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Treasury sells US vineyard at $7.5m loss

2015-07-21 13:34:55| Beverages - Topix.net

Treasury Wine Estates has sold its Asti Winery, Souverain brand and vineyard assets in California to E.& J. Gallo Winery at a loss, as it continues to restructure its business. While the sale price was not disclosed, the Australian-based winemaker said it would book a pre-tax loss on the transaction of about US$7.5 million.

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Treasury Wine sells California vineyard

2015-07-21 05:15:10| Beverages - Topix.net

Treasury Wine Estates is selling its Asti Winery in California to E&J Gallo Winery as part of its efforts to cut costs. The company on Tuesday said it would make a $US7.5 million loss on the transaction, which will be recognised in its 2014/15 full year results, but didn't give a value for the deal.

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Sappi sells Johannesburg recycled packaging mill to Golden Era Group

2015-07-16 23:12:27| Paper - Topix.net

Sappi Limited headquartered in Johannesburg, has announced it is selling its Cape Kraft recycled packaging paper to South Africa's Golden Era Group. The company had also recently announced the sale of its Enstra mill and recycled packaging business.

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Eisai sells RTP facility to Biogen; results in 35 layoffs

2015-07-16 21:57:53| Biotech - Topix.net

Eisai employs 180 workers in RTP and the move will result in 35 layoffs. Another 100 workers will be eligible for jobs with Biogen and Eisai will retain 45 employees, according to the companies.

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Hasbro sells Monopoly factory in western Mass.

2015-07-15 17:46:43| Toys - Topix.net

The Hasbro factory in East Longmeadow that has for decades made games like Monopoly, Battleship, and Connect Four will be sold to a Belgian card company. Pawtucket, R.I.-based Hasbro said in a Wednesday securities filing that it would sell the factory to Cartamundi, a Belgian company that makes playing cards and cards for games.

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