New Zealand's dairy manufacturer Fonterra signed a deal to acquire troubled Tasmania-based company Tamar Valley Dairy.

Beverage giant Coca-cola Co said it would invest USD5 billion in China between 2015 and 2017 to counter competition.

Marriott International Inc signed a deal to buy Cape Town-based Protea Hospitality Holdings for an undisclosed amount.

Renowned names in the wine industry join forces to create sales and marketing firm BCM Wineworks for the known brands of Bacchus Capital.

In a bid to trim its portfolio, Nestle had sold to North Castle Partners its interest in weight loss brand Jenny Craig.

Joh A Benckiser owned-D.E Master Blenders planned to increase its ownership interest in Norwegian coffee producer Kaffehuset Friele to 90%.

Sprig recently closed its USD1.2 million seed funding round for the launching of its unique food delivery business.

Food giant Nestle announced its intention to sell the bulk of its Jenny Craig business to private equity firm North Castle Partners.

Heavily indebted UK bread manufacturer Premier Foods announced that it is looking for investors for its Hovis brand.

Thomson Reuters publication IFR earlier reported that Morgan Stanley, Goldman Sachs and Standard Chartered were among the banks hired by Shuanghui International Holdings in its upcoming IPO.