French food group Danone has signed a binding agreement to sell its US dairy subsidiary, Stonyfield, to Lactalis for $875m. The price of the deal represents 20 times its earnings before interest, tax, depreciation and amortization ...
Flexible packaging products manufacturer Bemis is planning to close two manufacturing facilities and separately cut about 300 jobs as part of its measures to reduce cost structure. The company unveiled its restructuring and cost savings ...
Tags: Flexible packaging, packaging
Plastic packaging solutions provider Alpla has agreed to acquire Italian firm Propack for an undisclosed sum. Established in 2002 and based in Ostellato, Propack manufactures high-density polyethylene (HDPE) and polyethylene terephthalate ...
Tags: Alpla, Plastic packaging
Here Technologies has entered into a partnership with Increment P, a mapping subsidiary of Pioneer Corporation, with the aim of enabling global mapping solutions for the autonomous driving era. The intent to enter into this partnership ...
Tags: Here Technologies, SD map data
Volvo Cars and Autoliv have partnered with Nvidia for the development of advanced systems and software for self-driving cars. The three companies will work together with to develop next generation self-driving car technologies. Zenuity ...
Tags: Volvo Cars, Autoliv Partner
Solegear Bioplastic Technologies has announced its audited financial results for the 12 months ended February 28, 2017. Solegear reports revenues of $2,066,061 for the fiscal year ended February 28, 2017 compared to revenues of $146,036 ...
Tags: Solegear, organizational products
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
Sonoco has agreed to acquire Clear Lam Packaging for about $170m to expand its global flexible packaging and thermoforming plastics operations. Clear Lam Packaging, which was established in 1969, develops and manufactures flexible and ...
Canadian agribusiness Richardson International has acquired European Oat Millers for an undisclosed price to expand its oat milling business. European Oat Millers, based in Bedford, England, is considered to be the second largest oat ...
Tags: Oat Millers, crop inputs
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
Brandtjen & Kluge and Kurz Transfer Products have partnered co-market the Kurz Digital Metal technology in the US and Canada. The partnership will combine Kurz's knowledge in the development and manufacturing of foil for the packaging and ...
Tags: Digital Metal Solution, labels
Nestlé USA has entered into a partnership with Rabobank and RocketSpace to support startups for the Terra Food + Ag Tech Accelerator program. Nestlé will collaborate with Terra and other corporate collaborators to select and ...
Tags: Food Industry, Nestle
For full-year fiscal 2017 (to end-April), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported record revenue of $1449.3m, up 14.7% on fiscal 2016’s $1263.2m. However, for fiscal ...
Tags: Finisar, Datacom product
Evrything, the Internet of Things (IOT) Smart Products Platform for consumer products, has announced industry-first connection of GS1 identifiers with the IOT industrial scale. With this integration, consumer goods brands can use billions ...
Tags: consumer product, industrial scale
US corrugated packaging firm WestRock has agreed to acquire all the assets of New York-based Island Container and an affiliate named Combined Container Industries. Island Container and Combined Container are independent producers of ...