Deals this week: Loughanure, Coborn’s, Samsung Electronics

7 December 2018 (Last Updated December 7th, 2018 11:46)

Loughanure has bought certain business and assets of Crawshaw Group for $1.78m.

Loughanure has bought certain business and assets of Crawshaw Group for $1.78m.

The transaction was conducted by joint administrators appointed by Crawshaw.

Crawshaw’s directors closed 35 stores and Astley distribution centre prior to the appointment of the joint administrators.

The deal includes the remaining 19 stores and a production and distribution centre in Hellaby.

Crawshaw is a butcher’s chain, while Loughanure is a new company majority owned by meat entrepreneur Thomas Cribbin.

Both companies involved in the transaction are based in the UK.

Coborn’s has agreed to buy eight North Dakota stores of Hornbacher’s from Supervalu for an undisclosed value.

Coborn’s will operate the eight stores under the banner of Hornbacher’s.

Founded in 1921, Coborn’s is a fresh food retail company based in the US.

United Natural Foods subsidiary Supervalu is an American supermarket retail chain.

“Coborn’s has agreed to buy eight North Dakota stores of Hornbacher’s from Supervalu for an undisclosed value.”

The deal is scheduled for completion by the end of December 2018.

Samsung Electronics and Verizon have partnered for releasing a 5G smartphone in 2019.

The new device will be the second 5G phone for the Verizon network.

Samsung Electronincs, part of the Samsung Group, is a multi-national electronics company based in South Korea.

Headquartered in New York, US, Verizon is a telecommunications company offering wireless products and services.

Omphalos Ventures India LLP has invested Rs10m ($143,000) in Nagpur Wholesale in a seed funding round.

Omphalos Ventures India is an early-stage venture capital firm.

Nagpur Wholesale is an Indian online grocery and everyday products store owned by Qualipros Technologies Pvt Ltd.

Amyris Inc has collaborated with Givaudan for the sale of its new tabletop sweetener application.

The tabletop sweetener will be initially available in Brazil and be rolled out in other markets in near future. It will offer a new alternative to regular sweeteners already available in the market.

Based in the US, Amyris is engaged in the production of sustainable ingredient alternatives to different petroleum-sourced products.

Givaudan is a Swiss manufacturer of fragrances and flavours for customers worldwide.