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businessnewstoday February 10, 2018

PSA buys controlling stake in Chinese auto spare parts distributor Jian Xin

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 […]

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businessnewstoday February 10, 2018

Arla Foods to acquire British organic dairy brand Yeo Valley Dairies

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 […]

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businessnewstoday February 7, 2018

UK’s EG Group to acquire Kroger convenience store business for $2.15bn

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, […]

The post UK’s EG Group to acquire Kroger convenience store business for $2.15bn appeared first on Business News Today.

businessnewstoday February 7, 2018

Del Monte to acquire Mann Packing for $361m

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 […]

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businessnewstoday February 6, 2018

CNOOC and partners begin production from Stampede oil and gas project

Oil and gas news : China National Offshore Oil Corporation (CNOOC) and its partners have achieved production from the $6 billion worth Stampede oil and gas project, located in the deepwater US Gulf of Mexico. The Stampede oil and gas field is located about 185 kilometres south of Fourchon in Louisiana. The offshore field is […]

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businessnewstoday February 6, 2018

Conagra Brands acquires Sandwich Bros. of Wisconsin business

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 […]

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businessnewstoday February 5, 2018

AGL Energy breaks ground on Barker Inlet Power Station in South Australia

AGL Energy has broken ground on its AUD295 million ($234 million) Barker Inlet Power Station, a gas fired power plant with a capacity of 210MW, located in South Australia. The new gas fired power plant of the Australian energy company is coming up on Torrens Island near Adelaide alongside the historic 1.28GW Torrens Island Power […]

The post AGL Energy breaks ground on Barker Inlet Power Station in South Australia appeared first on Business News Today.

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businessnewstoday February 5, 2018

Orkla acquires Danish bakery company Struer Brod

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 […]

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businessnewstoday February 4, 2018

Enterprise Products, Navigator Gas to build ethylene export terminal in US

US midstream company Enterprise Products Partners and Navigator Gas, a UK gas shipping company will jointly construct a new ethylene export terminal along the US Gulf Coast. The two companies have formed an equally owned joint venture for this purpose. Enterprise Products Partners says that the new US ethylene export terminal will be able to […]

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businessnewstoday February 4, 2018

Valvoline opens new Valvoline Instant Oil Change service center in Richmond

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. […]

The post Valvoline opens new Valvoline Instant Oil Change service center in Richmond appeared first on Business News Today.

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