JBS USA plans to acquire J&B Group meat processing facility in Pipestone

Brazilian meat processing giant JBS said that its US subsidiary JBS USA has signed an agreement with J&B Group to lease the latter’s meat processing facility in Pipestone, Minnesota. JBS USA plans to purchase the meat processing facility in Pipestone in the future months for an undisclosed amount. The Pipestone meat processing plant was originally […]

Siemens Gamesa to acquire certain European assets of Senvion Group

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy has signed a deal worth €200 million to acquire selected European assets of German wind turbine manufacturer Senvion Group. The transaction includes assets mainly belonging to the European onshore service business of Senvion Group and all related assets and operations that offer full service, all the intellectual […]

3M to sell drug delivery business to Altaris Capital for $650m

US industrial conglomerate 3M has signed a cash-cum-stock deal worth around $650 million to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners for about $650 million, as per the latest pharma acquisition news. As per the terms of the deal, the total consideration includes cash, an interest-bearing security, […]

Constellation Brands, E. & J. Gallo Winery sign revised deal to address FTC concerns

US drinks companies Constellation Brands and E. & J. Gallo Winery have agreed to revise their previously announced $1.7 billion deal in order to address regulatory concerns, as per the latest drinks acquisition news. Constellation Brands said that the revisions to the transaction are to resolve competitive issues brought up by the US Federal Trade […]

Nestlé to sell US ice cream business to Froneri for $4bn

Nestlé has agreed to sell its US ice cream business to Froneri, its ice cream manufacturing joint venture with PAI Partners, for $4 billion, as per the latest food acquisition news. The ice cream business being divested by Nestlé in the US manufactures ice cream brands such as Häagen-Dazs, Outshine, and Drumstick. The Swiss food […]

Vitol takes full ownership in asphalt trading business VALT

Vitol has taken full ownership in asphalt trading business VALT after acquiring the remaining 50% stake it previously didn’t own from its joint venture partner Sargeant Marine. The VALT bitumen joint venture was established by Vitol and Sargeant Marine in 2016. Sargeant Marine is an asphalt trading, storage and transportation business. The asphalt trading business […]

Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

Ærfugl project phase 2 : Aker Solutions has bagged a contract worth around NOK 700 million ($76.95 million) from Aker BP for the supply of the subsea production system for the Ærfugl project (formerly Snadd field development) in the Norwegian Sea. The subsea delivery for the Norwegian oil project includes wellheads, vertical subsea trees, control […]

Lilly launches LIBRETTO-431 clinical trial for selpercatinib in NSCLC

Eli Lilly and Company (Lilly) has initiated the phase 3 LIBRETTO-431 clinical trial to evaluate selpercatinib (LOXO-292) in RET fusion-positive non-small cell lung cancer (NSCLC) in patients who are treatment-naïve. The US pharma company is aiming to enroll 400 patients in the late-stage clinical trial. The patients will be grouped randomly to be subjected to […]

Leucadia launches Sodium Tetradecyl Sulfate injection for varicose veins

Leucadia Pharmaceuticals, the commercial sales unit of Custopharm, has launched the FDA-approved Sodium Tetradecyl Sulfate (STS) generic injection in the US. According to Leucadia Pharmaceuticals, the regulated sclerosing agent is therapeutically equivalent to SOTRADECOL and is an effective and safe alternative to the use of unapproved compounded products. Sodium Tetradecyl Sulfate is used for the […]

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