The Federal Trade Commission filed a complaint Thursday charging the proposed merger of Sysco and US Foods violates antitrust laws by significantly reducing competition nationwide.
Packaging solutions company the Ball Corporation and Rexam PLC announced Thursday the terms of an offer by Ball to acquire Rexam, a leading metal beverage can manufacturer, in a cash and stock transaction valued at $8.4 billion.
The JM Smucker company announced it will acquire Big Heart Pet Brands in a transaction valued at approximately $5.8 billion as a way of positioning the company for continued growth by capturing the segment of consumers who are pet owners.
Pennsylvania-based chocolate giant The Hershey Company announced plans to acquire KRAVE Pure Foods, Inc., a manufacturer of KRAVE jerky, in a transaction that will allow the company to break into the growing meat snacks category.
With a combined value of $16 billion, packaging giants Rock-Tenn Company and MeadWestvaco Corporation (MWV) announced they have entered into an agreement to merge, creating a global provider of consumer and corrugated packaging solutions.
Bumble Bee Seafoods, North America’s largest branded shelf-stable seafood company, announced it has been acquired by Thai Union Frozen Products Public Company Limited (TUF) for $1.51 billion.