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Kraft Heinz to split a decade after megafood merger
Kraft Heinz will split into two firms by 2026: one with Heinz, Philadelphia and Kraft Mac & Cheese, the other with Oscar Mayer, Singles and Lunchables.
MasterBrand to acquire American Woodmark in $3.6B deal
MasterBrand plans to acquire Winchester-based cabinet manufacturer American Woodmark in an all-stock merger.
Keurig Dr Pepper buys Peet’s for $18 billion and plans split into coffee and beverage companies
Keurig Dr Pepper to buy Peet’s Coffee owner JDE Peet’s for $18B, then split into separate coffee and beverage companies.
Lowe’s to buy Foundation Building Materials for $8.8 billion
Lowe’s is acquiring Foundation Building Materials for $8.8 billion, strengthening its push into the professional builder market as it battles Home Depot.
TowneBank to acquire N.C. bank for $476M
Suffolk-based TowneBank announced Tuesday that it has signed an agreement to acquire North Carolina-based Dogwood State Bank for about $475 million.
TowneBank to close on $203M Old Point deal Sept. 1
TowneBank will acquire Old Point Financial in a $203M deal closing Sept. 1, expanding its market share in Hampton Roads
Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion
Gildan Activewear is acquiring HanesBrands for $2.2B, gaining brands like Hanes and Maidenform as the apparel maker faces years of declining sales.
Mars to pump $2B into U.S. manufacturing
Mars announced on Tuesday that it plans to invest $2 billion in its U.S. manufacturing operations throughout the country by the end of 2026.
Chevron clears hurdle, seals $53B Hess acquisition
HOUSTON (AP) — Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of […]
Amentum completes sale of Rapid Solutions for $360M
Amentum has completed the sale of its hardware and product business, Rapid Solutions, to Lockheed Martin for $360 million.
CohnReznick acquires Henrico CPA firm
CohnReznick announced Tuesday that it has acquired Glen Allen-based certified public accountant firm Piascik & Associates.
Parsons acquires CTI for $89M
Parsons announced Tuesday that it has acquired Maryland-based Chesapeake Technology International for $89 million.
