Peugeot and the ATP announced today a new global partnership, beginning in 2016. The partnership will see PEUGEOT become the Official Car of the ATP World Tour, with a fleet of 500 vehicles worldwide. PEUGEOT will become a Platinum ...
US-based agribusiness company Archer Daniels Midland Company (ADM) has completed the acquisition of some assets of Eaststarch C.V., which is ADM’s 50-50 joint venture with Tate & Lyle. Tate& Lyle is a UK-based agribusiness which ...
Tags: ADM, corn wet milling, Corn business
British Virgin Islands-based packaged food company Nomad Foods has completed the acquisition of frozen food brand Findus Sverige AB for £500m from LionGem Sweden 1 AB. The acquisition includes Findus' European businesses in ...
Tags: Nomad Foods, frozen food, Findus
South African paper and packaging firm Mondi has acquired 95% stake in a flexible packaging company KSP in South Korea. KSP operates a production plant in Seoul, in addition to having an interest in another plant in Thailand. Nearly ...
Chicago-based manufacturer of frozen beverage products Bevolution Group has acquired Tropics Mixology, a cocktail mix and smoothie maker. Tropics Mixology offers a broad line of beverage mixes which are believed to complement Bevolution's ...
The 849 MW FitzPatrick nuclear power plant in Scriba, New York, will be shut permanently by late 2016 or early 2017, due to "the continued deteriorating economics of the facility," Entergy said Monday in a statement. The unit is licensed to ...
Shell is to operate a standalone integrated gas division from the start of 2016 -- given the business's increasing importance to the overall group -- in a move that will also help Shell to integrate BG Group which it agreed to buy in April ...
Tags: Shell, Integrated gas, BG
Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
Noble Energy's two long-awaited deepwater Gulf of Mexico fields came on stream ahead of schedule in late October and should reach peak in the next couple of weeks, the company's CEO said Monday. The Dantzler and Big Bend fields, in water ...
Tags: Noble Energy, Crude, sales volumes
RPC Bebo Kristiansand - Food Packaging Systems, a unit of RPC Group, has launched a new packing system to improve logistical and sustainable benefits in seafood packaging. The new system including lightweight trays, sealing film and ...
Tags: Seafood Packaging, Packaging
Diageo’s Indian unit United Spirits is planning to cut down around 150 of its brands to focus on better performing brands and strengthen its business in a market that is seemingly dominated by local, cheaper brands. The British ...
Land O’Lakes and Villa Crop Protection of South Africa have entered into a partnership, effective 26 October, that will capitalize on the growth potential of the South African agricultural market. The two organizations are joining ...
Tags: Land O'lakes, agricultural market
PepsiCo has chosen North American beverage company Barfresh Food Group as its exclusive sales representative within the foodservice channel to offer Barfresh’s ready-to-blend smoothies and frozen beverages line throughout the US and ...
Tags: sugary drinks, beverage
US-based snacks manufacturer Snyder’s-Lance will acquire snack food and culinary nut company Diamond Foods for approximately $1.91bn, which includes $640m of debt. The parties signed a definitive agreement in this regard under ...
Tags: snacks, Diamond Foods
Osram Opto Semiconductors GmbH of Regensburg, Germany has launched the Soleriq L 38, the first filament LED in the Soleriq product family. With a long and thin shape (a length of 30mm and a diameter of 1.8mm), the LEDs provide the basis ...
Tags: Osram, Filament LEDs, lighting