Privately-owned Cooke Inc. (‘Cooke’), parent company of Cooke Aquaculture Inc. has upped its stake proposal to purchase the Tasmanian salmon farmer Tassal Group Limited. Tassal is a vertically integrated salmon and prawn grower and processor for the Australian domestic markets and for exportations, employing over 1,700 people. Cooke Inc. has Atlantic salmon farming operations in Atlantic Canada, the US, Chile, and Scotland; seabass and …
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Spain: Danone plans to sell factory
FMCG giant Danone has announced that they are looking for a buyer for its factory in the north west of Spain, since they are looking to close it. According to sources, last month Danone announced the closure of the factory in the town of Salas in the name of improving ‘competitiveness and industrial efficiency’. The workers of the factory held a demonstration against the …
UK: Lotus Bakeries acquires Peter’s Yard
Lotus Bakeries announced the complete acquisition of UK based Peter’s Yard artisanal sourdough business. Peter’s Yard produces a wide range of healthy crackers, crispbreads and flatbreads, and sourdough bites. Lotus Bakeries is well-known for the natural snack category and brands like Lotus, Kiddylicious, BEAR snacks, among others. Lotus Bakeries has been an investor in Peter’s Yard since July 2019, when the firm acquired 20% …
USA: Maytag Dairy sold to AgCertain Industries
Cheese producer Maytag Dairy Farms has been sold to AgCertain Industries, which is owned by private equity firm Midwest Growth Partners since 2019. Maytag Dairy Farms was founded in 1941 and sells and supplies jam, honey, popcorn, blue cheese, cheddar, and cheese spreads to retailers and foodservice businesses as well as selling products online. AgCertain Industries belongs to Midwest Growth Partners and produces private-label …
USA: Keurig Dr Pepper acquires non-alcoholic cocktail brand
Keurig Dr Pepper have recently announced the acquisition of the non-alcoholic cocktail brand Atypique from Station Agro-Biotech. The agreement made for the acquisition has both Keurig and Station Agro-Biotech fuel the growth of Atypique using the research done by Station Agro-Biotech in the product category and Keurig’s sales network. Chief financial officer for the international branch of Keurig Dr Pepper, Ozan Dokmecioglu said “We …
Portugal: Jeronimo Martins Group invests in Andfjord Salmon
Jeronimo Martins Group has acquired 10.1% (16.8 million euros) of the Norwegian company Andfjord Salmon for sustainable salmon production. “Just a few days before the 2022 United Nations Ocean Conference in Lisbon, we are investing in a promising and truly innovative sustainable business project that is fully aligned with our corporate responsibility priorities. Andfjord Salmon’s project is focused on using efficient technology to produce …
Canada: Coca Cola to invest in Lower Mainland region
Coca Cola Canada Bottling has announced its plans to invest nearly CAD$42 million ($32 million) into the Lower Mainland region’s operations due to growing demand in British Columbia and to help their capability in the region. According to sources, the investment will be applied to create a new manufacturing line in the Richmond plant, allowing the facility to use pre-form bottles at the location …
USA: Kellogg announces plans to split into three companies
Food giant The Kellogg Company has recently announced plans to restructure the company by splitting it into three companies in the US. The firm is planning to combine all of its cereal operations in North America into one singular entity. Similarly, Kellogg is planning to separate its plant-based and snacking businesses into separate companies as well. The reasoning the company provided for the decision …
USA: Mondelez International to buy Clif Bar
FMCG giant Mondelez has announced plans to buy Clif Bar & Company for $2.9 billion (€2.75 billion), paying additional amounts to the sellers according to its earnings from Clif Bar. According to the sources, the giant will get the Clif, Luna, and Clif Kid brands of bars in its portfolio through the acquisition, creating a $1 billion-plus global snack bar franchise for itself and …
USA: Athletic Brewing opens non-alcoholic brewery
US firm Athletic Brewing Company has officially started production at its 50,000 square foot new facility in Milford, Connecticut. Athletic Brewing is one of the country’s largest non-alcoholic beer producers and it has experienced exponential growth over the past five years, producing 1.4 million cases of beers in 2021. It is expected that with this new facility, the company will be able to produce …
Germany: FrieslandCampina sells some of its German portfolio to Muller
Dutch dairy multinational FrieslandCampina has announced that they will sell some of their brands and factories in Germany to their local peer Muller. A spokesperson from FrieslandCampina said: “Our local German brands need more scale, and Unternehmensgruppe Theo Muller offers this growth perspective through synergy benefits”. In the sale, there are included brands such as Landliebe, Tuffi, Sudmilch, Puddis, and Mondelice as well as …
Spain: Grupo Vall Companys to buy control of Sada
Spain-based meat processor Grupo Vall Companys has closed a deal to buy 75% of local poultry firm Grupo Sada from Netherlands agri-food business Nutreco. According to sources, Grupo Sada has a total of five plants in Spain and supplies poultry products to retailers and the foodservice sector. Grupo Vall Companys’ processes and supplies fresh and frozen products, including chicken and turkey. The poultry division, …
UK: Minor Figures attracts investment from Danone and Green Monday
Uk based Oat-milk business Minor Figures has received a minority investment from Danone Manifesto Ventures (DMV) and Green Monday Group, a plant-based food business. Founded in 2015, with offices in the US and Australia as well, Minor Figures produces barista oat milk for retail and coffee shops under its own brand name, RTD coffees and teas distributed in 16 countries. Green Monday produces the …
Brazil: M. Dias Branco acquires Jasmine Alimentos
Brazilian food manufacturer M. Dias Branco has agreed to acquire the Brazilian division Jasmine Alimentos of French dietary food specialist Nutrition & Santé. Jasmine Alimentos, based in the Parana state, is a producer of organic, vegetarian, gluten-free, and zero-sugar ranges of health foods such as breakfast cereals, seed mixes, burgers, bread, and, like M. Dias Branco, also produces biscuits, and crackers. According to sources, …
USA: New Berlin Beverage acquires iced tea maker Minna
New Berlin Beverage, a recently founded holding company with a focus on emerging and innovative beverages, has announced the acquisition of Minna, a line of sparkling iced teas. Minna’s portfolio consists of various types of sparkling tea, including fruity flavours such as cherry cacao green tea and pineapple passion fruit tea. CEO of New Berlin Beverage and Minna, Anshu Dua, said “This acquisition will …
Malaysia: Fraser and Neave plans to acquire Cocoaland
Malaysian food and beverage manufacturer Fraser and Neave Holdings is prepared to make moves towards obtaining full ownership of a local peer Cocoaland Holdings. According to sources, Fraser and Neave plans to buy all of the shares in Cocoaland that it does not yet own for just under 488.2 million MYR ($111.1 million) in total. Fraser and Neave first invested in the snack and …
USA: Atlas Holdings to acquire Foster Farms
US based company Atlas Holdings, owner of manufacturing and distribution businesses operating in various sectors, has announced the completion of the acquisition of Foster Farms, a producer of fresh and frozen poultry based in California. According to sources, Foster Farms has a history of being one of the leading brands in fresh chicken products in the west and has facilities in several US states. After the …
Chile: Grands Chais de France announces two acquisitions
Les Grands Chais de France (GFC) has closed two deals in Chile, marking the French wine group’s entry into South America. According to sources, the company recently announced the acquisition of Vina Las Ninas, which was purchased in 2021, a 40 hectares vineyard based in the Alpata region. That deal was closely followed by another. “GCF has already bought 150 hectares of vineyards in …
Germany: Katjes Group acquires UK gluten-free firm Genius Foods
Germany confectionery company Katjes Group has acquired the UK gluten-free bakery Genius Foods through its venture-capital arm Katjes Greenfood. Founded in 2009, Genius Foods has a product portfolio of rolls, bagels, loaves, wraps, and pittas sold in the major retailers and in the foodservice channel. Last year, the firm achieved EUR40m (US$42.7m) in sales. With this acquisition, Katjes Greenfood aims to expand its gluten-free …
USA: Borgman Capital acquires Dairyfood USA
Specialty cheesemaker Dairyfood USA has been acquired by Borgman Capital, a private-equity company, that will merge the business with Gilman Cheese, an own-label cheese manufacturer. The acquisition will allow Gilman Cheese to expand its portfolio of products and production capacity. Dairyfood USA was founded in 1953 and sells products under the Glacier Ridge Farms, Queso de Casa, and Sonoma Jacks brands, the company also …
India: PepsiCo to invest INR 186 crore to expand operations
Food and beverage business, PepsiCo India, has announced plans to invest INR 186 crore ($24 million) to expand its manufacturing facility in Kosi Kalan, Mathura, India. The facility, which already makes Lay’s potato chips, will increase the capacity of the state-of-the-art plant, by adding a new manufacturing line to produce snacks under the Doritos brand. “The progressive ecosystem and industrial climate in Uttar Pradesh …
UK: Northcoast Seafoods sold to Seafood Connection
UK seafood provider Northcoast Seafoods has been sold to a Dutch company Seafood Connection, a subsidiary of Japan’s Maruha Nichiro, for an undisclosed sum. With a workforce of 112 people, Northcoast Seafoods provides prawns and whitefish products to retailers. According to the Seafood Connection press release, both companies can complement each other and help Northcoast to grow thanks to the sourcing power of Maucha …
Poland: Grupa Sokolow builds a new meat processing plant
Grupa Sokolow, one of the largest meat producers in Central and Eastern Europe, has opened a new meat processing plant in Sokolow Podlaski. Sokolow already has ownership of 8 specialised production plants in Poland, being the plant in Sokolow Podlaski the largest of the company. The branch in Sokolow specialises in sliced cold meats, sausages, and grill products as well as a wide variety …
China: Iceland agrees to sell frozen food in JD.com
Iceland Foods has signed an agreement to supply its range of frozen food products through the Chinese retailer JD.com. JD.com is one of China’s largest online retailers offering everything from fresh food, apparel, electronics, and cosmetics, with next-day delivery that covers more than 1 billion consumers. With this agreement, Chinese consumers will be able to order some of Iceland’s frozen pizzas, snacks, ready meals, …
USA: Starbucks sells Evolution Fresh to Bolthouse Farms
Starbucks and Bolthouse Farms have entered into a definitive agreement for Bolthouse Farms to acquire brand and business of Evolution Fresh. Evolution Fresh is a producer of cold pressed juice products which was owned by Starbucks since the 2010s. The transaction will allow Bolthouse Farms to expand its beverage portfolio with cold pressed premium juices, while Starbucks will focus on growing the core Starbucks …
USA: General Mills to sell Helper and Suddenly Salad brands to Eagle Foods
US giant food General Mills has entered into an agreement with Eagle Foods to sell Helper and Suddenly Salad businesses for a $610 million cash transaction. With the acquisition, Eagle Foods will create three diversified platforms focusing on growing centre store categories for retailers and continue investing in its growing snacks and milk business in parallel with this new investment. “We are builders of …
Brazil: Nestle Health Science acquires Brazilian plant-based firm Puravida
Nestle Health Science agreed to acquire the Brazilian organic, natural, plant-based nutrition and health lifestyle food maker Puravida. The fast-growing brand Puravida was founded in Sao Paulo in 2015 to promote health through nutrition. With this agreement, the brand will complement Nestle Health Science’s portfolio in different categories with increased reliable, nutritious, and high-quality products. Monica Meale, head of Nestle Health Science Latam said …
Canada: Above Food acquires quinoa producer NorQuin
Canadian plant-based food supplier, Above Food, has acquired a local quinoa products supplier Northern Quinoa Production Corp. (NorQuin). NorQuin, is the leading quinoa producer in the world providing a broad portfolio of quinoa in a variety of formats, such as whole seeds, flour, flakes, crisps, IQF, multi-grain blends, among others. Lionel Kambeitz, CEO of Above Food, said: “The team at NorQuin has built a …
Australia: Lactalis to acquire yogurt firm Jalna
Lactalis, the French dairy giant, has confirmed the acquisition of Australia-based yogurt maker Jalna Dairy Foods together with a yogurt production facility in Melbourne and a milk farm in northern Victoria with around 90 employees, where the terms of the transaction weren’t disclosed. Jalna has a portfolio of yogurts made by blending pure milk with probiotics and natural ingredients. “This transaction expands Lactalis Australia’s yogurt …
Italy: Spar regional operator Aspiag opens logistics hub
Aspiag Service, Spar’s regional operator for three Northeastern regions in Italy, has opened a new 18,000 square-metre distribution centre in Emilia-Romagna, Italy. According to Spar’s press release, the company invested €33 million ($34.9 million) in the facility, which currently employs more than 50 people, and has a 25,500-pallet capacity, featuring three floors with 1,700 sq. m. of office space. Alessandro Urban, Aspiag Service regional …
Australia: Hairydog Group buys wholesaler S&P Liquor
E-commerce platform Hairydog Group has purchased the wholesaler S&P Liquor Group, which includes the retailer Liquor Emporium, for an undisclosed sum. According to sources, the staff at S&P Group will not undergo any changes due to the acquisition and the two bodies will also remain operating as standalone entities. Paul Ververis, the general manager of S&P Liquor, said “I’m delighted to continue to lead …
USA: Vital Farms to expand Egg Central Station facility
Vital Farms, a Certificated B Corporation with an offering of ethically produced food, has announced the expansion of Egg Central Station, its world-class egg washing and packing facility in Missouri. The 150,000 square foot facility has almost doubled its size, allowing Vital Farms to continue growing the pasture-raised egg business and generate new ‘high-quality’ jobs. The company is expected to generate over $300 million …
USA: General Mills acquires TNT Crust from Peak Rock Capital
US food giant General Mills has announced the acquisition of TNT Crust, a manufacturer of high-quality frozen pizza crusts for pizza chains, foodservice distributors, and retail outlets, from Peak Rock Capital. According to sources, TNT Crust products are highly complementary to General Mills’ existing frozen baked goods portfolio. With this acquisition, General Mills aims to invest in its portfolio reshaping strategy and expand the …
Italy: Campari acquires Picon aperitif
Italian company Campari Group, owner of Aperol, has acquired the French aperitif Picon from Diageo for €119 million ($125.5 million). Created in 1837, Picon is a ‘market-leading’ aperitif that has achieved net sales of €21.5 million ($22.4 million) and CAAP of €12.9 million ($13.4 million) in the 2021 fiscal year. According to sources, France is currently Campari Group’s fourth-biggest market (5.9% of the Group’s …
USA: Mondelez sell Halls and gum business
Mondelez International, snack and confectionery multinational, announced the divestment of its market gum, and global Halls business. According to sources, included in the sale of its market gum business are brands such as Trident, Stride, and Dentyne, which are part of a segment with annual revenue of about US$450million. This decision was the output of a portfolio review in an investor day update to …
USA: Sargento Foods acquires Baker Cheese Factory
Cheese maker Sargento Foods has acquired the Wisconsin-based Baker Cheese Factory, due to the increasing demand for more convenient on-the-go dairy products. According to Sargento Foods, cheese snacking has become ‘one of the fastest growing sections of the cheese category’, so the firm decided to acquire the local mozzarella string cheese producer, which had recently been ‘growing aggressively’, to face that demand. The CEO …
South Africa: Kerry Group to open taste manufacturing facility
Irish nutrition company Kerry Group, has recently announced the opening of the largest and most advanced taste manufacturing plant the group has ever had in the province of KwaZulu-Natal, South Africa. The new site, an investment of $40 million, covers a 10,000 sq. m. area and is said to be one of the most environmentally efficient manufacturing sites with features such as low energy …
UK: Morrisons buys McColl’s convenience stores
British supermarket chain Morrisons, owned by the US private equity group Clayton, Dubilier & Rice, was selected ahead of Asda owners’ in the bid for McColl’s chain ownership. According to sources, McColl’s was sold via a pre-pack administration, after the retailer’s lenders had declined a request to restructure its debt. With Morrisons’ offer, McColl’s stores and human resources will be retained. The 16,000 McColl’s …
China: Danone sells investments in Mengniu Partnership and acquires Dumex
FMCG giant Danone has announced the sale of its 25% remaining stakes in Yashili to Mengniu and the 20% of its holds owned in the Inner Mongolia Dairy joint venture. Simultaneously, the French giant announced the acquisition of the totality of Dumex Baby Food Co Ltd, a Chinese manufacturer of infant milk formula products, that had been previously sold by Danone to Mengniu in …
Portugal: Aldi opens its largest distribution centre
German discounter Aldi invested €60 million ($63.2 million) in the opening of a 57,000-square-metre distribution centre located in Moita, Portugal. According to sources, the new facility, which is part of the retailer’s expansion plan announced in 2020, will supply goods to more than 150 stores and it will centralise Aldi’s logistic operations, which were previously split between the Montijo and Quinta do Anjo platforms. …
India: Adani Wilmar acquires rice brand Kohinoor
India based food firm, Adani Wilmar, has announced the acquisition of the rice brand Kohinoor from McCormick Switzerland GMBH. According to sources, Kohinoor was one of the pioneers in the branded basmati rice in India, and the company has a portfolio that includes the brand Kohinoor for premium basmati rice, Charminar for budget rice, and Trophy for the HORECA segment. This acquisition will give …
Canada: Barry Callebaut to open new factory
Belgian-Swiss cocoa processor and chocolate manufacturer, Barry Callebaut, announced plans to build a new specialty factory in Ontario, Canada. According to the firm’s press release, the new factory will be designed for the purpose of making sugar-free chocolate, high protein, and other various specialty products to meet new demands and an estimated initial production capacity of 50,000 metric tonnes of chocolate products. The president …
USA: Utz Brands buys plant from Benestar Brands
US based salted snack manufacturer Utz Brands has announced that they have purchased a brand-new manufacturing facility in North Carolina from Benestar Brands, with the transaction totaling $38.4 million with $1.3 million in liabilities. According to the company’s statement, the acquisition involved the plant, equipment, and the land where the plant is located. Chief operating officer of Utz Brands, Cary Devore said: “This is …
USA: Jack Link’s to invest $450 million in Georgia expansion
US based meat snack company Jack Link’s has announced plans to expand with a new manufacturing plant in Perry, Georgia. According to sources, the company estimates an investment of $450 million and the creation of 800 new job positions. Chief executive of Jack Link’s, Troy Link, said “We are excited to partner with the state of Georgia and Houston County on this state-of-the-art facility, we are …
USA: Mondelez to buy Ricolino from Grupo Bimbo
Mondelez International, snack and confectionery multinational, has agreed to pay US$1.3bn for the Mexican confectionery business Ricolino from bakery firm Grupo Bimbo. Ricolino was launched in 1970 and sells snacks and confectionery products including lollipops, marshmallows, chocolates, and gummies under its brand name, and Vero, La Corona, and Coronado brands. According to sources, this acquisition is part of Mondelez International expansion strategy outside the …
USA: Mars to open new R&D hub in Chicago
Global confectionery giant Mars Wrigley has announced new investment for an approximately $40 million research and development hub that will be adjacent to its innovation centre in Goose Island, Chicago. According to sources, this expansion will make Chicago the largest innovation hub for the company and it will create 30 new jobs in the innovation centre, leaving the Mars campus with 1,000 employees in …
Canada: Simply Better Brands and Jones Soda to merge
Plant Based and holistic wellness firm Simply Better Brands Corp. and Jones Soda Co, manufacturer and distributor of premium craft beverages, have announced that the two companies have executed a binding letter in which Simply Better Brands will acquire the Jones Soda company and its assets. According to sources, the combination of the two rapidly growing companies is expected to produce an accelerated growth …
USA: Patriot Pickle acquires Farm Ridge Foods
US firm Patriot Pickle, a company by private equity firm Swander Pace Capital, has announced the acquisition of the pickle business from distributor Farm Ridge Foods. Patriot Pickle, which is based in Wayne, New Jersey, manufactures and delivers a variety of refrigerated pickles, sauerkraut, and other pickled vegetable products around the US. Farm Ridge Foods distributes pickle products under its own brand and third-party …
USA: Tyson Foods to invest $208m in rendering facility in Alabama
US multinational food firm Tyson Foods is investing $208 million in a new facility in Hanceville, Alabama, closed to the company’s last rendering facility, which was destroyed in a fire last year. According to sources, the new 121,000 sq. ft rendering facility will be serving many of the state’s poultry processors and others in neighbouring states. The rendering process is said to reduce waste …
UK: Windmill Organics assumes control of Machandel
Netherlands based firm Machandel has sold its 40% share in the business to UK based food firm Windmill Organics, which has owned a 60% majority stake in the business since 2012. Windmill Organics was founded in London in 1978 and sells products in 30 different countries, owning brands such as Biona, Bonsan, and Amisa, that can be found in large retail chains. Windmill will …
Germany: Nestle to acquire majority stake in Ankerkraut
Nestle has announced the acquisition of a majority stake in the German innovative spice mixes maker Ankerkraut, as the European private-equity firm EMZ Partners exits the German business. According to sources, the acquisition is part of the transformation of Nestle’s portfolio acquiring businesses with attractive growth prospects on consumer trends. “Our partnership with EMZ saw Ankerkraut go from strength to strength, and we thank …
UK: Kestrel Foods acquires Just Live a Little Granola
Northern Irish food manufacturer Kestrel Foods has announced the acquisition of non-HFSS granola brand, Just Live a Little Granola. Just Live a Little Granola will be joining Kestrel Foods’ portfolio which includes the Forest Feast and Acti-Snack brands as well as producing private label products in order ‘to continue its growth within the plant-based arena’. After the investment Kestrel Foods will be able to …
USA: Constellation Brands buys remaining stake in Austin Cocktails
Constellation Brands, a leading beverage alcohol company has acquired the remaining interest in ready-to-drink cocktail company, Austin Cocktails, from Austin, Texas. The female-founded Austin Cocktails is said to be rapidly growing and to be famous for its premium, award-winning bottled and canned craft cocktails. According to sources, Constellation Brands’ investment in Austin Cocktails started back in 2018 as part of Constellation Ventures’ Focus on …
Canada: Taylor Farms opens new facility
Leading North American producer of salads and healthy fresh foods, Taylor Farms, has announced the opening of a new facility in Toronto, Canada. According to sources, the new production facility will allow Canadian consumers to have access to Taylor Farms fresh products and, at the same time, it will support local growers and the job market. Kevin Silver, general manager of Taylor Farms Canada …
USA: Mars Wrigley invests $175 million in manufacturing facility
Global confectionery giant Mars Wrigley has announced the investment of $175 million in the expansion of its chocolate manufacturing facility in Kansas. According to sources, the expansion plans include increasing the production of Snickers products as well as introducing two other confectionery bars to manufacture at the facility: Milky Way and 3 Musketeers. Additionally, it will include new equipment to improve the efficiency of …
UK: Post-Holdings acquires Lacka Foods
UK-based Post Holdings, Weetabix breakfast cereal maker, has acquired UFit protein shakes brand owner Lacka Foods. Founded in 2012, Lacka Foods manufactures high-protein and high-fibre shakes fortified with vitamins and minerals that also include a range of vegan, plant-based options made with pea protein and coconut milk. According to sources, the company will operate independently after the transaction and no changes will be made …
UK: Diageo acquires 21Seeds
Alcoholic drinks firm Diageo has announced the acquisition of 21Seeds, a rapidly growing flavoured tequila infused with real fruit juice brand. According to sources, 21 Seeds was founded in 2019 by three female entrepreneurs, Kat Hantas, Nicole Emanuel, and Sarika Singh with the goal of creating great-tasting, smooth spirits with a light touch flavour, easy to mix and enjoy. After the deal, they will …
Germany: Lactalis to acquire BMI dairy assets
French dairy company Lactalis has entered into an agreement to acquire dairy businesses and brands of German company Bayerische Milchindustrie eG (BMI). According to sources, the agreement includes the firm’s production of fresh milk, yoghurt, quark, cream and ayran – a yoghurt beverage – as well as the manufacturing site in Wurzburg, Bavaria. BMI currently operates seven production facilities in Bavaria and Saxony-Anhalt and …
Australia: Proper Crisps opens new manufacturing plant
Proper Crisps, a New Zealand crisps brand, has announced the opening of a new manufacturing plant in Yarra Valley, near Melbourne, to manufacture its crisps using Australian potatoes. According to sources, Proper Crisps has been selling New Zealand made crisps in Australia since 2019 and the demand for their products in Australia doubled in 2021. With this investment, the firm is aiming to continue …
Japan: Maruha Nichiro invests in Happi Foodi
Maruha Nichiro, a seafood processor, has announced that it has invested in US based frozen-food business Happi Foodi. Happi Foodi, which was originally a producer of Belgian waffles called Waffle Waffle. was renamed Happi Foodi after a rebranding in 2018, as it started to diversify, producing frozen ready meals, pizza, snacks, and appetisers. According to sources, Happy Foodi supplies its products to retail chains …
USA: Coca-Cola launches pixel flavoured drink
Soft drinks giant Coca-Cola has announced the launch of Coca-Cola Zero Sugar Bite, the second drink from Coca-Cola Creations and the first Coca-Cola flavour born in the metaverse, released to physical retail afterwards. According to sources, the limited-edition drink will be introduced digitally on an island created in Fortnight Creative and it will be sold in twin packs – one can drink and the …
UK: Fox’s Biscuits and Burton’s Biscuits to merge
UK based biscuit companies Fox’s Biscuits and Burton’s Biscuits, owned by Ferrero, are merging into a single business called Fox’s Burton’s Companies UK. According to sources, on the 28th March 2022, the two firms merged and will now be led by Simon Browne, the previous head of Burton’s Biscuits. Simon Browne said: “After many years of looking at one another, we are excited about …
UK: Lidl to open the largest Distribution Centre in Luton
German discount retailer Lidl has announced that it is opening a distribution centre in Luton, UK. The construction of the new 1.2million sq ft Lidl Regional Distribution Centre (RDC) is said to have started last year and the retailer is now looking to recruit warehouses jobs and expects to employ 1,200 people by 2025. Vacancies for operation managers to support roles in HR and …
South Korea: Diageo to sell Windsor business to Bayside/Metis
UK based multinational firm Diageo, producer of alcoholic beverages, has announced the agreement to sell its premium Scotch whisky brand, Windsor, to Bayside/Metis, a South Korean private equity group. According to sources, the agreement includes the brand’s W Series, and Bayside Private Equity and Metis Private Equity consortium are purchasing it for the price of KRW 200 billion (around $164 million). Sam Fischer, president …
South Africa: Tiger Brands to invest in Herbivore Earthfoods
South African consumer goods firm Tiger Brands has announced the investment in Herbivore Earthfoods, a producer of plant-based and vegan products. According to sources, Herbivore Earthfoods produces a vast range of alternative dairy and meat substitute products. This investment will allow Tiger Brands to reach new consumers looking for products that are healthier, with high nutritional benefits, and plant-based meat products, a type of …
USA: Local Bounti acquires Hollandia Produce Group
US based Indoor farming company Local Bounti has announced that it is acquiring the rival indoor farming company Hollandia Produce Group for $122.5 million. According to sources, the acquisition of Hollandia, which sells its products under the Pete’s brand name, may offer financial stability to Local Bounti as the Hollandia’s revenue totaled $22.7 million in 2021 with the gross margins reaching 45%, whereas Local …
UK: 2 Sisters Food Group acquires Banham Poultry
UK chicken giant 2 Sisters Food Group has recently acquired British poultry producer Banham Poultry. According to sources, the Competition and Markets Authority announced that it had rubber-stamped the deal on the 25th March 2022, after a merger inquiry back in January on the initial review of the purchase. Ranjit Singh Boparan, CEO of 2 Sisters Food Group, made a move to purchase Banham …
UK: PZ Cussons acquires Childs Farm
Consumer goods firm PZ Cussons has announced the acquisition of Childs Farm, the UK’s leading baby and children’s personal care brand. According to sources, after the investment, the maker of Carex soap and Original Source shower gel PZ Cussons will hold a 92% stake in Childs Farm for a total of £36.8 million ($48.5 million). Childs Farm portfolio includes bath and shower, skincare, and …
Canada: Walmart to build high-tech fulfillment centre
US-based retailer Walmart Canada is investing over $118 million to build a high-tech fulfillment centre in Alberta, Canada. According to sources, the 430,000 sq. ft warehouse, located in Rock View County, will be a delivery hub for orders in Western Canada. The investment is said to be part of the retailer’s strategy to improve shopping experiences both online and in-store and will allow the …
France: Coca-Cola invests in manufacturing site
Coca-Cola Europacific Partners has announced an investment of €30 million ($32 million) to create a new production line in its manufacturing facility located in Dunkirk, France. According to Coca-Cola, the site produces a wide range of packs and sizes, and also produces aseptic, which is needed to make still drinks. François Gay-Bellile, CEO of CCEP France said: “Coca-Cola has been produced in France for …
USA: Goode Partners to invest $30 million in Jocko Fuel
Private equity firm Goode Partners has announced a minority investment of $30 million in Jocko Fuel a provider of premium sport and lifestyle nutritional products. Founded in 2017, Jocko Fuel is a provider of a broad range of premium sports nutrition products, that focus on clean, natural, and functional ingredients offered in several formats such as clean energy drinks, powders, and capsules. “The strategic …
Canada: Diageo to build carbon-neutral Crown Royal distillery in Ontario
Diageo, the leading alcoholic drinks company, has announced the opening of a CAD$245 million ($194million) carbon neutral distillery in Ontario to support the growth ambitions for its Crown Royal Canadian whisky brand. The new distillery will be built according to Diageo’s ‘Society 2030:Spirit of Progress’ sustainability action plan which will operate with 100% renewable energy. It will have the capacity to produce up to 20 …
Poland: Ocado to partner with Auchan Poland to develop online business
Digital grocery specialist Ocado has announced its partnership with Auchan Poland to help the retailer develop the online business using the Ocado Smart Platform. Ocado and Auchan Poland will build a customer fulfillment centre in Warsaw starting in 2024, with more centres to be built after that. Ocado said that Auchan will benefit from its in-store fulfillment software that will enable more efficient picking …
USA: Nestle to invests $675 million to build a factory in Arizona
Nestle USA has announced an investment of $675 million to build a new factory in Glendale Arizona to meet the growing demand for its products. The new facility will produce creamers for Nestle’s category-leading portfolio, including the Coffee mate, Coffee mate natural bliss, and Starbucks brands. “Beverages play an increasingly important role in the lives of consumers, a trend that’s been accelerated by the …
USA: LT Foods to acquire Golden Star Trading
Global food company LT Foods through its subsidiary LT Foods Americas has acquired a 51% controlling stake in Golden Star Trading Inc. along with its brand Golden Star. Golden Star Trading is an American company that markets jasmine rice products under the Golden Star brand being all GMO free, gluten free, and natural and/or organic. With the acquisition, LT foods will be able to …
India: Fonterra and Future Consumer end partnership
New Zealand dairy firm Fonterra and Indian food-led FMCG company Future Consumer have agreed to end their dairy joint venture in India. Fonterra is a global dairy nutrition company owned by 10,000 farmers and their families, united by a fundamental belief in the power of dairy to make a difference, while Future Consumer builds brands for India’s Fast Moving Consumer Generation. The joint venture …
USA: PepsiCo to invest $260 million to expand facility in Georgia
PepsiCo, the global snacks and drinks giant, has announced the investment of $260 million in its manufacturing facility in the city of Tucker, Georgia. The expansion will create about 136 new full time jobs, bringing up PepsiCo’s total workforce in DeKalb county to over 600. The facility will be expanded by more than 260,000 sq feet as well as is expected to increase production …
Netherlands: Group of Butchers to acquire Menken Keuken
The market-leading provider of premium artisanal meat products, Group of Butchers, has announced the acquisition of Menken Keuken. The acquisition will allow Group of Butchers to expand its portfolio of private label products with the addition of salads, dips, and tapas. Founder in 1997, Group of Butchers supplies meat products, ready meals vegetarian products, soups, and salads to supermarkets in the Netherlands, Germany, and …
UK: Real Drinks Group to acquire Beer Britannia
Real Drinks Group, known for bringing its innovative drinks to the market, has acquired the UK beer specialist distributor Beer Britannia for an undisclosed sum. The Real Drink Group will continue to curate, supply, and package branded and private label drinks, while Beer Britannia will complement and expand the offering of Real Drink Group into the off trade market across supermarkets, convenience stores, and …
UK: Little Moons sells minority stake to L Catterton European fund
Little Moons company, a family-run ice cream premium company, has sold a significant minority shareholding to private-equity firm L Catterton, for an undisclosed sum. Founded in 2010, Little Moons produces “ice cream from another world”, bite-sized balls of artisanal gelato wrapped in a layer of mochi dough without preservatives or artificial ingredients. Howard Wong, co-founder of Little Moons said, “This transaction marks an exciting …
Israel: Carrefour to enter Israel in partnership with Electra Consumer Product
Global retail giant Carrefour has announced a partnership with Electra Consumer Products and its subsidiary Yenot Bitan as part of its expansion strategy. This partnership will allow the global retailer to open stores under the Carrefour banner in Israel before the end of 2022 and will allow the sale of Carrefour branded products in more than 150 Yenot Bitan stores before summertime. Zvika Schwimmer, …
USA: Kroger partners with Impossible Foods to develop plant-based products
Kroger, the leading US grocery retailer, has announced a partnership with plant-based food developer Impossible Foods to expand Kroger’s meat-free offering under the private label Home Chef brand, according to a Food Business News report. The Home Chef brand, which Kroger acquired in 2018, is said to encompass more than 500 products including ready meals, meal kits, and ready-to-eat products. Commenting on the partnership, …
USA: Fermented Food Holdings acquires fermented food brands Wildbrine and Bubbles
Fermented Food Holdings, a recently-established specialist food company that aspires to become a category leader, has announced it has acquired the Californian food brands Wildbrine and Bubbies. Both companies produce fermented produce ranging from pickles and sauerkraut to kimchi and salsa, Fermented Food Holdings said. Wildbrine has also recently released a new WildCreamery brand with the aim of producing cultured plant-based dairy alternatives. Commenting …
USA: Diageo opens new FAB canning facility in Illinois
The North American subsidiary of alcoholic drinks multinational Diageo has invested $110 million in a new 25,000 sq ft facility for canned flavoured alcoholic beverages (FABs) in Plainfield, Il, USA to supplement existing ready-to-drink production in the area. According to Diageo, the new facility has two high-speed lines with capacity to produce more than 25 million cases of malt-based beverages and spirit-based ready-to-drink (RTD) …
USA: Rowdy Energy launches ‘calorie-burning’ energy drink
Rowdy Energy, a US-based manufacturer of energy drinks, has announced the launch of Power Burn, a new product that is claimed to burn up 135 calories per can, in addition to having energising benefits. Launched in Pink Lemonade, Pineapple Passionfruit, Mango Dragonfruit, and Watermelon varieties, Power Burn energy drink is described as containing only 5 calories per can and as providing 160mg of natural …
Finland: Gold&Green Foods to be acquired by Valio
Leading Finnish food firm Valio has announced it has entered into an agreement to acquire Gold&Green, known for the Pulled Oats plant protein brand, from food and drinks firm Paulig for an undisclosed sum. The agreement includes all the rights to the Gold&Green brand, intellectual property, and research and development, but does not include other Gold&Green Foods operations or the Gold&Green Foods production site …
USA: Breakthru Beverage Group to acquire JJ Taylor’s Minnesota business
US-based alcoholic drinks firm Breakthru Beverage Group has announced it has signed an agreement with beer distributor JJ Taylor to acquire and integrate the latter’s business in Minnesota. The move will strengthen the company’s position as it continues to expand its range of services and products, Breakthru Beverage Group said. The acquisition is expected to close later this spring season, and will also offer …
Italy: Heineken to invest €73 million in Italian facility
Heineken, the multinational Dutch brewer, has announced the investment of €73 million in Italy to modernise and expand its brewery in Assemiri, Cagliari. The investment will be used to renovate the existing machinery and add new three warehouses to store material and products. According to sources, the investment will support the growth of the beer production in Sardinia, with a positive impact on both, …
USA: Riviana Foods to acquire InHarvest for $48.75 million
Leading Spanish company Ebro Foods through its American subsidiary Riviana Foods has reached an agreement to purchase the assets of InHasvest for $48.75 million. InHarvest is a premier provider of rice, rice blends, exotic grains, & legumes with a strong presence in the industrial (B2B), Food Service, and Private Label businesses. The deal includes two production plants in California with a workforce of 140 …
Brazil: Nestle to invest over BRL$1.8 billion in 2022
FMCG multinational Nestle has announced plans to invest over BRL$1.8 billion ($352.9 million) in Brazil this year. According to sources, 40% of this investment is planned to be applied to a new plant, located in Vargeao (Santa Catarina), to produce Nestle Purina products. The new factory is already under construction since January this year. The company also plans to invest BRL$1.1 billion ($215 million) …
Germany: Henkel to merge Laundry & Home Care and Beauty Care
German household and personal care giant Henkel has announced the merger of its Laundry & Home Care and Beauty Care businesses into one unit, in a press release reporting its annual results and growth agenda. According to Henkel, the new Henkel Consumer Brands business unit will create a ‘multi-category platform’ for the consumer business under one roof. The integration is said to have already …
USA: Kraft Heinz announces partnership with TheNotCompany
Multinational FMCG firm, The Kraft Heinz Company, has announced a joint venture with food tech start-up TheNotCompany in order to accelerate plant-based innovation globally. According to Kraft Heinz, the partnership’s goal is to reimagine food production and move toward a more sustainable future. By forming the partnership, the companies will be able to join forces to develop new plant-based co-branded versions of products, using …
USA: Coca-Cola launches space-inspired drink
Multinational drinks company, The Coca-Cola Company, has announced the launch of a space-inspired drink, under the Coca-Cola Starlight brand name. According to the company, the limited-edition series, part of its global innovation platform Coca-Cola Creations, was inspired by ‘the infinite possibilities of space’, and it fuses the signature Coca-Cola flavour with ‘unexpected touches, including a reddish hue and cooling taste sensation evoking the feeling …
Germany: Rewe to invest €5 billion to expand international business
German retailer, Rewe Group has announced its plan to invest €5 billion between 2021 and 2025 to expand its international business. According to sources, the company’s target is to increase organic gross sales to more than €20 billion by 2025, and the number of stores to around 5,000. At the moment, Rewe counts with about 4,500 stores spread in Austria, the Czech Republic, Italy …
USA: Golden Grail to acquire children’ beverage Tickle Water
Golden Grail, a fast-growing company in the beverage sector, has announced the acquisition of Tickle Water, an innovative, premium sparkling water created for children, for an undisclosed amount. Founded in 2016, Tickle Water is a naturally flavoured sparkling water free from GMOs, gluten, sugar, sodium, calories, sweeteners, preservatives, and also Kosher certificated, available in four flavours, orange mango, watermelon, grape, and green apple. “Tickle …
Indonesia: Mondelez to invest $23 million to expand Oreo production facility
Mondelez International, the snack and confectionery multinational, has announced it has completed a $23 million expansion of its Oreo facility in Indonesia. The investment will increase the production capacity of the biscuits factory, by using the latest technologies, to meet the growing demand of consumers in 35 countries across Southeast Asia and the broader Asia Pacific and Middle East region. “I am very proud …
USA: Peak Rock Capital affiliate to acquire Ziyad Brothers
Peak Rock Capital affiliate has announced the acquisition of Ziyad Brothers, a Middle Eastern and Mediterranean food distributor. Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. “Ziyad represents a unique opportunity to invest in an exceptional business and team that has differentiated itself as the unparalleled authority on Middle …
Canada: GFI to acquire plant-based milk and snack brand YoFiit
Global Food and Ingredients (GFI) has announced the acquisition of Your Fitness Dish, a premium plant-based milk, and snack food company operating under the YoFiit brand. YoFiit is a manufacturer of high protein plant-based milk made with chickpeas, pea protein, and flax oil, and high protein plant-based and low sugar bars and granola. “We are very pleased to accelerate our plans to expand into …
Switzerland: Aryzta to double Malaysian bakery capacity
International bakery company Aryzta has doubled its manufacturing capacity in Malaysia by acquiring the bakery, equipment, and the corresponding land of co-manufacturer De-Luxe Food Services from Envictus International Holdings. The option to acquire the assets was part of the original agreement with Envictus, and it doubles the company’s manufacturing capacity in breads, buns, and pastries, which will help to meet its growing customer demands …
Ireland: Ornua to expand offering in Middle East and Africa
Ornua, the Irish dairy cooperative, has announced plans to expand its product offering into the Middle East and Africa. The company has announced the launch of Kerrygold butter sticks, in Saudi Arabia, Kuwait, and Jordan. The dairy product is made from the milk of grass-fed cows and offered in a format of 100g. Ornua will also launch a new pizza cheese range targeted at …
Denmark: Dagrofa Group to invest in network expansion
Dagrofa Group, the parent company of Spar Denmark, has announced the investment of DKK 450 million ($68.35 million) over the next three years in three of its retail chains, including Spar Denmark. The plan includes the development of a new retailer model to attract more independent retailers, where the new license model will be based on shared earnings with retailers and support retail development. …
Canada: Above Food to acquire Sonic Milling Systems
Canadian plant-based company Above Food, has announced the acquisition of Sonic Milling Systems, a food technology company focused on developing processing techniques for plant-based ingredients and products. Sonic Milling uses water and pressure to create microscopic air bubbles capable of breaking apart a diverse range of ingredients such as grain, pulses, fruits, and vegetables into clean-label liquids and sauces without the need for stabilizers …
Turkey: Azelis to acquire ingredient manufacturer Tunçkaya
Azelis, a leading provider of food and chemical ingredients, has announced the acquisition of Tunckaya, a distributor of food ingredients and additives in Turkey. According to Azelis’ press release, the acquisition strengthens its position in the fast-growing Turkish market for food. “We’re very happy to bring Tunçkaya into the Azelis family. Their strong relationships in the food market and general market position is a …
Pakistan: FrieslandCampina Engro Pakistan to launch Pakistan–Netherlands Dairy Development Centre
FrieslandCampina Engro (FCE) has announced the launch of the Pakistan-Netherlands Dairy Development Centre in collaboration with the University of Veterinary and Animal Sciences. According to the company’s press release, the centre will focus on sharing Dutch dairy expertise with Pakistani experts and decision-makers in dairy research and the dairy industry. The centre will offer conferences, training, research projects, PhD development, experience visits and policy …
USA: Heaven Hill to acquire Samson & Surrey
Heaven Hill, a large, independent, family-owned, and operated distilled spirits supplier, has acquired Samson & Surrey a premium spirits company, owner of a wide portfolio of craft whiskey brands for an undisclosed sum. The acquisition expands Heaven Hill’s portfolio with six high-growth, super-premium brands, Tequila Ocho, Widow Jane American Whiskey, FEW Spirits, Brenne French Whisky, Bluecoat Gin and Mezcal Vago, and facilities. “Throughout our …
Switzerland: Nestle Health Science to acquire majority stake in Orgain
Nestle Health Science, a business unit of Nestle SA, has acquired the majority stake in Orgain, a leading company in the plant-based nutrition business. According to Nestle’s press release, the acquisition will complement Nestle Health Science’s portfolio of nutrition products. Founder in 2009, Orgain makes protein-based shakes, powders, and snacks based on the belief that everyone deserves access to good, clean nutrition. “Nutritional protein …
USA: Benestar Brands to acquisition 4505 Meats
Leading salty snacks company with operations across the US and Mexico, Benestar Brands, has announced the acquisition of pork rind producer 4505 Meats. The acquisition will expand the wide portfolio of brands that Benestar owns in the snack category. 4505 Meats offers keto-friendly and paleo-certified meat snacks that it says are made prioritizing quality and using all-natural ingredients and responsibly raised meats. The company’s …
India: Healthways to opens new site in Gorakhpur
Healthways Dairy & Food products, one of India’s emerging dairy companies, has opened a new dairy facility in Gorakhpur to meet the demand of consumers in the region. According to sources, the new dairy facility, which has been equipped with best-in-class technology, will cut the journey and will make more accessible dairy products to the people of Gorakhpur and neighboring areas. Healthways Managing Director …
UK: Tesco to close Jack’s discount stores
UK-based supermarket chain Tesco has announced the closure of seven of its 13 Jack’s discount stores, while the other six remaining outlets will become Tesco stores. Tesco opened Jack’s store in 2018 with the promise to be “the cheapest in town” to win back shoppers from German discount stores Aldi and Lidl. According to sources, Tesco will try to find alternative roles for the …
Mexico: Industrias Bachoco to acquire RYC Alimentos
Mexican leading poultry processor, Industrias Bachoco has announced the acquisition of RYC Alimentos, a multi-protein meat processor, and distributor. The deal includes two processing facilities and around 21 stores located in four states of the Mexican Republic. Founded in 1983, RYC is a market leader in the meat industry, distributing premium quality food products in Mexico and part of the United States with a …
Canada: Leclerc Foods to open facility in Ontario
Canada-based cookies, crackers, and bars manufacturer Leclerc Foods has announced the acquisition of a 790,197 square-foot production facility in Brockville, Ontario. The acquisition is part of the company’s strategy to expand the business where C$100 million will be invested over the next five years and 200 new jobs will be created within the first two years of operation. The facility will be Leclerc’s largest …
UK: Unilever to cut 1,500 management jobs
Unilever, the multinational consumer goods giant has announced it will cut 1,500 management jobs globally as part of the changes in its organisation model. The company’s re-organisation comes under intense pressure from shareholders to boost growth. Unilever will move from three to five distinct business groups: beauty & wellbeing, personal care, home care, nutrition, and ice cream. It will reduce its senior management roles …
Saudi Arabia: Kerry Group to open a new facility in Saudi Arabia
Global food manufacturer Kerry Group has expanded operations in Saudi Arabia with the opening of a new 21,500-square-foot facility at the Jeddah site. The new facility, which is Kerry’s largest in the Middle East, Nort Africa can Turkey (MENAT) region, employs 130 people, and it will help companies to meet the growing consumer demand for healthier and more sustainable food and beverages. “Today’s consumer-led …
UK: Diageo to sell Meta Abo Brewery to BGI in Ethiopia
Diageo, the leading alcoholic drinks company, has entered into an agreement to sell its Ethiopian brewery Meta Abo Brewery to BGI, a subsidiary of the French multinational Casteel Group. Meta Abo Brewery was acquired by Diageo in 2012 for US$225 million, and since then, the company has invested US$344 million to expand and transform the brewery industry in Ethiopia. The company brews bottled and draught beer …
Canada: Eat Beyond to acquire Mylk Brands
Eat Beyond Global, an investment issuer focused on innovative food tech as well as plant-based and alternative food products, has entered into a definitive agreement to acquire Mylk Brands owner of Banana Wave for C$11.5 million. US-based, Banana Waves has a portfolio of five gluten-free, soy-free, and non-GMO beverages made from oats and real banana. All varieties have 90 calories or fewer and contain vitamin …
USA: C.H. Guenther & Son to acquire Baldinger and Sons bakeries
Branded and private label food multinational C.H. Guenther has announced the acquisition of Baldinger-Sons bakeries for an undisclosed sum. The acquisition of Minnesota-based Baldinger bakery and Canada-based Sons bakery will help C.H. Guenther & Son to expand its bakery manufacturing capacity and strengthen relationships with quick-service restaurant customers. Founded in 1888, Baldinger bakes hamburger buns, rolls, bagels, and other bakery items for multinational quick-service …
USA: Vintage Wine Estates to buy Meier’s Beverage Group
Winery company Vintage Wine Estates has announced the acquisition of Meier’s Wine Cellars, doing business as Meier’s Beverage Group. Founded in 1895, Meier’s is a leading producer, bottler, importer, and marketer of specialty beverage alcohol and non-alcohol products. The company owns a bonded winery, brewery, and distilled spirits plant with processing, blending and bottling capabilities for a broad variety of beverage alcohol and non-alcoholic products, including …
USA: DouxMatok to partner with Blommer to product reduced-sugar chocolate
Israeli-based food tech company DouxMatok has partnered with Blommer Chocolate to produce and sell a portfolio of chocolate products made with significantly less sugar content. DouxMatok offers sugar-based sugar-reduction solutions in response to consumers’ clear preference for taste and growing demand for healthier foods. The company produces Incredo Sugar, a product made from real cane or beet sugar, which allows for up to 50% …
UK: Aldi to open first Shop&Go store in London
German discount retail giant Aldi has opened its first Shop&Go store in London which uses state-of-the-art technology to allow customers to shop without scanning the products or going through the checkout. To use the checkout-free store, customers will have to download the Aldi Shop&Go app and register an account which will allow them to enter the store and pick up the products. Once the …
USA: Planting Hope Company to acquire RightRice from Betterer Foods
Planting Hope Company, a manufacturer of plant-based food and beverages, has entered into a definitive agreement to acquire Betterer Foods, the producer of legume-based rice alternative RightRice, for $7 million. RightRice is a shelf-stable, non-GMO, gluten-free, plant-based, and kosher vegetable grain that is a blend of over 90 percent vegetables, including lentils, chickpeas, green peas, and rice, that delivers on both taste and nutrition. …
USA: Welch Foods to expand facility in Michigan
Global food manufacturer Welch Foods has announced plans to invest $26.3 million to expand its facility in Michigan. As part of the expansion, Welch’s will build a new bottling line to meet the increasing demand for single-serve beverages, creating up to 57 new jobs. “Welch’s is pleased that our close partnership with UFCW Local 825 has enabled us to commit to this investment, which …
USA: US Beverage to form joint venture to acquire Uinta Brewing
American leading beverage company has announced that it has formed a joint venture to acquire independent craft brewer Uinta Brewing for an undisclosed sum. Founded in 1993, Uinta produces award-winning beers in a wide variety of styles and flavours. “Uinta is a strong brand with a state-of-the-art brewery. The team and culture that has been developed over the years is second to none in …
USA: Simmons Foods to expand facility in Arkansas
Simmons Foods has announced its plans to invest $100 million in the expansion of its prepared food facility in Arkansas. The expansion will meet the growing demand for cooked products at the same time that supports the local economy. The 65,000-square-foot expansion of the existing facility will add two automated production and packaging lines, creating 100 new jobs, including highly skilled positions to support …
UK: Regal Food Products Group to buy Just Desserts
Yorkshire-based food company Regal Food Products Group has announced the acquisition of premium dessert manufacturer Just Desserts for an undisclosed sum. Founded in 1985, Just Desserts bakes over 130 hand-crafted desserts and cakes including tarts, cheesecakes, and gateaux distributed throughout the foodservice industry. Younis Chaudhry, CEO of Regal Food Products Group, commented: “We immediately recognised a business that presented itself with opportunity, not just …
Canada: Regal Confections to acquire Kisko Products
Canadian leading distributors of global candy and chocolate confectionery brands Regal Confections has acquired local ice lolly firm Kisko Products for an undisclosed sum. Kisko is a manufacturer of freezer pops owning brands such as Mr. Freeze, Kisko and Mrs. J’s Natural, and licensed brands including Welch’s, Mott’s, and Crush. Mark Josephs, President of Kisko Products said, “We are incredibly proud of the impact …
USA: MidOcean Partners to acquire Casper’s Ice Cream company
Private equity firm MidOcean Partners has announced the acquisition of Casper’s Ice Cream, a manufacturer and distributor of frozen novelty and ice cream products in the United States. Founded in 1925, Casper’s Ice Cream produces a wide range of frozen products including ice cream sandwiches, cones, bars, sticks, cups, and other formats under brands such as FatBoy, Jolly Llama, and ChurnBaby. Daniel Penn, Managing …
USA: Constellation Brands to partner with Coca-Cola to launch alcoholic beverage
Leading beverage alcohol company Constellation Brands has entered into an agreement with The Coca-Cola Company in the United States to bring the Fresca brand into the beverage alcohol sector. The partnership will launch a new product this year, the new Fresca Mix, a distinctive line of spirit-based, ready-to-drink cocktails. “The Coca-Cola Company’s FRESCA® brand is not only trusted by consumers, but also directly delivers …
Canada: AB InBev to launch Corona Sunbrew a non-alcoholic beer with vitamin D
AB InBev-owned beer company Corona is launching Corona Sunbrew an innovative non-alcoholic beer which vitamin D. The ‘innovative, first-of-its-kind, non-alcoholic beer’ is said to contain 30% of the daily value of vitamin D in 330ml serving. The new Corona Sunbrew beer is made by extracting alcohol from Corona Extra and then blending the non-alcoholic beer with vitamin D and natural flavours. Felipe Ambra, global …
Netherlands: Schouten Europe to buy Nijland Food
Dutch family business of meat and alternative products, Schouten Europe, has announced the acquisition of Nijland Food from Goor, which recently declared bankruptcy. Both companies have been working together for twelve years, Nijland has been packaging products for Schouten and has also produced some Schouten products. According to sources, the acquisition of Nijland does not mean that Schouten will produce and package all its …
Gama News – October – December 2021
The October – December 2021 edition of Gama News is now available. In this edition: o Innovation Insight: Dug Potato-Based Milk o Gama Innovation Conference & Awards 2021 o Look Ahead: Saeed Al Mansouri, SIAL Middle East 2021 CLICK HERE to read it now.
USA: JM Smucker to sell natural beverages and grain business
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital for $110 million. The sale includes assets of RW Knudsen and TruRoots brands, a licensing agreement for Santa Cruz Organic beverages and manufacturing facilities in Chico, California, and Havre de Grace, Maryland. Tina Floyd, vice president and general manager …
USA: The Urgent Company to acquire Coolhaus ice cream
Perfect Day a subsidiary of The Urgent Company has announced the acquisition of US-based ice cream maker Coolhaus and announced plans to turn it into an animal-free brand. Coolhaus is a leading women-owned ice cream brand and a pioneer in dessert innovation and novelties with its thoughtfully-crafted, super-premium, and innovative ice cream and plant-based frozen desserts. “Bringing together our social and climate missions is …
Finland: Fazer to acquire plant-producer Trensums Food
Fazer, the leading Finnish bakery and confectionery firm, has announced the acquisition of the Swedish plant-based drink producer Trensums Food from Profuragruppen for an undisclosed sum. Trensums Food is a growth company and a leading oat drink producer in Europe, the company was the first in the world to commercially produce oat drinks selling its products to a large part of the world. The …
USA: Hain Celestial to acquire That’s How We Roll brands
Hain Celestial, a North American organic and natural products company, has announced that it has entered into an agreement to acquire That’s How We Roll brands, ParmCrisps and Thinsters, for approximately $259 million. ParmCrisps and Thinsters are better-for-you brands made of simple ingredients. While ParmCrisps are high-protein, low-carb cheese crisps and snack mixes, Thinsters are crispy thin cookies made from high-quality, non-GMO ingredients. “We …
Milk alternatives bet on the power of potato
The latest innovation insight from Gama Compass MANCHESTER – 16th December 2021: This month’s Innovation Insight shines a spotlight on a launch looking to shake up the dairy alternatives category through the power of the humble potato – Dug Potato-Based Milk. Recently launched by Sweden’s Veg of Lund and positioned as “the most sustainable alternative” to conventional milk on the market, Dug Potato-Based Milk sees …
Italy: JBS to acquire King’s Group and Principe charcuterie brands
Global protein-based food company, JBS, has entered into an agreement to acquire King’s Group by its subsidiary Rigamonti. The deal will help JBS to strengthen its presence in the United States and Europe. With an investment of €82 million (US$ 92.5 million), the company acquires four plants in Italy and the entire operation of Principe in the United States, having a portfolio and structure …
Indonesia: Yili Group to open a new facility in Indonesia
Asian dairy producer has opened a $139 million ice cream facility which will become the country’s largest ice cream factory in Indonesia. The facility will have a daily production capacity of four million ice cream to meet the increasing demand for Joyday ice cream products, and it is expected to create more than 5,000 new jobs. “Local consumers’ clear preference for and trust in …
Germany: Kraft Heinz to acquire majority stake in Just Spices
Multinational food company The Kraft Heinz Company has announced the acquisition of an 85% stake in German-based company Just Spices for an undisclosed sum. According to sources, the remaining 15% ownership stake in Just Spices will be retained by its three founders who will remain with the company once the acquisition is complete. Founded in 2014, Just Spices is a manufacturer of spices blends …
Mexico: Constellation Brands to build a brewery in Mexico
Constellation Brands, the leading international beer, wine and spirits firm, has announced plans to build a brewery in southeastern Mexico with an estimated cost of $1.3 billion. The announcement comes two years after the closure of a nearly completed $1.4 billion plant in the city of Mexicali near the US-Mexico border after residents voted against the project. According to sources, the announcement of the …
Ireland: McCain Food to invest in Strong Roots
Potato and frozen food specialist McCain Foods has announced the investment of $55 million for a minority stake in Strong Roots, a plant-based frozen food company based in Ireland. The partnership will allow both companies to meet the rising consumer demand for healthy and natural food products. Strong Roots will continue to operate independently however will use McCain Foods’ global presence to expand its …
UK: Brothers Drinks to reacquire Babycham brand from Accolade Wines
Brothers Drinks Co has reached an agreement with Accolate Wines to reacquire the sparkling perry brand Babycham. Launched in 1953 and invented by Francis Showering, who helped start Brothers Drinks, Babycham was a popular alcoholic drink during the 60s and 70s described as a light, sparkling perry made from pear and soda water and has an ABV of 6%. “We are proud to welcome …
UK: AG Barr to acquire Moma Foods
British soft drink maker AG Barr has entered into an agreement to acquire a 60% majority stake in plant-based milk manufacturer Moma Foods and plans to take full ownership of the company over the next three years. Founded in 2006, Moma is a manufacturer of dairy-free oat milk, bircher muesli, porridge, and low-sugar granola. Tom Mercer, founder, and chief executive at MOMA Foods, said: …
Germany: Beiersdorf to introduce eco-friendly aerosol can for Nivea Ecodeo range
German health and beauty company Beiersdorf has introduced a more climate-friendly aerosol valve system for its Nivea Ecodeo products as well as a range of 100% recycled aluminium cans. Some of the Nivea Men deodorants and most of the Nivea Men shaving gels will be available in this type of climate-friendlier packaging on the European market. Beiersdorf teamed up with the UK-based company, Salford Valve …
USA: Planterra Foods to open a new manufacturing facility in Denver
JBS owned Planterra Foods has announced the opening of a new 189,000-square-foot manufacturing facility in Denver. The new facility will increase Planterra’s production capacity of plant-based protein products, allowing the brand to reach new customers and retailers and it will generate 200 new jobs. “This is a huge milestone for Planterra Foods, and a dream come true to be manufacturing our OZO products here …
Spain: Ferrero to acquire remaining share of ICFC
Italian confectionery group Ferrero has announced the acquisition of remaining shares of the Ice Cream Factory Comaker and relevant group companies (ICFC). Ferrero initially acquired a controlling stake in ICFC in July 2019, to support its long-term strategic goals in the ice cream market. ICFC is a company specialised in private label ice creams distributing its product to several countries. According to the company’s …
Ireland: Tesco to acquire Joyce’s supermarkets
Supermarket chain Tesco Ireland has announced the acquisition of ten Joyce’s supermarkets based in Galway for an undisclosed sum. The acquisition is the first significant investment made by Tesco since it entered the Irish market in 1997 and it is part of its strategy to grow its store’s footprint bringing quality and value to more customers. The stores will be rebranded as Tesco stores …
USA: Hungry Squirrel to open a new facility in Texas
Keto-friendly sauce and dressing company, Hungry Squirrel, has announced the opening of a new facility in Texas. The new facility will help the company to expand operations and serve the growing demand for keto-friendly all-natural products created for people with food limitations. Founder and CEO of Hungry Squirrel, Sandra DiCicco commented, “We are very excited to open our newest location in the great state …
Philippines: Universal Robina to acquire Munchy Food Industries
Philippines-based food and drink company Universal Robina Corporation (URC) has announced the acquisition of Munchy Food Industries for MYR 1.93 billion (approx. $453.8 million). Founded in 1991, Munchy Food Industries is a Malaysian- based biscuits manufacture with a wide portfolio of brands such as Munchy’s Cream Crackers, Lexus Cream Sandwich, Oat Krunch, Muzic Wafer, and Choc-O cookies, selling its product in over 50 countries …
Look Ahead: Saeed Al Mansoori, SIAL Middle East 2021
Gama spoke to Saeed Al Mansoori, Executive Director of Capital Events LLC at ADNEC Group, ahead of the 2021 edition of SIAL Middle East. What are your expectations for the 11th edition of SIAL Middle East? We are very much looking forward to the 11th edition of SIAL ME and welcoming people to ADNEC once again. The event is the perfect …
USA: General Mills to sell European dough business to Cérélia
US food giant General Mills has agreed to sell its European dough business to Cérélia, a global leader in ready-to-bake dough solutions. The transaction, which is expected to close by the end of fiscal 2022, includes General Mills branded and private label dough business in Germany, the UK, and Ireland, including the Knack & Back and Jus-Rol brands. According to a statement released by the …
USA: BlueTriton Brands to acquire Saratoga Spring Water
Natural spring water company BlueTriton Brands has announced the completion of the acquisition of certain assets of Saratoga Spring Water Company (SSWC). Founded in 1872, Saratoga Spring Water Company bottles natural spring water from Saratoga Spring selling throughout the United States and internationally. “We are thrilled to welcome Saratoga Spring Water Company’s products into the BlueTriton family,” said Tony W. Lee, managing partner of …
USA: Mondelez to invest $122.5 million in facility expansion
Mondelez International, the snack and confectionery multinational, has announced an investment of $122.5 million to expand supply chain operations during the next three years in Virginia. The investment will be used to expand the Richmond Biscuit Bakery by 68,000 square feet, enabling it to house a high-speech Oreo production line, and to open a sales fulfillment centre, which will create about 80 jobs. “We …
USA: Treasury Wine Estates to acquire Frank Family Vineyards for $315 million
Australian global winemaking and distribution business Treasury Wine Estates has reached an agreement to acquire wine business Frank Family Vineyards for $315 million. Founded in 1992 by Rick Frank, the Frank Family Vineyards has a portfolio of sparkling award-winning luxury hand-crafted wines complementary to Treasury Wine Estates offering. The acquisition includes the Frank Family Tasting Room, the Benjamin Vineyard, and the S&J Vineyard. Ben …
UK: Unilever to sell tea business Ekaterra for €4.5 bn
Unilever, the multinational consumer goods giant has announced the sale of its global tea business Ekaterra to CVC Capital Partners Fund VIII for €4.5 billion ($5.1 billion). Ekaterra has a portfolio of 34 tea brands such as Lipton, PG tips, Pukka, and T2, with 11 production facilities in 4 continents, and Tea estates in 3 countries generating revenue of around €2 billion in 2020. …
USA: The J.M. Smucker to build a $1.1 billion facility in Alabama
The J.M. Smucker has announced the investment of $1.1 billion in a new facility and distribution centre in Alabama to meet the consumer demand. The new manufacturing facility is the third dedicated to the production of Smucker’s Uncrustables brand and will support The J.M. Smucker’s strategy to more than double its current production capacity. The new facility and distribution centre will be built in three …
Netherlands: Heineken to create an African drinks group
Multinational brewer Heineken has announced its plans to acquire Distell Group Holdings and Namibia Breweries to form a southern African drinks group worth €4 billion ($4.6 billion). The acquisition of Distell will be a push into wine and spirits for Heineken, with liqueur brand Amarula and wines labels Nederburg and Two Oceans. “We are very excited to bring together three strong businesses to create …
Denmark: Danone to sell Aqua d’Or
Danone, the food and beverage multinational, has announced the sale of its water and beverage business in Denmark, to Royal Unibrew, a Denmark-based brewing, and beverage company. According to sources, the sale is part of Danone’s strategic portfolio review and of the continuous optimization of its capital allocation. Royal Unibrew’s CEO, Lars Jensen, said: “I am very pleased to announce that we have entered …
USA: PlantPlus Foods to acquire DEW Drink Eat Well and Sol Cuisine
PlantPlus Foods a provider of plant-based protein products has entered into an agreement to acquire Sol Cuisine and DEW Drink Eat Well. With the acquisition of the two companies, PlantPlus Foods will enhance operations in North America accelerating the growth of the plant-based protein category. DEW Drink Eat Well produces free-from plant-based burgers and sausages under Hilary’s brand in the USA and Canada. Canada-based, …
USA: The Planting Hope Company announces public listing
Julia Stamberger, CEO and co-founder, Planting Hope Company Planting Hope Company, a manufacturer of plant-based food and drinks, has announced plans to publicly list on Canada’s TSX Venture Exchange (TSX VE) on the 29th November. Described as a women-managed and woman-led company with a focus on nutrition, sustainability and diversity, Planting Hope Company claims to develop, launch and scale innovative plant-based and planet-friendly food and beverages. …
USA: Hershey to acquire two pretzel companies for $1.2 billion
The Hershey Company has announced the acquisition of two pretzel companies, Dot’s Pretzels LLC and Pretzels Inc for approximately $1.2 billion. Founded by Dot Henke in her home kitchen, Dot’s Pretzels started as a family business creating high-quality homemade pretzels. Pretzels Inc is a co-manufacturer of pretzels for Dot’s Pretzels and other brands, being a leading innovator in the pretzel category. The company operates …
Ireland: Glanbia plc to sell minority stake in Glanbia Ireland
Glanbia plc and Glanbia Co-op have today announced they have signed a non-binding memorandum of understanding for the sale of 40 per cent stake in Glanbia Ireland to Glanbia Co-op for a purchase price of €307 million ($352 million). The transaction will allow Glanbia to focus on its two growth platforms, Glanbia Performance Nutrition and Glanbia Nutritionals, as well as strategic joint ventures. “Glanbia …
Spain: Grupo Palacios to acquire UK dessert producer Rhokett
Spanish-based foods business Grupo Palacios has announced the acquisition of a majority stake in Rhokett, a chilled dessert supplier, for an undisclosed sum. Founded in 2002, Rhokett offers a wide range of hand-finished cheesecakes and other desserts from three production facilities. Grupo Palacios sells meat products, refrigerated pizzas, ready-made tortillas, prepared dishes, and desserts to more than 40 countries. The company has five production facilities …
Canada: Nature’s Path to buy Anita’s Organic Mill
Nature’s Path, an organic breakfast and snack food company, has acquired a majority stake in Anita’s Organic Mill, a producer of organic flours and baking products. Founded in 1997, Anita’s Organic Mill is said to be one of the most respected millers and manufacturers of organic whole grain flours in Canada, sourcing organic grains from local farmers. Its product range includes whole grain and sprouted flours, …
Ireland: Nomadic Dairy to be acquired in €29 million deal
Food investment specialist group BiaVest has partnered with Development Capital to acquire Nomadic Dairy from Donegal Investment Group for an upfront consideration of €23 million ($26 million) and €6 million ($7 million) as a deferred consideration contingent on financial performance next year. Nomadic Dairy has a portfolio of six yoghurt-based products with more than 20 varieties and flavours made with locally sourced Irish farm …
USA: Bobo’s to invest $10 million in new facility
US snack maker Bobo’s has announced it is investing $10 million in a new facility in Colorado. The investment will help Bobo’s to consolidate its two bakeries and warehouse into one building to increase capacity in order to meet growing demand. Along with upgraded manufacturing space, Bobo’s will also expand its staff headcount. By consolidating the facilities, the company will cut down the amount of driving needed …
Inspiration and new connections at the Gama Innovation Conference & Awards 2021
MANCHESTER – 5th November 2021: Last Thursday (28th October), over 250 senior professionals from the global fast-moving consumer goods (FMCG) community came together for an afternoon of inspiring and thought-provoking presentations and a celebration of product innovation at the sixth edition of the Gama Innovation Conference & Awards (GICA). Once again held as a virtual event due to ongoing travel constraints, GICA 2021 brought together a broad range of delegates including some …
USA: Utz Brands to acquire RW Garcia
Utz Brands, the US savoury snack company, has announced the acquisition of crisp maker RW Garcia for $56 million. Founded in 1982, RW Garcia is a family-owned manufacturer of organic gluten-free tortilla chips, crackers and corn chips. The firm has manufacturing facilities located in Nevada and North Carolina. “We expect this strategic acquisition will enable strong supply chain synergies, enhance our ability to expand …
USA: Phillips Distilling to acquire two brands from Beam Suntory
Phillips Distilling, a US spirits brands, has announced the acquisition of the Leroux and Kamora brands from Beam Suntory for an undisclosed sum. The Kamora brand is a coffee liqueur in the US and Canada made with savoury coffee beans infused with vanilla, chocolate and caramel notes. The Leroux brand range comprises 19 varieties of liqueur and eight flavoured brandies. The flavoured brandies led by …
China: Diageo to build a new whisky distillery
Diageo, the leading alcoholic drinks firm, has announced the construction of a $$75 million whisky distillery in China. The Diageo Eryuan Malt Whisky Distillery, described as the first factory of its kind in China, will be built in a area selected for its temperate climate, rich natural biodiversity, and access to natural spring water in the Yunnan Province, Diageo said. “China is the world’s largest …
USA: Coca-Cola to acquire remaining stake in BodyArmor
Coca-Cola, the multinational drinks company, has announced the acquisition of the remaining stake in BodyArmor, a US sports drink, for $5.6 billion. In 2018, Coca-Cola acquired 15% stake in BodyArmor with a path to full ownership. The company will operate as a separate business and maintain its base in New York. “BodyArmor has been a great addition to the system lineup over the last …
USA: Grupo Bimbo to buy Popcornopolis
Multinational Mexican bakery firm Grupo Bimbo has acquired Popcornopolis from private equity firm NexPhase Capital through its Barcel USA subsidiary for an undisclosed sum. Founded in 2003, Popcornopolis is a California-based manufacturer of ready-to-eat gourmet popcorn snacks, best known for its cone-shaped packaging and indulgent flavours such Zebra, Unicorn, and Doble Drizzle. “We have only scratched the surface of the potential of this brand, …
Canada: George Weston to sell Weston Foods fresh and frozen business
George Weston has announced it has entered into an agreement to sell its Weston Foods fresh and frozen business to affiliated entities of FGF Brands, a technology-oriented bakery company, for an aggregate cash consideration of C$1.2 billion ($970.6 million). The Weston Foods fresh and frozen bakery businesses serve retail and foodservice customers with packaged fresh bread and rolls and alternatives, as well as frozen …
Italy: Granarolo to acquire Calabro Cheese
Granarolo, an Italian dairy company based in Bologna, has announced the acquisition of 100% of Calabro Cheese, a US fresh cheese distributor. The acquisition will allow Granarolo to build a strategic platform to distribute its wide range of typical and PDO products from Italy, the company said. “The consolidation of Granarolo in the USA is an important step in the Group’s foreign growth policy”, …
France: Biscuit International to buy Continental Bakeries
Biscuit International, a leading player in the private label biscuit market in Europe, has announced the acquisition of Continental Bakeries from its majority shareholders Goldman Sachs Asset Management. Continental Bakeries is described a leading European manufacturer of private label sweet biscuits, bread replacements, and toast with production facilities in the Netherlands, Belgium, Germany, Poland, and Sweden and a workforce of 2,300 people. The acquisition …
Australia: Lark Distilling to acquire Kernke Family Shene Estate
Lark Distilling, Australia’s leading single malt whisky distillery, has announced the acquisition of Kernke Family Shene Estate, in an A$40 million ($29 million) deal. The acquisition of Kernke Family Shene Estate, the owner of the Pontville Distillery and Estate, will include 40 acres of land and buildings, a 130,000-litre distillery, a cellar door, eight bond stores, a working cooperage, and the historic stables and homestead. …
USA: Swift Prepared Foods to buy Sunnyvalley Smoked Meats
Swift Prepared Foods, a subsidiary of global meat firm JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats for $90 million. Founded in 1990, Sunnyvalley Smoked Meats is a producer of smoked bacon, ham, and turkey products with gross revenues of $150 million annually. The company’s operates a production facility employing over 300 people. Swift Prepared Foods was acquired by JBS USA in 2017 …
Malaysia: Yeo’s to invest 20 million MYR in production and filling line
Yeo Hiap Seng (Yeo’s), a food and drink company based in Asia, has announced an investment of 20 million MYR ($4.8 million) in a high-speed combi production and filling line in Malaysia, according to a FoodBev report. The “Combi Line”, which is said to be the first of its kind in Malaysia, “fuels Yeo’s commitment to deliver on its brand promise, ‘Serving Up Goodness’, …
USA: Tyson to invest $61 million in Vicksburg facility
Tyson Foods, one of the world’s largest meat firms, has announced an investment of $61 million in its poultry facility in Vicksburg, MS, according to a FoodBev report. The expansion, which is expected to be completed by next summer, will allow Tyson to increase poultry production capacity and create nearly 50 new jobs. The facility in Vicksburg makes fully cooked chicken products for both …
France: Savencia Fromage & Dairy to acquire plant-based company Hope Foods
Savencia Fromage & Dairy has announced the acquisition of Hope Foods, a US producer of plant-based products, for an undisclosed sum. Hope Foods has a manufacturing facility able to produce a wide range of plant-based products including its organic hummus made using state-of-the-art technology to retain freshness, peak flavour, and nutritional benefits, Savencia Fromage & Dairy said in a statemnt. “Hope enlarges our brands …
UK: CD&R to acquire Morrisons for £7 billion
US private equity firm Clayton Dubilier & Rice (CD&R) has won an auction to acquire the Morrisons supermarket chain with an offer of £7 billion ($9.4 billion), outbidding Fortress Investment Group, according to an Insider Media report. CD&R reportedly bid £2.87 in cash for each Morrison share, beating the £2.86 offer made by Fortress Investment Group. Morrisons has a workforce of about 120,000 staff in the UK, …
Mexico: Diageo to invest over $500 million to grow tequila category
Diageo, the leading alcoholic drinks firm, has announced its plans to invest more than $500 million to expand its tequila manufacturing footprint in Mexico. In a statement, the company said it was planning to build new facilities to expand production capacity in the state of Jalisco, creating over 1,000 jobs. “This exciting investment in Mexico will support our future category growth to meet Mexican …
UK: Britvic announces £26.9 million factory investment
Britvic, the UK-based non-alcoholic drinks firm, has announced that it is investing £26.9 million ($36.2 million) in its Rugby factory, creating 20 new jobs. The company will install a fourth canning line to produce recyclable 330ml cans for soft drinks range, increasing capacity by a further 18% per cent. “This new, state-of-the-art canning line will be a fantastic boost for Britvic’s Rugby facility which continues to …
India: Dr. Oetker to buy start-up dessert firm Kuppies
Dr. Oetker, the leading food multinational, has announced the acquisition of India-based start-up Kuppies, marking its debut in the ready-to-eat cakes and desserts segment. Describing itself as an Indian company with a western palate, Kuppies specializes in western savoury and dessert products and has a product portfolio that straddles ambient, fresh and frozen foods. Oliver Mirza, Dr. Oetker India managing director and CEO, commented: “This acquisition will enable …
USA: Sauer Brands to acquire Mateo’s Gourmet Salsa
US-based condiments, seasonings, and spices producer Sauer Brands has entered into an agreement to acquire Mateo’s Gourmet Salsa a shelf-stable salsa maker for an undisclosed sum. Founded in 2010 in Texas, Mateo’s Gourmet Salsa is described as one of the US’s leading independent salsa brands, marketing a wide range of salsas positioned as “all-natural”. The acquisition of Mateo’s Gourmet Salsa allows Sauer Brands to …
UK: Nomad Foods to acquire Fortenova Group
Nomad Foods, Europe’s leading frozen food company, has announced the acquisition of east European frozen foods business Fortenova Group for a purchase price of approximately €615 million ($694 million). Fortenova Group has a portfolio of products such as fish, ready meals, fruits, vegetables, pastry, and ice cream marketed under the Ledo and Frikom brands. The company operates in attractive markets that are new to Nomad Foods, …
USA: Koch Foods to invest $220 million to expand
International poultry processor Koch Foods has announced an investment of $220 million to expand its existing poultry processing facility in Fairfield, OH, according to a Food Business News report The company is said to be planning to build a 402,000 square-foot addition to the north of the existing processing facility, and to create 400 new jobs within three years of completing the expansion. Construction work …
UK: Calbee UK to complete £5 million investment in facilities
Calbee, the UK crisp and snack manufacturer, has completed a £5 million ($6.6 million) investment in two manufacturing facilities to meet increasing consumer demand, according to an Insider Media report. The investment in Calbee’s Deeside and Bradford factories comes after the company reported like-for-like growth in its financial results, boosted by enhanced demand for its Seabrook brand. “The real credit for our performance goes …
Italy: Barilla to team up with Unilever to sell ice cream and snacks
Leading Italian food company Barilla and consumer goods multinational Unilever have entered into a strategic agreement to sell ice cream and snacks in Italy, according to a Reuters report. The deal, agreed between Barilla and Unilver’s Algida division, will reportedly tap into increased demand, especially in the summer season, and allow Barilla to compete with larger overseas companies. Francesco Del Porto, head of the Italy Region …
UK: Aldi to invest £1.3 billion to accelerate growth
German discount retailer Aldi has announced an investment of £1.3 billion ($1.8 billion) in the UK over the next two years to accelerate growth and market share, according to a Reuters report. Aldi is Britain’s fifth-largest supermarket group and has experienced rapid growth over the last decade. The retailer currently has 920 stores in the UK, and is reportedly planning to use the billion-pound …
USA: Dr. Schar to expand facility
Dr. Schar USA has announced a 42,000 square foot expansion of its manufacturing facility in Logan Township to meet increasing demand for gluten-free bread. The New Jersey facility produces gluten-free sliced breads and rolls for the North American market. Founded in Italy, Dr. Schar is a producer of gluten-free food to celiac, gluten sensitive, and IBS consumers, offering a wide portfolio of products from bread, cookies, …
Brazil: Kraft Heinz to acquire sauces and condiments firm Hemmer
Kraft Heinz, the multinational food firm, has entered into an agreement to acquire the Brazilian sauces and condiments company Hemmer. Founded in 1915, Hemmer is makes pickled and preserved food, condiments, olive oil and beverages and has a portfolio of 250 products. The acquisition is part of Kraft Heinz’s strategy of growing its International Taste Elevation product platform and its presence in emerging markets. Last …
USA: HumanCo to acquire Against the Grain
Private holding company HumanCo has acquired a majority stake in grain-free foods maker Against the Grain, according to a Food Business News report. HumanCo has a portfolio of plant-based and natural products such as Coconut Bliss ice cream, and Monty’s vegan cheese and speads Against the Grain is specialised in grain and gluten-free frozen pizzas, bread, rolls, bagels, and baking mixes that are formulated with …
USA: Ardian acquires majority stake in Florida Food Products
Private investment house Ardian has announced the acquisition of a majority stake in Florida Food Products (FFP) from MidOcean Partners for an enterprise value in excess of $1 billion. Founded in 1954, Florida Food Products is a producer of vegetable and “fruit-based” clean label ingredients. The firm is described as the largest provider of clean label cures for the protein sector, with a rapidly …
Thailand: Thai Union to invest in R&B Food Supply
Thai Union, a leading seafood company, has announced a 10% strategic investment in food ingredients company R&B Food Supply (RBF) valued at around 3 billion THB ($90 million). Thailand-based RBF is specialised in flavours, colours, and coatings. With the acquisition, Thai Union said its intention was to accelerate its growth in the food ingredients industry. “We look forward to working closely with the RBF team to …
USA: BelGioioso to acquire cheese maker Polly-O
BelGioioso, a US-based manufacturer of Italian cheeses, has entered into an agreement to acquire Polly-O from Kraft Heinz and Lactalis, according to a Deli Market News report. The acquisition of Polly-O, an Italian cheese brand, will expand BelGioioso’s portfolio and add to its existing Casaro brand range. Founded in 1899, Polly-O is known for its ricotta, mozzarella and string cheeses. “We are thrilled to add the Polly-O brand …
China: Diageo to create a R&D centre in Shanghai
Diageo, the leading alcoholic drinks firm, has announced the creation of a new research and development (R&D) centre in Shanghai to develop products for the Chinese market. The state-of-the-art centre, which is said to be the first of its kind in the beverage alcohol sector in Shanghai ,will primarily support the China market and will strengthen Diageo’s ability to rapidly innovate and develop premium …
USA: Full Sail IP Partners to acquire Odwalla brand
Full Sail IP Partners has announced the acquisition of juice and smoothie brand Odwalla from Coca-Cola for an undisclosed sum, according to a Reuters report Founded in 1980, Odwalla is a producer of plant-based fruit juices, smoothies, and energy bars. According to sources, Full Sail IP Partners plans to expand the Odwalla brand beyond the drinks category into food and supplements, making products with …
Spain: Grupo Apex to acquire Emilio Arias Lizano
Spanish-based snacks company Grupo Apex has acquired nut and seeds producer Emilio Arias Lizano for an undisclosed sum. Located in Ciudad Real, Productos Emilio Arias Lizano produces a wide range of nut and seed snacks including sunflower seeds, peanuts, hazelnuts, almonds and pumpkin seeds. According to sources, Grupo Apex sees sunflower seeds as a strategic snacking product for Spanish consumers and therefore a necessary addition to its portfolio. …
Sweden: Arla to invest 300 million SEK to expand organic range
Arla, the Danish dairy firm, has announced an investment of 300 million SEK (approximately $35 million) in its dairy facility in Gotene, Sweden, to expand its organic range, according to a FoodBev report. The investment, which follows a previous investment of 95 million SEK ($11 million) in Gotene to expand its butter capabilities, will allow the firm to double the capacity for handling organic …
UK: PepsiCo to invest £24 million to upgrade factory
PepsiCo, the global snacks and drinks giant, has announced an investment of £24 million ($31.7 million) to upgrade its facility located in Lincoln, UK, to meet growing consumer demand. The investment will be used to replace the existing machinery with new state-of-art equipment and technology, to increase the production of Quavers snacks, and make space for new product lines. A further £1 million ($1.3 …
Portugal: Sonae to acquire UK plant-base brand Gosh Food
Retail and telecoms conglomerate Sonae has announced the acquisition of 95.4% of the share capital and voting rights in Claybell, owner of the Gosh Food plant-based foods brand, via its Food4Future subsidiary for £64 million ($85 million). UK-based Gosh Food is a manufacturer of free-from products such as burgers, sausages, and bites trading under the Gosh! brand, as well as a private label producer …
USA: Emmi Roth acquires cheese brand Athenos
Emmi Roth, a subsidiary of Switzerland-based Emmi Group, has announced the acquisition of Athenos, a Mediterranean-style food brand, from Lactalis Group. Athenos, known as a leading feta cheese brand in the US, will complement Emmi Roth’s offering, strengthen its position in the US cheese business, and create additional export opportunities for Swiss cheeses the company said. “This is an exciting day for Emmi Roth”, …
Uruguay: PepsiCo to invest $64 million to expand concentrates facility
PepsiCo, the global snacks and drinks giant, has announced an investment of $64 million to expand its drinks concentrates factory in Uruguay. Located in the free trade zone of Colonia, PepsiCo’s facility is one of eight in the world dedicated to the preparation of beverage concentrates for PepsiCo’s portfolio brands such as Pepsi, Seven Up, Mirinda and Gatorade. The facility, which has been operating …
USA: Saputo to strengthen dairy division with Carolina Aseptic and Carolina Dairy deals
Saputo, the Canadian dairy giant, has announced the acquisition of the Carolina Aseptic and Carolina Dairy businesses from AmeriQual Group for $118 million in a bid to strengthen its presence in the US market. The two new acquisitions will help Saputo to quickly tap into growing demand for aseptic protein beverages and nutritional snacks, the company said. Located in North Carolina, Carolina Aseptic develops, manufactures, …
UAE: Agthia to acquire BMB Group
Agthia, the leading Middle East food and drinks firm, has announced that it has acquired a 100% stake in BMB Group for an undisclosed sum. Founded in 2007, BMB Group is described as an innovative healthy snack and food company with a large portfolio of confectionery and other food brands such as Asateer, Al Qamar, Freakin’ Healthy, and Benoit, distributing over 2,000 SKUs across …
Poland: PepsiCo to build new 1 billion PLN snack facility
PepsiCo, the global snacks and drinks giant, has announced plans to build a 1 billion PLN ($245 million) facility in Poland to produce savoury snacks. According to a company press release, the new plant will have the capacity to respond to growing consumer demand, and will become the largest and most environmentally sustainable PepsiCo facility in Europe. With an estimated area of seven football …
USA: B&G Foods to sell facility in Portland
B&G Foods, a manufacturer of branded shelf stable and frozen products, has announced the sale of its Portland facility to the Institute for Digital Engineering and Life Sciences. The move to sell the 13.5-acre waterfront property is part of B&G Foods’ plans to improve productivity and reduce overall costs, the company said. “The Portland community has been the home to B&M for more than …
USA: Tyson Foods to build new facility in Virginia
Tyson Foods, one of the world’s largest meat firms, has announced an investment of $300 million to construct a new plant in Virginia. According to a company statement, the project is part of Tyson Foods’ commitment to meet increasing demand and deliver on its strategy of accelerating long-term growth. The 325,000 sq ft facility, which is expected to be up and running by spring of 2023, will create …
Australia: McCain to sell Sara Lee to South Island Office
McCain has signed an agreement to sell its Australian Sara Lee baked foods business to New Zealand-based group South Island Office (SIO) for an undisclosed sum, according to a Food Business News report. Sara Lee will join Original Foods Baking, a complementary company acquitted by SIO in 2020, which makes brownies, slices and bites. The partnership will allow both businesses to gain exposure to …
USA: Surati Sweet Mart to open first facility
Canada-based Indian snack food manufacturer Surati Sweet Mart has established its first manufacturing and distributing site for specialty snacks and baked foods in the US. Surati has announced it is spending $16 million on the new 240,000-square-foot facility and expects to generate over 100 new jobs. “Our location in Springfield would be our first manufacturing investment in the United States and will allow us …
USA: Planterra Foods to open new R&D centre in Colorado
Planterra Foods, a JBS subsidiary specialising in plant-based foods, has announced the opening of a new R&D innovation centre in Lafayette, Colorado. The new facility will allow Planterra Foods to continue developing new plant-based ingredients and high-quality product innovations, the company said. Commenting on the move, Planterra Foods CEO Darcey Macken said: “I am proud of the team we’ve built at Planterra Foods and …
UK: Kendamil to launch ice cream made with infant formula
UK-based baby milk company Kendamil has released what it describes as the world’s first’ ice cream made with infant formula. The limited-edition product has reportedly been designed for adults to counter the perception that infant formula tastes fishy, metallic, sour or bitter. “We are proud to launch the first-ever ice cream made with formula milk,” said Ross McMahon, CEO and founder of Kendamil. “We have …
Brazil: Aryzta to sell Brazil bakery operations to Grupo Bimbo
Aryzta, the Switzerland-based manufacturer of bakery products, has announced the sale of its Brazil business to Mexican Grupo Bimbo, according to a report in Just Food. This sale is described as being in line with Aryzta’s commitment to focus its business on European and Asina markets. The company had earlier this year sold its North American business to an affiliate of US private equity firm Lindsay …
USA: First Bev to buy Health-Ade
US drinks business First Bev has announced it has acquired a controlling stake in the California-based kombucha firm Health-Ade. Founded in 2012, Health-Ade markets itself as a producer of “feel-good, bubbly beverages” with gut-health benefits, such as kombucha, prebiotic sodas and cocktail mixers, and has annual retail sales of over $200 million. “I couldn’t be more excited for Health-Ade to have someone with Jack’s …
Egypt: Coca-Cola HBC to acquire Coca-Cola Bottling Company of Egypt
Coca-Cola HBC, the Swiss-based international bottling company, has announced the acquisition of Coca-Cola Bottling Company of Egypt (CCBCE) for $427 million. The deal will give access to the second largest non-alcoholic ready-to-drink market in Africa by volume, Coca-Cola HBC said, adding that the acquisition also aims to increase the penetration of the Coca-Cola Company’s brand portfolio and expand the brand’s presence in high-growth areas. …
Mexico: Diageo to buy Casa UM
Diageo, the leading alcoholic drinks firm, has announced the acquisition of Mexican Mezcal Union through beverage producer Casa UM for an undisclosed sum. Both companies had previously worked in partnership, which reportedly enabled Mezcal Union to grow its brand distribution network in Mexico, the USA, and other countries. With this acquisition, the company will continue to be involved in the operations and supports its …
USA: Coca-Cola to close plants in California and Massachusetts
Coca-Cola, the soft drinks multinational, has announced plans to shut down operations in facilities located in American Canyon (CA) and Northampton (MA), according to a FoodDive report. The operation will reportedly affect around 500 staff and is set to be achieved in 2023. The decision is said to follow a restructure which has seen Coca-Cola stop the production of a number of its brands …
USA: Mizkan to acquire Born Simple
US-based Mizkan America (MA), a sauces and seasonings business, has announced the acquisition of Born Simple, an American organic barbecue sauce and broth brand. According to MA, the acquisition will allow it to expand into the natural foods channel and reach a new generation more attached to authentic and simple products. MA President and chief operating officer Diego Palmieri said: “Born Simple is an …
Ireland: Valeo Foods to acquire New World Foods Europe
Diversified Irish food business Valeo Foods has announced the acquisition of New World Foods Europe (NWFE), a British meat snack producer. Valeo Foods, which was recently acquired by Bain Capital Private Equity, owns brands such as Rowse honey, Kettle crisps, and Jacob’s biscuits. NWFE has beeing selling products under the brands Kings, Wild West, Speyside and Cruga, as well as The Meatsnacks Group, since …
Australia: JBS to acquire Huon for A$425 million
Brazilian meat firm JBS has entered into an agreement to acquire Australian trout and salmon business Huon Aquaculture for A$425 million ($312.5 million), according to a FoodBev report. Based in Tasmania, Huon operates fish farms and markets fish products across Australia. According to sources, the purchase is a strategic acquisition for JBS, creating a new growth platform for the business within the aquaculture sector. Commenting …
France: PAI Partners to acquire Tropicana and other juice brands from PepsiCo
PAI Partners, a French private equity firm, has announced an agreement to acquire Tropicana, Naked and other juices brands from US food and beverage company PepsiCo for about $3.3 billion. Pepsi Co will retain the exclusive US distribution rights to the brand portfolio. According to sources, the benefits from the sale are expected to enhance PepsiCo’s balance sheet and allow it to make organic …
Canada: Zoglo’s Incredible to buy Monday Swiss UK
Zoglo’s Incredible Food (Zoglo’s), a Canadian plant-based food company has announced it has acquired 50.5% interest in British Monday Swiss. Monday Swiss was founded in 2012 and manufactures a range of plant-based food products, including the Veggie Day and Monday Swiss lines. The experience in product development of Monday Swiss will allow Zoglo’s to expand and develop a new generation of plant-based foods. CEO …
India: Heineken to acquire United Breweries
Heineken, the multinational Dutch brewer, has announced the acquisition of United Breweries Limited (UBL) the India-based brewing company. The movement comes after the acquisition of additional shares, taking its shareholding in UBL to 61.5% on 23 June 2021. According to Heineken’s press release, India is an existing long-term growth opportunity for the company due to the emerging middle-class population in a country with a …
Mexico: Grupo Bimbo to acquire Emmy’s Organics
Grupo Bimbo, the Mexican bakery company has announced the acquisition of Emmy’s Organics, a US-based organic cookie producer. According to Grupo Bimbo, Emmy’s Organics is a manufacturer of ultra-premium organic cookies and a major player in gluten-free cookies. The company added that this acquisition allows an “entry point into the quickly growing better-for-you cookie and sweet baked goods market”. Bimbo CEO Daniel Servitjesaid said: …
USA: Flagship Food Group to acquire majority stake in Tortilla King
Flagship Food Group has acquired a majority stake in Tortilla King, the US tortilla and tortilla chips producer. Flagship, majority owned by Creo Capital Partners, sells a wide range of food products and services under the 505 Southwestern, La Tortilla Factory, Lilly B’s, Hatch Kitchen, TJ Farms, and other brands. Tortilla King is known for its premium tortillas and tortilla chips under Mama Lupe’s …
USA: Nestle to invest $70 million to remodel factory
Nestle has announced an investment of $70 million in its Burlington factory to start manufacturing Nestle Toll House refrigerated cookie dough. According to sources, the plant used to produce candy bars such as 100 Grand, Nestle Crunch, and Buncha Crunch. Nestle sold its confectionery business to Ferrero in April 2018, but the Burlington factory was not part of the sale, and its ice cream, …
Brazil: Pif Paf Alimentos acquires Uniaves
Rio Branco Alimentos, owner of Pif Paf and other brands such as Fricasa, and Ladell, has announced the acquisition of Uniaves, the largest chicken producer in the Espirito Santo state. Uniaves is completing 12 years in the market and produces around 80 products, in different lines, sold in traditional retail and food service, in addition to being exported to several countries. According to sources, …
UK: S-Ventures to acquire Pulsin
British investment firm, S-Ventures has acquired Pulsin, a plant-based nutrition company for £7.5 million ($9.99 million). Pulsin produces plant-based products such as protein and keto bars, powders, and shakes under its own brands as well as third parties. The acquisition follows S-ventures willingness to diversify in the health and wellness foods segment, earlier this year the company acquired Ohso Chocolate, a probiotic chocolate brand …
France: Henkel to acquire Swania SAS
German company Henkel has announced the acquisition of Swania SAS, a household care supplier based in France. The acquisition will allow Henkel to strengthen its position in the detergents and cleaning products market committed to limiting the impact on the environment. Swania is a French ecological home care company which portfolio includes Maison Verte a brand with detergents and household care products certified with …
Spain: Ebro Foods to sell Panzani
Spanish food company Ebro Foods has announced the sale of part of its Panzani unit to French private equity firm CVC Capital Partners for EUR550 million (US$648.4). Ebro Foods has a leading position in the global pasta and rice markets, with brands such as Panzani, Olivieri, Bertagni, Garofalo, Santa Lucia, Russo de Cicciano, and Roland Monterrat, among others. The agreement includes the dried pasta, …
Canada: Above Food to acquire plant-based brands Only Oats and Culcherd
Canadian plant-based company Above Food has announced the acquisition of two plant-based brands Only Oats and Culcherd. Only Oats is a premium certified gluten-free whole oat company sourcing, developing, manufacturing, and marketing oat-based ingredients and oat-based consumer products, while Clucherd is a 100% certified organic, vegan dairy alternative company. The acquisition, according to the company’s press release, has been done to meet the increasing …
UK: Unilever to partner with Arzeda
Unilever, the multinational consumer goods giant has announced a strategic partnership with Arzeda, the industry-leading Protein Design Company. Arzeda is a synthetic biology company that creates novel proteins, enzymes derived from nature, and specialty chemical products used through smart technologies to optimise their functionalities. Over the next three years, Unilever will use Arzeda’s world-leading digital biology techniques to innovate its own cleaning and laundry …
UK: Medina Dairy and Freshways Dairy merge
British dairy firms Medina Dairy and Freshways Dairy have announced a merger agreement to create a more sustainable and progressive dairy business. According to sources, the merged business called Medina Freshways Ltd is believed to have the “requisite scale and agility to compete with the two large players which dominate the dairy sector in the UK”. Medina Dairy supplies milk, dairy, and bakery products, …
USA: Beam Suntory and the Boston Beer Company form partnership
Japanese-American world leader in premium spirits firm Beam Suntory has announced that it has formed a long-term strategic partnership with The Boston Beer Company. According to Beam Suntory’s statement, the goal of the partnership is to expand iconic brands across fastest growing alcoholic beverages segments. The companies plan to initially launch Sauza tequila in the ready-to-drink beverages format and to introduce Truly Hard Seltzer …
Portugal: Paladin launches piri piri sauce with Cannabis
Portuguese brand of sauces and seasonings Paladin, owned by Mendes Goncalves, has announced the launch of a new product: a piri piri hot sauce with cannabis. According to sources, the hot sauce is produced with the seeds of Cannabis sativa L., an ingredient of natural origin that is now trending worldwide and is being increasingly used in food products. Available under the brand Paladin …
Saudi Arabia: Savola Group to acquire fruit and nut processor Bayara
Savola Group, a Saudi food conglomerate, has signed an agreement to acquire Bayara, a UAE-based manufacturer of nuts, spices, grains, pulses, dates and other dried fruits, for $260 million. Founded in 1993, Bayara is said to process 23,000 tonnes of goods a year, operating in the UAE and Saudi Arabia with a workforce of 900. Savola sells staples, such as olive oil and sugar, …
China: Spar to partner with Guizhou Heli Supermarket Group
Global retailer Spar has announced a partnership with Guizhou Heli Supermarket Group, a retailer that operates over 100 supermarkets, shopping centres, and department stores in Guizhou, China. The partnership has been in place since 1 July 2021 and will enable Spar to grow by expanding into Guizhou province, the company said. The partnership will allow Guizhou Heli to continue focusing on the local market, …
USA: Altria to sell Ste Michelle to Sycamore Partners
Multinational tobacco firm Altria Group Inc has announced that its subsidiary, UST LLC, has entered an agreement to sell the Ste Michelle Wine Estates business to Sycamore Partners Management, LP., a private equity firm specializing in consumer, retail, and distribution investments. According to sources, the sale will enable Altria to focus on their vision of transitioning adult smokes to a ‘non-combustible future’. Billy Gifford, …
Netherlands: Refresco to acquire Hansa-Heeman
Independent drinks bottler Refresco has announced that set to acquire the Germany-based beverage company Hansa-Heeman. Hansa-Heeman, which employs around 800 people, manufactures drinks for both private labels and manufacturer brands. 60% of the firm’s volume is in mineral water, with the remaining 40% in carbonated soft drinks. Its annual revenue is approximately €300 million ($356 million). Refresco said it would acquire brands such as …
South Africa: Rhodes Food Group to buy Pioneer Foods frozen business
South Africa-based food business Rhodes Food Group (RFG) has announced the acquisition of the frozen food business of domestic peer Pioneer Foods for an undisclosed sum. Pioneer Foods’ frozen foods portfolio includes pies, pastries, sausage rolls, pizza, and party packs, and the brands Today, Mama’s, Big Jack, and Man’s Meal. Manufacturing is conducted from a facility in Atlantis in the Western Cape and products …
France: Royal Unibrew to acquire Crazy Tiger energy drink
Danish beverage firm Royal Unibrew has signed an agreement to acquire French energy drink business MC Energy, owner of the Crazy Tiger brand, in a deal worth $97 million. Crazy Tiger reportedly holds around 10% volume share in the French energy drinks markets and employs 25 staff. Its flagship product is available in both bottles and cans and features a formulation based on caffeine, …
UK: Morrisons agrees takeover deal
UK supermarket chain Morrisons has agreed on a takeover offer from a consortium led by US-based Fortress Investment Group in a deal worth $9.01 billion, according to BBC and FoodBev reports. Morrisons, which has around 500 outlets and a workforce of more than 110,000, had previously rejected a bid from another US private investment group which valued the company at $7.65 billion. Fortress Investment …
Russia: KDV Group to become primary investor in Hak
KDV Group, the Russia snacks, and confectionery firm, has agreed on a deal to become a leading shareholder in Hak, the Dutch vegetable business, by signing a preliminary purchase agreement to acquire a stake previously held by NPM Capital. KDV Group operates 15 factories and has a workforce of more than 20,000 employees. It sells its products in 35 countries, mainly in Eastern Europe, …
USA: Mutandis to acquire tuna brand Season
Mutandis, a Morocco based “brand accelerator” for the consumer goods industry, is set to acquire Season, described as the US brand leader in premium canned sardines, from current owner RAB Food. Founded in 1921, Season brand tuna is sourced from a range of producers, but especially from firms based in Morocco. As well as sardines, the Season brand range includes kippers, anchovies, mackerel, and …
France: Danone to acquire majority stake in Harmless Harvest
French dairy multinational Danone has announced it has acquired a majority stake in Harmless Harvest, a US business offering coconut-based drinks and yoghurt, through its corporate venture arm Danone Manifesto Ventures (DMV). DMV first invested in Harmless Harvest in 2017 as part of a $30 million capital growth round. Founded in 2009, Harmless Harvest is described as a leader in the fast-growing premium coconut …
Australia: Accolade Wines to acquire UK brand Lambrini
Australian wine business Accolade Wines has announced the acquisition of the Lambrini perry brand from Halewood Artisanal Spirits for an undisclosed sum. Founded in 1994, Lambrini is a light and fruity perry manufacturer in the UK. According to sources, the deal follows Accolade Wines’ growth strategy to expand its presence in the UK. Lambrini will join Accolade Wines’ portfolio which already includes brands such …
Switzerland: Barry Callebaut to acquire Europe Chocolate Company
Swiss Barry Callebaut Group, manufacturer of high-quality chocolate and cocoa products, has signed an agreement to acquire Europe Chocolate Company (ECC), a Belgian privately-owned manufacturer of chocolate specialties and decorations. The acquisition will expand Barry Callebaut’s chocolate molding capabilities and allow the group to offer tailor-made solutions as well as cater to the increasing demand. Founded in 1993, ECC manufactures a wide range of …
USA : Once Upon a Farm to acquire Raised Real
Once Upon a Farm, a US children’s nutrition business, has announced the acquisition of Raised Real, an organic, plant-rich baby food meal delivery company for an undisclosed sum. The deal will expand Once Upon a Farm’s growing organic, refrigerated pouch portfolio to include frozen meal options and will also reintroduce the line of organic meals later this year. “We’ve watched and admired Raised Real’s …
Italy: Italian Wine Brands to acquire Enoitalia
Italian Wine Brands (IWB), an Italian winery, has announced the acquisition of 100% of its peer Enoitalia for an equity value of €150 million ($179 million). With both companies each generating a little over €200 million ($239 million) in annual sales, the deal is set to create Italy’s largest private wine company. The acquisition of Enoitalia will also support IWB’s geographic expansion, by virtue …
China: Fonterra to sell China JV farms
New Zealand dairy firm Fonterra, has agreed to sell off its two joint-venture farms in China to Singapore-based AustAsia Investment Holdings for $115.5 million. Fonterra has a 51% stake in the business and will receive NZD88 million (US$62.3m) in total asset sale proceeds, including cash on completion. To Fonterra CEO Miles Hurrell, the sale is another important step for the Co-operative and aligns to …
USA: Danone to sell Vega brand
Danone, the food and beverage multinational, has announced the sale of its plant-based nutritional products brand Vega to WM Partners, a private equity firm. Vega’s products are available throughout Canada and USA and its portfolio includes plant-based sport and nutrition items such as protein powders, bars, supplements, and snacks. According to Danone, the deal is part of the company’s ongoing optimisation of capital allocation …
USA: Brand Holdings to acquire Healthy Skoop
US firm Brand Holdings LLC, has announced that it has acquired a plant-based protein powder brand, Healthy Skoop, from Seurat Investment Group. Based in Colorado, Healthy Skoop’s mission is to make plant-based products that are simple and tasty so that it’s easier for people to live a healthy lifestyle every day. Jeffrey R. Hennion, chairman & CEO of Brand Holdings said: “As the world …
USA: Wholestone Farms to build new pork plant
US pork firm Wholestone Farms has announced plans to build a new hog slaughtering and processing facility in Sioux Falls, SD at a cost of around $500 million. The project includes setting up a $45 million wastewater treatment system, including covered lagoons, designed to capture biogas and reduce overall carbon emissions, while managing air quality and minimizing odour. Founded in 2016, Wholestone Farms is …
Brazil: GPA considering spin off of Colombian Exito
Brazilian retailer GPA SA is reportedly considering a spin off of its Colombian unit Almacenes Exito, in an operation that would deliver shares in the subsidiary to GPA shareholders, including the French Casino Guichard Perrachon, according to sources. The transaction would be similar to the recent spin off of GPA’s cash and carry unit, Assai, and it would be part of the French group …
USA: GenTech Holdings to acquire NxtBar
GenTech Holdings, emerging leader in the high-end premium coffee and functional foods has announced the acquisition of protein bar brand NxtBar. According to sources, the company has signed a letter of intent to purchase NxtBar. NxtBar produces a range of protein bars that are claimed to be keto-friendly, low in carbohydrates, low in sugar, paleo friendly and gluten free. GenTech Holdings plans to increase …
Brazil: BRF to open new distribution centre
BRF, the Brazilian meat and poultry firm announced that the company will invest R$70 million ($13 million) to build a distribution centre in the greater Vitoria region in Espirito Santo, Brazil. According to an article in Newtrade, the new centre will have more than 13,000 sq. mt. of built area, with solar panels capable of generating up to 1.5 megawatts of energy. The facility …
USA: E&J Gallo to invest $423 million in new plant
US wine firm E&J Gallo has announced plans to build a new $423 million production facility and distribution centre site in Chester County, SC, to support future business growth. The new plant will provide bottling and canning capacity, as well as warehousing and distribution, for the company’s portfolio of wine and spirit brands. Construction is set to begin immediately and is expected to create …
Australia: Mighty Craft to purchase Adelaide Hills Group
Australian craft drinks firm Mighty Craft is set to add the Adelaide Hills Distillery, Mismatch Brewing, and Hills Cider brands to its portfolio through the acquisition of alcoholic drinks firm Adelaide Hills Group, in a deal worth A$47 million ($36 million). The Adelaide Hills Distillery’s range includes gins and Australian whisky under the 78 Degrees brand name, as well as a range of vermouths …
Turkey: Kraft Heinz to purchase sauce maker Assan Foods
Kraft Heinz, the leading US food and drinks multinational, has announced an agreement to purchase Turkish sauces business Assan Foods for approximately $100 million. Assan Foods manufactures and sells a wide range of products including tomato paste, ketchup, mayonnaise, and pasta and meat sauces under brands such as Colorado, Kingtom, and Oba, as well as private label. With approximately 400 employees, Assan Foods serves …
Netherlands: Livekindly Collective to purchase The Dutch Weed Burger
Livekindly Collective, described as an activist network focused on meat-free foods, is set to acquire The Dutch Weed Burger, a Netherlands-based company that uses seaweed to make plant-based meat alternatives, according to a FoodBev report. Founded in 2019, The Dutch Weed Burger offers a wide variety of plant-based foods enriched with algae and microalgae, such as Weed Burger, Weed Balls, Weed Dogg, Seawharma and …
USA: Flowers Foods acquires assets of Koffee Kup Bakery
Flowers Foods, a producer of baked foods known for brands such as Nature’s Own, Dave’s Killer Bread, Wonder, and Canyon Bakehouse, has announced it has acquired the assets of Koffee Kup Bakery (KKB) from the court-appointed receiver for an undisclosed sum. Based in Vermont, KKB produces a range of baked goods, including bread, doughnuts and English muffins, serving customers in the Northeast and Mid-Atlantic …
USA: Cacique to build dairy processing facility in Texas
US-based Hispanic foods manufacturer Cacique has announced that the company is building an $88 million dairy processing facility in Amarillo, Texas, USA. According to sources, the construction of the new 200,000 sq. ft facility has already started and the decision to build the new plant was driven by the need to meet the growing demand for their market-leading products, such as Mexican style cheeses, …
USA: General Mills to cut jobs due to restructuring process
US food giant General Mills has announced that the company is restructuring and plans to cut up to 1400 jobs worldwide. According to sources, the company plans to cut from 700 to 800 jobs in the US and Canada and 500 to 600 jobs internationally. In May, General Mills filed a Form 8-K to announce the restructuring process aimed to align its organisational structure …
USA: Frito-Lay to invest $200 million in Rosenberg snack facility expansion
Frito-Lay, a division of PepsiCo and leading snack manufacturer has announced it is to invest $200 million on its Rosenberg, Texas, site. The investment will be used to create two manufacturing lines for snack brand Funyuns and tortilla chips, as well as increase the capacity in its warehouse. Expected to be complete by 2023, the expansion will create 160 new full-time jobs. “The Rosenberg site has the …
UK: Tesco and Carrefour to discontinue purchasing alliance
British retailer Tesco and French retailer Carrefour have announced that their purchasing alliance will not be extended. The global purchasing alliance was announced on July 2018, formed to cut down costs and secure better deals with major suppliers. Operational for three years, the alliance enabled the retailers to access new opportunities, suppliers, and new products. The retailers released a joint statement that said that …
China: Reckitt Benckiser to offload infant formula business for $2.2billion
British consumer goods multinational, Reckitt Benckiser has signed an agreement to sell its infant formula and child nutrition business in China to a private equity firm Primavera for $2.2 billion. The deal includes a manufacturing site in Nijmegen, the Netherlands and Guangzhou, China, and the royalty-free perpetual and exclusive licence of the Mead Johnson and Enfa family of brands in China. According to sources, …
USA: TreeHouse Foods to sell ready-to-eat cereal business to Post Holdings
North American leading manufacturer and distributor of private label packaged foods and beverages TreeHouse Foods, has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings for $85 million. The acquisition includes two manufacturing facilities located in Lancaster, Ohio and Sparks, Nevada and a research and development facility in Sauget, Illinois. “This transaction is another important step …
UK: Kraft Heinz to invest £140m in UK facility
US foods giant Kraft Heinz has announced its plans to invest £140m ($199m) in its Kitt Green food manufacturing facility located in the UK. According to sources, the investment would be the largest made by the company in a facility outside the US in more than two decades. The move, which is subject to approval in the US, will fund equipment and technology to …
UK: Ferrero to acquire Burton’s Biscuit
Ferrero-relative company has entered into a definitive agreement to acquire Burton’s Biscuit from Ontario Teachers’ for an undisclosed sum. The acquisition will allow the Italian producer to enlarge its offer of sweet biscuits products by adding to its portfolio British iconic brands such as Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s, and Thomas Fudge’s, in addition to the six manufacturing sites in the United …
Greece: Mondelez to buy snack maker Chipita for $2 billion
Mondelez International, the snack and confectionery multinational, has announced the acquisition of Greek snacking company Chipita for approximately $2 billion. Chipita is a producer of salty and sweet snacks in Central and Eastern Europe, with a leading position in the production of packaged croissant and baked snacks, having a portfolio of brands that among others include 7Days, Chipicao, and Fineti. According to company’s statement, …
Canada: Saputo to acquire two dairy alternative companies for CAD187 million
Canadian dairy company Saputo has strengthened its presence in the non-dairy cheese and value-added ingredients sector with two acquisitions for CAD187 million ($72.6 million approx). The acquisitions follow the company’s strategy to expand and accelerate its presence in the dairy alternative sector. The companies acquired by Saputo are the Scottish manufacturer, marketer, and distributor of vegan cheese Bute Island Foods, and the US-based company …
Portugal: Continente opens new store concept Continente Labs
Supermarket chain Continente, part of Portuguese retail and telecoms conglomerate Sonae, has announced the opening of a new store concept, Continente Labs. According to sources, it takes five seconds to buy something in the new 150 sq. mt. store, as the store is scan-less and cashier-less and the purchases are made through the Continente Labs app. The store is equipped with around 230 cameras …
Brazil: Marfrig acquires 24% from BRF
Brazilian beef producer Marfrig Global Foods has acquired 24.23 percent of chicken and pork producer BRF in the stock exchange, becoming the company’s top shareholder. According to sources, despite becoming the largest shareholder in BRF, Marfrig plans to be a passive investor only, and the move was made with the aim of diversifying its investments “in a segment which complements the sector where it …
Shahid Khan, CEO,
Al Islami Foods
Gama spoke to Shahid Khan, Chief Executive Officer, Al Islami Foods. What key trends do you expect to shape food innovation as a whole in 2021 and beyond? “The trend tilting toward healthy eating is getting stronger. Within that, from an innovation perspective, we feel plant-based items will take the lead in 2021 and beyond, as 28% of people say they have been eating …
Germany: Thai Union acquires remaining shares of Rugen Fisch
International seafood leader Thai Union Group PCL has announced the acquisition of the remaining 49 percent shares of the German shelf-stable seafood leader company Rugen Fisch AG. According to Thai Union’s statement, the company first acquired a majority of 51 percent of shares in Rugen Fisch in 2016 and has now purchased the remaining 49 percent. Thiraphong Chansiri, president and CEO of Thai Union …
Indonesia: Nestle Indonesia starts to build a new dairy facility in Java
Nestle Indonesia, a subsidiary of multinational food and drinks giant Nestle, has started the construction of a US$ 200million facility in Central Java. The 20 hectares of land facility will produce Bear Brand liquid milk and ready-to-drink beverages Milo and Nescafe to meet the consumer demand for dairy products in the region creating about 200 new jobs. Ganesan Ampalavanar, president director of PT Nestle …
USA: Hershey to acquire better-for-you brand Lily’s
Hershey, the US confectionery, and snacks firm has entered into an agreement to acquire Lily’s, the high-growth, better-for-you (BFY) confectionery brand. Lily’s is a manufacturer of low-sugar products such as dark and milk chocolate bars, baking chips, peanut butter cups, and other confectionery products. According to sources, Lily’s fits Hershey’s multi-pronged better-for-you snacking strategy, being a key brand in Hershey’s portfolio and allowing Hershey …
Brazil: JBS to invest $351m to expand capacity in Parana
Brazilian protein giant has announced the investment of BRL 1.85 billion (approximately $351.5 million) to expand its production capacity in Parana, southern Brazil. The investment, which will be made over the next five years, will include the construction of a prepared food plant and the modernization and expansion of the current Rolandia poultry factory in order to meet the demand of both domestic and …
UK: Exponent to acquire indulgent dessert brand Gu
Exponent Private Equity has signed an agreement to acquire indulgent, premium dessert brand Gu from Noble Foods for an undisclosed sum. Founded in 2003, Gu offers a variety of restaurant-quality desserts such as cheesecake, mousses, and hot pudding, as well as a range of free-from products. In 2010, Noble Foods acquired Gu brand and has supported its growth since then. “We are excited to …
USA: Beam Suntory and Edrington to end joint venture
Japanese-American world leader in premium spirits firm Beam Suntory and Scotland-based ultra-premium spirits company Edrington have closed an agreement for an equity swap, ending their joint venture. According to Beam Suntory’s press release, Beam Suntory will assume Edrington’s stake in Maxxium Spain, and Edrington will assume Beam Suntory’s stake in Edrington-Beam Suntory UK, via an equity swap. Both companies owned a 50 per cent …
USA: General Mills acquires Tyson Foods’ pet treats business
US food giant General Mills has announced that it has reached an agreement to acquire Tyson Foods’ pet treats business. According to General Mills’ press release, the move is part of the company’s strategy to reshape its portfolio for growth by adding an ‘attractive’ business to the fast-growing pet platform. Bethany Quam, General Mills group president, pet segment said: “Pet food is a high-growth …
Canada: Above Food to acquire organic legume and grain firm Farmer Direct Organic Foods
Above food has announced the acquisition of Farmer Direct Farmer Organic Foods (FDO), a 100% certified organic specialty legume proteins and grains business. FDO was founded in 2018 to provide organic, traceable, single-origin, family-farmed legumes, and kitchen staples for plant-based eating, by the second year the company grew to have its products in over 2,000 stores in North America. The acquisition will allow Above …
USA: Anheuser-Busch to signs distribution agreement for RTD cocktails Canteen Spirits
Ready-to-drink cocktail company Canteen Spirits has signed a distribution agreement with American leading brewer Anheuser-Busch and investment from the company’s investment and innovation group, ZX Ventures. Founded in 2019, Canteen Spirits is a manufacturer of no sugar, low carbs, and low ABVs drink brands such as Canteen, vodka-based cocktails, and Cantina, a tequila-based drinks. Fabricio Zonzini, president of beyond beer at AB InBev said: …
USA: Utz Brands to acquire Festida Foods for $41 million
US manufacturer of branded salty snacks, Utz Brands, has entered into an agreement with Great Lakes Festida Holdings to acquire all assets related to the operation of Festida Foods for $41 million. Festida Foods is a manufacturer of tortilla chips, corn chips, and pellet snacks for branded companies in the US, being the manufacturer of tortilla chips for Utz’s brand On The Border. The …
USA: Stage acquires Haystack Mountain Creamery
US based specialised growth venture fund Stage has announced the acquisition of Haystack Mountain Creamery, a cheese maker from Longmont, Colorado, USA. According to the venture fund’s press release, Haystack specialises in goat and cow milk cheeses, and the company has won a total of 80 awards including Best American Cheese Award in 2017 and 2018 from the Guild of Fine Foods. Chuck Hellmer, …
France: Carrefour signs partnership with Nordic Coops
Global retail giant Carrefour International Partnership has announced that the company has signed an agreement to form a commercial partnership with Nordic Coops, focusing on private labels. According to Carrefour’s press release, the partnership will enable Nordic Coops to buy Carrefour’s food and non-food private labels, such as French, Italian, and Spanish food private labels, as well as the development of manufacturing synergies. Patrick …
Norway: Orkla to acquire Icelandic company Noi-Sirius
Scandinavian consumer goods giant, Orkla, has announced the full acquisition of the Icelandic chocolate and confectionery company Noi-Sirius for an undisclosed sum. In 2019, Orkla acquired a 20% minority stake in Noi-Sirius and now Orkla has agreed to acquire the remaining shares in the company. Noi-Sirius is a chocolate and confectionery manufacturer with a workforce of around 120 employees with iconic brands such Sirius, …
USA: House Foods America to invest in $146.3 million facility
House Foods America, a subsidiary of Japan-based House Foods Group, has announced the investment of $146.3 million in a new tofu facility in Kentucky, USA. The construction of the 350.000 square foot facility is expected to begin next year and be finished by 2025. The new facility will manufacture tofu using US-grown, non-GMO soybeans and other food products, creating 109 new jobs. “It is …
USA: Laird Superfood to acquire Picky Bars for $12 million
Laird Superfood, a maker of plant-based packaged beverage products, has entered into an agreement to acquire Picky Bars for $12 million in cash and stock. Founded in 2010 by professional athletes, Picky Bars is a manufacturer of wholesome snacks and breakfast products such as nutrition bars, oatmeal, granola, pancakes, and nut butter. Picky Bars CEO Jesse Thomas said that the acquisition will “accelerate our …
UK: Britvic to acquire plant-based drink business Plenish
Global soft drinks giant Britvic has announced the acquisition of the UK plant-based drink business Plenish, for an undisclosed sum. Founded in 2012, Plenish makes a range of plant-based milks and plant-powered juices from high-quality, organic, and sustainably sourced ingredients. The products are low calories, and free from added sugar and preservatives. The acquisition follows Britvic’s plans to build a portfolio of soft-drinks brands …
Netherlands: Tony’s Chocolonely to acquire Belgian chocolate maker Althaea-De Laet Int
Tony’s Chocolonely has announced the acquisition of its Belgian chocolate bars manufacturer Althaea-De Laet Int for an undisclosed sum. The acquisition will allow Tony’s Chocolonely to operate its own factory, scale up its manufacturing capacity, innovate faster, and be more flexible in production. Althaea-De Laet Int was founded in 1960 as a family business, manufacturing private label products to companies such Tony’s Chocolonely. Anne-Wil …
USA: Green Hygienics to acquire Bohemian Beverage
Green Hygienics Holdings Inc, a company that focuses on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical grade-bioactive cannabinoids, has announced the letter of intent (LOI) to acquire the Bohemian Beverage Co. Bohemian Beverage Co. has a portfolio of twenty beverage brands, including CBD-infused teas, kombuchas, beers, ciders, ready-to-drink cocktails, and more, which are directly distributed and sold through …
USA: Unilever to acquire Onnit
Unilever, the Anglo-Dutch consumer goods giant, has announced that the company has reached an agreement to acquire Onnit, a holistic wellness and lifestyle firm based in Austin, Texas. According to Unilever’s press release, Onnit’s supplements are the foundation of the brand’s portfolio, and its products are made with high-quality ingredients to provide benefits such as improved cognitive function, mood, relaxation, gut health, and immunity …
Greece: CVC Capital Partners to acquire majority stake in Dodoni
Private equity firm CVC Capital Partners VII has announced that it has reached an agreement to acquire a majority stake in Greek dairy company Dodoni from SI Foods Ltd, Dodoni’s majority shareholder. According to CVS Capital Partners’ press release, in 2012, the leading Greek dairy and best-selling Greek Feta PDO brand Dodoni, was privatised and sold to SI Foods Ltd, a group of private …
USA: Nestle in discussions to acquire The Bountiful Company
Multinational food and drinks giant, Nestle has announced that it is in discussions to buy all or part of The Bountiful Company. The Bountiful Company is a manufacturer, marketer, and seller of vitamins, minerals, and other specialty supplements and active nutrition products. Majority-owned by private equity firm KKR Co & Inc, The Bountiful Company’s portfolio includes brands such as Nature’s Bounty, Solgar, Pure Protein, …
USA: Tyson Foods to invest $48 million in a facility expansion
Tyson Foods, one of the world’s largest meat firms, announced the investment of $48 million in the expansion of a poultry facility in Arkansas. According to company’s press release, the investment will add extra capacity to the plant’s fully cooked processing lines and will add automated processes to product packing lines. The Pine Bluff facility and related operations were built by Tyson Foods in …
UK: Real Good Food to sell Brighter Foods to The Hut Group for £43 million
UK-based Real Good Food has announced the sale of its snack bar subsidiary Brighter Foods to The Hug Group for £43 million. Brighter Foods is a manufacturer of healthy snack bars for global confectionery, wellness, and breakfast food brands. The deal will allow Real Good Food to reduce debt, pay some of its pension deficit and provide working capital to support its growth. Mike …
Indonesia: Kerry to build a €30m million in taste facility in Indonesia
Taste and nutrition company, Kerry, has announced the investment of €30 million in the construction of a new manufacturing facility in Karawang, Indonesia. The new state-of-the-art facility is the largest investment that the company has made in the fast-growing markets of South East Asia. The facility will be Kerry’s second manufacturing site and third in Indonesia. The greenfield development will have a flavour manufacturing …
Brazil: JBS to acquire plant-based firm Vivera
Brazilian protein giant has entered into an agreement to acquire plant-based protein producer Vivera for €341 million. Headquartered in The Netherlands, Vivera produces a wide range of plant-based meat replacements operating in over 25 countries across Europe. The deal includes three manufacturing units and a research and development centre located in The Netherlands. The acquisition strengthens JBS’s plans to expand its presence in the …
USA: SunOpta to acquire Dream and WestSoy brands from Hain Celestial
SunOpta has announced the acquisition of plant-based beverages brands Dream and WestSoy from Haim Celestial for $33 million. The acquisition will allow SunOpta, a leading manufacturer of organic, natural, and non-GMO plant-based and fruit-based food and beverage products, to accelerate growth in the dairy alternative sector. “This transaction is very consistent with our previously stated objective of pursuing strong organic and inorganic growth in …
USA: Diageo acquires Loyal 9 Cocktails
Leading North America alcoholic drinks firm Diageo has announced the acquisition of Loyal 9 Cocktails, a spirits-based ready to drink brand from Sons of Liberty Spirits Company. According to Diageo’s statement, Loyal 9 is ‘rapidly growing’, producing vodka-based drinks featuring indulgent flavours with high-quality ingredients and 100% real fruit. Debra Crew, president of Diageo North America, said: “Loyal 9 hits an RTD ‘sweet spot’, …
Australia: Procter & Gamble acquires Voost
US-based multinational Procter & Gamble (P&G) has announced the acquisition of the Australian brand Voost Vitamins. The Melbourne-based firm, Voost, is claimed to be the leading effervescent supplements brand in the country, available through in retailers and pharmacies and it is also distributed to Singapore, UK, and Hong Kong. Paul Game, P&G personal health care president, said: “This move enables us to expand our …
USA: Good Hemp to complete acquisition of Diamond Creek
Hemp-infused beverage company, Good Hemp, has closed the acquisition of Diamond Creek Group a manufacturer of ionised high alkaline natural spring water. According to sources, the acquisition of Diamon Creek is part of the distribution expansion plans of Good Hemp. The growing demand of functional water is expected to reach $18.24 billion by 2025. Ken Morgan, founder of Diamond Creek, said: “I am very …
USA: Riviana Food to expand facility in Memphis
North American company, Riviana Foods, has announced an investment of $15 million in the expansion and improvement of its Memphis rice facility. The investment will be used to renovate and update the existing processing lines, controls, and rice transfer system. The improvements will increase reliability, volume output, productivity, and efficiency, according to sources. “This is an exciting time for Riviana and our employees as …
UK: Vibrant Foods to acquire Fudco
Producer and distributor of South Asian food in the UK, Vibrant Foods, has announced the acquisition of Fudco a producer of Asian food. Founded in 1979, Fudco has a portfolio of 2,500 SKUs with products such as nuts, spices, dried fruits, pulses, specialty flour and other Asian foods. Rohit Samani, executive chairman of Vibrant Foods, commented: “We see this new partnership as a powerful …
USA: Tyson Foods to invest $425 million in a new poultry complex
American international food corporation, Tyson foods has invested $425 million in a new poultry complex in Tennessee. Located in Gibson County, the 370,000 square foot facility includes a processing plant, feed mill, and hatchery, and it will produce pre-packaged trays of fresh chicken for retail grocery stores. The facility is expected to employ more than 1,500 employees by 2023. Donnie King, chief operating officer …
UAE: Agthia to acquire Egyptian meat producer Atyab
UAE-based food and beverages company, Agthia, has acquired a majority stake in Egyptian producer of frozen processed chicken and beef products and owner of the Atyab brand, Ismailia Investments. The acquisition is part of Agthia’s plans to expand its presence in the processed protein sector after the recent acquisition of Nabil Foods. Ismailia Investments has a portfolio of brands such as Atyab, Meatland, Shiketita, …
USA: Brynwood Partners acquires De Wafelbakkers
Private equity firm Brynwood Partners VIII L.P. has announced the acquisition of De Wafelbakkers from The Oklahoma Publishing Company, a subsidiary of the Anschutz Corporation. De Wafelbakkers is a manufacturer of branded and private label frozen pancakes, waffles, and French toast that employs around 650 people and has two manufacturing facilities. Henk Hartong III, chairman, and CEO of Brynwood Partners said: “Brynwood already has …
USA: Cerelia acquires US Waffle
Paris-based Ardian-backed firm Cerelia has announced the acquisition of US Waffle and that the company has received a strategic equity investment from Continental Grain Company. Cerelia is a leading manufacturer of fresh, ready-to-bake dough for pie and pizza and ready to heat pancakes, crepes, and cookies, whilst US Waffle specialises in premium pancakes and waffles. The acquisition comes after the company acquired Wewalka’s North …
Gama News – January – March 2021
The January – March 2021 edition of Gama News is now available. In this edition: o Innovation Insight: GoodSport Sports Drink o Industry Insight: Shahid Khan, Al Islami Foods CLICK HERE to read it now.
Canada: CapVest to sell Eight Fifty to Sofina Foods
CapVest Partners has entered into an agreement with Sofina Foods to sell Eight Fifty Food Group, a producer of seafood and pork in Ireland and the United Kingdom, for an undisclosed amount. The privately owned Canadian company Sofina Foods operates in 21 different sites and is one of Canada’s largest producer of pork, beef, turkey, and chicken products. With the acquisition of seafood and …
USA: Post Holdings to acquire Ronzoni pasta from Riviana Foods
8th Avenue Foods & Provisions, an affiliate of Post Holdings, has entered into an agreement to acquire Ronzoni dry pasta from Riviana Foods, a subsidiary of Ebro Foods for $95 million. The divestment comes after Riviana Foods sold a majority stake in its USA branded pasta portfolio to TreeHouse Foods and Ebro Foods sold Catelli dry pasta to Barilla in Canada. Scott McNair, CEO …
Brazil: Carrefour to buy food retailer Grupo BIG
Global retail giant Carrefour has reached an agreement with Advent International to acquire the third-largest retailer in Brazil Grupo BIG, for about $1.3 billion. The deal reinforces Carrefour’s presence in Brazil, making it almost as big as its European operations outside of France. The acquisition, which is subject to Brazil antitrust approval, will be realised 70% in cash and 30% through new Carrefour Brazil …
Portugal: Chocolates Valor acquires Imperial
Spanish chocolate producer, Chocolates Valor, has announced the acquisition of Portuguese firm Imperial Produtos Alimentares, the major chocolate manufacturer of Portugal. Imperial, owner of brands such as Regina, Pantagruel, Jubileu and Pintarolas, was part of the venture capital fund Vallis Sustainable Investments I, but within a few weeks it will become part of the leading group in Spain Chocolates Valor, which invoices around €138 …
USA: General Mills proposes sale of European Yoplait
General Mills, the US food giant, has announced a deal to sell its 51% controlling interest in European Yoplait S.A.S. to French dairy cooperative Sodiaal. The ‘memorandum of understanding’ set between both firms includes a reduced royalty rate for use of the Yoplait and Liberte brands in the United States and Canada, as well as full ownership of the Canadian Yoplait business – making …
UK: Mondelez to acquire majority stake in Grenade
Snack and confectionery multinational Mondelez has announced the acquisition of a majority stake in sports nutrition firm Grenade for an undisclosed sum. Founder in 2010, Grenade is a manufacturer of sports nutrition products with a portfolio of high protein, low sugar products such as bars, shakes, and drinks with exports over 30 countries. The partnership with Mondelez will give access to Grenade to more …
Australia: Patties Foods acquires Fitness Outcomes
Australian pie and pastry firm Patties Foods has announced the acquisition of the ready meal business Fitness Outcomes. According to Inside FMCG, the addition will allow Patties Foods’ annual sales to reach around AUD $500 million ($387 million). During the next two months, the production of the 20 refrigerated and frozen healthy ready meals will be moving to Patties Foods’ Packenham and Australian Wholefood …
Netherlands: FrieslandCampina and Arabian Food Industries form joint venture
Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East. According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and the Middle East from Egypt. “We have been seeking …
USA: Diageo to invest $80 million in expansion plans
Leading North America alcoholic drinks firm Diageo has announced plans to expand its manufacturing footprint and install two high-speed can lines at a new facility in Plainfield, Illinois. The expansion project will need an investment of nearly $80 million, which will increase Diageo’s capacity to over 25 million cases of RTDs per year, including a 500 cans per minute line and a 1200 CPM …
Belgium: Kellogg’s to Invests in Belgian Pringles plant
Leading US cereal and snacks firm Kellogg has announced plans to invest nearly $35,7 million in its Pringles snacks brand factory in Belgium, to boost sustainability and to increase capacity. With an annual production of around 104,000 tonnes of crisps and a workforce of around 650 employees, Mechelen is one of the three largest Pringles worldwide factories and shipping crisps to Europe, North Africa, …
Milk carves out niche as ‘electrolyte-rich, high calcium’ sports drink
The latest innovation insight from Gama Compass MANCHESTER – 18th March 2021: This month’s Innovation Insight focuses on a new functional beverage promising to deliver “truly effective hydration” by combining the natural properties of milk with the benefits of the latest technology – GoodSport Sport Drink. Newly introduced by GoodSport Nutrition in the US, GoodSport Sport Drink repositions milk as a drink for athletes, using …
UK: Vibrant Foods acquires Everest Dairies
UK based Vibrant Foods, parent company of South-East Asian food brands has acquired paneer maker Everest Dairies, aiming to expand its portfolio. Everest Dairies is based in Leicester, employing 43 people and supplies paneer products and set yoghurts to retailers and foodservice. The new brand will join a portfolio that includes the brands TRS, East End Foods and Cofresh. Besides producing and distributing products …
Brazil: Mateus Group to build distribution centre and open 59 stores
Brazilian retailer Grupo Mateus has announced plans to open a distribution centre in Ceara and 59 new stores in a period of five years. According to an article in Focus.jor, the group has already started the process to open its first store in Sobral, Ceara. The company considers it a strategic state and proof of that is the bold investment planned for the next …
USA: Nestle to acquire alkaline water Essentia
Multinational food and drinks giant, Nestle has announced the acquisition of Essentia Water, a premium functional water brand based in Washington. Worthing $192 million in sales the past year, Essentia produces ionized alkaline water, being the leading brand in that space in the United States. Now it will be part of Nestle USA Premium Waters portfolio together with Perrier, San Pellegrino, and Acqua Panna. …
UK: Oatly Unveils Plans to Open Its First UK Factory
Oatly, the Swedish firm behind the namesake dairy-alternative milk, has announced plans to open its first UK factory at the beginning of 2023. With a forecast capacity of 450 million litres production of oat milk per year, the new factory is said to be one of the largest plant-based dairy factories in the world and is expected to supply Peterborough area, where it is …
Australia: Mondelez to acquire snack company Gourmet Food
Mondelez International, the snack and confectionery multinational, has announced the acquisition of Gourmet Food, a leading manufacturer and distributor of premium entertaining food products, for an undisclosed sum. The movement is part of Mondelez’s strategy to strengthen its position in the snacking sector, following the recent acquisitions of Perfect Snacks and Hu Master Holding. Gourmet Food manufactures premium crackers and biscuits under the OB …
USA: Diageo set to buy RTD Ranch Water brand
Diageo, the leading alcoholic drinks firm, has announced the acquisition of beverage producer Far West Spirits, for an undisclosed amount. Far West Spirits produces the Lone River ‘Ranch Water’ brand, an RTD beverage producer known for drawing inspiration from the classic Texan ‘Ranch Water’ cocktail. The Ranch Water agave-flavoured range includes Original, Spicy, and Rio Red Grapefruit. Each 355ml can is said to be …
Turkey: Siniora Food acquires Trakya ET
Siniora Food Industries, a subsidiary of Arab Palestinian Investment Company (APIC) and a leading regional meat processing company, announced the acquisition of a 77% stake in Trakya ET Co., a meat manufacturing firm in Turkey. According to PR Newswire, the acquisition is part of the company’s strategy to grow its market share regionally and globally and the Turkish market will be a key element …
Brazil: Enxuto to open 11 stores and launch private label
Brazilian retailer Enxuto Supermercados has announced its plans for 2021, revealing that 11 new stores will open and a new private label will be launched. According to Newtrade, the 11 new stores will prioritise the ease of purchase so that the consumers can easily and quickly buy the desired items and they also have the option of using services such as click & collect, …
Brazil: Selmi acquires the Todeschini brand
Brazilian firm Pastificio Selmi has announced the acquisition of Todeschini, a brand of pasta and biscuits. The Todeschini brand joins the company’s portfolio that includes the brands Renata and Galo, ensuring Selmi’s second place in the Brazilian pasta market. “Like Selmi, Todeschini has the DNA of a family history and focuses on the quality of its products. This step taken with the acquisition of …
UK: Nestle to acquire recipe company SimplyCook
Food and drink giant Nestle has entered into an agreement deal to acquire British producer of recipe kits SimplyCook for an undisclosed sum. SimplyCook provides pre-portioned, letterbox-sized recipe kits delivered with simple instructions and specific supplies, to consumers in the UK and Ireland. Since its launching, the London-based company claims to has helped customers cook over 20 million recipes. “I am delighted to welcome …
USA: Coca-Cola announces interest in controlling Bodyarmor stake
American multinational beverage Coca-Cola company has revealed intentions to acquire a controlling stake in Bodyarmor, a functional drinks business. Bodyarmor’s portfolio includes a range of enhanced water drinks, sports drinks made with coconut water, and lower-calorie. According to sources, a Coca-Cola spokesperson said: “We can confirm that The Coca-Cola Company has filed a pre-acquisition notification with the Federal Trade Commission relating to its intent …
USA: Danone to add Follow Your Heart to plant-based portfolio
Danone, the food and beverage multinational, has announced a partnership with plant-based foods producer Earth Island to acquire 100% of its shares as well as the Follow Your Heart Brand. The Follow Your Heart product portfolio includes dairy-free cheeses and yoghurt, egg-free mayonnaise, cream cheese alternatives, and salad dressings. Danone said the deal would expand its plant-based offerings, adding Follow Your Heart to existing plant-based brands such …
Netherlands: Ahold Delhaize to acquire 39 Deen stores
Dutch retailer Ahold Delhaize has announced that it has reached an agreement with Deen to acquire a number of stores to be converted to operate under the Albert Heijn banner. According to the company, Deen intends to sell 80 stores, distribution centres, its remaining business units, and its head office in Hoorn. An agreement is said to have been reached between Deen and Albert Heijn, …
USA: 1776 Spirits Company acquires American Harvest Vodka and Beach Whiskey
Darco Capital, via the newly-formed 1776 Spirits Company, has announced it has acquired the spirit brands American Harvest Vodka and Beach Whiskey. The new company said it intended to provide the infrastructure and resources to market the brands, distribute and expand distribution, and develop innovative products. Rebecca Running, CEO of 1776 Spiritsm said: “American Harvest Vodka is poised to appeal to today’s market of thoughtful, …
Belgium: Lidl to open 23 new stores
Supermarket chain Lidl has announced that it plans to open 23 new stores in Belgium by the end of February 2022. According to a press release from the retailer, new stores have already opened in Zottegem and Virton, with four more set to open in Retie, Beaumont, Aubange, and Tongeren later in February. Lidl also said it planned to remodel nine stores in Belgian cities and …
USA: Total Produce and Dole agree merger
Dole Food Company, a North American manufacturer, marketer, and distributor of fruit and snacks, and Irish Total Produce, a fresh produce firm, have entered into a binding transaction agreement to combine under common ownership. The transaction aims to simplify the existing structure between the two companies by enabling operational integration and allowing synergies across the enlarged business, thus creating a new world giant specialised …
Russia: Atria to sell Pit-Product
Finnish firm Atria has announced that it has entered into an agreement to sell its Russian food subsidiary Pit-Product. In a press release, Atria said it had investigated various ways of developing its Russian business and has now entered into an agreement to sell Pit-Product to Agricultural Complex Mikhailovskiy, part of the Cherkizovo Group. Cherkizovo is claimed to be Russia’s largest manufacturer of meat …
Brazil: Super Nosso and Carrefour open first joint store
Brazilian retailers Grupo Super Nosso and Carrefour have opened their first joint store, which is located in Belo Horizonte, Minas Gerais, Brazil. According to Newtrade, the new outlet is the first to open as part of an agreement reached between the two chains in 2019. Under the partnership, a total of 16 former Carrefour Bairro stores are planned to open under the Super Nosso banner. …
Switzerland: Nestle to sell Nestle Waters North America
Multinational food and drinks giant Nestle has reached an agreement to sell its Nestle Water North America business to One Rock Capital Partners in partnership with Metropoulos & Co. for $4.3 billion. The sale includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountains, Zephyrhills, Arrowhead and Spring. International premium brands including Perrier, S.Pellegrino, and Acqua Panna are not part of the deal. …
USA: Hormel Foods to acquire Planters brand
Global branded food company Hormel Foods has announced the acquisition of the Planters brand from Kraft Heinz for $3.35 billion. The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production sites. In 2020, Planters snack portfolio net sales were approximately $1 billion, and are expected to grow at Hormel’s long-term organic growth target. “Our competencies in brand stewardship, …
UK: Wyke Farms opens new export centre
UK-based cheesemaker Wyke Farms has announced the opening of an export “centre of excellence” with increased maturing and dispatch storing space and an on-site packaging facility. According to a company press release, the cheese production capacity of aging was increased by an additional 2,500 tonnes of cheddar stocks since demand for Wyke Farms’ flagship 18-month-old Ivy Reserve cheddar has seen an increase in demand worldwide. …
Italy: In’s Mercato to open 30 stores in 2021
Italian discount retailer In’s Mercato is planning to open 30 new stores this year, aiming to expand its footprint and consolidate its brand. According to ESM, the retailer, owned by Pam-Panorama Group, is also planning to refurbish 90 stores in northeast, northwest and central Italy, in addition to the 30 new store openings. The new stores will feature an In’s Forno in-store bakery, as well …
Brazil: Aymore invests over $1.8 million in factory
Aymore, a biscuits firm owned by the Arcor Group, has announced an investment of over BRL$10 million ($1.8 million) in its factory located in Contagem, Grande Belo Horizonte, Brazil. According to Newtrade, the investment aims to increase the facility’s production capacity by 20%. Anderson Freire, director of marketing, research and development at Arcor do Brasil, said: “We acquired technologies and new product lines that …
UK: Mondelez to invest £15 million in new chocolate production line
Snacks and confectionery multinational Mondelez has announced plans to invest £15 million ($21 million) into a new production line at its Bournville chocolate facility in Birmingham, UK. According to sources, £11 million of the investment will be spent to create a new production line for Cadbury Milk tablets as the company consolidates the majority of its tablets production at the site, and £4 million …
France: Biscuit International to buy Portuguese bakery firm Dan Cake
Biscuit International, the France-based bakery firm, has reached an agreement to acquire Dan Cake, a Portuguese manufacturer and distributor of biscuits and cakes for an undisclosed sum. Dan Cake is a family-owned business founded in 1978 and headquartered in Coimbra, Portugal. The company, which has two manufacturing sites and employs 500 staff, is a leading producer of cakes and biscuits in Portugal and a …
USA: Chickapea to launch +Greens “veggie-packed” pasta line
Natural food company Chickapea has announced the launch of +Greens, described as a new “veggioe packed” organic pasta line with 24g of plant-based protein per serving. According to the company, +Greens is an organic, gluten free pasta made with chickpeas, lentils, kale, and spinach, available in the varieties penne, spaghetti and spirals. Each serving is said to provide more than two servings of vegetables, …
China: Kerry Group to acquire Jining Nature Group
Global food manufacturer Kerry Group has reached an agreement to acquire Chinese flavour and seasoning company Jining Nature Group for an undisclosed sum. Through the acquisition, Kerry Group plans to strengthen its presence in the Asia Pacific market. The firm also said it intended to bring a wide range of authentic local and regional taste technologies and application capabilities to the Kerry portfolio. Founded …
Italy: Barilla to acquire Capelli dry pasta business
Leading Italian food company Barilla has acquired the Capelli dry pasta company in Canada from Spanish firm Ebro Foods for C$165 million ($130 million). The Capelli pasta business includes the Capelli, Lancia, and Splendor brands and a manufacturing plant in Montreal. “We’re leading the charge in transforming the pasta category, and as a category leader worldwide, it’s our mission to be an architect of …
UK: Heineken to take ownership of Brixton Brewery
Multinational brewer Heineken has announced the full acquisition of Brixton Brewery for an undisclosed sum. The acquisition comes three years after Heineken bought a 49% stake in the firm. According to sources, the founders of Brixton Brewery will continue leading the company operations. Jez Galaun, founder of Brixton Brewery commented: “When we look back over the past seven years, we honestly can’t believe how …
Look Ahead: Mark Napier, Gulfood 2021
Gama spoke to Mark Napier, Show Director, Gulfood, ahead of the 2021 edition of the Middle East tradeshow. What are your expectations for this edition of Gulfood? For more than three decades, Gulfood has been at the forefront of the global industry and the 2021 edition is no different. Gulfood was the only major global F&B sourcing event to take place in 2020 and, …
USA: Flagship Food Group to invest in La Tortilla Factory
Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures, sells, and distributes a wide portfolio of brands, has invested in Mexican food firm La Tortilla Factory, becoming the majority stakeholder of the company. The investment is intended to support La Tortilla Factory’s future growth strategy. La Tortilla Factory is a family-owned manufacturer and distributor of Mexican food products such as corn, …
Sweden: Coop to open first unmanned store
Scandinavian retail chain Coop has announced the launch of its first unmanned store located at Satrahojden in Gavle, Sweden The store, part of a move by Coop to explore innovative retail solutions, was tested last summer and will be operated by Coop Mitt, a co-operative running more than 60 stores in Gastrikland, Halsingland, Dalarna, Uppland and Vastmanland. According to sources, the store is equipped with cameras and …
Brazil: Ambev and Beam Suntory sign distribution agreement
Japanese-American firm Beam Suntory, the world’s third largest manufacturer of spirits, behind Diageo and Pernod Ricard, has closed an agreement with Ambev, Brazil’s largest beer manufacturer, to distribute its portfolio in Brazil. According to Distribuicao, from 2015 to July 2019 Beam Suntory’s portfolio was imported and sold by Bacardi, from which point Beam Suntory took over the operation in the country. In July last …
Julia Stamberger, Founder,
Spinning Wheel Brands
Gama spoke to Julia Stamberger, Founder, Spinning Wheel Brands. What have been the biggest impacts of the health and economic crisis on the consumer goods industry, and how best should brands respond? “Consumers are no longer discovering new products and brands in-store, as demos and most trade promotions have been suspended, and when they enter stores, customers are quickly shopping their list and leaving, …
Thailand: Thai Union to invest in cell-based seafood company BlueNalu
Thai Union Group, a world-leading seafood company, has announced an investment in BlueNalu, a cell-based seafood start-up. Founded in 2018, BlueNalu has developed what is claimed to be an innovative way to produce fish products directly from the cells of fish, in which the taste, texture and nutritional value of the products do not vary in the process. “Thai Union is an industry leader in …
UK: Kendamil unveils two new baby cereal products
UK baby food firm Kendamil has launched two new baby cereal products, according to a FoodBev report. Suitable for babies from four months, the new Broccoli & Cheesy Cauliflower and Apple and Blackcurrant Oat Porridge are claimed to be free from added sugars, palm oil and preservatives. Launched in line with what Kendamil said was increasing demand from customers, the new Broccoli & Cheesy …
UK: Barilla acquires majority stake in Pasta Evangelists
Italian pasta and sauce company Barilla has announced the acquisition of a majority stake in Pasta Evangelists, a startup that delivers fresh pasta meal kits to homes in the UK. Founded in 2016, Pasta Evangelists delivers boxes of fresh pasta meal kits directly to clients and also distributes pasta and sauces through digital platforms and a physical outlet. According to Barilla, the acquisition, made …
Italy: Babasucco launches new avocado-based Energy Estratto drink
Babasucco, an Italian consumer goods company, has launched a new drink called Energy Estratto which is claimed to harness all the properties of avocado. The new launch is the latest in Babasucco’s line of cold-pressed juices which it first launched to the Italian market in 2015. According to the company, the line was created “to satisfy a specific function and has been studied to nutritionally satisfy”, …
UAE: Agthia to acquire majority stake in Nabil Foods
Agthia, the leading Middle East food and drinks firm, has announced that it has acquired a majority stake in Nabil Foods, a regional manufacturer of frozen and chilled protein products that are distributed to more than 20 local and international markets. According to a report in the Khaleej Times, Nabil Foods specialises in manufacturing a range of frozen and chilled meat products, from chicken shawarma …
Canada: Hero Group acquires Baby Gourmet
Swiss-based food company Hero has announced the acquisition of Canadian organic baby food firm Baby Gourmet. According to a company press release, the purchase is part of a strategy to increase the company’s baby food category footprint. “We are extremely pleased to have positively concluded the acquisition of Baby Gourmet and to have found a strategic partnership model with the founders to continue their entrepreneurial …
USA: Coca-Cola to sell Zico coconut water to original founder
Global soft drinks company Coca-Cola Company has sold the Zico coconut water brand back to its original owner, through the equity firm PowerPlant Ventures, after eight years. Mark Rampolla, creator of the Zico brand and co-founder of PowerPlant Ventures, said: “I respect the decision of Coca-Cola to focus on other elements of their beverage business. I still have a lot of love for ZICO, …
USA: Maple Leaf Foods to expand plant-based production
Maple Leaf Foods has announced that its subsidiary Greenleaf Foods, a leader in plant protein products, has acquired a food processing plant in Indianapolis, USA, in order to increase production capacity for tempeh. According to Maple Leaf Foods, growing demand for Greenleaf Foods’ Lightlife tempeh products was the driving force behind the acquisition of the 118,000 sq ft plant, which will have an initial capacity of …
USA: Utz Brands to acquire Vitner’s snack brand
Savoury snacks US firm Utz Brands has announced that its subsidiary Utz Quality Foods has reached an agreement to acquire the Vitner’s snacks brand and distribution assets from Snak-King Corp for $25 million. The sale includes intellectual property such as the brand trademark and direct-store-delivery (DSD) distribution assets related to the brand’s products. “This transaction is a continuation of our strategy to successfully build long-term …
Brazil: Bem Brasil to invest in factories
Brazilian frozen potato chips firm Bem Brasil has recently announced plans to invest R$700 million ($132 million) to increase its production capacity. According to sources, Bem Brasil competes in the frozen potato chips category with groups such as BRF, JBS, Minerva and McCain. From 2017 to 2019 the company’s revenue reportedly grew, on average, by more than 50% per year. Bem Brasil will start …
USA: Ben & Jerry’s launches Doggie Desserts
Ice cream maker Ben & Jerry’s, a subsidiary of FMCG multinational Unilever, has entered into the pet food market with Doggie Desserts, a new line of frozen dog treats. The range is said to use the same ingredients a the company’s regular non-dairy desserts such as pea protein, coconut oil, and wheat flour, with a base of sunflower butter. “We know our fans love …
USA: Jimmy’s Cookies acquires Ecce Panis from Campbell Soup
US-based manufacturer of branded and private label biscuits Jimmy’s Cookies has entered into an agreement to acquire artisan bread brand Ecce Panis from Campbell Soup. The acquisition includes Ecce Panis’ bakery facility, which will double Jimmy’s Cookies’ manufacturing capacity for its gourmet biscuit business. “The addition of the Ecce Panis brand is consistent with our strategy to drive growth through expanding and diversifying our …
USA: Mondelez to acquire snacking company Hu Master Holding
Snack and confectionery multinational Mondelez has announced the acquisition of Hu Master Holding, a US-based snack company. In 2019, Mondelez made a minority investment in Hu through its SnackFutures division. Hu is a family business founded in 2012 that has become a category leader in premium chocolate bars with a portfolio of products that includes snacking and baking chocolates, chocolate-covered nuts and berries, and grain-free …
USA: Zevia secures $200 million investment
Global institutional investor Caisse de Depot et Placement du Quebec (CDPQ) has invested $200 million in the US beverage producer Zevia. Zevia is headquartered in Los Angeles and produces zero-calorie, stevia-sweetened soft drinks, organic teas, and mixers that are distributed in the US and Canada. Zevia CEO Paddy Spence commented: “Zevia is focused on making the world a better place through sustainable, affordable products …
Brazil: Maricota Alimentos invests in new factory
Brazilian firm Maricota Alimentos has announced that it has invested R$50 million ($9 million) in a new factory in Luz, Minas Gerais as part of plans to double sales by 2025 to R$500 million ($96 million). According to Newtrade, the new manufacturing headquarters will have 15,000 sq m of production space, and the Minas Gerais region was strategically chosen due to its proximity to suppliers of dairy …
UK: Baxters Food Group to acquire Truitt Bros
UK food manufacturer Baxters Food Group has acquired US-based contract manufacturer Truitt Bros for an undisclosed sum. Truitt Bros is a manufacturer of shelf-stable, thermally processed foods, operating from two facilities with a workforce of over 500 staff. According to sources, the acquisition is part of Baxters’ plans to expand its US and global growth strategy. “Truitt Bros is an industry innovator, providing high …
Gama News – October – December 2020
The October – December 2020 edition of Gama News is now available. In this edition: o Insight By Gama Compass: The Covid-19 food and drink innovators o Gama Innovation Conference & Awards 2020 o Industry Insight: Julia Stamberger, Spinning Wheel Brands o Look Ahead: Gulfood 2021 CLICK HERE to read it now.
Netherlands: IK Investment Partners to sell Signature Foods
IK Investment Partners has announced the sale of Signature Foods to Pamplona Capital Management for an undisclosed sum. Headquartered in the Netherlands, Signature Foods is a branded and private label food franchise in the chilled categories of spreads and dips, bites and tapas, and meal solutions with a portfolio of brands including Johma, Delio, Hamal, and Heks’nkaas. Signature Foods employs over 600 people across …
Canada: Lactalis Canada buys Ultima Foods
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of yoghurt and fresh dairy firm Ultima Foods from Agropur Group. According to the company, the transaction includes all shares in Ultima Foods, and the Iogo, Iogo Nano, and Olympic brands as well as yoghurt production facilities in several locations. With the acquisition, Lactalis Canada will add 450 employees to its …
USA: Whole Earth Brands to buy Wholesome Sweeteners
Plant-based food firm Whole Earth Brands has entered into an agreement to acquire Wholesome Sweeteners for an initial price of $180 million. Founded in 2001, Wholesome Sweeteners produces plant-based and fair-trade certified sweeteners, including sugar, honey, agave nectar, allulose, and other liquids and sweetener products, holding a 76% share in the organic granulated sugar segment of the organic and natural channel. “Sweets are a …
China: Nestle launches Harvest Gourmet brand
Food and drink giant Nestle has announced that it is introducing the plant-based brand Harvest Gourmet in China. According to a company’s press release, the plant-based range includes burgers, sausages, nuggets, and mince, as well as alternatives to meals such as kung pao chicken, braised meatballs, pork belly, and spicy wok. The new range will be produced in Tianjin, China in a new facility that …
USA: Norwest Equity Partners acquires Red Monkey Foods
Investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners. Red Monkey Foods is a manufacturer of organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, and operates three facilities. Commenting on the deal, NEP Partner Sundip Murthy said: “Red Monkey continues to deliver strong sales growth and provides a …
China: McCain to build second processing facility
Global potato company McCain has announced a $200 million investment to construct a second potato processing facility in China. In a statement, the company said the development comes as the company intends to meet the growing demand for its potato products in China, building on its 25 year presence in the country. The new potato processing plant will be located in Yangling Agriculture Hi-Tech Development Zone, Shaanxi …
Brazil: Marilan acquires Casa Suica
Brazilian biscuits manufacturer Marilan has announced the acquisition of Casa Suica, a company that produces cakes. According to sources, Casa Suica has a large portfolio of premium cakes and panettones, enabling Marilan to move into an adjacent category. The deal will also allow the firm to expand product distribution in the South and Southeast of Brazil, two strategic regions for biscuits. Two years ago, Marilan’s …
Indonesia: Japfa to sell 80% of dairy business Greenfields for $236 million
Indonesian agri-food and poultry manufacturing business group Japfa has entered into an agreement to sell 80% of South-east Asia branded dairy business Greenfields to affiliates of investment firms TPG and Northstar Group for 236 million, according to reports in Food Business Africa and Straits Times. Founded in 1997, Greenfields has over 16,000 Holstein and Jersey cows which produce 43.5 million litres of milk per year. The …
Nigeria: Nigerian Breweries to open PET bottling line
Nigerian Breweries has announced opened a new 5.1 billion NGN ($13.3 million) “ultra-modern” automated PET bottling line at its Ijebu Ode brewery in Nigeria The PET line, which is claimed to have been designed with the latest technology that meets world-class safety and quality standards, is expected to produce 24,000 bottles per hour, increasing capacity for Maltina and other drinks. According to the company, …
Belgium: FrieslandCampina to close Yoko Cheese factory
Dutch dairy multinational FrieslandCampina has announced the closure of its Yoko Cheese packaging facility in Genk, Belgium by the end of 2021. According to FrieslandCampina press release, the decision to close the facility is based on the current underutilisation of its cheese packaging network, and the company’s efforts to restructure its operations to save costs. The closure will reportedly lead to 211 job losses. Hans Meeuwis, …
USA: Pretzels Inc to expand with new facility
US pretzels and extruded snacks company Pretzels Inc has announced the construction of a “state-of-the-art” production facility in Kansas. The new 150,000 sq ft facility, which is expected to be operational in late 2021, is intended to increase the production of flavoured and stuffed pretzels for private label and national brands and create a significant number of new jobs. “We are very excited to expand our …
USA: Ocean Spray to partner with Amai Proteins to develop new drink
US agricultural cooperative Ocean Spray has announced a partnership with ingredients firm Amai Proteins to develop protein-sweetened reduced sugar cranberry juice. Founded in 1930, Ocean Spray is an agricultural cooperative owned by more than 700 cranberry farmers in the United States, Canada, and Chile. “We will continue to develop options that showcase the incredible health benefits of the cranberry while highlighting our commitment to health …
USA: Online grocery platform Instacart to partner with Meijer
Online grocery platform Instacart has announced a partnership with supermarket retailer Meijer to deliver groceries to customers across the US. Founded in 1934, Meijer is a family-owned chain with stores throughout the Midwest. In 1962, Meijer was the first retailer to launch the “supermarket” or “superstore” in the US. Nilam Ganenthiran, president of Instacart said: “Instacart’s mission is to give customers access to the …
USA: JM Smucker to sell pet food business Natural Balance
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its pet food business Natural Balance to Nexus Capital Management for $50 million. The transaction is said to be part of the company’s plan to focus on its core pet care portfolio, which includes brands such as Rachael Ray Nutrish, Milk-Bone, and Meow Mix, which have significant long-term growth potential, according …
USA: Prestige Beverage Group acquires Windsor Canadian Whisky brand
Minnesota, US based beverages firm Prestige Beverage Group has acquired the Windsor Canadian Whisky brand from global drinks group Beam Suntory. According to sources, Windsor Canadian Whisky, claimed to be one of the best-selling Canadian whiskies in the US, will continue to be produced at Beam Suntory’s Alberta Distillers site in western Canada. Scott Schilling, general manager and CMO of Prestige Beverage Group, said: …
France: Remy Cointreau to sell shares in Passoa to Lucas Bols
Family-owned business Remy Cointreau has announced the sale of its shares in the Passoa SAS joint venture to Lucas Bols for € 71.3 million ($86 million). The joint venture was established in December 2016 between Lucas Bols and Remy Cointreau to operate and further develop the Passoa passionfruit-flavoured liqueur brand in France and international markets. According to sources, Remy Cointreau was in charge of the …
Mexico: Grupo Lala to close operations in Costa Rica
Mexican dairy company Grupo Lala has announced that it will close its operations in Costa Rica to focus on its key markets, increase profitability, and improve return on invested capital. The closure, which will be effective as of 11th December, includes one production facility, one distribution centre, and 12 distribution routes. Commenting on the decision, Lala CEO Arquimedes Celis said: “After a detailed analysis and review …
USA: Kind to acquire snacking company Nature’s Bakery
Snacks firm Kind has entered into an agreement to acquire snacking company Nature’s Bakery. Terms of the deal were not disclosed. According to a company press release, the deal will accelerate Kind’s vision to build the foremost health & wellness platform as a separate business within Mars. Founded in 2011, Nature’s Bakery is a family-owned company created on a promise to “always deliver better-for-you snacks …
UK: Unilever to complete unification process
Unilever, the Anglo-Dutch consumer goods giant, has announced the completion of the unification of its group legal structure under a single parent company, Unilever plc. Founded in 1930, Unilever has been operating under two separated listed companies – a Dutch NV and a UK plc. With the unification, Unilever NV will merge into Unilever plc. “This is an important day for Unilever and we …
Australia: Bega to acquire Lion Dairy & Drinks
Cheese firm Bega has entered into an agreement to acquire Australian company Lion Dairy & Drinks for AUD 560 million (USD 412 million). The news follows the announcement that the previously-announced sale of the business unit to Mengniu would not proceed. Lion Dairy & Drinks’ core business is the manufacture, marketing, sales, and distribution of milk based beverages, yoghurt, chilled juices, cream and custards, …
USA: Unilever to acquire SmartyPants Vitamins
Unilever, the multinational consumer goods giant, has entered into an agreement to acquire US-based vitamin, mineral, and supplement company SmartyPants Vitamins. Founded in 2011, SmartyPants Vitamins offers a range of supplements free from synthetic colour, artificial flavours, sweetener, and preservatives to support the wellbeing needs of children and adults, Unilever said. In particular, the company focuses on nutrients it says can be hard to get …
China: Nestle to sell Yinlu business to Food Wise
Multinational food and drinks giant Nestle has announced the sale of its Yinlu peanut milk and canned rice porridge business in China to Food Wise, a company linked to the family of the Yinlu founder, for an undisclosed sum. The move will allow Nestle to focus on its key categories in China such as coffee, confectionery, infant nutrition, culinary, dairy, and petcare, the company …
USA: McCormick to acquire Cholula Hot Sauce
McCormick, the US spice and seasoning firm, has entered into an agreement to acquire Cholula Hot Sauce from L Catterton for $800 million in cash. Cholula Hot Sauce is described as a premium hot sauce brand in six varieties of spicy Mexican flavours. It is claimed to be made using high-quality ingredients based on a 100-year old recipe comprising a blend of fresh peppers and …
USA: Ocean Spray launches B1U brand
Ocean Spray, a US-based agricultural cooperative, has unveiled the B1U brand, described as “a line of functional beverages to support a holistic and inclusive health and wellness routine”. According to a company press release, B1U features on-trend functional benefits, simple ingredients, easy to understand nutrition and recyclable packaging. The new brand aims to “demystify nutrition so that consumers are able to make educated decisions and ultimately …
Brazil: Coty to expand deodorant factory
Global beauty company Coty has announced it is expanding a deodorant factory in Brazil which it first opened in 2012. According to Newtrade, the R$20 million ($3.7 million) expansion at Coty’s Goias plant will increase production capacity for aerosol deodorants by 30%, adding one new production line in addition to the three that are currently operating. The investment will also be focused on upgrading processes and layout of …
UK: Oscar Mayer to buy factory for meat-free foods
Prepared foods manufacturer Oscar Mayer has announced that it is acquiring the David Wood Foods’ factory in Flint, UK to produce meat alternative foods. Commenting on the move, Oscar Mayer chief executive Francois LeGrain said: “Although the Covid pandemic has changed consumer preferences with people having more time to cook from scratch at home, the meat-free alternative segment continues to enjoy significant growth and is …
USA: B.A.Sweetie Candy Company acquires Campbell’s Sweets Factory
Confectionery wholesaler B.A.Sweetie Candy Company has acquired Campbell’s Sweets Factory, a popcorn and sweets maker, according to a FoodBev report. According to sources, the Ohio- based wholesaler bought all the assets of Campbell’s Sweets Factory, which include the popcorn kitchen, bakery, and retail locations. The firm’s co-owners will become the managers of the new Sweeties Campbell’s Popcorn Company. Tom Scheiman, president of B.A.Sweetie Candy Company, …
France: PAI Partners announces three European acquisitions
European private equity firm PAI Partners has announced the acquisition of the UK chilled food businesses Addo Food Group and Winterbotham Darby, as well as the Spanish fish solution company Angulas Aguinaga. Addo Food Group (Addo) is described as a chilled savoury pastry producer, while Winterbotham Darby supplies foods such as olives, antipasti, continental meats, brioche, and pasta. Meanwhile Angulas Aguinaga is described as a …
Brazil: Grupo GSA acquires La Food
Brazilian manufacturer Grupo GSA has announced the acquisition of LA Food, a producer of snacks described as being made from “healthy” ingredients. Founded in Parana, Brazil in 2011, LA Food is predominantly a private label manufacturer, with customers including the pharmacy chain Nissei, as well Lojas Americanas, for whom it manufactures products under the Leven banner. In addition, it produces the Inspire line of soy, lentil, and multi-cereal crisps. …
France: Wessanen relocates, rebrands as Ecotone
Wessanen, the European manufacturer of natural food and drinks, has announced that it is changing its name to Ecotone and relocating its headquarters from the Netherlands to Lyon, France. As part of the rebranding exercise, the company has announced it will become a mission driven company according to French law and focus on a new goal of “food for biodiversity”. By 2030, the company …
Argentina: Walmart to sell business
US-based retailer Walmart has announced that it has reached an agreement to sell its business in Argentina to Grupo de Narvaez. Walmart will not retain an equity stake, but will support the business through transition services and sourcing agreements under the new ownership, the company said. Grupo de Narvaez has retail operations in Argentina, Ecuador, and Uruguay. Judith McKenna, president and CEO of Walmart …
Canada: Kerry Group to acquire Bio-K Plus
Global food manufacturer Kerry Group has entered into an agreement to acquire Bio-K Plus International, a Canada-based firm that develops, manufactures, and distributes “clinically supported” probiotic fermented beverages and supplements in the North American market. Kerry Group said the acquisition would expand its portfolio of products orientated to the growing proportion of consumers demanding functional foods, beverages, and supplements made with clinically supported functional ingredients. Neil Cracknell, President …
UK: Pret A Manger to launch retail coffee line
Coffee chain Pret A Manger has launched a line of coffee products for retail for the first time in the UK. Launched in partnership with supermarket chain Waitrose, the line, which will “allow customers to play the role of barista at home”, includes the two core coffees used in Pret’s stores: Pret’s Organic Classic Blend Ground Coffee (200g) which is used for filter coffee; …
Gama extends agreement with SIAL Middle East as Exclusive Innovation & Insights Partner 2021
MANCHESTER– 10th November 2020: Gama, a global provider of business information and services specializing in innovation and international trade, can today announce that it has signed an agreement to be the Exclusive Innovation and Insights Partner to SIAL Middle East 2021 and the F&B Networking Hub 2020, hosted by the Abu Dhabi National Exhibition Centre (ADNEC). The partnership will further Gama’s ability to support food and beverage …
Switzerland: Nomad Foods to acquire Findus Switzerland
Leading frozen foods company Nomad Foods has entered into an agreement to acquire Findus Switzerland from Froneri, and intellectual property from an affiliate of Nestle, for approximately €110 million ($131 million). Findus is a leading frozen brand with a portfolio of products across categories such as fish, vegetables, and ready meals. The acquisition of Findus Switzerland will unify Nomad Foods’ ownership of the Findus …
UK: Nestle to acquire majority stake in Mindful Chef
Consumer goods major Nestle has agreed to acquire a majority stake in Mindful Chef, a meal kit company, in a bid to strengthen its direct-to-consumer offering in the UK and Ireland. Founded in 2015, Mindful Chef delivers meals to households across the UK. Consumers can choose from 16 “specially curated” healthy recipes each week, which are described as being made from high quality and …
US: Benestar Brands acquires Miller Baking Company
Snack producer Benestar Brands has acquired Miller Baking Company, the manufacturer of Pretzilla branded soft pretzel bites and buns, according to a report in Nutrition Investor. With the acquisition, Benestar Brands, a portfolio company of US-based private investment firm Highlander Partners, aims to continue growth by both driving new snack innovations and accelerating existing products. President and CEO of Highlander Partners Jeff L Hull …
Germany: Bacardi to launch Twistails cocktail ‘pods’
Bacardi, the world’s largest privately-held spirits company, has announced the launch of Twistails cocktails pods, designed to provide bar-quality cocktails at home. Launched in the UK and Germany, the dual-chamber cocktail pods are described as being filled with Bacardi rum and natural flavours, and are available in the flavours mojito, strawberry daiquiri, and rum punch. According to sources, consumers only need to add water …
USA: The Fillo Factory to acquire GeeFree Foods
US-based food manufacturer The Fillo Factory has acquired GeeFree Foods, a manufacturer of gluten-free frozen products, for an undisclosed sum. Founded in 2013, GeeFree Foods is known for its gluten-free pastry sheets. In 2017, GeeFree partnered with Procida Funding to expand distribution to over 5,000 retail stores across the US. The Fillo Factory produces and distributes appetizers, snacks, small-bites entrees, and desserts and is described as …
UK: Ornua to invest £3 million at cheese packing facility
Dairy firm Ornua has announced an investment of £3 million ($4 million) in “state-of-the-art” cutting and packaging equipment at its facility in Leek, UK. The funds will be used to install an additional high-speed cheese slicing line and the expansion of Ornua’s cheese grating capabilities which will result in an additional 7,000 tonnes of capacity, bringing total annual production to over 110,000 tonnes, the …
Hundreds draw inspiration from the fifth edition of the Gama Innovation Conference & Awards
MANCHESTER – 3rd November 2020: Last Thursday (29th October), over 200 leading representatives of the global fast-moving consumer goods (FMCG) community came together to celebrate the fifth edition of the Gama Innovation Conference & Awards (FMCG), as the event further established its reputation as a key meeting point for the industry. Held virtually for the first time due to current circumstances, GICA 2020 drew a …
Look Ahead: Nasma Al Ameri, F&B Networking Hub 2020
Gama spoke to Nasma Al Ameri, Head of Marketing (Events) at ADNEC, ahead of the F&B Networking Hub 2020. What are your expectations for the F&B Networking Hub 2020? The F&B Networking Hub 2020 represents a link with the upcoming SIAL ME 2021 event. Having had to postpone SIAL ME to 7th – 9th September 2021, we still want to continue to support the …
Canada: TPG Growth to acquire majority stake in SmartSweets
Private equity firm TPG Growth has acquired a majority stake in SmartSweets, a Canadian sweets brand, for an undisclosed sum. SmartSweets manufactures a range of ‘better-for-you’ alternatives to traditional confectionery made with plant-based fibre. The sweets are said to contain between 87 and 92% less sugar than traditional sweets, as well as being free from artificial sweeteners, added sugar, and sugar alcohols. According to …
UK: Diageo to acquire Chase Distillery
Leading alcoholic drinks firm Diageo has announced the acquisition of Chase Distillery, a firm specialising in products such as gin and potato vodka. According to Diageo, Chase Distillery has a portfolio of seven gins, four vodkas, and elderflower liqueur. The distillery has a focus on quality and sustainability, using British potatoes, apples, and botanicals from the Chase Farm, Diageo added. Dayalan Nayager, managing director, …
Australia: CCEP makes takeover offer for Coca-Cola Amatil
European bottler Coca-Cola European Partners (CCEP), has made an offer to buy Australian Coca-Cola Amatil (CCA) for A$9.28 billion ($6.62 billion). According to sources, the Australian bottler is backing the offer, which prices the company below the market valuation that was made in February. CCA has reportedly seen a decrease in profit since March, due to the shutdown of restaurants and pubs. CCA chief executive Alison Watkins …
USA: JM Smucker to sell Crisco business
US food firm JM Smucker has announced that it has reached an agreement to sell the Crisco oils and shortening business to B&G Foods. According to a company press release, the move is part of JM Smucker’s intent to exit the US baking category to focus on pet food, coffee, and snacking products. The sale includes Crisco’s oils and shortening products, the brand, certain …
USA: Bacardi to launch 100% biodegradable bottle
Bacardi has announced plans to launch a 100% biodegradable spirits bottle to replace its existing packaging made from petroleum-based plastics. The new “eco-friendly spirit bottle” is designed to replace the 80 million plastic bottles – equivalent to 3,000 tons of plastic – currently produced by the company each year. According to Bacardi, the new bottle will be made possible through a partnership with Danimer Scientific, a …
UK: Finnebrogue Artisan to build new factory
UK meat producer Finnebrogue Artisan has announced plans to build a new facility to produce plant-based food in County Down. According to sources, the Northern Ireland company will invest £25 million ($32 million) to build Europe’s “most advanced” plant-based food factory. “This state-of-the-art factory, combined with some extraordinary technological leaps in new product development, will enable us to make nutritionally balanced, delicious and sustainable …
Portugal: JCCoimbra acquires Vianeza sauces and mayonnaise
JCCoimbra Group, a leading Portuguese olive oil firm, has recently acquired Purcen’s Vianeza brand range of mayonnaise and sauces. JCCoimbra Group specializes in supplying olive oil and vegetable oil to both the consumer market and manufacturing industry. In a statement, JCCoimbra CEO Miguel Arouca said: “This is a strategic decision to allow us to achieve growth through diversification, essential for JCCoimbra to further cement its presence in the market. The …
USA: Banza launches pizzas with chickpea crust
Banza, a US producer of chickpea-based products such as pasta and rice, has entered a new category with the introduction of a new range of frozen pizzas featuring chickpea crusts. According to sources, the new line includes three varieties – Four Cheese, Roasted Veggie and Margherita – as well as a two-pack with a plain crust option. All variants are claimed to be made …
China: Alibaba to take control of Sun Art
Chinese e-commerce giant Alibaba has agreed to acquire a controlling stake in grocery retailer Sun Art from Auchan for approximately $3.6 billion. Alibaba acquired a 36% stake in Sun Art in 2017, and has now increased its holding to 72%. The move indicates “Alibaba’s commitment to Sun Art and its strategy to integrate online and offline resources in China’s retail sector”, the company said. With over …
USA: Emmi to acquire Indulge Desserts
Swiss dairy firm Emmi has announced the acquisition of the US dessert business Indulge Desserts from AUA Private Equity for an undisclosed sum. Emmi has agreed to purchase an 87.7% stake in the company as part of its strategy to strengthen its dessert business in the US. Founded in 1993, Indulge Desserts is a manufacturer of American and international dessert specialties, which it manufactures …
Germany: Carlsberg to acquire Wernesgruner Brewery
Leading Danish brewer Carlsberg has announced that it has entered into an agreement to acquire Wernesgruner brewery from Bitburger Braugruppe. According to Carlsberg, Wernesgruner is one of the most traditional German beer brands and will give Carlsberg a better position in northern and eastern Germany. The addition of the Wernesgruner brewery to theCarlsberg network will improve efficiency and flexibility in production and logistics to …
Australia: SPC to acquire The Kuisine Company
Australian agribusiness firm SPC has announced the acquisition of a majority stake in The Kuisine Company, an Australian manufacturer of frozen ready meals and appetizers. The acquisition, which also includes wholly-owned brands such as The Good Meal Co, The Gluten Free Meal Co and, Simple Special, will allow SPC to expand as part of its strategy to become a global agribusiness, according to reports. …
UK: Ferrero to acquire Fox’s Biscuits from 2 Sisters for £246 million
CTH Invest, a Belgian holding company associated with Ferrero, has entered into an agreement to acquire part of Fox’s biscuit business from 2 Sister Food group for £246 million ($328 million), according to a FoodBev report. Fox’s Biscuits owns brands such as Rocky Bars, Party Rings, Crunch Creams, and also manufactures for private label companies. As part of the deal, CTH Invest will acquire Fox’s manufacturing …
UK: Walmart to sell Asda for £6.8 billion
Supermarket giant Walmart has entered into an agreement to sell UK grocery chain Asda to Issa Brothers and TDR Capital for £6.8 billion ($9.1 billion). The acquisition will return the chain to UK ownership following its acquisition by Walmart for £6.7 billion ($8.9 billion) in 1999. According to sources, the new owners joined together to acquire an equal ownership stake in Asda, and they intend to invest …
Finland: Altia and Arcus merge to form Anora
Finnish alcoholic drinks manufacturer and distributor Altia has announced that it has reached an agreement to acquire its Norwegian competitor Arcus, forming a combined company named Anora According to Altia, the combined business will form a leading wine and spirits brand house offering a portfolio of local, regional, and global brands. Altia’s current shareholders will own 53.3% of the combined company, whereas Arcus’s owners will …
UK: Meatless Farm to raise money for global expansion
Plant-based manufacturer Meatless Farm has raised $31 million to support expansion plans in the UK, Europe, the US, and Asia, according to a FoodBev report. The funds will reportedly be used to expand the brand in existing markets, grow the business to new regions, add more products to the portfolio, and further develop manufacturing in Canada. Founded in 2018, Meatless Farms operates in Leeds …
Belgium: Cargill builds “House of Chocolate” complex
Leading US multinational Cargill has announced plans to build a new chocolate complex at its site in Mouscron, Belgium. According to a press release from the multinational, the 700 sq m “House of Chocolate” complex will feature a “chocolate experience centre”, a pilot plant, a sensory lab and a creative workspace for Cargill’s European R&D team. The firm said it aimed to create a space …
USA: PepsiCo to launch functional beverage Driftwell
US food and beverage company PepsiCo has announced the launch of Driftwell, a new relaxation drink that contains l-theanine. According to Beverage Daily, the “enhanced water beverage” went from concept to execution in under a year, and was part of the firm’s internal program “The Next Big Idea”, which uses an online platform for employees to team up and develop new innovations. The non-carbonated …
Netherlands: Vivera to invest €30 million to expand meat-free facility
Plant-based foods company Vivera has announced an investment of €30 million ($36 million) to expand its Dutch facility and meat alternative production, according to a FoodBev report. The investment, which will be made over the next three years, is reportedly being made in response to the increasing demand for plant-based food suitable for vegetarians and vegans. Founded in 1990, Vivera is a manufacturer of …
Brazil: Rede Polo to acquire 57 Dia stores
Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto Alegre. Rede Polo, which has operated stores in Rio Grande Do …
USA: Kraft Heinz to sell cheese business to Lactalis
Kraft Heinz, the leading US food and drink firm, has entered into an agreement to sell its natural, grated, cultured, and specialty cheese businesses to a US affiliate of French dairy giant Lactalis for $3.2 billion. The transaction, which is expected to be finished in the first half of 2021, includes Kraft Heinz’s natural, grated, cultured, and specialty cheese businesses in the US, grated …
Australia: Fonterra to acquire Dairy Country
The Australian division of New Zealand dairy firm Fonterra has announced that it has signed an agreement to purchase cheese processing firm Dairy Country from food and beverage company Retail Food Group. According to a Fonterra press release, the acquisition will support the company’s core strengths in the Australian retail cheese category, since Fonterra holds a market share of 23%, with a portfolio that …
China: Beyond Meat to build two manufacturing facilities
Plant-based meat producer Beyond Meat has announced plans to build two production facilities located in Jiaxing, China The firm said the investment said would make it the first plant-based company to build its own major manufacturing facilities in China. Micky Pant, senior advisor at Beyond Meat, said: “Beyond Meat is building the perfect road to long term success in China. It has the confidence to …
USA: Walmart to start testing on-demand drone delivery
US retail giant Walmart has announced that it has begun testing the delivery of grocery and household products from its stores using automated drones. Launched in Fayetteville, North Carolina, this test is being carried out in partnership with Flytrex, an end-to-end drone delivery company. The drones are controlled over the cloud using a smart and easy control dashboard, the company said The experiment will …
USA: Verus International acquires Eliot’s nut butter brand
Diversified food firm Verus International has announced the acquisition of nut butter company Eliot’s for an undisclosed sum. Founded in 2013 in Portland, Oregon, Eliot’s is described a an award-winning small-batch, flavoured nut butter producer. According to sources, the acquisition will allows Verus International to “gain an established product line, new customers, and expertise in online sales” and “provide an entry point into some specialty …
Indonesia: Kimberly-Clark to acquire Softex Indonesia
US-based household firm Kimberly-Clark has announced the acquisition of personal care manufacturer Softex Indonesia for $1.2 billion. Present in Indonesia since 1976, Softex is described as a producer of hygiene products for children, woman, and adults, with nappies being its most important category. According to Kimberly-Clark, the acquisition of Softex will allow the company to “boost its presence in the lucrative South East Asia market”. Mike Hsu, …
India: Orkla to acquire majority stake in Eastern Condiments
Scandinavian consumer goods giant Orkla has announced the acquisition of a majority stake in India spice exporter Eastern Condiments for an undisclosed sum. Founded in 1983, Eastern Condiments Private has seven production facilities, with a workforce of around 3,000. Orkla said it would use the acquisition to “grow its position as one of the leading branded food players in India” and “have a platform …
Belgium: Paulig to invest €45 million in new factory
Finland-based food company Paulig has announced plans to invest €45 million ($54 million) in the construction of a new facility to produce “tex mex” products in Belgium. Founded in 1876 in Helsinki, Paulig is decribed as a family-owned producer of coffee, snacks, plant-based products, and spices, with operations in 13 countries. The new plant will be built in Roeselare, Belgium, next to two other Paulig …
USA: Unilever to acquire hydration powder mix company Liquid IV
Unilever, the multinational consumer goods giant, has announced the acquisition of Liquid IV, a California-based drinks concentrate company. Liquid IV is described as a health-science nutrition and wellness company that produces electrolyte drink mixes called Hydration, Energy, and Sleep, distributed across the USA. The company uses cellular transportation technology to quickly deliver water and nutrients to the bloodstream, Unilever said. Brandin Cohen, founder and …
Sweden: Bayn Europe completes deal for low-sugar candy producer Tweek
Swedish ingredient group Bayn Europe has announced it has completed its acquisition of Tweek, a reduced-sugar candy manufacturer, for 45 million SEK (€4.23 million). Founded in 2016, Tweek is said to have become the market-leading company and brand in Sweden for sugar-reduced sweets, with a total market share of about 30%. Tweek is claimed to be one of the pioneers of fibre-based sweets, where sugar …
Spain: Carrefour to acquire 172 stores from Supersol
Global retail giant Carrefour has announced the acquisition of 172 convenience stores and supermarkets from the Spanish retail chain Supersol. The French retailer operates 1,179 stores across Spain, recording net sales of €8.8 billion ($10.5 billion) in 2019 while the total net revenue of Supersol was €450 million ($537 million) last year. The stores involved in the transaction are located mainly in Andalusia and …
Australia: Kirin and Mengniu to terminate Lion Dairy & Drinks deal
Kirin and Mengniu have announced that they will not complete their planned million transfer deal for tLion Dairy & Drinks, which was announced towards the end of 2019. The deal between the two companies had been awaiting approval from Australian competition regulators. Reuters noted that the announcement followed a media report last week that the deal might be in jeopardy after the approval of a foreign investment …
Canada: Fromagerie L’Ancetre to acquire Fromagerie Le Baluchon
Canada-based cheese and butter producer Fromagerie L’Ancetre has announced the acquisition of Fromagerie Le Baluchon, a local cheese producer, for an undisclosed sum. Based in the Quebec region, Fromagerie Le Baluchon is a producer of organic cheese, said to be most well-known for its fine cheese Baluchon. The acquisition will reportedly allow L’Ancetre to diversify its production and maintain its leadership position in Canada, …
Brazil: Nestle invests $135 million in manufacturing, operations
Multinational food and drinks giant Nestle has announced investments of R$762 million ($135 million) in its Brazilian operations over the course of this year. The investment is earmarked for both creating new manufacturing lines and modernizing existing ones in the company’s facilities in Sao Paulo, Espirito Santo, Bahia, and Minas Gerais. The investment will be also used to increase production efficiency and develop technical skills. …
USA: United Sports Brands to acquire Glukos Energy
Sporting goods firm United Sports Brands has announced the acquisition of Glukos Energy, a manufacturer of energy supplements. Glukos Energy provides the “ultimate source of natural energy” for athletes, offering a range of high-glucose such as drinks, gels, and chewable tablets, reportedly allowing its consumers to achieve high levels of performance. Michael Magerman, president and CEO of United Sports Brands said: “We believe that Glukos’ …
USA: Waterloo Sparkling Water to be acquired by consortium
A consortium led by Flexis Capital has announced the acquisition of Waterloo Sparkling Water for an undisclosed sum. Founded in 2017, Waterloo Sparkling Water is a producer of fruit-flavoured carbonated waters that are free from sugar, calories, and artificial sweeteners. The private equity consortium is formed by Moore Strategic Ventures, Eurazeo, JW Levin Management Partners and Waterloo Capital’s investors. According to sources, the new …
USA: Kellogg to invest $43 million in MorningStar Farms facility
Leading US cereal and snacks firm Kellogg has announced plans to invest US$43 million in its MorningStar Farms manufacturing facility in Ohio, USA Founded in 1974, MorningStar Farms is a producer of “better-for-you and better-for-the-planet” plant-based foods such as burgers, nuggets, and hot dogs. Last year, the company launched an imitation meat line called Incogmeato. According to sources, the company will invest $25 million …
China: Coca-Cola to invest $75 million in new production facilities
Global soft drinks giant Coca-Cola and its bottling partners have announced plans to invest $75.3 million on new production lines and a factory in China, according to a FoodBev report. Swire Coca-Cola China, one of Coca-Cola’s bottling partners, is said to be investing $36.2 million in six new production lines, creating an estimated output of $246 million worth of soft drinks per year, while …
USA: Diageo to acquire Aviation American Gin owner Davos Brands
Diageo, the leading alcoholic drinks firm, has announced the acquisition of gin brand Aviation American Gin, and its owner Davos Brands, for $610 million. The acquisition also add brands such as Astral tequila, Sombra mezcal, and TYKU sake to the Diageo portfolio. The acquisition supports the participation of Diageo in the super premium gin sector in the United States in line with its strategy to acquire …
UK: Bestway Wholesale to sell 37 stores
Independent UK food and drink wholesaler Bestway has announced the sale of 37 outlets across the country, in line with its strategy of reducing its overall store footprint, according to a Kam City report. Dawood Pervez, managing director of Bestway Wholesale, said: “We remain committed to corporate stores and would still be operating c.140 stores further to 37 stores changing ownership. We do expect …
USA: Plumrose to build $200 million facility for Italian meat and charcuterie
Branded packaged meat company Plumrose, a subsidiary of JBS, has announced plans to invest $200 million to build a state-of-the-art Italian meat and charcuterie facility. Although the location of the new factory is yet to be revealed, it will reportedly be strategically located to efficiently access raw material and leverage synergies with existing corporate assets. Construction of the new facility – the company’s seventh …