French car manufacturer Groupe PSA has purchased a controlling stake in Jian Xin, a Chinese auto spare parts distributor for an undisclosed price, in a move to boost its presence in the Chinese market. The transaction is expected to help Groupe PSA speed up the launch of its aftermarket offering in the China. The Shanghai-based […]
Food acquisition news : Dairy manufacturer Arla Foods has agreed to acquire British organic dairy brand Yeo Valley Dairies from Yeo Valley Group for an undisclosed price, in a move to significantly grow its organic dairy business in the United Kingdom. Arla Foods Acquisition of Yeo Valley Dairies Arla Foods acquisition of Yeo Valley Dairies […]
Retail acquisition news : EG Group, a UK-based petrol forecourt convenience store retailer has made a $2.15 billion deal to foray into the United States by acquiring 762 convenience stores of American supermarket chain Kroger. Since October 2017, Kroger had been looking out for strategic alternatives for its convenience store business, including a possible sale, […]
Food acquisition news : Fresh Del Monte Produce says that Del Monte Fresh Produce N.A., its North America subsidiary has struck a deal to acquire Mann Packing, a California-based supplier of supplier of fresh cut veggies for a sum of $361 million. Mann Packing grows, processes and supplies a wide range of vegetable products across […]
Food acquisition news : US packaged foods company Conagra Brands has acquired the Sandwich Bros. of Wisconsin business, a producer of frozen breakfast and entree flatbread sandwiches for an undisclosed price. Sandwich Bros. offers consumers with on-the-go convenience flatbread pocket sandwiches which are claimed to be filled with proteins like Angus beef, chicken brought up […]
Food acquisition news : Norwegian conglomerate Orkla has purchased Danish bakery company Struer Brod for an undisclosed price through its wholly-owned subsidiary Orkla Foods Sverige. Orkla acquisition of Struer Brod is aimed at bolstering its production capacity in the breakfast segment. Struer Brod manufactures breakfast cereals and breadcrumbs with Orkla being its key customer. The […]
Auto industry news : Valvoline, a branded lubricants and automotive services provider, has opened its new quick-lube center – the Valvoline Instant Oil Change (VIOC) service center in Richmond in the US state of Virginia. The company-owned Valvoline Instant Oil Change service center is the first quick-lube location to open in the metro Richmond market. […]
Retail industry news : Floor & Decor, a flooring retailer offering hard-surface flooring and related accessories has opened a new distribution center in Savannah in the US state of Georgia. The new Floor & Decor distribution center is of 1.4 million square foot area, which has been constructed on a 90-acre site in the Morgan […]
Drinks acquisition news : Keurig Green Mountain, a specialty coffee and coffeemaker company has struck a major deal to acquire US soft drinks company Dr Pepper Snapple Group for $18.7 billion. Keurig Green Mountain acquisition of Dr Pepper Snapple Group The merger deal will create an enlarged beverage company by the name Keurig Dr Pepper […]
Fuel supply and logistics provider Mansfield Energy has acquired the oil and lubricants business assets of Hi-Grade for an undisclosed price, to expand its offering and capabilities in the US state of Ohio. Hi-Grade, which was established in 1924, is headquartered in Sidney, Ohio. The company is a provider of commercial fuels, oils and lubricants. […]