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Pioneer Foods to Buy Kraft Heinz South African JV Stake
Nov 9, 2017Pioneer Food will acquire full ownership of Heinz Foods South Africa (Heinz Foods SA) by purchasing the remaining 50.1% stake in the joint venture (JV) from Kraft Heinz Company’s subsidiary Heinz SA. Financial terms of the ...
Tags: Pioneer Food, Heinz Foods
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Unilever to Divest South African Spreads Business to Remgro in $900m Deal
Sep 26, 2017Unilever has agreed to divest its South African spreads business to Remgro as part of a ZAR11.9bn ($900m) worth deal with the investment firm. Under the terms of the agreement, Unilever will buy Remgro’s 25.75% stake in Unilever ...
Tags: Unilever, food, personal care products
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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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Edrington Buys out Webb's Interest in Americas Travel Retail JV
Jun 6, 2017Scottish spirits company Edrington has taken full ownership of its Americas Travel Retail operations after agreeing to buy out its joint venture (JV) partner for an undisclosed amount. The former JV, Edrington Webb Travel Retail Americas ...
Tags: whisky
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ADM Secures Exclusivity for Proposed Purchase of Chamtor
Mar 29, 2017Archer Daniels Midland Company (ADM) has secured exclusivity in relation to the proposed acquisition of Chamtor, a France-based manufacturer of wheat-based sweeteners and starches. Pierre Duprat, president, ADM Europe, Middle East and ...
Tags: wheat, sweeteners
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Molson Coors Brewing Takes Full Ownership of Millercoors
Oct 25, 2016Molson Coors Brewing has completed its previously-announced acquisition of SABMiller's stake in their US joint venture, MillerCoors. The deal, initially signed late last year, closed the day after Anheuser-Busch InBev finalized its ...
Tags: Molson Coors Brewing, Millercoors
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COFCO to Acquire Remaining Stake in Nidera Capital
Aug 26, 2016COFCO has reached an agreement to acquire the remaining minority stake in Nidera Capital to gain full ownership of the company. The minority stake has been bought by COFCO International from Cygne to gain 100% ownership in Nidera. The ...
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Naturex Divests Its Stake in Aker Biomarine Joint Venture
Apr 6, 2016Plant-based ingredients provider Naturex has divested its stake in the joint venture with Aker Biomarine which was created to krill extract production. As part of the agreement, Aker BioMarine will pay Naturex an undisclosed sum ...
Tags: Naturex, Aker Biomarine, Ingredients provider, Extract production
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ADM Takes 50% Stake in Medsofts to Expand Supply Chain and Merchandising Operations
Dec 21, 2015Archer Daniels Midland Company (ADM) will purchase 50% stake in Egypt-based Medsofts Group. Together, the companies will own and manage supply chain and merchandising operations of grains, oilseeds, and soft commodities. The new joint ...
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Wal-Mart Acquires The Outstanding Shares in Yihaodian
Jul 27, 2015Wal-Mart Stores, Inc. has announced that it has acquired the outstanding shares in Yihaodian, taking full ownership of its fast-growing e-commerce business in China. Wang Lu, president and CEO of Walmart Global e-commerce in Asia, will lead ...
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Tongtai's 2015 Revenue May Rise 20-Plus-Percent to Us$323 Bn
Apr 27, 2015Industry executives forecast the consolidated revenue of machine-tool maker Tongtai Machine & Tool Co., Ltd. of Taiwan to rise over 20 percent year on year to NT$10 billion (US$322.58 million) by the end of this year, basing such optimistic ...
Tags: machine-tool, Tongtai Machine&Tool
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Iconix Brand Group Acquired The Remaining 50% of Iconix China From Novel Fashion Brands
Mar 19, 2015US based apparel marketer, Iconix Brand Group said it has acquired the remaining 50 per cent of Iconix China from its joint venture partner, Novel Fashion Brands Limited. Novel Fashion Brands was owned by the Chou family and the deal ...
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Coles Launches Flybuys Eshops Enables Customers to Collect Rewards Through Online Shopping
Dec 16, 2014Australian supermarket group Coles’ customer rewards program flybuys has launched flybuys eShops, which enables customers to collect rewards through online shopping at big brands. Coles said flybuys eShops was “an online ...
Tags: Online Shopping, flybuys eShops, Agriculture
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Citing Slump in Profits During The Six Months Ended September
Nov 19, 2014UK-based Dairy Crest has agreed to divest its Dairies operations to Müller UK & Ireland for £80m, citing slump in profits during the six months ended September. The transaction includes production plants at Foston, Chadwell ...
Tags: fresh liquid milk, Dairy Crest, Agriculture
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Dairy Crest Has Agreed to Divest Its Dairies Operations to MüLler UK & Ireland for ?80m
Nov 11, 2014UK-based Dairy Crest has agreed to divest its Dairies operations to Müller UK & Ireland for £80m, citing slump in profits during the six months ended September. The transaction includes production plants at Foston, Chadwell ...