Thums Up Charged launch news : Coca-Cola India is celebrating forty years of the Thums Up cola soft drink brand by launching its first ever variant in Thums Up Charged, a new cola beverage brand which it says will be packed with much more thunder. If Thums Up itself is easily the strongest soft drinks […]
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Energy acquisition news : US oil companies Talos Energy and Stone Energy have reached a deal to combine into an offshore-focused exploration and production company with an enterprise value of $2.5 billion. Texas-based Talos Energy will acquire Stone Energy which is based in Louisiana in what will be an all-stock transaction, as per the latest […]
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Food acquisition news : Norwegian conglomerate Orkla has agreed to acquire Agrimex, a frozen vegetable producer based in the Czech Republic, for an undisclosed price through its wholly-owned subsidiary Hame. The acquisition is to help Hame consolidate its place in the frozen vegetable category, stated Orkla. Hame is a branded food company with business in […]
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Food industry news : Tyson Foods, a leading US meat processing company will build a new chicken production facility in Humboldt in Gibson County, Tennessee with an investment of over $300 million to help the company address the strong consumer demand for its chicken products. Originally, the Tyson Foods poultry production plant was supposed to […]
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Retail acquisition news : E-commerce giant Alibaba Group will invest HK$22.4 billion ($2.87 billion) for an equity stake in Sun Art Retail Group, a Chinese hypermarket chain operator to expand itself in the offline retail industry. Alibaba Group has entered into a strategic alliance with French food retailer Auchan Retail and Taiwanese conglomerate Ruentex Group […]
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Food acquisition news : Ontario Teachers’ Pension Plan has acquired seafood company Atlantic Aqua Farms from San Francisco-based private equity investment firm Encore Consumer Capital for an undisclosed price. Based in Orwell Cove, Prince Edward Island, Atlantic Aqua Farms is the owner of the Canadian Cove brand mussels for more than 25 years. According to […]
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Chemical industry news : Norwegian chemical company Yara has agreed to acquire a fertilzer complex in Cubatao from mining company Vale for an enterprise value of $255 million to establish as a nitrogen producer in Brazil. The transaction is expected to boost the production footprint of Yara besides complementing its existing distribution position. For Vale, […]
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Restaurant industry news : A new Indian restaurant in Denver, in Cherry Creek named as Mehak India’s Aroma is all set to open its doors from 1 December, 2017. Mehak India’s Aroma will be run by two experienced restaurateurs Ganesh Adhikari and Chef MAHA-Dev who will be combining their culinary repertoire for the new Indian […]
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Energy industry news : In the latest news about Siemens job cuts 2017, the industrial manufacturing company has announced its decision to slash close to 7,000 jobs in its global energy operations. The decision it says, is part of a restructuring plan to adapt itself to the decreasing demand for conventional power generation. Based in […]
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Healthcare industry news : Health Abicenna Skin and Laser Clinic, a skincare clinic in Litchfield Park, Arizona has introduced a new erectile dysfunction treatment named as GAINSWave to improve sexual performance in men by solving their penis erection problem. GAINSWave is a noninvasive medical therapy which uses low-intensity shockwave therapy to meet its objective of […]
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