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Diageo Seeks to Raise Stake in China's Sichuan Shuijingfang

Jun 29, 2018

UK-based drinks company Diageo has proposed to increase stake in Chinese spirits firm Sichuan Shuijingfang Company (SJF) and take majority control of the company. Diageo approached the board of directors of SJF with a proposal for a ...

Tags: Diageo, drinks

Coca-Cola Bottler Arca Continental to Construct New Facility in US

Jun 11, 2018

Coca-Cola bottler Arca Continental has unveiled plans to construct a new production and distribution facility in Houston, Texas, US. Through its subsidiary Coca-Cola Southwest Beverages (CCSWB), Arca Continental will build the facility ...

Tags: Coca-Cola, Arca Continental

NeoPhotonics Awards Inducement Grants to New Senior VP of Global Sales

Apr 8, 2018

NeoPhotonics Corp of San Jose, CA, USA (a vertically integrated designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for high-speed communications networks) says that the compensation committee of ...

Tags: NeoPhotonics

Bobst Group Reports Increased Sales Performance in 2017

Mar 7, 2018

Bobst Group, a Swiss-based supplier of equipment and services to the packaging and label industries, has reported consolidated sales of CHF1 529m ($1,629m) in 2017, an increase of CHF82m, or 5.7%, compared to 2016. The operating result ...

Tags: packaging, label industries

ADM, Cargill to Create Soybean JV in Egypt

Feb 28, 2018

US food giants Archer Daniels Midland (ADM) and Cargill have signed an agreement to create a joint venture (JV) to meet increasing customer demand for soybean meal and oil in Egypt. The JV, which will be equally owned by the partners, ...

Tags: Archer Daniels Midland, soybean

Bright Blue to Buy Greencore's UK Cakes and Desserts Business

Feb 8, 2018

Bright Blue Foods (BBF) has agreed to acquire Greencore Group’s cakes and desserts business in Hull, UK for an undisclosed sum. The transaction along with an earlier announced closure of a desserts facility in Evercreech will enable ...

Tags: Bright Blue Foods, Cakes

Volvo's Parent Firm Geely to Buy Us Flying-Car Startup Terrafugia

Nov 16, 2017

Zhejiang Geely, the Chinese automaker that owns Volvo, has agreed to acquire Terrafugia, a US-based startup company working on the development of a flying car. Terrafugia was founded in 2006 by five Massachusetts Institute of Technology ...

Tags: Geely, automaker

Robert Aiken Steps Down as President of TreeHouse Foods

Nov 6, 2017

TreeHouse Foods, a manufacturer of packaged foods and beverages, said that its president Robert Aiken has resigned on 29 October. The company's chairman and CEO Sam K. Reed will assume the role of president. "We are disappointed by ...

Tags: TreeHouse Foods, packaged foods, beverages

Saputo to Acquire Australian Dairy Firm Murray Goulburn for $1bn

Oct 31, 2017

Canadian dairy giant Saputo has agreed to acquire Australia-based dairy processor Murray Goulburn Co-Operative (MG) for CAD1.29bn ($1.01bn). The is expected to complement the operations of Saputo's Dairy Division (Australia). Saputo ...

Tags: Saputo, dairy processor

Denso to Expand US Footprint with $1bn Investment

Oct 12, 2017

Japanese auto components supplier Denso is investing $1bn in its Maryville, Tennessee location in the US as part of its commitment to advancing automotive innovation in North America. The investment will focus on vehicle electrification ...

Tags: Denso, auto components

Pilgrim's Pride to Buy UK Poultry Processor Moy Park From JBS for $1.3bn

Sep 13, 2017

Chicken producer Pilgrim's Pride has agreed to acquire JBS’ British poultry unit Moy Park for $1.3bn to expand its portfolio of prepared foods. By adding Moy Park’s operations in the UK and Continental Europe, Pilgrim's Pride ...

Tags: poultry meat, prepared foods

Nestle to Buy Plant-Based Protein Firm Sweet Earth

Sep 12, 2017

Nestlé has agreed to purchase US-based Sweet Earth to enter plant-based protein market. Sweet Earth produces products ranging in plant-based proteins like wheat-based seitan, tofu as wells as legumes such as lentils, chickpeas and ...

Tags: Nestle, protein market

PEIC Panelists to Address Perspectives on Workforce Challenges & Opportunities Facing Power Electronics Industry

Sep 11, 2017

As part of the Special Session program at the IEEE Energy Conversion Congress & Expo (ECCE 2017) in Cincinnati, OH (1–5 October), the Power Electronics Industry Collaborative (PEIC) – a national, industry-focused member-based ...

Tags: semiconductor, supply chain

Power Electronics Industry Collaborative Adds New Executive Board Member

Aug 14, 2017

The Power Electronics Industry Collaborative (PEIC) – a national, industry-focused member-based consortium consisting of original equipment manufacturers (OEMs), material suppliers, researchers and government stakeholders in the US ...

Tags: Power electronics, GaN, SiC

AB InBev to Merge Russia and Ukraine Businesses with Anadolu Efes

Aug 14, 2017

Anheuser-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. ...

Tags: AB InBev, brewer

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