divestment

Olam Group plans sales of remaining stake in its global agri business

The Olam Group, parent business of ingredients enterprise ofi, has confirmed it has proposed the sale of its remaining stake in its agricultural arm, Olam Agri to the Saudi Agriculture & Livestock investment company (Salic), as part of wider strategic reorganisation of its operations, reports Neill Barston.

Strategic divestment of AAK’s US Hillside site paves way for European re-investment

Global ingredients group AAK has entered into an agreement to divest its Foodservice facility in Hillside, NJ, USA, as part of wider strategic re-investment put at SEK 400 million (34 million Euros) into its international operations, reports Neill Barston.

Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability

Bosch confirms plans to sell its packaging machinery division

German-headquartered manufacturer Bosch has unveiled plans to place its packaging machinery division on the market, as it confirmed it would focus on other core areas of its business.

Business news, Processing