EARI Beverage Group, a spirit and functional drinks manufacturer, has acquired Madre Agave, a US-registered corporation, for an undisclosed amount. The acquisition will offer EARI Beverage Group a cross-category entry into both the wine and spirits categories. Madre Agave is an agave wine produced from Weber Blue Agave and clocks in at 22% alcohol by […]
American Beverage Corporation, a fully-owned subsidiary of Harvest Hill Beverage Company, has acquired Chicago-based Poppilu, a kids’ lemonade brand in the US. The financial terms of the deal were not disclosed. Poppilu is an organic beverage and is available in Original Lemon, Peach lemonade, and Blueberry flavors. Sold in pouches, Poppilu is said to contain […]
The Hershey Co. is planning to construct a new chocolate facility on a 55-acre site near its existing Reese’s manufacturing plant in Derry Township, Pennsylvania to scale its production. The 250,000-square-foot facility will be part of the American chocolate manufacturer’s $1 billion multi-year investment to ramp up its supply chain. The new chocolate factory will […]
The Estée Lauder Companies (ELC), an American cosmetics company, has agreed to acquire the Tom Ford luxury brand and all its intellectual property for a total enterprise value of $2.8 billion. Under the proposed deal, Ermenegildo Zegna Group and Italian eyewear manufacturer Marcolin will enter long-term license agreements for Tom Ford fashion and Tom Ford […]
Orange Cyberdefense, a cybersecurity subsidiary of Orange, has acquired Switzerland-based sister companies SCRT and Telsys, in a move to strengthen its presence in the European cybersecurity market. The financial terms of the deal were not disclosed. SCRT provides cybersecurity services such as managed security services, ethical hacking, consulting, and remediation in case of a cyberattack. […]
The Saudi Agricultural and Livestock Investment Company (SALIC) has agreed to acquire a 9.2% stake in LT Foods, an Indian basmati rice processing company, for a total consideration of approximately SAR 209 million (approximately INR 455.5 crores or $55.6 million). The stake acquisition is being done by the fully-owned subsidiary of the Saudi Public Investment […]
Kimco Realty, a North American open-air and grocery-anchored shopping centers operator, has acquired an open-air grocery anchored portfolio in Long Island, New York for $375.8 million. The acquisition is said to increase Kimco Realty’s footprint in New York’s high barrier-to-entry market. The acquired portfolio includes eight shopping centers, namely The Gardens at Great Neck, The […]
Larsen & Toubro Infotech and Mindtree, technology consulting and digital solutions companies under the Larsen & Toubro Group, will now operate as a merged entity called LTIMindtree with effect from 14 November 2022. The merger of the two independently listed companies as LTIMindtree follows the approval of both Mumbai and Bengaluru Benches of the National […]
United Rentals, a North American equipment rental company, has agreed to acquire Ahern Rentals in an all-cash transaction valued at around $2 billion to expand its presence in the US. The proposed acquisition of the family-owned rival equipment rental company is expected to augment United Rentals’ branches, fleet, and expertise to cater to the customers […]
Continental Hospitals has opened Continental Headache Clinic in Hyderabad to provide complete, multi-disciplinary approach for the management and treatment of headache and migraine in both adults and children. Continental Headache Clinic will consist of neurologists, neurosurgeons, psychiatrists, neuroradiologists, sleep specialists, psychologists, and nutritionists, said the Indian multi-specialty, tertiary, and quaternary care facility. The multi-dimensional approach […]