Cosmetic industry news : Kao USA, a subsidiary of Japanese cosmetics company Kao Corporation has agreed to acquire beauty and hair care products manufacturer Oribe Hair Care for an undisclosed price, to expand its Kao Salon Division’s brand portfolio. The sellers of Oribe Hair Care include Luxury Brand Partners, a manufacturer of beauty brands. Oribe […]
In a strategic move to broaden its pharmaceutical offerings, UK-based Mallinckrodt has announced the acquisition of Sucampo Pharmaceuticals, including its commercial and developmental assets, for approximately $1.2 billion. This acquisition also involves the assumption of $360 million of Sucampo’s debt, signaling a significant investment by Mallinckrodt into expanding its specialty pharmaceutical and rare disease sectors. […]
Food processing industry news : Lamb Weston will invest $250 million to expand its operations of its potato processing plant in Hermiston, Oregon, in a move to grow its french fry processing capacity in North America. In this regard, the Idaho-based potato processing company will be adding a new french fry processing line that will […]
Food acquisition news : Finland-based Raisio has struck a deal to sell its confectionery business for EUR 77 million to Valeo Foods, an Irish producer of branded food and beverage products. The transaction is being done by Raisio to focus on its well-being brands. As part of it, Valeo Foods will be acquiring six confectionery […]
Drinks acquisition news : Vietnam Beverage, a subsidiary of Thai Beverage (ThaiBev), arguably the largest beverage company in Thailand has won a bid to acquire a stake of 54% in Vietnamese state-owned brewer Saigon Beer Alcohol Beverage Joint Stock Corp (Sabeco) for a sum of SGD 6.5 billion ($4.8 billion). Vietnam Beverage is the domestic […]
China retail industry news : UK toy retailer Hamleys has opened a new store in Beijing, which is its third toy store in China and its largest store worldwide. The new Hamleys toy store in Beijing is located in Wangfujing, considered to be a popular shopping street in China. According to Hamleys, its 10,700sqm Beijing […]
Herschey acquisition of Amplify Snack Brands : US chocolate manufacturer The Hershey Company is set to broaden its savory snacking brand portfolio with the acquisition of Skinny Pop Popcorn manufacturer Amplify Snack Brands in a $1.6 billion deal. The US chocolate manufacturer will also assume Amplify Snack Brands’ net debt of about $600 million, reported […]
Roche Pharmaceuticals, a prominent Swiss pharmaceutical company, has entered into a definitive merger agreement to acquire Ignyta, a U.S. cancer drug maker, for $1.7 billion in an all-cash transaction. This acquisition, priced at $27 per share, significantly bolsters Roche’s oncology portfolio by adding advanced gene therapy-based cancer drugs that are in the early stages of […]
Food acquisition news : American canned soup producer Campbell Soup has struck a deal to acquire salty snacks manufacturer Snyder’s-Lance for $4.87 billion in a move to grow its snacking product range. In this regard, Campbell Soup will offer $50 to the shareholders of Snyder’s-Lance for each of the share they own in the salty […]
Maaza Gold launch news : Coca-Cola India has launched a new variant of its popular mango beverage Maaza through Maaza Gold which it claims is a premium mango drink prepared from the highest quality mangoes. Maaza Gold is said to have a richer and smoother taste than Maaza, which was launched in the 1970s. According […]