Ocean Spray buys competitor's assets
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Ocean Spray Cranberries Inc. purchased Northland Cranberries Inc.'s processing plant and inventory for $28 million in cash to bolster its manufacturing and ingredient business.
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The company is ready to handle competition from generics.
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The buyout for the ice manufacturer is on the rocks.
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Private equity firm Fortress  Investment Group LLC agreed to buy Stelmar Shipping Ltd. for  $677 million only a few months after the oil tanker operator  fended off a hostile bid from its rival, OMI Corp. OMM.N,  Stelmar said on Monday.
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The new company, the product of the merger between TruSecure and Betrusted, will operate in Europe, Asia and North America.
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Wisconsin Rapids-based Northland Cranberries Inc. has agreed to sell its cranberry processing operations, including its Wisconsin Rapids plant and cranberry inventory, to rival Ocean Spray Cranberries Inc.
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Overseas Shipholding Group Inc., the largest US-based oil tanker owner, agreed to buy Stelmar Shipping Ltd. for about $843 million.
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Two venture capital firms have bought Captain D's, the nation's second-largest.   The price wasn't disclosed, but officials say the two firms, Maryland-based Grotech Capital Group and Charlesbank Capital Partners, have arranged for 100 (m) million dollars in financing.
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Kemira Oyj will acquire all shares in Finnish Chemicals Oy from Erikem Luxembourg S.A., the acquisition vehicle for private investors led by PPM Ventures together with Montagu Private Equity and MB Funds.
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Ionics Inc. , a Watertown water treatment company with global operations, agreed to be purchased yesterday by General Electric Co. for $1.1 billion in cash.
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The Catalina Marketing Corporation agreed to be acquired by ValueAct Capital, in a deal that values the company at nearly $1.6 billion.
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Archipelago Holdings, US owner of ArcaEx, the world's largest electronic stock market, is leading the race to buy Instinet, an electronic brokerage owned by the British news and information giant Reuters.
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CALGARY (CP) - Oil giant EnCana Corp. is selling its British North Sea operations to Nexen Inc. for $2.1 billion US and wants to dispose of its businesses in Ecuador and the Gulf of Mexico as well to focus on North America.
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LYCOS Europe&#39;s Swedish subsidiary Spray takes over Tiscali Sweden for a purchase price of EUR 13 million. Through the acquisition, Spray speeds up its profitable access business by gaining 75 percent more
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UK water company Mid Kent Water is being bought by Australia's Hastings Fund Management for Â£241m.
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Singaporesâs PSA gained a much-sought foothhold in Hong Kong with an agreement to buy a stake in Asia Container Terminals, a port operator in the worldâs busiest container hub, from Sun Hung Kai Properties.
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Norampac Inc., Canada&#39;s largest containerboard maker, bought AIM Corrugated Container Corp. for an undisclosed price to expand its presence in the Northeastern US.