Campbell Soup announces plans to sell international fresh food businesses

USA - Campbell Soup Company, has announced significant actions to sell its international fresh food businesses to focus and improve the company’s portfolio, and that the proceeds will be used to significantly reduce debt. According to the company, it is selling its non-core businesses as part of its Board-led strategy and portfolio review to improve…

Tata Global Beverages to exit loss-making subsidiaries

INDIA - The Kolkata based multinational non-alcoholic beverages company, Tata Global Beverages Ltd has announced that it would exit loss-making subsidiaries but has plans to maintain subsidiaries in certain locations due to legal issues, according to an article by ET Retail. The company told shareholders at the annual general meeting that it was focusing on…

HOCHDORF to divest Lithuania milk plant Baltic Milk UAB

SWITZERLAND - The HOCHDORF Group, the producer of natural ingredients such as milk, wheat germ and oil seeds, is parting company with HOCHDORF Baltic Milk UAB. The HOCHDORF Baltic Milk UAB milk plant, which is being taken over by an investment group, was the HOCHDORF Group's first milk plant in the European Union. The sale will take place retroactively to the end of May.…

DuPont divests its alginates business to JRS Group

USA - DuPont has received approval from the European Commission (EC) to divest its alginates business to JRS Group, a manufacturer of functional additives from plant-based raw materials. The divestiture, expected to close in the third quarter 2018 was a requirement set by the EC for its proposed acquisition of FMC’s Health & Nutrition (H&N)…

Bayer-Monsanto bid gets another nod from US Justice Department

USA - Bayer, the German multinational’s US$60 billion bid to acquire Monsanto has received an approval from the US Justice Department after both the companies made divestments to meet anti-trust requirements. The deal between the two forms one of the largest integrated pesticides and seeds company, a sector that has seen robust growth, coupled with…