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)…

Pioneer Foods bid to acquire Heinz Food SA approved albeit conditionally

SOUTH AFRICA - The bid by Pioneer Foods to a majority stake in Heinz Food SA has received a greenlight from South Africa's Competition Commission on condition that no jobs are lost as a result of the merger. The commission elaborated that the deal would impact on employment thus the companies were required not to…

Domino’s unveils pizza delivery ‘hotspots’ amidst competition heat-up

USA - Domino’s Pizza Inc, the American pizza restaurant chain has stepped up its pizza delivery system with new delivery ‘hotspots’, giving consumers convenience of picking up their products at set-off points. The initiative allows customers to find the pick-up points with the location services on their smartphones, opening new sales opportunities for the company.…

Renaissance BioScience partners with Mitacs for US$1.44m research project

CANADA - Renaissance BioScience, a global leader in proprietary yeast-based technology solutions has announced a US$1.44 million research and development project in partnership with Mitacs, a research and training organisation. The project, equally funded by the two companies supports the development of next-generation, systematic tools and methods for expanding, screening and selecting biodiversity in non-GMO…

Fonterra partners with Apollo Foods in new technology to boost beverage market

NEW ZEALAND - Fonterra and Apollo Foods, an innovative start-up company have partnered to launch a new technology capable of running dairy and fruit beverages to boost the beverage industry in New Zealand. They have collaborated to install an innovative beverage filling technology that allows production of different containers on site and fill them with…

McCain Foods completes its investment in the Canadian TruLeaf business

CANADA - McCain Foods Limited, a global leader in appetizers and snacks, has completed a strategic investment in TruLeaf Sustainable Agriculture, a highly innovative Canadian agricultural technology company. TruLeaf has developed proprietary indoor vertical farming technology to grow fresh and nutritious leafy greens of high quality and flavour, in an environmentally sustainable way, 365 days…

Accor SA acquires 50% stake in Mantis Group to expand into African hotel market

SOUTH AFRICA - Accor SA, the French multinational hotel group has expanded its reach into the African continent by acquiring a 50% stake in the South African- based Mantis Group, according to Business Report. Mantis group, traded under the name, Mantis Collection is an exclusive collection of privately owned, award-wining, star properties all around the…

Budweiser and Jim Beam form partnership for a new bourbon brew

NEW YORK – Budweiser, an American-style pale lager produced by AB InBev, and Jim Beam, a brand of bourbon whiskey have joined in a strategic partnership to produce a specialty bourbon brew as part of their new marketing collaboration. According to the all-American pair, it will introduce a new taste of history to beer and…

GSK reaches an agreement with Norvatis for its 36.5% buyout stake

UK - GlaxoSmithKline plc, a a British pharmaceutical company has announced that it has reached an agreement with Novartis for the buyout of Novartis’ 36.5% stake in their Consumer Healthcare Joint Venture for US$13 billion. Norvatis, a Swiss multinational pharmaceutical company based in Basel, Switzerland said the joint venture was formed as part of the…

Kice Industries and Sangati Berga sign US, Canada distribution deal

BRAZIL - Kice Industries Inc., the American company that designs complete industrial air systems and builds equipment and Brazilian grains industry equipment provider Sangati Berga have announced the signing of an agreement to form a strategic alliance between the two companies. Sangati Berga deals with production and commercialization of machinery and installations, cereal processing, animal…