New Zealand-based dairy cooperative Fonterra will sell its 50% stake in DairiConcepts to US-based cooperative Dairy Farmers of America (DFA) for NZD$196m ($126.7m) . DairiConcepts is the joint venture between Fonterra and DFA. Under ...
Feldmuehle Uetersen, a paper mill located northwest of Hamburg, will present products from its Board Solutions, Liner Options, Labelling Applications and Flexible Packaging segments at the FachPack 2015 trade fair. Since July 2015, ...
Thule Group divested its Snow Chain business Wednesday in order to tighten its focus on driving growth in its core Outdoor & Bags segment, which makes everything from car racks to backpacks, and cases for consumer electronics. Thule Group ...
Tags: Thule Group, Outdoor, Bags
Thai Union Frozen Products (TUF) is considering divesting its stake in American tuna brand Chicken of the Sea, a move that could clear the way for its planned $1.5bn acquisition of Bumble Bee Foods. TUF CEO Thiraphong Chansiri was quoted ...
Tags: Frozen Products, Chicken
Recent rapidly growing interest in protein content has been of particular benefit to the meat snacks market. Many products naturally high in protein are increasingly using high-in-protein or source-of-protein claims. According to Innova ...
Tags: agricultural products, meat, snacks, protein goods
Jiffy Packaging Europe has sold its air cushion technology and foam-in-place systems division, to German flexible packaging firm Ripac. Ripac has been supplying film to Jiffy's Systems division since 2008. Cheshire-based Jiffy makes ...
In line with its strategy to focus its consumer board offering on high quality virgin fibre products, Stora Enso has sold its Barcelona mill, which produces recycled fibre based consumer board, to private equity fund Quantum. “The ...
Tags: virgin fibre, recycled-fibre
Microwave and semiconductor devices supplier M/A-COM Technology Solutions Holdings (MACOM) has inked a pact to divest its automotive business to safety systems firm Autoliv in a deal valued at $100m. MACOM's automotive operations ...
Tags: auto parts, auto accessories
M/A-COM Technology Solutions Inc of Lowell, MA, USA (which makes semiconductors, components and subassemblies for analog RF, microwave, millimeter-wave and photonic applications) has entered into a definitive agreement to sell its ...
SPTS Technologies Ltd of Newport, Wales, UK (which is owned by Israeli firm Orbotech) has sold its Thermal Products business to SPP Technologies Co Ltd (SPT), a subsidiary of Sumitomo Precision Products Co Ltd (SPP) that specializes in the ...
Tags: SPTS Thermal processing systems, SPP technologies, semiconductor
UK-based SPTS Technologies has sold its Thermal Products operations to Sumitomo Precision Products’ arm SPP Technologies, in a deal worth $28m. SPP is engaged in the production of micro-electro-mechanical systems (MEMS) and ...
Tags: SPTS technologies, thermal products, MEMS, LED
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
Akzo Nobel N.V. has reported positive volume growth and an improvement in return on sales (ROS) for the full-year 2014. Excluding incidentals, ROS was 7.5 percent (2013: 6.1 percent). Operating income excluding incidentals grew 20 percent ...
Tags: AkzoNobel, Decoration Coating
Nestlé Spain has agreed to divest its La Cocinera frozen ready to eat meals business to British frozen food and seafood supplier Findus Spain for an undisclosed amount. The company has signed an agreement to this effect which is ...
Finland-based consumer and specialty packaging manufacturer Huhtamaki has completed the sale of its film unit to DBAG Fund VI, a fund advised by Deutsche Beteiligungs for around €141m. With the sale of the unit, Huhtamaki will be ...