Valvoline, a global supplier of branded lubricants and automotive services, has launched a new product in the form of Valvoline Modern Engine Full Synthetic Motor Oil, which is precisely engineered to provide protection against build-up of carbon in Gasoline Direct Injection (GDI), turbo and other engines manufactured from 2012. The company says that engines in […]
Food business news : California-based meal kit delivery company Sun Basket has raised $42.8 million in new funding through a Series D investment round led by venture capital firm August Capital in its efforts to become the “Netflix of Food”. Sun Basket calls itself as a healthy meal kit service which provides its subscribed members […]
Rocky Mountain Oils, a US-based manufacturer of natural essential oils, has launched a new range of all-natural personal and home care products, under the Ava Shield brand. The company claims that the Ava Shield product range is infused with essential oils and is made without using any harsh chemicals. Rocky Mountain Oils has launched Ava […]
Food acquisition news : Spanish food company Ebro Foods through its subsidiaries Panzani and Pastificio Lucio Garofalo has agreed to buy a majority stake of 70% in Italian pasta manufacturer Bertagni 1882 for €130 million. Bertagni, which is considered to be the oldest filled pasta brand in Italy and a fresh pasta manufacturer, maintains production […]
Sanofi has announced a definitive agreement to acquire Bioverativ, a US biotechnology company specializing in the treatment of hemophilia and other rare blood disorders, for approximately $11.6 billion. The all-cash transaction will involve Sanofi purchasing all outstanding shares of Bioverativ at $105 per share, marking a significant expansion of Sanofi’s presence in specialty care and […]
Cosmetic industry news : Missouri-based Edgewell Personal Care Company has struck a deal to buy Jack Black, a men’s skincare brand for an undisclosed price. Jack Black’s portfolio includes skincare, body care, hair care, shaving, fine fragrance and razors. Established in 2000, the Texas-based Jack Black’s products are found in the US and Canada, at […]
Drinks industry news : French drinks company Pernod Ricard’s subsidiary Pernod Ricard USA has taken over full ownership of Avion Spirits by buying out the remaining stake it previously didn’t own from its joint venture partner Tequila Avion for an undisclosed price. In July 2014, Pernod Ricard acquired a majority stake in Avion Spirits, which […]
Food acquisition news : Nomad Foods, a British Virgin Islands-based packaged foods company has struck a €225 million deal to buy the frozen pizza businesses of Boparan Holdings’ Irish firm Green Isle Foods (Goodfella’s Pizza). Boparan Holdings, owned by Chicken King Ranjit Boparan, is the parent company of UK poultry producer 2 Sisters Food Group. It […]
Confectionery industry news : Italian chocolate manufacturer Ferrero has emerged as the buyer of Nestle’s US confectionery business in a $2.8 billion deal. Nestle for some time has been looking to sell its US confectionery business to focus on its core products. Part of the transaction will be more than 20 Nestle US brands that […]
HairSil HairCare Products has announced the relaunch of the HairSil Accelerator brand of hair care products to help consumers wanting to accelerate hair growth or those having the hair loss problem. HairSil Accelerator Hair Care Product Range The HairSil Accelerator product range will feature Shampoo Accelerator, Treatment Serum and Treatment Extra Strength. These hair care […]