USA > South Korea’s SK Innovation to acquire Dow Chemical’s EAA unit for $370 Mn

sk-innovation_416x416 South Korea based SK Innovation to acquire EAA (Ethylene Acrylic Acid) unit from Dow Chemical for $370Mn. The deal comes after SK Innovation’s earlier plan to invest up to 3 trillion won ($2.61 billion) in its chemical and electric vehicle battery businesses to accelerate its global growth. About Dow Chemical The Dow Chemical Company manufactures and supplies products that are More …

MALAYSIA > US based Coca-Cola to invest $112.9Mn for plant expansion in Malaysia

The_Coca-Cola_Company_logo.svg USA based Coca-Cola is set to invest RM500Mn ($112.9Mn) to expand the size and production capacity of its plant at Bandar Enstek, Malaysia. The investment will help create 1000 new jobs and is expected to aid further 10,000 indirect jobs.   About The Coca-Cola Company The Coca-Cola Company, which is headquartered in Atlanta, Georgia, is an American multinational beverage corporation, and manufacturer, retailer, and marketer More …

USA > Japan’s Toyota Industries to acquire Bastian Solutions for approximately $260Mn

Toyota_Industries_logo.svg Japan based Toyota Industries is set to acquire USA based Bastian Solutions for around $260Mn. The transaction is scheduled to close in April of 2017 after approvals by anti-monopoly authorities and fulfillment of other general preconditions. The acquisition of Bastian Solutions is expected to boost Toyota’s material handling solutions business in North America.   About Bastian SolutionsBastian Solutions provides automated More …

BRAZIL > Luxottica group to acquire óticas carol for around $117Mn

Luxottica.svg Italy based Eyewear Giant Luxottica Group to acquire Óticas Carol of Brazil for around €110Mn ($117.64Mn). The transaction is supposed to close in first half of 2017 after customary regulatory approvals are gained. With the acquisition Luxottica will take over all the 950 locations of Óticas Carol in Brazil.   About Óticas Carol Óticas Carol is a Brazilian Eyewear company that More …

BRAZIL > GeoPost acquires 60% stake in Brazillian logistics company JadLog

Geopost_logo.svg France based GeoPost has acquired 60% stake in Brazilian logistics company JadLog. JadLog is one of the largest Logistics company in Brazil with network of 508 franchise. As of 2016 alone JadLog carried out some 7 million orders making revenue of $1280Mn.   About JadLogJadLog is Brazilian logistics company that deals with parcels in domestic and international level. With network More …

IRELAND > Fyffes to be acquired by Sumitomo Corporation for $798Mn

Fyffes_SVG_logo.svg Japan based Sumitomo Corporation is slated to acquire Ireland based Fyffes for €751Mn ($798Mn). Sumitomo offered €2.23 ($2.38) a share for Fyffes business. Fyffes annually distributes about 46 million cases of bananas in Europe. It also has hands in pineapples, melons and mushrooms business. Sumitomo was advised by JPMorgan Chase & Co. for the deal and Lazard and Davy Corporate Finance More …

CHINA > Philippines’ Century Pacific Food acquires distribution companies in China for $2.5 mm

century_pacific_logo-1 Philippines based Century Pacific Food (CNPF) acquires several distribution companies in China for $2.5m in an all-cash deal. These distribution companies were previously owned by Thai Union Manufacturing and Century Pacific Group with 50 percent stake in each. Century Pacific Food is engaged in the development, marketing, and distribution of processed fish, meat, dairy, and coconut under its own brands More …