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strategic review
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Inventure Foods to Sell Frozen Foods Division to Oregon Potato
Sep 18, 2017Inventure Foods has agreed to divest its frozen business unit to Oregon Potato Company (OPC) for $50m as part of its ongoing strategic and financial review. Under the terms of the definitive asset purchase agreement, the Arizona-based ...
Tags: Inventure Foods, Frozen Foods
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Tekni-Plex Buys Adhesive Tape Substrate Business From Alfatherm, Italy
Aug 4, 2017Packaging materials developer Tekni-Plex is expanding its Tekni-Films operations in Italy via an acquisition. The company acquired the self-adhesive tape substrate operations of Alfatherm SpA of Venegono Superiore (VA), Italy. The ...
Tags: Tekni-Plex, Adhesive Tape
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Heidelberg UK Managing Director Elected as Picon Chairman
Jul 7, 2017Heidelberg UK managing director Gerard Heanue has been elected as the new chairman of Picon, the confederation supporting UK printing industry manufacturers and suppliers. He succeeds Robert Flather, managing director of Kolbus UK. ...
Tags: Heidelberg, printing industry
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Nestle Exploring Sale of US Confectionery Business
Jun 19, 2017Nestlé is considering a sale of its US confectionery business, which includes brands such as Butterfinger, Baby Ruth and Crunch chocolate bars. The food and beverage giant is exploring strategic options, which would pertain to only ...
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SPDC Completes Sale of Oil Mining Lease 29 and Nembe Creek Trunk Line in Nigeria
Dec 9, 2016This divestment is part of the strategic review of SPDC’s onshore portfolio and is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business. ...
Tags: SPDC, divestment, oil and gas
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SPDC Completes Sale of Oil Mining Lease 18 in Nigeria
Dec 9, 2016This divestment is part of the strategic review of SPDC’s onshore portfolio and is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business. ...
Tags: SPDC, Nigeria, oil and gas business
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2 Sisters Food Group Subsidiary May Cut 350 Jobs at Merthyr Plant
Nov 10, 2016St Merryn Foods, a subsidiary of The 2 Sisters Food Group, is mulling to shut down its retail packing operations at its Merthyr Tydfil meat processing site in the UK. The closure is expected to affect around 350 out of a total workforce ...
Tags: 2 Sisters, St Merryn Foods
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DXP Enterprises Divests Non-Core Fastener Distribution Business
Oct 12, 2016DXP Enterprises Inc has sold Vertex Corporate Holdings Inc, a master distributor of industrial fasteners, to Houston Wire & Cable Co (HWC). DXPE received approximately US$31.0 million in net cash proceeds, subject to customary transaction ...
Tags: DXPE, Vertex Corporate Holdings, HWC
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Emcore to Issue Special Dividend of $1.50 Per Share, Completing Return of $85m to Shareholders
Jul 12, 2016Emcore Corp of Alhambra, CA, USA – which provides indium phosphide (InP)-based optical chips, components, subsystems and systems for the broadband and specialty fiber-optics markets – has completed its strategic review and will ...
Tags: Emcore Corp, optical chips
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Nippon Paper Industries to Acquire Weyerhaeuser’S Liquid Packaging Board Business for $285m
Jun 20, 2016Nippon Paper Industries has signed an agreement with US based timber company Weyerhaeuser to acquire liquid packaging board business for $285m in cash. Under the terms of the deal, Nippon Paper will acquire Weyerhaeuser's mill located in ...
Tags: packaging board, Paper Industries
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Muller Plans to Invest £15m in Fresh Milk Dairy at Bellshill, Scotland
Apr 5, 2016Muller Milk & Ingredients is planning to invest £15m in the next three years in Scottish fresh milk dairy at Bellshill as part of its strategic review of Scottish dairies. The investment is intended to improve operational ...
Tags: Muller&Ingredients, Investment, Fresh Milk Dairy, Bellshill
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Lombok Explores Sale
Mar 16, 2016According to market sources, independent multichannel retailer Lombok, best known for its exotic, colonial-styled furniture, is currently exploring the possibility of a sale, with the aim of funding a series of ambitious growth plans. ...
Tags: Multichannel retailer, Lombok, Furniture, Sale
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First Milk to Sell Glenfield Dairy to Graham’s The Family Dairy
Dec 2, 2015First Milk has agreed to sell its Glenfield Dairy business to Graham's The Family Dairy. The financial details of the transaction have not been disclosed. The Glenfield Dairy sale is intended to allow First Milk to focus on its hard ...
Tags: First Milk, Glenfield Dairy, Family Dairy
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Dairy Innovation Australia Sells Culture Production and Strain Collection Unit to Chr. Hansen
Oct 15, 2015Dairy Innovation Australia Limited (DIAL) has announced the sale of DIAL culture production unit and strain collection to Danish biotechnology company Chr. Hansen A/S and its Australian subsidiary. The sale of the unit is in line with the ...
Tags: dairy, food, beverage, fermentation technology
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Thule Group Divests Snow Chain Business
Sep 16, 2015Thule Group divested its Snow Chain business Wednesday in order to tighten its focus on driving growth in its core Outdoor & Bags segment, which makes everything from car racks to backpacks, and cases for consumer electronics. Thule Group ...
Tags: Thule Group, Outdoor, Bags