Dutch dairy company Royal FrieslandCampina is planning to acquire 51% stake in Pakistani-based Engro Foods for $460m. The European dairy company has approached the Pakistan company to buy around 391 million shares from its parent company ...
LED device maker Lite-On Technology, LED lighting maker Laster Tech as well as LED epitaxial wafer and chip makers Epistar and Genesis Photonics have stepped into automotive LED lighting, according to industry sources. Lite-On Technology, ...
Western Digital has disclosed its agreement with Unisplendour (Unis), and Unis Union Information System (Unis Union), a subsidiary of Unis that agreed to make a US$3.775 billion equity investment in Western Digital, has been terminated by ...
Tags: Western Digital, SanDisk, storage
As a key integral of automated logistics system, automated logistics equipment mainly includes AGVs, forklifts, automated stereo warehouse, automated conveyors and sorters, etc. In 2015, the market size of automated logistics system in ...
Heineken’s subsidiary and Jamaican brewer Desnoes and Geddes (D&G), which produces Red Stripe, is planning to resume production of the beer in Jamaica by the end of 2016. The initiative is part of a bigger strategy of Heineken to ...
Tags: Red Stripe, Heineken
Campbell Soup is launching a $125m venture capital fund, Acre Venture Partners, to invest in food startup companies, seeking new areas of interest for growth. The company will be the limited partner in the new venture capital fund and ...
Tags: Campbell Soup, Food Startups
US Foods Holding Corp plans to go for initial public offering of its shares to raise $100m, a move that comes after Sysco Corp failed to acquire it. In its filing with the US Securities and Exchange Commission, US Foods did not state the ...
Tags: US Foods, food service
Swiss food company Nestle is planning to acquire the remaining stake of 36.3% in Israel-based food manufacturer Osem for $840m. Nestle had originally invested in Osem around two decades ago, when it had taken 63.7% stake in the company, ...
Israel-based ingredients company Frutarom has acquired 50% stake in Algalo Industries to fortify its position in algae-based products segment. Frutarom has invested NIS10m ($2.6m) to acquire the stake. As part of its growth strategy, ...
Tags: Frutarom, algae-based products
Swiss dairy processing company Emmi is to purchase 60% stake in Dutch goat cheese maker Bettinehoeve in order to bolster its growth prospects in the fresh goat‘s milk and cheese segments. Following the completion of transaction, ...
Tags: goat milk products, cheeses
UK-based drinks company Diageo has reportedly said that it would challenge the claim by its Indian subsidiary United Spirits Ltd (USL) chairman Vijay Mallya, who alleged that Diageo failed to enter into a joint venture with him in the ...
Tags: emerging markets, Diageo, drinks
The Department of Environment, Food and Rural Affairs (Defra) has established Great British Food Unit intended to boost exports and create 5,000 jobs in food and drinks manufacturing sectors. The partnership between the sector ...
Tags: Defra, Food Products
Icahn Enterprises has announced its plans to acquire automotive service provider Pep Boys-Manny Moe & Jack for $1bn. The deal was announced after Japanese tire maker Bridgestone quit the race to acquire the company by announcing that ...
Tags: Pep Boys, automotive service
Smartphone brands in China are expected to enter a new phase of consolidation in 2016 as some vendors have sold their sub-brands or introduced new strategic partners, according to industry sources. Smartphone brands in China were active ...
Tags: Coolpad, Nubia, Smartphone
Germany's biggest lender, Deutsche Bank, has agreed to sell its nearly 20-percent stake in Chinese bank Hua Xia for around 3.3 billion U.S. dollars to PICC Property and Casualty Company. The sale still has to be given the ...
Tags: Deutsche Bank, Hua Xia Stake