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Treasury Wine to buy bulk of Diageo's UK, U.S. wine assets for $552 million

2015-10-14 02:16:28| Beverages - Topix.net

The company said the purchase of brands including Sterling Vineyards, Yellow Tail, Blossom Hill and Piat d'Or as well as the Chateaux & Estate Wine business in the U.S. would immediately double its luxury and "masstige" - or mass prestige - net sales revenue in that country. The deal advances a turnaround plan under Chief Executive Officer Michael Clarke, brought in last year to rethink the company's growth strategy after a disastrous foray into the U.S. saw it destroy thousands of cases of unsold low-end wine.

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CapX2020 90 Miles Energized, $300 Million Investment

2015-10-14 00:15:00| Transmission & Distribution World

CapX2020 partners, state and local officials and renewable energy supporters were among those who gathered to celebrate the energizing of 90 miles of a new 345-kV transmission line read more

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Big-name VCs, UPS invest $22 million in drone startup

2015-10-13 18:31:21| Trucking - Topix.net

Danvers drone startup CyPhy Works plans to begin selling its drones in the next year and its applications could range from agriculture to public safety, chief executive and founder Helen Greiner said Monday. "We spent a lot of time in technology development and now it's time to start getting the robots out there," Greiner said.

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Big-name VCs, UPS invest $22 million in drone startup

2015-10-13 18:07:13| Air Courier - Topix.net

Danvers drone startup CyPhy Works plans to begin selling its drones in the next year and its applications could range from agriculture to public safety, chief executive and founder Helen Greiner said Monday. "We spent a lot of time in technology development and now it's time to start getting the robots out there," Greiner said.

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Kadant Awarded $7 Million Order for Recycled Fiber Processing Line in Europe

2015-10-13 17:53:08| Paper - Topix.net

Oct. 13, 2015 - Kadant Inc. today announced it received an order totaling approximately $7 million from a paper producer in Southern Europe for recycled fiber processing equipment to be used in the production of packaging. "We are pleased to have been selected to provide this turn-key recycled fiber processing line for a major rebuild project in Southern Europe," said Jonathan W. Painter, President and CEO of Kadant.

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