The European Commission (EC) has approved the joint acquisition of Slaney Foods JV and Slaney Proteins by ABP Group and Fane Valley. The proposal for acquisition of the stake has been cleared unconditionally by Europe’s competition ...
Tags: EC, joint acquisition, ABP, Fane Valley
General Mills has announced that it will invest $25m to expand its cereal production plant in Buffalo, New York, US. Expected to be completed in May 2017, the expansion project will include purchase of new packaging equipment, production ...
Tags: General Mills, investment
Food technology company JBT has entered into an agreement to acquire Tipper Tie for $160m to expand its protein platform. However, the transaction value is subject to customary post-closing adjustments. Expected to close in the fourth ...
Tags: JBT, Tipper Tie, acquisition
Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...
Tags: Cargill, fiscal results
Taiwan-made bathroom furniture with high quality and functionality, along with competitive prices, can help buyers to ride on U.S.’s bullish realty market. With U.S.'s realty and job markets continuously on the mend to sustain ...
Tags: bathroom furniture
Automation specialist Vanderlande has officially opened the doors to its new cutting-edge office building in Veghel, Netherlands. A formal ceremony was held on and a commemorative brick was laid in celebration of the milestone event. The ...
Tags: Vanderlande, ceremony
Ennis reported financial results for the three and six months ended 31 August 2016. Highlights include: Gross profit margin on continuing operations increased slightly from 29.5% to 29.6% on a sequential quarter basis.Diluted earnings ...
Tags: Ennis, financial results
Black Medicine Iced Coffee is replacing its current aluminum bottles with cans this fall to meet consumer interest in better portability and convenience. There is no change to the coffee beverage, as consumer acceptance has been very ...
Duke Food Productions has acquired a new 110,000ft2 manufacturing facility in Texas, marking its first expansion outside its home state of South Carolina. Over the next five years, the food manufacturer expects to invest $10m in the plant ...
Tags: Duke, expansion, investment
While the number of LTE networks around the world is steadily on the rise, improvements in LTE-based download speeds have been relatively unmoved; for example, the global average speed of 13.5Mbps in the fourth quarter of 2015 rose by only ...
Tags: LTE networks, smartphone
As demand for the traditional 18650 cylinder battery has been growing strong recently because of increasing notebook sales, upstream battery module makers have started asking for a double-digit percentage quote raise. Since most lithium ...
Tags: cylinder battery, lithium battery
The new center will focus on "developing advanced technologies, including computer hardware and communications, audio and video equipment." Apple's not just going to assemble its hardware in China. Now it's also going to develop some of ...
The Hain Celestial Group announced it has received a limited waiver and extension of certain obligation under its unsecured credit facility from its lenders regarding the delivery of its fiscal year 2016 financial statements and, if ...
Tags: Hain Celestial, limited waiver, extension of credit facility
Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today introduced a blueprint for next-generation flash memory solutions that will meet the ever-increasing demands of big data networks, cloud computing and ...
US based manufacturer of metal decorative and industrial tins Independent Can (ICC) has signed an agreement to acquire specialty tin division from Ball Corporation, a sustainable packaging solutions provider, for approximately $25m. Under ...