Sunday, December 16, 2012
Deerfield based Beam also makes acquisition to bolster Irish whiskey business.
A Japanese company, spirit maker Suntory Holdings, Ltd., is considering a bid to purchase Deerfield based Bean, Inc., the distiller of Jim Beam, Makers’ Mark, Canadian Club and other brands, according to an article on Bloomberg Monday. Suntory has considered acquiring Beam before but a move at this time appears less likely because of the current value of the Deerfield based company’s stock, which has increased 17 percent this year, according to Bloomberg. Get local news in a daily email from Patch. It's like getting a free newspaper. Learn more. Beam is thinking about purchases itself. It just acquired 2 Gingers, adding the brand to its Irish whiskey division, according to a story Monday in Whiskey Magazine. Kieran Folliard, 2 Gingers …
Saturday, November 10, 2012
Maker of spirits tries to develop its Russian business. Local Executive promoted by American Jewish Committee.
Deerfield based Beam, Inc., was in the news this week both for its effort to penetrate the Russian market and its charitable donations to help the victims of Hurricane Sandy, according to a news release from the company and other sources. Beam is making an effort to persuade traditionally vodka loving Russians to consume more Jim Beam Bourbon and Maker’s Mark Whiskey, according to an article on Bloomberg. Increasing prosperity in Russia has whetted that country’ appetite for imported liquor. Beam hopes to double its sales in Russia and eventually derive 25 percent of its business from emerging markets, according to Bloomberg. The effort is succeeding despite attempts by the government to reduce alcohol consumption in the country. Meanwhile…
Sunday, November 4, 2012
CF Industries to Expand Operations.
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Sunday, November 4, 2012
Deerfield based Beam, Inc., reported a strong third quarter showing a profit as opposed to a loss during the same period last year as well as sales growth, according to a report on 4-Traders. Beam reported earnings of $0.57 per share for the quarter just ended against a loss for the same period in 2011 of $0.53 a year ago, according to 4-Traders. Sales grew at an 8 percent rate during the period and earnings are up 21 percent for the year. Another Deerfield based company, CF Industries, the world’s second largest producer of nitrogen, will invest $1.7 billion to expand a fertilizer facility at its Port Neal, IA, plant, according to a report in the Muscatine Journal. The project is expected to create 100 permanent new jobs and employ …
Sunday, October 7, 2012
Takeda acquires a new company while Beam declares a dividend.
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Sunday, October 7, 2012
Deerfield based businesses finished a busy week as Takeda Pharmaceuticals acquitted LigoCyte Pharmaceuticals, Inc, and Beam, Inc., declared a dividend for its shareholders, according to business news sources. Takeda, located on Takeda Parkway in Deerfield, will pay $60 million cash for LigoCyte plus potential future considerations based on the company’s performance, according to prnewswire. LigoCyte, based in Bozeman, MT, manufactures vaccines. "Takeda's acquisition of LigoCyte is a major step forward in the expansion of Takeda's vaccine business, and a demonstration of Takeda's dedication to preventing illness in children and adults around the world," Executive Vice President Dr. Rajeev Venkayya said in the prnewswre story. Beam, …
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6:25 am on Wednesday, November 14, 2012
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