial vehicles running on ...
The PSA Group and the CK Birla Group have sign joint-venture (JV) agreements to produce and sell vehicles and components in India by 2020. The ceremony of signature lays the foundation for a long term partnership between the two Groups ...
Tags: PSA Group, CK Birla Group
China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
ROK Stars, the consumer goods and environmental technologies development firm established by John Paul DeJoria and Jonathan Kendrick, has announced an on-going investment plan in its ABK Brewery to meet the increasing demand for its beer ...
Tags: ROK, ABK Brewery
Multivac Sepp Haggenmüller has acquired a 49.9% stake in meat equipment manufacturer TVI Entwicklung und Produktion based in Irschenberg, Germany for an undisclosed price. The German food packaging company, which has global ...
Tags: Multivac, Meat Equipment
Finland-based pulp and paper manufacturer Stora Enso has divested its 100% stake in packaging machine producer Formeca to Amitec for undisclosed amount. Formeca, Stora Enso’s Finnish subsidiary, is engaged in providing high-quality ...
Tags: Amitec, Packaging Machine
China Mengniu Dairy has agreed to acquire China Modern Dairy (CMD) for HK$6.4bn ($826m) to consolidate its position in the high-end dairy products sector. As part of the deal, China Mengniu will buy 965.47 million shares in CMD from a ...
Tags: Mengniu Dairy, Dairy
Chinese mapping company NavInfo and internet services group Tencent, along with Singapore wealth fund GIC have announced plans to acquire 10% stake in HERE. HERE is a German-based open location platform company owned by automotive majors ...
Philippines canned food company Century Pacific Food (CNPF) will acquire 100% stake in a group of unnamed Chinese distribution companies for a total price of $2.56m to further expand its branded exports business. In this regard, CNPF is ...
Tags: Century Pacific, exports business
SNM Global has acquired 17.5% membership interest in Brockett Beverage Group, which is an organic based corn vodka, crafted and marketed for sports and the sports fan. SNM Global CEO Troy Lowman said: "Our partnership with Game Vodka we ...
French dairy giant The Lactalis Group has offered its Italian subsidiary Parmalat a buyout offer of €637m for the 12.26% stake it doesn’t hold. The move from the Lactalis is to take 100% control of Parmalat in order to delist ...
Tags: dairy, Lactalis Group
Where Food Comes From (WFCF) has acquired a 60% stake in California based SureHarvest for nearly $2.8m in a cash-cum-stock deal. Based in Colorado, WFCF is a North American food verification company whose controlling stake in an agri-food ...
Tags: SureHarvest, cash-cum-stock