Investment firms Warren Buffett's Berkshire Hathaway and 3G Capital have entered into a definitive merger agreement to acquire American food company HJ Heinz for $28bn in cash, including the assumption of Heinz’s outstanding debt. ...
Tags: Berkshire Hathaway, 3G Capital, HJ Heinz
US-based snack company Snyder's-Lance has reported that its net earnings increased by 54.4% to $59.09m for the full-year 2012, compared to $38.26m in 2011. For the year ended 29 December 2012, the company posted 1.2% decrease in net sales ...
Tags: snack company, Snyder's-Lance, net earnings
The merger of Delta's solar subsidiary, DelSolar, and Neo Solar Power (NSP) is expected to be completed in May-June, according to Yancey Hai, chairman of Delta Electronics. The industry is optimistic about 2013 and Delta predicts the firm ...
Tags: DelSolar, Neo Solar Power, Delta Electronics
Taiwan-based LED chip packaging house Unity Opto Technology saw its revenues of NT$514 million (US$17.6 million) for January 2013 decrease on month by 8.76% but increase 74.91% on year, while fellow maker Lextar Electronics had January ...
Henkel Harris ceased production here Jan. 31, after a 66-year history of manufacturing some of the best known and most respected high-end case goods in the United States. The company announced in late October that it planned to close by ...
Tags: Henkel Harris, case goods, furniture
Pentair Ltd. announced fourth quarter 2012 sales of $1.8 billion, an increase of 103 percent from the prior year quarter excluding 1 point of foreign exchange impact, reflecting the Flow Control acquisition. Adjusted fourth quarter 2012 ...
Tags: Pentair, Flow Control, company news
A new major global forklift company has been borne from the merger of two of the world’s largest forklift manufacturers. UniCarriers Corporation, headquartered in Tokyo, Japan, has completed the transfer of all issued shares of TCM ...
Tags: TCM, Nissan Forklift, Forklift Powerhouse
On Wednesday Los Angeles-based service center Reliance Steel & Aluminum Co. and service center Metals USA Holdings Corp. announced a definitive merger agreement whereby Reliance Steel will acquire all of the outstanding shares of Metals USA ...
Tags: Reliance Steel, Steel, Aluminum
Alcatel-Lucent has announced that it is hunting for a new CEO, following reports of a fourth-quarter net loss of 1.37 billion (US$1.81 billion). Current CEO Ben Verwaayen will step down as soon as a replacement is found, and will not seek ...
Koninklijke Philips Electronics N.V. (Royal Philips Electronics, commonly known as Philips) (Euronext: PHIA, NYSE: PHG) is a Dutch multinational electronics company headquartered in Amsterdam. It was founded in Eindhoven in 1891 by Gerard ...
Tags: Philips, Lighting Brands, indoor luminaires
Canada-based Guelph Food Technology Center has merged with US-based certification services provider NSF International. GFTC stated that the move will benefit its customers from NSF food safety training, auditing and certification services ...
Tags: Food Technology, food safety, food
Bridgelux has appointed Brad Bullington as its new CEO, Marl and Bivar have formed a global alliance, KaiStar has ordered more LED manufacturing systems from Veeco, and Lextar has completed its merger with Wellypower. Bridgelux appoints new ...
Tags: LED Business, LED, LED makers
The managing director of Trilux has been elected as president of LightingEurope, the new industry consortium of European lighting companies and national associations. LightingEurope, the new organization representing the lighting industry ...
Tags: LightingEurope, GE Lighting, Lighting
Italian car maker Fiat expects to complete the merger of its partner, the Chrysler Group by 2014 in the US. Fiat-Chrysler CEO Sergio Marchionne was quoted by Repubblica newspaper as saying that the company will succeed in doing it. "We ...
Hebei Iron and Steel Group, established in 2008 with the merger of Tangsteel and Hansteel in Hebei province, produced 69.23 million tons of steel, down by 2.8% year on year. In 2012, China has dominated the global steel production with ...
Tags: Hebei Iron and Steel Group, Crude Steel, Output, 2012