Sector News

S.Africa’s Oceana Group to acquire U.S. Daybrook Fisheries

May 21, 2015
Consumer Packaged Goods
(Reuters) – South African fishing firm Oceana Group said on Tuesday it will acquire the entire share capital of U.S. based Daybrook Fisheries for $382.3 million, sending its stock higher.
 
Louisiana-based Daybrook Fisheries is a private company that harvests the small, oily fish Gulf Menhaden and processes its catch into fishmeal and fish oil.
 
Oceana’s shares rose after the announcement and were up 1.08 percent at 0941 GMT.
 
(Reporting by TJ Strydom; Editing by James Macharia)

comments closed

Related News

December 3, 2023

‘Hangover Beauty’ tipped to be top trend in 2024 – WGSN

Consumer Packaged Goods

A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.

December 3, 2023

Diageo transforming Captain Morgan and Smirnoff distribution with circular packaging strategy

Consumer Packaged Goods

The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.

December 3, 2023

Unilever CEO: We will stop ‘force fitting’ purpose to our brands

Consumer Packaged Goods

Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.

How can we help you?

We're easy to reach