British frozen food and seafood supplier Findus has received an approval from the Spanish Competition Authorities for the acquisition of Nestlé Spain’s La Cocinera frozen ready to eat meals business. Earlier this year, ...
Tags: Findus Group, seafood, frozen food
The merger date of Sysco Corp. and US Foods Inc. has been extended by 60 days from March 8 to May 7 because of the scheduled anti-trust hearings to be held in May, said food distributor Sysco in a filing with the US Securities Exchange ...
Tags: Sysco Corp, US Foods, Merger Date
Hyundai Motor, South Korea's Number One automaker, is expected to speed up a strategy of "localization " by expanding its production capacity in China after China-South Korea free trade agreement (FTA) is implemented. China and South ...
Smurfit Kappa will acquire non-integrated corrugated, folding cartons and flexible packaging manufacturer Grupo CYBSA to enhance its footprint in the growing Central American market. CYBSA operates five packaging plants in El Salvador ...
Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...
Chinese leaders and economists have said China must up its game to boost export growth against the backdrop of an anemic global economic recovery. SIX-PERCENT GROWTH Commerce Minister Gao Hucheng said on Saturday that China is confident ...
Tags: economic growth, export growth
Chinese new energy vehicle maker BYD is planning to sell its electric vehicles to the South Korea market before the end of 2015, according to a senior company executive. BYD, a rising Chinese electric vehicle manufacturer, has brought its ...
Tags: Chinese Automaker, BYD, Electric Cars
Fresh produce firm Univeg is exploring the possibility of a merger with fruits and vegetables processor Greenyard Foods and agribusiness Peatinvest. Univeg believes that the combination of three companies will be capable of offering the ...
Tags: Greenyard Foods, Univeg
Clear Lam Packaging and Frito-Lay have settled a lawsuit where Clear Lam had accused the latter of stealing a packaging design for its promotional boxes of Doritos. As a part of the settlement, Frito-Lay has agreed to respect Clear Lam's ...
Tags: Clear Lam Packaging, packaging
Australian wholesaler and distributor of groceries Metcash is attempting to stem recent losses in its Liquor division, entering into an agreement in late February 2015 to purchase Southern Independent Liquor Group (SILG), which trades under ...
Tags: Liquor Sales, Food
SunOpta has signed a definitive agreement to acquire Citrusource, a move that will expand the company's healthy beverages range. The acquisition is in line with the company's core integrated two-touch strategy and leverages the vertically ...
Tags: SunOpta, Organic Juice
Audi’s American division has entered into an agreement with US based telecom company AT&T to bring AT&T 4G LTE or 3G coverage to vehicles featuring Audi connect. As part of the agreement AT&T will be providing SIM cards to all the ...
For full-year 2014, specialty metal and chemical products firm 5N Plus Inc of Montreal, Québec, Canada has reported revenue of $508.2m, up 10.7% on $459m for 2013. 5N Plus provides purified metals such as bismuth, gallium, ...
Tags: 5N Plus, Commodity Pricing
Australia based Warrnambool Cheese and Butter Factory (WCB) has agreed to acquire the everyday cheese business (EDC Business) of Lion-Dairy & Drinks (LDD), in a A$137.5m ($107.3m) deal. With this transaction, WCB will boost its ...
Tags: Cheese, Butter, Lion Dairy
Red Brick has partnered with Novelis to offer its beer in the latter’s evercan certified high-recycled content aluminium can sheets. The company will initially offer Laughing Skull Amber Ale in the new cans, followed by its ...
Tags: Red Brick, aluminium can