1. Home
  2. Articles posted by: Rona Fried (Page 1530)

SunOpta Completes Acquisition of Hess

SunOpta Inc. (NASDAQ:STKL; TSX:SOY) has completed the acquisition of all of the outstanding shares of Hess Food Group LLC of Chicago, Illinois. Hess is a privately-owned, profitable supplier of fruits and vegetables with $4 million in revenues, focused primarily on the quick-service and casual restaurant industry. Hess’s business model focuses on providing its customers with supply chain expertise, from initial product development, to sourcing experience, expertise and flexibility, and inventory management. Hess manages over fifty million pounds of raw and processed fruits and vegetables for its customers, sourced from qualified processors, including SunOpta’s processing facilities. Products are sourced according to customer’s quality specifications and precise formulations. The combination of Hess and the SunOpta Fruit Group will strengthen SunOpta’s position as a leader in the quick-service and casual restaurant industry, complementing SunOpta’s strengths in the private label retail and industrial markets. In addition, SunOpta’s global supply sourcing capabilities are expected to generate significant benefits to Hess’s customers via year-round global supply risk management, consistency of supply and cost efficiencies. The combination of Hess’s product development experience and SunOpta’s research and development expertise is also anticipated to generate significant future opportunities as customers benefit from greater resources in product development and innovation. […]

Read More

DOE Selects California to Jumpstart E85 Ethanol Fueling Network

The U.S. Department of Energy (DOE) has selected a team comprised of CALSTART, General Motors, Pacific Ethanol, CleanFUEL USA, Community Environmental Council and others to receive grants to jump start an alternative fuel network in California. The grant provides partial funding to build 15 publicly accessible E85 ethanol stations. Currently there is only one public station that sells E85 ethanol (85% ethanol and 15% gasoline) in California, despite the fact the state has over 300,000 flex-fuel cars capable of running on the fuel. This project will create the building blocks of an E85 refueling network. With this initial round of funding, ten E85 pumps will be constructed at existing United Oil gas stations in the greater Los Angeles area. Four pumps will go to stations along Highway 101 between Ventura and San Luis Obispo County. A final E85 pump will be installed in the San Joaquin Valley along Highway 99 in Tulare. Of the more than 300,000 ethanol capable flex-fuel vehicles in California, approximately 1/3 were produced by GM. GM is the only car company currently selling cars in California that can operate on E85. There are approximately 1,000 E85 ethanol stations throughout the country, mostly in the Midwest. Ethanol […]

Read More

Quantum Gets Hydrogen Storage Order from GM

Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) has received a multi-million dollar purchase order from General Motors for hydrogen fuel storage systems to be used in GM’s recently announced Chevrolet Equinox Fuel Cell vehicle program. GM will begin building and deploying a fleet of hydrogen fuel-cell vehicles in 2007. The 10,000 psi (70 MPa) hydrogen storage systems for these Equinox Fuel Cell vehicles are based on Quantum’s Type IV (polymer-lined, all-composite) ultra-lightweight tank technology, incorporating advancements in materials, material utilization, and optimized design, yielding benefits proprietary to GM. About Quantum: Quantum and its subsidiary, Tecstar Automotive Group, are leaders in powertrain engineering, system integration, and manufacturing of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid-cycle vehicle product enhancements and high performance engines and drive trains for OEMs and consumers of aftermarket parts and accessories. Quantum also designs and manufactures hybrid and fuel cell vehicles. Quantum has product commercialization alliances with General Motors, AM General, and Sumitomo. Quantum’s customer base includes General Motors, Toyota, Opel, Hyundai-Kia, Suzuki, Ford, DaimlerChrysler, AeroVironment, and the U.S. Army. Website: http://www.qtww.com     

Read More