Premium Brands Holdings has acquired 100% of the shares of Ontario based Belmont Meat Products for $50m. The purchase price of the acquisition is subject to certain customary adjustments. Premium Brands will be paying $49.2m in cash ...
Tags: Belmont Meat Products
US-based cereal maker Kellogg has entered into an agreement to acquire Ritmo Investimentos, a controlling shareholder of Brazilian food group Parati Group. The purchase price of the acquisition is about $429m and it will be an all-cash ...
Tags: Kellogg, emerging markets
Campbell Soup Company has appointed Ed Carolan as president for Campbell Fresh (C-Fresh). Carolan, 47, will lead the division that includes Bolthouse Farms beverages, salad dressings and carrots, Garden Fresh Gourmet salsa, hummus and ...
Donations and needed supplies to assist organizations leading the hurricane relief and includes $500,000 for recovery efforts in Haiti. BENTONVILLE, Ark., October 11, 2016 – Walmart and the Walmart Foundation have made a commitment ...
Tags: hurricane relief, Donations, needed supplies
Grant will support food bank’s school Backpack, School Pantry, Picnic in the Park and Cooking Matters programs BOISE, Idaho (Oct. 6, 2016) — This week, the Idaho Foodbank celebrated receiving a $90,000 grant from the Walmart ...
Tags: Grant, food bank, Walmart Foundation
The company reiterates fiscal year 2017 GAAP EPS guidance of $4.29 to $4.49, or adjusted EPS1 guidance of $4.15 to $4.35. For fiscal year 2018, the company expects GAAP EPS to be relatively flat to fiscal year 2017 adjusted EPS1. ...
US-based sandwich producer AdvancePierre Foods has acquired raw and cooked beef and chicken Philly steak product maker Allied Specialty Foods from Steven Zoll for $60m in cash. However, the transaction amount is subject to certain ...
Tags: AdvancePierre Foods, Allied Specialty Foods, acquisition
Deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has announced additional cost-reduction initiatives after deciding to significantly reduce future investments in its atomic layer deposition (ALD) technology ...
Tags: Veeco, ALD, cost-reduction
DXP Enterprises Inc has sold Vertex Corporate Holdings Inc, a master distributor of industrial fasteners, to Houston Wire & Cable Co (HWC). DXPE received approximately US$31.0 million in net cash proceeds, subject to customary transaction ...
Tags: DXPE, Vertex Corporate Holdings, HWC
Friedrichshafen / Stockholm – ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V. (“ZF”), announced today that it has withdrawn its recommended public cash offer (the “Offer”) to ...
Tags: ZF, withdraw, public cash offer, Haldex
Stone Canyon Industries has sold SCI Ingredients and its wholly owned operating subsidiary, Fleischmann's Vinegar Company to Green Plains for $250m. Fleishmann’s Vinegar is being regarded as one of the largest producer of food-grade ...
Ausnutria Dairy has formed a joint venture with New Zealand based Westland to produce and sell dairy based powder products, including infant milk powder. Through the joint venture named Pure Nutrition, the companies will set up a new ...
Tags: Ausnutria Dairy, Westland, dairy based powder products
US-based dairy-free firm Tofutti Brands has started a review of its strategic alternatives that include operating as a standalone or a possible sale or forming a new business combination. For the review, the company has retained BDA ...
A variety of VTech’s products were acknowledged, including the Care for Me Learning Carrier, Bizzy the Mix & Move Bot and Sort & Discover Activity Cube. Seven of VTech’s children’s toys have earned the Mom's Choice Award ...
The ATA has released its contract checklist, which aims to help trucking businesses ensure their contracts are fair and legal. The checklist responds to the lengthening payment terms faced by trucking businesses, as well as concerns that ...
Tags: contract checklist, ATA