Carrefour, the leading French supermarket chain, has announced it has entered into an agreement with Spanish peer El Corte Ingles to acquire 47 stores under the SuperCor banner. The stores involved in the transaction are located mainly in the Madrid, Catalonia, Andalucia and Comunidad Valenciana regions, and have an enterprise value of €60 million ($62.1 million). In a press release, the company said the acquisition would strengthen its geographical presence …
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Mergers & Acquisitions
Swiss FMCG giant Nestle has announced the acquisition of a majority stake in Brazilian chocolate manufacturer Grupo CRM from investment fund Advent International. Grupo CRM is described as operating a successful direct-to-consumer business, with over 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a growing online presence. Commenting on the acquisition, Nestle Brasil CEO Marcelo Melchior said: “We understand that we have a great opportunity to accelerate …
JM Smucker, a US-based food and beverage company has announced the acquisition of Hostess Brands, a long-established US bakery firm, “to accelerate focus on convenient consumer occasions”. Hostess Brands is a Kansas-based company that markets products under brands such as Hostess, Donettes, Twinkies, CupCakes, Ding Dongs, Zingers, CoffeeCakes, HoHos, and Voortman cookies and wafers. The acquisition includes the brand portfolio along with six production facilities, a distribution centre, and 3,000 …
Kellogg, the leading cereal and snack maker, has moved a step closer to separating into two distinct business after the proposal was rubber-stamped by the company’s board. Upon completion on 2nd October, Kellogg will be renamed Kellanova and will continue to trade on the New York Stock Exchange under the ticker symbol “K”, while the spun-off WK Kellogg Co is expected to begin trading on the NYSE under the ticker symbol …
E.l.f. Beauty, the US cosmetics maker, has announced it has signed an agreement to acquire drugstore skincare brand Naturium for $355 million in a combination of cash and stock. Naturium, which was launched in 2019 by brand accelerator The Center, claims to unlocks the benefits of natural botanicals and powerful actives with innovative technology. Its best-selling products include The Glow Getter Multi-Oil Hydrating Body Wash, Vitamin C Complex Serum and …
Aldi, the Germany-based retail chain, has announced an expansion of its footprint in the US with the acquisition of the Winn-Dixie and Harveys chains as part of as part of a larger divestiture of Southeastern Grocers. The deal includes 400 Winn-Dixie and Harveys stores in Alabama, Florida, Georgia, Louisiana, and Mississippi, making up 75% of the two chains’ grocery outlets. In a press release, the company said some locations would …
Tilray Brands, a US pharmaceutical and FMCG firm, has announced it has acquired eight beer and energy drink brands from multinational brewer AB InBev in a deal worth $85 million. The acquisition of the Shock Top, Breckenridge Brewery, Blue Point Brewing, 10 Barrel Brewing, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider and HiBall Energy brands includes four production facilities in Oregon, Colorado, and New York, as well as the …
US-based multinational brewer Molson Coors is continuing to diversify beyond the beer space with the acquisition of Blue Run Spirits, a bourbon and rye whiskey producer, for an undisclosed sum. With the acquisition, the firm’s first in the spirits category, the company said it would expand its portfolio and offering a more premium range of products. The deal will more than double the size of Molson Coors’ spirits team and …
Campbell Soup, the US foods manufacturer, has announced the acquisition of Sovos Brands, a fellow packaged food company, in a deal worth around $2.7 billion. Sovos Brands offers a variety of # products including pasta sauces, dry pasta, soups, frozen meals, frozen pizza, and yohgurts under the brand names Rao’s, Michael Angelo’s and noosa. The firm generated $837 million in annual sales in calendar year 2022, and achieved 28% compound …
Coca-Cola Europacific Partners plc has announced that, together with Aboitiz Equity Ventures Inc., the companies have entered into a letter of intent to purchase Coca-Cola Beverages Philippines, Inc. According to a press release by Coca-Cola Europacific Partners, the two companies have agreed and signed a non-binding Term Sheet to purchase Coca-Cola Beverages Philippines for $1.8 billion, with Coca-Cola Europacific Partners as majority owner (60%) and Aboitiz Equity Ventures with a …
Kommunity Brew, a Western Australian functional beverage company, has acquired Melbourne’s Cool Cool Beverage Company (CCBC). The acquisition will add the Sips Sparkling and Liberty Kombucha brands to Kommunity Brew’s portfolio and opens up immediate export opportunities for the company via Sips Sparkling’s shelf-stable product range. “The integration of CCBC into our business is a major milestone in the evolution of Kommunity Brew, putting us in a strong position to …
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of dessert manufacturer Marie Morin Canada for an undisclosed sum. With the transaction, Lactalis Canada will enter the dessert category in the Canadian and US markets. The acquisition includes a production facility of premium desserts in Saint-Bruno-de-Montarville, Québec and 52 employees who will join Lactalis Canada’s workforce. “We are delighted to add Marie Morin Canada and its …
French multinational retail group Auchan has announced the acquisition of Grupo Dia’s operation in Portugal, where the company currently operates 489 stores. According to sources, the deal includes all 489 stores under the Minipreco and Mais Perto banners, three warehouses, licenses and assets necessary for the operation. In addition, the agreement guarantees the integration of 2,650 Minipreco employees. Martín Tolcachir, global executive president of Grupo Dia commented: “Our goal is …
Plant-based company Livekindly Collective (LKC) has announced the acquisition of Alpha Foods a company specialized in frozen plant-based meals. The acquisition will allow LKC to increase its footprint in the US market. Alpha Foods is a California-based manufacturer of frozen plant-based meals such us burritos, breakfast sandwiches, chicken nuggets, patties, chicken strips, and wraps, among all products. Commenting on the acquisition, LiveKindly CEO David Knopf said: “LIVEKINDLY Collective is the …
Seviroli Foods, a US food processor owned by Mill Point Capital, has announced the acquisition of Mama Rosie’s, a family-owned manufacturer of frozen pasta products, in order to broaden its portfolio, scale up the business and diversify its customer base. Mama Rosie’s supplies customers in the northeastern US with speciality filled and non-filled frozen pasta, produced in Charlestown and Woburn (MA). Seviroli Foods produces various pasta items, including ravioli, tortellini, …
Ferrara, the leading US sugar confectionery manufacturer and Ferrero subsidiary, has announced it has signed an agreement to acquire Dori Alimentos, a Brazilian sweets and snacks manufacturer, through its holding company CTH. Dori Alimentos is a family-controlled company backed by an affiliate of ACON Investments with a brand portfolio that includes Dori, Pettiz, Jubes, Gomets, Deliket, Disqueti, Yogurte 100, and Bolete, Commenting on the acquisition, Ferrara CEO Marco Capurso said: …
Private equity firm Brynwood Partners has announced the acquisition of the Marie’s and Dean’s Dip brands from Ventura Foods via its newly-formed portfolio company West Madison Foods. Marie’s is a brand of salad dressings, dips and spreads, and is said to have a strong position in the refrigerated salad dressing space. Dean’s Dip is described as being universally known for its French Onion, Ranch and Guacamole dips. West Madison Foods …
Theo Chocolate, a US chocolate maker, has announced it is planning to merge with confectionery firm American Licorice Co in order to restructure its operations, which will result in the closure of its Seattle factory and a reduction in staff headcount. In its 18 years of operation, Theo Chocolate said it had transformed from a local Seattle-based company into a nationally-distributed brand. It will join American Licorice Co’s portfolio of …
Global retail giant Carrefour has entered into an agreement to acquire the Cora and Match banners in France from Louis Delhaize. Cora and Match operate 60 hypermarkets and 115 supermarkets and have a workforce of around 24,000. Carrefour said the acquired stores would complement it geographically, especially in eastern and northern France, where it currently has limited presence. The transaction includes acquiring real estate for 55 hypermarkets and 77 supermarkets. …
Mars, the leading food multinational, has signed an agreement to acquire Kevin’s Natural Foods, a manufacturer of sous-vide meals, sides and sauces, to bolster its Mars Food & Nutrition segment. Kevin’s Natural Foods is described as a maker of chef-inspired meals using whole foods and simple ingredients. The product ranges are described as being free from refined sugar, artificial ingredients, grains, soy, antibiotics and hormones. Commenting on the acquisition, Mars …
Emmi, the leading multinational dairy firm, has announced it is selling Glaserne Molkerei, a producer of organic dairy products from north-eastern Germany, to private equity firm Mutares. Emmi first invested in Glaserne Molkerei in 2012 and fully acquired the business in 2016. The German firm generates around €100 million (S110 million) in revenue from a range of products, including milk, butter, yoghurt, buttermilk and cheese. “The transaction is consistent with …
Monster, the leading US energy drinks company, has announced it has reached an agreement to acquire Vital Pharmaceuticals, owner of the Bang Energy brand, after the latter declared bankruptcy. In a statement, Monster said it would acquire Bang Energy’s performance beverages and related Bang Energy businesses through the purchase of substantially all of Bang Energy’s assets, reportedly valued at $362 million, under an Asset Purchase Agreement. The agreement is said …
Gourmet Italian Food, a diversified food manufacturer, has announced the acquisition of Firma Italia, an Italian producer of dried ready meals. Firma Italia was founded in 1995 by Silvano and Mario Birolo and produces a wide range of ready meals, including pasta, risotto, soup, sauces and ethnic meals. Gourmet Italian Food was founded in 2021 by Alcedo SGR and FVS SGR, combining the former’s Eurochef business and the latter’s La …
Royal Unibrew, the Danish brewing and beverage company, has signed an agreement to acquire non-alcoholic drinks firm Vrumona from Heineken in a deal worth €300 million ($315 million). Vrumona is a Dutch soft drinks company with a brand range including Royal Club, Sisi, Sourcy, as well as being a bottler for partner brands such as 7 Up, Pepsi and Rivella. Vrumona’s seven production lines at its factory in Bunnik produce …
Comvita, a New Zealand based manufacturer of honey has announced the acquisition of HoneyWorld, Singapore’s largest manuka honey retailer for 8.5 million SGD ($6.33 million). The acquisition follows Comvita’s recent partnership with Ole Supermarkets, a Chinese retail chain, in a bid to expand its presence in the Asian market. Commenting on the acquisition, Comvita CEO David Banfield said: “This agreement represents a highly strategic opportunity for Comvita to acquire a …
Nature’s Path, an organic breakfast and snack food company, has announced the acquisition of Love Child Organics, a Canadian organic baby food and children’s snack brand. Reportedly started from homemade recipes, Love Child Organics is touted as having been created on the promise of delivering “truly healthy, clean and organic” baby and children’s food products. The deal “strategically positions the company in the flourishing baby food market”, the company relayed …
Coca-Cola HBC, the Swiss-based soft drinks bottler, has announced it has reached an agreement to acquire to acquire Brown-Forman Finland, owner of the Finlandia vodka brand, for $220 million. The company said the acquisition would strengthen its portfolio across more of its markets, enhancing its position as a leading 24/7 beverage partner through mixability opportunities with non-alcoholic products and partnerships with customers in Horeca channels. Finlandia was established in 1970 …
ITG Brands, a subsidiary of global tobacco and nicotine business Imperial Brands, has announced the acquisition of a nicotine pouch range from Canadian manufacturer TJP Labs to aid its entry into the modern US oral market. In a statement, ITG Brands, which currently produces a range of cigarettes, cigars and vapour products, said it had acquired a 14-strong range that has performed well in consumer testing. Imperial Brands currently offers …
Grupo Apex, a leader in the Spanish snacks market, has announced the acquisition of Patatas Fritas Santo Reino, a manufacturer and distributor of traditional crisps and other salty snacks. The acquisition will give Grupo Apex its eighth factory in Spain and expand the company’s manufacturing presence to the Andalusia region. “The acquisition allow Grupo Apex will […] improv[e] the Group’s coverage throughout the national territory, which will in turn improce …
Unilever, the multinational consumer goods giant, has announced that the company has reached an agreement to acquire Yasso, a US frozen greek yogurt brand. Yasso offers a range of convenient frozen snacks, including novelty stick bars, chocolate crunch bars, frozen greek yogurt sandwiches and mochi. Commenting on the acquisition, Matt Close, president ice cream at Unilever, said: “I am delighted to welcome Yasso to the Unilever family. It has built …
Sunderstorm, the US consumer cannabis company, has announced the acquisition of Abide Brands, a Nevada-based e-cigarette specialist, for an undisclosed sum. Abide Brands is the maker of Bounti, which is is described as one of Nevada’s top-selling vape brands It focuses on “artisanal blends” which have reportedly quickly gained a loyal base of “discerning” consumers. Sunderstorm makes and sells edible products including Kanha, a brand of CBD gummies that is …
Corby, the Canadian affiliate of wine and spirits multinational Pernod Ricard, has announced that it has signed an agreement to acquire 90% of Ace Beverage Group (ABG), a manufacturer of ready-to-drink alcoholic beverages, for C$148.5 million ($111.8 million). The acquisition will add the Cottage Springs, Ace Hill, Cabana Coast, Liberty Village Beverage and Good Vines brands to Corby’s portfolio. Commenting on the detail, Nicolas Krantz, Corby president and CEO said: …
Indian instant coffee maker CCL Products has acquired the Percol, Rocket Fuel, Plantation Wharf, The London Blend, Perk Up and Percol Fusion brands from Food Brands Group, a subsidiary of Swedish coffee firm Lofbergs, for £0.55 million ($0.69. million), according to a report in the Free Press Journal. The deal will give CCL Products access to major supermarkets in the UK, with the Percol brand range available in chains such as …
Dharampal Satyapal Group (DS Group), an Indian conglomerate, has announced the acquisition of The Good Stuff, owner of confectionery brand LuvIt, for an undisclosed amount. The LuvIt brands includes milk chocolate, chocolate-coated wafers, fruit and chocolate-flavoured lollipops, eclairs, sugar-panned chocolates and chocolate snacks. Commenting on the deal, DS Group vice chairman Rajiv Kumar said: “DS Group has been focusing on increasing its presence in the confectionary segment for the last …
Paramount Retail Group (PRG), a UK owner of pet care and food brands, is acquiring all the assets of upscale chocolate maker Montezuma’s, according to a FoodBev report. Commenting on the deal, Ravi Sharma, executive director at PRG, said: “The purchase of Montezuma’s will strengthen our confectionery division offering instant synergies with our existing brands and manufacturing facilities ‘Bristow’s of Devon’, giving a strong presence in hard-boiled, fudge, toffee, and …
E & J Gallo Winery, a US producer of wine, spirits and flavoured alcoholic beverages, has announced the acquisition of Bev, a California-based drinks brand that produces canned wines. In a statement, E & J Gallo Winery said Bev was founded “to inspire kinder, more inclusive fun in drinking culture at large” and to “creat[e] a voice for women” in the alcoholic drinks industry. The acquisition will add Bev Rose, …
Flagstone Foods, one of the largest manufacturers and distributors of private label snacks and trail mixes in the US, has announced the acquisition of nut specialist Emerald Nuts from Campbell Soup. Emerald Nuts operates plants in North Carolina, Texas and Alabama, processing a varied assortment of nuts, including almonds, pecans, walnuts, cashews, peanuts, and mixed nuts in a range of flavours. It is said to be particularly known for ‘grab-and-go’ …
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of a 51% stake in Lotus Chocolate for 74 crore INR ($8.95 million). Lotus Chocolate is a global manufacturer of chocolates and cocoa products, with a fully integrated manufacturing facility that supplies both businesses and consumers. Its brands in the consumer space include Chuckles, Superr Carr, On & On, Kajoos, Milky Punch and …
Greenyard, the leading Belgian fruit and vegetable processor, has announced it has acquired Gigi Gelato, a start-up firm based in the Netherlands that produces dairy-free Italian-style ice cream. Gigi Gelato, which is in sold in European markets, is a pure-plant product that provides an answer to today’s consumer search for healthier alternatives in indulgence products like ice-cream, Greenyard said in a statement. The product is currently availabe in Strawberry Blueberry …
MGP Ingredients, a leading provider of distilled spirits, branded spirits, and food ingredient solutions, has announced that its subsidiary Luxco has reached an agreement to purchase Penelope Bourbon and its assets. In a press release, MGP Ingredients said the deal includes a portfolio of high-quality whiskeys in the premium plus price tiers, as well as intellectual property and inventory. David Colo, president and CEO of MGP Ingredients, commented: “We are …
Italian firm Sofidel, one of the world’s leading manufacturers of household paper products, has announced the acquisition of German peer Hakle for an undisclosed sum. In a press release, Sofidel said it was acquiring the toilet tissue brand Hakle, the moist tissue brand Hakle Feucht, and the kitchen towel brands Dick & Durstig and Servus, as well as their respective intellectual property rights and domains. Commenting on the acquisition, Philippe …
Japanese brewer Kirin has announced the acquisition of Blackmores, an Australian vitamin and supplement producer, in a deal worth $1.2 billion. According to a Reuters report, the deal will enable Kirin to further diversify its portfolio. While alcoholic beverages comprise around half of Kirin’s sales, the company also has a health sciences division which the Blackmores acquisition is intended to complement. The Blackmores product range includes vitamins, dietary supplements and …
US-based food and beverage company JM Smucker has announced the closing of a transaction to sell several pet food brands to Post Holdings for approximately $1.2 billion. The acquisition, which was announced in February, includes brands such Rachael Ray Nutrish, 9Lives, Kibbles ‘n Bits, Nature’s Recipe and Gravy Train, a private label pet food business, and several manufacturing and distributing facilities. “With the close of this transaction, we are excited to …
US retailer Coborn’s has announced it has signed an agreement to acquire Sullivan’s Foods grocery stores and other retail units in Illinois, expanding its operations to a new state. According a report in Progressive Grocer, the deal includes 11 grocery stores, one convenience store and fuel centre, three hardware stores, one central office and a warehouse. The purchased stores will continue to operate under the Sullivan’s Foods banner. Commenting on …
Scandinavian Tobacco Group, the leading tobacco firm, has announced the acquisition of XQS International, a maker of tobacco alternative products. The transaction value consists of an upfront payment as well as an earn-out agreement. Assuming all targets are met, the total purchase price will be about 150 million DKK ($22 million) and it will be fully financed by cash at hand and debt. In 2022, XQS International’s reported net sales were …
US confectionery firm Hershey has announced the acquisition of two manufacturing facilities from Weaver Popcorn Manufacturing, a leader in popcorn production. In a press release, Hershey said the deal includes Weaver Popcorn’s plants in Bethlehem (PA) and Whitestown (IN). Hershey and Weaver Popcorn are already co-manufacturers of the Hershey’s SkinnyPop brand and the acquisition will help to strengthen the brand, enabling it to grow in volume and quality, Hershey add …
German retailer Tegut has announced the acquisition of organic supermarket chain Basic after the latter reportedly ran into financial difficulties. Headquarted in Munich, Basic has a network of 19 outlets and headcount of 500. Commenting on the deal, Basic CEO Christoph Eich said: “We are very pleased to now be a part of the Tegut family. For our colleagues, this is the end of a period of uncertainty. Our customers …
Potato and frozen food producer McCain has announced the acquisition of a further 51% stake in Brazilian pao de queijo (‘cheese bread’) manufacturer Forno de Minas, taking its shareholding in the company to 100%. McCain first took a minority stake in Forno de Minas in 2018. “The partnership presents a fantastic opportunity for both companies to strengthen and grow their presence in this market sector here in Brazil”, commented Paolo …
French dairy firm Savencia Fromage & Dairy has announced the acquisition of Sucesores de Alfredo Williner, one of the major players in the dairy market in Argentina. In a press release, Savencia Fromage & Dairy said the investment would enrich the company’s portfolio in the country, in particular through the traditional Ilolay brand, as well as giving it access to an established distribution network. Founded in 1928, Sucesores de Alfredo …
Edrington, a UK-based spirit producer has announced the acquisition of an additional stake in US firm Wyoming Whiskey, increasing its shareholding from 35% to 80%. In a press release, Edrington said the Wyoming Whiskey brand has been part of its Partnership Brands unit, which has helped the firm to grow in volume and value in the US market. Jane Graham, director of Partnership Brands, said: “With a compelling brand story, …
Zur Muhlen Gruppe, a leading European business in the meat industry, is set to acquire Eberswalder, a manufacturer of sausage products based in the German capital Berlin, according to a report in Lebensmittel Praxis. “Our customers have appreciated our traditional recipes for three generations and they can continue to count on this in the future”, Sebastian Kühn, managing director of EWG Eberswalder Wurst is quoted as saying. The company is reported as …
FMCG giant Kraft Heinz has reached an agreement to sell its baby food business in Russia to Chernogolovka, a domestic food and drinks manufacturer, according to a Reuters report. The deal includes the brands Umnitsa and Sami S Usami and was reportedly already in progress prior to the conflict in Ukraine. “The decision to sell is a commercial decision in the best interests of our people and the local communities …
Blady Gros, the holding company behind fish processor Blady Tuna Market, has reached a deal to acquire a majority stake in Grupo Cerdeimar, a traditional fish cannery based in Spain’s Galicia region. The deal reportedly comes after Grupo Cerdeimar, which traces its history back to 1884, found itself in financial difficulties earlier in the year. According to articles in El Economista and Revista InfoRetail, Blady Tuna Market has achieved rapid sales growth …
Dr. Oetker, the leading food manufacturer, has announced its intention to acquire Galileo, a maker of frozen pizza snacks based in the German town of Trierweiler. The company, which is already prominent in the pizza category with its Ristorante brand, said it would acquire Galileo’s production facility in Trierweiler and take over all its existing 200 employees. Galileo produces pizzas, donuts, bagels, flat breads, and sweet baked goods and is represented …
Wine and spirits multinational Pernod Ricard has announced that the company has signed an agreement to acquire a majority stake in Skrewball, a producer of flavoured whiskey Skrewball was founded in 2018 and produces a peanut butter whiskey that is now available in the US, Canada and the Caribbean. “Skrewball has proven its uniqueness and success with a large audience, so we are delighted to have this brand as part …
Altria, the multinational tobacco firm, has announced a definitive agreement to acquire e-cigarette company NJOY Holding for about $2.75 billion in cash. NJOY is described as a leading brand of pod-based e-vapour products with 33,000 retail stores in the US. Commenting on the deal, Altria CEO Billy Gifford said: “We believe we can responsibly accelerate U.S. adult smoker and competitive adult vaper adoption of NJOY ACE in ways that NJOY …
Sweet Harvest Foods, the self-proclaimed leader in the US natural sweetener industry, has announced the acquisition of Sweet River Honey, a honey producer based in the state of Texas. In a press release, the firm said the acquisition would add hives and beekeeping experience to its portfolio and enable it to expand its operations. Ken Stickevers, CEO of Sweet Harvest Foods, commented: “Sweet Harvest Foods Holdings is deeply committed to …
Muller, the leading Germany dairy firm, is to divest the Tuffi brand of milk and cheese products to a third party dairy company. The sale was a condition of Muller’s purchase of part of FrieslandCampina’s portfolio in Germany, which has just been greenlighted by competition regulators. Similar anti-trust concerns lay behind the regulator’s decision to require Muller to grant exclusive, irrevocable brand licences for use of the Landliebe brand for an unlimited period. “With …
Saudi Arabia based dairy firm Almarai has recently announced the purchase of a 48% stake in International Dairy and Juice from FMCG giant PepsiCo to become the 100% owner of the business According to a report in The National, International Dairy and Juice was formed as a joint venture in 2009 via a partnership between Almarai and PepsiCo to produce and distribute food and beverages in Egypt and Jordan. The …
US multinational food firm Tyson Foods has announced that the company has signed an agreement to purchase Williams Sausage Company, a producer of fresh and cooked sausages, bacon and sandwiches. Based in Union City, Tennessee, Williams Sausage Company currently has 500 employees and supplies to both retail and foodservice custpmers. Stewart Glendinning, group president, prepared foods for Tyson Foods, said: “The addition of Williams Sausage Company aligns with our strategic …
Hindustan Unilever Ltd (HUL), Unilever’s Indian subsidiary, has announced it has sold its atta and salt business under the Annapurna and Capital Cook brands to Uma Global Foods and Uma Consumer Products, both subsidiaries of Reactivate Brands International. The sale is part of HUL’s strategy to divest non-core categories and focus on the growth of its packaged foods business of dressings, scratch cooking and soups, the company said in a …
Spanish retailer Dia is exploring the possibility of selling its business in Portugal, where it operates under the Minipreco banner, according to reports in Jornal de Negocios and Inforetail. The company currently has 499 Minipreco supermarkets in the country, 297 of which are said to be operated under franchising arrangements. Dia also owns three distribution centres in Portugal. The retailer has hired Societe Generale as a financial advisor to study …
Mexican tequila distillery Casa Maestri is to acquire Bellagave Infused Tequila, a 100% blue agave tequila brand, for an undisclosed sum, according to a FoodBev report. The acquisition, which will expand Casa Maestri’s portfolio of premium tequila brands, comes a month after the firm acquired Santera Tequila, a blue weber agave tequila line. “It’s a perfect time to innovate”, commented Jose Coira, VP of sales at Casa Maestri. “The tequila …
Morinaga Nutritional Foods, a US-based manufacturer of soya and dairy products, has announced the acquisition of the Tofurky and Moocho plant-based brands in the US. In a statement, Morinaga Nutritional Foods said it would use the acquisition to strengthen its presence in the plant-based sector and boost new product development. Founded in 1980, Tofurky is a leading manufacturer of plant-based meats, while sister company Moocho produces dairy-free cheeses that are …
UK confectionery firm Serious Sweets Company has announced the acquisition of Mallow & Marsh, a producer of handmade marshmallow products. Serious Sweets Company is a supplier of confectionery to major retailers and foodservice and manufactures private label products such as fudge, toffee, marshmallows, brittles and butterscotch. The acquisition will add a premium marshmallow business to its portfolio. Rob Whitehead, Serious Sweets Company founder, said: “The opportunity for premium confectionery sits …
Burts Snacks, the firm behind the Burts brand of upscale crisps, has been acquired by Europe Snacks, the self-proclaimed leading pan-European private-label player in savoury snacks, according to a report in Insider Media. Founded in 1995, Burts Snack is predominantly known for traditional potato crisps but has also recently expanded into ridged crips and lentil chips. Commenting on the move, Jitu Patel said “Burts provides high quality snacking and has …
Philip Morris International (PMI), the leading tobacco firm, has announced it will be continuing its partnership with South Korean tobacco and nicotine manufacturer KT&G as the two companies look to “extend and deepen” their collaboration. The agreement, which covers 15 years, will allow PMI to continue commercialising innovative smoke-free devices and consumables on an exclusive worldwide basis (except South Korea), the company said. PMI CEO Jacek Olczak commented: “We have …
Dole, a global leader in fresh produce, has announced it has entered into an agreement to sell its fresh vegetables division to Fresh Express, a subsidiary of fruit supplier Chiquita, for approximately $293 million in cash. The fresh vegetables divisions comprises operations related to the processing and sale of whole produce, as well as salads and meal kits. It has agricultural operations and four processing facilities across the US, employing over 3,000 …
Danone, the French consumer goods giant, has announced it is exploring strategic options, including a potential sale, for its organic dairy activity in the US, comprising the Horizon Organic and Wallaby businesses. “This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew Danone strategy”, Danone said in a statement. While touting Horizon Organic and Wallaby as “strong, …
Grupo Bimbo has reached an agreement to acquire Romania’s largest bakery firm Vel Pitar, thus adding a new market to its portfolio, according to a report in Profit.ro. The manufacturer was purchased from Broadhurst Investments, an investment fund controlled by NCH Capital, in a deal reportedly worth around €200 million. In 2021 (the last year for which financials are available), Vel Pitar reportedly had a turnover of 586.2 million RON …
German meat producers Radeberger Fleisch- und Wurstwaren Korch (Korch) and Hermann Wein have announced the two businesses are to combine, according to a report in Lebensmittel Praxis. Korch’s Original Radeberger Premium Lachsschinken ham is said to be particularly popular in the former east, while Hermann Wein is described as the market leader in Germany for black forest ham. Rieker Investment, which acquired a stake in Korch in 2022, will remain a shareholder in …
German chewing gum manufacturer AsCom Confection has taken over confectionery producer Bodeta after the latter had filed for insolvency, according to a report in Lebensmittel Praxis. Bodeta was reportedly struggling financially due to rising energy and raw material costs, leading the firm to trigger a process of self administration in order to restructure its business. According to sources, Bodeta’s 120 employees will remain in post, with the firm continuing to …
Latteria Soresina, the leading Italian dairy cooperative, has announced the acquisition of Fratelli Oioli, a dairy company specialising in the production of gorgonzola cheese with protected designation of origin (PDO). In a press release, Latteria Soresina said the acquisition would make it the first company able to offer PDO gorgonzola from ‘farm to table’. “The Fratelli Oioli company has always upheld the importance of values such as integrity and dedication …
Procter & Gamble (P&G), the global personal and homecare firm, has announced the acquisition of Mielle Organics, a US haircare brand that particularly serves women in the Black community. Founded in 2014, Mielle Organics has become a leading brand for consumers with textured hair through innovative, technology-driven products, natural ingredients, and inspirational and educational content, P&G said in a statement. The company’s products can be found in more than 100,000 …
ITC, the leading Indian conglomerate, has announced the acquisition of Sproutlife Foods, the company behind the Yoga Bar brand of cereal and snack foods, over the next three to four years. In a press release, ITC said the deal would enable it to further diversify its portfolio and enhance its presence in the ‘good for you’ space , aligning with the company’s “ITC Next” strategy. Sproutlife Foods describes itself as …
Diageo, the leading alcoholic drinks company, has reached an agreement to acquire Don Papa Rum, a super-premium, dark rum from the Philippines. In a press release, Diageo said the acquisition involved an upfront consideration of €260 million ($282 million) with a further potential consideration of up to €177.5 million ($192.5 million) through to 2028 subject to performance. Founded in 2012, and available in over 30 countries worldwide, Don Papa Rum …
Endeavour Group, which claims to be Australia’s leading retail drinks and hospitality business, has announced it has reached an agreement with global alcoholic drinks firm Moet Hennessy to acquire winemaker Cape Mentelle Winery. Located in Western Australia’s Margaret River, Cape Mentelle Winery was established in 1970 as one of the founding five wineries of The Margaret River, and is described as being the pioneer of many of the wine styles …
Global food manufacturer Kerry Group has entered into exclusive negotiations to sell its Sweet Ingredients Portfolio to INCA, an international leader in chocolate, creams and high-quality semi-finished food ingredients, for €500 million. The Sweet Ingredients Portfolio is a manufacturer of sweet and cereal products with a broad range of technological capacities serving the markets of bakery, cereal, confectionery, dairy and ice cream in Europe and the US. “We are pleased …
US-based consumer-packaged food company Sovos Brands has announced that it has completed the divestiture of the pancake & waffle mix brand Birch Benders and related assets to Hometown Food Company. Sovos Brands offers a portfolio of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza and yoghurts, sold under the brand names Rao’s, Michael Angelo’s and Noosa, while Hometown Food Company owns a portfolio of baking brands such as Pillsbury, …
Fishermen owned company Silver Bay Seafoods has announced the acquisition of food processing company Orca Bay Foods. Both companies formed a joint venture over the past few years where Silver Bay was the supplier of seafood and Orla Bay was processing, selling, and marketing the products. “Orca Bay is excited to join Silver Bay Seafoods as we continue our mission of delivering sustainable, delicious, high-quality products. This partnership will provide …
Reliance Consumer Products has announced the acquisition of 50% equity stake in carbonated soft drink company Sosyo Hajoori Beverages Private. Founded in 1923, Sosyo is a leading company in the soft drink market in India with brands such as Sosyo, Opener, Kashmira, Lemee, Hajoori Soda, Ginlim, Runner and S’eau with over 100 flavours launched in the market. “We are delighted to enter into this partnership with Reliance Consumer Products, a …
Brewing and beverage company Royal Unibrew has expand its portfolio with the acquisition of the Danish microbrewery Norrebro Bryghus. “We have found a new owner who we believe can continue the Norrebro Bryghus brand and the business we have built up over two decades,” said Martin Thomsen, managing director and co-owner of Norrebro Bryghus. “We are proud of the chapter we have written.” “Royal Unibrew has been given the opportunity …
Food tech company Benson Hill has announced the sales of the assets related to its Fresh business in a two-part transaction to IMG Enterprises for a price of US $21 million. The divestiture will enable the company to focus on its ingredients business and meet the growing demand for its soybean product portfolio. “We believe there is tremendous opportunity to grow our proprietary ingredients portfolio in the food, oil and …
Global independent beverage solutions provider Refresco has acquired Avandis, a manufacturer of alcoholic beverages, from cocktails spirits companies Lucas Bols N.V. and De Kuyper Royal Distillers. With the acquisition, Refresco will expand the offering in the alcoholic category in Europe and according to company’s press release, the company is now a step closer to achieve its goal of “Our Drinks On Every Table”. The production facility of Avandis in Zoetermeer, …
Kellogg Co has announced the divestment of its Russian operation to local snacks and drink maker Chernogolovka, joining the list of Western companies that have sold their assets in the country. The movement comes after the cereal maker suspended earlier this year all imports of its products in Russia and pulled investments including advertising and promotions in the country, following Moscow’s invasion of Ukraine. Chernogolovka manufactures snacks, energy drinks and …
Orkla Confectionery & Snacks has acquired confectionery company Bubs Godis. Founded in 1992, Bubs Godis is a manufacturer of vegan sugar confectionery with a strong growth on the Nordick market. According to Patrick Axzell, CEO at Orkla Confectionery & Snacks Sweden the acquisition is aligned with strategic investment of the company in confectionery and sustainable brands, and a good platform to continue growth in Nordic and Baltic countries. With the …
Wine and spirits multinational Pernod Ricard has announced the acquisition of a majority stake in start-up Cockorico, a French brand specialising in ready-to-serve cocktails. Founded in Lyon in 2019 by three spirits and hospitality business experts, the brand makes a range of premium pre-mixed, ready-to-serve bottled cocktails. “We are delighted to begin this partnership with Cockorico, which has experienced exceptional growth since its creation,” said Philippe Coutin, chairman of Pernod …
Global leader in confectionery, snacking, food, and pet care products and services Mars, Incorporated, has acquired whole-fruit snack brand Tru Fru. Founded in 2017, Tru Fru is a innovate, better-for-you, high-quality snack made from real fruit, coated in premium chocolate and available in both frozen and shelf-stable. “We are thrilled to welcome one of the most innovative fruit-based snacks in the U.S. into the Mars family of brands. Tru Fru …
Snack and confectionery multinational Mondelez International has announced that has agreed to sell its gum business in the USA, Canada and Europe to Perfetti Van Melle Group for $1.350 billion. The sale is part of the strategy of Mondelez International to accelerate growth and focus portfolio on chocolate, biscuits, and baked snacks categories. The acquisition includes the gum brands Trident, Dentyne, Stimorol, Hollywood, V6, Chiclets, Bubbaloo and Bubblicious in the …
Leading Italian food company Barilla Group has announced the acquisition of the bakery brand Back To Nature from B&G Foods. The acquisition of Back To Nature follows the strategy of Barilla to build a strong multi-brand bakery platform in the United States. Founded in 1960, Back To Nature has a portfolio of plant-based, non-GMO cookies, crackers, granola and nuts & trail mix categories. “At Barilla, we aspire to build a …
Global bakery manufacturer and distributor Dawn Foods has announced the sale of its frozen bakery manufacturing business Africa, the Middle East, Europe, Asia and the Pacific (AMEAP) to Europastry. The sale includes Dawn’s frozen bakery manufacturing plant located in The Netherlands, R&D capabilities based in the United Kingdom, and all associated customer relationships in the region purchasing Dawn-produced frozen products. “Dawn and Europastry have been partners for many years, providing …
Dairy firm Fonterra and FMCG multinational Nestle have agreed to sell Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700 million (approx. $133 million), subject to closing transaction adjustments. The sale, which has been delayed due to the pandemic related market conditions, is aligned with the co-op’s strategy of prioritising its New Zealand milk pool. Created in 2023, Fonterra holds 51% stake and Nestle …
Rema 100 Denmark, part of Reitan Retail, has agreed to acquire the majority of German discount grocer Aldi’s grocery store network in Denmark. According to the company statement, Rema 100 will acquire 114 stores and three distribution centres in attractive locations which will help the company to accelerate growth and increase market share with high-quality products at low prices. “Rema 1000 Denmark has been a fantastic growth story, demonstrating the …
Hindustan Unilever (HUL), a subsidiary of the multinational consumer goods giant Unilever, has entered the health & wellbeing category through strategic investments in Zywie Ventures Private Limited (OZiva) and Nutritionalab Private Limited (Wellbeing Nutrition). OZina is a plant-based and clean label consumer wellness brand focused on lifestyle protein, hair & beauty supplements and women’s health. Wellbeing Nutrition is focused on need spaces such as beauty, everyday health, gut health, and …
Confectionery firm Ferrero Group has announced the acquisition of US ice maker Wells Enterprises as part as Ferrero’s strategy to growth in the ice cream section and Wells’ vision for accelerated growth. Wells will remain a standalone business with its portfolio of brand such us Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top under Ferrero’s ownership. “Ferrero is a likeminded company with a commitment to providing high-quality, premium …
Italian cheese producer Auricchio Group has announced the acquisition of 3B Latte, a manufacturer of goat, buffalo and cow’s milk cheese. According to sources, 3B Latte has been operating for 70 years and generates a turnover of €35 million (US$36.6 million) and its portfolio includes the Vaccino, Di Capra, and Senza Lattosio brands. Florindo Bertoni, CEO of 3B Latte, commented: “This project will allow us to accelerate our growth while …
Dairy family-owner cooperative in California, California Dairies Inc. (CDI) has acquired DairyAmerica a globally recognised supplier of quality and sustainable dairy ingredients. Founded in 1995, DairyAmerica is a federated cooperative currently co-owned by California Dairies, Agri-Mark, Inc., and O-AT-KA Milk Products. As part of the acquisition, California Dairies will purchase the ownership rights currently held by Agri-Mark, Inc. and O-AT-KA Milk Products. “This investment in DairyAmerica provides the opportunity for …
Campari Group and Moët Hennessy has acquired, through their 50-50 joint venture, full ownership of online wine and spirits company Tannico. Founded in 2012, Tannico’s e-commerce platform offers a catalogue of over 1,500 labels from 2,500 wineries focusing 90% of the business in B2C. The platform also provides wine courses, video tutorial and in the B2B area, services to wineries professionals in the hospitality sector. “With this operation, we confirm …
Soft drink manufacturer A.G. Barr has announced the acquisition of the functional energy drink brand Boost for an initial consideration of £20 million, on a debt-free, cash-free basis. Founded on 2021, Boost has a portfolio of energy drinks, RTD iced coffees and sport-focused beverages, operating an asset light model, outsourcing production, warehousing, and logistics. “Boost is one of the UK’s most recognisable functional drinks brands, and we are delighted to …
Philip Morris International (PMI) has become the majority shareholder of the leading oral nicotine company Swedish Match. PMI has acquired 93 percent of the shares in Swedish Match and its portfolio of oral nicotine products in a move to accelerate its objective of a smoke-free future replacing cigarettes with science-based, better alternatives to smoking products. “We are delighted to have obtained over 90 percent ownership of Swedish Match, allowing us …
Deutsch Family Wine & Spirits has entered into a joint venture with Two Sons Imports, owners of Cantera Negra Tequila to acquire a partial ownership stake in Cantera Negra to become the exclusive global sale and marketing partner. Cantera Negra is handcrafted in small-batch quantities tequila made from 100% fully mature blue agaves. The portfolio of Cantera Negra tequilas includes: Silver, with natural hints of citrus and clean earthy notes …
French dairy producer Bel Group has entered into a joint venture with Britannia Industries to develop, manufacture and sell cheese products in India and some other markets. Bel Group will acquire 49% stake of Britannia’s wholly-owned subsidiary Britannia Dairy Private Limited for INR 2.62bn (US$32.1m). “This strategic partnership with Britannia in India is a new step for Bel Group’s development in Asia, in line with our mission to deliver healthier …
New spirits group Magellan & Cheers has announced the acquisition of Spanish vermouth brand Perucchi. The new group is founded and led by Jean-Noël Reynaud, which has an international career of more than 30 years in companies such as Remy Cointreau, Coca-Cola, Lactalis, and Marie Brizard. Perucchi is a brand with 150 years, known especially for its vermouth that is made from wines, mistelles, herbs, plants and roots, although the …
Italian coffee producer Lavazza has reportedly made a binding offer to acquire the French firm MaxiCoffee, owned by the company founder Christophe Brancato, 21 Invest and other investors. According to sources, Lavazza made the deal so that the company can strengthen its position in France and also in e-commerce. Lavazza Chief Executive Antonio Baravalle said: “Our strategy is to support the further development of MaxiCoffee, which will maintain its profile …
Dairy firm Fonterra has announced the divestment of its Chilean Soprole business. According to the company’s press release, the business was sold for about CLP $591.07 billion ($638.51 million) to dairy firm Gloria Foods. The decision to sell was made in April 2022, after the company released Fronterra’s strategy to 2030. Fonterra CEO, Miles Hurrell, commented the deal: “A key pillar of our strategy is to focus on New Zealand …
Leading beverage company in North America, Keurig Dr Pepper, has announced an investment in Athletic Brewing Company, America’s leading non-alcoholic craft beer maker. According to the Keurig Dr Pepper’s statement, the company purchased a minority stake of $50 million in Athletic Brewing Company in a move to tap into the rapidly emerging beverage categories. As part of the deal, Keurig Dr Pepper will have an equity stake in Athletic Brewing …
German retailer Aldi Nord has announced the acquisition of some companies from the beverage firm Altmuehltaler Mineralbrunnen Group. According to Aldi’s press release, the Altmuehltaler Mineralbrunnen Group is one of the most important producers and bottlers of mineral water and non-alcoholic soft drinks in Germany and the firm employs around 400 people, jobs that will remain secure after the transaction. The deal includes production sites in Treuchtlingen (Bavaria) and Breuna …
US-based firm American Beverage Corporation, a wholly-owned subsidiary of Harvest Hill Beverage Company, has announced the acquisition of Poppilu, a lemonade brand targeted to children. Founded in 2017, Poppilu was at a first stage targeted to adults but its target shifted in 2020, when the need for a lemonade for kids was identified. Poppilu is sold in pouches in three ‘bold and tangy’ lemonade flavours (Original Lemon, Blueberry and Peach …
Multinational tobacco manufacturer British American Tobacco (BAT) has announced a c.£48.2 million investment in Charlotte’s Web Holdings, a producer of hemp extract wellness products in the USA. “Our investment in Charlotte’s Web represents another step for BAT in our exploration beyond tobacco and nicotine, as we continue to build a strong foundation to deliver A Better Tomorrow,” said Kingsley Wheaton, Chief Growth Officer at BAT. Jacques Tortoroli, CEO of Charlotte’s …
Juul Labs has secured an investment from some of its early investors to keep the e-cigarette business operations avoiding the bankruptcy. Juul plans to lay off abut 400 people and reduce its operation budget by 30% to 40%. The company has been facing financial strains since the FDA banned Juul’s vaping products this year and then put the ban on hold pending further review. The uncertainty around the ban has …
Carlsberg Marston’s Brewing Company (CMBC) has announced plans to sell the Eagle Brewery to its long-term partner, S.A. Damm. Damm is a Spanish brewer, best know for its premium beer Estrella Damm. Since 2010, the production of Estrella Damm for the UK has been packaged at the Eagle Brewery. As part of the agreement, the Eagle Brewery’s beers will remain part of the CMBC’s portfolio, and it will become the …
Lancashire based cheesemaker Butlers Farmhouse Cheeses has announced the purchase of Parlick, a brand from dairy firm Singletons & Co. According to sources, the Parlick brand had ceased trading since September this year and the deal enabled the Parlick’s products to remain stocked without any break in the supply to retailers like Sainsbury’s and Waitrose. The investment strengthens Butlers Farmhouse Cheeses’ portfolio, now including sheep’s milk cheese as well. Butlers …
Alcoholic drinks firm Diageo has announced the acquisition of leading Texas premium whisky distiller, Balcones Distilling. Balcones Distilling is a craft distiller that is said to produce super premium whiskies, such as Texas “1” American Single Malt, Lineage American Single Malt and Baby Blue Corn Whisky. The firm differentiates from others by creating whiskies with distinctive flavours and the beverages are produced with high quality, original and often locally sourced …
Herdes del Fuerte, a joint venture between Grupo Herdez and Mexican conglomerate Grupo Ku, has announced the acquisition of Interdeli and Deli, Dips & Snacks companies. According to sources, Herdes del Fuerte purchased the business for MXN $587 million ($29.4 million). The acquired Mediterranean food companies sell products under the Libanus, Flaveur and Liguria brands, featuring a range of products that include pita bread, labneh and greek-style yoghurt. Chairman and …
Leading international tobacco company Japan Tobacco has announced a joint venture between the JT Group, through its subsidiary JTI, and the leading US tobacco firm Altria Group, through PM USA. According to the Japan Tobacco’s press release, the join venture was formed to market and commercialise heated tobacco sticks (HTS) products in the USA, using Ploom devices and Marlboro consumables. A long-term, non-binding global memorandum of understanding was signed to …
Mexican bakery giant Grupo Bimbo has announced the acquisition of the UK based bakery St. Pierre Groupe. The deal is expected to accelerate the rapid growth of St Pierre Group in the USA and increase international expansion. St. Pierre Groupe is a producer of brioche buns, brioche bagels, and brioche sub rolls, inspired by the Parisian cafe culture and with a growing presence in the USA. The company sells its …
Italian spirit group Campari has reached an agreement to acquire an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. Under the agreement, the company will be able to acquire the remaining 30% of the premium Kentucky Bourbon and Rye Whiskey producer in 2031. Bob Kunze-Concewitz, Chief Executive Officer Campari Group: “We are very excited to take a controlling interest in worldclass Wilderness Trail Distillery. …
Spanish snacking firm Grupo Apex has announced the acquisition of popcorn brand Pop Up from Grupo Bimbo for an undisclosed sum. Grupo Apex said it had also signed a long-term agreement that grants the exclusive distribution in Spain, Portugal and Andorra for the Eagle nuts brand. “Both operations, which are added to the recent acquisition of the Catalan manufacturer of vegetable chips Viube Foods, are part of the strategy of …
Minerva Foods Australia has announced the acquisition of Australian Lamb Company, an Australian meat firm. Minerva Foods Australia, a joint venture of Minerva and Saudi Agricultural and Livestock Investment Company (35%), will own 100% of the issued shares in Australian Lamb Company, in a deal worth A$400 million ($253 million). Australian Lamb Company is one of the largest meat producers inAustralia, with the ability to produce about 100,000 tons of …
Australian cereal and snacks producer Carman’s has announced the acquisition of family-owned snacks and breakfast foods producer Fruit Wise. According to a statement released by Carman’s, the companies share their outlook on healthy snacks and the purchase comes after one year of discussions. Commenting on the acquisition, Bridget Beal, managing director of Fruit Wise said: “We’ve been family owned for 15 years, so wanted to make sure we were passing …
US retail chains Kroger and Albertsons, currently ranked No. 1 and No. 2 largest supermarket retailers in the country, have announced that the companies are to merge. According to a Kroger press release, the merger will expand customer reach and improve proximity to fresh and affordable food to around 85 million households. Under the terms of the deal, Kroger will purchase the outstanding shares of Albertsons Companies, Inc, common and …
Florida-based Primo Water Corporation has announced the acquisition of all the assets of fellow bottled water producer Crystal Spring Water Company, which is based in Rhode Island. According to Primo Water Corporation, the purchase will allow it to increase its distribution in both Rhode Island and South-eastern Massachusetts, where Crystal Spring Water Company’s products are already present. Tom Harrington, CEO of Primo Water Corporation, said: “Crystal Spring Water Company offers high-quality spring water solutions …
Constellation Brands, the leading international beer, wine and spirits firm, has announced that it is divesting part of its mainstream premium wine brands to The Wine Group. According to a company press release, the decision to sell most of its popular and mainstream premium wine portfolio to The Wine Group, including the brands Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines, is …
Goat milk manufacturer Bubs Australia has announced that it has made an agreement with Heilongjiang Ubeite Dairy Group (HUG) to produce and distribute Bubs China label goat milk infant formula in China. According to a Bubs press release, the new “ultra-premium” Bubs China label infant formula range has been created exclusively for the Chinese market, based on easy to digest A2 goat milk protein, with premium ingredients, sn2 palmitate, lactoferrin, …
Japanese drinks giant Asahi has announced the acquisition of Australian soft drinks firm StrangeLove. According to sources, StrangeLove offers a range of adult soft drinks including sparkling waters, low-calorie sodas and premium mixers. Robert Iervasi, Asahi CEO, said: “We expect StrangeLove to really shake things up in the on-premise premium mixer and adult soft drink space with a high-quality, Australian-made brand. This deal will also strengthen our offer to retailers, …
Alcoholic drinks firm Diageo has announced the acquisition of Mr Black, a premium cold brew coffee liqueur from Australia. In a statement, Diageo said it had already purchased a minority stake in Mr Black in 2015 through its incubator programme Distill Ventures. Mr Black’s liqueur is described as being made using modern coffee brewing techniques and has reportedly become the fastest growing brand in the global coffee liqueur category in …
Multinational tobacco company British American Tobacco (BAT) has announced the acquisition of a non-controlling minority stake in Sanity Group. Founded in 2018, Sanity Group aims to improve quality life using cannabinoids. The investment will help the German company to expand and strengthen research and development activities. “Our goal is to leverage the full potential of the cannabis plant and to explore and harness the different cannabinoids – with the new …
Australian retailer Coles Group has announced the sale of its fuel and convenience store business to fuel firm Viva Energy. According to sources, Coles and Viva Energy had been operating the business in a partnership that was planned to end in 2029. With this acquisition, Viva Energy will operate the largest fuel and convenience network in the country, under one single operator. Leases on 716 Coles Express stores will be …
House Foods Holding USA, a subsidiary of Japan-based House Foods Group, has announced the acquisition of US based Keystone Natural Holdings, described as a leading manufacturer of tofu and plant-based foods in North America. In a statement, Keystone Natural Holdings, whose brands include Nature’s Soy brand, will help House Foods to boost its portfolio of plant-based products and expand its presence in North America, increasing the factories it operates from two to eight. Chaoran …
AG Olives (Aceitunas Guadalquivir), described as one of the world’s premier olive companies, has announced the purchase of US peer Bell-Carter Foods for an undisclosed sum. According to sources, the deal will enable Bell-Carter Foods to fund investment in its facility in Corning, California, including to expand warehouse space, install advanced olive cookers, and create new production lines. The investment will help the company to meet the demand for its …
Baker & Baker, one of Europe’s leading suppliers of bakery products, has announced the acquisition of Peipen, a pastel de nata (Portuguese custard tart) producer. According to sources, the deal will enable the firm to expand the production capacity of the Portuguese pastry with new production lines. The agreement includes a 5000 sq. mt. manufacturing facility located in Peniche, with all the equipment, and Baker & Baker, reportedly, entered a …
US online grocer Misfits Market has announced the purchase of fellow e-commerce firm Imperfect Foods. According to sources, the companies are intended to be operated separately at first, before being merged into a single brand. Both online grocers started out retailing mishappen products in order to prevent food waste, but currently also sell a broader range of fresh products such as meat, seafood and other groceries. Abhi Ramesh, CEO and founder of Misfits Market, said: …
FMCG giant PepsiCo has agreed to sell a set of biscuit assets to the Brazilian manufacturer Camil Alimentos, according to a Just Food report. The agreement is claimed to involve the biscuit brands Mabel, Doce, Mirabel, Elbi’s and Pavesino and to include a ten-year licencing contract with PepsiCo for the Toddy biscuits brand and the associated production line. The deal also includes a factory in Goiania and another one Sergipe, with Camil taking …
Australian alcoholic drinks retailer and hospitality business Endeavour Group has announced the acquisition of Shingleback Wine from McLaren Vale, South Australia. According to sources, the agreement includes the Shingleback Wine brand portfolio, a long-term lease of the McLaren Vale cellar door and an ongoing grape supply agreement. Shingleback was founded in 1997 by Kym and John Davey brothers and it will now be part of the Paragon Wine Estates portfolio, …
Good Drinks Australia, an independent Australian brewer, has announced the acquisition of Victorian-based brewery Stomping Ground for A$11.5 million ($7.7 million). According to sources, the transaction will be closed for A$7 million ($4.7 million) in cash, 4.5 million Good Drinks Australia ordinary shares, and a trailing 5-year performance component. With this agreement, Stomping Ground is expected to contribute A$1.5 million ($1 million) to Good Drinks Australia’s earnings in its first …
Spanish-based snacks company Grupo Apex has acquired Spanish Viube Foods, a manufacturer of vegetable crisps. Viube Foods is based in Girona and produces and markets vegetable chips made with 100% natural ingredients and in an artisanal way, under the Mikso brand. According to sources, with the acquisition, Grupo Apex has now seven factories and aims to be a ‘benchmark’ in this segment, believing that it has ‘great growth potential’. The …
Treehouse Foods, a leading manufacturer and distributor of private label foods and beverages, has announced that it has come to an agreement with Investindustrial to sell a part of its meal preparation business for $950 million. In a statement, Treehouse Foods said the deal was intended to “simplify” its business proceedings and allow it to focus its efforts on other areas. Commenting on the move, Treehouse Foods CEO Steve Oakland, said “This transaction …
Hispanic food business V&V Supremo Foods has announced the acquisition of family-owned cheese producer Mill Creek Cheese. V&V Supremo Foods was founded in 1964 and produces Mexican cheese, crema and chorizo, and owns the Chihuahua quesadilla cheese brand. Founded in 1891, Mill Creek Cheese is described as the oldest family-owned cheese plant in Iowa County, Wisconsin. V&V Supremo Foods said it planned to use the deal to boost production and strengthen …
Del Monte Foods, the US food company, has announced the acquisition of cooking aids firm Kitchen Basics from McCormick. Kitchen Basics was founded in 1996 and has an extensive portfolio of ready-to-use stocks and broths, and is currently the market leader in the US. Greg Longstreet, president and CEO of Del Monte Foods, said: “Del Monte Foods has gone through a positive transformation over the past five years, and we …
FMCG giant Colgate-Palmolive has announced plans to acquire three dry pet food manufacturing plants in the US from Red Collar Pet Foods for $700 million. According to Colgate-Palmolive, the acquisition aims to support the global growth of its Hill’s Pet Nutrition business and includes the transfer of approximately 350 employees. The manufacturing plants – in Orangeburg (SC), Clinton (OK), and Washington Court House (OH) – will be part of Hill’s Pet …
French dairy producer Bel Group has announced the acquisition of 70% shares of the Chinese cheesemaker Shandong Junjun Cheese. As well as manufacturing cheese, Shandong Junjun Cheese is the fourth-largest milk producer in China. The company has reportedly achieved over 100% annual growth since 2018. According to a statement released by Bel, the investment will help the French giant with its international expansion strategy and reinforce its growth in manufacturing …
PepsiCo, the leading US consumer goods firm, has announced a distribution agreement and the acquisition of $550 million stake in energy drink company Celsius Holdings at the price of $75 per share, corresponding to 8.5% ownership of the company. Celsius is a US global consumer packaged goods company that produces lifestyle energy fitness drinks. With this agreement, PepsiCo will become the preferred distribution partner globally for Celsius Holdings and will support …
Swiss dairy firm Emmi has announced the sale of its 25% stake in cheese business Ambrosi in order to focus on “profitable growth segments”. Ambrosi is an Italian cheese specialist and producer of Parmigiano Reggiano, Grana Padano, mozzarella and gorgonzola cheeses. The stake was acquired in 2007, with the aim of generating international growth in several countries in the speciality and premium cheeses segment. “Italian cheese classics such as Parmigiano …
Agrial, a French agricultural and agrifood co-operative, has announced the acquisition of dry charcuterie producer Rochebillard et Blein. Rochebillard et Blein has 115 employees over three production sites – two in Violay and one in Taninges, producing nearly 2,000 tonnes of various charcuterie products that are sold in supermarkets, charcuterie shops, and traditional butchers. Stephane Poyac, executive vice president of Agrial, said: “Co-operative has been present on the dry charcuterie …
Chilean FMCG manufacturer Empresas Carozzi has entered an agreement to acquire ice cream firm Lecherias Loncomilla. Lecherias Loncomilla, owner of the San Francisco ice-cream brand in Chile, was founded in 1975 and produces frozen desserts that supply the retail channel. According to sources, Empresas Carozzi was founded in 1898 and is the fourth-largest ice-cream maker in South America. The company entered the ice-cream category in 2020 through the acquisition of …
UK food manufacturer Premier Foods Plc has announced the acquisition of 100% of The Spice Tailor, a maker of Indian and South East Asian meal kits and accompaniments, for an initial consideration of £43.8 million ($52.4 million). In a statement, Premier Foods said the Spice Tailor would benefit from increased levels of marketing investment to drive product awareness and household penetration, new product development resources, and access to Premier Foods’ commercial capabilities …
Granola company Rollagranola has bought Primrose’s Kitchen, the UK-based breakfast cereal business that went into liquidation in December 2021. Founded in 2014, Hitchin-based Rollagranola has acquired the stock, packaging, intellectual property, and brand name of Primrose’s Kitchen, a supplier of organic and vegan, and gluten-free muesli from the South of England. Rollagranola’s founder Robin Longden said the buy-out of Primrose’s Kitchen “signals a new direction” for the company. “The purchase …
US-based food and beverage company JM Smucker has announced it has sold its breakfast cereal line Red River Cereal to Ontario-based firm Arva Flour Mills for an undisclosed sum. According to sources, JM Smucker had revealed in 2020 that the company was going to sell businesses that were not aligned with their “long-term strategy focus”. Mark Rinker, owner of Arva Flour Mills, said: “Since acquiring Arva Flour Mills last Fall, …
Flower Foods, one of the main producers of packaged bakery foods in the US, has announced an investment in Base Culture, a manufacturer of gluten-free and grain-free sliced breads and baked goods that are aligned with the paleo diet. According to Flower Foods, Base Culture’s products are currently available in nearly 15,000 retail locations across the US. The investment will reportedly allow the company to increase its distribution capacity, scale marketing, …
Sperlari Group, the Italian leader in the candy and nougat industry that belongs to the German group Katjes International, has announced the acquisition of Italian confectionery company Paluani. Paluani was owned by the Campedelli family, but the firm ended in an insolvency procedure. The Sperlani group was the only bidder that presented a proposal to the Bankruptcy Court of Verona to purchase Paluani. The agreement includes the absorption of 48 …
Splash Beverage Group, owner of leading beverage brands, announced the acquisition of 80% of Pulpoloco Sangria, giving the group control over the manufacturing and distribution in the US and international markets. Pupoloco Sangria is crafted in Spain, and Its distribution rights were acquired in 2020 by Splash, turning the giant into the exclusive importer of the drink in the US. Robert Nistico, Splash’s chairman and CEO, commented: “In addition to …
Tyson Foods and Tanmiah Food have signed a strategic partnership in which Tyson Foods will acquire 15% of stakes in Tanmiah subsidiary Agriculture Development Company (ADC) and 60% equity in Supreme Foods Processing Company. Tyson Foods is a recognized leader in protein, whilst Tanmiah is a producer of fresh and value-added poultry and other meats, animal feed, health products, and a foods brand franchise operator. According to sources, the deal …
Arabian Food Industries (Domty) has announced that an offer has been submitted for 90% of the Egypt-based food business by Expedition Investments for EGP5 ($0.26) per share. According to Daily News Egypt, Expedition Investments is a company created to acquire Domty owned by investors in Egypt, Saudi Arabia, and the United Arab Emirates. According to sources, Egypt’s Financial Regulatory Authority is studying the submitted offered and the decision will be …
Japanese snacks business Calbee has acquired a 75% stake in Greenday, a Thailand Based snack maker, for an undisclosed sum. According to sources, the deal may improve the reach of Jagabee products on a global scale. Calbee already has a presence in the North American, UK, south-east Asian markets and aims to expand its overseas business as a growth pillar in its plan to achieve by 2030. Calbee also aims …
Privately-owned Cooke Inc. (‘Cooke’), parent company of Cooke Aquaculture Inc. has upped its stake proposal to purchase the Tasmanian salmon farmer Tassal Group Limited. Tassal is a vertically integrated salmon and prawn grower and processor for the Australian domestic markets and for exportations, employing over 1,700 people. Cooke Inc. has Atlantic salmon farming operations in Atlantic Canada, the US, Chile, and Scotland; seabass and seabream farming operations in Spain; seafood …
Lotus Bakeries announced the complete acquisition of UK based Peter’s Yard artisanal sourdough business. Peter’s Yard produces a wide range of healthy crackers, crispbreads and flatbreads, and sourdough bites. Lotus Bakeries is well-known for the natural snack category and brands like Lotus, Kiddylicious, BEAR snacks, among others. Lotus Bakeries has been an investor in Peter’s Yard since July 2019, when the firm acquired 20% of the business. Lotus Bakeries said …
Cheese producer Maytag Dairy Farms has been sold to AgCertain Industries, which is owned by private equity firm Midwest Growth Partners since 2019. Maytag Dairy Farms was founded in 1941 and sells and supplies jam, honey, popcorn, blue cheese, cheddar, and cheese spreads to retailers and foodservice businesses as well as selling products online. AgCertain Industries belongs to Midwest Growth Partners and produces private-label cooking oils and refined glycerine. John …
Keurig Dr Pepper have recently announced the acquisition of the non-alcoholic cocktail brand Atypique from Station Agro-Biotech. The agreement made for the acquisition has both Keurig and Station Agro-Biotech fuel the growth of Atypique using the research done by Station Agro-Biotech in the product category and Keurig’s sales network. Chief financial officer for the international branch of Keurig Dr Pepper, Ozan Dokmecioglu said “We are excited to add this new …
Jeronimo Martins Group has acquired 10.1% (16.8 million euros) of the Norwegian company Andfjord Salmon for sustainable salmon production. “Just a few days before the 2022 United Nations Ocean Conference in Lisbon, we are investing in a promising and truly innovative sustainable business project that is fully aligned with our corporate responsibility priorities. Andfjord Salmon’s project is focused on using efficient technology to produce salmon – a strategic product to …
FMCG giant Mondelez has announced plans to buy Clif Bar & Company for $2.9 billion (€2.75 billion), paying additional amounts to the sellers according to its earnings from Clif Bar. According to the sources, the giant will get the Clif, Luna, and Clif Kid brands of bars in its portfolio through the acquisition, creating a $1 billion-plus global snack bar franchise for itself and expanding its global snack bar business. …
Dutch dairy multinational FrieslandCampina has announced that they will sell some of their brands and factories in Germany to their local peer Muller. A spokesperson from FrieslandCampina said: “Our local German brands need more scale, and Unternehmensgruppe Theo Muller offers this growth perspective through synergy benefits”. In the sale, there are included brands such as Landliebe, Tuffi, Sudmilch, Puddis, and Mondelice as well as the Friesland’s foodservice brand Gastro. Additionally, …
Spain-based meat processor Grupo Vall Companys has closed a deal to buy 75% of local poultry firm Grupo Sada from Netherlands agri-food business Nutreco. According to sources, Grupo Sada has a total of five plants in Spain and supplies poultry products to retailers and the foodservice sector. Grupo Vall Companys’ processes and supplies fresh and frozen products, including chicken and turkey. The poultry division, has four slaughterhouses and five cutting …
Uk based Oat-milk business Minor Figures has received a minority investment from Danone Manifesto Ventures (DMV) and Green Monday Group, a plant-based food business. Founded in 2015, with offices in the US and Australia as well, Minor Figures produces barista oat milk for retail and coffee shops under its own brand name, RTD coffees and teas distributed in 16 countries. Green Monday produces the OmniPork line of meat alternatives fish …
Brazilian food manufacturer M. Dias Branco has agreed to acquire the Brazilian division Jasmine Alimentos of French dietary food specialist Nutrition & Santé. Jasmine Alimentos, based in the Parana state, is a producer of organic, vegetarian, gluten-free, and zero-sugar ranges of health foods such as breakfast cereals, seed mixes, burgers, bread, and, like M. Dias Branco, also produces biscuits, and crackers. According to sources, in the 2021 financial year, M. …
New Berlin Beverage, a recently founded holding company with a focus on emerging and innovative beverages, has announced the acquisition of Minna, a line of sparkling iced teas. Minna’s portfolio consists of various types of sparkling tea, including fruity flavours such as cherry cacao green tea and pineapple passion fruit tea. CEO of New Berlin Beverage and Minna, Anshu Dua, said “This acquisition will allow Minna to deliver superior supply …
Malaysian food and beverage manufacturer Fraser and Neave Holdings is prepared to make moves towards obtaining full ownership of a local peer Cocoaland Holdings. According to sources, Fraser and Neave plans to buy all of the shares in Cocoaland that it does not yet own for just under 488.2 million MYR ($111.1 million) in total. Fraser and Neave first invested in the snack and drinks manufacturer Cocoaland in 2010 and …
US based company Atlas Holdings, owner of manufacturing and distribution businesses operating in various sectors, has announced the completion of the acquisition of Foster Farms, a producer of fresh and frozen poultry based in California. According to sources, Foster Farms has a history of being one of the leading brands in fresh chicken products in the west and has facilities in several US states. After the acquisition, Foster Farms will continue to …
Les Grands Chais de France (GFC) has closed two deals in Chile, marking the French wine group’s entry into South America. According to sources, the company recently announced the acquisition of Vina Las Ninas, which was purchased in 2021, a 40 hectares vineyard based in the Alpata region. That deal was closely followed by another. “GCF has already bought 150 hectares of vineyards in the Leyda appellation earlier in 2022, …
Germany confectionery company Katjes Group has acquired the UK gluten-free bakery Genius Foods through its venture-capital arm Katjes Greenfood. Founded in 2009, Genius Foods has a product portfolio of rolls, bagels, loaves, wraps, and pittas sold in the major retailers and in the foodservice channel. Last year, the firm achieved EUR40m (US$42.7m) in sales. With this acquisition, Katjes Greenfood aims to expand its gluten-free product market, which has been growing …
Specialty cheesemaker Dairyfood USA has been acquired by Borgman Capital, a private-equity company, that will merge the business with Gilman Cheese, an own-label cheese manufacturer. The acquisition will allow Gilman Cheese to expand its portfolio of products and production capacity. Dairyfood USA was founded in 1953 and sells products under the Glacier Ridge Farms, Queso de Casa, and Sonoma Jacks brands, the company also produces private label products such as …
UK seafood provider Northcoast Seafoods has been sold to a Dutch company Seafood Connection, a subsidiary of Japan’s Maruha Nichiro, for an undisclosed sum. With a workforce of 112 people, Northcoast Seafoods provides prawns and whitefish products to retailers. According to the Seafood Connection press release, both companies can complement each other and help Northcoast to grow thanks to the sourcing power of Maucha Nichiro. “Ever since I met the …
Starbucks and Bolthouse Farms have entered into a definitive agreement for Bolthouse Farms to acquire brand and business of Evolution Fresh. Evolution Fresh is a producer of cold pressed juice products which was owned by Starbucks since the 2010s. The transaction will allow Bolthouse Farms to expand its beverage portfolio with cold pressed premium juices, while Starbucks will focus on growing the core Starbucks business. Vice president of Starbucks’ global …
US giant food General Mills has entered into an agreement with Eagle Foods to sell Helper and Suddenly Salad businesses for a $610 million cash transaction. With the acquisition, Eagle Foods will create three diversified platforms focusing on growing centre store categories for retailers and continue investing in its growing snacks and milk business in parallel with this new investment. “We are builders of brands, categories, and people,” said Bernard …
Nestle Health Science agreed to acquire the Brazilian organic, natural, plant-based nutrition and health lifestyle food maker Puravida. The fast-growing brand Puravida was founded in Sao Paulo in 2015 to promote health through nutrition. With this agreement, the brand will complement Nestle Health Science’s portfolio in different categories with increased reliable, nutritious, and high-quality products. Monica Meale, head of Nestle Health Science Latam said in a statement: “Bringing together Puravida’s …
Canadian plant-based food supplier, Above Food, has acquired a local quinoa products supplier Northern Quinoa Production Corp. (NorQuin). NorQuin, is the leading quinoa producer in the world providing a broad portfolio of quinoa in a variety of formats, such as whole seeds, flour, flakes, crisps, IQF, multi-grain blends, among others. Lionel Kambeitz, CEO of Above Food, said: “The team at NorQuin has built a truly remarkable platform. Adding them to …
Lactalis, the French dairy giant, has confirmed the acquisition of Australia-based yogurt maker Jalna Dairy Foods together with a yogurt production facility in Melbourne and a milk farm in northern Victoria with around 90 employees, where the terms of the transaction weren’t disclosed. Jalna has a portfolio of yogurts made by blending pure milk with probiotics and natural ingredients. “This transaction expands Lactalis Australia’s yogurt portfolio of iconic brands with the …
E-commerce platform Hairydog Group has purchased the wholesaler S&P Liquor Group, which includes the retailer Liquor Emporium, for an undisclosed sum. According to sources, the staff at S&P Group will not undergo any changes due to the acquisition and the two bodies will also remain operating as standalone entities. Paul Ververis, the general manager of S&P Liquor, said “I’m delighted to continue to lead S&P Liquor and begin the relationship …
US food giant General Mills has announced the acquisition of TNT Crust, a manufacturer of high-quality frozen pizza crusts for pizza chains, foodservice distributors, and retail outlets, from Peak Rock Capital. According to sources, TNT Crust products are highly complementary to General Mills’ existing frozen baked goods portfolio. With this acquisition, General Mills aims to invest in its portfolio reshaping strategy and expand the “Away-from-Home” category. Shawn O’Grady, Group President …
Italian company Campari Group, owner of Aperol, has acquired the French aperitif Picon from Diageo for €119 million ($125.5 million). Created in 1837, Picon is a ‘market-leading’ aperitif that has achieved net sales of €21.5 million ($22.4 million) and CAAP of €12.9 million ($13.4 million) in the 2021 fiscal year. According to sources, France is currently Campari Group’s fourth-biggest market (5.9% of the Group’s net sales). With this acquisition, the …
Mondelez International, snack and confectionery multinational, announced the divestment of its market gum, and global Halls business. According to sources, included in the sale of its market gum business are brands such as Trident, Stride, and Dentyne, which are part of a segment with annual revenue of about US$450million. This decision was the output of a portfolio review in an investor day update to discuss the group’s long-term growth strategy. …
Cheese maker Sargento Foods has acquired the Wisconsin-based Baker Cheese Factory, due to the increasing demand for more convenient on-the-go dairy products. According to Sargento Foods, cheese snacking has become ‘one of the fastest growing sections of the cheese category’, so the firm decided to acquire the local mozzarella string cheese producer, which had recently been ‘growing aggressively’, to face that demand. The CEO of Sargento Foods, Louie Gentine, said: …
British supermarket chain Morrisons, owned by the US private equity group Clayton, Dubilier & Rice, was selected ahead of Asda owners’ in the bid for McColl’s chain ownership. According to sources, McColl’s was sold via a pre-pack administration, after the retailer’s lenders had declined a request to restructure its debt. With Morrisons’ offer, McColl’s stores and human resources will be retained. The 16,000 McColl’s staff will be transferred to Morrisons, …
FMCG giant Danone has announced the sale of its 25% remaining stakes in Yashili to Mengniu and the 20% of its holds owned in the Inner Mongolia Dairy joint venture. Simultaneously, the French giant announced the acquisition of the totality of Dumex Baby Food Co Ltd, a Chinese manufacturer of infant milk formula products, that had been previously sold by Danone to Mengniu in 2016. In a statement, Danone said: …
India based food firm, Adani Wilmar, has announced the acquisition of the rice brand Kohinoor from McCormick Switzerland GMBH. According to sources, Kohinoor was one of the pioneers in the branded basmati rice in India, and the company has a portfolio that includes the brand Kohinoor for premium basmati rice, Charminar for budget rice, and Trophy for the HORECA segment. This acquisition will give Adani Wilmar exclusive rights over the …
Belgian-Swiss cocoa processor and chocolate manufacturer, Barry Callebaut, announced plans to build a new specialty factory in Ontario, Canada. According to the firm’s press release, the new factory will be designed for the purpose of making sugar-free chocolate, high protein, and other various specialty products to meet new demands and an estimated initial production capacity of 50,000 metric tonnes of chocolate products. The president of the Americas region of Barry …
Mondelez International, snack and confectionery multinational, has agreed to pay US$1.3bn for the Mexican confectionery business Ricolino from bakery firm Grupo Bimbo. Ricolino was launched in 1970 and sells snacks and confectionery products including lollipops, marshmallows, chocolates, and gummies under its brand name, and Vero, La Corona, and Coronado brands. According to sources, this acquisition is part of Mondelez International expansion strategy outside the US, which has described Mexico as …
Plant Based and holistic wellness firm Simply Better Brands Corp. and Jones Soda Co, manufacturer and distributor of premium craft beverages, have announced that the two companies have executed a binding letter in which Simply Better Brands will acquire the Jones Soda company and its assets. According to sources, the combination of the two rapidly growing companies is expected to produce an accelerated growth in the areas of food and …
US firm Patriot Pickle, a company by private equity firm Swander Pace Capital, has announced the acquisition of the pickle business from distributor Farm Ridge Foods. Patriot Pickle, which is based in Wayne, New Jersey, manufactures and delivers a variety of refrigerated pickles, sauerkraut, and other pickled vegetable products around the US. Farm Ridge Foods distributes pickle products under its own brand and third-party brands and private labels. Bill McEntee, …
Netherlands based firm Machandel has sold its 40% share in the business to UK based food firm Windmill Organics, which has owned a 60% majority stake in the business since 2012. Windmill Organics was founded in London in 1978 and sells products in 30 different countries, owning brands such as Biona, Bonsan, and Amisa, that can be found in large retail chains. Windmill will now take full control of the …
Nestle has announced the acquisition of a majority stake in the German innovative spice mixes maker Ankerkraut, as the European private-equity firm EMZ Partners exits the German business. According to sources, the acquisition is part of the transformation of Nestle’s portfolio acquiring businesses with attractive growth prospects on consumer trends. “Our partnership with EMZ saw Ankerkraut go from strength to strength, and we thank the team for their support. We …
Northern Irish food manufacturer Kestrel Foods has announced the acquisition of non-HFSS granola brand, Just Live a Little Granola. Just Live a Little Granola will be joining Kestrel Foods’ portfolio which includes the Forest Feast and Acti-Snack brands as well as producing private label products in order ‘to continue its growth within the plant-based arena’. After the investment Kestrel Foods will be able to offer healthier products under more categories, …
Constellation Brands, a leading beverage alcohol company has acquired the remaining interest in ready-to-drink cocktail company, Austin Cocktails, from Austin, Texas. The female-founded Austin Cocktails is said to be rapidly growing and to be famous for its premium, award-winning bottled and canned craft cocktails. According to sources, Constellation Brands’ investment in Austin Cocktails started back in 2018 as part of Constellation Ventures’ Focus on Female Founders initiative and reinforces the …
Global confectionery giant Mars Wrigley has announced the investment of $175 million in the expansion of its chocolate manufacturing facility in Kansas. According to sources, the expansion plans include increasing the production of Snickers products as well as introducing two other confectionery bars to manufacture at the facility: Milky Way and 3 Musketeers. Additionally, it will include new equipment to improve the efficiency of the packaging process. The investment, which …
UK-based Post Holdings, Weetabix breakfast cereal maker, has acquired UFit protein shakes brand owner Lacka Foods. Founded in 2012, Lacka Foods manufactures high-protein and high-fibre shakes fortified with vitamins and minerals that also include a range of vegan, plant-based options made with pea protein and coconut milk. According to sources, the company will operate independently after the transaction and no changes will be made to the management team. Weetabix said …
Alcoholic drinks firm Diageo has announced the acquisition of 21Seeds, a rapidly growing flavoured tequila infused with real fruit juice brand. According to sources, 21 Seeds was founded in 2019 by three female entrepreneurs, Kat Hantas, Nicole Emanuel, and Sarika Singh with the goal of creating great-tasting, smooth spirits with a light touch flavour, easy to mix and enjoy. After the deal, they will continue to operate 21Seeds in partnership …
French dairy company Lactalis has entered into an agreement to acquire dairy businesses and brands of German company Bayerische Milchindustrie eG (BMI). According to sources, the agreement includes the firm’s production of fresh milk, yoghurt, quark, cream and ayran – a yoghurt beverage – as well as the manufacturing site in Wurzburg, Bavaria. BMI currently operates seven production facilities in Bavaria and Saxony-Anhalt and after the deal, the company plans …
Maruha Nichiro, a seafood processor, has announced that it has invested in US based frozen-food business Happi Foodi. Happi Foodi, which was originally a producer of Belgian waffles called Waffle Waffle. was renamed Happi Foodi after a rebranding in 2018, as it started to diversify, producing frozen ready meals, pizza, snacks, and appetisers. According to sources, Happy Foodi supplies its products to retail chains and also produces private label products. …
UK based biscuit companies Fox’s Biscuits and Burton’s Biscuits, owned by Ferrero, are merging into a single business called Fox’s Burton’s Companies UK. According to sources, on the 28th March 2022, the two firms merged and will now be led by Simon Browne, the previous head of Burton’s Biscuits. Simon Browne said: “After many years of looking at one another, we are excited about bringing together two businesses that share …
UK based multinational firm Diageo, producer of alcoholic beverages, has announced the agreement to sell its premium Scotch whisky brand, Windsor, to Bayside/Metis, a South Korean private equity group. According to sources, the agreement includes the brand’s W Series, and Bayside Private Equity and Metis Private Equity consortium are purchasing it for the price of KRW 200 billion (around $164 million). Sam Fischer, president of Asia Pacific and global travel …
South African consumer goods firm Tiger Brands has announced the investment in Herbivore Earthfoods, a producer of plant-based and vegan products. According to sources, Herbivore Earthfoods produces a vast range of alternative dairy and meat substitute products. This investment will allow Tiger Brands to reach new consumers looking for products that are healthier, with high nutritional benefits, and plant-based meat products, a type of product that has been high in …
US based Indoor farming company Local Bounti has announced that it is acquiring the rival indoor farming company Hollandia Produce Group for $122.5 million. According to sources, the acquisition of Hollandia, which sells its products under the Pete’s brand name, may offer financial stability to Local Bounti as the Hollandia’s revenue totaled $22.7 million in 2021 with the gross margins reaching 45%, whereas Local Bounti reported sales of $638,000 in …
UK chicken giant 2 Sisters Food Group has recently acquired British poultry producer Banham Poultry. According to sources, the Competition and Markets Authority announced that it had rubber-stamped the deal on the 25th March 2022, after a merger inquiry back in January on the initial review of the purchase. Ranjit Singh Boparan, CEO of 2 Sisters Food Group, made a move to purchase Banham Poultry last October with his own …
Consumer goods firm PZ Cussons has announced the acquisition of Childs Farm, the UK’s leading baby and children’s personal care brand. According to sources, after the investment, the maker of Carex soap and Original Source shower gel PZ Cussons will hold a 92% stake in Childs Farm for a total of £36.8 million ($48.5 million). Childs Farm portfolio includes bath and shower, skincare, and hair care products, all of those …
Private equity firm Goode Partners has announced a minority investment of $30 million in Jocko Fuel a provider of premium sport and lifestyle nutritional products. Founded in 2017, Jocko Fuel is a provider of a broad range of premium sports nutrition products, that focus on clean, natural, and functional ingredients offered in several formats such as clean energy drinks, powders, and capsules. “The strategic investment from Goode Partners validates Jocko …
Digital grocery specialist Ocado has announced its partnership with Auchan Poland to help the retailer develop the online business using the Ocado Smart Platform. Ocado and Auchan Poland will build a customer fulfillment centre in Warsaw starting in 2024, with more centres to be built after that. Ocado said that Auchan will benefit from its in-store fulfillment software that will enable more efficient picking from stores. Chief executive of Auchan …
Global food company LT Foods through its subsidiary LT Foods Americas has acquired a 51% controlling stake in Golden Star Trading Inc. along with its brand Golden Star. Golden Star Trading is an American company that markets jasmine rice products under the Golden Star brand being all GMO free, gluten free, and natural and/or organic. With the acquisition, LT foods will be able to expand and lead the Speciality Rice …
New Zealand dairy firm Fonterra and Indian food-led FMCG company Future Consumer have agreed to end their dairy joint venture in India. Fonterra is a global dairy nutrition company owned by 10,000 farmers and their families, united by a fundamental belief in the power of dairy to make a difference, while Future Consumer builds brands for India’s Fast Moving Consumer Generation. The joint venture between both companies started in 2018 …
The market-leading provider of premium artisanal meat products, Group of Butchers, has announced the acquisition of Menken Keuken. The acquisition will allow Group of Butchers to expand its portfolio of private label products with the addition of salads, dips, and tapas. Founder in 1997, Group of Butchers supplies meat products, ready meals vegetarian products, soups, and salads to supermarkets in the Netherlands, Germany, and Belgium. Commenting on the acquisition, the …
Real Drinks Group, known for bringing its innovative drinks to the market, has acquired the UK beer specialist distributor Beer Britannia for an undisclosed sum. The Real Drink Group will continue to curate, supply, and package branded and private label drinks, while Beer Britannia will complement and expand the offering of Real Drink Group into the off trade market across supermarkets, convenience stores, and off licenses in the UK. The …
Little Moons company, a family-run ice cream premium company, has sold a significant minority shareholding to private-equity firm L Catterton, for an undisclosed sum. Founded in 2010, Little Moons produces “ice cream from another world”, bite-sized balls of artisanal gelato wrapped in a layer of mochi dough without preservatives or artificial ingredients. Howard Wong, co-founder of Little Moons said, “This transaction marks an exciting milestone for Little Moons, which began …
Global retail giant Carrefour has announced a partnership with Electra Consumer Products and its subsidiary Yenot Bitan as part of its expansion strategy. This partnership will allow the global retailer to open stores under the Carrefour banner in Israel before the end of 2022 and will allow the sale of Carrefour branded products in more than 150 Yenot Bitan stores before summertime. Zvika Schwimmer, the Electra Consumer Products CEO said, …
Kroger, the leading US grocery retailer, has announced a partnership with plant-based food developer Impossible Foods to expand Kroger’s meat-free offering under the private label Home Chef brand, according to a Food Business News report. The Home Chef brand, which Kroger acquired in 2018, is said to encompass more than 500 products including ready meals, meal kits, and ready-to-eat products. Commenting on the partnership, Stuart W Aitken, chief merchandising and …
Fermented Food Holdings, a recently-established specialist food company that aspires to become a category leader, has announced it has acquired the Californian food brands Wildbrine and Bubbies. Both companies produce fermented produce ranging from pickles and sauerkraut to kimchi and salsa, Fermented Food Holdings said. Wildbrine has also recently released a new WildCreamery brand with the aim of producing cultured plant-based dairy alternatives. Commenting on the move, Fermented Food Holdings …
Leading Finnish food firm Valio has announced it has entered into an agreement to acquire Gold&Green, known for the Pulled Oats plant protein brand, from food and drinks firm Paulig for an undisclosed sum. The agreement includes all the rights to the Gold&Green brand, intellectual property, and research and development, but does not include other Gold&Green Foods operations or the Gold&Green Foods production site in Jarvenpaa, Paulig said in a …
US-based alcoholic drinks firm Breakthru Beverage Group has announced it has signed an agreement with beer distributor JJ Taylor to acquire and integrate the latter’s business in Minnesota. The move will strengthen the company’s position as it continues to expand its range of services and products, Breakthru Beverage Group said. The acquisition is expected to close later this spring season, and will also offer Breakthru Beverage Group enhanced operational capabilities …
Leading Spanish company Ebro Foods through its American subsidiary Riviana Foods has reached an agreement to purchase the assets of InHasvest for $48.75 million. InHarvest is a premier provider of rice, rice blends, exotic grains, & legumes with a strong presence in the industrial (B2B), Food Service, and Private Label businesses. The deal includes two production plants in California with a workforce of 140 people, generating a turnover of USD …
Multinational FMCG firm, The Kraft Heinz Company, has announced a joint venture with food tech start-up TheNotCompany in order to accelerate plant-based innovation globally. According to Kraft Heinz, the partnership’s goal is to reimagine food production and move toward a more sustainable future. By forming the partnership, the companies will be able to join forces to develop new plant-based co-branded versions of products, using TheNotCompany first-of-its-kind technology and artificial intelligence …
Golden Grail, a fast-growing company in the beverage sector, has announced the acquisition of Tickle Water, an innovative, premium sparkling water created for children, for an undisclosed amount. Founded in 2016, Tickle Water is a naturally flavoured sparkling water free from GMOs, gluten, sugar, sodium, calories, sweeteners, preservatives, and also Kosher certificated, available in four flavours, orange mango, watermelon, grape, and green apple. “Tickle Water is the fourth and latest …
Peak Rock Capital affiliate has announced the acquisition of Ziyad Brothers, a Middle Eastern and Mediterranean food distributor. Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. “Ziyad represents a unique opportunity to invest in an exceptional business and team that has differentiated itself as the unparalleled authority on Middle East and Mediterranean cuisine. Ziyad’s history …
Global Food and Ingredients (GFI) has announced the acquisition of Your Fitness Dish, a premium plant-based milk, and snack food company operating under the YoFiit brand. YoFiit is a manufacturer of high protein plant-based milk made with chickpeas, pea protein, and flax oil, and high protein plant-based and low sugar bars and granola. “We are very pleased to accelerate our plans to expand into the high growth plant-based milk and …
International bakery company Aryzta has doubled its manufacturing capacity in Malaysia by acquiring the bakery, equipment, and the corresponding land of co-manufacturer De-Luxe Food Services from Envictus International Holdings. The option to acquire the assets was part of the original agreement with Envictus, and it doubles the company’s manufacturing capacity in breads, buns, and pastries, which will help to meet its growing customer demands in the foodservice and QSR channels …
Canadian plant-based company Above Food, has announced the acquisition of Sonic Milling Systems, a food technology company focused on developing processing techniques for plant-based ingredients and products. Sonic Milling uses water and pressure to create microscopic air bubbles capable of breaking apart a diverse range of ingredients such as grain, pulses, fruits, and vegetables into clean-label liquids and sauces without the need for stabilizers or added oils. Lionel Kambeitz, CEO …
Azelis, a leading provider of food and chemical ingredients, has announced the acquisition of Tunckaya, a distributor of food ingredients and additives in Turkey. According to Azelis’ press release, the acquisition strengthens its position in the fast-growing Turkish market for food. “We’re very happy to bring Tunçkaya into the Azelis family. Their strong relationships in the food market and general market position is a fantastic addition for our lateral value …
Heaven Hill, a large, independent, family-owned, and operated distilled spirits supplier, has acquired Samson & Surrey a premium spirits company, owner of a wide portfolio of craft whiskey brands for an undisclosed sum. The acquisition expands Heaven Hill’s portfolio with six high-growth, super-premium brands, Tequila Ocho, Widow Jane American Whiskey, FEW Spirits, Brenne French Whisky, Bluecoat Gin and Mezcal Vago, and facilities. “Throughout our 86-year history, our focus has been …
Nestle Health Science, a business unit of Nestle SA, has acquired the majority stake in Orgain, a leading company in the plant-based nutrition business. According to Nestle’s press release, the acquisition will complement Nestle Health Science’s portfolio of nutrition products. Founder in 2009, Orgain makes protein-based shakes, powders, and snacks based on the belief that everyone deserves access to good, clean nutrition. “Nutritional protein plays a key role in supporting …
Leading salty snacks company with operations across the US and Mexico, Benestar Brands, has announced the acquisition of pork rind producer 4505 Meats. The acquisition will expand the wide portfolio of brands that Benestar owns in the snack category. 4505 Meats offers keto-friendly and paleo-certified meat snacks that it says are made prioritizing quality and using all-natural ingredients and responsibly raised meats. The company’s range includes pork rinds and recently …
Mexican leading poultry processor, Industrias Bachoco has announced the acquisition of RYC Alimentos, a multi-protein meat processor, and distributor. The deal includes two processing facilities and around 21 stores located in four states of the Mexican Republic. Founded in 1983, RYC is a market leader in the meat industry, distributing premium quality food products in Mexico and part of the United States with a workforce of more than 900 employees. …
Diageo, the leading alcoholic drinks company, has entered into an agreement to sell its Ethiopian brewery Meta Abo Brewery to BGI, a subsidiary of the French multinational Casteel Group. Meta Abo Brewery was acquired by Diageo in 2012 for US$225 million, and since then, the company has invested US$344 million to expand and transform the brewery industry in Ethiopia. The company brews bottled and draught beer using water sourced from a reserve …
Eat Beyond Global, an investment issuer focused on innovative food tech as well as plant-based and alternative food products, has entered into a definitive agreement to acquire Mylk Brands owner of Banana Wave for C$11.5 million. US-based, Banana Waves has a portfolio of five gluten-free, soy-free, and non-GMO beverages made from oats and real banana. All varieties have 90 calories or fewer and contain vitamin b, potassium, fiber, and protein. Michael …
Branded and private label food multinational C.H. Guenther has announced the acquisition of Baldinger-Sons bakeries for an undisclosed sum. The acquisition of Minnesota-based Baldinger bakery and Canada-based Sons bakery will help C.H. Guenther & Son to expand its bakery manufacturing capacity and strengthen relationships with quick-service restaurant customers. Founded in 1888, Baldinger bakes hamburger buns, rolls, bagels, and other bakery items for multinational quick-service (QSR) restaurant brands with operations in …
Winery company Vintage Wine Estates has announced the acquisition of Meier’s Wine Cellars, doing business as Meier’s Beverage Group. Founded in 1895, Meier’s is a leading producer, bottler, importer, and marketer of specialty beverage alcohol and non-alcohol products. The company owns a bonded winery, brewery, and distilled spirits plant with processing, blending and bottling capabilities for a broad variety of beverage alcohol and non-alcoholic products, including three bottling lines and a state-of-the-art …
Israeli-based food tech company DouxMatok has partnered with Blommer Chocolate to produce and sell a portfolio of chocolate products made with significantly less sugar content. DouxMatok offers sugar-based sugar-reduction solutions in response to consumers’ clear preference for taste and growing demand for healthier foods. The company produces Incredo Sugar, a product made from real cane or beet sugar, which allows for up to 50% sugar reduction by enhancing the perception …
Planting Hope Company, a manufacturer of plant-based food and beverages, has entered into a definitive agreement to acquire Betterer Foods, the producer of legume-based rice alternative RightRice, for $7 million. RightRice is a shelf-stable, non-GMO, gluten-free, plant-based, and kosher vegetable grain that is a blend of over 90 percent vegetables, including lentils, chickpeas, green peas, and rice, that delivers on both taste and nutrition. “The RightRice® brand and products add …
American leading beverage company has announced that it has formed a joint venture to acquire independent craft brewer Uinta Brewing for an undisclosed sum. Founded in 1993, Uinta produces award-winning beers in a wide variety of styles and flavours. “Uinta is a strong brand with a state-of-the-art brewery. The team and culture that has been developed over the years is second to none in the industry,” said Justin Fisch, president …
Yorkshire-based food company Regal Food Products Group has announced the acquisition of premium dessert manufacturer Just Desserts for an undisclosed sum. Founded in 1985, Just Desserts bakes over 130 hand-crafted desserts and cakes including tarts, cheesecakes, and gateaux distributed throughout the foodservice industry. Younis Chaudhry, CEO of Regal Food Products Group, commented: “We immediately recognised a business that presented itself with opportunity, not just for us as a food group …
Canadian leading distributors of global candy and chocolate confectionery brands Regal Confections has acquired local ice lolly firm Kisko Products for an undisclosed sum. Kisko is a manufacturer of freezer pops owning brands such as Mr. Freeze, Kisko and Mrs. J’s Natural, and licensed brands including Welch’s, Mott’s, and Crush. Mark Josephs, President of Kisko Products said, “We are incredibly proud of the impact our company has had for over …
Private equity firm MidOcean Partners has announced the acquisition of Casper’s Ice Cream, a manufacturer and distributor of frozen novelty and ice cream products in the United States. Founded in 1925, Casper’s Ice Cream produces a wide range of frozen products including ice cream sandwiches, cones, bars, sticks, cups, and other formats under brands such as FatBoy, Jolly Llama, and ChurnBaby. Daniel Penn, Managing Director at MidOcean, commented, “MidOcean has …
Leading beverage alcohol company Constellation Brands has entered into an agreement with The Coca-Cola Company in the United States to bring the Fresca brand into the beverage alcohol sector. The partnership will launch a new product this year, the new Fresca Mix, a distinctive line of spirit-based, ready-to-drink cocktails. “The Coca-Cola Company’s FRESCA® brand is not only trusted by consumers, but also directly delivers on consumer preferences for refreshment, flavor, …
Dutch family business of meat and alternative products, Schouten Europe, has announced the acquisition of Nijland Food from Goor, which recently declared bankruptcy. Both companies have been working together for twelve years, Nijland has been packaging products for Schouten and has also produced some Schouten products. According to sources, the acquisition of Nijland does not mean that Schouten will produce and package all its products itself. “We have always outsourced …
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital for $110 million. The sale includes assets of RW Knudsen and TruRoots brands, a licensing agreement for Santa Cruz Organic beverages and manufacturing facilities in Chico, California, and Havre de Grace, Maryland. Tina Floyd, vice president and general manager of consumer foods at JM Smucker, …
Perfect Day a subsidiary of The Urgent Company has announced the acquisition of US-based ice cream maker Coolhaus and announced plans to turn it into an animal-free brand. Coolhaus is a leading women-owned ice cream brand and a pioneer in dessert innovation and novelties with its thoughtfully-crafted, super-premium, and innovative ice cream and plant-based frozen desserts. “Bringing together our social and climate missions is deeply personal. We know the work …
Fazer, the leading Finnish bakery and confectionery firm, has announced the acquisition of the Swedish plant-based drink producer Trensums Food from Profuragruppen for an undisclosed sum. Trensums Food is a growth company and a leading oat drink producer in Europe, the company was the first in the world to commercially produce oat drinks selling its products to a large part of the world. The acquisition will provide Fazer with a …
Hain Celestial, a North American organic and natural products company, has announced that it has entered into an agreement to acquire That’s How We Roll brands, ParmCrisps and Thinsters, for approximately $259 million. ParmCrisps and Thinsters are better-for-you brands made of simple ingredients. While ParmCrisps are high-protein, low-carb cheese crisps and snack mixes, Thinsters are crispy thin cookies made from high-quality, non-GMO ingredients. “We are absolutely thrilled to be joining …
Global protein-based food company, JBS, has entered into an agreement to acquire King’s Group by its subsidiary Rigamonti. The deal will help JBS to strengthen its presence in the United States and Europe. With an investment of €82 million (US$ 92.5 million), the company acquires four plants in Italy and the entire operation of Principe in the United States, having a portfolio and structure for producing and distributing authentic Italian …
Multinational food company The Kraft Heinz Company has announced the acquisition of an 85% stake in German-based company Just Spices for an undisclosed sum. According to sources, the remaining 15% ownership stake in Just Spices will be retained by its three founders who will remain with the company once the acquisition is complete. Founded in 2014, Just Spices is a manufacturer of spices blends and salad dressings with a portfolio …
Potato and frozen food specialist McCain Foods has announced the investment of $55 million for a minority stake in Strong Roots, a plant-based frozen food company based in Ireland. The partnership will allow both companies to meet the rising consumer demand for healthy and natural food products. Strong Roots will continue to operate independently however will use McCain Foods’ global presence to expand its footprint in existing markets, and to …
Brothers Drinks Co has reached an agreement with Accolate Wines to reacquire the sparkling perry brand Babycham. Launched in 1953 and invented by Francis Showering, who helped start Brothers Drinks, Babycham was a popular alcoholic drink during the 60s and 70s described as a light, sparkling perry made from pear and soda water and has an ABV of 6%. “We are proud to welcome the Babycham brand back into our …
British soft drink maker AG Barr has entered into an agreement to acquire a 60% majority stake in plant-based milk manufacturer Moma Foods and plans to take full ownership of the company over the next three years. Founded in 2006, Moma is a manufacturer of dairy-free oat milk, bircher muesli, porridge, and low-sugar granola. Tom Mercer, founder, and chief executive at MOMA Foods, said: “I’m hugely excited to embark on …
Italian confectionery group Ferrero has announced the acquisition of remaining shares of the Ice Cream Factory Comaker and relevant group companies (ICFC). Ferrero initially acquired a controlling stake in ICFC in July 2019, to support its long-term strategic goals in the ice cream market. ICFC is a company specialised in private label ice creams distributing its product to several countries. According to the company’s statement, during the last two years, …
Philippines-based food and drink company Universal Robina Corporation (URC) has announced the acquisition of Munchy Food Industries for MYR 1.93 billion (approx. $453.8 million). Founded in 1991, Munchy Food Industries is a Malaysian- based biscuits manufacture with a wide portfolio of brands such as Munchy’s Cream Crackers, Lexus Cream Sandwich, Oat Krunch, Muzic Wafer, and Choc-O cookies, selling its product in over 50 countries worldwide. URC’s president and CEO, Irwin …
US food giant General Mills has agreed to sell its European dough business to Cérélia, a global leader in ready-to-bake dough solutions. The transaction, which is expected to close by the end of fiscal 2022, includes General Mills branded and private label dough business in Germany, the UK, and Ireland, including the Knack & Back and Jus-Rol brands. According to a statement released by the company, the sale is part of …
Natural spring water company BlueTriton Brands has announced the completion of the acquisition of certain assets of Saratoga Spring Water Company (SSWC). Founded in 1872, Saratoga Spring Water Company bottles natural spring water from Saratoga Spring selling throughout the United States and internationally. “We are thrilled to welcome Saratoga Spring Water Company’s products into the BlueTriton family,” said Tony W. Lee, managing partner of One Rock Capital Partners, LLC and …
Australian global winemaking and distribution business Treasury Wine Estates has reached an agreement to acquire wine business Frank Family Vineyards for $315 million. Founded in 1992 by Rick Frank, the Frank Family Vineyards has a portfolio of sparkling award-winning luxury hand-crafted wines complementary to Treasury Wine Estates offering. The acquisition includes the Frank Family Tasting Room, the Benjamin Vineyard, and the S&J Vineyard. Ben Dollard, Treasury Americas President commented, “The …
Unilever, the multinational consumer goods giant has announced the sale of its global tea business Ekaterra to CVC Capital Partners Fund VIII for €4.5 billion ($5.1 billion). Ekaterra has a portfolio of 34 tea brands such as Lipton, PG tips, Pukka, and T2, with 11 production facilities in 4 continents, and Tea estates in 3 countries generating revenue of around €2 billion in 2020. “The evolution of our portfolio into …
Multinational brewer Heineken has announced its plans to acquire Distell Group Holdings and Namibia Breweries to form a southern African drinks group worth €4 billion ($4.6 billion). The acquisition of Distell will be a push into wine and spirits for Heineken, with liqueur brand Amarula and wines labels Nederburg and Two Oceans. “We are very excited to bring together three strong businesses to create a regional beverage champion, perfectly positioned …
Danone, the food and beverage multinational, has announced the sale of its water and beverage business in Denmark, to Royal Unibrew, a Denmark-based brewing, and beverage company. According to sources, the sale is part of Danone’s strategic portfolio review and of the continuous optimization of its capital allocation. Royal Unibrew’s CEO, Lars Jensen, said: “I am very pleased to announce that we have entered into an agreement to acquire Aqua …
PlantPlus Foods a provider of plant-based protein products has entered into an agreement to acquire Sol Cuisine and DEW Drink Eat Well. With the acquisition of the two companies, PlantPlus Foods will enhance operations in North America accelerating the growth of the plant-based protein category. DEW Drink Eat Well produces free-from plant-based burgers and sausages under Hilary’s brand in the USA and Canada. Canada-based, Sol Cuisine is a producer of …
The Hershey Company has announced the acquisition of two pretzel companies, Dot’s Pretzels LLC and Pretzels Inc for approximately $1.2 billion. Founded by Dot Henke in her home kitchen, Dot’s Pretzels started as a family business creating high-quality homemade pretzels. Pretzels Inc is a co-manufacturer of pretzels for Dot’s Pretzels and other brands, being a leading innovator in the pretzel category. The company operates three manufacturing facilities, which will help …
Glanbia plc and Glanbia Co-op have today announced they have signed a non-binding memorandum of understanding for the sale of 40 per cent stake in Glanbia Ireland to Glanbia Co-op for a purchase price of €307 million ($352 million). The transaction will allow Glanbia to focus on its two growth platforms, Glanbia Performance Nutrition and Glanbia Nutritionals, as well as strategic joint ventures. “Glanbia Ireland has a successful heritage, and …
Spanish-based foods business Grupo Palacios has announced the acquisition of a majority stake in Rhokett, a chilled dessert supplier, for an undisclosed sum. Founded in 2002, Rhokett offers a wide range of hand-finished cheesecakes and other desserts from three production facilities. Grupo Palacios sells meat products, refrigerated pizzas, ready-made tortillas, prepared dishes, and desserts to more than 40 countries. The company has five production facilities in Spain and one in the …
Nature’s Path, an organic breakfast and snack food company, has acquired a majority stake in Anita’s Organic Mill, a producer of organic flours and baking products. Founded in 1997, Anita’s Organic Mill is said to be one of the most respected millers and manufacturers of organic whole grain flours in Canada, sourcing organic grains from local farmers. Its product range includes whole grain and sprouted flours, cereals, flour blends, mixes and gluten-free …
Food investment specialist group BiaVest has partnered with Development Capital to acquire Nomadic Dairy from Donegal Investment Group for an upfront consideration of €23 million ($26 million) and €6 million ($7 million) as a deferred consideration contingent on financial performance next year. Nomadic Dairy has a portfolio of six yoghurt-based products with more than 20 varieties and flavours made with locally sourced Irish farm milk. The company supplies its dairy …
Utz Brands, the US savoury snack company, has announced the acquisition of crisp maker RW Garcia for $56 million. Founded in 1982, RW Garcia is a family-owned manufacturer of organic gluten-free tortilla chips, crackers and corn chips. The firm has manufacturing facilities located in Nevada and North Carolina. “We expect this strategic acquisition will enable strong supply chain synergies, enhance our ability to expand distribution of our existing brands, and …
Phillips Distilling, a US spirits brands, has announced the acquisition of the Leroux and Kamora brands from Beam Suntory for an undisclosed sum. The Kamora brand is a coffee liqueur in the US and Canada made with savoury coffee beans infused with vanilla, chocolate and caramel notes. The Leroux brand range comprises 19 varieties of liqueur and eight flavoured brandies. The flavoured brandies led by Polish Blackberry Brandy, are claimed to …
Coca-Cola, the multinational drinks company, has announced the acquisition of the remaining stake in BodyArmor, a US sports drink, for $5.6 billion. In 2018, Coca-Cola acquired 15% stake in BodyArmor with a path to full ownership. The company will operate as a separate business and maintain its base in New York. “BodyArmor has been a great addition to the system lineup over the last three years, and the company has …
Multinational Mexican bakery firm Grupo Bimbo has acquired Popcornopolis from private equity firm NexPhase Capital through its Barcel USA subsidiary for an undisclosed sum. Founded in 2003, Popcornopolis is a California-based manufacturer of ready-to-eat gourmet popcorn snacks, best known for its cone-shaped packaging and indulgent flavours such Zebra, Unicorn, and Doble Drizzle. “We have only scratched the surface of the potential of this brand, and we are excited to introduce …
George Weston has announced it has entered into an agreement to sell its Weston Foods fresh and frozen business to affiliated entities of FGF Brands, a technology-oriented bakery company, for an aggregate cash consideration of C$1.2 billion ($970.6 million). The Weston Foods fresh and frozen bakery businesses serve retail and foodservice customers with packaged fresh bread and rolls and alternatives, as well as frozen and artisan bread and rolls, cakes, …
Granarolo, an Italian dairy company based in Bologna, has announced the acquisition of 100% of Calabro Cheese, a US fresh cheese distributor. The acquisition will allow Granarolo to build a strategic platform to distribute its wide range of typical and PDO products from Italy, the company said. “The consolidation of Granarolo in the USA is an important step in the Group’s foreign growth policy”, said Granarolo chairman Gianpiero Calzolari. “The …
Biscuit International, a leading player in the private label biscuit market in Europe, has announced the acquisition of Continental Bakeries from its majority shareholders Goldman Sachs Asset Management. Continental Bakeries is described a leading European manufacturer of private label sweet biscuits, bread replacements, and toast with production facilities in the Netherlands, Belgium, Germany, Poland, and Sweden and a workforce of 2,300 people. The acquisition will allow Biscuit International to grow …
Lark Distilling, Australia’s leading single malt whisky distillery, has announced the acquisition of Kernke Family Shene Estate, in an A$40 million ($29 million) deal. The acquisition of Kernke Family Shene Estate, the owner of the Pontville Distillery and Estate, will include 40 acres of land and buildings, a 130,000-litre distillery, a cellar door, eight bond stores, a working cooperage, and the historic stables and homestead. Lark Distilling managing director Geoff Bainbridge said the …
Swift Prepared Foods, a subsidiary of global meat firm JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats for $90 million. Founded in 1990, Sunnyvalley Smoked Meats is a producer of smoked bacon, ham, and turkey products with gross revenues of $150 million annually. The company’s operates a production facility employing over 300 people. Swift Prepared Foods was acquired by JBS USA in 2017 and currently operates seven production facilities. …
Savencia Fromage & Dairy has announced the acquisition of Hope Foods, a US producer of plant-based products, for an undisclosed sum. Hope Foods has a manufacturing facility able to produce a wide range of plant-based products including its organic hummus made using state-of-the-art technology to retain freshness, peak flavour, and nutritional benefits, Savencia Fromage & Dairy said in a statemnt. “Hope enlarges our brands portfolio in the USA into fast …
US private equity firm Clayton Dubilier & Rice (CD&R) has won an auction to acquire the Morrisons supermarket chain with an offer of £7 billion ($9.4 billion), outbidding Fortress Investment Group, according to an Insider Media report. CD&R reportedly bid £2.87 in cash for each Morrison share, beating the £2.86 offer made by Fortress Investment Group. Morrisons has a workforce of about 120,000 staff in the UK, including across its 497 supermarkets, as …
Dr. Oetker, the leading food multinational, has announced the acquisition of India-based start-up Kuppies, marking its debut in the ready-to-eat cakes and desserts segment. Describing itself as an Indian company with a western palate, Kuppies specializes in western savoury and dessert products and has a product portfolio that straddles ambient, fresh and frozen foods. Oliver Mirza, Dr. Oetker India managing director and CEO, commented: “This acquisition will enable us to present Indian consumers a …
US-based condiments, seasonings, and spices producer Sauer Brands has entered into an agreement to acquire Mateo’s Gourmet Salsa a shelf-stable salsa maker for an undisclosed sum. Founded in 2010 in Texas, Mateo’s Gourmet Salsa is described as one of the US’s leading independent salsa brands, marketing a wide range of salsas positioned as “all-natural”. The acquisition of Mateo’s Gourmet Salsa allows Sauer Brands to enter into the salsa business as …
Nomad Foods, Europe’s leading frozen food company, has announced the acquisition of east European frozen foods business Fortenova Group for a purchase price of approximately €615 million ($694 million). Fortenova Group has a portfolio of products such as fish, ready meals, fruits, vegetables, pastry, and ice cream marketed under the Ledo and Frikom brands. The company operates in attractive markets that are new to Nomad Foods, including Croatia, Serbia, Bosnia & Herzegovina, …
Leading Italian food company Barilla and consumer goods multinational Unilever have entered into a strategic agreement to sell ice cream and snacks in Italy, according to a Reuters report. The deal, agreed between Barilla and Unilver’s Algida division, will reportedly tap into increased demand, especially in the summer season, and allow Barilla to compete with larger overseas companies. Francesco Del Porto, head of the Italy Region at Barilla, said: “We are convinced that …
Kraft Heinz, the multinational food firm, has entered into an agreement to acquire the Brazilian sauces and condiments company Hemmer. Founded in 1915, Hemmer is makes pickled and preserved food, condiments, olive oil and beverages and has a portfolio of 250 products. The acquisition is part of Kraft Heinz’s strategy of growing its International Taste Elevation product platform and its presence in emerging markets. Last June the company also acquired Assan …
Private holding company HumanCo has acquired a majority stake in grain-free foods maker Against the Grain, according to a Food Business News report. HumanCo has a portfolio of plant-based and natural products such as Coconut Bliss ice cream, and Monty’s vegan cheese and speads Against the Grain is specialised in grain and gluten-free frozen pizzas, bread, rolls, bagels, and baking mixes that are formulated with tapioca starch and buckwheat flour. “As …
Private investment house Ardian has announced the acquisition of a majority stake in Florida Food Products (FFP) from MidOcean Partners for an enterprise value in excess of $1 billion. Founded in 1954, Florida Food Products is a producer of vegetable and “fruit-based” clean label ingredients. The firm is described as the largest provider of clean label cures for the protein sector, with a rapidly growing portfolio of natural ingredients with …
Thai Union, a leading seafood company, has announced a 10% strategic investment in food ingredients company R&B Food Supply (RBF) valued at around 3 billion THB ($90 million). Thailand-based RBF is specialised in flavours, colours, and coatings. With the acquisition, Thai Union said its intention was to accelerate its growth in the food ingredients industry. “We look forward to working closely with the RBF team to unlock growth as, together, we continue …
BelGioioso, a US-based manufacturer of Italian cheeses, has entered into an agreement to acquire Polly-O from Kraft Heinz and Lactalis, according to a Deli Market News report. The acquisition of Polly-O, an Italian cheese brand, will expand BelGioioso’s portfolio and add to its existing Casaro brand range. Founded in 1899, Polly-O is known for its ricotta, mozzarella and string cheeses. “We are thrilled to add the Polly-O brand to our portfolio and want to …
Full Sail IP Partners has announced the acquisition of juice and smoothie brand Odwalla from Coca-Cola for an undisclosed sum, according to a Reuters report Founded in 1980, Odwalla is a producer of plant-based fruit juices, smoothies, and energy bars. According to sources, Full Sail IP Partners plans to expand the Odwalla brand beyond the drinks category into food and supplements, making products with health benefits. Full Sail IP Partners …
Spanish-based snacks company Grupo Apex has acquired nut and seeds producer Emilio Arias Lizano for an undisclosed sum. Located in Ciudad Real, Productos Emilio Arias Lizano produces a wide range of nut and seed snacks including sunflower seeds, peanuts, hazelnuts, almonds and pumpkin seeds. According to sources, Grupo Apex sees sunflower seeds as a strategic snacking product for Spanish consumers and therefore a necessary addition to its portfolio. In the last ten years, Grupo …
Multinational tobacco firm Altria Group has announced that its subsidiary, UST LLC, has entered into a definitive agreement to sell its Ste. Michelle Wine Estates to Sycamore Partners Management private equity firm for a price of approximately $1.2 billion. Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and among the largest premium wineries in the United States, farming more than 30,000 acres and distributing its wines …
Retail and telecoms conglomerate Sonae has announced the acquisition of 95.4% of the share capital and voting rights in Claybell, owner of the Gosh Food plant-based foods brand, via its Food4Future subsidiary for £64 million ($85 million). UK-based Gosh Food is a manufacturer of free-from products such as burgers, sausages, and bites trading under the Gosh! brand, as well as a private label producer for retailers and foodservice channels. The …
Emmi Roth, a subsidiary of Switzerland-based Emmi Group, has announced the acquisition of Athenos, a Mediterranean-style food brand, from Lactalis Group. Athenos, known as a leading feta cheese brand in the US, will complement Emmi Roth’s offering, strengthen its position in the US cheese business, and create additional export opportunities for Swiss cheeses the company said. “This is an exciting day for Emmi Roth”, said Tim Omer, president and managing …
Saputo, the Canadian dairy giant, has announced the acquisition of the Carolina Aseptic and Carolina Dairy businesses from AmeriQual Group for $118 million in a bid to strengthen its presence in the US market. The two new acquisitions will help Saputo to quickly tap into growing demand for aseptic protein beverages and nutritional snacks, the company said. Located in North Carolina, Carolina Aseptic develops, manufactures, packages, and distributes aseptic shelf-stable food …
Agthia, the leading Middle East food and drinks firm, has announced that it has acquired a 100% stake in BMB Group for an undisclosed sum. Founded in 2007, BMB Group is described as an innovative healthy snack and food company with a large portfolio of confectionery and other food brands such as Asateer, Al Qamar, Freakin’ Healthy, and Benoit, distributing over 2,000 SKUs across 23 countries. The acquisition of BMB …
B&G Foods, a manufacturer of branded shelf stable and frozen products, has announced the sale of its Portland facility to the Institute for Digital Engineering and Life Sciences. The move to sell the 13.5-acre waterfront property is part of B&G Foods’ plans to improve productivity and reduce overall costs, the company said. “The Portland community has been the home to B&M for more than a century, and while this was …
McCain has signed an agreement to sell its Australian Sara Lee baked foods business to New Zealand-based group South Island Office (SIO) for an undisclosed sum, according to a Food Business News report. Sara Lee will join Original Foods Baking, a complementary company acquitted by SIO in 2020, which makes brownies, slices and bites. The partnership will allow both businesses to gain exposure to new channels and markets, SIO said. …
Aryzta, the Switzerland-based manufacturer of bakery products, has announced the sale of its Brazil business to Mexican Grupo Bimbo, according to a report in Just Food. This sale is described as being in line with Aryzta’s commitment to focus its business on European and Asina markets. The company had earlier this year sold its North American business to an affiliate of US private equity firm Lindsay Goldberg. Urs Jordi, Aryzta chairman and …
US drinks business First Bev has announced it has acquired a controlling stake in the California-based kombucha firm Health-Ade. Founded in 2012, Health-Ade markets itself as a producer of “feel-good, bubbly beverages” with gut-health benefits, such as kombucha, prebiotic sodas and cocktail mixers, and has annual retail sales of over $200 million. “I couldn’t be more excited for Health-Ade to have someone with Jack’s experience and credentials step into the …
Coca-Cola HBC, the Swiss-based international bottling company, has announced the acquisition of Coca-Cola Bottling Company of Egypt (CCBCE) for $427 million. The deal will give access to the second largest non-alcoholic ready-to-drink market in Africa by volume, Coca-Cola HBC said, adding that the acquisition also aims to increase the penetration of the Coca-Cola Company’s brand portfolio and expand the brand’s presence in high-growth areas. Coca-Cola HBC CEOZoran Bogdanovic, said: “We …
Diageo, the leading alcoholic drinks firm, has announced the acquisition of Mexican Mezcal Union through beverage producer Casa UM for an undisclosed sum. Both companies had previously worked in partnership, which reportedly enabled Mezcal Union to grow its brand distribution network in Mexico, the USA, and other countries. With this acquisition, the company will continue to be involved in the operations and supports its traditions, Diageo said. Mónica Michel, marketing …
US-based Mizkan America (MA), a sauces and seasonings business, has announced the acquisition of Born Simple, an American organic barbecue sauce and broth brand. According to MA, the acquisition will allow it to expand into the natural foods channel and reach a new generation more attached to authentic and simple products. MA President and chief operating officer Diego Palmieri said: “Born Simple is an exciting addition to the Mizkan family …
Diversified Irish food business Valeo Foods has announced the acquisition of New World Foods Europe (NWFE), a British meat snack producer. Valeo Foods, which was recently acquired by Bain Capital Private Equity, owns brands such as Rowse honey, Kettle crisps, and Jacob’s biscuits. NWFE has beeing selling products under the brands Kings, Wild West, Speyside and Cruga, as well as The Meatsnacks Group, since 2018. The company has a workforce …
Brazilian meat firm JBS has entered into an agreement to acquire Australian trout and salmon business Huon Aquaculture for A$425 million ($312.5 million), according to a FoodBev report. Based in Tasmania, Huon operates fish farms and markets fish products across Australia. According to sources, the purchase is a strategic acquisition for JBS, creating a new growth platform for the business within the aquaculture sector. Commenting on the deal, Peter Bender, Huon …
PAI Partners, a French private equity firm, has announced an agreement to acquire Tropicana, Naked and other juices brands from US food and beverage company PepsiCo for about $3.3 billion. Pepsi Co will retain the exclusive US distribution rights to the brand portfolio. According to sources, the benefits from the sale are expected to enhance PepsiCo’s balance sheet and allow it to make organic investments. PepsiCo chairman and CEO Ramon …
Zoglo’s Incredible Food (Zoglo’s), a Canadian plant-based food company has announced it has acquired 50.5% interest in British Monday Swiss. Monday Swiss was founded in 2012 and manufactures a range of plant-based food products, including the Veggie Day and Monday Swiss lines. The experience in product development of Monday Swiss will allow Zoglo’s to expand and develop a new generation of plant-based foods. CEO of Zoglo’s, Anthony Morello said: “The …
Heineken, the multinational Dutch brewer, has announced the acquisition of United Breweries Limited (UBL) the India-based brewing company. The movement comes after the acquisition of additional shares, taking its shareholding in UBL to 61.5% on 23 June 2021. According to Heineken’s press release, India is an existing long-term growth opportunity for the company due to the emerging middle-class population in a country with a population of nearly 1.4 billion people. …
Grupo Bimbo, the Mexican bakery company has announced the acquisition of Emmy’s Organics, a US-based organic cookie producer. According to Grupo Bimbo, Emmy’s Organics is a manufacturer of ultra-premium organic cookies and a major player in gluten-free cookies. The company added that this acquisition allows an “entry point into the quickly growing better-for-you cookie and sweet baked goods market”. Bimbo CEO Daniel Servitjesaid said: “We continue to see strong demand …
Flagship Food Group has acquired a majority stake in Tortilla King, the US tortilla and tortilla chips producer. Flagship, majority owned by Creo Capital Partners, sells a wide range of food products and services under the 505 Southwestern, La Tortilla Factory, Lilly B’s, Hatch Kitchen, TJ Farms, and other brands. Tortilla King is known for its premium tortillas and tortilla chips under Mama Lupe’s brand, being also a manufacturing partner …
Rio Branco Alimentos, owner of Pif Paf and other brands such as Fricasa, and Ladell, has announced the acquisition of Uniaves, the largest chicken producer in the Espirito Santo state. Uniaves is completing 12 years in the market and produces around 80 products, in different lines, sold in traditional retail and food service, in addition to being exported to several countries. According to sources, with the acquisition, Pif Paf will …
British investment firm, S-Ventures has acquired Pulsin, a plant-based nutrition company for £7.5 million ($9.99 million). Pulsin produces plant-based products such as protein and keto bars, powders, and shakes under its own brands as well as third parties. The acquisition follows S-ventures willingness to diversify in the health and wellness foods segment, earlier this year the company acquired Ohso Chocolate, a probiotic chocolate brand and We Love Purely, a plant-based …
German company Henkel has announced the acquisition of Swania SAS, a household care supplier based in France. The acquisition will allow Henkel to strengthen its position in the detergents and cleaning products market committed to limiting the impact on the environment. Swania is a French ecological home care company which portfolio includes Maison Verte a brand with detergents and household care products certified with the Ecolabel. Chairman of the Henkel …
Spanish food company Ebro Foods has announced the sale of part of its Panzani unit to French private equity firm CVC Capital Partners for EUR550 million (US$648.4). Ebro Foods has a leading position in the global pasta and rice markets, with brands such as Panzani, Olivieri, Bertagni, Garofalo, Santa Lucia, Russo de Cicciano, and Roland Monterrat, among others. The agreement includes the dried pasta, couscous, sauces, and semolina divisions of …
Canadian plant-based company Above Food has announced the acquisition of two plant-based brands Only Oats and Culcherd. Only Oats is a premium certified gluten-free whole oat company sourcing, developing, manufacturing, and marketing oat-based ingredients and oat-based consumer products, while Clucherd is a 100% certified organic, vegan dairy alternative company. The acquisition, according to the company’s press release, has been done to meet the increasing demand of consumers for oat-based products …
Unilever, the multinational consumer goods giant has announced a strategic partnership with Arzeda, the industry-leading Protein Design Company. Arzeda is a synthetic biology company that creates novel proteins, enzymes derived from nature, and specialty chemical products used through smart technologies to optimise their functionalities. Over the next three years, Unilever will use Arzeda’s world-leading digital biology techniques to innovate its own cleaning and laundry portfolio. Peter ter Kulve, Unilever Home …
Japanese-American world leader in premium spirits firm Beam Suntory has announced that it has formed a long-term strategic partnership with The Boston Beer Company. According to Beam Suntory’s statement, the goal of the partnership is to expand iconic brands across fastest growing alcoholic beverages segments. The companies plan to initially launch Sauza tequila in the ready-to-drink beverages format and to introduce Truly Hard Seltzer into bottled spirits. Dave Burwick, CEO …
Savola Group, a Saudi food conglomerate, has signed an agreement to acquire Bayara, a UAE-based manufacturer of nuts, spices, grains, pulses, dates and other dried fruits, for $260 million. Founded in 1993, Bayara is said to process 23,000 tonnes of goods a year, operating in the UAE and Saudi Arabia with a workforce of 900. Savola sells staples, such as olive oil and sugar, with sales in fifty countries. According …
Global retailer Spar has announced a partnership with Guizhou Heli Supermarket Group, a retailer that operates over 100 supermarkets, shopping centres, and department stores in Guizhou, China. The partnership has been in place since 1 July 2021 and will enable Spar to grow by expanding into Guizhou province, the company said. The partnership will allow Guizhou Heli to continue focusing on the local market, whilst collaborating with Spar to create …
Multinational tobacco firm Altria Group Inc has announced that its subsidiary, UST LLC, has entered an agreement to sell the Ste Michelle Wine Estates business to Sycamore Partners Management, LP., a private equity firm specializing in consumer, retail, and distribution investments. According to sources, the sale will enable Altria to focus on their vision of transitioning adult smokes to a ‘non-combustible future’. Billy Gifford, Altria’s chief executive officer said: “Ste. …
Independent drinks bottler Refresco has announced that set to acquire the Germany-based beverage company Hansa-Heeman. Hansa-Heeman, which employs around 800 people, manufactures drinks for both private labels and manufacturer brands. 60% of the firm’s volume is in mineral water, with the remaining 40% in carbonated soft drinks. Its annual revenue is approximately €300 million ($356 million). Refresco said it would acquire brands such as Furst Bismarck, Hella, and St. Michaeli, …
South Africa-based food business Rhodes Food Group (RFG) has announced the acquisition of the frozen food business of domestic peer Pioneer Foods for an undisclosed sum. Pioneer Foods’ frozen foods portfolio includes pies, pastries, sausage rolls, pizza, and party packs, and the brands Today, Mama’s, Big Jack, and Man’s Meal. Manufacturing is conducted from a facility in Atlantis in the Western Cape and products are distributed nationally, according to RFG. …
Danish beverage firm Royal Unibrew has signed an agreement to acquire French energy drink business MC Energy, owner of the Crazy Tiger brand, in a deal worth $97 million. Crazy Tiger reportedly holds around 10% volume share in the French energy drinks markets and employs 25 staff. Its flagship product is available in both bottles and cans and features a formulation based on caffeine, taurine, and vitamins. Royal Unibrew said …
UK supermarket chain Morrisons has agreed on a takeover offer from a consortium led by US-based Fortress Investment Group in a deal worth $9.01 billion, according to BBC and FoodBev reports. Morrisons, which has around 500 outlets and a workforce of more than 110,000, had previously rejected a bid from another US private investment group which valued the company at $7.65 billion. Fortress Investment Group’s previous UK investments include alcoholic …
KDV Group, the Russia snacks, and confectionery firm, has agreed on a deal to become a leading shareholder in Hak, the Dutch vegetable business, by signing a preliminary purchase agreement to acquire a stake previously held by NPM Capital. KDV Group operates 15 factories and has a workforce of more than 20,000 employees. It sells its products in 35 countries, mainly in Eastern Europe, Russia and China. The company’s principal …
Mutandis, a Morocco based “brand accelerator” for the consumer goods industry, is set to acquire Season, described as the US brand leader in premium canned sardines, from current owner RAB Food. Founded in 1921, Season brand tuna is sourced from a range of producers, but especially from firms based in Morocco. As well as sardines, the Season brand range includes kippers, anchovies, mackerel, and a caviar alternative. In 2020, net …
French dairy multinational Danone has announced it has acquired a majority stake in Harmless Harvest, a US business offering coconut-based drinks and yoghurt, through its corporate venture arm Danone Manifesto Ventures (DMV). DMV first invested in Harmless Harvest in 2017 as part of a $30 million capital growth round. Founded in 2009, Harmless Harvest is described as a leader in the fast-growing premium coconut water category in the US. It …
Tobacco manufacturer Philip Morris International (PMI) has announced the acquisition of Fertin Pharma for DKK 5.1 billion (approximately USD 820 million). Fertin Pharma is a leading developer and manufacturer of innovative pharmaceutical and well-being products, specializing in the research, development and production of gums, pouches, liquefiable tablets, and other solid oral systems for the delivery of active ingredients, including nicotine. The company has more than 850 employees in its facilities …
Australian wine business Accolade Wines has announced the acquisition of the Lambrini perry brand from Halewood Artisanal Spirits for an undisclosed sum. Founded in 1994, Lambrini is a light and fruity perry manufacturer in the UK. According to sources, the deal follows Accolade Wines’ growth strategy to expand its presence in the UK. Lambrini will join Accolade Wines’ portfolio which already includes brands such as Hardys, Echo Falls, Jam Shed, …
Swiss Barry Callebaut Group, manufacturer of high-quality chocolate and cocoa products, has signed an agreement to acquire Europe Chocolate Company (ECC), a Belgian privately-owned manufacturer of chocolate specialties and decorations. The acquisition will expand Barry Callebaut’s chocolate molding capabilities and allow the group to offer tailor-made solutions as well as cater to the increasing demand. Founded in 1993, ECC manufactures a wide range of industrial specialty chocolates and decorations such …
Once Upon a Farm, a US children’s nutrition business, has announced the acquisition of Raised Real, an organic, plant-rich baby food meal delivery company for an undisclosed sum. The deal will expand Once Upon a Farm’s growing organic, refrigerated pouch portfolio to include frozen meal options and will also reintroduce the line of organic meals later this year. “We’ve watched and admired Raised Real’s approach and products for over 3 …
Italian Wine Brands (IWB), an Italian winery, has announced the acquisition of 100% of its peer Enoitalia for an equity value of €150 million ($179 million). With both companies each generating a little over €200 million ($239 million) in annual sales, the deal is set to create Italy’s largest private wine company. The acquisition of Enoitalia will also support IWB’s geographic expansion, by virtue of the former’s presence in markets …
New Zealand dairy firm Fonterra, has agreed to sell off its two joint-venture farms in China to Singapore-based AustAsia Investment Holdings for $115.5 million. Fonterra has a 51% stake in the business and will receive NZD88 million (US$62.3m) in total asset sale proceeds, including cash on completion. To Fonterra CEO Miles Hurrell, the sale is another important step for the Co-operative and aligns to its strategy of prioritising New Zealand …
Brazilian retailer GPA SA is reportedly considering a spin off of its Colombian unit Almacenes Exito, in an operation that would deliver shares in the subsidiary to GPA shareholders, including the French Casino Guichard Perrachon, according to sources. The transaction would be similar to the recent spin off of GPA’s cash and carry unit, Assai, and it would be part of the French group Casino strategy to simplify its structure …
GenTech Holdings, emerging leader in the high-end premium coffee and functional foods has announced the acquisition of protein bar brand NxtBar. According to sources, the company has signed a letter of intent to purchase NxtBar. NxtBar produces a range of protein bars that are claimed to be keto-friendly, low in carbohydrates, low in sugar, paleo friendly and gluten free. GenTech Holdings plans to increase the bars’ sales footprint. Leonard Armenta, …
Australian craft drinks firm Mighty Craft is set to add the Adelaide Hills Distillery, Mismatch Brewing, and Hills Cider brands to its portfolio through the acquisition of alcoholic drinks firm Adelaide Hills Group, in a deal worth A$47 million ($36 million). The Adelaide Hills Distillery’s range includes gins and Australian whisky under the 78 Degrees brand name, as well as a range of vermouths and aperitifs. The Hills Cider lineup …
Kraft Heinz, the leading US food and drinks multinational, has announced an agreement to purchase Turkish sauces business Assan Foods for approximately $100 million. Assan Foods manufactures and sells a wide range of products including tomato paste, ketchup, mayonnaise, and pasta and meat sauces under brands such as Colorado, Kingtom, and Oba, as well as private label. With approximately 400 employees, Assan Foods serves the domestic market and exports to …
Livekindly Collective, described as an activist network focused on meat-free foods, is set to acquire The Dutch Weed Burger, a Netherlands-based company that uses seaweed to make plant-based meat alternatives, according to a FoodBev report. Founded in 2019, The Dutch Weed Burger offers a wide variety of plant-based foods enriched with algae and microalgae, such as Weed Burger, Weed Balls, Weed Dogg, Seawharma and Nuggets. The firm, whose products are …
Flowers Foods, a producer of baked foods known for brands such as Nature’s Own, Dave’s Killer Bread, Wonder, and Canyon Bakehouse, has announced it has acquired the assets of Koffee Kup Bakery (KKB) from the court-appointed receiver for an undisclosed sum. Based in Vermont, KKB produces a range of baked goods, including bread, doughnuts and English muffins, serving customers in the Northeast and Mid-Atlantic regions, but fell into financial difficulties …
Frito-Lay, a division of PepsiCo and leading snack manufacturer has announced it is to invest $200 million on its Rosenberg, Texas, site. The investment will be used to create two manufacturing lines for snack brand Funyuns and tortilla chips, as well as increase the capacity in its warehouse. Expected to be complete by 2023, the expansion will create 160 new full-time jobs. “The Rosenberg site has the largest footprint of any Frito-Lay facility …
British consumer goods multinational, Reckitt Benckiser has signed an agreement to sell its infant formula and child nutrition business in China to a private equity firm Primavera for $2.2 billion. The deal includes a manufacturing site in Nijmegen, the Netherlands and Guangzhou, China, and the royalty-free perpetual and exclusive licence of the Mead Johnson and Enfa family of brands in China. According to sources, Reckitt Benckiser will receive $1.3bn in …
North American leading manufacturer and distributor of private label packaged foods and beverages TreeHouse Foods, has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings for $85 million. The acquisition includes two manufacturing facilities located in Lancaster, Ohio and Sparks, Nevada and a research and development facility in Sauget, Illinois. “This transaction is another important step in our strategic journey to create …
Ferrero-relative company has entered into a definitive agreement to acquire Burton’s Biscuit from Ontario Teachers’ for an undisclosed sum. The acquisition will allow the Italian producer to enlarge its offer of sweet biscuits products by adding to its portfolio British iconic brands such as Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s, and Thomas Fudge’s, in addition to the six manufacturing sites in the United Kingdom, which are located in Blackpool, …
Mondelez International, the snack and confectionery multinational, has announced the acquisition of Greek snacking company Chipita for approximately $2 billion. Chipita is a producer of salty and sweet snacks in Central and Eastern Europe, with a leading position in the production of packaged croissant and baked snacks, having a portfolio of brands that among others include 7Days, Chipicao, and Fineti. According to company’s statement, the acquisition will allow Mondelez business …
Canadian dairy company Saputo has strengthened its presence in the non-dairy cheese and value-added ingredients sector with two acquisitions for CAD187 million ($72.6 million approx). The acquisitions follow the company’s strategy to expand and accelerate its presence in the dairy alternative sector. The companies acquired by Saputo are the Scottish manufacturer, marketer, and distributor of vegan cheese Bute Island Foods, and the US-based company Reedsburg, a producer of value-added ingredients …
Brazilian beef producer Marfrig Global Foods has acquired 24.23 percent of chicken and pork producer BRF in the stock exchange, becoming the company’s top shareholder. According to sources, despite becoming the largest shareholder in BRF, Marfrig plans to be a passive investor only, and the move was made with the aim of diversifying its investments “in a segment which complements the sector where it does business”. Since Marfrig focuses on …
International seafood leader Thai Union Group PCL has announced the acquisition of the remaining 49 percent shares of the German shelf-stable seafood leader company Rugen Fisch AG. According to Thai Union’s statement, the company first acquired a majority of 51 percent of shares in Rugen Fisch in 2016 and has now purchased the remaining 49 percent. Thiraphong Chansiri, president and CEO of Thai Union Group, said: “Rugen Fisch has been …
Hershey, the US confectionery, and snacks firm has entered into an agreement to acquire Lily’s, the high-growth, better-for-you (BFY) confectionery brand. Lily’s is a manufacturer of low-sugar products such as dark and milk chocolate bars, baking chips, peanut butter cups, and other confectionery products. According to sources, Lily’s fits Hershey’s multi-pronged better-for-you snacking strategy, being a key brand in Hershey’s portfolio and allowing Hershey to accelerate the growth of the …
Exponent Private Equity has signed an agreement to acquire indulgent, premium dessert brand Gu from Noble Foods for an undisclosed sum. Founded in 2003, Gu offers a variety of restaurant-quality desserts such as cheesecake, mousses, and hot pudding, as well as a range of free-from products. In 2010, Noble Foods acquired Gu brand and has supported its growth since then. “We are excited to be partnering with Exponent on the …
US food giant General Mills has announced that it has reached an agreement to acquire Tyson Foods’ pet treats business. According to General Mills’ press release, the move is part of the company’s strategy to reshape its portfolio for growth by adding an ‘attractive’ business to the fast-growing pet platform. Bethany Quam, General Mills group president, pet segment said: “Pet food is a high-growth category, fueled by the humanization of …
Above food has announced the acquisition of Farmer Direct Farmer Organic Foods (FDO), a 100% certified organic specialty legume proteins and grains business. FDO was founded in 2018 to provide organic, traceable, single-origin, family-farmed legumes, and kitchen staples for plant-based eating, by the second year the company grew to have its products in over 2,000 stores in North America. The acquisition will allow Above Food to accelerate product strategy and …
US manufacturer of branded salty snacks, Utz Brands, has entered into an agreement with Great Lakes Festida Holdings to acquire all assets related to the operation of Festida Foods for $41 million. Festida Foods is a manufacturer of tortilla chips, corn chips, and pellet snacks for branded companies in the US, being the manufacturer of tortilla chips for Utz’s brand On The Border. The acquisition will allow Utz brands to …
US based specialised growth venture fund Stage has announced the acquisition of Haystack Mountain Creamery, a cheese maker from Longmont, Colorado, USA. According to the venture fund’s press release, Haystack specialises in goat and cow milk cheeses, and the company has won a total of 80 awards including Best American Cheese Award in 2017 and 2018 from the Guild of Fine Foods. Chuck Hellmer, president of Haystack Mountain Creamery, said: …
Scandinavian consumer goods giant, Orkla, has announced the full acquisition of the Icelandic chocolate and confectionery company Noi-Sirius for an undisclosed sum. In 2019, Orkla acquired a 20% minority stake in Noi-Sirius and now Orkla has agreed to acquire the remaining shares in the company. Noi-Sirius is a chocolate and confectionery manufacturer with a workforce of around 120 employees with iconic brands such Sirius, Noa Konfekt, Noa Kropp, Noa Paskaegg, …
Laird Superfood, a maker of plant-based packaged beverage products, has entered into an agreement to acquire Picky Bars for $12 million in cash and stock. Founded in 2010 by professional athletes, Picky Bars is a manufacturer of wholesome snacks and breakfast products such as nutrition bars, oatmeal, granola, pancakes, and nut butter. Picky Bars CEO Jesse Thomas said that the acquisition will “accelerate our already strong growth by expanding our …
Global soft drinks giant Britvic has announced the acquisition of the UK plant-based drink business Plenish, for an undisclosed sum. Founded in 2012, Plenish makes a range of plant-based milks and plant-powered juices from high-quality, organic, and sustainably sourced ingredients. The products are low calories, and free from added sugar and preservatives. The acquisition follows Britvic’s plans to build a portfolio of soft-drinks brands for every consumer occasion focussing on …
Tony’s Chocolonely has announced the acquisition of its Belgian chocolate bars manufacturer Althaea-De Laet Int for an undisclosed sum. The acquisition will allow Tony’s Chocolonely to operate its own factory, scale up its manufacturing capacity, innovate faster, and be more flexible in production. Althaea-De Laet Int was founded in 1960 as a family business, manufacturing private label products to companies such Tony’s Chocolonely. Anne-Wil Dijkstra, choco co-captain (COO) at Tony’s …
Green Hygienics Holdings Inc, a company that focuses on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical grade-bioactive cannabinoids, has announced the letter of intent (LOI) to acquire the Bohemian Beverage Co. Bohemian Beverage Co. has a portfolio of twenty beverage brands, including CBD-infused teas, kombuchas, beers, ciders, ready-to-drink cocktails, and more, which are directly distributed and sold through the firm’s own subsidiary storefront. Ron …
Unilever, the Anglo-Dutch consumer goods giant, has announced that the company has reached an agreement to acquire Onnit, a holistic wellness and lifestyle firm based in Austin, Texas. According to Unilever’s press release, Onnit’s supplements are the foundation of the brand’s portfolio, and its products are made with high-quality ingredients to provide benefits such as improved cognitive function, mood, relaxation, gut health, and immunity support. Onnit also offers functional nutrition, …
Private equity firm CVC Capital Partners VII has announced that it has reached an agreement to acquire a majority stake in Greek dairy company Dodoni from SI Foods Ltd, Dodoni’s majority shareholder. According to CVS Capital Partners’ press release, in 2012, the leading Greek dairy and best-selling Greek Feta PDO brand Dodoni, was privatised and sold to SI Foods Ltd, a group of private investors. SI Foods will remain active …
Multinational food and drinks giant, Nestle has announced that it is in discussions to buy all or part of The Bountiful Company. The Bountiful Company is a manufacturer, marketer, and seller of vitamins, minerals, and other specialty supplements and active nutrition products. Majority-owned by private equity firm KKR Co & Inc, The Bountiful Company’s portfolio includes brands such as Nature’s Bounty, Solgar, Pure Protein, Osteo Bi-Flex, Puritan’s Pride, Sundown, Body …
UK-based Real Good Food has announced the sale of its snack bar subsidiary Brighter Foods to The Hug Group for £43 million. Brighter Foods is a manufacturer of healthy snack bars for global confectionery, wellness, and breakfast food brands. The deal will allow Real Good Food to reduce debt, pay some of its pension deficit and provide working capital to support its growth. Mike Holt, Real Good Foods executive chairman, …
Brazilian protein giant has entered into an agreement to acquire plant-based protein producer Vivera for €341 million. Headquartered in The Netherlands, Vivera produces a wide range of plant-based meat replacements operating in over 25 countries across Europe. The deal includes three manufacturing units and a research and development centre located in The Netherlands. The acquisition strengthens JBS’s plans to expand its presence in the strong growth category of plant-based meat …
SunOpta has announced the acquisition of plant-based beverages brands Dream and WestSoy from Haim Celestial for $33 million. The acquisition will allow SunOpta, a leading manufacturer of organic, natural, and non-GMO plant-based and fruit-based food and beverage products, to accelerate growth in the dairy alternative sector. “This transaction is very consistent with our previously stated objective of pursuing strong organic and inorganic growth in our plant-based business,” said Joe Ennen, …
Leading North America alcoholic drinks firm Diageo has announced the acquisition of Loyal 9 Cocktails, a spirits-based ready to drink brand from Sons of Liberty Spirits Company. According to Diageo’s statement, Loyal 9 is ‘rapidly growing’, producing vodka-based drinks featuring indulgent flavours with high-quality ingredients and 100% real fruit. Debra Crew, president of Diageo North America, said: “Loyal 9 hits an RTD ‘sweet spot’, merging American consumers’ growing appreciation for …
US-based multinational Procter & Gamble (P&G) has announced the acquisition of the Australian brand Voost Vitamins. The Melbourne-based firm, Voost, is claimed to be the leading effervescent supplements brand in the country, available through in retailers and pharmacies and it is also distributed to Singapore, UK, and Hong Kong. Paul Game, P&G personal health care president, said: “This move enables us to expand our portfolio in Australia, beyond Vicks and …
Hemp-infused beverage company, Good Hemp, has closed the acquisition of Diamond Creek Group a manufacturer of ionised high alkaline natural spring water. According to sources, the acquisition of Diamon Creek is part of the distribution expansion plans of Good Hemp. The growing demand of functional water is expected to reach $18.24 billion by 2025. Ken Morgan, founder of Diamond Creek, said: “I am very excited about the closing of the …
Producer and distributor of South Asian food in the UK, Vibrant Foods, has announced the acquisition of Fudco a producer of Asian food. Founded in 1979, Fudco has a portfolio of 2,500 SKUs with products such as nuts, spices, dried fruits, pulses, specialty flour and other Asian foods. Rohit Samani, executive chairman of Vibrant Foods, commented: “We see this new partnership as a powerful new platform for the brand to …
UAE-based food and beverages company, Agthia, has acquired a majority stake in Egyptian producer of frozen processed chicken and beef products and owner of the Atyab brand, Ismailia Investments. The acquisition is part of Agthia’s plans to expand its presence in the processed protein sector after the recent acquisition of Nabil Foods. Ismailia Investments has a portfolio of brands such as Atyab, Meatland, Shiketita, and Furat with a processing capacity …
Private equity firm Brynwood Partners VIII L.P. has announced the acquisition of De Wafelbakkers from The Oklahoma Publishing Company, a subsidiary of the Anschutz Corporation. De Wafelbakkers is a manufacturer of branded and private label frozen pancakes, waffles, and French toast that employs around 650 people and has two manufacturing facilities. Henk Hartong III, chairman, and CEO of Brynwood Partners said: “Brynwood already has a presence in the breakfast category …
Paris-based Ardian-backed firm Cerelia has announced the acquisition of US Waffle and that the company has received a strategic equity investment from Continental Grain Company. Cerelia is a leading manufacturer of fresh, ready-to-bake dough for pie and pizza and ready to heat pancakes, crepes, and cookies, whilst US Waffle specialises in premium pancakes and waffles. The acquisition comes after the company acquired Wewalka’s North American pizza dough business, both purchases …
CapVest Partners has entered into an agreement with Sofina Foods to sell Eight Fifty Food Group, a producer of seafood and pork in Ireland and the United Kingdom, for an undisclosed amount. The privately owned Canadian company Sofina Foods operates in 21 different sites and is one of Canada’s largest producer of pork, beef, turkey, and chicken products. With the acquisition of seafood and pork supplier Eight Fifty Group, Sofina …
8th Avenue Foods & Provisions, an affiliate of Post Holdings, has entered into an agreement to acquire Ronzoni dry pasta from Riviana Foods, a subsidiary of Ebro Foods for $95 million. The divestment comes after Riviana Foods sold a majority stake in its USA branded pasta portfolio to TreeHouse Foods and Ebro Foods sold Catelli dry pasta to Barilla in Canada. Scott McNair, CEO of 8th Avenue said, “We are …
Global retail giant Carrefour has reached an agreement with Advent International to acquire the third-largest retailer in Brazil Grupo BIG, for about $1.3 billion. The deal reinforces Carrefour’s presence in Brazil, making it almost as big as its European operations outside of France. The acquisition, which is subject to Brazil antitrust approval, will be realised 70% in cash and 30% through new Carrefour Brazil shares. The move is said to …
Spanish chocolate producer, Chocolates Valor, has announced the acquisition of Portuguese firm Imperial Produtos Alimentares, the major chocolate manufacturer of Portugal. Imperial, owner of brands such as Regina, Pantagruel, Jubileu and Pintarolas, was part of the venture capital fund Vallis Sustainable Investments I, but within a few weeks it will become part of the leading group in Spain Chocolates Valor, which invoices around €138 million, has two industrial facilities and …
General Mills, the US food giant, has announced a deal to sell its 51% controlling interest in European Yoplait S.A.S. to French dairy cooperative Sodiaal. The ‘memorandum of understanding’ set between both firms includes a reduced royalty rate for use of the Yoplait and Liberte brands in the United States and Canada, as well as full ownership of the Canadian Yoplait business – making the Yoplait Canada yoghurt business a …