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Tyson Foods Increases Stake in Beyond Meat
Dec 11, 2017Beyond Meat has closed a new financing round led by Cleveland Avenue, a venture capital firm founded by Don Thompson, former CEO of McDonald’s Corporation. “We see Beyond Meat as a strategic and compelling consumer-focused ...
Tags: Tyson Foods, Beyond Meat
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Cargill, Faccenda Foods to Establish Poultry Joint Venture in UK
Sep 27, 2017Agribusiness giant Cargill has agreed to merge its fresh chicken business in the UK with Faccenda Foods’ fresh chicken, turkey and duck operations to create a new food firm. The parties will establish a fresh poultry joint venture ...
Tags: Cargill, Faccenda Foods
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L Catterton Offers to Buy 27.9% Stake in Innis & Gunn
Sep 7, 2017US-based private equity firm L Catterton has offered to buy 27.9% stake in Scottish craft brewery Innis & Gunn for £15m. Founded in 2003, Innis & Gunn claims to have risen to the second position for a craft brewer in the UK ...
Tags: L Catterton, craft brewery
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Taiwan Market: Feilo Sylvania Launches LED Lighting
Sep 6, 2017Feilo Sylvania, a lighting vendor owned by China-based Shanghai Feilo Acoustics, has announced its entry into the Taiwan market by launching LED light tubes, bulbs and streetlamps. Shanghai Feilo Acoustics acquired an 80% stake in ...
Tags: LED Lighting, Feilo Sylvania
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AB InBev to Merge Russia and Ukraine Businesses with Anadolu Efes
Aug 14, 2017Anheuser-Busch InBev (AB InBev) is merging its operations in Russia and Ukraine with Turkey's brewer, Anadolu Efes. The companies plan to merge their businesses in a 50-50 merger and create a new company to be known as AB InBev-Efes. ...
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Starbucks to Buy Remaining Stake in China Jv for $1.3bn
Aug 1, 2017Starbucks has agreed to acquire the remaining stake of 50% in East China joint venture (East China JV) from Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC). Starbucks will pay $1.3bn in cash and ...
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Ardian Divests Stake in German Food Firm Frostkrone to Emeram Capital Partners
Mar 1, 2017Ardian has divested its stake in Germany-based food company frostkrone for an undisclosed sum to Emeram Capital Partners. frostkrone, which was established in 1997, manufactures frozen finger food and snack products in Europe. The ...
Tags: Ardian, snack products
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China Mengniu Dairy to Acquire Modern Dairy for $826m
Jan 10, 2017China Mengniu Dairy has agreed to acquire China Modern Dairy (CMD) for HK$6.4bn ($826m) to consolidate its position in the high-end dairy products sector. As part of the deal, China Mengniu will buy 965.47 million shares in CMD from a ...
Tags: Mengniu Dairy, Dairy
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Body Moots National Cable Network
Dec 10, 2016China plans to launch a countrywide cable television network by integrating existing listed local networks into one public company by the end of 2020, said a government circular posted online on Friday. In response, stocks of six A-share ...
Tags: cable TV, television
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Essel Propack Acquires 100% Stake in German Packaging Joint Venture
Sep 27, 2016Packaging firm Essel Propack has acquired remaining 75.1% stake in its German joint venture Essel Deutschland (EDG) for $32m. As part of the agreement, Essel’s Mauritius subsidiary Lamitube Technologies (LTL) will increase its stake ...
Tags: Essel Propack, stake, EDG, LTL
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Kinh Do Sells off Remaining 20% Stake to Mondelez
Aug 30, 2016Mondelez International has bought the remaining 20% stake in Vietnamese food company Kinh Do’s snack unit for VND 2tn ($90m) as part of its expansion strategy in emerging markets. In November 2014, Mondelez had agreed to buy 80% of ...
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Ebro Foods Acquires Majority Stake in Flour Maker Santa Rita
Jul 18, 2016Spanish Ebro Foods has acquired a controlling stake in flour producer and retailer Santa Rita Harinas for €4.8m ($5.34m). In a statement to Spain’s National Securities Market Commission (CNMV), Ebro said that it has bought 52% ...
Tags: Ebro Foods, Santa Rita
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OEM AIO PC Market to Undergo Drastic Change
Jun 3, 2016The landscape of the global OEM AIO (all-in-one) PC market will undergo a dramatic change in 2016 as number-two maker TPV-Inventa Technology begins making its gradual exit from the segment, according to Digitimes Research. Asia Vital ...
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Vinamilk Acquires Remaining 30% Stake in Driftwood Dairy for $3m
May 26, 2016Vietnamese dairy company Vinamilk has fully acquired US-based Driftwood Dairy by buying the remaining 30% stake for $3m. The acquisition comes more than two years after the company bought 70% stake in the US company for $7m. Driftwood ...
Tags: Vietnamese dairy, Dairy products
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Dr Pepper Snapple Group Buys Additional Stake in Bodyarmor Sports Drinks Business
Apr 11, 2016Flavored beverages producer Dr Pepper Snapple Group (DPS) has purchased an additional stake in BA Sports Nutrition, makers of premium sports drinks line Bodyarmor. The firm has invested an additional $6m to increase its stake from the ...
Tags: Dr Pepper Snapple Group, DPS, BA Sports Nutrition, Bodyarmor
