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INEOS Inovyn has completed the acquisition of the remaining 50% shareholding in Runcorn MCP Limited, together with the assets and employees associated with ethylene dichloride production at Runcorn from Vynova Runcorn Limited, following its entry into administration in 2025.
The sale of the activities related to custom contract development and manufacturing of pharmaceutical substances and products is intended to sharpen Merck’s portfolio in line with its medium- to long-term strategic direction and focus it on innovation-driven businesses with high value-creation potential.
Kraft Heinz has agreed to divest its North America coffee business but retain a 30% stake. The deal includes seven brands and two manufacturing facilities, with closing expected in mid-2027. One Rock plans to increase investment in the coffee portfolio, while Kraft Heinz intends to use net cash proceeds to reduce debt.
The Middleby Corporation, a global leader in commercial foodservice solutions, today announced that its Board of Directors has appointed Steve Spittle, Chief Commercial Officer, as President, effective November 5, 2026, and to succeed Tim FitzGerald as Chief Executive Officer, effective April 1, 2027.