Latest Posts Under: Business News Articles

VisCardia wraps up VisONE heart failure pilot study

VisONE heart failure pilot study : Oregon-based medical device developer VisCardia has wrapped up its first-in-human study of the implantable VisONE system for medically refractory heart failure patients who have reduced ejection fraction (HFrEF) and preserved ventricular synchrony. The VisONE Heart Failure pilot trial was a prospective, open-label, multi-center study held at certain European Heart […]

Blackboard to sell Open LMS to Learning Technologies Group for $31.7m

US educational technology company Blackboard has agreed to sell its Blackboard Open LMS business to Learning Technologies Group (LTG), a UK-based end-to-end learning and talent management solutions provider, for $31.7 million. Open LMS is said to be the largest commercial provider of the open-source learning platform Modular Object-Oriented Dynamic Learning Environment (Moodle) in the world. […]

US Foods to acquire Smart Foodservice Warehouse Stores for $970m

US Foods acquisition of Smart Foodservice : US Foods has agreed to acquire Smart Foodservice Warehouse Stores, an Oregon-based warehouse grocery store chain from funds managed by affiliates of Apollo Global Management for $970 million in an all-cash deal as per the latest retail acquisition news. The US foodservice distributor believes that the acquisition will […]

Coronavirus testing center in New York : Northwell Labs begins manual testing for COVID-19

Coronavirus testing center in New York : New York health care provider Northwell Health Labs (Northwell Labs) has started manual testing of novel coronavirus samples (COVID-19 samples) at its 100,000-square-foot diagnostic facility in Lake Success having secured state and federal authorization. The diagnostic lab was visited by New York Governor Andrew Cuomo, which paved the […]

Blount Fine Foods to open $25m soup manufacturing plant in Portland

Blount Fine Foods, a prepared foods and soup manufacturer, has acquired a food manufacturing facility in Portland, Oregon, which will be converted into a soup manufacturing plant. Financial terms of the acquisition were not revealed. The new soup manufacturing plant is scheduled to open in the second half of 2020. Blount Fine Foods will invest […]

Hormel Foods acquires pit-smoked meats supplier Sadler’s Smokehouse

Hormel Foods has closed its previously announced $270 million acquisition of Sadler’s Smokehouse, a Texas-based pit-smoked meats supplier for foodservice and retail customers. Sadler’s Smokehouse is engaged in delivering premium pit-smoked whole muscle meats with custom injections, flavors, rubs, and spice blends. The company has been supplying its meat products to Hormel Foods for more […]

International Petroleum Corp. acquires Granite Oil Corp for $59m

International Petroleum Corp. (IPC), a member of the Lundin Group of Companies, has wrapped up its previously announced $59 million acquisition of Granite Oil Corp, a Canadian oil and gas company engaged in light oil production in southern Alberta. Through the acquisition, International Petroleum Corp. gains access to total proved plus probable (2P) reserves of […]

EETL LNG terminal expansion project : EETL signs HOA with Excelerate Energy

EETL LNG terminal expansion project : US LNG company Excelerate Energy and Engro Elengy Terminal (EETL) have signed heads of agreement (HOA) for the expansion of the EETL terminal owned by the latter in Port Qasim, Pakistan. The liquefied natural gas (LNG) import terminal is jointly owned by Pakistani conglomerate Engro Corporation and Dutch tank […]

Scroll To Top