French electronic toys manufacturer KD Interactive, which is known for its range of Kurio tablets and smartwatches, is set to launch a new social robot named as My Loopy for kids, aged four and over, that can teach STEM (science, technology, engineering and math) concepts. The new three-inch tall social robot My Loopy, which will […]
Food acquisition news : Florida-based Affinity Beverage Group has acquired Artisanal Edge, the owner of New York-based Jawea dairy-free frozen desserts for an undisclosed price. Launched in late 2015, Jawea is a range of all natural, vegan coconut-based ice cream that is free from gluten and soy. The Jawea ice cream range is available currently […]
Retail acquisition news : State-controlled Russian bank VTB Group has agreed to buy out a 29.1% stake in Russian supermarket chain Magnit for a sum of nearly RUB 138 billion ($2.45 billion) from its owner and founder Sergei Galitsky. Established in 1994, Magnit has emerged as a leading Russian food retailer with a total of […]
Roche, the Swiss pharmaceutical giant, has announced its plans to fully acquire Flatiron Health, a leading oncology software company, for $1.9 billion. This strategic move aims to fast-track the development of cancer treatments by leveraging Flatiron Health’s advanced data analytics and electronic health records software. Strategic Expansion in Oncology The acquisition marks a significant step […]
In a strategic move to bolster its position in the pharmaceutical research sector, Charles River Laboratories International, Inc. has agreed to acquire Michigan-based non-clinical contract research organization (CRO), MPI Research, for approximately $800 million. This acquisition is set to enhance Charles River’s capabilities in early-stage drug development and expand its service offerings across the biopharma […]
Food acquisition news : Polish meat company Sokolow Group, a subsidiary of Danish Crown will acquire its rival Gzella Meat Group for an undisclosed price. Also based in Poland, Gzella Meat is one of the top meat producers in the northern region of the country. According to Danish Crown, Sokolow acquisition of Gzella Meat will […]
Food ingredient news : US-based Sensient Technologies has agreed to buy Peruvian natural food ingredient company GlobeNatural’s natural color business for an undisclosed price. Sensient Technologies, which manufactures colors, flavors and fragrances, expects the acquisition to strengthen its ‘Seed to Shelf’ strategy. Post-acquisition, it will rename the GlobeNatural’s natural color business to Sensient Natural Colors […]
2 Sisters job losses : Chicken King Ranjit Boparan’s poultry processing company 2 Sisters Food Group has revealed plans to close three of its poultry plants across the UK, leaving 900 jobs at risk. According to the latest poultry industry news, the three poultry processing plants to be closed are the 2 Sisters Smethwick plant […]
Food acquisition news : Unilever has revealed that German food manufacturer Dr. Oetker has made a binding offer to buy its Alsa baking and dessert business for an undisclosed price. Asla, which was acquired by Unilever in 2010, manufactures flan mixes and baking powder among other products. Unilever revealed that the transaction with Dr. Oetker […]
Food acquisition news : Food and beverage giant Nestle has bought a majority stake in a Latin American organic food company Terrafertil, a producer of plant-based foods and healthy snacks for an undisclosed price. Nestle Acquisition of Terrafertil Stake Nestle acquisition of Terrafertil stake is expected to expand the former’s footprint in a fast-growing segment […]