New York, NY — Lidl, a German discount grocery chain, is opening its first stores in the US with prices up to 50 percent cheaper than local competitors. Lidl has 10,000 locations in 27 countries with another German based chain, Aldi being its top competitor. 20 new stores will open...
Basel, Switzerland — Lonza issued a press release boasting a record first quarter in 2017 in terms of sales and earnings, resulting from the strong performance of its Pharma/Biotech and Specialty Ingredients segments. “Following the record results last year, we have been able to continue our success into 2017. The...
Covington, KY — Ashland Global Holdings Inc. announced in a press release that its subsidiary has signed a definitive agreement to acquire privately owned Pharmachem Laboratories, Inc., based in Kearny, NJ. As part of the terms of the stock purchase agreement, Ashland will pay a $660 million all-cash transaction expected...
Brandenton, FL — HP Ingredients announced in a press release that they have appointed AIDP, based in City of Industry, CA, a licensed distributor of its patented, proprietary extract of Eurycoma Longifolia, LJ100. Validated by 13 clinical trials, LJ100 has been demonstrated to promote energy, male virility/sexual health, reproductive health,...
Washington, D.C. — In July of 2016, Paris, France-based Danone SA announced its intention to acquire Denver, CO-based WhiteWave Foods Co. The firm has finally gained approval to proceed with the $12.5 billion buyout, its largest to date, but the Justice Department has made the purchase contingent on Danone selling...
Watch the broadcast of our 39th Annual WholeFoods Retailer Survey 2017 from February 22, 2017. Gain important insight on how natural product retailers of different sizes have operated in 2016 to help you make the most of your business. [vc_row][vc_column][vc_video link="https://youtu.be/X2L3AGjANC4"][/vc_column][/vc_row]...
Mumbai, India — Indfrag Ltd., a Bangalore-based company active in health and nutrition active ingredients market, has undergone an 85% stake acquirement by OmniActive health Technologies Ltd. All products related to Indfrag’s Food and Nutrition business are included in the acquirement and definitive agreements have been entered to acquire the...
Mumbai, India — Everstone Group has invested $35 million in a stake of Mumbai-based OmniActive Health Technologies Ltd. Everstone Group has been rapidly expanding in the nutraceutical space and its investment in OmniActive will give it a significant minority stake. Through the Everstone Group investment, OmniActive will have the ability...
Westchester, IL — Ingredion Inc. has entered into a stock purchase agreement to acquire all outstanding shares of privately-held Tic Gums, Inc., White Marsh, MD which makes advanced texture systems for the food and beverage industry. This will complements Ingredion's expertise in starch technology, opening the door to new texture...
Los Angeles, CA — Millenium Products, Inc., parent company of GT’s Kombucha acquired Medina, MN-based Tula’s CocoKefir, a maker of vegan fermented coconut-based kefirs and yogurts. According to BevNet, the transaction occurred earlier this year and the products have been subsequently rebranded as GT’s products. Both companies’ shared passion and...
