Tyson Foods has agreed to buy Ohio-based sandwich producer AdvancePierre Foods for about $3.2bn. The acquisition will expand Tyson Foods' portfolio of prepared foods and protein-packed brands. A subsidiary of Tyson Foods will offer to ...
Tags: Tyson Foods, Sandwich
TreeHouse Foods has agreed to sell its Soup and Infant Feeding (SIF) business to Riverbend Foods, a newly founded portfolio company of Insight Equity. The SIF business is based in Pittsburgh, Pa. and is a leading manufacturer of private ...
Tags: TreeHouse, Infant Feeding
LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA and Xiamen-based San’an Optoelectronics Co Ltd (China's largest producer of full-color ultra-high-brightness LED epiwafers and chips) are forming a joint venture ...
Cree, Inc. on Tuesday reported financial results for its third quarter of fiscal 2017, ended March 26, 2017, which missed Wall Street expectations. Shares of Cree declined over 7% in after-hours trade. Revenue for the quarter was ...
Tags: Cree, LED Products
Supply of LED chips produced by China- and Taiwan-based makers has been tight and the situation will remain until the third quarter of 2017 when major China makers ramp up their new production capacity, according to China-based LED ...
Tags: LED chips, LED device
Cosmo Films has unveiled plans to install a new production line at its Waluj plant site in Aurangabad, located in the Indian state of Maharashtra. Cosmo Films will invest up to Rs250crores ($37m) to build the new production line, which ...
Tags: Cosmo Films, polyester
In view of fast growing demand for LED automotive lighting in the China market, some Taiwan-based LED packaging service providers and LED automotive lighting module makers have been competing for orders there, according to industry sources. ...
Tags: LED packaging, LED devices
Apple is supposedly planning to release a new generation of the Apple Watch later this year. According to a report by industry news site Digitimes, Apple is working with suppliers to release the “upcoming next-generation Apple ...
Tags: Apple Watch 3, Apple
UK consumers goods company Reckitt Benckiser is weighing strategic options for its food business to help pay down debt after its planned $16.6bn purchase of Mead Johnson. The company is mulling over all options for the food business, ...
Tags: Reckitt Benckiser, Food Business
API Group has invested more than $8.5m in a North American Center of Excellence in Lawrence, Kansas. The project will consolidate API’s decorative holographic and foil manufacturing on the existing site, with the addition of new ...
There has been increasing demand for LTPS (low-temperature poly-Si) TFT-LCD panels from China-based smartphone vendors as supply of AMOLED panels by Samsung Display has been insufficient, according to industry sources. While Samsung ...
Tags: LCD Panel, Smartphone
Jindal Films Europe, a leading manufacturer of specialty biaxially oriented polypropylene (BOPP) films, has announced that it will increase extrusion capabilities at its Virton site in Belgium. This expansion represents the next phase of ...
Tags: Jindal Films, BOPP Line
Swedish confectionery and nuts firm Cloetta has agreed to acquire Candyking, a concept supplier of pick and mix candy in the Nordic countries and the UK. The acquisition strengthens Cloetta’s position within pick and mix and creates ...
Lenovo has announced results for its third fiscal quarter ended December 31, 2016. Quarterly revenues were US$12.2 billion, a 6% decrease year-on-year. Third quarter pre-tax income was US$101 million, a 68% decline year-on-year. Net income ...
Tags: Lenovo, smart devices
KapStone Paper and Packaging reported preliminary results for the fourth quarter and year ended December 31, 2016. As compared to 2015's fourth quarter, results for 2016's fourth quarter: Net sales of $777 million, up $13 million, or 2 ...
Tags: KapStone Paper, Packaging