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the Board of Directors
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Diageo Seeks to Raise Stake in China's Sichuan Shuijingfang
Jun 29, 2018UK-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 ...
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Bobst Group Reports Increased Sales Performance in 2017
Mar 7, 2018Bobst 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
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Bright Blue to Buy Greencore's UK Cakes and Desserts Business
Feb 8, 2018Bright 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
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Volvo's Parent Firm Geely to Buy Us Flying-Car Startup Terrafugia
Nov 16, 2017Zhejiang 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 ...
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Saputo to Acquire Australian Dairy Firm Murray Goulburn for $1bn
Oct 31, 2017Canadian 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
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Pilgrim's Pride to Buy UK Poultry Processor Moy Park From JBS for $1.3bn
Sep 13, 2017Chicken 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
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AB InBev to Merge Russia and Ukraine Businesses with Anadolu Efes
Aug 14, 2017Anheuser-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. ...
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Conner Industries Secures $10m in Growth Capital
Aug 4, 2017Conner Industries, a provider of integrated packaging solutions, has received from existing investors additional growth capital which, when added to the investment made in April 2017, totals $10m. The capital infusion will be used for ...
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Mattel Enjoys Sales Spike in Q217 Financial Results
Jul 31, 2017Mattel has enjoyed a spike in net sales in its second quarter 2017 financial results. The firm reported that net sales were up by two per cent as reported and up by three per cent in constant currency, versus the prior year's second ...
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International Paper Elects Christopher Connor to Board
Jul 18, 2017Renewable fiber-based packaging, pulp and paper products producer International Paper has elected Christopher Connor to its board of directors effective 1 October 2017. Mr. Connor, age 61, retired as Executive Chairman of The ...
Tags: packaging, paper products
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Schweiter Technologies Sells SSM Textile Machinery Division to Rieter
Jul 11, 2017Schweiter Technologies AG has come to an agreement with the Swiss Rieter Group on the sale of all shares in the SSM Textile Machinery division and has executed the transaction simultaneously. SSM Textile Machinery (www.ssm.ch) is a ...
Tags: Schweiter, Textile Machinery
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Nestle Buys Minority Stake in US Prepared Meals Producer Freshly
Jun 21, 2017Nestlé USA has forayed into the direct-to-consumer (DTC) prepared meals business by acquiring a minority stake in Freshly. The Nestle subsidiary was the leading investor in a $77m funding round in the DTC healthy prepared meals ...
Tags: Nestle, Prepared Meals
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Campbell Soup Invests in E-Commerce Meal Marketplace Chef'd
May 26, 2017Campbell Soup has invested $10m in Chef'd, the US online meal-kit business, to expand its e-commerce capabilities. The investment which is part of a Series B funding round makes the New Jersey-based canned soup producer the largest ...
Tags: Campbell Soup, meal
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Edward M. Philip Appointed as Lead Independent Director at Hasbro
May 22, 2017Philip succeeds Basil L. Anderson, who has retired from his position on the Hasbro Board of Directors. Hasbro's board of directors has experienced a reshuffle as Edward M. Philip appointed as lead independent director. He succeeds Basil ...
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Rupari Food to Divest Most Assets to Carl Buddig Subsidiary
Apr 12, 2017Barbequed meats manufacturer Rupari Food Services has agreed to divest almost all of its assets to a subsidiary of Carl Buddig and Company. The sale of the company is a natural next step for Rupari Food Services, who had been seeking a ...
Tags: Rupari Food, meats
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