Latest News

Bimbo enters Indian market with acquisition of Ready Roti

May 26, 2017

Grupo Bimbo S.A.B. de C.V. has acquired a 65% stake in Ready Roti India Private Ltd., a New Delhi, India-based maker of bread, pizza bases, and sweet and savory buns. Financial terms of the acquisition were not disclosed. Ready Roti operates four plants, has more..

Gottlieb ends FDA hiring freeze, lays out R&D priorities

May 26, 2017

Scott Gottlieb, M.D., has ended the hiring freeze President Donald Trump imposed on the FDA. The action means FDA commissioner Gottlieb can fill vacancies to shape an agency capable of enacting his plans for how safety and efficacy information are gathered during development. Trump imposed..

Another top Biogen executive stepping down

May 26, 2017

Biogen, the state’s largest local drug company by market cap and headcount, is about to lose yet another top executive. Kenneth DiPietro plans to step down as executive vice president of human resources tomorrow, a spokesman for the Cambridge drugmaker told the Boston Business Journal..

Lancaster Colony names David Ciesinski CEO

May 26, 2017

The Board of Directors of Lancaster Colony Corporation has appointed David A. Ciesinski as CEO and principal executive officer effective July 1, 2017. Mr. Ciesinski will also join the Company’s Board of Directors effective that same date. John B. (“Jay”) Gerlach, Jr., the Company’s current..

PPG to sell rest of it fiberglass operations

May 26, 2017

PPG Industries Inc. announced Friday a deal to sell its remaining fiberglass operations to Nippon Electric Glass Ltd. 5214, -1.31% and expects proceeds of $545 million. The paints, coatings and materials company said the deal is expected to close in the second half of 2017…

Dawn and Dunbia announce UK joint venture ahead of Brexit

May 25, 2017

Dawn Meats has entered into a strategic partnership with rival Dunbia, which will see the establishment of a joint venture in the UK, comprising the UK operations of both organisations. The tie-up, which is subject to regulatory approval, will also see Dawn Meats acquire Dunbia’s..

Lavazza acquires Kicking Horse Coffee

May 25, 2017

Lavazza Group, an Italian roaster operating in more than 90 countries, has purchased an 80% stake in Kicking Horse Coffee, Ltd. from private-equity fund Swander Pace Capital. Founded in 1996, Kicking Horse Coffee, is a Canadian maker of organic and fair-trade coffee for the Canadian..

Four more Alexion execs exit

May 25, 2017

Alexion has announced that four members of the company’s C-suite team are set to leave the company, following an internal investigation into sales practices. Chief financial officer Dave Anderson is among the casualties, who while just joining the company this past December is set to..

Loeb sees $20 billion more value from Dow-DuPont merger

May 25, 2017

Activist investor Daniel Loeb’s Third Point LLC said Dow Chemical and DuPont could unlock $20 billion in additional value by tweaking their plan to split into three companies following their merger. Dow and DuPont plan to split into agriculture, specialty chemicals and materials companies after..

Ausnutria acquires Victorian dairy manufacturer ADP

May 25, 2017

Hong Kong dairy company Ausnutria has announced the start of its acquisition of Victorian dairy manufacturer Australian Dairy Park (ADP). Once the acquisition is complete, Ausnutria will hold all the business of ADP, including the manufacturing, packaging and sale of dairy and milk powder products..