Food acquisition news : Marfrig Global Foods, a leading Brazilian meat company has made a deal of $969 million to acquire a controlling stake of 51% in National Beef Packing, a US beef processing company. Through the deal, the Brazilian meat packing company hopes to establish itself as the second largest beef processor in the […]
Novartis, a Swiss pharmaceutical giant, has confirmed a substantial acquisition of AveXis, a US-based gene therapy company, for a total of $8.7 billion. This strategic move is set to enhance Novartis’s capabilities in gene therapy and neuroscience, particularly in the treatment of spinal muscular atrophy (SMA). Strategic Acquisition in Pharma Under the agreement, Novartis will […]
Retail industry news : A new Amazon fulfillment center in Las Vegas to be constructed shortly in the north part of the resort city will bring more than a thousand full-time jobs in the region. To be developed by VanTrust Real Estate, the new 800,000 square-foot Amazon fulfillment center in Las Vegas will become the […]
Food product launch : Unilever’s US mayonnaise brand Hellmann’s has rolled out its first ketchup product – Hellmann’s REAL Ketchup to retailers across the country. Hellmann’s says that its new ketchup product is made with six ingredients that include tomato puree, honey, spices, white wine vinegar, onion powder, and salt. Honey has been used in […]
Keurig Green Mountain, a US specialty coffee and coffeemaker company has launched a new cold brew coffee product in its Green Mountain Coffee Roasters range in the form of Alpine Roast Cold Brew coffee. The launch of Green Mountain Coffee Roasters Alpine Roast Cold Brew coffee marks the coffee brand’s entry into the cold brew, […]
Confectionery industry news : Nestle has completed its previously announced $2.8 billion sale of its US confectionery business to Italian chocolate manufacturer Ferrero. The Swiss food and beverage giant entered into the deal in January 2018 to sell its US confectionery business in a move to focus on its core products. Through the acquisition, Ferrero […]
Food acquisition news : DAT-Schaub, a subsidiary of global meat processing company Danish Crown is all set to expand its operations in China with the acquisition of a majority stake in Shanghai Natural Casing Company, a natural casings manufacturer, for an undisclosed price. Based in Denmark, DAT-Schaub provides natural and artificial casings and ingredients to […]
Dairy industry news : Danish dairy company Arla Foods will sell its cheese production factory in Sonthofen, Germany to Allgauer Hof-Milch, a German dairy producer for an undisclosed price. Arla Foods revealed that the two companies have inked a letter of intent and will look to wrap up the transaction by the end of next […]
In a major strategic shift, GlaxoSmithKline (GSK) has finalized an agreement to acquire Novartis’ 36.5% stake in their consumer healthcare joint venture for $13 billion. This move comes shortly after GSK withdrew from a $20 billion bid to purchase Pfizer’s consumer healthcare business, indicating a focused realignment of GSK’s investment towards owning 100% of its […]
Retail acquisition news : UK sportswear retailer JD Sports Fashion has made a conditional acquisition agreement to buy US sportswear retailer Finish Line for about $558 million in an all-cash deal, in a move to foray into the largest sportswear market in the world. Under the terms of the JD Sports acquisition of Finish Line, […]