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This weekend, PepsiCo, Inc. announced that it had agreed to acquire Hangzhou Haomusi Food Co., Ltd. ('Be & Cheery'), one of the largest online snacks companies in China, from Haoxiangni Health Food Co., Ltd. ('Haoxiangni') for USD 705 million.

Bosch Packaging Technology, a leading supplier of process and packaging technology, is expanding its operations in China and enlarging its site in Hangzhou, Zhejiang province.