Japanese automaker Nissan has abandoned the deal to sell its EV battery manufacturing unit to Chinese private equity firm GSR Capital. The deal, valued at nearly $1bn, was cancelled by Nissan stating that the Chinese firm lacked the ...
Tags: Nissan, GSR Capital
BMW China and Baidu have partnered to develop the next generation Internet of Vehicles (IoV) solutions that connects vehicles with smart home devices. At the CES Asia 2018, an agreement was signed between BMW Connected and Baidu Internet ...
Graphic Packaging International, a subsidiary of Graphic Packaging Holding Company, has agreed to acquire all the assets of PFP and its related entity PFP Dallas Converting for an undisclosed sum. PFP is an independent converter, which is ...
Tags: Graphic Packaging, Packaging, Paperboard
Private equity firms L Catterton and Ambienta have agreed to acquire Italy-based beauty packaging firm Pibiplast for an undisclosed sum. Based in Correggio, Pibiplast is engaged in designing and manufacturing of beauty and personal care ...
DS Smith has completed the acquisition of North American packaging company Corrugated Container Corporation (CCC) for an undisclosed amount. The CCC, which is a family-owned business, has around 190 employees across its four operations in ...
Tags: Corrugated Container, packaging
George Dickel Tennessee Whisky has introduced new TABASCO brand barrel finish for the customers. For more than a century, both George Dickel Tennessee Whisky and McIlhenny Company's TABASCO Brand Pepper Sauce, have celebrated their ...
Nestlé has agreed to acquire rights to market Starbucks consumer and foodservice products globally, outside of the latter’s coffee shops. This transaction provides Nestlé with a strong platform for continued growth in ...
Tags: Nestle, Starbucks Products
A survey from WePack has revealed that half of UK companies failing to prepare packaging for growth of e-commerce deliveries. The survey found that 49.7% of firms have no plans in place to change the design of their packaging to deal with ...
Tags: E-Commerce Packaging, Packaging
AB Inbev’s innovation unit ZX Ventures has acquired UK-based spirits company Atom Group for an undisclosed amount. Atom Group, which is based in Kent, UK, consists of three units including Master of Malt, an online retailer, Atom ...
US-based Twin Rivers Paper has signed an agreement to acquire Mondi Group’s paper mill in Pine Bluff, Arkansas. Terms of the deal, which is expected to be completed in the second quarter of this year, have not been disclosed. Pine ...
Tags: Twin Rivers Paper, Paper Mill
US-based meat processing company Strauss Brands is offering CrossFit approved premium-quality meat via a multi-year deal brokered by IMG. A CrossFit Approved box, featuring a curation of Strauss' free-range chicken, grass-fed burgers, ...
Tags: Meat Products, meat
Consumer goods firm Unilever has collaborated with start-up firm Ioniqa and polyethylene terephthalate (PET) resin producer Indorama Ventures to pioneer a new technology that can turn PET waste into virgin grade material for use in food ...
Tags: Unilever, Virgin Grade Material
Automotive parts supplier Magna International formed a joint venture (JV) in China to make composite liftgates for a global automaker’s crossover vehicle commencing in late 2018. The JV with Guangzhou Automobile Group (GAC) ...
Tags: Magna, Chinese Automaker
Packaging manufacturer Coveris has agreed to divest its Americas packaging business to Transcontinental (TC Transcontinental) in a deal worth $1.320bn. Coveris Americas, which is a subsidiary of Sun Capital Partners portfolio firm ...
The Glasgow Distillery has signed a UK distribution agreement with Halewood Wines & Spirits for its Makar gin and G52 Urban Craft Vodka brands. Halewood’s enviable portfolio of artisanal spirits will now be bolstered by our Makar ...
Tags: Glasgow Distillery