Japanese instant noodle maker Nissin Foods has agreed to buy a 17.27 percent stake in Premier Foods from an existing shareholder, the British company said on Thursday.
The announcement comes a day after Premier said it had rejected two takeover approaches from U.S. spices maker McCormick. McCormick has until April 20 to make a firm offer.
Premier and Nissin are seeking to finalize the terms of a relationship agreement that is conditional on Premier no longer being in an offer period.
By Martinne Geller in London
Two Tetra Pak production sites in Europe are now certified to produce packaging with recycled polyethylene (rPE) polymers, according to the Roundtable on Sustainable Biomaterials (RSB) Chain of Custody mass balance attribution method.
Cargill has appointed Brian Sikes as its chief operating officer (COO), a role in which he will also serve as a management director on the company’s board.
Heineken has reached an agreement with The Coca-Cola Company and the Coca-Cola System in Brazil to redesign their long-standing distribution partnership in the country.