Stone Canyon Industries has sold SCI Ingredients and its wholly owned operating subsidiary, Fleischmann's Vinegar Company to Green Plains for $250m. Fleishmann’s Vinegar is being regarded as one of the largest producer of food-grade ...
US Foods has entered into an agreement to acquire specialty foods distributor Jeraci Foods to expand its reach in the Italian independent restaurant and pizzeria sectors. However, the terms of the transaction were not disclosed. Based ...
Tags: US Foods, Jeraci Foods, acquisition
Swiss food giant Nestle and Britain’s R&R Ice Cream have completed establishing a joint venture Froneri to combine their activities in ice cream, frozen food and chilled dairy. The joint venture will integrate both the ...
Tags: Nestle, R&R Ice Cream, Froneri
Ice cream cone brand Joy Cone has acquired BoDeans Baking Group for undisclosed sum in a bid to expand its business. BoDeans Baking is a major player in the novelty ice cream cone, wafer, and inclusion market. Joy Cone president and CEO ...
Tags: Joy Cone, BoDeans Baking, acquisition
US-based dairy-free firm Tofutti Brands has started a review of its strategic alternatives that include operating as a standalone or a possible sale or forming a new business combination. For the review, the company has retained BDA ...
Mexican soft-drink bottler Coca-Cola Femsa has signed an agreement to acquire Brazilian Coke bottler Vonpar for R3.5bn ($1.09bn). Under the terms of the deal, Coca-Cola Femsa’s Brazilian subsidiary Spal Industria Brasileira de ...
Private equity investment firm Paine & Partners has entered into an agreement to acquire food safety and food quality solutions platform Global ID Group. However, financial details of the transaction were not disclosed. Headquartered in ...
Tags: Paine&Partners, Global ID, food safety
Naturally Splendid Enterprises announced that it has signed a letter of intent with Eat Real Snack Food Canada (ERSF) to enter into a definitive agreement whereby Naturally Splendid will acquire certain packaging equipment owned by ERSF. ...
ExxonMobil to pay $45 per share plus additional cash payment based on Elk-Antelope resource size Boards of directors of both companies unanimously approve terms of agreement Acquisition adds to ExxonMobil resources in successful ...
Tags: ExxonMobil, InterOil, transaction
Naturally Splendid Enterprises has signed an agreement to purchase certain packaging equipment from Eat Real Snack Food Canada (ERSF). Naturally Splendid is purchasing the packaging equipment for about CDN$2m ($1.51m). Under the deal, ...
Tags: Naturally Splendid, agreement, ERSF
Shell has reached an agreement with Dansk Olieselskab ApS for the sale of A/S Dansk Shell in Denmark, which consists of the 70 thousand barrels per day Fredericia refinery and local trading and supply activities, for approximately $80 ...
Tags: Shell, agreement, Dansk Olieselskab ApS
Deal marks progress against divestment target. Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon ...
Shell has completed the sale of Dansk Fuels in Denmark to Couche-Tard for approximately $300 million including working capital. Dansk Fuels comprises Shell’s Retail, Commercial Fuels, Commercial Fleet and Aviation businesses, and ...
Shell has reached a conditional agreement with Malaysia Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC) in Malaysia for $66.3 million. It is MHIL’s intention for SRC to ...
Tags: SRC, shareholding, MHIL, conditional agreement
Wal-Mart Stores, Inc. (WMT: NYSE) today announced completion of the company’s acquisition of Jet.com, Inc., following expiration of the waiting period under federal regulations. The news was initially shared on Instagram by Walmart ...
Tags: Wal-Mart Stores, acquisition, Jet.com