Hunt Construction Group has secured a $247 million contract to be the builder for the Fairmont hotel project in Austin, Texas. The $370 million hotel, which will be connected to the Austin Convention Center through an aerial promenade, will include meeting space and more than 1,000 rooms.
Saputo, Canada's largest dairy producer, has entered a $370 million bid to acquire Australia's Warrnambool Cheese and Butter Factory Company Holdings. "We believe Australia has the ideal platform for us getting products into those emerging [Asian] markets," Saputo CEO Lino A. Saputo, Jr., said of the deal, which is expected to close in December.
Dakota Growers Pasta, maker of dry pasta under brand names including Dreamfields and Pasta Sanita, is being acquired by Post Holdings for $370 million. "Post continues to expand its portfolio into segments of the overall food industry where it sees opportunities to grow and diversify its strong cash flow," Chairman and CEO William Stiritz said.