Coca Cola HBC acquisition of Lurisia : Coca Cola Hellenic Bottling Company (Coca Cola HBC), a Swiss bottling partner of The Coca‑Cola, has agreed to acquire Lurisia, an Italian natural mineral water and adult sparkling beverages firm, for the total enterprise value of €88 million (US$97 million). The acquisition executed through Coca Cola HBC’s wholly-owned […]
Destination Maternity Scottsdale store opening : Destination Maternity, a US retailer of maternity apparel, will open a new retail store in Scottsdale, Arizona, on Saturday, 21 September. The maternity apparel store is located in the Scottsdale Quarter Mall at 15059 N. Scottsdale Road and will feature wear-to-work options for career moms as well as trend-right […]
Bug Farm Foods, an insect protein company, has developed a new low-fat insect and plant protein VEXo as part of Welsh Government and Innovate UK under the Small Business Research Initiative (SBRI) project. Launched at Ysgol Penrhyn Dewi, a school in St Davids, Wales, VEXo can be used like minced meat while reducing saturated fat […]
Lundbeck acquisition of Alder BioPharmaceuticals : Danish pharma company H. Lundbeck has entered into a definitive agreement to acquire Alder BioPharmaceuticals, a US clinical-stage pharma development company, in a transaction valued at up to $1.95 billion in cash. Alder BioPharmaceuticals is engaged in discovering, development and commercialization of novel therapeutic antibodies for the preventive treatment […]
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Carlton & United Breweries acquisition of Riot Wine : Anheuser-Busch InBev (AB InBev) subsidiary Carlton & United Breweries (CUB) has acquired Australian canned wine company Riot Wine for an undisclosed amount, as per the latest drinks acquisition news. Adelaide-based Riot Wine is said to be the only wine company in the country that sells wine […]
Ethos therapy Varian : Varian, a cancer care technologies developer, has introduced Ethos therapy, an artificial intelligence (AI)-powered personalized cancer care delivery system in radiation oncology, as per the latest medical device news. Ethos therapy, designed to deliver adaptive treatment in a typical 15-minute timeslot, will target the tumor, reduce dose to healthy tissue and […]
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US Foods acquisition of SGA Food Group : Illinois-based US Foods has wrapped up its previously announced $1.8 billion acquisition of rival foodservice distributor SGA’s Food Group of Companies (SGA Food Group) as per the latest food acquisition news. As part of the all-cash deal, announced in July 2018, US Foods acquired five separate operating […]
Blue California, a US ingredient manufacturer and supplier, is set to launch its natural sugar allulose ingredient at large-scale commercialization by the year-end, as per the food ingredient news. Created from natural substrates using a proprietary bioconversion technology, Blue California’s allulose ingredient is a monosaccharide sugar and non-GMO sweetener. Allulose with one-tenth the calories of […]
Future Media, a California-based digital marketing company, has forayed into the direct-to-consumer market by acquiring Oak & Jackal, an Australian watchmaking company, for an undisclosed price. The acquisitions marks the first for Future Media in consumer sales. Commenting on Future Media acquisition of Oak & Jackal, Chase Wimberly – co-founder of Future Media, said: “We are […]
Mallinckrodt sale of BioVectra to H.I.G. Capital : Irish biopharma company Mallinckrodt has agreed to divest its wholly-owned subsidiary BioVectra, a Canadian CDMO (contract development and manufacturing organization) to an affiliate of H.I.G. Capital for nearly US$250 million, as per the latest pharma acquisition news. The transaction amount to be paid by H.I.G. Capital, which is […]
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