Lanxess, a US-based specialty chemicals company, has signed an agreement to sell its chrome chemicals business Lanxess CISA to Chinese leather chemicals producer Brother Enterprises for €83.05 million ($93.06 million). The chrome chemicals business, which belongs to the Lanxess Leather business unit, generates annual sales of around €100 million. Brother Enterprises will acquire Lanxess’s two […]
Pepsico acquisition of Pioneer Foods: US drinks and snacks group PepsiCo has signed an agreement to buy South African food producer Pioneer Foods for $1.7 billion in cash to expand its presence in the African continent. PepsiCo to expand in Africa through Pioneer Foods Pioneer Foods, which is one of the largest producers and distributors […]
BOS Brands, a South African ready-to-drink organic iced teas maker, has introduced a new unsweetened sparkling tea under the Sparkling Unsweetened Iced Teas brand for sugar conscious customers in the US. BOS Sparkling Unsweetened Iced Teas can be purchased through the company’s website, Amazon and other retailers throughout the West Coast where the Classic BOS […]
Solar industry news : African Infrastructure Investment Managers (AIIM) has given contracts to Germany-based renewable energy company Juwi Renewable Energies, worth ZAR 3 billion ($210 million) to construct and operate three solar power plants in South Africa, with a combined capacity of 250MW. The contracts bagged by Juwi Renewable Energies in this regard are for […]
Wind industry news : Siemens Gamesa has won a turbine supply order for two new wind farms in South Africa – the 140MW Kangnas wind farm and the 110MW Perdekraal East wind farm, which are being developed by a consortium led by Irish firm Mainstream Renewable Power. 250MW Wind Farms in South Africa to Be […]
Food acquisition news : ESS-Food, a subsidiary of Danish food processing company Danish Crown, has struck an agreement to acquire a stake of 70% in South African foodservice company Overberg Food Distributors. The financial terms of the deal were not disclosed by the parties. Headquartered in Cape Town, Overberg Food Distributors buys, stores, sells and […]