The companies have also agreed for Uber to purchase $300 million in newly issued ordinary shares of Delivery Hero Uber Technologies, Inc and Delivery Hero SE have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash. The acquisition of foodpanda[Read More…]
Finance
Japan’s Nissui acquires Musashino Foods
The company has been expanding its business by focusing on frozen-sliced sushi products Nissui Co., Ltd., a company based in Minato-ku, Tokyo, has announced that it has acquired Musashino Foods Co., Ltd. The latter, which specialises in producing processed seafood products for raw consumption, will serve as Nissui Group’s production[Read More…]
Lankan firm to get control of Lipton tea estates in Kenya, Rwanda, and Tanzania
The two companies will raise tea quality globally and accelerate the application of responsible farming methods across the industry to drive sustainable growth LIPTON Teas and Infusions announced it has agreed terms of a partnership which will result in the transfer of its tea estates in Kenya, Rwanda, and Tanzania[Read More…]
Bellwether Coffee partners with Kijeong International to expand Korea
An innovator in electric coffee roasting addresses growing demand for onsite roasting with lower cost System that reduces the carbon footprint Bellwether Coffee, the technology company transforming retailers into sustainable on-site roasters, is announcing its partnership with Kijeong International to bring to South Korea the first-ever compact, ventless commercial roaster for less than the[Read More…]
Ardagh Glass Packaging-Europe buys Swedish glass recycler SGA
This purchase also ensures that glass collected in Sweden is retained within the country for use in glass packaging production and is not exported for processing outside Sweden for other industry applications Ardagh Glass Packaging-Europe (AGP-Europe), an operating business of Ardagh Group, announces that it has agreed to buy the world-leading[Read More…]
Vector Consumer announces acquisition of Dose & Co
Dose & Co is a collagen supplement brand from the ZURU Edge stable Vector Consumer Ltd has taken a significant stride towards expanding its presence in the collagen market with its latest acquisition, Dose & Co. This move swiftly follows another successful acquisition, the Pura Collagen brand. With the global collagen[Read More…]
MingZhu Logistics to acquire Mingfu Liquor in China
The proposed acquisition represents a further expansion of MingZhu’s premium liquor services business MingZhu Logistics Holdings Limited, an elite provider of logistics and transportation services to businesses, announced it has entered into a non-binding memorandum of understanding to acquire Xiamen Mingfu Liquor Industry Co., Ltd., a China-based distributor of Baijiu. The[Read More…]
Plukon Food Group acquires Spanish poultry processor Sambau
By using mutual knowledge and capacity, the companies will further strengthen each other in building new growth and possibilities for the customers in the region of Madrid Plukon Food Group (Plukon) and Sambau S.A. (Sambau) announced that Plukon has acquired 100 per cent of the shares of Sambau, a distributor[Read More…]
Woodland Foods announces strategic acquisition of Idan Foods
Adds breading, batter, and coating systems capabilities to the solutions portfolio Woodland Foods (Woodland) a provider of globally-sourced, plant-based ingredients based in Waukegan, IL, is pleased to announce that it has acquired Idan Foods (Idan), a provider of breading and batters, coating systems, baking mixes, and seasonings based in Hawthorne, NJ. The Idan[Read More…]
Emmi acquires majority stake in Verde Campo in Brazil
Brazil, a strategic key market for Emmi, is the largest market for dairy products in Latin America Laticínios Porto Alegre, Emmi Group’s Brazilian subsidiary, is to acquire a majority shareholding in the Verde Campo dairy from Coca-Cola in the state of Minas Gerais. The move consolidates Emmi’s market position in[Read More…]