Ventura Foods has agreed to acquire Cargill’s dressings, sauces and mayonnaise (DSM) business for an undisclosed sum. Ventura Foods president and CEO Chris Furman said: "The acquisition of Cargill's DSM business is a strong fit ...
Tags: Ventura Foods, Sauces
Ford 2017 F-150 will be offered to customers with all-new 3.5-liter EcoBoost engine and 10-speed transmission. The new second-generation 3.5-liter EcoBoost engine will provide 30 lb.-ft. more peak torque compared with the first-generation ...
Tags: Ecoboost Engine, Ford
Commercial Vehicle Group announced, that due to pending negotiations with the hourly employees' union representative, it has decided to consolidate its North American seat production into two North American facilities and stop seat ...
Tags: Commercial Vehicle, Aftermarket
Automakers Ford, Volvo along with technology giant Google and taxi-hailing firms Uber and Lyft have joined forces to push US regulators to draft regulations that support self-driving cars deployment. The coalition, dubbed the Self-Driving ...
Tags: Self-Driving Cars, Ford
US-based food company Hormel Foods has entered into an agreement to sell Diamond Crystal Brands (DCB) to a partner of private equity firm Peak Rock Capital for an undisclosed sum. DCB, which was founded in 1980, manufactures and ...
Magna International has agreed to acquire Telemotive, an engineering service provider for automotive electronics. Subject to regulatory approval, the transaction is expected to close in the second quarter of 2016. Once complete, ...
Tags: Magna, Telemotive
US-based drinks can maker Ball and Rexam have agreed to sell $3.42bn of assets to Luxembourg-based packaging maker Ardagh in order to gain regulatory approval for the proposed £4.43bn merger. The merger, which is due to be completed ...
Tags: drinks can, Ball and Rexam
Tide is launching a new campaign today to help reduce accidental access of laundry packets by young children and updating its Tide Pods package design with a new Child-Guard zipper beginning in May. "We are deeply committed to reducing ...
Tags: Tide, Child-Guard Zipper
Red Gold, whose mission is to produce the world’s freshest, best tasting tomato products, has maintained a steadfast commitment to the values first set by its founders 74 years ago to do the right thing – by its employees, ...
Tags: Clean Label Movement, Red Gold
Luxembourg-based packaging maker Ardagh has signed an agreement to acquire certain metal beverage can manufacturing facilities in Europe, Brazil and the US from US-based beverage can makers Ball and Rexam for $3.42bn. The deal is a ...
Tags: Beverage Can, metal can
General Mills has agreed to sell its Argentina bakery and foodservice business to a Mexico-based baking company Grupo Bimbo for undisclosed sum. However, General Mills will retain its growing retail food business in Argentina, including ...
Tags: General Mills, Grupo Bimbo, Acquisition
Flexible liquid packaging solutions provider Liqui-Box is planning to invest $4m in advanced packaging production technology at two packaging manufacturing facilities in the US. The firm will upgrade each of the two facilities located at ...
Foreverlamp™, an innovator in retrofit lamp design, will introduce the industry’s first 1000W plug-n-play replacement lamp for Metal Halide lamps during LIGHTFAIR® International. The powerful LED lamp delivers up to 42,000 ...
Tags: Foreverlamp, 1000W plug-n-play replacement lamp, Metal Halide lamps
Olam International has entered into a $175m five-year loan agreement with IFC, a World Bank Group unit, to fund its working capital and capital expenditure requirements for four of its food processing facilities in Nigeria and India. The ...
Tags: Olam, IFC, Food Processing Facilities
Ametek Prestolite Power, a manufacturer of lift truck battery chargers and fleet management solutions, has developed an opportunity charging solution specifically for the food and beverage supply chain that reduces downtime, which is ...
Tags: Ametek Prestolite Power, Charging Solution, Perishable items