GlaxoSmithKline is to sell its drinks brands Lucozade and Ribena to Suntory Beverage & Food Ltd (SBF), the Japanese consumer goods company, for GBP 1.35 billion (AUD 2.4b) in cash. It is expected that the transaction will be completed by ...
Tags: Beverage, Food, Agriculture
Revolution Lighting Technologies, Inc. (Revolution Lighting), a U.S. LED lighting manufacturer, announced that it has closed its acquisition of Relume Technologies (Relume). Through this acquisition, Revolution Lighting now has a LED ...
Tags: Revolution Lighting, Lights
Under the terms of the agreement, Revolution Lighting will pay a total purchase price of $15 million for the Relume business on a debt-free basis and with a minimal level of working capital. Approximately $5 million of the purchase price ...
Revolution Lighting, a leader in advanced LED lighting technology, yesterday announced it has entered into a definitive agreement to acquire Relume Technologies, a leading manufacturer of outdoor LED products and smart grid control systems ...
Tags: Revolution Lighting, LED Product
The Norwegian Competition authority has approved Orkla's purchase of 90.11% of the shares in food firm Rieber & Son. The acquisition is expected to be completed within a week. The approval of the Norwegian competition authorities ...
Tags: Norway Competition
Chinese automotive powerhouse Geely has come to the rescue of the iconic London black taxi by agreeing to purchase Coventry-based cab maker Manganese Bronze, saving it from administration and the threat of closure. Zhejiang Geely Holding ...
CCL Industries Inc., a world leader in specialty packaging solutions for the consumer products and healthcare industries, has signed a binding agreement to acquire the Office & Consumer Products and Designed & Engineered Solutions ...
Tags: label converting business, packaging solutions, CCL Industries
Perrigo has signed a definitive merger agreement as well as has acquired Cobrek Pharmaceuticals, an US-based drug development company, for nearly $45m on a cash free and debt free basis. The company, in May 2008, had also acquired an ...
Tags: Perrigo, definitive merger agreement, Cobrek Pharmaceuticals
Swiss chocolate products manufacturer Barry Callebaut has agreed to acquire cocoa ingredients unit of Singapore-based Petra Foods for $950m. The proposed acquisition is expected to expand Barry Callebaut's cocoa sourcing and processing ...
Premier Foods plc has sold ethnic flour business Elephant Atta to UK rival Associated British Foods, the latest disposal in its move to cut debts. The GBP34m (US$52.8m) deal includes the Elephant Atta brand, which Premier described as the ...
Tags: Premier Foods plc, ethnic flour, food industry, food market
Norwegian conglomerate Orkla, which is reshaping its business to focus on consumer goods, is to buy local food group Rieber & Søn. Orkla has struck a deal to buy the Rieber family's 90.1% stake in Rieber & Søn. The agreement ...
Tags: food group, food, pizza, chocolate
Canadian dairy firm Saputo has signed a deal to acquire the Morningstar business of Dean Foods. The US$1.45bn deal will be financed through a newly-committed bank loan, Saputo said today (3 December). The acquisition will help expand the ...
Tags: dairy, Morningstar, Dean Foods, acquire
Paperboard manufacturer Stora Enso has signed an agreement to establish a joint venture called Bulleh Shah Packaging (Private) with Pakistan-based paper firm Packages Stora Enso said that its initial shareholding will be 35% with a ...
Tags: Stora Enso, paperboard, jiont venture, paper firm packages
IT services company Capita has purchased business travel company Expotel for £16m to "add reach and scale" to Capita's existing operations in the business travel market. The deal, which is on a cash-free, debt-free basis, will also ...
Tags: Capita, IT services, Salmat Speech Solutions, EXPOTEL
Norwegian industrial conglomerate Orkla has entered into an agreement to acquire family-controlled food company Rieber&Soen,by committing to buy 90.11%shares held by the Rieber family,in a deal which values the company at ...
Tags: acquisition, shares, debt-free basis