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Mengniu Dairy to acquire majority stake in infant formula producer Yashili for $1.6bn

2013-06-19 01:00:00| Food Processing Technology

China Mengniu Dairy has entered into an agreement to acquire all of the outstanding shares in infant formula manufacturer Yashili, in a deal worth HK$12.5bn ($1.6bn).

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Leading Food Producer Selects ReadSoft's Invoice Automation Solution through Agreement Worth ...

2013-06-18 06:00:00| Industrial Newsroom - All News for Today

A food producer with operations across the Americas has selected ReadSoft&rsquo;s SAP®-certified invoice automation solution to harness greater control, visibility and speed over its current paper-based invoice process. The agreement is worth 445,000 USD and was signed during the second quarter of 2013.<br /> <br /> Operating under manual processing constraints, this world-renowned food producersought an invoice processing solution capable of providing transparency across its invoice process. ...This story is related to the following:Financial Software |

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Campbell Soup to acquire baked snacks producer Kelsen

2013-06-18 01:00:00| Food Processing Technology

US-based Campbell Soup Company has entered into an agreement to acquire Kelsen Group, a baked snacks producer based in Denmark, from private equity firm Maj Invest and several other investors for an undisclosed amount.

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US pork producer Smithfield Foods to be sold to China for $4.72...

2013-06-17 00:39:28| Food - Topix.net

Recent announcements about the acquisition of U.S.-based Smithfield Foods Inc., the world's largest pork producer and processor, by a major Chinese holding company has sent significant shockwaves throughout the American economy.

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Campbell Soup completes acquisition of organic baby food producer Plum Organics

2013-06-14 01:00:00| Food Processing Technology

US-based Campbell Soup has completed the acquisition of Plum Organics, a leading provider of organic foods and snacks for babies, toddlers and children, for an undisclosed amount.

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