Kraft Heinz has launched a new platform, called Springboard, which seeks to partner with and incubate fast-growing, disruptive brands. The platform is dedicated to nurturing, scaling, and accelerating growth of disruptive US brands within ...
Tags: Kraft Heinz, Incubator
Campbell Soup has agreed to acquire organic food manufacturer Pacific Foods of Oregon for $700m in an all cash deal to expand its footprint in the rapidly growing health and well-being categories. Based in Tualatin, Oregon, Pacific Foods ...
Tags: Campbell Soup, organic food
NatureSweet Tomatoes announced seasoned financial executive Bo Meissner as its new chief financial officer. "Bo brings a depth of experience to his role as leader of our financial team," said NatureSweet CEO and President Bryant Ambelang. ...
South African food company Pioneer Foods has announced that it would buy a 49.89% stake in major FMCG manufacturer Weetabix East Africa for an undisclosed amount. The acquisition is expected to establish a strategic beachhead for Pioneer ...
Tags: Pioneer Foods, Cereal
American confectionary giant Mars has unveiled plans to combine merge chocolate and wrigley segments to form a new company aimed at unifying its chocolate and candy business. Named as Mars Wrigley Confectionery, the new company will help ...
Tags: Mars, chocolate and wrigley segments, merger
Owens Corning (OC) has acquired InterWrap, a British Columbia based manufacturer of roofing underlayment and packaging materials, for $450m. InterWrap, through its facilities in the US, Canada, India and China, produces synthetic roofing ...
Tags: Owens Corning, InterWrap
Worldwide IT spending is forecast to total US$3.49 trillion in 2016, a decline of 0.5% over 2015 spending of US$3.5 trillion, according to Gartner. This is down from last quarter's forecast of 0.5% growth. The change in the forecast is ...
Tags: device market, printers
Efficient Power Conversion Corp (EPC) of El Segundo, CA, USA, which makes enhancement-mode gallium nitride on silicon (eGaN) power field-effect transistors (FETs) for power management applications, says that, to support its accelerating ...
Tags: EPC, GaN, semiconductors
Perry Ellis International, Inc. a leading American designer, distributor and licensor of a broad line of high quality men's and women's apparel, accessories and fragrances, has announced that it is assuming direct control of the Perry Ellis ...
Tags: Perry Ellis, women's apparel, men's apparel
For its fiscal second-quarter 2015 (to end-March), Emcore Corp of Alhambra, CA, USA (which provides compound semiconductor-based components, subsystems and systems for the broadband and specialty fiber-optics market) has reported revenue of ...
Tags: fiber-optics, Emcore
Vasari Global, along with Ethiopian entrepreneur Solomon Wondimneh and his company Ahadu, has opened phase I of a new food production facility in Ethiopia which is valued at around $150m. The launch marks capital deployment of $36m ...
At its Investor Day held in Germany, the Adidas Group unveiled its new strategic business plan until the year 2020, which aims at further accelerating growth by significantly increasing brand desirability. “This is expected to ...
Tags: Adidas, new business plan, Adidas Neo
At its Investor Day in Herzogenaurach, the Adidas Group presented its new strategic business plan called "“Creating the New,” designed to accelerating growth significantly. Revenues are projected to increase at a ...
Tags: Adidas Group, Speed, Sporting Goods
C. S. Verma, chairman of Indian state-owned steel producer Steel Authority of India Limited (SAIL), has said that the company is ready "to cater to the increased steel demand in a cost-effective manner by way of adoption of modern ...
Tags: Steel Demand, Mineral
Eastman Chemical Company has entered into a definitive agreement with Taminco Corporation under which Eastman will acquire Taminco, a global specialty chemical company. Under the terms of the agreement, Taminco stockholders will receive ...