Danone, the food and beverage multinational company, has announced a partnership with plant-based foods producer Earth Island to acquire 100% of its shares and the Follow Your Heart Brand. Within Follow Your Heart products portfolio are dairy-free cheeses and yogurt, egg-free mayonnaise, cream cheese alternatives, and salad dressings, thus, this agreement will enable Danone to enlarge its plant-based offerings with Follow Your Heart products being alongside some of its present …
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Dutch retailer Ahold Delhaize has announced that it has reached an agreement with Deen to acquire 39 stores to be converted into the Albert Heijn banner. According to Ahold Delhaize’s press release, Deen intends to sell 80 stores, the distribution centres, remaining business units, and the head office in Hoorn. The family-owned Deen company said that high costs needed to be ‘future-proof’ had led to its decision to sell the …
Supermarket chain Lidl Belgium has announced that it plans to open 23 new stores in the country by the end of February 2022. According to the retailer’s press release, two new stores have opened on the 10th February 2021, in Zottegem and Virton and four new stores will open in Retie, Beaumont, Aubange, and Tongeren on the 24th February 2021. Lidl plans to remodel nine stores in Belgian cities and …
Dole Food Company, a North American manufacturer, marketer, and distributor of fruit and healthy snacks, and Irish Total Produce, a leading 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 in the commercialisation of …
Finnish firm Atria Plc Company has just announced that it has entered into an agreement to sell its Russian subsidiary OOO Pit-Product. According to Atria’s press release, the company has investigated various ways of developing its Russian business and has now entered into an agreement to sell OOO Pit-Product to Limited Liability Company Agricultural Complex Mikhailovskiy, member of the Cherkizovo Group. Cherkizovo is claimed to be Russia’s largest manufacturer of …
Brazilian retailer Grupo Super Nosso and Carrefour have opened their first joint store in Belo Horizonte, Minas Gerais, Brazil. According to Newtrade, the new business model, signed by both retailers in 2019, has finally materialised with the first store opening earlier this month under the Super Nosso banner. A total of 16 former Carrefour Bairro stores are planned to open under the Super Nosso banner. Euler Fuad Nejm, CEO of …
Global branded food company Hormel Foods has announced the acquisition of the Planters brand from the Kraft Heinz Co. 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, revenue growth management, e-commerce, …
Somerset based British 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 the firm’s press release, the cheese production capacity of aging was increased by an additional 2500 tonnes of cheddar stocks since the demand for Wyke Farms’ flagship 18-month-old Ivy Reserve cheddar has seen an increase in demand worldwide. Besides the …
Italian discount retailer In’s Mercato is planning to open 30 new stores this year, aiming to expand market penetration and to consolidate its brand. According to European Supermarket Magazine, the retailer, owned by Pam-Panorama Group, is also planning to restyle 90 stores in 2021, in the Northeast, Northwest, and Central Italy, in addition to the 30 new store openings. The new stores will feature the In’s Forno bakery, In’s Orto …
Aymore, a biscuits firm by the Arcor Group has announced the 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 per cent. Anderson Freire, marketing director, research and development of Arcor do Brasil said: “We acquired technologies and new product lines that will make our production plant even …
Snacks and confectionery multinational Mondelez has announced plans to invest £15 million into a new production line in its Bournville facility. 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 to increase the chocolate making capacity to meet the demand of chocolate …
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 has two manufacturing sites, with a workforce of 500 people. The company is a leading producer of cakes and biscuits in Portugal and a leader in the …
Natural food company Chickapea has launched +Greens, a new organic pasta line with 24g of plant-based protein per serving. +Greens is organic, gluten free pasta made with chickpeas, lentils, kale, and spinach, available in the penne, spaghetti, and spirals varieties. Each serving is said to provide more than two servings of vegetables, 11 grams of fibre, 24 grams of plant-based protein in addition to iron, and vitamins K and B6. …
Global food manufacturer Kerry Group has reached an agreement to acquire Chinese flavour and seasoning company Jining Nature Group for an undisclosed sum. With the acquisition Kerry plans to strengthen its presence in the Asia Pacific market, bringing a wide range of authentic local and regional taste technologies and application capabilities to the Kerry portfolio. Founded in 2020, Jining Nature Group is a manufacturer of flavours, seasoning and prepared food …
Family-owned 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. “Barilla, 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 growth,” said Claudio Colzani, …
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, as a result, this year’s show …
Flagship Food Group has invested in La Tortilla Factory becoming the majority stakeholder of the company. With the investment, Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures, sells, and distributes a wide portfolio of brands, will 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, flour, tortillas, sauces, and snacks, employing …
Scandinavian retail chain Coop Sweden has announced the launch of the first unmanned store located at Satrahojden in Gavle. The store, which is an initiative to have more innovative retail solutions, was tested last summer and it 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 automatic doors, and …
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, not browsing the aisles. That discovery …
Thai Union Group, a world’s seafood leader company, has announced the investment in BlueNalu, a cell-based seafood products start-up. Founded in 2018, BlueNalu develops cell-based seafood, an innovative way to produce fish products directly from the cells of fish, where taste, texture, and nutritional of the products do not vary in the process. “Thai Union is an industry leader in innovation and sustainability, and cell-based seafood perfectly aligns with both …
British baby food brand Kendamil has launched two new baby cereal, including its first savoury flavour. Suitable for babies from four months, the new flavours of Broccoli & Cheesy Cauliflower and Apple and Blackcurrant Oat Porridge are claimed to be free from added sugars, palm oil and preservatives. Launched following increasing demand from customers, the new Broccoli & Cheesy Cauliflower infant cereal is claimed to be the company’s first savoury …
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’s press release, the acquisition, made through its venture firm …
Agthia Group, the leading Middle East food and beverage 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 sources, the acquisition would represent Agthia’s entry into processed protein, as Nabil Foods specialises in manufacturing a wide range of frozen and chilled 100% halal products, …
Swiss-based Hero Group has announced the acquisition of Canadian organic baby food firm Baby Gourmet. According to the group’s press release, the purchase was made as 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 success story. The baby …
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 the production capacity of tempeh. According to Maple Leaf press release, the growing demand of Greenleaf Foods’ Lightlife tempeh products was the driving force behind the acquisition of the 118,000 sq. ft. plant, where the firm plans to install its tempeh production equipment …
Savoury snacks US firm Utz Brands has announced that its subsidiary Utz Quality Foods has reached an agreement to acquire Vitner’s brand and distribution assets from Snak-King Corp. According to Business Wire, the purchase price of Vitner’s, a leading snack foods brand, was $25 million. The sale includes intellectual property including the brand’s trademark and direct-store-delivery (DSD) distribution assets related to the brand’s products. “This transaction is a continuation of …
Brazilian frozen potato chips firm Bem Brasil has recently announced its plan to invest BRL$700 million ($132 million) to increase its production capacity. The announcement was made at the same time the company revealed that it will have a new CEO in 2021, Denio de Oliveira. According to sources, Bem Brasil competes with groups such as BRF, JBS, Minerva, and McCain. From 2017 to 2019 the company’s revenue grew, on …
UK-based dairy exporter Somerdale International has announced the acquisition of the blended cheese business of Abergavenny Fine Foods (AFF) for an undisclosed sum. According to sources, the transaction includes AFF’s blended cheese processing assets, brands, and associated trademarks. The acquisition will help Somerdale to grow and develop its portfolio of blended cheeses internationally. Somerdale is a leading UK exporter of British cheese and dairy products operating in over 50 countries …
US-based manufacturer of branded and private label cookies Jimmy’s Cookies has entered into an agreement to acquire artisan bread brand Ecce Panis from Campbell Soup. The acquisition includes Ecce Panis’ state-of-the-art bakery facility which will double Jimmy’s Cookies manufacturing capacity for its gourmet cookie product business. “The addition of the Ecce Panis brand is consistent with our strategy to drive growth through expanding and diversifying our product line,” said Howard …
Snack and confectionery multinational Mondelez has announced the acquisition of Hu Master Holding, a fast-growing US-based snacking company. In 2019, Mondelez made a minority investment in Hu through SnackFutures. Hu is a family business founded in 2012 and has become a category leader in premium chocolate bars with a portfolio of products that includes snacking + baking chocolates, chocolate-covered nuts and berries, and grain-free crackers. “Hu is a strong strategic …
Global institutional investor Caisse de depot et placement du Quebec (CDPQ) has invested $200 million in the US beverage producer Zevia. Zevia is headquartered in Los Angeles and produces zero-calorie, naturally sweetened beverages that are distributed in the US and Canada. The company has a portfolio of sodas, organic teas, mixers, and other drinks, all claiming to use the plant-based sweetener stevia, offering an alternative to sugary and artificially sweetened …
Brazilian firm Maricota Alimentos has announced that it has invested BRL$ 50 million ($9 million) in a new factory and estimates its sales to double by 2025. According to Newtrade, the new industrial headquarters will have 15000 sq. meters and the Minas Gerais region was strategically chosen, since it is close to the suppliers of dairy products, eggs, among others. The new plant will have a larger production capacity of …
UK food manufacturer Baxters Food Group has acquired US-based contract manufacturer Truitt Bros for an undisclosed sum. According to sources, the acquisition is part of Baxters’ plans to expand its US and global growth strategy. Baxters is a producer of food such as canned soups, canned meat products, pickles, sauces, vinegar, chutneys, fruit preserves, salads, and condiments. Truitt Bros is a manufacturer of shelf-stable, thermally processed foods, operating from two …
IK Investment Partners has announced the acquisition of Signature Foods from Pamplona Capital Management for an undisclosed sum. Headquartered in the Netherlands, Signature Foods is a leading 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 such as Johma, Delio, Hamal, and Heks’nkaas. Signature Foods employs over 600 people across its seven production facilities …
Lactalis Canada, a subsidiary of French dairy giant Lactalis Groupe, has announced the acquisition of Ultima Foods from Agropur Group. According to sources, the transaction includes, all share of Ultima Foods, and the Iögo, Iögo Nanö, and Olympic brands as well as yoghurt production facilities in several locations. With the acquisition, Lactalis Canada will add 450 employees to its workforce of 3,500 employees operating in 30 facilities across the country. …
Global food company 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. Irwin D. Simon, executive chairman of Whole Earth Brands …
Food and drink giant Nestle has announced that it is introducing its plant-based brand Harvest Gourmet in China and investing in renewable energy. According to the 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 …
Leading US middle-market investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners. Red Monkey Foods is a purveyor of premium organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, operating three ‘state of the art’ facilities. Commenting on the deal, NEP Partner Sundip Murthy, said: “Red Monkey continues to deliver strong sales growth and provides …
Global food company McCain has announced the investment of US $200million in the construction of a second potato processing facility in China. The company says in a statement that building on its 25 years’ presence in China and to meet the growing demand for its potato products, this development comes as the company intends to meet the growing demand for its potato products in China. The news potato processing plant …
Brazilian biscuits manufacturer Marilan has announced the acquisition of Casa Suica, a company that produces cakes. According to sources, Casa Suica has a large portfolio of premium cakes and panettones and this fact will enable Marilan to start producing these products as well as advancing in the general distribution of products in the South and Southeast of Brazil, two strategic areas for the sale of biscuits, where two years ago, …
The Indonesian agri-food, poultry manufacturing business group Japfa has entered into an agreement to sell 80% of Greenfields to TPG and Northstar Group for US$ 236 million. Founded in 1997, Greenfields has over 16,000 Holstein and Jersey cows which produce 43.5 million litres of milk per year. The milk is processed into a range of dairy products including fresh milk, yogurts, UHT milk, and premium cheese. The company exports to …
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, as the company seeks to restructure its operations to save costs. The closure will lead to 211 job losses, where employees have already been informed. Hans …
American leading manufacturer of pretzels and extruded snacks company, Pretzels, has announced the construction of a state-of-the-art production facility in Kansas. The new facility of 150,000-square-foot, which is expected to be operational in late 2021, is expected 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 production footprint and …
American online grocery platform has announced a partnership with Meijer a Midwest chain of stores to deliver groceries and goods to customers across the US. Founded in 1934, Meijer is a family-owned chain of 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 food …
Mexican dairy company Grupo Lala has announced that it will close operations in Costa Rica to focus on its key markets, increase profitability, and improve return on invested capital. The closure, which will be effective on 11 December, includes one production facility, one distribution centre, and 12 distribution routes. Arquimedes Celis, Lala CEO said: “After a detailed analysis and review of Lala’s Costa Rica operation, we determined that related resources …
Healthy snacking business Kind has entered into an agreement to acquire snacking company Nature’s Bakery where terms of the deal were not disclosed. According to the company press release, the deal will accelerate Kind’s vision to build 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 that taste as good …
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 Duch NV and a UK PLC, with the unification, Unilever NC will merge into Unilever PLC. “This is an important day for Unilever and we would like to thank our shareholders for …
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, and milk. It is also described …
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 said As part of the deal, …
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 regional spices. According to McCormick, the …
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 strategically important to the Oscar Mayer …
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, said: “We’re proud to add the …
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 leader in modern fish and fish-based …
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. According to sources, La Food’s products …
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 said it pledged to further grow …
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 brand across Europe, the company said. …
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 sustainably sourced ingredients. Mindful Chef CEO …
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 commented: “We are seeking exciting, innovative …
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 having over 30 years’ experience in …
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 company said. The investment is said …
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 industry, connecting F&B communities during these …
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 sources, SmartSweets doubled its sales last …
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 trademarks, and licensing agreements, manufacturing and …
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 plant-based food that’s virtually indistinguishable from …
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 addition of the brand [Vianeza] to …
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 with minimal, “high quality” ingredients. Banza CEO …
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 in four facilities. Its portfolio includes …
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. SPC CEO Robert Giles said: “By …
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 facilities at Batley and Kirkham in …
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 (UK), Amsterdam (Netherlands), New York (USA) …
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 where consumers can experience the whole …
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 meat alternatives such as burgers, steak, …
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 cheese business in Canada, and the …
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 includes brands such as Perfect Italiano, …
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 set up dedicated, cutting edge production …
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 allow the company to “gain valuable …
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 and healthier food categories to expand …
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 for further growth in the spice …
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 factories, and will mainly produce tortillas. …
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 is replaced with fibre instead of …
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, as well as in the manufacture …
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. According to the company, Nestle will …
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 to upgrade equipment, with the remaining …
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 – is described a being in …
Danish food company Hanegal has announced the acquisition of Fairdig, a plant-based ready-meals producer for an undisclosed sum. Based in Ega, Denmark, Fairdig produces frozen ready-meals inspired in world cuisine flavours such as Indian, Italian, Mexican, and Moroccan. This acquisition follows Hanegal plan to have “85% of its products aligned with the plant-based category by 2030”. Cees Kuypers, co-owner of Hanegal, said: “The acquisition is strategically important to us as …
Spanish pasta manufacturer, Pastas Gallo, has announced the acquisition of Ta-Tung, a producer of Asian fresh ready-meals for an undisclosed sum. Founded in 1980, Ta-Tung produces ready-meals inspired by cookery from Asian countries such as Japan, India, China, Thailand, and Cambodia. As part of the internalization plan of the company, Ta-Tung has recently entered the Italian, French and Portuguese markets. The company, according to sources, has a turnover of €15 …
American private equity firm Acon has announced the acquisition of Alsur, a Spanish-based producer and distributor of preserved and canned vegetables. Founded by the Jimenez family in 1988, Alsur has production and packaging facilities in Spain, and Peru to serve the US market. The company has its own brand producing also private label products. According to sources, with this acquisition, Acon intends to “focus on expanding Alsur’s geographic footprint in …
Italian private-equity firm Aksia has announced the acquisition of a majority stake at Valpizza, a local pizza maker for an undisclosed sum. Founded in 1992 in Valsamoggia, Valpizza is a producer of frozen pizza and pizza bases with a production facility of 7,400 sq ft. According to sources, the company had a turnover of €20 million last year, producing around 30 million items. Marco Rayneri, managing partner of Aksia, said: …
Snack food manufacturer TruFood has announced the acquisition of Simply Natural Foods for an undisclosed sum. With 200 employees, Simply Natural Foods is a producer of nutrition and better-for-you products, such as chocolate, nutritional bars, and peanut butter cups. Pete Tsudis, CEO of TruFood, said: “The combination of TruFood and Simply Natural Foods allows us to leverage the success Simply Natural Foods has established in the better-for-you snacking segment and …
UK-based vegan producer Gosh! Food has announced its plans to invest £5 million to build its second production site in the country. The new 17,000 sq ft factory is expected to be opened in 2021 creating 25 new jobs. According to sources, the new site will allow the company to meet the current demand for plant-based food and expand its offering into new categories. Jane Rayner, Gosh! Food CEO said: …
Food and drinks multinational Danone has announced the launch of a new Oikos yoghurt with Bola de Berlim (Custard Doughnut) flavour, a typical Portuguese summer pastry. Ludovic Reysset, CEO of Danone Portugal, said: “The yoghurt category suffered in Portugal because it is considered a snack and, as a general rule, it is more used at work, or on-the-go”. Three weeks ago, the company launched Pastel de Nata (Custard Tart) flavoured …
UK distributor of food and drink, Euro Food Brands, has announced the acquisition of The Food Doctor brand from William Jackson Food Group. The Food Doctor is a snack brand founded in 1999 which produces healthy foods such as bagels, wraps, pitta bread, and nut snacks, made of wholesome ingredients, according to sources. The new acquisition will be part of the Euro Food Brands’ portfolio joining brands like Campbell’s Soup, …
Swiss retailer Migros has announced the launch of a new dairy-free yoghurt range made with chickpea protein from InnovoPro. InnovoPro is a food tech company based in Israel, which creates chickpea protein concentrates claiming to be the first company in the world to launch a 70% chickpea protein concentrate (CP Pro 70) being suitable for “wide range of applications, spanning the dairy alternatives, meat analogues, bakery and sports nutrition categories”. …
UK retailer Asda has announced the launch of a 100% recyclable crisp tube, moving its entire Snax brand range into cardboard packaging. With this new packaging, the company will be able to cut 98.2 tonnes of non-recyclable materials, the equivalent of 2.34 million crisp tubes. The retailer has the commitment to reduce own-brand plastic packaging by 15% by 2021 and reach 30% recycled content in its plastic packaging by the …
Canadian meat firm Maple Leaf Food has announced the sale of its poultry plant in Drummondville, Quebec to Giannone Poultry. Founded in 1989, Giannone Poultry is a family business specialising in poultry slaughtering and cutting. The company’s products are distributed in Canada and the United States. According to sources, Maple Leaf Food will continue to maintain its fresh chicken supply over the next three years. This acquisition will allow Giannone …
US holding company HumanCo has announced the acquisition of majority stake at Coconut Bliss, a plant-based ice cream producer for an undisclosed sum. Founded in 2005, Coconut Bliss is an Oregon-based company dedicated to manufacturing dairy-free, vegan and organic ice cream pints, bars and sandwiches. According to sources, both companies intend to grow Coconut Bliss into “a globally recognised brand”. Jason H. Karp, founder and CEO of HumanCo, said: “HumanCo …
Spanish meat producer Noel Alimentaria has announced the investment of €25 million on a new producing facility in Olot, Girona. The new facility, which is scheduled to be finished by June 2021, will have an area of 15,000 square-metres, 200 new jobs providing a “great boost for fresh produce division”, cutting, packaging, and freezing pig meat. Noel Alimentaria commented: “Thanks to this action, the company will be able to promote …
Frito-Lay, the snacking division of PepsiCo, has announced the investment of $200 million to expand its production facility in Perry, Georgia. With more than 1,000 employees, this production facility is the largest factory of the company operating in the US. According to the sources, the investment will add two production lines to the factory, creating 120 new jobs. A strategic space will be also created, for a future manufacturing line …
Tia Lupita, a Mexican food brand, has announced the launch of an upcycled tortilla, through a partnership with Renewal Mill, expanding its range of grain-free cactus tortillas. Based in California, Renewal Mill is a producer of organic okara flour, a grain-free flour extract from the leftovers of soya milk processing. With 45 calories, 6 grams of net carbs, and 2 grams of fibre per serving, the tortillas will be available …
Hershey, the US confectionery and snacks firm, has announced the investment of $135 million to expand its manufacturing facility in Augusta County, Virginia. With 30 years of operations, the facility currently employees more than 1,000 workers, being the second largest company’s plant in the US. According to sources, with the investment, the company will expand its facility by 90,000 square feet, creating 110 new jobs. Last year, Hershey invested $104 …
Food company Vibrant Foods has announced the acquisition of Cofresh Snack Foods, a UK-based producer of healthy Indian snacks for an undisclosed sum. Founded in 1974, Cofresh Snack Foods owns two main brands, Cofresh and, Eat Real, and according to sources, the company’s retail sales stood at around £75 million last year. This acquisition follows Vibrant Foods plan to “consolidate the apparent growing ethnic foods and healthy snacking market”. Rohit …
Bell Food Group, the Swiss meat processor and convenience food specialist, has announced the sale of two production plants in France and Hungary. The production facility based in France, with 70 employees, will be sold to Isla Delice, a French halal meat supplier while the Hungarian charcuterie facility will be acquired by the retailer Spar Hungary. The transactions are part of the company strategy to restructuring its international charcuterie business, …
Kellogg has announced the launch of Kashi by Kids Super Loops breakfast cereal in the United States. Super Loop cereals are made with superfood ingredients such as lentils, brown rice, berries, and cocoa, containing 140 calories and 4 grams of protein per serving. Available in two flavours, chocolate, and berry, both are certified USDA Organic and Non-GMO Project verified and made with colours from natural sources. According to sources “with …
Swedish leader in organic and health foods and self-care Midsona has announced the acquisition of the sports nutrition brand Gainomax from the dairy cooperative Norrmejerier, for SEK60 million (£5.2 million). Gainomax is one of the most-known sports nutrition brands of functional and exercise recovery products in Sweden with sales of approximately SEK80 million (£6.97 million) in 2019. Norrmejerier, a dairy cooperative owned by 422 local farmers, said that this sale …
Unilever, the multinational consumer goods giant, has announced an investment of $112 million to expand its ice cream production facility in Taicang, China. Built in 1996 and expanded in 2003 and 2013, this new expansion will cover an area of 66,000 square metres including factory lines, warehouses, offices, and will produce 150,000 tones of ice cream per year. According to Unilever, this investment “marks one of the biggest expansion efforts …
Leading US multinational Cargill has announced the launch of its first production facility in Asia, partnering with a local manufacturer in western India. According to sources, the manufacturing facility will open in 2021, with an initial production of 10,000 tons of chocolate compounds, and a workforce of 100 jobs. This investment is part of the Cargill’s plan to “become the leading supplier and trusted partner for our bakery, ice cream …
Brand collective LiveKindly Co. has announced the acquisition of the Swedish plant-based meat brand Oumph for an undisclosed sum. Founded in 2015 by Food for Progress company, Oumph is a brand of meatless products and meals with a strong emphasis on the climate impact. According to sources, this acquisition will allow LiveKindly to become “one of the world’s largest plant-based food companies at scale and at speed,” accelerating product innovation …
Orkla, the Scandinavian consumer goods giant, has announced the sale of Vestlandslefsa, its potato flatbread brand to Baxt Lierne a Norwegian bakery company subsidiary of Skagerrak-Holding AS. According to sources, this sale is part of Orkla’s plans to restructure its portfolio and focus on its pizza production at its factory in Stranda, Norway. In addition to the Vestlandslefsa brand, the deal includes recipes, production equipment, and the Li-Klenning trademark. Paul …
Upfield Group, the Netherlands-based manufacturer of plant margarines, spreads and cheeses, has announced its plans to invest €50 million on the creation of a new food science centre in the country. According to company’s press release, the investment is a commitment to the development of great-tasting food made from plants and sustainable packaging solutions. David Haines, CEO of Upfield Group, said: “The announcement today demonstrates our commitment to ambitious and …
Indofood CBP, an Indonesian-based noodle company, has announced its plan to acquire Pinehill Group, an instant noodle producer for $3 billion. With a production of 10 billion packs in its 12 facilities, Pinehill Group sells instant noodles to countries like Serbia, Ghana, Morocco, Egypt, Turkey, Saudi Arabia, Kenya, and Nigeria. According to sources, Indofood CBP expects “to gain a strategic position in Pinehill’s markets, where halal products are the primary …
Multinational food and drinks giant Nestle, has announced the sale of its pasta brand Buitoni to private equity firm Brynwood Partners for an undisclosed sum. The acquisition includes the rights of the brand to sell in the US, Canada, and Caribbean territories along with a 240,000 square foot processing facility located in Virginia. Henk Hartong III, chairman and CEO of Brynwood Partners, said: “We are thrilled to add the famous …
US multinational food and beverage company PepsiCo, has announced its plans to invest $100 million in Egypt this year, to expand its activities in the country. This investment is part of a 4-year commitment to invest a total of $515 million in the Egyptian market. As part of the investment, the company will expand the production lines of two of its subsidiaries from the food industry, Pepsi Cola Egypt and …
Turkey Hill, the US-based food and drink company, has announced the acquisition of an ice cream production facility in Arkansas from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company. Owned by an affiliate of Peak Rock Capital, Turkey Hill is a manufacturer of branded ice cream and refrigerated drinks in the United States. According to sources, the 100,000 square foot facility will expand the company’s production capacity, …
Orkla, the Scandinavian consumer goods giant, has announced the acquisition of Havrefras Brand, a breakfast cereal brand from PepsiCo, for an undisclosed sum. Created in 1959, Havrefras brand has been part of PepsiCo’s portfolio since the acquisition of The Quaker Oats Company in 2001. According to sources, this acquisition is in line with Orkla’s strategy of further developing a portfolio with a strong health profile. The deal will not include …
Kennemervis Groep, Netherlands-based fish processing company, has announced the acquisition of Bobeldijk Food Group, for an undisclosed sum. Based in Netherlands, Bobeldijk Food Group is a manufacturer of vegetarian and vegan products, owner of the plant-based meat alternatives brand Vegafit. According to sources, the acquisition will support the growth of Bobeldijk Food Group’s presence in the plant-based product market. Eugene Scholten, CEO of Kennemervis Groep said: “We see around us …
Cocoa processor Barry Callebaut Group has announced the acquisition of GKC Foods, a chocolate producer, for an undisclosed sum. Based in Melbourne, GKC Foods is a privately-owned B2B chocolate manufacturer, specialised in high-quality chocolate and chocolate related products. According to sources, this acquisition allows Barry Callebaut Group to establish a direct presence and manufacturing capacity in Australia, expanding its position on the Australian and New Zealand markets. Ben De Schryver, …
Multinational food and drinks giant Nestle, has announced an investment of $103.58 million to build the first plant-based food facility in China. The investment will include the expansion of the existing pet food plant, an upgrade of the production line of confectionary business, the fist plant-based production facility in Asia and will also further develop its Tianjin Nestle Quality Assurance Centre. The company sees this trend as “a significant opportunity” …
Spanish company, Dacsa Group has completed the acquisition of the 100% company stake of Dacsa Atlantic, in which, had been 50% shareholder. Previously called Atlantic Meals, Dacsa Atlantic is one of the leading Portuguese companies on the rice and maize market, specialised on drying, storage, processing and commercialisation of these products for the food and brewery industry as well as, large distributions chains with rice brands such as Ceifeira, Atlantic, …
Dean Foods, the food and beverages company, has announced the sale of Uncle Matt’s Organic Brand to Harmoni. Founded in 1999 by Matt McLean and sold in 2017 to Dean Foods, the juice brand Uncle Matt’s Organic is now being sold to a company created by its founder as well as a team of investors. “If you told me three years ago after selling to a publicly-traded, multi-billion-dollar CPG leader …
Italian meat processor Costa Foods Group has acquired 50% stake of Aviserrano Group, entering the poultry sector. Based in Spain, Aviserrano Group is one of the national leading players of fresh and processed chicken and turkey meat with a turnover of €315 million and almost 1,800 employees. The Group is owned by several companies such as Avinatur, Jovi Serrano, Paviso Alimentacion, and Serrano Protein. Alfonso Serrano, CEO of Aviserrano Group, …
Panapesca, an Italian seafood processor, has announced the acquisition of 65% stake of Italian ready-to-eat company Il Faro Quality Fish, for an undisclosed sum. According to sources, this deal is part of Panapesca’s industrial development plan, to enter on the ready-to-eat market segment and consolidate its presence in the northeast of Italy. Fabrizio Paesini, CEO of Panapesca, commented: “We had been focused for some time on the acquisition of a …
US-based condiments manufacturer Sauer Brands has announced the acquisition of Chicago Custom Foods from private investment firm Highlander Partners for an undisclosed sum. Founded two decades ago, Chicago Custom Foods is a producer of branded seasonings whose portfolio includes Kernel Season and Tasty Shake. Jeff Partridge, Chicago Custom Foods chairman and a Highlander managing director said: “Jason and his team have done an exemplary job. The speed of innovation and …
US-based pasta company, Philadelphia Macaron, has announced the acquisition of A. Zerengas’s Sons, for an undisclosed sum. Having opened its first factory in 1848 by Antoine Zerega, A. Zerega’s Sons is a producer of dry pasta for the foodservice channels, industrial ingredient, and retail. With this deal, A. Zerega’s Sons will be wholly owned by Philadelphia Macaroni including the manufacture and distribution facilities in Fair Lawn, New Jersey, and Lee’s …
Sonoma Brands, a California-based private equity investor has announced the acquisition of Krave Pure Foods brand from The Hershey Company for an undisclosed amount. Dedicated to the production of protein snacks, Krave Pure Foods portfolio includes Krave Meat Cuts, Krave Pork Rinds, and most recently, Krave Plant-Based Jerky. According to sources, the company expects to accelerate innovation at the company, through the acquisition. Hector de la Barreda, president at Hershey’s-owned …
Kinnerton, a British-based chocolate confectionery, has announced the launch of a nut-free hazelnut flavour chocolate bar under the Nomo brand name. The “Hazelnot Crunch” chocolate bar is made, according to sources, using creamy chocolate, rice crispie pieces, cocoa nibs, and nut-free hazelnut flavour and it is free from egg, gluten, and dairy retailing at £2.00. Senior innovation and brand manager at Kinnerton Confectionery, Emma Perrett, said: “Ensuring that no one …
Sealaska has announced the acquisition of a minority stake in Barnacle Foods for an undisclosed sum. Based in Juneau, Alaska, Barnacle Foods claims to be the first manufacturer of food products such as salsas, hot sauces, pickles, jams, and jellies from bull kelp and other Alaska-grown, harvested and foraged ingredients. Sealaska President and CEO Anthony Mallott said: “Barnacle fits with who we are. Our shared values make this much more …
Brazilian cheese manufacture Ultracheese, owned by the private equity fund Aqua Capital, has announced the acquisition of Bufalo Dourado for an undisclosed sum. Based in Sao Paulo, Bufalo Dourado is a producer of premium cheese and other dairy products made from buffalo milk. According to sources, this acquisition follows the plan of Ultracheese, to become one of the most diversified cheese makers in Brazil. Enrico Zito, chairman of Ultracheese said: …
The Singaporean agri-food company Japfa, has announced the sale of 25% stake of AustAsia Investment Holding to the Japan-based group Meiji, for US$ 254.4 million. Dedicated to the production of milk, yoghurt, ice cream and confectionery, Meiji business has been registered a steady expansion due to the growing demand for chilled milk and the rise of health-conscious consumers. AustAsia is a dairy farming business, operating seven farms in China with …
PepsiCo, the global snacks and drinks giant, has announced the launch of Doritos Stax, in a triangular-shaped canister for its tortilla chip snack. The product will be available at the end of April, in three flavours – Ultimate Cheese, Sour Cream & Onion, and Mexican Chilli Salsa– with an RRP of £2.50 for 170g package. Commenting on the launch, PepsiCo’s marketing director for snacks Clafoutie Sintive, said: “Historically, canister snacks …
The American-based private equity firm Entrepreneurial Equity Partners (“e2p”) has announced the merge between Kronos Foods, one of its portfolio companies and Grecian Delight Foods for an undisclosed sum. Founded in 1974, Grecian Delight Foods is a manufacturer of Greek and Mediterranean inspired cuisine, producing authentic gyros and specialty meats, pitas and flatbreads, hummus and plant-based proteins, distributed across the US. Mark Burgett, e2p managing partner, said: “This merger will …
Saudi Arabian food and drink company Almarai, has announced its plans to expand its current poultry production and manufacturing facilities with an investment of 275 million riyals ($73.33 million). Based in Riyadh, Almarai produces bakery, juices, dairy and baby nutrition products that are distributed across the Middle East and Africa, through retailers and foodservice channels. According to sources, the company’s board of directors also agreed to proceed with a study …
Futura Foods, the UK-based dairy company, has announced the opening of a new cheese cutting and packaging factory in Minffordd, Wales. The new 5,574 sq metre factory acquired in October 2019, will have the capability to produce 20,000 tons of cheese per year, creating 22 jobs and increasing the company’s operations. Hans Christiansen, managing director of Futura Foods, said: “I am immensely proud of the team who have worked extremely …
Napolina, the Italian cooking brand, has announced the launch of its drained canned quinoa, “the first of its kind on the UK market.” This product comes along with a new range of pulses, including chickpeas, red kidney beans, and cannellini beans, all of them available in 150g cans and vacuum packed to ensure there is no liquid to drain. Neil Brownbill, commercial director of Napolina, said: “Our innovation in the …
Nurture Brands, a UK-based food company, has announced the acquisition of the healthy snack bar brand The Primal Pantry, for an undisclosed sum. Founded in 2019 following the merge between Ape and Emily, Nurture Brands is a plant-based snacking and beverage group. According to sources, the acquisition of The Primal Pantry is part of Nurture Brand’s plan to become the UK’s fastest-growing plant-based snacking and beverage business. Ben Arbib, founder …
Grays Peak Capital, a private-equity firm, has announced the acquisition of Nosh Foods, a US-based organic baby food manufacturer for an undisclosed sum. Founded in 2016, Nosh Foods is a Los Angeles based producer of easy-to-eat and organic baby and toddler food. Jason Becker, CEO of Nosh Foods, said: “We expect this transaction to accelerate our expansion of Nosh Foods in North America and our initiatives internationally. Grays Peak will …
Dairy Farmers of America (DFA) has announced that the previously-announced $425 million deal to purchase the Dean Foods business and assets will not go forward.. Dean Foods, the troubled US dairy company, has filed for bankruptcy back in November, after financial difficulties. Subsequently, DFA proposed a deal to acquire 44 facilities and a substantial portion of its inventory, equipment and other assets. DFA executive vice president Monica Massey said: “Dean Foods …
Italian food group Newlat has announced that it intends to buy a majority stake in Centrale del Latte d’Italia, an Italian-based dairy group. With revenue of €180 million ($ 193 million) last year, Centrale del Latte d’Italia is a producer of milk, yogurt, cream and cheese as well as fresh vegetables, pasta, cured meats, and desserts. Besides Europe, the company exports to China, Hong Kong, Macao, the United Arab Emirates, Saudi …
PZ Cussons, a leading consumer products group, has announced the sale of its Polish care brand Luksja and its plans to sell its Nigerian dairy business Nutricima. The Greek personal care company, Sarantis Group, was the buyer of Luksja. The group will also distribute some PZ Cussons brands in Central and Eastern Europe. Nutricima is planned to be sold to an affiliate of Royal FrieslandCampina in the Netherlands, where the …
Puration, the US-based CBD infused products company, has announced the acquisition of Kaly’s Hemp4mula CBD Confections business for an undisclosed sum. Focused on the development of a CBD formulation that can treat symptoms associated with chronic obstructive pulmonary disease and other similar respiratory conditions, Kaly is said to have patented a CBD extract that provides anti-inflammatory responses in vitro. Hemp4mula CBD Confections is an operation own by Kaly, dedicated to …
Bel Group, the multinational cheese firm, has announced the acquisition of the French start-up All In Foods for an undisclosed sum. Founded in 2013, All in Food is a family business which develops and produces plant-based cheese and sauce alternatives and is the owner of Nature & Moi brand. According to Bel Group, this acquisition is in line with its strategy to expand the company’s activities beyond cheese products and …
VkusVill, a Russian-based supermarket chain, is planning to expand and open a store in the Netherlands in the coming weeks, according to a Reuters report. Having started one decade ago selling fresh dairy products from local producers, the company positions itself as a neighbourhood distributor of affordable fresh food through supermarkets and self-checkout micro markets. VkusVill, which can be translated to “Taste Town”, is one of the fastest growing retailers …
ProviCo, an Australian-based animal nutrition company, has announced the acquisition of the Dennington milk processing plant to Fonterra Australia. Described as one of the leading companies in animal nutrition in the country, ProviCo is a manufacturer of feed and vitamin fortified products for farm animals. According to sources, since the announcement of the factory closure back in May, Fonterra has been looking for a potential buyer for the Dennington factory …
Carrefour, the global retail giant, has announced Mobimart, said to be the first mobile “grocery bus” in Dubai, via its partnership with UAE-based conglomerate Majid Al Futtaim. Developed by the UAE-based startup Bespoke Trailers, Mobimart is designed to bring shopping to “underserved” communities, offering fresh food and daily groceries six days a week. The bus will visit various residential areas in Dubai with designated time stops, parking near to customers’ …
Megmilk Snow Brand, a Japan-based dairy company, has launched what is said to be the first yoghurt drink that can reduce nose and eye discomfort due to allergies. Launched under the name of Nyu-San-Kin Helve, the yoghurt drink is said to have a lactic acid bacterium present on its formula named L.helveticus SBT2171, which was demonstrated to reduce allergy symptoms. According to the company, each bottle of yoghurt drink has one …
Mondelez International, the snack and confectionery multinational, has announced an agreement to acquire a majority interest in Give & Go, a US-based in-store bakery company. Give & Go, which owns the brands Two-bite and Create-A-Treat, produces fully finished sweet baked goods that are sold across North America. The firm is said to have a leading position in brownies, cupcakes, pastries and muffins, and reported net revenues of $500 million in …
Brothers Desserts, a US company behind brands such as Natural Choice, Absolute Fruit Sorbet and Brothers Ice Cream, has announced the acquisition of Schoep’s Ice Cream, a family owned ice cream company, for an undisclosed sum. Founded in 1928 , Schoep’s Ice Cream started on the back of a Wisconsin grocery store. Today, the company produces over than 12 million gallons of ice cream annually, available across theUnited States. “We …
PepsiCo, the US multinational food and beverage maker, has announced the acquisition of snack brand Be & Cheery from the Chinese company Haoxiangni Health Food for $705 million. Founded in 2003 and headquartered in Hangzhou, Be & Cheery is one of the largest online snacks companies in China and reported revenues of approximately 5 billion RMB ($710 million) in 2019. It is said to have product offerings across nuts, dried …
B&G Foods, the US company behind brands such as Back to Nature, Green Giant and Cream of Wheat, has announced the acquisition of Farmwise, a Massachusetts-based producer of vegan and plant-based products, for an undisclosed sum. Founded by a husband and wife team, Farmwise makes vegetable-enhanced versions of traditional frozen potato products and vegetable-based alternatives to chicken nuggets, as well as vegetarian appetisers. Retailed across the USA, the products are …
Kind, the snack firm in which Mars has a minority interest, has announced a major NPD push that will take the company into the chilled and frozen space, as well as expanding its range of ambient snacks. Describing the product roll-out as “its biggest innovation expansion ever”, Kind said all the new items would be made with a “nutrient-dense” food as their primary ingredient. In the frozen section, the company is launching Kind …
Hormel, the leading US food manufacturer, is expanding its manufacturing operations to Nebraska with the opening of a new factory in Omaha, according to a Food Business News report. The building, said to be a former distribution centre for the now defunct Shopko retail chain, is set to undergo $60 million of renovations with a view to opening in November of this year. The new factory will reportedly employ around …
DMK, the leading Germany dairy cooperative, has announced plans to sell its ice cream plant in Waldfeucht-Haaren, North Rhine-Westphalia to retail giant Schwarz Gruppe, which operates the Lidl and Kaufland businesses, for an undisclosed sum. Describing the move as being part of plans to “streamline its production network in the ice cream business unit”, DMK said the transfer of the factory ownership, together with its 200 staff, would take place …
The Good Bean, a California, US based maker of organic chickpea snacks, has acquired rival snack firm Beanitos, according to a report in NOSH.com The terms of the deal, which were not wholly disclosed, will reportly seen Good Bean take over Beanitos assets, including its products, recipes, branding and retailer relationships, without assuming any responsibility for the company’s debt. Beanitos’ existing investors are also reported to have injected more capital into the …
Tyson Foods, the US firm predominantly active in the meat sector, is said to be investing $27 million to increase capacity at a factory in Caseyville, IL, USA that makes processed foods. The investment will see 100 new jobs created and three new production lines added, enabling Tyson Foods to increase capacity by 16 million pounds (around 7,250 tonnes) per year. The Landshire Sandwiches plant was acquired by Tyson Foods in …
Insight by Gama Compass MANCHESTER – 30th January 2020: Snack manufacturers around the world are beginning to respond to heightened concern over salt (sodium) content in packaged retail foods by cutting back on the amount of salt they use across a range of savoury snack launches, the latest insight from Gama Compass can reveal. Nonetheless, the data also shows a significant regional disparity in the average salt content of snack launches, and …
The Mexican arm of food and drink multinational Nestle has announced plans to invest $700 million to upgrade its 17 manufacturing plants to increase productivity, improve processes and expand production capacity. The investment includes $200 million, announced in November last year, for the first phase of a new coffee factory in Veracruz, which will process 20,000 tons of coffee per year from Mexican coffee growers, and which is expected to begin operations in the …
Chocolate giant Lindt & Sprungli is to close a manufacturing plant operated by its subsidiary Russell Stover in Montrose, CO, with the loss of up to 400 jobs. The move is said to form part of changes to the company’s production, retail and distribution networks, which will also see the expansion of plants in Corsicana, TX as well as Abilene and Iola, KS where around 300 new jobs will be created. …
Quinoa Corporation, a business trading as Ancient Harvest, has acquired US gluten-free peer Pamela’s, according to a statement from the former’s private equity investor Encore Consumer Capital. The deal, described as combining “two heritage gluten-free pioneers”, “more than doubles the business under Quinoa Corporation’s management, strengthens its ability to expand its retail footprint, and combines the gluten-free formulation expertise and supplier networks of both brands to facilitate new product development”, Encore …
Gama spoke to Anne Schumacher, Vice President Food & Food Technology of Koelnmesse GmbH, ahead of the 50th anniversary edition of ISM. What are your expectations for this 50th edition of ISM? Of course, we are looking forward to a great event. ISM is again very well positioned this year. With more than 1,750 exhibitors from 76 countries, we were able to increase the number of exhibitors in our anniversary year …
Fazer, the Finnish dairy and confectionery firm, is considering closing a production facility for its Yosa brand of oat-based products, according to a FoodBev report. The plant in Kaarina, south-west Finland, is reportedly being shut as part of an efficiency drive, with production moving to another manufacturing site in the town of Koria. While noting that non-dairy oat-based products were playing a “key role” in the development of the business, Heli …
A factory in Rancho Cucamonga, CA, USA that manufactured products under the Golden Island Jerky brand is set to close following the sale of the company to meat snacks firm Jack Links, according to a report in the Orange County Register. The decision to close the factory was announced in December, and Jack Links has now confirmed it intends to absorb production of Golden Island Jerky into its four existing factories elsewhere …
‘Big Four’ UK supermarket chain Asda has announced plans to address the challenge of reducing plastic waste by opening a “test and learn sustainability store” in Leeds that will allow consumers to bring in their own containers and refill with a variety of dried goods. Launching in May, the store will use dedicated refill stations to allow consumers to make packaging-free purchases of Asda own-brand coffee, rice and pasta, as well …
Gama spoke to Mark Napier, Show Director, Gulfood, ahead of the landmark 25th edition of the Middle East tradeshow. What are your expectations for this edition of Gulfood? We anticipate this edition – which marks the 25th anniversary of Gulfood – being a hotbed of innovation reflecting the trends within an industry where demographic shifts such as urbanisation, migration, and the rise of the middle class are reshaping consumer …
Hershey, the US confectionery and snacks firm, has announced it is moving Krave, the meat jerky firm it acquired in 2015, into the vegan foods space with the launch of Krave Plant-Based Jerky. Said to features a taste and texture similar to that of Krave Gourmet Meat Cuts, Krave Plant-Based Jerky is described as being made from peas and fava beans “for an eating experience and nutritional profile superior to any …
Bimbo, the Mexican bakery giant, has acquired the Lender’s Bagels business from US food firm Conagra Brands via its subsidiary Bimbo Bakeries USA. Announcing the divestment in a press release, Conagra Brands said the transaction included the Lender’s brand and related intellectual property, as well as a production facility in Mattoon, IL, and inventory. Founded in 1927, Lender’s Bagels offers refrigerated bagels in Blueberry, Cinnamon Raisin Swirl, Egg, French Toast, Onion, …
PepsiCo, the US-based snack foods firm, has taken a significant stake in the Ethiopian crisp firm Senselet. Veris Investments, the private equity fund which founded Senselet in 2015, said it would continue to maintain a minority interest in the firm and would partner with PepsiCo to further grow the business and develop potato sourcing programmes in Ethiopia. Distributed in Addis Ababa and other large Ethiopian cities, Senselet’s flagship Sun Chips …
Coca-Cola, the soft drinks giant, has announced it has taken full control of the Fairlife dairy brand after agreeing a deal for the remaining 57.5% stake in the business from its joint venture partner Select Milk Producers. Fairlife came to prominence in 2014, when Coca-Cola announced it was entering the dairy sector with a new premium brand of ultra-filtered milk. Outlining the rationale for the move, Coca-Cola claimed that value-added dairy products had been growing …
Utz Quality Foods (Utz), the US snack firm, has announced it has acquired Illinois-based crisp maker Kitchen Cooked for an undisclosed sum. Headquartered in Farmington, IL, Kitchen Cooked is described as a leading manufacturer and distributor of snack foods serving central Illinois and eastern Iowa. Starting in the 1930s by manufacturing crisps, Kitchen Cooked has more recently expanded its product line to include extruded snacks, popcorn, pretzels, tortilla chips and pork scratchings. …
Bunge, the leading agri-commodities business, has announced it has reached a deal to sell its margarine and mayonnaise assets in Brazil to JBS subsidiary Seara Alimentos, which primarily markets meat products, in a deal worth around R$700 million ($174 million). The transaction includes three production plants in Gaspar (SC), Sao Paulo (SP) and Suape (PE), as well as the retail brands Delicia and Primor, and the foodservice brand Gradina. “The transaction is in …
Multinational food and drinks giant Nestle has announced it is to sell a 60% stake in its Herta division to Casa Taradellas, an Italian meat and pizza firm, in a move that will see the two firms establish a new joint venture. The deal includes Herta charcuterie available in six European countries, as well as the Herta dough business in France and Belgium. Nestle said it would retain and develop its existing …
Hailed as its biggest edition yet, SIAL Middle East returned to the Abu Dhabi Business Centre, United Arab Emirates (UAE) earlier this month to celebrate its 10th anniversary. Once again, halls were packed with a diverse array of food and drinks products from all around the world, giving an indication of the new tastes and concepts set to land on grocery shelves and restaurant menus in the UAE in the months to …
Nuova Castelli, the Italian cheese maker soon to be owned by Lactalis, is closing its lone manufacturing facility in the USA, according to a Just Food report. Closure of the facility, which is located in Blockville, NY, could lead to up to 67 job losses, US media outlets say. The company has only been operating the factory, which was previously the Empire Specialty Cheese manufacturing plant, for three years, having acquired …
Danone, the food and drinks multinational, has announced it is investing “tens of millions” of euros to upgrade its dairy processing plant in Ochsenfurt, Germany, in order to expand production and improve efficiencies. The investment is primarily geared towards allowing the plant to manufacture ambient dairy products and also plant-based foods, alongside its existing yoghurt and dairy dessert production lines for brands such as Activia and Dany. The upgrade, which will …
Gama spoke to Jacek Plewa, General Manager, Global Food Industries. What overarching trends do you expect to shape frozen food innovation in 2020 and beyond? “The major, game changing development for frozen (and chilled) categories is growth in plant-based protein products, which is going to be exponential and is en-route to taking plant-based products mainstream, evolving from a niche protein to a major centre-of-plate contender, suggesting that a major transformation …
Froneri, the UK-based ice cream firm, has announced it is expanding into North America with the acquisition of the Nestle USA ice cream business for $4 billion. The deal would move Froneri “towards global leadership” in the ice cream category, the company said. The Nestle US ice cream brand portfolio includes Dreyer’s, Haagen-Daaz, Outshine, Skinny Cow, Edy’s, and Drumstick, in addition to the Nestle brand itself. The business unit employs …
The latest innovation insight from Gama Compass MANCHESTER – 12th December 2019: Highlighting continued interest in on-the-go breakfast options, this month’s Innovation Insight looks at a new packaging concept aiming to bring the traditional breakfast cereal format in line with prevailing consumer trends – Nestle Box Bowls Cereal. Essentially a reinvention of single-serve breakfast cereal multipacks, Nestle Box Bowls are an attempt to reinvigorate traditional boxed cereals by adapting the format …
General Mills, the US food and drinks firm, is expanding its Oui By Yoplait yoghurt line with the introduction of a new coconut-based range, and a line of more indulgent desserts. Oui Dairy Free Coconut Dairy Alternative is described as being made with a coconut base and paired with flavours such as vanilla, strawberry, mango, and raspberry “to deliver a creamy and indulgent taste experience”. The new dairy-free line is claimed …
Bauli, the Italian bakery firm, is expanding into the sports nutrition market with the acquisition of a majority stake in Slovakian supplement firm MaxSport, according to a report in Startitup. MaxSport, which markets products such as pasta, protein shakes, nut butter, protein snacks and snack bars in the Czech Republic, Slovakia and over 30 other countries, reportedly does not have its own manufacturing facilities but relies on third party producers. Its …
PepsiCo, the leading food and drinks multinational, has announced it has entered a definitive agreement to acquire BFY Brands, the makers of the PopCorners snack line, for an undisclosed sum. The firm said the addition of BFY Brands would expand Frito-Lay’s snacking portfolio and “further deliver on its Winning with Purpose vision to offer consumers more positive nutritious options”. PopCorners is descirbed as a high growth, better-for-you popped corn snack sold in …
Hostess Brands, the US bakery firm, has announced it has acquired Voortman Cookies, a “rapidly growing” manufacturer of wafers, sugar-free and specialty biscuits, from Swander Pace Capital for approximately $320 million. Founded in 1951 and headquartered in Burlington, Canada, Voortman Cookies is described as the number one player in creme wafers and sugar free cookies, with distribution across the USA and Canada. Hostess Brands said the acquisition would enable it to enter …
Arla, the Danish milk processor, is to shut its Gefleortens business in Sweden, according to a FoodBev report, in a further sign of the pressures facing the global dairy sector. Gefleortens, which Arla acquired in 2017, is based in Gavle, north of Stockholm, and produces a range of dairy products including milk, cream and yoghurt. Arla reportedly cited increased competition as a reason for its decision, in addition to increased …
Lion Australia, the Kirin-owned Australian food and drinks manufacturer, has announced it has reached an agreement to sell its Dairy & Drinks business to Chinese dairy firm Mengniu in a deal valued at A$600 million ($406 million). The sale includes all white milk, milk-based drinks, yoghurt, juice and water ice brands and assets, as well as Lion Dairy & Drinks’ International business, its share of the joint ventures Vitasoy Australia Products and …
M. Dias Branco, the leading Brazilian biscuit and pasta firm, has announced it has abandoned plans to construct a new factory in Juiz de Fora in Minas Gerais state, according to a report in New Trade. The company had originally announced the R$305.6 million ($72 million) scheme in 2014, with the intention of using the plant to produce both pasta and biscuit products. However, as a result of its acquisition of …
Pif Paf Alimentos, a leading meat and poultry processor, has announced it has acquired Brazilian peer Fricasa, a pork specialist, for an undisclosed sum. The firm, the largest meat processor in the Minas Gerais region, said the deal would increase its pork processing capacity by 70% and would add around 15% to its annual turnover. Founded in 1962 and with operations in the southern Brazilian states and the Sao Paulo …
Bumble Bee Foods, the US manufacturer of preserved fish and chicken products, has filed for bankruptcy and agreed a deal to sell its assets to Taiwanese seafood processor FCF, according to a Food Business News report. FCF will pay reportedly $925 million for Bumble Bee Foods’ assets. The declaration of bankruptcy will facilitate the sale and help Bumble Bee reduce its debt burden, the US company is quoted as saying. …
Unilever, the Anglo-Dutch FMCG firm, has announced it is consolidating production of Weis ice creams in Australia at its site in Minto, New South Wales, meaning the long-standing Weis factory in Toowoomba, Queensland will close. “The ice cream market – in terms of costs, competition and distribution channels – has changed very quickly and pressure on our business has significantly increased”, Unilever Australia & New Zealand CEO Clive Stiff said. Unilever …
Chobani, the second-largest yoghurt maker in the US, has announced the launch of a new oat-based range as it expands its offering in the non-dairy space. Called simply Chobani Oat, the new line will include oat-based yoghurt, due for launch next month, and oat-based milks due for launch in January next year. It is also launching a “barista blend” product designed to behave like steamed whole milk in coffee and tea. …
Dean Foods, the troubled US dairy firm, has announced it has filed for bankruptcy protection amid financial difficulties. The firm, which is the US’s leading milk processor, said it and most of its subsidiaries had initiated voluntary Chapter 11 reorganization proceedings, adding that it intended to use the process to support its ongoing business operations and address debt and unfunded pension obligations while it works toward an “orderly and efficient” sale. Dean …
Yasar, the Turkish firm behind the Pinar brand, is to set up a dairy plant in the Khalifa Industrial Zone in Abu Dhabi, UAE with an initial investment of approximately $27 million, according to a report in Arabian Business. The plant, reportedly the first processed cheese factory to be established in the UAE, will act as a manufacturing hub for Yasar in the MENA region. Commenting on the move, Arda Cenk Tokbas, …
Gama spoke to Saeed Al Mansoori, IDEX Executive Director at ADNEC, ahead of the 2019 edition of SIAL Middle East. What are your expectations for the 10th edition of SIAL Middle East? We are very much looking forward to our 10th anniversary edition as we are expecting to draw over 1,000 exhibitors, with more than 30 country pavilions and over 20,000 industry experts from more than 50 countries. The event will …
Mars, the global confectionery giant, is rolling out a range of vegan-labelled milk chocolate bars in the UK, according to a report in The Guardian. The new line-up under the Galaxy brand will be offered in the varieties Smooth Orange, Caramelised Hazelnut and Caramel & Sea Salt, and will come in 100g packs bearing Vegan Society certification. Reformulating its Galaxy bars to replace dairy ingredients with hazelnut paste and rice …
McCain, the leading potato processor, has announced it is investing C$80 million ($60 million) to increase capacity for formed potato specialities in Canada, to meet growing demand from retail and foodservice customers. The firm said the creation of the new high-speed formed potato speciality line at its Grand Falls plant in New Brunswick would strengthen its potato processing presence both in Canada and North America. The new production line will be operational by early …
Riviana Foods, a leading US rice and pasta firm, has announced it has expanded its production capacity for microwaveable rice products under the Minute rice brand via a $27 million investment. The firm, which claims to be the largest processor, marketer and distributor of branded and private label rice products in the US, said the investment would double current operational output, adding that it was the second time in three years that …
Zwanenberg, the diversified food brands firm, has submitted a deal to acquire Struik, the Dutch soup manufacturer, to competition regulators in the Netherlands, according to a Tubantia report. Struik, which is currently owned by veal processor Van Drie Group, following a deal agreed in 2016, manufactures a range of ambient soups and stocks, as well as the Sonnen Bassermann line of soups, stews and ready meals in Germany, and the …
JBS, the Brazilian meat firm, has acquired beef and pork products maker Marba, via its subsidiary Seara Alimentos, for an undisclosed sum, according to a report in InfoMoney. The company said the acquisition was “in line with our strategy of increasing the number of added-value brands and brands in our portfolio”. Founded in 1961, Marba produces a broad range of traditional Brazilian meat products, including mortadela, linguica, salami and bacon …
Lassonde, the Canadian agri-food firm, has announced it has entered into an agreement to acquire Sun-Rype, a fruit-based snack and drinks maker, for a cash consideration of approximately C$80 million ($61 million). Founded in 1946, Sun-Rype produces juices and fruit snacks in Kelowna, BC, and also operates facilities in Selah and Wapato in the USA’s Washington state. The company manufactures and sells a variety of ready-to-drink fruit based juices and drinks under the Sun-Rype …
Consumer goods giant Nestle has announced it has opened a plant in Shuangcheng District, Harbin City, in the Heilongjiang province of China, which is said to be the company’s first Chinese factory dedicated to the production of Gerber Nutripuff infant cereal snacks. The factory, built at a cost of around 100 million CYN ($14 million), will produce organic and regular Gerber NutriPuffs in a total of eight flavours. The products will be packed …
Mondelez, the global snacks and confectionery firm, has invested C$4o million ($30 million) to upgrade a confectionery facility in Hamilton, Canada to increase capacity, according to a report in Canadian Grocer. The investment is reportedly being spent on a new line that will make 11 million pieces of Maynards jelly sweets a day for distribution across Canada and the USA. The new production line in Hamilton is part of a wider commitment to manufacturing …
BRF, the Brazilian meat and poultry firm, is investing $120 million to open a chicken processing plant in Saudi Arabia to strengthen its Middle East presence, according to a Reuters report. The investment underlines BRF’s goal to remain a leading supplier to countries of the Gulf, BRF chief financial officer Carlos Moura is quoted as saying. The company currently operates a facility in Abu Dhabi (UAE) serving the region, in addition to …
Horizon Organic, an organic dairy firm and Danone subsidiary, has announced the launch of a new milk formulated to meet the nutritional needs of young children. Horizon Organic Growing Years is said to have been developed in partnership with paediatricians and created specifically for children aged one to five. The formulation is said to include DHA Omega-3 to support brain health, choline to transport DHA in the body, prebiotics for gut …
Arla, the Danish dairy co-operative, has announced plans to invest $55 million in its factory in Manama, Bahrain, with a view to making the plant its key strategic manufacturing hub in the Middle East & North Africa. The dairy giant took over the plant as part of its acquisition of the Mondelez branded cheese business in the Middle East. The majority of Arla’s products sold in the region will now be …
Tulip, the meat processor and branded food maker, has announced it is considering closing its meat processing site in Bodmin, Cornwall, UK, with the loss of up to 270 jobs. “The site has been operating at a significant loss for several years and while it remains a well-invested site with industry-leading capabilities, it is unsustainable to maintain operations under the existing business model”, the company said, while adding: “Closure is …
Hipp, the German organic baby food firm, has announced its expansion into new categories with the acquisition of Barnhouse, a maker of natural granola and other breakfast foods from the Upper Bavaria region. Founded in 1979, Barnhouse markets a broad range of granolas as well as other traditional breakfast cereals such as cornflakes and muesli under its namesake brand, and is described as the maker of the world’s first organic …
Upfield, described as the global leader of plant-based butter and spreads, has announced it has secured a deal to acquire Arivia, the Greek owner of the Violife cheese alternative brand, for an undisclosed sum. Founded in the 1990s, Arivia develops a range of plant-based dairy and dairy-free products, using mainly coconut oil. Its products include dairy-free alternatives to cheddar, mozzarella and cream cheese. The firm’s flagship Violife brand is claimed to be the …
Kind, the US-based snack company minority owned by Mars, has announced the acquisition of Creative Snacks, a family-owned snack company based in North Carolina, to further strengthen its presence in ‘better-for-you’ snacks. Founded in 2009, Creative Snacks offers premium-positioned snack foods including almond and coconut nut clusters, pretzels and trail mixes, as well as granola. Commenting on the acquisition, Daniel Lubetzky, founder and executive chairman of Kind, said: “The Creative …
VMG Partners, a US private equity fund specializing in consumer goods, has announced the acquisition of the Popchips brand in North America, and most international markets outside of the UK and Europe, via its newly-created “branded snacking platform” Velocity Snack Brands (VSB). Founded in 2007, Popchips is a “better for you” snack brand sold in supermarkets across the USA. Alongside the flagship Popchips brand, the firm’s portfolio also includes brands such …
Valeo, the Irish food firm, is to acquired the UK puddings business Bakery Foods, trading as Matthew Walker, from the UK food giant 2 Sisters in a deal worth £67 million ($85 million), according to a FoodBev report. Based in Derbyshire where it operates a factory employing 200 staff, Matthew Walker produces Christmas puddings, sponge puddings and other traditional British desserts under its namesake brand for both retail and foodservice …
North American natural and organic foods firm Hain Celestial has announced the latest in a series of divestments with the sale of the Arrowhead Mills and SunSpire brands to Hometown Food, a wholly-owned portfolio company of Brynwood Partners VII and Brynwood Partners VIII, for $15 million. The Arrowhead Foods lineup includes baking mixes, breakfast cereal, flour, pancakes, and pie crusts, while SunSpire is a brand of baking chocolate and chocolate confectionery. The transaction …
Frito-Lay, the snacking division of food and drinks giant PepsiCo, is investing $70 million to upgrade a prodjction facility in Frankfort, IN, according to a report in Inside Indiana Business. The investment is reportedly to be used to install a new snack production line as well as to expand an existing warehouse. 45 jobs are expected to be created as a result of the upgrade. News of the expansion follows a …
Reinert and Kemper, two of Germany’s largest manufacturers of sausage products, have announced they are to merge to form the second biggest meat processor in the country, with annual turnover of more than €700 million ($767 million). Named TFB The Family Butchers, the newly-created company will offer customers a wide portfolio ranging from value lines to premium branded products, and will bring together Reinert’s expertise as a brand manufacturer with Kemper’s specialism …
Consumer goods giant Nestle has announced it is expanding its plant-based food range with the launch of burger and imitation mince in the USA and Switzerland United States. The ingredients and recipes in the new line are said to be customized to meet local tastes, to “ look and cook” like raw beef and provide a “juicy, meat-like” taste and texture. In the USA, Nestle is launching an Awesome Burger …
Mars, the global confectionery firm, has officially inaugurated a new facility in Brazil’s Sao Paulo state that will be dedicated to the manufacture of Snickers bars, according to a report in New Trade. The new plant, in the town of Gurararema, is said to have been built as part of a R$500 million ($120 millon) investment in Mars Wrigley Brazil, and will create 125 new jobs. The additional capacity reportedly …
Zwanenberg, a producer of meat preserves, snacks, soups, sauces, convenience meals and vegetarian products, has announced an agreement to acquire the Chicken Tonight sauce brand from Anglo-Dutch consumer goods giant Unilever. Zwanenberg said it already made the sauces for Unilever but from now one would also assume responsibility for marketing and sales. Commenting on the deal, Zwanenberg Nederland CEO Maarten Elsinga said: “Chicken Tonight is a wonderful extension of our …
Aviko, one of Europe’s biggest producers of fresh, frozen, dried and specialty potato products, has announced plans to expand production capacity at its plant in Poperinge, Belgium, including the establishment of an entirely new production facility for frozen French fries and potato flakes. The new plant will have a capacity of 175,000 tonnes for frozen chips (fries) and 11,000 tons for flakes annually includes waste water treatment, a 40 metre …
Mengniu, a leading Chinese dairy firm , has made a bid to acquire Bellamy’s, Australia’s largest organic infant formula producer, for approximately A$1.5 billion ($1.03 billion). Bellamy’s produces, supplies and markets a range of organic food and infant formula for babies and toddlers, sourcing ingredients from Australian and international suppliers. Bellamy’s products are distributed in Australia, Vietnam, Singapore, Malaysia, New Zealand and China, including Hong Kong. Commenting on the proposed …
Celsius Holdings, the maker of fitness drink Celsius, has announced the acquisition of Func Food Group, a Finnish supplements and health foods firm, for $15.1 million in cash and the assumption of $9.5 million of outstanding debt. Func Food is a markets and distributes beverages, protein bars, supplements and superfoods under the brands Celsius, FAST Sports Nutrition, CocoVi and FitFarm. Celsius Holdings said the deal represented an opportunity to quickly …
Leading US food manufacturer Conagra Brands has announced it has reached an agreement to sell its direct store delivery snacks business to Utz Quality Foods, described as the largest privately held savoury snack firm in the USA, for an undisclosed sum. Crisp, popcorn, pretzel and savoury snack brands such as Tim’s Cascade Snacks, Hawaiian Snacks, Erin’s, Snyder of Berlin and Husman’s will now transfer to Utz Quality Foods. “We continue …
Kraft Heinz, the leading US food and drinks firm, has announced a health-oriented makeover for its flagship Heinz ketchup brand, with the introduction of a new variety that contains added vegetables. Marketed as “miraculously offer[ing] the veggies parents love, without compromising the thick and rich HEINZ taste kids love”, Heinz Tomato Ketchup with a Blend of Veggies is said to contain 25% added vegetables (butternut squash and carrot) and 25% …
ACH, a manufacturer of branded cooking oils and baking products, has announced the acquisition of natural and organic food firm Anthony’s Goods for an undisclosed sum. Anthony’s Goods markets a range of gluten-free flour alternatives, baking aids and supplements, including coconut and almond flours, spirulina and algae powder, and activated charcoal. Commenting on the acquisition, ACH CEO Imad Bazzi said: “One of the key reasons we partnered with Anthony’s Goods …
Wells, described as the largest privately held, family-owned ice cream manufacturer in the USA, has announced it has acquired the Halo Top brand from Eden Creamery. The purchase expands Wells’ current portfolio to five distinct brands, the company said. Advertised as “light ice cream that actually tastes like ice cream” and as having fewer calories, less sugar, and more protein than traditional ice cream, Halo Top range is touted as having created …
Kroger, the leading supermarket chain, is the latest US firm to move into the imitation meat space with the launch of a new plant-based line under its Simple Truth banner. The product line is said to include fresh meatless burger patties and grinds as well as plant-based cookie dough, pasta sauces, sausages, deli slices, dips and other items. In a press release Kroger said the launch was in response to …
Oatly, the Scandinavian firm behind the namesake dairy-alternative milk, is opening its first new factory outside Sweden with an investment in a new plant in Vlissingen, Netherlands, according to a report in AD. The factory, which is designed to meet increased demand for the company’s oat-based goods, will employ 15 staff and produce 120 million litres of Oatly products per year. Commenting on the launch, Oatly spokesperson Fredrik Gustavsson said: “We have seen …
Canada-based potato processor McCain has announced plans to further invest C$12 million ($9 million) at its facility in Florenceville, New Brunswick, Canada, adding capacity to the existing line that produces chips (fries) for the company’s food service and retail business. The extra capacity will require an additional 400 hectares of potatoes from local growers, McCain said in a statement. The project is to be completed in two phases, one which …
Kellogg, the leading US cereal and snacks firm, has announced it is expanding its MorningStar Farms plant-based range with the launch of Incogmeato, a new line of imitation meat products. The “next-gen” product line is said to include the company’s first ready-to-cook plant-based burger, which will be sold in the refrigerated meat aisle, as well as frozen, plant-based imitation chicken tenders and nuggets. Commenting on the launch, MorningStar Farms Plant-Based …
Burton’s Biscuit, the UK bakery firm behind brands such as Maryland and Wagon Wheels, has announced it has acquired Paterson Arran, a Scottish independent food company, for an undisclosed sum. The acquisition includes the Paterson’s shortbread brand as well as the foodservice biscuit and chutney brands Bronte, Cafe Bronte and Arran Fine Foods. Paterson Arran, which employs around 200 people, runs the Royal Burgh Bakery in Livingston, West Lothian, which produces …
Gama spoke to Anne Schumacher, Vice President Food & Food Technology, Koelnmesse, ahead of the latest edition of the Cologne tradeshow. What are your expectations for this edition of Anuga? Anuga 2019 is fully booked which is a great success again. Over 7,400 exhibitors from more than 100 countries will be part of this year’s edition. In addition to that, Anuga is celebrating its 100th anniversary – a remarkable sign of …
Tyson Foods, the US meat processor, has announced it has reached a deal to take a 40% stake in Brazilian poultry firm Grupo Vibra for an undisclosed sum. Describing the deal as “part of its global growth strategy”, Tyson Foods said its stake in Grupo Vibra would give it more flexibility in serving customers in key global markets, noting that nearly 98% of protein consumption growth is expected to come from outside the …
Campbell Soup, the US foods manufacturer, is continuing to shed non-core businesses, this time striking a deal to offload its European crisps business, including the Kettle brand, to the Irish firm Valeo Foods. The US company said it would use the proceeds from the sale, which is valued at around £66 million ($79 million) to reduce debt. Campbell Soup’s European Chips business includes UK-based Kettle Foods and Netherlands-based Yellow Chips. Headquartered in Norwich, …
Pilgrim’s Pride, the chicken and prepared foods firm, has announced it has acquired Tulip, a leading, integrated prepared foods supplier with 12 fresh and value-added operations in the UK, from Danish Crown, in a deal worth around £290 million ($354 million). In the retail sphere, Tulip markets namesake pork products as well as Danepak, the UK’s leading bacon brand. Commenting on the deal, Pilgrim’s Pride global CEO Jayson Penn said: …
Hain Celestial, the natural foods firm, has announced it has agreed a deal to sell its Tilda brand of basmati and speciality rice to the Spanish consumer goods firm Ebro Foods for $342 million in cash. The firm said it was planning to use a portion of the sale proceeds to pay down debt, and was evaluating distribution alternatives for the remainder. Tilda operates two plants in Rainham (UK) and employs 326 …
Hershey, the US confectionery firm, has announced it has entered into a definitive agreement to acquire One Brands, the maker of a line of low-sugar, high-protein nutrition bars, for a purchase price of $397 million. The chocolate maker said the deal “strengthened its position as a snacking leader” and would “provide a competitive offering of brands in the nutrition bar category”, adding that it would complement the company’s existing Oatmega …
Stonewall Kitchen, the US speciality foods firm, has announced it has entered into an agreement to acquire the Vermont Village brand of organic applesauce and apple cider vinegar, with the deal expected to close in September. Produced by the Village Cannery of Vermont since 1995, the Vermont Village brand has largely specialized in organic applesauce. More recently it added a line of raw and organic apple cider vinegars which are described as …
Ajinomoto, the US seasonings firm, has announced it has taken a 50.1% equity stake in More Than Gourmet (MTG), a US saucemaker, via a strategic partnership with its consolidated subsidiary Ajinomoto Health & Nutrition North America. Most famous for its demi-glace French-style sauce concentrates sold in both retail and foodservice channels, More Than Gourmet has also been marketing the Kitchen Accomplice brand of broths and burger seasonings since 2013. It operates a …
Orkla, the Scandinavian consumer goods giant, has announced it has signed an agreement to take a 20% stake in Noi-Sirius, described as Iceland’s leading chocolate and confectionery manufacturer. Established in 1920 and with about 150 employees, Noi Sirius markets chocolate brands such as Sirius, Noa Konfekt, Noa Kropp, Noa Paskaegg and Konsum. While over 70% of the company’s turnover is generated in its domestic market, a growing percentage of its …
Simply Good Foods, a branded nutritional and snack foods firm, has announced it has reached an agreement to acquire the functional foods maker Quest Nutrition for $1.0 billion in cash. Quest Nutrition is described as being focused on creating snacks with high protein levels but minimal sugars and net carbohydrates. The firm’s product lineup includes snack bars, biscuits, savoury snacks, protein powders and pizzas. “The acquisition of Quest strengthens Simply …
Del Monte Pacific, a leading fruit and vegetable processor, has announced plans to divest production facilities of its US subsidiary Del Monte Foods, including the closure of two production facilities and the sale of another. The facilities to be closed are located at Sleepy Eye, MN and Mendota, IL, where production is set to cease at the end of the current pack season. A third plant in Cambria, WI, will …
Target, the US grocery retailer, has announced the introduction of Good & Gather, which it described as its largest private label brand for food and drinks. The new flagship brand will offer a wide range of food and beverage products that “prioritise taste, quality ingredients and ease, at a great value”, the company claimed in a press release. “Our guests are incredibly busy and want great-tasting food they can feel …
Hershey, the US confectionery and snacks firm, has announced a minority investment in the Ireland-based functional food firm Fulfil via its C7 Ventures arm. Founded in 2016, Fulfil produces vitamin-fortified, high-protein, low-sugar nutrition bars made from ingredients such as soy, whey protein and chocolate, which it markets in the UK and Ireland. Commenting on the launch, Hersey chief growth officer Mary Beth West said: “Successful companies evolve and engage consumers …
Dina Farms, a Qalaa Holdings subsidiary and the largest private sector farm in Egypt, has announced an investment of $24.4 million in its dairy farm and related businesses over the coming three years in order to expand production, according to a report in Food Business Africa. The company’s plans are said to include the setting up of a new production line to double production capacity for yoghurt. Commenting on the …
Smithfield Foods, the US meat processor, has announced it is venturing into plant-based foods with the launch of a new brand range called Pure Farmland. The Pure Farmland line comes as meat-free breakfast patties, meatballs, burger patties, and pre-seasoned protein starters, designed to help consumers “grow their plant-based protein options for all meal occasions, including breakfast, lunch, dinner, and appetizers”. All the items are described as being made with ingredients …
The Malaysian division of Japanese seasoning firms Ajinomoto is set to invest 355 million MYR ($84.62 million) to build a new production plant for halal foods on a plot of land located in Seremban, in Negeri Sembilan, according to a report in The Edge Markets. The company is said to have recently acquired the freehold plot for 86.1 million MYR ($20.5 million). Commenting on the move, Ajiinomoto is quoted as …
MegaMex Foods, a Mexican food joint venture of Herdez and Hormel Foods, has announced a new licensing agreement with UTZ Quality Foods to manufacture, market and distribute Herdez branded tortilla chips and pork rinds to retailers in the US. According to the company, the partnership between MegaMex Foods and UTZ will speed up the entry of Hispanic snacks into the US market. The agreement will bring a number of varieties …
The Indian arm of Swiss consumer goods giant Nestle has announced plans to invest an initial sum of 700 crore INR ($98.6 million) over the next two years to set up a new plant for Maggi noodles. Located in Sanand, Gujarat, the factory will be Nestle’s ninth in India and the fourth dedicated facility for Maggi noodles. Commenting on the move, Suresh Narayanan, Nestle India chairman and managing director, said: …
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced it has signed a definitive agreement to sell its Superior Cake Products bakery business to Chicago-based Sara Lee Frozen Bakery for $65 million. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products. Superior Cakes Products manufactures sweet goods such as eclairs, madeleines, brownie bites, and black and white cookies, among other products. Commenting …
Campbell Soup, the leading US food manufacturer, is continuing its divestiture program with the sale of the Arnott’s business and its remaining Campbell International operations to KKR, a global investment firm, for $2.2 billion. Arnott’s was acquired in 1997 by Campbell and has operations centres in Western Sydney, Brisbane and Adelaide in Australi, as well as Bekasi in Indonesia. The Campbell International division also includes Campbell Soup’s “simple meals” business …
Consumer goods giant Nestle has announced the expansion of three factories in Indonesia through a $100 million investment. Upgrades to the three factories, located in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung) will increase Nestle’s current production capacity in the country by 25%, the company said. “We recognize an increasingly conducive business opportunity in Indonesia, coupled with the growing consumer demand towards Nestle’s nutritious and high-quality food and …
HeavenlyRx, a hemp and CBD company, has announced the acquisition of Tru Brands, a US health and wellness company marketing plant-based bars and nutritional powder. Under the agreement, Heavenly Rx will acquire a 51% stake in Tru Brands for $3.5 million in cash and $2.57 million in company stock. Tru Brands currently markets a brand called Truwomen, with a line up of products that “boast the use of clean, plant …
PepsiCo, the US based drinks and snacks giant, is planning to invest 514 crore INR ($74.7 million) over the next three years to set up a snack manufacturing plant in Uttar Pradesh, northern India, according to a report in the Economic Times. The new plant is expected to create over 1,500 direct and indirect jobs, the company said in a statement. Commenting on the move, PepsiCo India president and CEO …
Brasmar, the Portuguese seafood firm, has announced it has acquired Foncasal, a Spanish company specializing in cooked octopus and other chilled seafood products. Based in Logrono in Spain’s Rioja region, Foncascal markets a range of seafood including octopus, squid, prawns and crab under brands including Nuchar, Baltia, Moncasa and Montenia. The company has annual turnover of €18 million ($20 million) and has an international presence, especially in the Mediterranean and …
Cranswick, a supplier of fresh and added-value food products, has revealed it has purchased Mediterranean food producer Katsouris Brothers in a deal worth £43.5 million ($53.2 million). Announcing the deal alongside its first quarter trading results, Cranswick described Katsouris Brothers as a processor and multi-channel supplier of continental and Mediterranean food products, operating a facility in the Wembley area of London. The firm’s product range includes olives, antipasti, oils, cheeses, …
Global snacks and drinks giant PepsiCo has acquired a stake in Natural Food International, one of China’s largest natural food firms, according to media reports. PepsiCo’s 26% stake in the Shenzhen-based company will reportedly make it Natural Food International’s second largest shareholder. Natural Food International makes products from grains, nuts, and beans, with a focus on grain-based premium nutrition powder. Described as China’s second largest natural food producer by retail …
Ebro Foods, the Spanish food company, has announced it has received a binding offer from Midsona, a Swedish leader in organic and health foods and self-care ,for the acquisition of the entire share capital of Alimentation Sante for €57.5 million ($64 million). “Ebro has analyzed the strong investment needed to reach a relevant position in the Bio food business.”, the firm said in a statement “In this scenario, and considering …
Emmi, the Switzerland-based dairy firm, has announced the acquisition of Pasticceria Quadrifoglio, an Italian dessert company headquartered in Piumazzo di Castelfranco Emilia for an undisclosed sum. The integration of Pasticceria Quadrifoglio, which operates two production sites near Modena, will further expand Emmi’s production and distribution capabilities, the company said. The existing “Emmi Dessert Italia” network, which Pasticceria Quadrifoglio will join, already comprises production locations in Gattico, Pero and Lasnigo in …
Muller, the UK’s largest milk supplier and distributor, has expanded its facility in Telford with the construction of a chilled yogurt manufacturing line, capable of producing 500 million pots each year. The expansion represents an investment of £50 million ($62 million), will create 65 new jobs in the area, and enable Muller to meet growing demand from consumers for branded and private label yogurts made with milk from British farms, the …
Dr. Oetker, the German food firm, has announced it is strengthening its presence in Brazil with the acquisition of local baking aids firm Mavalerio for an undisclosed sum. Mavalerio has sales volumes of 31,000 tonnes per year. Its product range includes sugar and chocolate sprinkles, chocolate coatings, icing mixes, cocoa powder, sugar, popcorn and flavourings. Founded in 1969, the firm has grown internationally over a number of years, leading to …
McCain, the leading frozen potato firm, has announced it is investing $100 million to construct its first factory manufacturing chips (french fries) in Brazil. Due to be opened in the first half of 2021, the facility will significantly increase McCain’s production capacity in Latin America, the company said. Located in the city of Araxa, in Minas Gerais state, the factory is also expected to generate 150 direct jobs and 450 …
PepsiCo, the global snacks and drinks giant, has announced that it has entered into an agreement to acquire all the shares of leading South African food manufacturer Pioneer Foods for approximately $1.7 billion. In a press release, PepsiCo described Pioneer Foods as having a “robust, locally relevant” product portfolio of cereals, juices and other African food staples, including well-known brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star, …
Fresh Express, the Chiquita-owned packaged salad firm, is expanding its on-the-go snack portfolio with the launch of fruit-based Chiquita Bites and Chiquita Sticks. The company said the new lines “make planning delicious and refreshing snacks for weekend getaways or school lunches a breeze”. Chiquita Bites is described as savoury snack packs featuring fresh fruit, cheese and nuts and containing at least 7g of protein. They are available as apple wedges, …
Insight by Gama Compass MANCHESTER – 19th July 2019: Coconut – whether as an ingredient or flavour – is continuing to set the pace in the food and non-alcoholic drinks industries. This month’s Insight By Gama Compass examines how coconut has achieved ‘superstar’ status, assesses its penetration across different categories, and considers some of the trends driving its ongoing popularity. Brands across the globe are continuing to turn to coconut to headline …
Consumer goods giant Nestle is claiming a world first with the creation of a 70% dark chocolate made entirely from the cocoa fruit, using the beans and pulp as the only ingredients. “Nestlé has developed a natural approach, which allows it to extract the pulp and use it in chocolate with no compromise on taste, texture and quality”, the company claimed in a statement. Unlike most chocolate, the new product …
Belourthe, a Belgian based company specialized in the manufacturing of infant cereals, has announced it has reached an agreement to buy the baby food business of Cerealto Siro, a food multinational based in Madrid, Spain, for an undisclosed sum. The deal includes the Nutriceal brand of baby foods including cereals, purees and biscuits. Founded in 1974 (and owned until 2013 by the Nutricia / Danone group), the Nutriceal business also …
Gama spoke to Tariq Ahmed Al Wahedi, Chief Executive Officer, Agthia Group. What overarching trends do you expect to shape drinks and food innovation in 2020-21? “Consumers no longer accept products as they traditionally did – they want ‘value-added’ products that are convenient, healthier and benefit their lifestyles. Recent industry reports have shown that the increasing rate of obesity, diabetes and cardiovascular disease are pushing consumers worldwide to shift towards …
Warburtons, the leading UK baking firm, has announced plans to close a plant at its Newburn bakery in Newcastle upon Tyne with the loss of up to 118 jobs, according to a report in the Evening Chronicle. Operational since 1989, the Newburn facility employs around 100 staff in its traditional bakery. It also has a separate ‘free from’ facility, which has made its gluten, dairy and milk free products for the last eight …
Campbell Soup, the leading US food manufacturer, has announced it has signed a definitive agreement to sell the Kelsen Group, a biscuit company that is part of the Campbell International business. to a Ferrero affiliated firm for $300 million. The company said the deal would enable it to reduce its debt burden, adding that the process is now underway to divest the remainder of Campbell International, including the Arnott’s biscuit brand. Based in …
Nissin, the instant noodle maker, has announced its plans to invest 180 million CYN ($26.19 million) to build a new production plant in Zhuhai, southern China, for the manufacturing of packaging materials. The company said the investment would facilitate its business growth and development in Hong Kong and the rest of China. The plant is due for completion by 2021. Commenting on the move Nissin executive director, chairman of the …
Unilever, the consumer goods giant, has agreed a deal to acquire a 75% stake in the Romanian firm Good People, which markets a range of health-oriented food under the FruFru brand, according to reports in Just Food and the Romanian media. Founded in 2006, Good People is described as the first “fresh, healthy” food concept in Romania, offering a range of fruit and vegetable based meals, drinks and other convenience …
Princes, the preserved foods firm, has announced it has completed the first part of a planned £80 million ($100 million) investment in its Long Sutton site in Lincolnshire, UK with the opening of a new pea processing plant. Long Sutton is described as Princes’ largest food production site in the UK, producing a range of canned products including peas, pulses, beans, bean meals, fruits and canned ready meals. Commenting on …
Lactalis, the French dairy giant, has announced it has acquired Ehrmann Commonwealth Dairy, the US yoghurt business of German dairy firm Ehrmann. Ehrmann Commonwealth Dairy has two manufacturing facilities employing 250 people in the state of Arizona. The company makes and distributes yoghurt and other dairy products under the Green Mountain Creamery and Liebe brands, and also has a private label business. “The Ehrmann acquisition is a terrific complement to …
Intersnack, the Germany based-snack giant, has acquired a 40% stake in Universal Robina’s Australia and New Zealand business URC Oceania, according to ESM and Inquirer.net reports. The partnership is intended to boost the two companies’ presence in the region’s snack food market. Intersnack will reportedly pay for the transaction through a combination of cash and shares in Yarra Valley Snack Foods, the company’s natural snack food unit in Australia. In …
Froneri, the UK ice cream manufacturer formed by the merger of the Nestle and R&R ice cream business, has announced its expansion into Israel with the acquisition of Noga Ice Creams, owned by Nestle-owned business Osem, one of the largest food manufacturers and distributors in Israel. Noga markets ice cream under brands including La Cremeria, Extreme, Cookilida, Crunch and Gumigum. Commenting on the news, Froneri CEO Ibrahim Najaf said: “We’re …
Orkla, a leading supplier of branded consumer goods in Scandinavia, is selling its Glyngore canned fish business to Amanda Seafoods via its Danish subsidiary Orkla Foods Danmark for an undisclosed sum. Established in 1940, Glyngore is described as Denmark’s best-known herring and tuna brand and had net sales totalling 43 million DKK ($6.5 million) in 2018. Orkla said the aim of the sale was to “reduce portfolio complexity and concentrate …
AMC, a Spanish manufacturer of juices and fresh foods, has announced it has opened a new plant-based production facility in Merseyside, according to reports in UK Investor Magazine and Asian Trader. The new purpose-built £11 million ($14 million) Skelmersdale factory will produce freshly squeezed juice and a variety of vegetable-based foods. According to Asian Trader, it is producing non-dairy yoghurt for Rebel Kitchen, and plant-based soups for brands including Bol. …
Karro Food Group, a leading UK pork processor owned by private equity firm CapVest has acquired UK seafood firm Young’s for an undisclosed sum, according to a FoodBev report. The new group will employ around 5,000 people across the UK and Ireland and will have annual sales of more than £1.2 billion ($1.51 billion) a year. Grimsby-based Young’s produces a range of fresh, frozen, own-label and branded fish at 12 …
Muller, the leading dairy firm and the UK’s largest milk supplier and distributor, has confirmed that it is to close its production facility in Foston, Derbyshire, with the loss of 223 jobs. In a press release, the company said the decision followed a 45-day statutory review of the its dairy network which examined factory utilisation against a backdrop of declining consumption of fresh milk and “significant changes” in retailing. During …
Amy’s Kitchen, a maker of vegetarian foods based in Santa Rosa, CA, is set to open a new production facility in Goshen, NY, according to reports in Veg News and North Bay Business Journal. The current plans are for a 389,000 sq ft “environmentally efficient” facility that will create up to 680 jobs. It will produce items such as vegan pizzas, burritos, and pasta products, Veg News said. “We are …
Mars, the leading US food firm, has announced that it has signed a definitive agreement to acquire a significant majority stake in Foodspring, a direct-to-consumer targeted nutrition company based in Berlin, Germany. Foodspring will be incorporated within Mars Edge, a division of Mars focused on health and wellness. Foodspring is described as one of the largest and fastest growing targeted nutrition businesses in Europe, with currently six focus countries and …
Unilever, the consumer goods giant, is to close an ice-cream factory in Henderson, Nevada with the loss of 300 jobs, according to a Reuters report. The plant, which is due to cease production at the end of August, is said to manufacture ice cream and frozen novelties for Ben and Jerry’s, Breyers, Magnum, Popsicle, Good Humor and Klondike, among other brands. Unilever is set to finally close the plant during …
Kerry Foods, the Ireland-based food firm, has announced the official opening of a new €20 million ($23 million) production facility in Tumkur, India, 120km from Bangalore. The new 40,585 sq m plant will serve Kerry Taste & Nutrition’s global and regional customers in the South West Asia region, the company said. “Our Tumkur facility will enable Kerry to offer a broader range of technologies, and more comprehensive scientific research and …
Cedar’s Foods, a US producer and co-manufacturer of hummus, has announced it is completing a new 125,000 sq ft facility to produce Mediterranean foods at its base in Ward Hill, MA. The company said the new $100 million facility would enable it double its total annual production output to 208 million pounds. Commenting on the investment, Cedar’s Foods CFO Chris Gaudette said: “Cedar’s is dedicated to providing our customers with …
Kerry Foods, the Ireland-based food firm, has announced plans to close its factory in Burton-on-Trent with the loss of 900 jobs, according to a report in the Derby Telegraph and the BBC. The closure of the site, which manufactures ready meals for leading supermarket chains, reportedly came as the result of the loss of a major Tesco contract. Describing itself as a leading supplier of added-value branded and customer branded …
Nadec, the National Agricultural Development Company of Saudi Arabia, has abandoned plans to acquire food and beverage firm Al Safi Danone, jointly held by Al Safi Holding and Danone Dairy Investments Indonesia, according to a report in The National. Nadec is said to have signed a share purchase agreement with Al Safi Holding last year to acquire 100% of Al Safi Danone, funded through a SAR536 million ($142.91 million) increase …
Bell Food Group, the Swiss meat and salad firm, has announced it is selling its sausage business in Germany to the Zur Muhlen Group, a local meat processor, in order to refocus on the air-dried ham category in the country. The acquisition will see Zur Muhlen Group take over plants in Suhl (Thuringia) and Borger (Lower Saxony) together with all around 400 employees. The Swiss company said the sale of …
Falfurrias Capital Partners, a private equity firm based in Charlotte, NC, USA. has announced it has signed a definitive agreement to acquire CF Sauer, a maker of condiments, spices, seasonings and extracts sold through the retail and foodservice channels. With manufacturing facilities in Richmond, VA, Greenville, SC, New Century, KS, and San Luis Obispo, CA, CF Sauer producers the Duke’s Mayonnaise and The Spice Hunter brands, and also sells mayonnaise …
Kraft Heinz, the third-largest food and beverage company in the USA, has announced the launch of Fruitlove, a new brand of smoothie that can be eaten with a spoon. Said to combine the benefits of creamy yogurt and real fruit and vegetables, Fruitlove Spoonable Smoothie comes in single-serve plastic pots and is said to provide a source of protein, calcium and vitamins A, B1 and B3. “We know that snacking …
Snacks and confectionery multinational Mondelez has announced an agreement to acquire a majority interest in Perfect Snacks, a California-based company described as a “pioneer” in the refrigerated nutrition bars segment. Founded in 2005, Perfect Snacks markets a range “fresh-from-the-fridge” protein snacks, made from plant-based ingredients such as nuts and fruit as well as 20 organic “superfoods” such as kale, spinach, and lemon. Since launching its flagship refrigerated snack bar, the …
Fazer, the leading Finnish bakery and confectionery firm, has announced it has agreed to Kaslink, a family-owned company specialising in Scandinavian cooking products, drinks and snacks, for an undisclosed sum. Kaslink’s product range includes Aito Oat Milk, Maire dairy products, Koria protein drinks, Vesi Water and Nordic Cuisine cooking sauces. The firm had net sales €65 million ($73 million) in 2018 and employs 170 staff. “With this acquisition, Fazer is …
Swiss milk processor Emmi has announced it is increasing its stake in Brazilian firm Laticinios Porto Alegre, taking its holding in the Minas Gerais based milk processor from 40% to 70%. Emmi has held a stake in the Laticinios Porto Alegre since July 2017, and said the company had been developing positively in “an extremely challenging market environment”. “With the acquisition of a majority stake, Emmi is underlining its willingness …
Allied Bakeries, the UK bakery firm behind brands such as Kingsmill, Allison’s, Sunblest and Burgen, has announced plans to halt production at its site in Cardiff with the loss of up to 180 jobs, according to BBC and Wales Online reports. “Earlier this year Allied Bakeries announced the loss of a major own label bakery contract, following which we have undertaken a detailed review of our bakery network to optimise …
Tyson Foods, the US meat firm, has announced its first major foray into plant-based foods with the launch of its new Raised & Rooted brand, and a range of vegetarian and blended products. The initiative makes Tyson Foods the largest US meat producer to enter the alternative protein segment with its own products, the company said in a statement. The initial products under the Raised & Rooted brand include plant-based nuggets as …
Raisio, the Finnish firm behind brands such as Benecol, Elovena, Sunnuntai, Torino and Benella, has announced it is investing an estimated €45 million ($50.8 million) in a production facility for the development and manufacture of plant-based added-value products. Describing the investment as a response to the strong growth in demand for plant-based food, particularly in European markets, Raisio said it was continuing to invest in the growth of the cholesterol-lowering …
Savencia, the French dairy processor, has announced it has reached a deal to acquire roquefort specialist Papillon for an undisclosed sum. Papillon is described as a historic producer of PDO roquefort, marketing cheese “reputed for its exceptional quality” since 1906. Savencia, which has been distributing Papillon cheese in French retail channels since 2007, said the acquisition was part of its strategy to strengthen its portfolio with high quality, locally-produced cheeses. …
Biscuit International, the France-based bakery firm, has acquired cake and biscuit firm Aviateur for an undisclosed sum, according to reports in the Dutch media. Both Biscuit International and Aviateur predominantly manufacturer private label products, although Aviateur also has a retail line under a namesake brand. Based in Broek op Langedijk, Aviateur is said to produce 6 million small cakes and biscuits each day, with annual turnover of €105 million ($119 million) …
Jensen Meat, a California-based beef firm has acquired meat substitutes start-up Before the Butcher, according to an article in Veg News Before the Butcher is the owner of the Uncut brand, which offers a range of plant-based burgers for the retail channel. Its line includes soy-based savoury chicken burgers, roast turkey burgers, breakfast sausage, Italian sausage an chorizo sausage. As a result of the deal, Before the Butcher will reportedly have …
Bonduelle, a company specializing in processed vegetables, has announced it has acquired the industrial assets of Shock LLC, a frozen vegetable company located in the Belgorod region in Russia. The French firm said the new site’s location in a temperate climate region with particularly fertile soils would accelerate the development of the Bonduelle frozen business in Russia and neighbouring states. Bonduelle has been commercially present in the Russian market through …
Coca-Cola Amatil (CCA), one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region, has announced it has reached a deal to sell the SPC fruit and vegetable processing business to Shepparton Partners, a joint venture between Perma Funds Management and The Eights, for A$40 million ($28 million). CCA originally announced it was putting its SPC unit up for sale last August. Commenting on the deal, CCA group …
Godiva, the leading chocolate firm, has announced the launch of a new line of baking mixes in partnership with the US multinational General Mills. The baking mixes, which will feature Godiva 72% cocoa dark chocolate callets (chocolate chips) will be available in four dessert options – Molten Lava Cakes, Brownie Cheesecake Swirl, Raspberry Chocolate Torte and Flourless Chocolate Torte. With the launch of the line, Godiva said it was expanding …
Brazilian food companies BRF and Marfrig have entered into talks to merge their companies and potentially create one of the world’s largest meat producers, the firms have announced. The companies said the potential merger would help to scale and increase geographical and product diversification, including expanding operations in South America, the US and Middle East, reducing financial leverage and risk exposure. The structure of any combined company has not yet …
French dairy giant Lactalis has announced the acquisition of Italian cheese maker Nuova Castelli, which was majority owned by private equity firm Charterhouse Capital Partners. With the acquisition of Nuova Castelli, Lactalis said it would strengthen its position in Italy where it currently operates 29 production sites and has a workforce of over 5,500 people. Nuova Castelli makes traditional Italian cheese with protected designation of origin (PDO) cerftification, including parmesan, gorgonzola …
JBS USA, a subsidiary of the Brazilian meat-packer and food processor JBS, has announced a $95 million expansion project at its beef production facility in Grand Island, NE. According to a company statement, the expansion of the 107,000 sq ft facility, which is expected to be completed in early 2021, will include new improved animal handling facilities, a state-of-the-art, temperature-controlled harvest floor and facility reconfiguration designed to improve team member …
Golding Farms Foods, a manufacturer of sauces and condiments, has announced the acquisition of Arcobasso Foods, a maker of dressings, sauces and beverage mixes. The company said the deal would allow it to expand its portfolio of private label and branded products and grow its presence locally and nationally. John Frostad, CEO of Golding Farms, said: “Arcobasso Foods is a special company with long-standing relationships and commitments to customers, suppliers, …
Litehouse, a maker of refrigerated salad dressings, has entered into an agreement to acquire Sky Valley Foods, a producer of organic shelf-stable dressings, condiments and sauces for $46 million. With the acquisition, Litehouse said it planned to grow its portfolio with centre-store, clean and organic products, and increase capacity, with the creation of 160 jobs over the next five years, and expand its presence on the East Coast. Litehouse will …
Global confectionery group Ferrero has announced a definitive agreement to acquire a controlling stake in Ice Cream Factory Comaker (ICFC), a Spanish ice cream manufacturer. In a joint press release, Ferrero said the acquisition reinforced its commitment to satisfying consumers’ needs in different categories. ICFC is a global food company specialised in designing and manufacturing ice cream cones, sticks, tubs, lollies and cakes in more than 15 countries. In addition to contract …
Saint Jean, the specialist in fresh pasta and Italian ready meals, is spending €48 million ($54 million) to add a new plant at its production site in Romans-sur-Isere in the Drome department of south-western France, according to a report in Les Echos. The first phase of the project reportedly includes a 7,500 sq m manufacturing facility with six production lines, and a 6,000 sq m logistics operation, due to be operational by late 2020 …
Fonterra, the New Zealand based dairy giant, has announced it is to close its processing plant in Dennington, Australia due to overcapacity and constrained milk supply. The closure of the factory, which is located in the south west of the state of Victoria and currently produces “lower value” products, comes amid “significant changes, including a declining milk pool” in the Australian dairy industry, Fonterra said. Commenting on the news, Fonterra Australia …
Cofresh, which claims to be the UK leader in Indian-style snacks, is investing £20 million ($25. million) in a new factory and warehouse in Nuneaton, UK to keep pace with the expansion of the business, according to a report in the Leicester Mercury. The 18-month investment will allow Cofresh to complement its existing factory in Leicester, and thus split its snack production between two sites. The Leicester factory will continue …
Brasmar, a Portuguese seafood company, has announced it has acquired La Balinesa, a Spanish firm that produces smoked salmon, for an undisclosed sum. The Porto-based firm said the deal would underline its leadership position on the Portuguese market, expand its product range, and strengthen its footprint in Iberia as a whole. La Balinesa is described as a leading company in the manufacture of smoked fish in Spain. Located in the …
B&G Foods, the US owner of food brands such as Green Giant, has announced it is acquiring baking aids business Clabber Girl from Indiana-based wholesale supplier Hulman & Co for an undisclosed sum. The Clabber Girl product range includes baking powder, bicarbonate of soda and cornflour marketed under brands such as Clabber Girl, Rumford, Davis, Hearth Club and Royal. B&G Foods said it expected the acquired business to generate approximately $70 to $75 …
KraftHeinz, the US consumer goods giant, is said to be buying back a plant it previously owned in Utrecht, Netherlands, reportedly over fears the factory was headed for bankruptcy. According to an article in Levensmiddelenkrant (quoting ANP), a trade union leader familiar with the matter said expected growth at the plant had not materialized, and 90 jobs had been under threat. KraftHeinz sold its drinks, bread toppings and breakfast cereal facility in …
Dr. Oetker, the Germany-based food firm, has completed a £30 million ($39 million) upgrade to its pizza manufacturing facility in Leyland, Lancashire, UK, according to a report in Business Lancashire. The site, which manufactures the firm’s Chicago Town and Ristorante pizza lines, has seen a doubling in total capacity with a new production line for the Chicago Town Deep Dish pizzas range. The upgrade also includes new raw materials storage capacity and …
Hershey, the leading US confectionery firm, is investing $104 million to expand a production plant in Augusta County, VA, USA, according to a report in Area Development. Once expanded by 111,000 sq ft, the site will reportedly create 65 new jobs and be able to produce penuche (fudge-like confectionery) and peanut cream for distribution to other Hershey facilities on the US east coast. Commenting on the launch, Susanna Zhu, vice president, …
Tyson Fresh Meats, a subsidiary of meat firm Tyson Foods, is investing almost $300 million to build a new meat production plant in Utah, USA, according to media reports. The new unit, which is to be built in the Salt Lake City area, will reportedly be a 400,000-square-foot case-ready plant which will take large cuts of beef and pork and convert them into steaks, chops, roasts and ground meat for …
Froneri, the ice cream joint venture of Nestle and R&R ice cream, has announced it has agreed to acquire the New Zealand ice cream business Tip Top from global dairy co-operative Fonterra for 380 million NZD ($250 million). The Tip Top name and its operations, including the Auckland based factory site at Mount Wellington will be maintained as part of the deal, Froneri said. Tip Top offers single serve ice …
Hain Celestial, a North American organic and natural products company, has announced that it has entered into a definitive agreement to sell all of its equity interest in Hain Pure Protein Corporation, which includes the FreeBird and Empire Kosher businesses, to investment fund Aterian Investment Partners for $80 million. Empire Kosher is a brand of kosher poultry including processed and unprocessed products as well as deli meats. Meanwhile the FreeBird …
Fazer, the Finnish bakery and confectionery firm, has announced the introduction of a new line of chocolate for the US market under the brand Nordi. Launching into the New York metropolitan area, the Nordi chocolate line is described as being made with 70% cocoa and comprises the varieties Sea Buckthorn & Salty Caramel, Hazelnut and Campsite Coffee, Raspberry & Tangy Licorice, and Smooth and Dark Original. Following its initial launch, …
Hain Celestial, an organic and natural products company with operations in North America, Europe, Asia and the Middle East, has announced that it has completed the divestiture of its WestSoy tofu, seitan and tempeh businesses to Keystone Natural Holdings, a portfolio company of Keystone Capital focusing on plant based food, for an undisclosed sum. Commenting on the deal, Mark L Schiller, Hain Celestial president and CEO, said: “This brand divestiture …
Savencia Fromage & Dairy, a specialist in cheese and value-added dairy ingredients, is set to close its production facility in Saint-Saviol with almost 100 jobs affected, according to reports in the French media. The factory, which Savencia Fromage & Dairy acquired from Lescure in 2013, will reportedly cease operations in October 2019. La Nouvelle Republique reports that the cheesemaker had invested up to €12.5 million ($14.0 million) in the plant …
McCain, the leading frozen potato firm, has announced the acquisition of a 70% stake Serya, a Brazilian food company which manufactures pre-formed potato specialities. Founded in 2015 in the state of Minas Gerais, Serya is described as having new, high technology facilities that allow it to produce a wide range of potato products for the Brazilian market. The firm’s website lists products including potato shapes and ‘noisettes’ with Forno de …
PepsiCo, the global food and drinks giant, has announced plans to invest $4 billion in Mexico between 2019 and 2020, leading to the creation of an estimated 3,000 new jobs. The investment includes $109 million to build what PepsiCo said what would be its first new plant in Mexico in 20 years. The facility, to be located in Guanajato, is scheduled to be operational by 2025 and will strengthen PepsiCo’s …
McCain, the world’s largest producer of frozen potato products, has announced a $300 million investment in its potato processing facility in Othello, WA, USA, saying the move would significantly expand its North American production capacity. The 170,000 sq ft expansion will add another battered and conventional french fry processing line to its production capabilities in the USA and create an anticipated 180 new jobs, McCain said. The additional capacity will …
JBS, the leading Brazil meat firm, is acquiring Rio Grande do Sul based pork processor Adelle for R$235 million ($59.4 million), according to a report in Folho de Sao Paulo. The acquisition, conducted through the JBS subsidiary Seara, includes a pork processing plant located in the city of Seberi. The unit is said to have begun operations in 2015. Commenting on the move, JBS said the acquisition of Adelle would …
Post, a packaged goods company focused on breakfast foods, has announced that it has agreed to acquire the private label ready-to-eat cereal business of TreeHouse Foods for an undisclosed sum. Post described the acquired unit as a leading private label cereal manufacturer with wide-ranging cereal production capabilities across two facilities, serving a diverse set of customers across retail channels. “The ready-to-eat cereal category represents nearly $9 billion in revenue at …
Kameda Seika, a Japanese snack firm, is forming a joint venture with LT Foods to produce its flagship crispy rice cracker in the northern Indian state of Haryana, according to a report in the Japan Times. LT Foods is described as a leading local food maker engaged in the milling, processing and marketing of branded and non-branded basmati rice, as well as the manufacturing of rice-based products for its domestic …
Easton Pharmaceuticals, a healthcare firm based in Ontario, Canada, has announced it has completed its acquisition of bakery firm Supreme Sweets in a cash and stock deal. Supreme Sweets operates a 40,000 sq ft facility in Toronto, where it produces traditional baked goods, including gluten-free and keto products, which it supplies to major grocery chains in North America, as well as specialty coffee chains, both under its own brands and …
Mondelez, the US confectionery, food, and beverage multinational, has announced that it has made a minority investment in Hu Master Holdings, the owner of both Hu Products and Hu Kitchen, described as a fast-growing US-based snacking company. Hu is described as making minimally-processed, paleo-inspired foods with simple, real ingredients and was created by siblings Jason H Karp, Jordan Brown and Jessica Karp in 2012. The firm’s product line includes chocolate, …
Cacique, self-styled as the leading maker of authentic Mexican style cheeses, cremas, and chorizos in the US, has announced the acquisition of specialist salsa firm El Sol Foods for an undisclosed sum. El Sol Foods’ salsas are described as being “handcrafted with fresh produce” using a small batch, cold process for “homemade, authentic Mexican flavors”. Newly marketed under the Cacique brand, the product will be available in nine varieties, including …
Saputo, a Canadian dairy company, has announced that it has entered into an agreement to acquire the specialty cheese business of Lion Australia for A$280 million ($197 million). The deal is said to include all of Lion Australia’s specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm and Australian Gold, as well as cheese manufacturing assets at Burnie (The Heritage) and King Island (King …
Dr. Oetker, the leading food multinational, has acquired a majority stake in Magioni, a start-up firm specializing in plant-based pizzas, according to a report in Levensmiddelenkrant. The Magioni product range includes brightly-coloured pizza bases made from cauliflower, beetroot, courgette and pumpkin, which are said to be produced and stretched by hand. As well as prepared pizza bases, Magioni makes ready-prepared pizzas in vegetarian varieties such as Margherita and Funghi, and …
Cristal Union, the number two sugar firm in France, has announced plans to close two facilities in response to oversupply and falling prices in the sugar market. Usine Nouvelle reports the firm, which markets the Daddy brand, is to shutter its plants in Toury, Eure et Loir and Bourdon in Auvergne, with more than 300 jobs affected. It is also said to be considering reducing activities at its Erstein packaging site …
Delverde, an Italian food company specialising in premium-positioned pasta, has been acquired by Italian food company Newlat, according to reports in ESM and Il Sole 24 Ore. Delverde is being acquired from leading Argentine food firm Molinos Rio de la Plata for €9.25 million ($10.45 million), reportedly as part of Newlat’s strategy of acquiring historic Italian food brands from overseas multinationals. Based in Fara San Martino in Italy’s Abruzzo region, …
Central Valley Meat, a meat processor founded in 1993, has announced it is to acquire beef firm Harris Ranch, comprising Harris Feeding Company and Harris Ranch Beef Company, for an undisclosed sum. Harris Ranch Beef is described as California’s largest beef producer and the largest ranch on the west coast of the United States. Its retail product lineup includes fresh beef, mince, patties, speciality beef and ready meals. Under the agreement, …
Campbell Soup, a US producer of canned soups and related products, has announced that it has agreed to sell its organic foods division Bolthouse Farms to an affiliate of private equity fund Butterfly Equity for $510 million. Acquired in August 2012, Bolthouse Farms employs around 2,200 staff and is a leading producer of organic beverages, dressings and carrots with a base in Santa Monica, California. Its new owner, Butterfly Equity, …
New World Foods, an Australian-based meat jerky firm, has acquired UK peer Meatsnacks Group for an undisclosed sum, according to a Just Food report. New World Foods markets the Mariani and Local Legends brands of meat jerky in its native Australia, as well as Japan, South Korea and the UK through channels including supermarkets, food retailers, duty free outlets and convenience stores. Meanwhile, the Meatsnacks Group portfolio includes Wild West beef …
The latest innovation insight from Gama Compass MANCHESTER – 15th April 2019: For this month’s Innovation Insight, we look at the rise of ‘two in one’ concepts in the bakery category. Under the spotlight is a recent launch from Fox’s Biscuits that aims to add distinctive ‘double flavour’ variety to the biscuit aisles – Fox’s Double Dough Biscuits. Newly launched in the UK, Fox’s Double Dough Biscuits aim to “shake up …
Dutch food business Wessanen, the owner of brands such as Kallo, Whole Earth, Bjorg and Mrs Crimble’s, has announced it has been acquired by a consortium comprising the private equity firm PAI Partners and Charles Jobson (Wessanen’s largest shareholder) for a total consideration of around €885 million ($996 million). The acquisition will enable Wessanen to continue to invest in initiatives in order to maintain its position as a leader in …
Granarolo, an Italian dairy company based in Bologna, has announced it is acquired a majority stake in Venchiaredo, a specialist maker of stracchino cheese. Founded in 1968, Venchiaredo has a product range that includes Venchiaredo stracchino cheese, Friulan stracchino, and Venciaredo Fresh. The company reported turnover of €26.9 million ($30.42 million) in 2018, up 18% on the year before. The deal sees Granarolo increase its stake Venchiaredo from 24% to …
Taylor Farms, a maker of salads and fresh foods, has acquired US organic salad business brand Earthbound Farm from international dairy giant Danone for an undisclosed sum. Earthbound Farm is described as the largest producer of organic salads in the US and had annual sales of around $400 million in 2018. In a statement, Taylor Farms said: “We are grateful for Danone’s stewardship of Earthbound Farm during the past two …
Unilever, the Anglo-Dutch consumer goods giant, is set to expand its Carte D’Or range in the UK with the launch of new layered ice creams featuring cake and biscuit pieces. Said to be backed by a marketing investment of £3 million ($3.9 million), the new range comes in the varieties Brownie and Vanilla, Sea Salted Caramel and Raspberry Cheesecake, priced at £3.99 ($5.22) for a 430ml tub. The Raspberry Cheesecake …
Fairlife, the dairy firm formed as a joint venture between Coca-Cola and Select Milk Partners, has announced plans to expand its manufacturing capacity by building a new production and distribution facility in Goodyear, AZ with a $200+ million investment. The firm said the 300,000 sq ft plant, which is set to begin operations in 2020, would enable increased production of all Fairlife products, including the different varieties of Fairlife ultra-filtered …
Maple Leaf Foods has revealed plans to build a plant-based protein food processing factory in Shelbyville, Indiana with a $310 million investment. At approximately 230,000 sq ft, the new plant will be the largest facility and investment of its kind in North America, the company said in a press release. Maple Leaf Foods added that the facility would produce plant-based tempeh, franks, sausages and raw foods, including the recently launched …
Tulip, the meat firm owned by Danish Crown, is set to invest £2.3 million ($3 million) to upgrade a production facility in Ruskington, UK in response to increased demand for its snack products, according to reports in FoodBev and the Sleaford Standard. Tulip said the investment would allow the creation of a new “specialist snacking site” for niche products and would also add capacity for higher-volume lines. It reported having …
Bubs Australia, a goat milk products manufacturer, has agreed to acquire infant formula producer Australia Deloraine Dairy for a consideration including A$25 million ($17.8 million) in cash and A$10 million ($7.1 million) in shares, according to a FoodBev report. Australia Deloraine Dairy is a multinational food company predominately involved in manufacturing and marketing dairy, staple and natural foods. Its Melbourne facility is said to have the capacity to process 10 …
German milk processor Deutsches Milchkontor has announced a deal to acquire baby food producer Alete as part of a business “realignment and restructuring” process. The acquisition includes the brands, as well as sales and distribution channels, of Alete GmbH and German Babyfood GmbH. DMK described the deal as “very important”, since it is currently investing approximately €145 million in a complete renovation of a site in Struckhausen (Lower Saxony) to …
Emmi, a Swiss dairy company, is expanding its business with the acquisition of a 66% stake in Austrian milk processor Leeb Biomilch. Founded in 2001, Leeb Biomilch has established a leading position in Europe for organic goat’s and sheep’s milk products in fresh and UHT milk, milk drinks and yogurt. The firm also offers vegan products made from almonds, coconuts and oats under the MyLove-MyLife brand. It has 50 employees …
Kellogg, the leading US cereal and snacks firm, has announced it has reached an agreement to sell selected biscuit, fruit and fruit-flavored snack, pie crust, and ice cream cone businesses to confectionery firm Ferrero in an all-cash transaction valued at $1.3 billion. The transaction includes Kellogg’s biscuit business, including brands like Keebler, Mother’s, Famous Amos, Murray’s, and Murray’s Sugar Free, as well as biscuits manufactured for Girl Scouts of the USA. At the operational level, it includes …
Insight by Gama Compass MANCHESTER – 1st April 2019: Hot and spicy flavours are maintaining their popularity in new food launches, while recent years have also seen the concept of “extreme” heat take hold in a number of categories. In this month’s Insight By Gama Compass we look at how hot and spicy flavours are impacting different areas of the food sector, as well as some of the new and unusual …
Huercasa, a Spanish producer and trader of processed, ready-to-eat products, is planning to open a new factory in Romania to supply products to its operations in Germany, Poland and other Eastern Europe markets. The new plant is being built on a 200,000 sq m plot in Calarasi, in the Valaquia region, 150km from the Romanian capital Bucharest. According to Diario de Valladolid, the planned spend is in the order of …
Chinese dairy firm Yili has announced that it is set to acquire New Zealand’s Westland Milk Products, a New Zealand dairy firm, via its subsidiary Hongkong Jingang Trade Holding for an enterprise value of 588 million NZD ($400 million). Westland Milk Products manufactures a range of dairy products and ingredients for foodservice, industrial and retail clients. Its retail lineup includes Westgold butter and UHT milk, and the make-at-home yoghurt brand …
Nestle, the Switzerland-based consumer goods giant, has announced an expansion of its research and technology activities in China with the inauguration of a new research & development centre in Beijing and a system technology hub in Shenzhen. In a statement, Nestle said the new R&D centre would enable it to accelerate trend-based innovation in China to meet fast-changing consumer demand. The site, accommodating over 40 R&D specialists with expertise in …
Consumer goods giant Unilever has extended its Marmite yeast extract brand into a new category in the UK with the launch of Marmite Peanut Butter. According to Unilever, Marmite Peanut Butter “retains the umami taste of Marmite, but mingles these classic flavours with the smooth and salty flavour of peanut butter to create a delightfully savoury blend”. The new launch is said to feature the “recognisable brand colours” of Marmite …
Kroger, the US supermarket chain, has announced it has divested its Turkey Hill division to an affiliate of investment fund Peak Rock Capital for an undisclosed sum. Turkey Hill produces iced teas, fruit drinks, milk, frozen dairy desserts and a variety of ice cream products at adedicated manufacturing and distribution facility. As part of the sale agreement, the Peak Rock Capital affiliate will continue to operate the Turkey Hill business out …
Italian coffee giant Illy is acquiring the UK chocolate maker Prestat as it seeks to expand its presence in the gourmet food sector, according to reports in Comunicaffe and Reuters. Illy said that Prestat could partner with Domori, a premium chocolate giant acquired by the Italian firm in 2006. Producing a range of predominantly gifting chocolate, with an emphasis on chocolate truffles, Prestat reported sales of £7 million ($9.3 million) last year …
FrieslandCampina, the Dutch dairy producer, has announced that it is exploring options to build a “sustainable and innovative” dairy processing plant in the Netherlands. The company said the plant was intended for the manufacture of fresh dairy products and ingredients used for the production of early life and adult nutrition, as well as cheese, adding that it would be built “according to the latest insights in the area of technology and …
McCain, the Canada-based frozen potato firm, is expanding its french fry chip manufacturing site in Smithton, Australia through a A$40 million ($28.3 million) investment, according to Australian media reports. Tasmania Talks reports that, following the upgrade, Smithton will become McCain’s main french-fry production facility in Australia and New Zealand. As a result of the investment, McCain will be capable of manufacturing 25 new retail products and providing additional capacity across …
Mars, the US-based food giant, has announced the launch of a new accelerator which aims to “help early stage food-focused companies fast-track growth”. Launched as Seeds of Change – named after the Mars Food organic seed and food brand – the accelerator will focus on start-up food brands, innovative experiential offerings, new business models, and emerging technology, selecting six US and four Australian participants to develop their business. Chosen companies will take part in a four-month mentorship program with …
Lancashire Farm, a UK dairy firm, has invested £3.5 million ($4.6 million) in a new production plant at its site in Rochdale, UK to increase capacity for yoghurt products, according to a report in Rochdale Online. The investment has led to the creation of a 70,000 sq ft plant with increased capacity and capability in terms of milk intake, processing, filling and storage, and will reportedly increase the amount of …
Intersnack, the leading German snacking firm, is considering closing its Largo Foods popcorn factory in Barnsley, UK, operated by its UK subsidiary KP Snacks, according to a report in Insider Media. The move would see production transfer to the firm’s nearby Butterkist facility in Pontefract. KP Snacks managing director Mark Duffy said the decision to move production was due to over-capacity across the firm’s popcorn manufacturing base. “The Largo Foods UK …
Campbell Soup, the US food business, has announced it is selling its Garden Fresh Gourmet business to an affiliate pf Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pates, and frozen desserts, for an undisclosed sum. Campbell Soup bought Garden Fresh Gourmet in 2015, at the time bidding to expand in packaged fresh and organic foods. The sale forms part of Campbell’s Soup strategy, announced …
Saputo, the Canadian dairy giant, has announced it has reached an agreement to acquire its UK peer Dairy Crest in a deal worth around £975 million ($1.28 billion). Headquartered in the UK, Dairy Crest manufactures and markets cheese, butter, spreads and oils under leading brands such as Cathedral City, Clover, Country Life and Frylight, and also produces value-added dairy ingredients. It employs approximately 1,100 people in seven locations across the UK and generated £456.8 million ($600.5 …
Italian retail store chain Esselunga has launched a new line of products under the CheJoy brand name, which are targeted at children from the age of four. Created in partnership with Walt Disney, the products feature Disney characters such as Mickey Mouse, Minnie Mouse and Donald Duck, as well as characters from the Frozen, Star Wars and Spider-Man film series. The range is described as featuring options for breakfast, meals …
Brazilian snack manufacturer Milho de Ouro has begun operations at a new plant in the city of Embu das Artes, in the metropolitan region of Sao Paulo, according to a report in Newtrade. The plant has been designed exclusively for the Tira Teima brand of flavoured wheat snacks, in a facility said to be equipped with state-of-the-art machinery. The new unit has the capacity to process almost 900 tons of …
General Mills, the US food giant, has announced it intends to close its yoghurt factory in Carson, CA, USA as part of a restructure of its manufacturing operations. In a filing with the United States Securities and Exchange Commission, General Mills said the move formed part of “actions to drive efficiencies in targeted areas of our global supply chain by consolidating production and optimizing our labor, logistics and manufacturing platforms”. …
Nestle, the consumer goods giant, has revealed it intends to “explore strategic options” for its Herta charcuterie (cold cuts and meat-based products) business, with a view to a potential sale. Announcing the move alongside its financial results for 2018, Nestle said the decision was “a further step in positioning the portfolio towards attractive high-growth categories”. Recent times have seen the Swiss firm shifting its business towards ‘better for you’ segments, such …
Leading US mushroom producer and supplier South Mill Champs is entering in the snack category by launching a mushroom-based snack. Launched under the Shrooms brand name, the new range consists of four lines in a total of 14 different flavours, all containing mushroom as their main ingredient: Shrooms Crispy Mushrooms, Shrooms Mushroom Jerky, Shrooms Splits Jerky and Shrooms Snack Bar. South Mill Champs described mushrooms as a “functional superfood” containing …
Leading beef, pork and prepared foods firm JBS has announced a $20 million investment to expand its Plumrose facility in Ottumwa (IA) to meet growing demand for bacon among retail and foodservice customers. The expansion is said to also include bacon processing and equipment upgrades, including new state-of-the-art slicing equipment. Commenting on the investment, Plumrose USA president Tom Lopez said: “Today’s announcement demonstrates our continued commitment to the Ottumwa community …
Tayto, the UK’s third largest snacks firm, has signed a deal to acquire “grab and go” snack firm Bite UK, according to media reports. The joint venture, to be called Bite UK Snacks, will reportedly focus on “healthy snacking” and will see Bite UK’s flagship Pure Bite brand distributed throughout Tayto’s network. The Pure Bite range includes Strawberry & Gojiberry and Blueberry & Cranberry Popped Rice Clusters, Almond and Hot …
Danone, the global dairy firm, has unveiled a new facility for the manufacture of plant-based foods at its site in Dubois, PA, USA, according to FoodBev and Food Business News reports. The multi-million dollar investment will see products under brands such as Silk, So Delicious and Vega manufactured in a dedicated facility. Danone has previously stated its intention to triple the size of its plant-based business by 2025, setting a …
Clover Industries, the leading South African dairy firm, is the subject of a buyout bid by a multinational consortium, according to media reports. The bid, which values the company at 4.8 billion ZAR ($359 million), is being led by Israels’s Coca-Cola franchise Central Bottling Co, which owns 60% of the potential acquirer. Other partners include the South African investment firm Brimstone Investment. It is reported that, if the bid is …
Burton’s Biscuit, the UK bakery firm behind brands such as Maryland and Wagon Wheels, has announced the acquisition of Dorset-based biscuit firm Thomas Fudge’s for an undisclosed sum. Founded in 1916, Thomas Fudge’s focuses on “indulgent” sweet and savoury biscuits, producing lines such as florentines, flapjacks, biscuits for cheese, wafers and flatbreads. In a statement, Burton’s Biscuit described the premium sector as one of the fastest-growing in the biscuit category, …
Saco, a distributor of specialty consumer packaged goods, has announced it is to acquire leading sun-dried tomato business California Sun Dry for an undisclosed sum. California Sun Dry has a comprehensive product portfolio of jarred and bagged sun-dried tomato products, as well as related products such as tomato spread and pesto, and enjoys the number one market share position in the US sun-dried tomato category. Saco said the acquisition would help …
Katjes, the German sugar confectionery firm, is making its debut in the chocolate category with the launch of Katjes Chocjes, a vegan chocolate bar made using oat milk instead of cow’s milk. According to a report in Horizont, the new Katjes line is intended to have a focus on sustainability. The cocoa used in the bar is described as UTZ certified, while the paper wrapping is claimed to have FSC certificaton. Due to …
Portuguese coffee firm Delta Cafes has entered the snack bar business with the launch of a energy-boosting cereal bar that contains caffeine. Branded as Croffee, the cereal bar is said to be “healthy, satiating and stimulating” and comes in a brown-coloured wrapper bearing images of coffee beans. Each bar is said to contain caffeine content equivalent to one espresso coffee, and is claimed to be source of fibre and to contain …
Australian pie and pastry firm Patties Foods has acquired Simplot’s facility at Pakenham in Victoria, Australia, according to a Food and Drink Business report. The move follows Simplot’s exit from the frozen meals category last August leading to the closure of their Pakenham facility, where the company manufactured Nestle’s Lean Cuisine range. Patties Foods is also said to have closed a multi-year contract to produce Leggo’s pasta products for Simplot …
Dairy giant Lactalis is expanding its presence in the Middle East with the acqusition of milk and cheese firm Greenfield from Kuwaiti restaurant and foods business Americana Group. The French firm said the acquisition will strengthen the position of its Lactalis Halawa joint venture as a major producer of dairy products in Egypt, and demonstrated its interest in developing the Egyptian market. Founded in 1995, Greenfield owns 5 factories in Egypt and employs 1,250 …
Molinos Rio De La Plata, the leading Argentine food firm, has announced the acquisition of the La Saltena pasta and dough brand from US food giant General Mills. Describing La Saltena as a brand with a “great tradition” in the lives of Argentinian families, Molinos Rio De La Plata said its aim was to develop awareness of the brand in every household in the country. La Saltena offers fresh pasta as …
Lactalis, the French dairy giant, has announced it has acquired the Indian milk processor Prabhat Dairy, with the operation set to be effective at the beginning of the second quarter of 2019. Economic Times reports that Lactalis paid about 1,700 crore INR ($283 million) through a slump sale, and that the deal includes Prabhat Dairy’s milk processing business as well as its subsidiary Sunfresh Agro Industries. Established in 1998 in Shrirampur, Maharashtra, Prabhat Dairy …