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U.K.’s Mothercare rejects Destination Maternity merger offers
Philadelphia – U.K. specialty maternity retailer Mothercare Plc has rejected two non-binding written merger proposals from Destination Maternity Corp. In a press release, Destination Maternity said its second proposal, delivered June 1 2014, would combine the two companies under a new U.K. holding company which would be listed in the U.S., for a total payment of $453 million to Mothercare shareholders.
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PepsiCo taps Sunsweet Growers as Hot Fill Co-packer of the Year
For the second consecutive year, PepsiCo has named Sunsweet Growers as Hot Fill Co-packer of the Year for exhibiting superior achievements in quality and overall effectiveness across PepsiCo's beverage supply chain.
This marks the fourth time Sunsweet is recognized as Co-Packer of the Year. The three previous awards were for the Yuba City, California, facility in 2007 and 2012 and the Fleetwood, Pennsylvania, facility in 2008.