DowDuPont: Provides First Quarter 2019 Update
Wilmington / DE. (ddp) DowDuPont Inc. is providing expected divisional results for the first quarter of 2019. The company expects to report total company results in line with the guidance provided on March 28 and is now providing additional detail regarding expected results at the division level...
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VMS: Unilever to Acquire «Olly» Nutrition
London, UK / Rotterdam, NL. (ul) Unilever PLC announced that it has signed an agreement to acquire «Olly» Nutrition, a premium U.S.-based wellbeing business in the vitamins, minerals, and supplements (VMS) category. Based in San Francisco, California (U.S.), «Olly» Nutrition was co-founded in 2014...
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Coty Inc.: JAB Consumer Fund extends offering period
Luxembourg / LU. (jab) JAB Holding Company,, a global investment firm focused on long-term investing in premium consumer goods and services brands, announced that its affiliate (JAB Consumer Fund) has extended the offering period of its previously announced tender offer for up to 150 million...
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Campbell: sells Bolthouse Farms to Butterfly Equity
Camden / NJ. (csc) Campbell Soup Company announced that it has signed a definitive agreement for the sale of Bolthouse Farms to an affiliate of Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, for USD 510 million, subject to customary purchase price adjustments.
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Edita Food Industries: Reports FY2018 Earnings
Cairo / EG. (ef) Edita Food Industries S.A.E., a leader in the Egyptian packaged snack food market, delivers a strong 24.1 percent increase in FY2018 revenues to EGP 3.8 billion as volumes continue to grow along with improved profitability; net profit for the year was up 43.3 percent to EGP...
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Wessanen: Consortium Acquires Group for 885 million EUR
Amsterdam / NL. (wnv) Koninklijke Wessanen N.V. and a Consortium consisting of PAI Partners SAS and Charles Jobson are pleased to announce that a conditional agreement has been reached on a recommended public offer to be made by the Consortium for the entire issued and...
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Barilla: Celebrates 65 Million USD Expansion in Iowa
Parma / IT. (bg) Barilla Group, the Italian family-owned food company, celebrated the expansion of its pasta plant and integrated durum mill located in Ames, Iowa (U.S.). This expansion brings the facility’s production capacity to 200,000 metric tons of dry pasta per year. Barilla executives including...
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Nestle S.A.: launches R+D Accelerator in Lausanne
Vevey / CH. (nsa) Swiss Nestle S.A. announced the creation of the Nestle R+D Accelerator based in Lausanne, Switzerland. The accelerator brings together Nestle scientists, students and start-ups to advance science and technology with the objective to accelerate the development of innovative...
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CP Kelco: Announces Plan to Build New Innovation Center
Atlanta / GA. (cpk) CP Kelco, a leading global producer of nature-based ingredient solutions, today announced plans to build a new Innovation Center in Atlanta, Georgia to serve global customers. The new center is slated to open in third quarter 2020. «The decision to establish a world-class...
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Innit LLC: Unveils Personalized Shoppable Recipes
Redwood / CA. (isk) Innit LLC, a leading smart kitchen platform, unveiled a powerful new e-commerce capability that lets consumers move from inspiration to the right grocery items in a single click. Innit’s Personalized Shoppable Recipes can create a customizable meal kit consisting of ingredients based...
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