MPearlRock, the US-based growth capital platform formed by MidOcean Partners and Kroger, has expanded its presence in the ‘better-for-you’ snacking sector with the acquisition of The Good Crisp Company for an undisclosed sum. Founded in 2015 and headquartered in Boulder, Colorado, The Good Crisp Company specializes in clean-label canister potato chips and cheese balls. The brand, which markets its products as gluten-free, non-GMO, and allergen-friendly, has established a retail footprint …
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Mergers & Acquisitions
Fresh Del Monte Produce, the US-based produce giant, has agreed to acquire the vegetable, tomato and refrigerated fruit assets of bankrupt peer Del Monte Foods for $285 million, effectively reuniting the Del Monte brand under a single owner for the first time in nearly four decades. The transaction, which emerged from a court-supervised auction following Del Monte Foods’ Chapter 11 filing in July 2025, will see Fresh Del Monte take …
Tropical Cheese, the US-based producer of Hispanic dairy products, has acquired Cibao Meat Products, a manufacturer of Hispanic-style meats, for an undisclosed sum. Based in Perth Amboy (NJ), Tropical Cheese plans to integrate the business as a new division to provide a more comprehensive portfolio of branded Hispanic refrigerated food products across the US East Coast. Founded in 1969, Cibao Meat Products is a third-generation family business that specialises in products …
GHF, the London-based premium drinks brand development agency, has announced the acquisition of UK whisky brand Fielden for an undisclosed sum. The deal marks the first outright brand acquisition for GHF, which specialises in scaling high-quality drinks brands through strategy and sales execution. Fielden, formerly known as The Oxford Artisan Distillery until a 2024 rebrand and relocation to Yorkshire, is a modern UKrye whisky producer rooted in regenerative farming. The …
Reliance Consumer Products Limited (RCPL), the FMCG arm of the Indian conglomerate Reliance Industries, has reached an agreement to acquire a controlling 75% stake in Goodness Group Global, the Australian parent company of functional drinks brand Nexba. The deal is valued at approximately A$25.4 million ($16.6 million), according to documents shared with the company’s crowdfunding shareholders. The investment marks a significant milestone for Goodness Group Global as it seeks to …
USK Capital, the family office of Indian billionaire banker Uday Kotak, has acquired a majority stake in Go Raw, a US-based manufacturer of seed-centric snacks. The transaction, executed through an overseas entity, marks USK Capital’s first international investment and its debut in the consumer goods sector. The stake was acquired from Juggernaut Capital Partners, a Washington-based private equity firm, and other early-stage investors for an undisclosed sum. Go Raw, which …
Grupo MAS, the Seville-based food distribution group, has reached an agreement to acquire the Malaga-based supermarket chain Maskom as part of its ongoing regional expansion strategy. The deal adds 54 stores across the provinces of Malaga, Seville and Cadiz to the Grupo MAS network, which previously operated over 200 outlets under the Supermercados MAS, MAS&Go and Cash Fresh banners. Maskom, which was founded in 1978 and employs nearly 1,000 people, …
Impossible Foods, the California-headquartered plant-based meat producer, has entered into a licensing agreement with bread and pasta specialist Equii to bolster its presence in the high-protein food sector. The partnership will allow Impossible Foods to pair its meat alternatives with Equii’s portfolio of protein-enriched products, which includes bread, pasta and baking mixes. The collaboration aims to provide consumers with more nutrient-dense meal options, such as plant-based burgers where both the …
Grupo Bimbo, the Mexico-headquartered bakery conglomerate, has agreed to acquire Joy Food International, a Moroccan producer of packaged industrial bread, through its Spanish subsidiary Bakery Iberian Investments SL. The transaction involves the purchase of 100% of the share capital and voting rights of the Casablanca-based firm. Founded in 2009, Joy Food International operates a production facility in the Lissasfa industrial zone, manufacturing a portfolio that includes burger buns, sandwich bread, …
Idak Food Group, the Swiss premium frozen food firm, has reached an agreement to acquire a majority stake in Onore, the France-based frozen bakery and patisserie specialist. Headquartered in Toulouse, Onore (formerly known as Boncolac) specialises in artisanal frozen desserts, macaroons and savoury snacks. The group operates five production plants in France and two in the UK, employing over 1,000 staff and generating an annual turnover of more than €220 …
Fondo Italiano d’Investimento SGR, the Italian private equity firm, has acquired a majority stake in Alimenta Produzioni, a manufacturer of traditional Italian baked goods and flatbreads. Headquartered in Riccione, Alimenta Produzioni specialises in piadina romagnola and pinsa, a regional flatbread segment that now accounts for 30% of its turnover. The company, which operates three production facilities in Emilia-Romagna and Marche, reported revenues of approximately €50 million ($58 million) in 2025 …
Olio Piro, the American producer of Piro extra virgin olive oil, and Bonini, the Italian producer of artisanal balsamic vinegar, have announced a merger to form a new premium condiments entity. The deal brings together two high-end Italian brands to leverage combined expertise in production and distribution. Olio Piro, based in Tuscany, produces a multi-award-winning extra virgin olive oil made from a blend of four olive varieties. Bonini, based in …
Lantmannen Unibake, the Swedish-based international bakery group, has reached an agreement to acquire Panificio San Francesco, an Italian industrial bakery firm specialising in frozen bread products. Based in Castel Mella, Brescia, Panificio San Francesco operates a single production facility and employs approximately 120 people. The company specialises in the production of pre-baked and par-baked frozen bread, serving both the retail and food service sectors. According to Lantmannen Unibake, the move …
Good Culture, the Austin, Texas-based clean-label cultured dairy brand, has entered into a definitive agreement for a majority investment from L Catterton, the global consumer-focused investment firm, positioning the company for accelerated growth across the USA. According to press statements, Good Culture’s sales have nearly quadrupled over the past three years while the broader cottage cheese category expanded by about 60% in the same period. Founded in 2015, Good Culture …
Unilever Indonesia, the local arm of the British consumer goods giant, has reached an agreement to sell its tea business to PT Savoria Kreasi Rasa, a subsidiary of the Indonesian conglomerate Djarum Group. The deal, valued at 1.5 trillion IDR ($89.4 million), includes the divestment of the SariWangi brand, which Unilever originally acquired in 1989. SariWangi is a leading brand in the country’s tea-bag segment and is credited with popularising …
Cobram Estate Olives, the Australian olive oil producer, has entered into a binding agreement to acquire California Olive Ranch (COR) for a total consideration of $173.5 million. The transaction for COR, a vertically integrated olive oil firm based in California, consists of $88.5 million in cash, $70 million in vendor notes, and an earn-out payment of $15 million. COR manages approximately 1,870 hectares of olive groves and is the producer …
Cizzle Brands, a Canadian investment firm, has entered into an agreement to acquire Flow Beverage Corp, the Ontario-based alkaline spring water producer, for a total enterprise value of approximately C$85.6 million ($60.63 million). Flow Beverage Corp is known for its alkaline water sourced from artesian springs and packaged in plant-based Tetra Pak cartons. Under the terms of the transaction, Cizzle Brands will acquire all issued and outstanding shares of the …
Savencia Fromage & Dairy, the French family-owned dairy group, has signed an agreement to acquire Quata Alimentos, a Brazilian manufacturer of cheese and dairy products. The acquisition, which remains subject to approval by the Brazilian antitrust authority CADE, is intended to strengthen Savencia’s position in the Brazilian market. The deal adds established brands such as Gloria and Quata to Savencia’s local portfolio. Based in Sao Paulo, Quata Alimentos was founded …
Premium Brands, the Canadian specialty food manufacturer, has completed the acquisition of Stampede Culinary Partners, a US-based protein supplier, for approximately $688 million. The transaction for the Chicago-headquartered firm comprised $512.5 million in cash and $150 million in common shares, alongside capital adjustments and cash reimbursements. Originally founded 30 years ago as a butcher operation, Stampede has evolved into a major supplier of sous-vide, plant-based proteins and value-added vegetables, servicing …
North South Wines, the UK-based wine distributor and importer, has announced the acquisition of When in Rome, a British brand specialising in premium craft wine in alternative packaging. Founded in 2015, When in Rome focuses on formats such as bag-in-box, cans, and paper bottles, aiming to reduce the carbon footprint of wine distribution. The brand reported a turnover of approximately £700,000 ($890,000) in 2023 and has established a retail presence …
Cupid Ltd, the Indian manufacturer of personal care and sexual wellness products, has announced plans to establish a new manufacturing facility in Saudi Arabia. The Mumbai-listed company said it intended to set up the plant to cater to the growing demand for personal care products within the Middle Eastern market. The proposed facility is expected to represent a significant investment in the region, with the company aiming to leverage Saudi …
The Nutriment Company (TNC), the Sweden-based provider of natural premium pet nutrition, has expanded into Poland through the acquisition of Warsaw-based Zoo Factory. The deal marks TNC’s tenth acquisition of 2025 and its first entry into the Polish market. Zoo Factory is a leading local distributor and manufacturer with over 25 years of experience, managing a portfolio of more than 250 products under brands such as Hilton and Animals. The …
Gabit, the Indian health technology and longevity startup, has expanded its wellness ecosystem into the nutrition sector through the acquisition of Swedish brand Nack for an undisclosed sum. The deal allows Gurugram-based Gabit, which is best known for its titanium smart ring that monitors more than 150 health markers, to integrate Nack’s science-led supplement portfolio into its existing “full-stack” platform. By adding Nack’s clean-label products, which include multivitamins and plant-based …
Brella Beverage, a USA-based manufacturer of functional and spirits-based beverages, has announced the acquisition of the spirits brand portfolio of Chicago Distilling Company, an Illinois-based craft distillery. The transaction includes the acquisition of the Ceres Vodka and Finn’s Gin brands. According to Brella Beverage, the deal is intended to strengthen its footprint in the craft spirits and ready-to-drink (RTD) categories. Chicago Distilling Company is known for its “grain-to-glass” production philosophy, …
Ingka Investments, the investment arm of the IKEA retailer Ingka Group, has acquired a majority stake in the Swedish plant-based manufacturer The Green Dairy for 80 million SEK ($8.6 million). Based in Karlshamn, The Green Dairy is a specialist producer of liquid plant-based dairy alternatives made primarily from oats and fava beans. The company operates as a B2B supplier, providing a portfolio that includes barista-style oat milks, cooking creams, ice …
Laird Superfood, the US manufacturer of plant-based functional foods, has entered into a definitive agreement to acquire Navitas, the organic “superfood” brand, for $38.5 million in cash. The transaction, which is expected to close in the first quarter of 2026, will be funded through a $50 million private placement of Series A Convertible Preferred Stock to affiliates of Nexus Capital Management. Navitas, founded in 2003, specializes in nutrient-dense organic products …
Varun Beverages, the India-based bottling partner for PepsiCo, has entered into a binding agreement to acquire a 100% stake in Twizza, a South African carbonated soft drinks manufacturer, for an enterprise value of 1.47 billion ZAR ($54.1 million). Twizza Beverages, a prominent player in the South African market, operates manufacturing facilities in Queenstown, Middelburg and Cape Town. The company specialises in the production and distribution of carbonated soft drinks (CSD), …
Trinchero Family Estates, the US-based wine and spirits producer, has agreed to acquire Mumm Napa, a leading premium sparkling wine brand, from the French beverage giant Pernod Ricard. Based in the Napa Valley, Mumm Napa is known for its portfolio of Methode Traditionnelle sparkling wines. The acquisition includes the brand itself, its inventory, and its Napa-based winery and visitor centre. According to Trinchero Family Estates, the deal strengthens its luxury …
Campari Group, the Italian spirits manufacturer, has agreed to sell its Averna and Zedda Piras liqueur brands to compatriot firm Illva Saronno for €100 million ($117 million). The transaction involves the sale of Amaro Averna, a historic Sicilian herbal liqueur founded in 1868, and the Sardinian myrtle liqueur Zedda Piras. According to Campari, the deal is a strategic move to streamline its portfolio and focus on “core brands” while supporting …
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods arm of Reliance Industries, has acquired a majority stake in the Tamil Nadu-based food firm Udhaiyam. Operating under its namesake brand, the Chennai-based company has a history spanning over three decades and is estimated to be a 6.68 billion INR ($80 million) business. Its portfolio includes a wide range of staples such as pulses, rice, spices and flour, as well as …
Asahi, the Japanese beverage giant, has agreed to acquire a controlling stake in East African Breweries (EABL) from the UK-based spirits firm Diageo in a deal valued at $2.3 billion. Under the terms of the agreement, Asahi will acquire Diageo Kenya Ltd, which holds a 65% shareholding in EABL, alongside a 53.68% direct stake in the Kenyan spirits producer and importer UDVK. The transaction values EABL at an implied enterprise …
Olvi Group, the Finnish multi-beverage manufacturer, has agreed to acquire a 51% majority stake in Brewery International, a leading importer of premium drinks in Norway and Sweden. The transaction, which includes an option to acquire the remaining shares at a later date, is expected to close in January 2026. Brewery International operates as a specialist importer and distributor across grocery retail, the on-trade (HoReCa) sector, and state-controlled monopoly markets. Its …
Valsoia, the Italian health food specialist, has entered the European kefir market by acquiring a 70% stake in the Slovenian producer Kele & Kele. The transaction values the Slovenian company at an enterprise value of €5.4 million ($5.9 million), with Valsoia paying an initial €3 million ($3.3 million) for the majority interest. Effective from 3rd December, the deal includes an option for the Bologna-based group to acquire the remaining 30% …
Honasa Consumer, the Indian personal care firm and parent company of brands such as Mamaearth and The Derma Co, has acquired the assets of CosmoGenesis Labs for 40 million INR ($479,000). Thane-based CosmoGenesis Labs is a specialist in cosmetic formulation and development, having supported over 5,000 personal care formulations for businesses in India. The acquisition includes the company’s formulation expertise, research and development (R&D) laboratory, and a small-scale manufacturing facility. …
Ritter Sport, the German family-owned chocolate manufacturer, has significantly bolstered its North American operations through the acquisition of the premium chocolate business of Creative Natural Products, a US-based confectionery firm. The deal specifically involves the purchase of the Seattle-based brand organic and fair-trade chocolate label Theo Chocolate. Following the acquisition, Ritter Sport intends to integrate Theo Chocolate into its portfolio to strengthen its foothold in the North American organic chocolate …
Proof Drinks, the London-based beverage distributor, has expanded its premium offering through a strategic partnership with soft drinks firm The Artisan Drinks Company. The deal brings Artisan’s full range of premium mixers and its new line of functional soft drinks into the Proof Drinks portfolio. Founded by artist Alan Walsh and mixologist Mikey Enright, The Artisan Drinks Company is known for its design-led branding and 200ml “perfect serve” can format. …
Campbell Soup, the US-based food and beverage giant, has acquired a minority stake in La Regina di San Marzano, a leading producer of premium pasta sauces and a long-standing manufacturing partner for the Sovos Brands portfolio. The investment, valued at approximately $45 million (£35.6 million), strengthens Campbell’s supply chain following its $2.7 billion ($2.1 billion) acquisition of Sovos Brands earlier this year. La Regina di San Marzano, an Italian-founded firm …
Tindle Foods, the Singapore-founded plant-based meat producer, has announced it will divest its direct-to-consumer and retail operations in the USA and shift to focus on private label partnerships within the European market. The company, which maintains a significant European presence through its German subsidiary (formerly Miammo), plans to leverage its research and development centre in Munich to provide plant-based solutions for European retailers. Tindle Foods’ portfolio includes various chicken alternatives, such …
Anheuser-Busch InBev (AB InBev), the global brewing giant, has agreed to acquire an 85% majority stake in BeatBox Beverages, the Texas-based ready-to-drink (RTD) alcoholic ‘party punch’ maker, for approximately $490 million. The agreement, expected to close in the first quarter of 2026 subject to regulatory approval, grants AB InBev an option to purchase the remaining 15% after five years via a predetermined pricing formula. The acquisition reinforces the brewer’s focus …
Austrian dairy processors SalzburgMilch and Pinzgau Milch Produktions plan to merge, creating a joint company with a combined annual turnover of €520 million (approximately $563 million). The consolidation effort aims to leverage synergies across all operational areas, extending their existing production collaboration into milk collection, processing, logistics, sales and administration. The merged entity will be supplied by around 3,400 farming families and is expected to retain all four existing sites …
Tiger Brands, the leading South African packaged goods group, has committed 1 billion ZAR ($59 million) to construct a new bakery plant in Klerksdorp, in South Africa’s North West province, specifically to boost capacity for its dominant Albany bread brand. The significant investment, which the company claims is part of its long-term strategy to modernise its manufacturing footprint, will result in an advanced facility focusing on production efficiency and environmental …
Bettani Farms, the US-based alternative protein startup, has rapidly expanded its product portfolio by acquiring three challenger brands: plant-based meat supplier Hungry Planet and vegan cheese producers Numu and Stockeld Dreamery. The Californian firm, which rebranded from Climax Foods in October following a $6.5 million Series A raise, is grouping the businesses under a new Bettani Brands umbrella to create a “wholistic set” of next-generation solutions for foodservice operators. The …
FreshBrew, one of the largest private-label coffee and tea producers in the US, has acquired the Branded Coffee licensed division of New York-based White Coffee Corporation. The strategic acquisition, described by the companies as one of the largest transactions in the industry this year, transfers ownership of the nation’s largest portfolio of licensed bagged coffee and K-Cup products. The assets enable FreshBrew to develop, produce and market coffee for major …
Co-oper, the UK grocery retailer, has announced a £1 billion ($1.27 billion) “Backing Britain” investment plan which includes the opening and refurbishment of approximately 100 stores over the next year. The mutual retailer revealed that the substantial financial commitment involves a combination of network expansion, pricing strategy and supply chain support. Specifically, Co-op plans to invest in 100 sites across the UK in the next 12 months, a figure comprising …
Sydney-based Tempo Group has acquired the intellectual property and brand portfolio of Spring Gully Foods – including the Spring Gully, Gardener, Leabrook Farms and Ozemite labels – after the South Australian condiment maker entered voluntary administration in October. Spring Gully Foods, founded in 1946 and known for jams, sauces, pickles and relishes, ceased trading in October with reported debts of around A$3.8 million ($2.5 million). Tempo declined to disclose financial …
Prosperity Organic Foods, the private firm behind the vegan butter brand Melt Organic, has announced the acquisition of dairy-alternative producer Miyoko’s Creamery. Founded in 2014 by Miyoko Schinner, Miyoko’s Creamery produces a range of artisan vegan cheeses, butters and cream products. Commenting on the move, Prosperity Organic Foods CEO Scott Fischer said: “We are excited to have the opportunity to grow the Miyoko’s brand as it aligns perfectly with our …
Pure Foods Tasmania (PFT) has announced that it has completed the acquisition of Australian ice cream and gelato brand Elato Ice Cream (Elato), strengthening its frozen desserts portfolio. As part of the acquisition, PFT will take ownership of all Elato Ice Cream intellectual property and brand assets, including recipes, formulations and distribution agreements, with plans to establish a dedicated ice cream division. This division will bring together Elato Ice Cream …
Canadian plant-based snack company TruBar has announced that it has entered into an agreement to be acquired by ETI Gida, a leading Turkish consumer packaged goods business, for C$201 million ($142 million). Trubar is described as a snacking company offering a range of plant-based protein snacks made with natural, clean-label ingredients, distributed through national retailers, club stores and e-commerce platforms across North America. Commenting on the move, Trubar executive chairman …
Emmi, the leading Swiss dairy group, has announced its acquisition of UK dessert producer The English Cheesecake Company. Founded in 2000 as a family business, The English Cheesecake Company produces cheesecakes inspired by traditional British recipes, available in all major UK retailers. Its portfolio includes classic cheesecakes, vegan and frozen products, as well as on-the-go snack formats. Commenting on the move, Emmi Desserts EVP Didier Boudy said: “The bolt-on acquisition increases …
FMCG giant Unilever has agreed to sell its UK healthy-snacking brand Graze to Katjes International – owner of confectionery group Candy Kittens – marking a strategic exit from parts of its foods portfolio. Under the deal, Katjes (via its UK subsidiary Future Snacks Ltd) will acquire 100 % of Graze’s shares, including its full product line, a standalone production facility in London, and around 200 employees. Unilever bought Graze in …
Horizon Family Brands, a leading US provider of better-for-you food and beverages, has acquired Maple Hill Creamery, America’s original 100% grass-fed organic dairy company. Maple Hill, founded in 2009 and known for milk, yogurt, kefir and butter sourced exclusively from small family farms under regenerative agriculture standards, will now operate under Horizon’s broader platform. The companies said the acquisition would improve their supply-chain efficiency, accelerate new product innovation and expand …
South African dairy firm Woodlands Dairy Group has announced its acquisition of 100% of Ladismith Cheese Company, including its subsidiaries Ladismith Powder Company and Mooivallei Suiwel, from seafood wholesaler Sea Harvest Group. Founded in 1999, Ladismith Cheese Company offers a portfolio of cheese, butter and milk powder. Made up of Woodlands Dairy and its fully owned subsidiary Fairfield Dairy, Woodlands Dairy Group specialises in UHT milk, yoghurt, cheese, custard, flavoured milk …
Naba Feinkost, the German family-owned delicatessen producer, is set to acquire the organic brand Hedi, a maker of vegan spreads, at the turn of the year. The deal will expand Naba Feinkost’s portfolio to three brands – Nabio, Reichenhof and now Hedi – strengthening its offer in the specialist organic trade. According to Felicitas von Heinz, Naba’s managing director for brands, Hedi brings “distinctive recipes, strong positioning, high quality and …
Idilia Foods, a diversified Spanish food and drinks firm, has announced the acquisition of Shaken Udder Group, the UK’s leading premium milkshake brand. Founded in 2004, Shaken Udder is described as producing milkshakes made with fresh milk and real ingredients, available in major retailers such as Sainsbury’s, Tesco and Asda, as well as across the convenience sector. Commenting on the move, Shaken Udder founders Jodie and Andy Howie said: “We …
Danone, the food and beverage multinational, has announced the sale of its Swedish probiotic juice brand ProViva to French dairy group Lactalis for an undisclosed sum. Majority-owned by Danone since 2010, ProViva is well known in Sweden for its probiotic fruit juices in raspberry, rosehip, blueberry and blackcurrant flavours. It will now join Skanemejerier, Lactalis’s Swedish dairy arm that specialises in products including cheese and yogurt. Commenting on the deal, Skanemejerier …
Swedish hygiene and health firm Essity has entered into an agreement to acquire toiletries giant Edgewell’s feminine care business for $340 million. Through an asset agreement, Essity will take ownership of Edgewell’s feminine care business, which includes liners, pads and tampons. The transaction covers the Carefree, Stayfree and o.b. brands in the USA, Canada, and the Caribbean, global Playtex rights in feminine care, and a manufacturing facility located in Dover, …
McCain, the leading frozen potato firm, has entered into an agreement to acquire Penobscot McCrum LLC (McCrum), one of North America’s premier suppliers of frozen potato specialty products. As a result of the acquisition, McCrum’s Maine processing facility will operate independently and agree a potato supply arrangement with McCain, and about 130 employees at the plant will move to McCain. Commenting on the acquisition, McCain Foods regional president, North America, …
Muller, the German dairy and chilled foods group whose portfolio includes Muller, Weihenstephan and Sachsenmilch, has signed a purchase agreement to acquire the Elinas and Lunebest brands from Hochwald, a cooperative-based dairy processor producing UHT milk, condensed milk and dairy ingredients. The deal, which also covers the Luneburg production site and its 150 staff, will transfer trademark rights and product lines to Muller, according to company statements. The company said that …
Portuguese agri-food business Grupo Lusiaves has announced the acquisition of the Spanish poultry firm Avicola Segoviana. According to sources, Avicola Segoviana offers both processed and unprocessed products. It employs more than 60 people and has a turnover of €9.5 million ($11 million). Avelino Gaspar, president and founder of Grupo Lusiaves, said: “The integration of Avicola Segoviana reinforces our presence in Madrid and increases our capacity to respond to the demands of …
Mantiqueira USA, the US egg supplier co-owned by meat giant JBS, has entered a binding agreement to acquire Hickman’s Egg Ranch, a leading egg producer based in the Mountain and West Coast regions. Founded in 1944, Hickman’s Egg Ranch is recognised as the largest egg producer in the US Southwest. Mantiqueira USA operates as a joint venture between the Pinto family, founders of Mantiqueira, and JBS NV, one of the …
Italian agribusiness group BF has entered into an agreement to sell a majority stake in its couscous subsidiary Bia to investment funds PM&Partners and Armonia. Acquired in 2022, Bia specialises in private-label couscous for Italy, France, and Spain, offering gluten-free and organic varieties from three sites in Argenta, Ferrara. Other brands in the BF portfolio include Le Stagioni d’Italia, Zorzi and Fabianelli. Commenting on the move, BF chairman Federico Vecchioni said: …
Snellman Group, a Nordic pet food producer, has announced its acquisition of the British raw pet food brand Benyfit Natural from the Real Pet Food Company. Founded in 2014, Benyfit Natural is a producer of raw dog food, created and manufactured in-house at its East Sussex facility. Its range is available through independent and specialist pet retailers, as well as directly to consumers. Commenting on the move, Snellman Petfood business …
Made Uncommon, the parent company behind Coco Chocolatier, Up-Up and Otherly Oatm*lk and Seed & Bean, has announced the acquisition of Love Cocoa and H!p for an undisclosed amount. Love Cocoa is described as offering a range of ethically sourced, responsibly crafted chocolate bars, including premium milk and dark varieties, alongside elegant truffles. H!P is claimed to offer a modern twist on traditional chocolate with its plant-based formulation using oat …
Cotton Creek Capital, a private equity firm, has acquired Ne-Mo’s Bakery, a San Diego producer of sweet baked goods, with the intention of supporting the company’s expansion and boosting manufacturing and innovation capabilities. Founded in 1975, Ne-Mo’s Bakery is a leading producer of sweet baked goods, offering cakes, cookies, cinnamon rolls, and a range of speciality items. Its products are distributed throughout the US through convenience stores, supermarkets, restaurants and …
Global branded food company Hormel Foods has announced plans to separate its Justin’s nut butter and chocolate snack brand through a strategic partnership with Forward Consumer Partners, a private investment firm. As part of the agreement, Forward Consumer Partners will acquire a 51% stake in the business, while Hormel will retain a 49% interest, allowing Justin’s to operate as an independent company. Commenting on the move, Hormel Foods president John Ghingo …
Urban Farmer, a private-equity-backed producer of plant-based bakery products, has announced the acquisition of Caulipower, the US frozen-food business specialising in cauliflower-based products. Urban Farmer is a portfolio company of Paine Schwartz Partners and a producer of plant-based speciality dough, frozen pizzas, crusts, and bakery products, operating manufacturing facilities in Manteno (IL). Commenting on the move, Urban Farmer CEO Chris Jaromin said: “CAULIPOWER’s commitment to making better-for-you foods accessible and delicious …
US-based household firm Kimberly-Clark has announced the acquisition of leading global consumer health firm Kenvue for $32 billion. Kenvue is described as the world’s leading consumer health company by revenue, housing science-backed brands such as Aveeno, Band-Aid, Johnson’s, Listerine, Neutrogena and Tylenol. Commenting on the move, Kimberly-Clark chairman and chief executive officer Mike Hsu said: “Kenvue is uniquely positioned at the intersection of CPG and healthcare, with exceptional talent and a …
B&G Foods, the US-based ambient and frozen foods company, has announced that it has entered into an agreement to sell its Green Giant and Le Sieur frozen brands in Canada to Nortera. According to B&G Foods, the proceeds will be utilised for general corporate purposes, including long-term debt repayment, acquisition of assets relevant to its business activities, and the settlement of taxes, fees and sale-related expenses. Nortera is a leading …
German confectionery firm Katjes has announced the acquisition of a 25% stake in SD Sugar Daddies, a leading German cookie dough company and owner of the Cookie Bros brand, through its confectionery division, Katjes Fassin, for an undisclosed sum. In 2018, Katjes Fassin acquired a 10% stake in SD Sugar Daddies, which was later transferred to sister company Katjesgreenfood, now holding a separate 27% stake. The latest deal gives the …
Heritage Foods, the Indian dairy firm, has announced the acquisition of a 51% stake in Get-A-Way ice cream maker Peanutbutter and Jelly Pvt Ltd from Sky Gate Hospitality for 9 crore INR ($1 million). Established in 2018, Get-A-Way makes high-protein, no-added-sugar ice creams and desserts, using whey protein and natural sugar substitutes to appeal to health-conscious buyers in India’s premium dessert category. Commenting on the move, Heritage Foods executive director …
PNC Brands Group, which provides integrated support for food brands and is the parent company of Pivot North Consulting Group and PNC Specialty Foods, has acquired a majority stake in the US-based, family-owned ice cream business Ice Cream Factory. Founded in 2019, Ice Cream Factory produces handcrafted ice cream sold in thousands of retail outlets across the United States, as well as offering co-manufacturing services to regional and emerging food …
Supreme plc, the diversified consumer goods supplier, has acquired SlimFast’s trade and selected UK and European assets from Glanbia, a worldwide nutrition and food firm, in a £20 million ($26.6 million) deal. Founded in the US in 1977, SlimFast is defined as a leading brand in the weight management sector, recognised for its range of meal replacement shakes, snack bars, and weight loss programmes. The brand’s UK and European presence …
UK food manufacturer Premier Foods has announced plans to acquire South African food producer RFG Holdings through a share swap that will see RFG shareholders collectively owning approximately 22.5% of the enlarged Premier Group. Founded in 1896 in Groot Drakenstein, Western Cape, RFG specialises in convenience foods for local and global markets. Its portfolio includes Rhodes canned vegetables and juices, Pakco curry powders and Man’s Meal pies, alongside private label …
Froneri, the ice cream joint venture of Nestle and R&R ice cream, has signed an agreement to acquire Food Union’s European ice cream business, covering all its markets in Denmark, Norway, Estonia, Latvia (excluding dairy), Lithuania and Romania. Food Union is a global food producer and distributor, managing six factories, over 25 brands and more than 1,000+ products, primarily in ice cream, dairy and frozen foods, across ,ore than 20 countries. Commenting …
LT Foods, a global food company, has announced that it has signed a definitive agreement to acquire to acquire a 100% stake in Hungary-based preserves firm Global Green Europe for €25 million ($29 million) through its Netherlands-based step-down subsidiary LT Foods Europe Holdings Limited, . Founded in 2006 following the acquisition of the former Intergarden N.V., the Hungarian arm of Global Green manufactures canned sweetcorn and jarred gherkins, silver skin onions, …
Coca-Cola and Gutsche Family Investments (GFI) have announced the sale of a 75% controlling stake in Coca-Cola Beverages Africa (CCBA) to Swiss bottler Coca-Cola HBC for $2.6 billion. CCBA is the largest Coca-Cola bottler in Africa, operating in 14 countries and handling 40% of Coca-Cola’s product volume on the continent. Commenting on the move, Coca-Cola executive vice president and chief operating officer Henrique Braun said: “Coca-Cola HBC has demonstrated a strong …
Italian Wine Brands has announced that its subsidiaries, IWB Italia and Giordano Vini, have signed a binding offer with the Caffo Group to sell the Valle Talloria (Diano d’Alba) business unit. As part of the agreement, the Caffo Group will transfer production operations and the historical archives of the Cinzano brand to this business unit. Commenting on the news, IWB Group said: “We are delighted with this agreement undertaken with …
France-based biscuit maker Aux Trois Cigognes has announced the acquisition of local peer La Mere Poulard. Founded in 1986, La Mere Poulard is based in Mont-Saint-Michel. Its subsidiary, Biscuiterie La Mere Poulard (BLMP), established in 1998 in Maen Roch, produces traditional biscuits from Brittany and Normandy. BLMP generates around €30 million ($35 million) in annual sales, employs 95 people and exports to over 60 countries. Commenting on the news, La …
Lipton Teas & Infusions, the tea company owned by investment firm CVC Capital Partners, has announced a deal to sell its Turkish tea production operations to local manufacturer Ozgur Cay, The deal would sea the Netherlands-based business transfer control of two processing facilities in Rize, subject to approval from Turkiye’s Competition Authority. “An agreement has been reached between Lipton Teas and Infusions and Oz-Gur Cay Inc. for the transfer of shares of …
Windoria, a food company created through the merger of La Doria and Winland Foods and indirectly owned by Investindustrial-affiliated funds, has entered into an agreement to acquire Saudi Arabia sauce maker Al-Fursan. Al-Fursan, along with its subsidiaries Al-Faris Al-Arabi Trading Ltd. Co. and Al-Faris Food Industries Ltd. Co., manufactures and distributes sauces, condiments and other shelf-stable food products such as ketchup and vinegar. The company owns brands such as Baidar, …
Finnish beverage company Olvi Group has announced the acquisition of Estonian mineral water producer Varska Originaal. Founded in 1993, Varska Originaal is a mineral water producer that also has infused and functional waters in its portfolio. The company employs around 70 people, and in 2024 its production volume reached 45 million litres. Commenting on the move, Olvi Group CEO Patrik Lundell said: “This is another concrete step in executing our …
Multinational Dutch brewer Heineken has announced that it has entered into binding agreements with its long-term partner Florida Ice and Farm Company (FIFCO) to acquire the remaining 75% of Distribuidora La Florida, as well as FIFCO stakes in certain other businesses, for $3.2 billion. Heineken’s stake in Distribuidora La Florida, encompasses its beverages, food, and retail operations, including more than 300 Musmanni and Musi outlets in Costa Rica, with further …
Equity fund Render Capital has announced that Louisville Vegan Jerky Company, part of its Fund 1 portfolio, has been acquired by Louisville Brands, an expanding group of consumer packaged goods businesses. Louisville Vegan Jerky is reportedly a leading plant-based snack jerky brand, outselling both meat and non-meat rivals in Whole Foods stores across the US. Commenting on the move, Louisville Brands CEO Justin Delaney said: “Louisville Vegan Jerky has built …
Agrial and Terrena, the French agri-food cooperatives, have announced plans for a “strategic merger”, with talks described as being “at the proposal stage”. In a statement, the two companies cited “repeated crises”, persistent inflation and increased competition as factors in the potential merger. “By pooling our expertise and innovation capabilities, this project will also enable us to act together to face the issues resulting from climate challenges, the energy transition, …
Japanese food major Calbee, via its US subsidiary, has announced that it has acquired a 58% stake in US tofu and plant-based food producer Hodo. As part of the venture, Sagamiya Foods, a leading Japanese tofu producer, has acquired a minority stake in Hodo and will provide technical support to reinforce its growth plans. Founded in 2004 and headquartered in Oakland, California, Hodo is a leading US tofu producer, offering …
Leading Indian FMCG firm Marico has announced that it has entered into a definitive agreement to acquire the remaining shares of HW Wellness Solutions, which owns the True Elements brand, for up to 138 crore ($15.18 million). Founded in 2013, HW Wellness has reportedly become a leading digital-first business in the breakfast and snack foods space, following Marico’s 53.98% stake acquisition in 2022. The True Elements range includes products such as …
Winland Foods, a US-based producer of private label and branded food items, has merged with La Doria, an Italian producer of tomato products, preserved vegetables and juices, to form Windoria, a new food group valued at $4 billion. The merged group will supply leading retailers, distributors and foodservice operators while managing more than 40 proprietary consumer labels. In addition, it will employ 5,000 staff and operate 28 plants worldwide, including 11 …
Regal Foods, a Yorkshire-based food and drink manufacturer, has announced the acquisition of soft drinks brand Suncrest from European food oil group KTC Edibles for an undisclosed sum. Founded in 1985, Suncrest is known for its range of tropical fruit-flavoured beverages. Its offerings span still and carbonated drinks, available in bottled, canned and carton formats, with varieties including mango, tropical, lychee, guava, coconut water and aloe vera. The brand also offers lassi, …
Gallo, the international wine major, has announced it has reached a deal to acquire Whiny Baby, a wine brand that is described as targeting a Gen Z audience. Launched in 2020, Whiny Baby promotes “a reimagined wine experience” that is claimed to help make choosing a wine “fun, easy, and engaging”. Shoppers are encouraged to “choose a bottle based on your mood, emotion or occasion”, with varieties in the brand lineup …
UK vegan cheese specialist Honestly Tasty has announced the acquisition of its domestic peer La Fauxmagerie. As part of the transaction, La Fauxmagerie will rebrand as Saporia and operate through a new dedicated online store, offering a more extensive plant-based range. Commenting on the move, Saporia founder Tim Barclay said: “La Fauxmagerie’s store was pioneering, but Saporia takes things further; we’re not just a cheesemonger, we are a full marketplace …
Irish global nutrition group Glanbia has announced that it has signed an agreement to sell weight management brand SlimFast US to Heartland Food Products Group, a US-based leader in the consumer-packaged goods industry, for an undisclosed sum. The existing Heartland Food Products Group portfolio features Splenda, a zero-calorie sweetener brand offering stevia and monk fruit in powder and liquid form, as well as coffee creamers, nutrition shakes and water enhancers. …
Leading Spain-based snack company Grupo Apex has announced the acquisition of the brand and assets of Uriarte Iturrate, formerly part of the Ecolumber Group, including its production plant in Murgia (Alava), along with machinery, technology, trademarks and patents. The acquisition extends Grupo Apex’s portfolio to 13 production sites, bringing in seven employees as well as a patented microwave technique and the Air Nuts snack line. Commenting on the move, Grupo …
Carrefour, the leading French supermarket chain, has announced the acquisition of the Super A supermarket chain, which operates 16 stores in the western Argentinian province of Mendoza, for an undisclosed amount. As part of the deal, all Super A locations will be rebranded as Carrefour Express and will begin operating under the new banner this month. Carrefour said the acquisition strengthened its position as the largest supermarket chain in Argentina, with …
MBC Companies, a diversified player in the US frozen foods market, has announced the acquisition of Alpha Foods, a family-owned frozen pizza manufacturer based in Waller (TX). In a statement, MBC Companies said the deal would expand its manufacturing footprint, fuel product innovation and strengthen its ability to serve customers nationwide across multiple channels. Founded in 1984, Alpha Foods has grown from a small regional foodservice distributor into a nationwide producer …
Hero, the Swiss preserves, snacks, and infant nutrition manufacturer, has announced the acquisition of Brazilian snack company Super Saude Nutricional through its local subsidiary. Founded in 2013, Super Saude offers a 36-strong product range under its Pinati brand, including protein bars, cups, chips, nut bars and a variety of better-for-you sweet snacks. Hero said the acquisition would allow it to enter the Brazilian snack market, strengthening its international presence following the …
Diageo, the global spirits firm, has announced it has agreed to sell its Sheridan’s to Casa Redondo, a Portuguese beverage alcohol company. Sheridan’s, which a distinctive dual-chamber coffee and cream liqueur, is a well-established brand available in more than 50 countries with strong distribution across Europe. Commenting on the move, Diageo president for Europe and chief commercial officer Dayalan Nayager said: “The sale of Sheridan’s is another example of our sharp focus …
Gerald McDonald, a supplier of ingredients to the food, drink, flavour and fragrance industries, has announced the acquisition of Demos Ciclitira, an importer and packer of dried fruits, seeds, grains, and natural foods. Founded in 1917 and based in Essex, Demos Ciclitira operates alongside George Harker and Co Ltd, which has been packing dried fruits and ingredients since 1826. “We are delighted to welcome the Demos team to Gerald McDonald. Both …
Pets Choice, the UK-based pet food manufacturer, has announced the acquisition of various brands from the administrators of Kennelpak. Brands including Breederpack, Kennelboy, Kennelmaid, Duchess and Dylan will join the Pets Choice portfolio, including Webbox, Bob Martin, Felight, TastyBone, Vet’s Kitchen and Hownd. Kennelpak had brought in administrators in July. “It is obviously sad that Kennelpak recently went into administration, however I am delighted that we have rescued a number …
21st Amendment, a leading San Francisco craft brewer, has announced it is to close after 25 years of operation. According to reports, the company plans to slowly wind down operations at its San Leonardo production facility over the next two months with the goal of closing completely by early November. 21st Amendment is described as having faced challenges including shifting consumer preferences, rising competition, and the sudden withdrawal of support from a key …
German dairy company Meggle has acquired its domestic peer Rucker as seeks to expand in the cheese category. Rucker is a leading producer of feta-like Hirtenkase and employs over 600 staff at its production facilities in Aurich and Wismar. The company generated a revenue of €500 million ($426 million) in 2024. Comenting on the deal, Meggle CEO Matthias Oettel said: “The acquisition of the Rücker dairy is another significant milestone for us. …
Star Localmart, the retail venture of the Sanjay Ghodawat Group (SGG), has announced the acquisition of DusMinute, a grocery retail chain based in the Indian city of Bengalaru, for an undisclosed sum. Founded in 2020, Star Localmart manages over 130 outlets across 50 towns in Western Maharashtra and Northern Karnataka, offering around 3,000 product lines. DusMinute operates directly within residential complexes, designed to deliver everyday essentials straight to residents. Commenting on the move, …
Zydus Wellness, the Indian nutrition and skincare firm, has announced that its wholly-owned subsidiary, Alidac UK, has entered into a definitive agreement to acquire UK-based supplement firm Comfort Click (CCL) and its three international subsidiaries located in Ireland, the USA and India. This transaction marks Zydus Wellness’s first international acquisition, and its first foray into the supplements space. The CCL portfolio includes the WeightWorld brand of vitamins, minerals, probiotics and sports nutrition, …
US food giant Kraft Heinz has announced it will split into two independent, publicly traded companies in a tax-free spin-off. In a statement, the company said the move was designed to streamline operations, sharpen focus and unlock new growth opportunities. The first of the two separate companies will be a $15.4 billion business known as Global Taste Elevation Co, with a brand portfolio encompassing Heinz, Philadelphia, and Kraft Mac & …
Dutch cheese producer Cono Kaasmakers has announced the acquisition of local herb butter producer Jacques Kruidenboter. Based in Den Helder, in the North Holland province, Jacques’ Kruidenboter specialises in white cheese and butter, in addition to seasonings. The company, which owns brands like Beurre Trefle and Solataki, supplies supermarkets, the foodservice sector, and the food industry both domestically and abroad. Commenting on the move, Cono Kaasmakers managing director Jerry Griep …
US breakfast cereal maker Post Holdings has announced that has entered into a definitive agreement to sell the pasta business of 8th Avenue Food & Provisions to the US arm of Canadian agrifood business Richardson. Richardson will pay $375 million in cash for the business and also assume $80 million in leaseback financial liabilities. The transaction includes three manufacturing facilities located in North Dakota, Minnesota and Virginia, with around 500 …
New Zealand-based dairy firm Fonterra has announced it has agreed to sell its global Consumer business unit and associated businesses to French peer Lactalis for an enterprise value of 3.85 billion NZD ($2.25 billion), subject to shareholder and regulatory approvals. The deal covers Fonterra’s global Consumer business (excluding Greater China), its Consumer brands, the integrated Foodservice and Ingredients operations in Oceania and Sri Lanka, and the Middle East and Africa …
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Netherlands-based coffee and tea major JDE Peet’s for €15.7 billion ($18.21 billion). This transaction will combine Keurig, North America’s foremost single-serve coffee platform, with JDE Peet’s global coffee brands, building the world’s largest coffee company. On completion, KDP intends to establish two US-listed entities: Beverage Co in refreshment drinks …
Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail, has acquired a majority stake in a joint venture with Naturedge Beverages to expand its portfolio with healthier drinks, including herbal natural beverages. Founded in 2018, Naturedge Beverages is described as blending Indian ayurveda with modern drink choices. Its flagship Shunya branded product is a functional, herb-infused beverage with no sugar or calories, featuring kokum, brahmi, khus, ashwagandha and green …
Private equity firm Ezdehar Management has acquired a majority stake in Egyptian snack maker Kemet for Natural Food S.A.E. through its Ezdehar Mid-Cap Fund II. Founded in 1998 in Giza, Kemet specialises in pretzels, with a portfolio featuring Pretzo, Mixy and Munchos, a filled pretzel snack. Its products are exported across four continents, as well as being distributed in the wider Middle East. Commenting on the move, Ezdehar managing director …
UK food manufacturer Premier Foods has announced the acquisition of Merchant Gourmet, a UK convenience foods brand, for £48 million ($64.6 million). Founded in 1995, Merchant Gourmet is described as having market leading positions in pulses and grains, in addition to offering microwaveable rice and ready meals, with most of its products sold in pouches. Commenting on the move, Premier Foods CEO Alex Whitehouse said: “We’re very pleased to have agreed the acquisition …
Agrana, the Austrian food group, has announced that it is acquiring Mercator-Emba, a leading Slovenian food producer serving the food service sector, processors, and retailers, from Croatian food processor and retailer Fortenova Group. Mercator-Emba produces items such as BenQuick instant cocoa and Sladki Greh dessert toppings. Employing around 100 people in Slovenia, the company generated approximately €30 million ($35 million) in its 2024 financial year. Commenting on the move, Fortenova …
Dutch retail conglomerate Ahold Delhaize has announced that it has reached an agreement to sell 87 stores in Romania to local supermarket chain Annabella. Annabella, which has over 30 years of history of operating in the Romanian market, has an existing network of 118 shops spread across Argeș, Brașov, Dambovița, Giurgiu, Ialomița, Olt and Valcea counties. The move comes as part of the conditions set by the Romanian Competition Council after Ahold …
Inspired Pet Nutrition (IPN), the pet food company owned by investment funds CapVest and Parquest, has announced it has entered into an exclusivity agreement with French private equity firm Eurazeo SE for the acquisition of Ultra Premium Direct, France’s leading direct-to-consumer pet food company. Founded in 2013, UPD offers vet-developed products through a direct-to-consumer model that now reaches more than 285,000 customers. IPN claimed the purchase of UPD, following the …
Century Pacific, a seafood processor, has announced the acquisition of Atlantic Natural Foods, a plant-based foods company that had filed for bankruptcy protection in April. The deal is for all of Atlantic Natural Foods’ assets, including the Loma Linda ready meal range, Tuno alternative tuna brand, Neat plant-based egg substitute and Kaffree Roma caffeine-free beverages, as well as related manufacturing facilities, licences and inventory, and is valued at under $10 million. …
V2Food, a Australian plant-based food company, has announced the acquisition of Daring Foods, a USA-based plant-based chicken start-up, alongside a strategic partnership with Japanese food giant Ajinomoto. Founded in 2018, Daring Foods established its headquarters in the USA in 2020, offering plain, flavoured, and breaded plant-based chicken such as pieces, wings, patties and ready meals. Commenting on the move, V2Food CEO Tim York said: “For several years, V2Food has been …
US-based equity firm Hoffmann Family of Companies (HF Companies) has announced the acquisition of Elmer Chocolate, a leading US producer of heart-shaped chocolates that caters especially to Valentine’s Day and Easter. The company was founded in 1855 and has a manufacturing facility in Ponchatoula (LA). Commenting on the move, HF Companies Co-CEO Geoff Hoffmann said: “We’re honored to partner with the Nelson family and build on Elmer Chocolate’s remarkable legacy. …
The Coca-Cola Company, the multinational drinks company, has announced that it has entered into an agreement to sell Chi, a leading food and beverage player in Nigeria, to UAC of Nigeria. Founded in 1980, Chi offers a portfolio that includes dairy products, fruit juices, nectars, still drinks and snacks. Hollandia is Nigeria’s market leader in evaporated milk and drinking yoghurt, while Chivita leads in fruit juices. The Coca-Cola Company took …
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced the acquisition of full ownership of Dyla Brands, a key player in the powdered drink mix and liquid water enhancer business. Dyla Brands’ product portfolio includes natural water enhancer Stur, as well as licensed products under KDP-owned trademarks such as Crush, Hawaiian Punch, 7UP and Snapple. The company sells more than 1.5 billion drink mix servings annually and …
NewPrinces Group, a multinational in the food industry, has announces that it has signed a binding agreement to acquire Carrefour’s Italian supermarkets for €1 billion ($1.17 billion). Following its acquisition of Carrefour Italia, NewPrinces Group will become the second-largest Italian food and beverage group by revenue and the largest employer in the sector, with 13,000 direct staff in Italy and over 18,000 globally, as well as an additional 11,000 individuals …
Dole, the Ireland-based fruit and vegetable giant, has announced that certain of its subsidiaries have completed the sale of it fresh vegetable business to Og Holdco LLC, the parent company of Organicgirl LLC, a portfolio company of equity fund Arable Capital Partners, for a sale price of $140 million. The fresh vegetables division has operations related to processing and sale of whole vegetables, with operations in three processing plants across the …
Dairy Farmers of America (DFA), the farmer-owned global dairy cooperative, has announced the acquisition of Wisconsin based dairy firm W&W Dairy. The acquisition includes the W&W Dairy business, its licensed brands, and the manufacturing facility in Monroe which produces a variety of Hispanic cheese products including queso fresco, cotija, queso blanco, quesadilla, panela and para freir. “The growth trajectory for the Hispanic cheese market is more than three times that of …
Food manufacturer B&G Food has announced the sale of the Le Sueur brand of peas, green beans and carrots to preserved fruit and vegetable specialist McCall Farms for an undisclosed sum. The proceeds from the sale will be used for general corporate purposes including the repayment of long-term debt, the purchase of assets useful in B&G Foods’ business, and to pay taxes, fees and expenses related to the sale. B&G …
Irish drinks company Cobblestone Brands has announced the acquisition of the Knappogue Castle and Clontarf Irish Whiskey brands from Irish Distillers, a subsidiary of wine and spirits giant Pernod Ricard. Commenting on the move, Cobblestone Brands CEO Brian Fagan said: “We believe deeply in the future of the Irish whiskey category. Despite near-term industry challenges, this is a time to invest in quality, a authenticity, and long-term brand building. Knappogue …
Dutch dairy multinational FrieslandCampina has reached an agreement to sell its operations in Romania to Bonafarm Group, a regional food and beverage company. This transaction includes the Napolact brand and two production sites in Cluj-Napoca and Târgu Mureș that employ around 400 people. Commenting on the move, FrieslandCampina Europe President Dustin Woodward said: “This step enables us to better align the European portfolio with our strategy to maximise the value …
Fragadis and Lider Aliment, two licensees of the Spar retail brand in Spain, are set to merge operations in a move aimed at strengthening the brand’s national footprint. Specifically, Fragadis, which is active in Catalonia and Valencia, has agreed to acquire Lider Aliment, the Spar licensee for Extremadura and Eastern Andalusia. The deal, which is still subject to regulatory approval, will create a combined network of over 420 Spar and Eurospar stores, …
Ty Nant, a player in the premium bottled water sector, has announced the acquisition of Strathmore Water from AG Barr, the UK-based soft drinks firm. AG Barr, a British beverage firm known for Irn-Bru and Rubicon, has owned Strathmore Water since 2006. The brand offers still and sparkling water, sourced and bottled in Forfar, Scotland, and distributed across gyms, hotels, events, and leisure venues across the UK. Commenting on the …
Generous Brands, a portfolio company of private equity firm Butterfly, has announced that it has signed an agreement to acquire California-based soft drinks firm Health-Ade from fellow equity funds First Bev and Manna Tree Partners . Founded in 2012, Health-Ade positions itself as a producer of “feel-good, bubbly beverages” with gut-health benefits, including kombucha, prebiotic sodas and cocktail mixers. The company has annual retail sales of $250 million and its …
Jack Link’s, the US-based meat firm, has announced the acquisition of meat snack brand Kooee via its Australian division Link Foods APAC to expand its premium offering across the Asia-Pacific region. Founded in 2015 in north-west Tasmania by Shaun Malligan, Kooeee! offers a range of beef jerky and meat sticks made from 100% grass-fed beef and free-range pork, reportedly using natural, gluten-free, and clean ingredients. The brand is available in …
Vilore Foods, the US importer and distributor of the La Costena and Jumex brands, has announced the acquisition of Mexican food brand Tia Lupita Foods. This acquisition marks Vilore Foods’ entry into the natural foods sector, broadening its portfolio with Tia Lupita Foods’ gluten-free, non-GMO and preservative-free products, including signature hot sauces, grain-free cactus tortilla chips and chilli oil Mexican Chili Crunch. Commenting on the move, Vilore Foods director of …
Unilever, the multinational consumer goods giant, has announced it has announced a buyer for its ice cream business in Venezuela in the shape of Mack de Venezuela, a Colombian automotive company. The transaction includes both the Tio Rico brand and its associated factory. Commenting on the move, a Unilever spokesperson said: “In accordance with our focus on portfolio optimisation and value creation, the Unilever board determined this transaction delivers the best …
AG Barr, the UK-based soft drinks firm, has announced the acquisition of a majority stake in Innate-Essence Limited, parent company of The Turmeric Co, to expand its footprint in functional beverages and health supplements. Founded in 2018 by former professional footballer Hal Robson-Kanu, The Turmeric Co has reportedly established collaborations for its turmeric wellness shots with the Leicester Tigers rugby team and Premier League football clubs Brentford and Everton. “These brands …
Reckitt Benckiser, the household care and homecare giant, has announced it has agreed to sell a majority stake in its Essential Home business to private equity investor Advent International in a deal worth up to $4.8 billion. The Essential Home portfolio includes air freshener brand Air Wick, water softener brand Calgon, laundry care brand Woolite, and detergent brands Cillit Bang and Easy-Off in more than 70 markets. The deal also includes six …
Greece’s Vivartia has announced the sale of its dairy subsidiary Dodoni, to local peer Hellenic Dairies for €205 million ($239 million). Founded in 1963 in Ioannina, Dodoni has a portfolio that extends to feta and halloumi cheese, yoghurt, and a coconut oil-based vegan range called Plant’d. The company exports its range to over 50 countries, including across Europe, the United States, and Australia. Hellenic Dairies produces a wide variety of dairy …
Food manufacturer Dr. Oetker has announced that it has signed a contract to acquire Kathi, a fellow German company that makes baking products. Founded in 1951, Kathi operates a production facility in Halle, Saxony-Anhalt, and offers a wide range of products including baking mixes, pastries, flour, frozen cakes and baking accessories. Commenting on the move, Kathi managing director Marco Thiele said: “Against the backdrop of the persistently difficult economic conditions and …
Confectionery firm Ferrero has announced that it has entered into a definitive agreement to acquire WK Kellogg, the US breakfast cereal manufacturer, for $3.1 billion. Commenting on the move, Ferrero Group executive chairman Giovanni Ferrero said: “Over recent years, Ferrero has expanded its presence in North America, bringing together our well-known brands from around the world with local jewels rooted in the U.S. Today’s news is a key milestone in …
Ferrara, a subsidiary of confectionery giant Ferrero, has announced it has entered into exclusive discussions to acquire CPK Group, a French manufacturer and distributor of sweets and chocolates, from investment firm Eurazeo. The deal, to be transacted via a European holding company of Ferrara, would aim to combine CPK’s strong position in the European confectionery market with Ferrara’s broad portfolio of sugar confections and history of breakthrough innovation and value creation, …
Italian spirit group Campari has agreed to sell its Cinzano vermouth and sparkling wine business, along with Frattina grappa and sparkling wines, to the privately-owned Italian firm Caffo Group in a €100 million ($117 million deal). This strategic move aligns with Campari’s plan to streamline its brand portfolio by offloading non-core assets, the company said in a statement, adding that the goal was to sharpen focus on core spirits, simplify operations …
Italian confectionary companies Pernigotti and Walcor have announced their merger, backed by key shareholders including JP Morgan Asset Management and Invitalia. The newly formed entity boasts €70 million ($82 million) in annual revenue, over 340 employees, and export sales to nearly 50 countries. Operations will continue at existing plants in Novi Ligure and Pozzaglio ed Uniti. This strategic move aims to streamline the business structure, broaden the product range, and …
Inspired Pet Nutrition (IPN), the pet food company controlled by investment firms CapVest and Parquest, has agreed to acquire Sopral, a French premium dry pet food manufacturer. Based in Plechatel in the Brittany region, Sopral offers products under the Pro-Nutrition Prestige, Pure Life and Protect brands. The company has a presence in over 50 countries and a workforce of more than 130, supported by a 13,400-square-metre manufacturing facility. Commenting on …
New Princes Group, the diversified food company formed on Newlat’s acquisition of Princes last year, has announced the acquisition of the Italian baby food business of Kraft Heinz for €120 million ($140 million), according to a report in Grocery Gazette. As a result of the acquisition, New Princes Group will add a range of new brands to it portfolio, alongside a manufacturing facility with a 300-strong workforce. The deal reportedly builds on a 2015 deal …
Kneipp, the German natural toiletries firm, has reached an agreement to sell the Cattier Paris brand to an unnamed investment firm based in France, according to a report in Lebensmittel Praxis. Under the terms of the agreement, which was reportedly finalised on 30th June, Kneipp will continue to market the Cattier Paris brand in Germany, Austria and Switzerland until the end of this year. Founded in 1968, Cattier Paris markets …
Valeo Foods, a leading European producer of sweets and snacks, has announced the acquisition of Melegatti Cakes, an Italian sweet bakery manufacturer, in line with its strategy to expand in baked treats. Founded in 1894 in Verona, Melegatti has a portfolio that includes the Italian cakes pandoro and panettone, as well as croissants and a variety of other sweet baked goods. Its production is carried out at sites in San Giovanni Lupatoto …
International cosmetics firm L’Oreal has agreement to acquire Colour Wow, a professional haircare brand founded in 2013 by Gail Federici. Operating across the US and UK, the brand is reportedly known for its high-performance formulas and products such as Dream Coat and XL Bombshell Volumizer, and is available in selective retail and e-commerce platforms, as well as salons. The acquisition will see Colour Wow join L’Oral’s Professional Products Division, reinforcing …
Arla Foods, the Denmark-based dairy cooperative, has announced an investment of €59.4 million ($70million) to expand cream cheese production at its dairy facility in Holstebro, Denmark. Arla Foods manufactures around 155,000 tonnes of butter and spreads and 119,000 tonnes of cream cheese per year. An earlier expansion at its Holstebro processing facilities, completed in early 2025, added an additional 27,000 tonnes of cream cheese capacity. This new investment will add …
Bubbies Ice Cream, a Hawaiian firm best known for mochi ice cream, has been acquired by by Marubeni, a leading Japanese trading and investment firm. Founded in 1985, Bubbies Ice Cream is described as being known for its premium positioning and unique flavours, recently venturing into a new frozen category with its Mini Ice Cream Cookie Sandwiches. Commenting on the move, Bubbies Ice Cream chief executive officer Jeff Stites said: …
Sofina Foods, the Canadian meat processor, has confirmed its acquisition of Finnebrogue, the Northern Ireland-based manufacturer known for its pork and plant-based offerings. The deal adds four production sites and around 1,200 employees to Sofina Foods Europe’s network, bringing its total workforce to over 9,000 across 27 facilities. Finnebrogue’s portfolio includes both raw and cooked pork products such as sausages, ham and bacon. The acquisition reportedly aligns with Sofina’s strategy …
Swiss chocolate manufacturer Maestrani Schweizer Schokoladen has announced the acquisition of Belgian chocolate manufacturer Delafaille as a part of a succession plan. Founded in 1852 by Aquilino Maestrani, Maestrani has a brand portfolio that includes Munz, Minor, and Avelines. The acquisition includes Delafaille along with its co-packing subsidiary Ostrapack, based in Ostrava, Czech Republic. Commenting on the move, Maestrani CEO Christoph Birchler said: “Two countries, two strengths – united under one …
Walko Food Company, an Indian ice cream and dessert business, has announced the acquisition of domestic peer Meemee’s Ice Creams to extend its reach in urban markets and the direct-to-consumer (D2C) channel. Founded in 2012, Walko Food Company owns a portfolio of brands including NIC, GrameenKulfi, Café Chokolade, Mimo and Cream Pot, known for their premium ice creams, kulfis, frozen desserts, and thick shakes. Commenting on the move, Walko Food …
Danone, the food and beverage multinational, has announced the acquisition of The Akkermansia Company (TAC), a Belgian biotech firm claimed to have nearly two decades of research and development in the field of biotics. Founded in 2004, TAC discovered and developed the biotic strain Akkermansia muciniphila MucT, reportedly shown to strengthen the gut barrier, reduce inflammation and help counteract metabolic conditions such as obesity, diabetes and cardiovascular disease. “Expanding deeper …
FMCG giant Unilever has announced that the company has acquired men’s personal care brand Dr. Squatch from growth equity firm Summit Partners. In a press release, Unilever said the addition of Dr. Squatch to the firm’s portfolio was part of its strategy to increase its number of premium and high growth products. Dr. Squatch is described by Unilever as a “highly engaging” brand with viral marketing strategies, and which is currently selling its …
Diageo India (USL), a subsidiary of Diageo operating in India, has announced the acquisition of a majority stake in Nao Spirits, an Indian craft distiller, for 130 crore INR ($15.2 million). Founded in 2017, Nao Spirits makes premium Indian spirits using native botanicals. Its range includes Greater Than, India’s first craft gin, and Hapusa, made with Himalayan juniper. In 2024, it launched the spiced aged rum PIPA in India and …
Leading Spanish-based snack company Grupo Apex has announced the acquisition of Cadiz-based peer Chavez y Clark, trading as Supermex. Supermex is a producer of tortilla chips, salsas, and seasonings, and is known for its use of the traditional Aztec nixtamalisation method of tortilla manufacture. It operates from a 1,300 sq m production facility, with an additional 1,000 sq mt of warehousing. The company has a workforce of 36 and reported …
US food giant General Mills has announced that it is acquiring the assets of Gladstone Food Products, a producer of packaged foods. Originally founded in Gladstone (MI) in 1967, Gladstone Food Products manufactured taco shells under its own brand name and taco seasoning under the La Tiara brand. The company ceased operations in January, reportedly due to construction disruptions and increased costs, entering receivership on 18th March. Commenting on the …
Saudi Arabia based dairy firm Almarai has announced that it has signed an agreement to acquire Pure Beverages, a drinking water company based in Saudi Arabia, for 1.040 billion ($277 million). Founded in 1979, Pure Beverages Industry Company claims to produce “bottled water of exceptional quality”, running “high-tech” production plants that align with global standards. The bottled waters it sells are marketed under the brands Ival and Oska. In a statement, Almarai said: …
Conagra Brands, a leading US food manufacturer, has announced that it has entered into a definitive agreement with High Liner Foods, a Canadian processor and marketer of frozen seafood, to sell its Van de Kamp’s and Mrs. Paul’s frozen seafood brands for $55 million in cash. Mrs Paul’s and Van de Kamp’s dominate the US market for frozen breaded and battered seafood, with offerings such as fish for tacos, sandwiches, …
Refresco, the independent drinks bottler, has announced that it has entered into an agreement to acquire Telemark Kildevann (“TKV”), a leading Norwegian beverage manufacturer. TKV is a family-owned manufacturer of soft drinks and bottled water, operating two production sites in Norway. It supplies both retailers and branded customers across Norway and Sweden. Commenting on the move, Refresco CEO Hans Roelofs said: “The acquisition of TKV marks another milestone in the …
Personal care giant L’Oreal has announced that it has signed an agreement to acquire a majority stake in the UK skincare brand Medik8 to strengthen its Luxe portfolio. Founded in 2009 by Elliot Isaacs, Medik8 offers a range of products including serums, moisturisers, cleansers and toners. The company markets its products through direct-to-consumer (DRC) channels, professional clinics, pharmacies and retailers such as Space NK and Harrods, and manufactures them at a dedicated …
Post Holdings, a leading consumer packaged goods holding company, has announced a definitive agreement to acquire 8th Avenue, a diversified food manufacturer. Under the agreement, Post will eliminate 8th Avenue’s outstanding net debt and acquire all equity interests for a net payment of approximately $880 million. 8th Avenue specializes in branded and private label dry pasta, nut butters, granola, and fruit & nut products. Post-acquisition, Post Holdings will internalize the …
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Don Pepino and Sclafani brands of sauces and canned tomatoes to Violet Foods, a newly formed portfolio company of equity fund Amphora Equity Partners. In 2010, B&G acquired Sclafani, Don Pepino and Violet through its purchase of Violet Packing from LaSalle Capital, including the brand and a facility in Williamstown (NJ) facility. Sclafani offers …
Ineos, a global leader in chemicals, has announced the sale of Ineos Hygienics, its healthcare and homecare venture, to SKG Capital Partners, a Middle Eastern-based family investment firm. Founded in 2020 during the Covid-19 pandemic in an effort to meet demand for hand sanitiser, Ineos Hygienics has developed into a leading brand offering a wide range of household and personal care products, including multi-room cleaners, wipes, dish and hand wash, laundry detergent, …
Australian winery Australian Vintage has announced that the company entered a strategic partnership with Burch Family Wines to acquire international ownership of the brand MadFish, a wine brand from Western Australia. In a press release, the company said it would become the exclusive distributor of Howard Park Wines in the UK, Ireland, Europe and Canada, whilst Burch Family Wines will be the owner of brand rights and distribute MadFish and Howard …
Nutifood, a Vietnamese dairy firm, has partnered with its Australian peer ViPlus Dairy to form the international joint venture ViPlus Nutritional Australia and associated dairy brand GippsNature. The brand will blend the natural resources of Australia’s Gippsland region with scientifically validated nutrition, to support health and growth across all life stages, the two companies said. Commenting on the move Nutifood vice president Tran Bao Minh said: “The upcoming GippsNature brand …
Rasna, a manufacturer of instant beverages, has announced the acquisition of soft drinks brand Jumpin to expand into India’s growing ready-to-drink (RTD) market. Launched by Godrej as India’s first drink in Tetra Pak cartons, and later acquired by Hershey, Jumpin was known for its non-carbonated beverages. It was withdrawn during the Covid-19 pandemic, after reaching annual revenues of almost 150 crore INR ($18 million). Commenting on the move, Rasna group chairman Piruz …
Chobani, the leading US greek yoghurt firm, has announced the acquisition of Daily Harvest, a plant-based frozen smoothie and meals start-up, for an undisclosed amount. Founded in 2015, Daily Harvest is a New York-based company operates through a direct-to-consumer model, aiming to provide convenient, organic options rich in fruit and vegetables. Commenting on the move, Daily Harvest CEO Ricky Silver said: “I’m excited to share a new chapter in our journey. …
Verde Valle Foods, a producer and distributor of rice, beans and ready meals in a pouch, has announced the acquisition of A Dozen Cousins, a brand focused on ready-to-eat dishes inspired by Creole, Caribbean, and Latin American traditions. Founded in 1967, Verde Valle is a third-generation family firm that owns leading brands such as Verde Valle, Isadora and Helena’s Hummus. Established in 2019, A Dozen Cousins specialises in ready-to-eat foods …
Kameda Seika, a Japanese snack firm, has announced that it is divesting its US brand Mary’s Gone Crackers (MGC) to Rosseau Inc, a US subsidiary of Canadian food manufacturer Dare Foods, in a debt-equity swap. Founded in 2004, MGC offers organic, kosher, gluten-free and non-GMO crackers, available at grocery and speciality stores in both the United States and Canada. In statement, Kameda Seika said MGC had faced difficulties due to changes in its …
Danone, the food and beverage multinational, has announced that it has entered into a definitive agreement to acquire a majority stake in Kate Farms, a US-based producer of plant-based, nutritional shakes and formulas for adults and children. Kate Farms shakes are described as containing organic pea protein, fibre and phytonutrients, with no artificial additives or any of the top nine allergens. Commenting on the move, Kate Farms chairman and chief …
Associated British Foods (ABF) has confirmed it is in discussions with private equity firm Endless, the owner of Hovis, regarding a possible merger with ABF’s Allied Bakeries business, according to a FoodBev report. In a statement, ABF noted that Allied Bakeries “continues to face a very challenging market”, adding: “We are evaluating strategic options against this backdrop and remain committed to increasing long-term shareholder value. A further announcement will be made …
Investment fund Whitehole has acquired Spanish black pudding maker Embutidos Rios with the aim of boosting its presence in the food sector. Founded in 1930, Embutidos Rios has a workforce of 85 and an annual turnover of more than €10 million ($11 million). Commenting on the deal, José Luis L Ríos, Embutidos Rios executive director said: “This collaboration provides us with the necessary tools to build a solid company and management team, with the …
Leading European sweets and snacks producer Valeo Foods has announced the acquisition of Freddi Dolciaria, an Italian producer of sweet bakery products. Founded in 1949 and based in Castiglione delle Stiviere, Freddi Dolciaria produces pre-packaged sponge cakes and Swiss rolls and generates nearly €20 million ($22.2 million) in annual turnover. Commenting on the move, Valeo Foods Group CEO Ronald Kers said: “Freddi Dolciaria is a fantastic addition to the Valeo Foods …
Magnit, a leading Russian retailer, has announced the acquisition of a controlling stake in Azbuka Vkusa, a premium grocery chain, through its subsidiary AO Tander. Azbuka Vkusa operates 171 stores across multiple formats, primarily in Moscow and Saint Petersburg, alongside an online delivery service and catering business. The acquisition also includes five production facilities, three distribution centres, and significant warehouse infrastructure. Post-acqusition, Magnit reportedly plans to retain the Azbuka Vkusa …
Leading US food manufacturer Conagra Brands has announced it has entered into an agreement to sell Chef Boyardee, an ambient ready meals brand, to Hometown Food Company, a portfolio company of private equity Brynwood Partners, for $450 million. This transaction includes a manufacturing facility in Milton (PA) and a full range of shelf-stable operations and assets, excluding frozen frying pan meals that will be licensed to Conagra by Hometown Food Company. …
Lactalis, the French dairy giant, has signed an agreement to acquire Queijos Tavares, a Portuguese producer of cow, sheep, and goat cheeses, from Crest Capital Partners. Founded in 1996, Queijos Tavares produces a variety of cheeses under brands such as Seia do Tavares, Serras de Penela, Damar, and Monte da Soalheira. The company is a key supplier to Portugal’s retail and hospitality sectors and offers three varieties with Protected Designation …
Pernod Ricard, the wine and spirits major, has announces the successful divestment of strategic international wine brands to Australian Wine Holdco Limited (AWL), a consortium of global institutional investors and the owner of Accolade Wines. The divestment paves the way for the creation of a new global wine company under the name Vinarchy, and will also allows Pernod Ricard to focus on its premium international spirits and champagne brands. The transaction encompasses a …
Kandhari Global Beverages has received approval from the Competition Commission of India (CCI) to acquire a Coca-Cola bottling facility in northern Gujarat for 2,000 crore INR ($240 million). According to reports, the transaction supports Coca-Cola’s long-term goal of minimising its direct bottling footprint by placing regulatory compliance in the hands of Indian businesses and bottling partners. Kandhari Global Beverages is described as an authorised bottler of Coca-Cola and Schweppes Holdings, …
ITC, the Indian conglomerate, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Sresta Natural Bioproducts (SNBPL), the company behind organic food and drink brand 24 Mantra Organic, for 472.5 crore INR ($56.7 million). SNBPL offers over 200 products from staples to juices and ready-to-cook foods, ITC said in a statement, adding that the company’s vertically integrated supply chain promotes sustainable livelihoods …
European multinational home care and personal care company Persan has acquired Mibelle Group to create one of the world’s largest players in private label and contract manufacturing. The acquisition of the Mibelle Group therefore fits “perfectly” in Persan’s growth strategy, Mibelle Group said in a statement, adding that both companies complement each other in terms of expertise, technology, markets and production sites. The acquisition includes all legal entities parts of …
German bakery firm Harry-Brot has received approval from Germany’s national competition regulator to acquire Glockenbrot, a subsidiary of the retail group Rewe, as well as the company’s bakery in Bergkirchen, Bavaria. Glockenbrot, which has been owned by Rewe since 1986, operated bakeries in Bergkirchen and Frankfurt. Rewe shut the Frankfurt site before selling Bergkirchen to Harry-Brot. As part of the transaction, Harry-Brot will take ownership of the Bergkirchen factory and …
Portuguese retailer Jeronimo Martins has received approval from Colombia’s antitrust authority to acquire 75 Colsubsidio supermarkets to boost its presence in Colombia to more than 1,500 outlets. In November last year, Colsubsidio announced that it would close all 104 of its stores by December due to declining performance and increased competition. The newly acquired stores will gradually reopen under the Ara brand by summer supported by new distribution centres in …
Muller, the UK’s largest milk supplier and distributor, has announced it has agreed to acquire kefir brand Biotiful Gut Health, as it seeks to establish a presence in the functional health yoghurt and drinks segment. Founded in 2012, Biotiful produces a range of kefir and natural gut health products. Commenting on the deal, Muller’s yogurt and desserts CEO Richard Williams said: “This is a business which fits really well within …
International dairy company Arla has announced its intention to merge with DMK Group, Germany’s largest dairy cooperative . The merger will create the largest dairy cooperative in Europe with more than 12,000 farmers, ensuring “financial abilities to invest in the future of dairy”, the company said in a statement “The foundation of this partnership is formed by our shared values, and I am immensely proud of this proposed merger, which …
Egg producer and distributor Cal-Maine Foods has signed an agreement to acquire breakfast food manufacturer Echo Lake Foods for approximately $258 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelettes, egg patties, toast and diced eggs. The acquisition will allow Cal-Maine Foods to expand its business into the value-added egg processed category and strengthen strategic customer …
Italian egg producer Eurovo has announced the acquisition of a majority stake in UK-based liquid egg white brand Two Chicks for an undisclosed sum. Founded in 2007, Two Chicks is claimed to be the first company to launch liquid egg whites in UK retail. Eurovo supplies eggs and egg products to over 5,000 customers in more than 40 countries, reportedly generating approximately €1.25 billion ($1.4 billion) in combined revenue in …
Alcoholic drinks giant Diageo has announced that the company has entered a strategic joint venture with investment and advisory firm Main Street Advisors involving the brands Ciroc Ultra-Premium Vodka and Lobos 1707 Tequila. In a press release, Diageo said it had exchanged majority ownership of Ciroc Ultra-Premium Vodka brand rights in North America for a majority ownership interest in Lobos 1707 brand rights globally. The joint venture is said to …
The Hershey Company, the US confectionery and snacks firm, has announced that has entered into an agreement to acquire LesserEvil, a maker of organic snacks. “Investing in LesserEvil brings a multi-category, better-for-you snacks platform to extend our offerings into new categories and forms, reaching new consumers in more eating occasions,” said Hershey president and CEO Michele Buck. “This high-growth brand not only complements our beloved confection and salty snack brands …
Castillo Hermanos, a diversified multinational business group, has announced that it has entered into a definitive agreement with private equity firm Brynwood Partners to acquire Harvest Hill Beverage Company, a leading USA-based beverage company. Harvest Hill was founded by Brynwood VII in July 2014 with the acquisition of Juicy Juice from Nestle USA. Its brand portfolio includes SunnyD, Fruit2O, Veryfine, Little HUG, Nutrament and Daily’s Cocktails, and the company operates …
Marquez Brothers, a leading Hispanic food producer, has announced that it reached an agreement to acquire Hato Potero Farms, the owner of YoGusto brand of dairy products Hato Potrero Farm Inc. is a family-run dairy manufacturer whose flagship YoGusto bramd offers drinkable yoghurts and other dairy products such as lactose-free milk, chocolate milk, sour cream and cheeses. Commenting on the move, Marquez Brothers CEO Gustavo Marquez JR said: “This acquisition fits …
Bonduelle, the French vegetable processor, has announced the sale of its packaged salad business in Germany to Taylor Farms, effective 31st March “This divestment, aligned with the ‘Transform to Win’ plan revealed on August 29, marks a key milestone in enhancing the group’s operational profitability”, the firm said in a statement, noting it was also accelerating its growth in the European fresh delicatessen market and reinforcing its foothold in America, in …
Dollar Tree, the largest discount retailer in the US, has announced it has entered into an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for $1 billion. Founded in 1953, Dollar Tree operated over 16,500 stores as of 1st February 2025, spanning 48 US states and five Canadian provinces. The stores trade under the names Dollar Tree, Family Dollar and Dollar Tree Canada. …
Global Eggs, a Luxembourg-based egg conglomerate, has reached an agreement to acquire US egg producer Hillandale Farms for $1.1 billion, according to a Reuters report. Global Eggs was established last year and operates Brazil’s Granja Faria and Spain’s Grupo Hevo, acquiring the latter in November. Hillandale Farms, Grupo Hevo, and Granja Faria reportedly generated over $2 billion combined in revenue in 2024. Private equity fund BTG Pactual also plans to invest $300 million in Global …
Bunge, the leading agri-commodities business, has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a leading European manufacturer and seller of frozen baked goods and plant-based foods. Under the agreement, Vandemoortele will acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, together with its spreads and margarine manufacturing locations and a portfolio of 20 consumer brands. Commenting on the move, Bunge …
Isigny Sainte Mere, a French dairy cooperative manufacturing products such as cream, butter, cheese and infant formula, has announced that it has entered into exclusive negotiations to acquire 90% of the shares in local biscuit manufacturer La Maison du Biscuit. Founded in 1903, La Maison du Biscuit produces artisanal biscuits in Sortosville-en-Beaumont, in France’s Brittany region. The products are sold throughout France and online across Europe, including in Belgium, the Netherlands, …
Nestle, the food and drink multinational, and South Korean food group Lotte Wellfood have agreed to end their Lotte-Nestle Korea joint venture by the first quarter of 2026. Initiated in June 2014, the Lotte-Nestle Korea partnership operates as a 50-50 joint venture, manufacturing and distributing Nescafe instant coffee, chocolate powder drinks, fruit powder drinks, pet food and culinary products across South Korea. Commenting on the move, Nestle Korea CEO Thomas …
Unilever, the multinational consumer goods giant, has announced that it has received a binding offer from plant-based company Vivera to acquire De Vegetarische Slager (The Vegetarian Butcher), a Netherlands-based meat substitutes firm. Founded in 2010, The Vegetarian Butcher expanded to 55 countries after Unilever acquired it in 2018. Commenting on the move, Unilever Foods president Heiko Schipper said: “I believe that The Vegetarian Butcher is poised for even greater success …
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Poppi, a fast-growing prebiotic soda brand, for $1.95 billion. Poppi is made with fruit juice, apple cider vinegar, and prebiotics, with less than 5g of sugar per serving, and is available across the US in 14 flavours. Commenting on the move, PepsiCo Beverages US CEO Ram Krishnan said: “As we look to reorient our …
French-based brioche specialist Sicard has announced the sale of a factory in Saint-Jean-de-Beugne to bakery peer La Boulangere & Co. According to sources, the factory is an 3,000 sq m in size and sits on a 40,000 sq mt plot. Commenting on the decision, Sicard president Véronique Sicard said: “This partial sale is an essential step in ensuring the company’s sustainability and preserving jobs, while allowing the group to refocus …
Australian importer and manufacturer Entyce Food Ingredients has announced the acquisition of Naked Rivals, an Australian startup that produces “innovative and sustainable” citrus juice products. In a press release, Entyce Food Ingredients said Naked Rivals produces freshly squeezed lemon and lime juice, free from pits, peel and preservatives, sold in trays of “cubes” that are each said to contain the juice equivalent of half a lemon or lime. The brand is focused on …
Yeo Valley, a leading UK dairy firm, has announced plans to acquire New Zealand-based Epicurean Dairy and its brand The Collective to expand its premium yoghurt range. Founded in 1976, Yeo Valley is an independently-owned dairy producer, operating across five sites in Somerset and Devon and employing over 1,700 people. Commenting on the move, Yeo Valley chief executive Rob Sexton said: “The Collective brand is renowned for never compromising on the …
The Compleat Food Group, a diversified UK food business, has announced the acquisition of The Real Yorkshire Pudding Co, a leading supplier of chilled Yorkshire puddings, for an undisclosed sum. Founded in 1992, The Real Yorkshire Pudding Co is a leading supplier of own-label and branded chilled Yorkshire puddings and toad in the hole, with listings in all major UK retailers. Its turnover is in the order of £33 million …
Walgreens Boots Alliance (WBA), the global pharmacy chain, has announced that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments. “Leveraging WBA’s healthcare expertise and Sycamore’s established leadership in retail and consumer services, WBA will be better positioned to become the first choice for pharmacy, retail and health services”, the company …
Core Home, a manufacturer of housewares and lifestyle products, has announced the acquisition of Bubluv, an Asian boba tea brand, to mark the company’s entry into the food and beverage industry. Described as being free from artificial ingredients, and low in calories and sugar, Bubluv’s flagship bubble tea is described as a shelf-stable drink with milk and fruit flavours. The product is made using loose-leaf tea with jelly pearls in the varieties Black Milk …
Colavita, a leader in premium Italian specialty foods, has announced the acquisition of Vitelli Foods, the owner of the Luigi Vitelli brand of pasta and canned tomatoes. In a statement, Colavita said the acquisition diversified its offerings and bolstered its position as the third-largest importer of Italian pasta in the US, as well as strengthening its presence in the tomato segment. Established in 1885, Luigi Vitelli is the first Italian …
Leading investment firm KKR has announced the sale of Japanese supermarket chain Seiyu to retail firm Trial Holding for ¥380 billion ($2.54 billion). Trial Holding is a distribution and retail business on the island of Kyushu with a network of stores offering “everyday essentials”. In 2021, KKR acquired a 65% majority stake in Seiyu from Walmart, followed by a 20% stake from Rakuten in 2023. As part of the deal, Walmart …
Denmark’s largest retailer Salling Group has acquired Rimi Baltic, a retail chain active in the Baltic States, from Swedish grocery retailer ICA Gruppen for €1.3 billion ($1.4 billion), excluding debt. The deal, reportedly the largest in Salling Group’s history, is described as being in line with the ambitions of the company’s Aspire ’28 business strategy, which it launched last year. ICA Gruppen is a retailer franchise with a focus on …
India-based food firm Adani Wilmar has announced the acquisition of sauces and pickle maker GD Foods to expand its category footprint. Founded in 1984, GD Foods is a leader in tomato ketchup, sauces, jams, pickles, noodles, instant mixes, cereals, and essential cooking ingredients under the Tops brand. The brand operates in seven northern Indian states, supplying its products to more than 150,000 retail outlets. Commenting on the move, Adani Wilmar MD …
MNG Brands, a manufacturer of drinks, supplements and skincare products and subsidiary of MNG 2005 Inc, has announced it has acquired WellBeing Brewing Company, a leader in the non-alcoholic beer market, to expand its wellness portfolio. Post-acquisition, WellBeing Brewing Company will introduce beverages infused with tetrahydrocannabinol (THC), broadening its range of functional wellness drinks. Commenting on the move, MNG 2005 Inc vice president Dafna Revah said: “MNG Brands is at …
Scan Sverige, a subsidiary of agrifood cooperative Lantmannen, has announced it has signed an agreement to acquire Lindvalls Chark, a company specialising in sausages and charcuterie sourced from Swedish farms. Founded in 1925, Lindvalls Chark was previously part of the Norwegian Jordanes Group, having been acquired in 2017. The company has an annual turnover of approximately 400 million SEK ($38 million) and makes roughly 8,000 tonnes of sausages each year at its production facility …
Italian tea company Everton, owned by Clessidra Private Equity, has acquired the US-based firm Eastern Tea, known for producing tea under the Bromley label as well as supplying private label brands. Headquartered in Tagliolo Monferrato, Everton generated approximately €45 million ($47 million) in revenue during its 2024 financial and has production facilities in Italy, India and Croatia. Everton reportedly controls its entire production process from cultivation and processing to packaging. …
Celsius Holdings, the global drinks firm, has announced it has finalised a definitive agreement to acquire functional brand Alani Nu for $1.8 billion, inclusive of $150 million in tax assets. “This strategic transaction will merge two rapidly expanding brands within the U.S. energy drink market, creating a leading better-for-you and functional lifestyle platform that is poised to capitalize on the rising consumer preference for zero-sugar beverages”, the company said in …
FMCG giant Colgate-Palmolive has announced it has acquired Care TopCo, the owner of the Prime100 pet food brand, from private equity fund Quadrant PE for A$500 million ($317.5 million). Founded in 2014 in Melbourne, Prime100 offers both refrigerated and shelf‐stable products to pet speciality and other retailers across Australia, focusing on science‐based product lines and veterinary endorsement. Post acquisition, it will form part of Colgate-Palmolive’s Hill’s Pet Nutrition division. Commenting on the move, Colgate-Palmolive …
Plant-based private equity firm Ahimsa has acquired Blackbird Foods, a manufacturer of frozen vegan pizzas and wings, seitan and dairy-free cheese, according to a Just Food report. This is Ahimsa’s third acquisition since its founding last year with the purpose of backing and expanding plant-based food business operating in the US. The acquisition will reportedly allow Blackbird Foods to expand its business, enhance its manufacturing capabilities and accelerate product innovation. “Ahimsa …
Lactalis, the French dairy giant, has announced the acquisition of Uruguay-based dairy company Granja Pocha, according to Just Food and Todo Lecheria reports. Post-acquisition, Lactalis’s facilities in Cardona will assist Granja Pocha with whey drying and surplus milk processing. Lactalis will also now process 120 million litres of milk annually in Uruguay, with two factories and two distribution centres. Founded in 1980 by Edgardo Villanueva, Granja Pocha started by processing milk …
Valio, the Finnish dairy company, has announced that it is acquiring the plant protein business of food business Raisio. The deal, valued at €7 million ($7.28 million), includes production equipment at Raisio’s plant protein factory in Kauhava, Finland, as well as the Harkis and Beanit brands. Commenting on the deal, Valio senior vice president Kimmo Luoma said: “This business acquisition will make us an even more significant developer and producer …
Wine and spirits multinational Pernod Ricard has announced it has acquired Inverroche, a “luxury” gin brand hailing from South Africa, with distribution in 25 countries. In a press release, the company said it had concluded the acquisition of the shares it did not already own on 6th February. Commenting on the move, Sola Oke, managing director of Pernod Ricard Africa, said: “Africa is a market with great potential for Pernod Ricard. Our …
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of personal care brand Velvette. Founded in 1980 as a brand of Sujatha Biotech, the Velvette brand is described as being the first to introduce PVC shampoo sachets. The brand’s manufacturing unit is in Kashipur, Uttarakhand. Commenting on the move, RCPL COO Ketan Mody said: “We are thrilled to welcome Velvette into the Reliance family. …
Reina Group, the Spanish retail and foodservice conglomerate has announced the acquisition of sandwich-maker Vital Healthy Food for an undisclosed sum. Founded in 1993 and headquartered in Manzanares, Ciudad Real, Vital Healthy Food offers filled brioche and empanadas in addition to its core sandwich range According to sources, the acquisition is intended to allow Reina to opening new avenues of business, enabling it to grow both national and internationally. “The acquisition of Vital …
Bajaj Consumer Care, a leading Indian hair care manufacturer, has announced the acquisition of Vishal Personal Care, which operates under the Banjara’s hair and skincare brand, for 108.3 crore INR ($13 million). Founded in 1991 in Hyderabad, Banjara is known for its natural solutions with a product portfolio that includes facial kits, herbal powders, and shampoos and a retail presence in 70,000 cosmetics stores, supermarkets, pharmacies and other grocery chains across five …
Aldi, the German retail giant, has announced the sale of 170 Winn-Dixie And Harveys supermarket stores in the US to C&S Wholesale Grocers, a consortium of private investors. Aldi bought 400 Winn-Dixie And Harveys grocery stores and 170 Winn-Dixie liquor stores in 2023 and plans to convert the remaining 220 Winn-Dixie And Harveys stores to the Aldi format to expand its store footprint in the US. “When we announced our acquisition …
Henkel, the Germany-based personal and household care giant, has announced it has entered into an agreement to sell its Retailer Brands business in North America to an affiliate of First Quality Enterprises, a manufacturer and distributor of hygiene, paper, and packaging products. Henkel said it deemed the Retailer Brands business non-core within the Consumer Brands unit due to restricted opportunities for synergy and its “misalignment” with the integrated Consumer Brands …
Jay&Joy, a French company specialising in plant-based cheese alternatives, has announced it has acquired its peer Les Nouveaux Affineurs, as well as securing a €2 million ($2.1 million) funding round to support the deal. As part of the acquisition, Jay&Joy will take over a production site in Ivry-sur-Seine, doubling its capacity. It will join its existing portfolio of brands, such as Jean-Jacques and Janis, with those of Les Nouveaux Affineurs, including L’Affine d’Albert and La …
ITC, the Indian conglomerate, has announced that it has entered into an agreement to acquire Prasuma, a leading player in frozen, chilled and ready to cook foods, over a period of three years. Prasuma is described as a specialist in Oriental cuisine offering a diverse range of over 170+ products under the Prasuma, Meatigo and Momo Kitchen brands. The Prasuma brand offers frozen products such as baos, Korean fried chicken …
Migros, the leading Swiss retailer, has announced plans to sell its meat alternative brand SoFine to The New Originals Company, a leading European tofu producer. Founded in 1963, SoFine makes tofu and soy-based products and has a manufacturing site in Landgraaf, Netherlands. It specialises in organic, and GMO-free products under the SoFine and ProLaterre brands, as well as producing for private label brands. The company serves Germany, Finland and the Benelux …
US food and beverages manufacturer JM Smucker has announced that it has entered into an agreement to sell its Cloverhill and Big Texas bakery brands, as well as certain private-label products, to ready meals firm JTM Foods for $40 million. As part of the deal, relevant trademarks and licences, the company’s manufacturing facility in Chicago (IL), and approximately 400 employees will transfer with the business. Commenting on the move, Sweet …
UK-based bakery business Dean’s of Huntly has announced the acquisition of shortbread specialist Duncan’s of Deeside for an undisclosed sum, according to report in Just Food and British Baker The deal aims to increase Dean’s of Huntly’s market share in the premium shortbread sector. Commenting on the deal, Dean’s of Huntly managing director Bill Dean said: “By coming together, we are creating a stronger, more innovative business that is better equipped …
Diageo, the UK-based spirits farm, has announced it has sold its 80.4% shareholding in beermaker Guinness Ghana Breweries plc to French wine producer Castel Group. The company said it would retain ownership of the Guinness brand and other Diageo brands, but that these would be licensed to Guinness Ghana Breweries under a new long-term agreement. Diageo will also continue to oversee the brand and marketing strategy for the Guinness brand in …
South African consumer goods firm Tiger Brands has announced plans to sell its minority stake in Empresas Carozzi, a Chilean food and drinks manufacturer, to Carozzi, which already has a 75.61% share in the company. Founded 126 years ago, Empresas Carozzi produces grains, confectionery, sauces, baked goods, beverages, ice cream, and pet food that are sold across Latin America. Tiger Brands first invested in the company in 1999 and increased its …
Global meat firm JBS has announced the acquisition of a 50% stake in egg specialist Mantiqueira, entering a new product category in the process. Mantiqueira currently has facilities in six Brazilian states but its products are available in ten more and also exported. Its brands include Happy Eggs and Fazenda da Toca. Commenting on the deal, JBS global CEO Gilberto Tomazoni said: “This investment is in line with our long-term strategy, which …
Confectionery firm Ferrero has announced that it has entered into an agreement to acquire protein snack company Power Crunch from Bio-Nutritional Research Group. Founded in 1996, Power Crunch offers a variety of protein-enhanced products, including snack bars, whey protein powder, and protein crisps, a newly-launched alternative to crisps. Commenting on the move, Ferrero North America president & chief business officer Michael Lindsey said: “We’re thrilled to welcome Power Crunch to the Ferrero …
Bramble Foods Group, a supplier of branded ambient foods, has announced the acquisition of Whitakers Chocolates, a confectionery firm based in the UK county of North Yorkshire. Founded in 2008 , Bramble Foods manufactures confectionery, traditional cakes, and preserves from headquarters in Market Harborough. Backed by investment firm LDC since 2022, the company’s aim is to continue to grow through strategic acquisitions.# Commenting on the deal, Whitakers Chocolates managing director …
Diageo, the UK alcoholic beverages multinational, has announced it has finalized the sale of the rum brand Cacique to Bardinet, a major Spanish spirits company. Cacique is described as a Venezuelan rum brand with a 65-year heritage that is well-loved in Spain, in addition to its domestic market. Commenting on the sale, John Kennedy, Diageo president, Europe said: “The sale of Cacique reflects Diageo’s strategy of maintaining a sharp focus on effective portfolio …
Hatsun Agro (HAP), a dairy products manufacturer, has announced the acquisition of Indian peer Milk Mantra for 233 crore INR ($27.5 million). Milk Mantra manufactures milk and dairy products under the Milky Moo brand, and has reportedly established a strong presence in the state of Odisha. The company’s turnover for the financial year 2023-24 was 276.42 crore INR ($33.17 million). In a stock exchange filing, HAP said: “The acquisition is …
Hindustan Unilever (HUL), the Indian arm of Anglo-Dutch multinational Unilever, has entered into a definitive agreement to acquire a 90.5% stake in beauty brand Minimalist for 2,955 crore INR ($354.6 million), with plans to acquire the remaining stake in two years. Founded in 2020, Minimalist is described as a rapidly growing digital-first beauty brand offering clinically tested skincare, haircare, and body care products. It has reached an annual revenue run …
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of SIL Foods, a packaged food brand, from hospitality firm Food Service India. SIL Foods, once James Smith & Co, is a leading Indian brand offering jams, mayonnaise, baked beans and more. It was acquired by Marico in 1993, then by Scandic Food India under Denmark’s Good Food Group. In 2021, Food Service …
VE Partners, a Dutch private equity firm, has reached an agreement to acquire all shares of Inproba, the Netherlands-based oriental sauces and spices manufacturer. Founded in 1956 and headquartered in Baarn, Inproba is described as a leading European producer of private label products, known for its chilli sauces, sambal and ketjap, employing approximately 200 people. Commenting on the deal, Inproba managing director Jeroen Leinenga said: “With VE Partners we have …
Edita, described as a leader in the Egyptian snack food market, has agreed to acquire a 49% staked in Tuama Jabur Abbas, a fellow snack food firm based in Iraq, for a total of $8 million USD. The partnership will establish Edita Iraq and also see Edita acquire two production lines for cakes, as well as one for biscuits. Edita said it aimed to leverage its established brand equity through exports, including …
The Nutriment Company (TNC), a Swedish natural pet food firm, has announced the acquisition of The Dog’s Butcher, a UK-based raw dog food brand, marking its first acquisition of 2025. Headquartered in Stockholm and owned by Nordic private equity firm Axcel, TNC supplies pet food, including raw diets, snacks, and supplements, through retail, online platforms and pet shops throughout Europe. Its brands includes AniForte, Barfgold, Carnibest, Dibo, Energique, Leo & Wolf, …
Unilever, the multinational consumer goods giant, has announced plans to sell its Knorr pasta sauce brands Tomato al Gusto and Speciale al Gusto in Germany to Italian food firm Casalasco for an undisclosed sum. Casalasco is described as one of the main global operators in the production and processing of industrial tomatoes, managing the Pomì, Pomito, and De Rica brands and with a supply chain that includes 800 agricultural companies, …
Safety Shot, a wellness and dietary supplement company, has announced that it has entered into an agreement to acquire Yerbae Brands, a plant-based energy drink firm. Founded in 2017, Yerbae Brands offers plant-based energy drinks based on yerba mate that are claimed to be zero calorie, zero sugar, non-GMO, vegan, kosher, keto-friendly, paleo-approved, gluten-free, and diabetic-friendly. Commenting on the deal, Safety Shot chairman John Gulyas said: “We believe that this …
Midas Foods, a sauces and seasonings maker, has announced the acquisition of JM Exotic Foods, a leader in spices, seasonings, and specialty foods. The company said the acquisition aligned with its strategy to establish a national manufacturing footprint and broaden its offerings to include retail packaging, shaker bottles, and more. JM Exotic Foods’ brand range includes Sure Shot Sid’s seasonings and marinades and the Caribbean-themed Mojo Mama line. “This acquisition not only …
Flower Foods, a US producer and marketer of packed bakery food, has announced the acquisition of Simple Mills, a bakery and snacks firm, for $795 million in cash. Founded in 2012, Simple Mills is a provider of health-oriented crackers, biscuits, cakes, snacks bars and baking mixes with operation in Chicago(IL) and Mill Valley (CA). After the transaction, Simple Mills will remain an independent subsidiary of Flowers Foods, led by founder and …
TreeHouse Foods, a leading manufacturer and distributor of private-label foods and beverages, has announced it has completed its acquisition of Harris Tea for $205 million. The acquisition includes Harris Tea’s manufacturing facilities in Moorestown, New Jersey, and Marietta, Georgia, along with approximately 300 employees. Commenting on the deal, TreeHouse Foods chairman, CEO and president Steve Oakland said: “The acquisition of Harris Tea is a good use of our balance sheet strength, …
Wellful, a supplements and weight-management business and a Kainos Capital portfolio company, has announced the acquisition of supplements firm Ancient Nutrition from equity funds VMG Partners and Hillhouse Investment. Founded in 2016, Ancient Nutrition has a product portfolio that includes protein and gut health supplements, vitamins & multivitamins, herbs, mushrooms, and greens. It is described as the fastest-growing vitamin, mineral, and supplement (VMS) category brand and the largest collagen brand within …
Woolworths, the Australian supermarket chain, has filed for clearance with New Zealand’s Commerce Commission to acquire Beak & Johnston subsidiaries Beak & Johnston NZ Pty Ltd (BJNZ), B&J City Kitchen Pty Ltd (BJCK) and Alors. Beak & Johnston is a manufacturer of chilled and frozen ready meals, soups and meat which are sold under brands such as Pitango, Ready Chef and Beak & Sons. BJCK and Alors do not operate in …
Mayfair, a UK investment company, has acquired Irish bakery brands Pat the Baker and Irish Pride, according to a report in Just Food. The agreement was said to have been concluded through Ceres, Mayfai’sr holding company for its baked business, for an undisclosed fee. The two brands were previously owned by a company known as Azeda Unlimited. Pat the Baker and Irish Pride will join the Ceres portfolio alongside other major Irish bakery …
Honest to Goodness, an Australian health food manufacturer, has announced the acquisition of the Pimp My Salad and Pimp My Snack snacking brands from Komarov Food. Pimp My Snack offers health-oriented sweet and savoury snacks that are described as slow baked for a light and crunchy texture. Founded in Byron Bay, Pimp My Salad markets snacks, salad toppers, and vegan mayonnaise. Commenting on the move, Honest to Goodness company founder and managing …
Dutch retail conglomerate Ahold Delhaize has announced that it has completed the acquisition of Romanian supermarket Profi Rom Food (Profi) from private equity fund MidEuropa for €1.3 billion ($1.35 billion). The acquisition significantly expands Ahold Delhaize’s footprint in Romania, where the company operates nearly 1,000 stores under the Mega Image banner. Profi has a network of 1,700 supermarkets and convenience stores, and reported net sales of €2.7 billion ($2.81 billion) for the year ending June 2024. Commenting …
Adani Enterprises Limited (AEL). a holding company of the Adani conglomerate, has announced that it has entered into an agreement to sell its 44% stake in Adani Wilmar, an Indian FMCG joint venture, to Wilmar subsidiary Lence through Adani Commodities LLP, a wholly-owned subsidiary of AEL. Adani Wilmar, co-founded by AEL and Wilmar International in 1999, is India’s largest edible oils and food company. It operates 24 factories, achieves 100% …
Ziyad Brothers, a provider of Middle Eastern and Mediterranean products and a portfolio company of Peak Rock Capital, has acquired Indo-European Foods (IEF), a US-based ethnic food business, from equity fund Corridor Capital for an undisclosed sum. Founded in 1966, IEF is described as a leading importer and distributor of specialty ethnic foods, offering a diverse portfolio of products, including Zergut spreads, Mediterranean grains, Eastern European cheeses, and private-label items, distributed across …
Coca-Cola, the soft drinks multinational, has announced it has entered into an agreement to acquire Billson’s, an Australia-based brand of flavoured alcohol beverages (FABs). The Billson’s product range includes “local market leaders” Vodka with Tangle, Vodka with Grape Burst and Vodka with Portello, the company said in a statement. “We are excited to add Billson’s to our portfolio of Australian brands,” commented Matthias Blume, Coca‑Cola vice president of ,arketing, ASEAN and South …
Unilever, the multinational consumer goods giant, has announced that it has received a binding offer from Dutch food company Zwanenberg Food Group to acquire the soup and meat brands Unox and Zwan for an undisclosed sum. Launched in 1928 and 1937 respectively, the Zwan and Unox brands have been part of Unilever’s portfolio for nearly a century. In a statement, the company said it plans to sharpen its foods portfolio, …
Finland-based food company Paulig has announced that it is acquiring Asian foods brand Conimex from consumer goods giant Unilever to strengthen its presence in the Netherlands. Founded in 1932, Conimex is said to have a 100-strong product range that includes meal makers, prawn crackers, soups, sauces and seasonings, and 87% brand awareness domestically. Commenting on the move, Paulig CEO Rolf Ladau said: “We aim to shape a popular food culture, …
Dutch dairy multinational FrieslandCampina and Belgian dairy cooperative Milcobel have announced their intention to merge with the aim of creating a leading dairy cooperative and company spanning the Benelux region. 2023 figures (excluding Milcobel’s Ysco business, which is in the process of being divested) suggest the combined organisation would achieve €14 billion ($14.56 billion) in pro forma revenue, operate across 30 countries, employ nearly 22,000 staff, and process 10 billion …
Paine Schwartz Partners, a private equity firm, has announced the acquisition of Promix, a nutrition and supplements business, Founded in 2014, Promix is known for producing a range of ‘clean’ nutritional products, including supplements, vitamins, meal replacements, and snacks, with a claim of ‘nothing artificial’. The company’s product range, including prebiotics, protein powders, bars, electrolytes, collagen, and creatine, are sold via the direct to consumer channel, as well e-commerce and …
Belgian cheese businesses Vache Bleue and Flanders Food Production (FFP) have announced they are to merge to form European Dairy Company, a new dairy powerhouse with a combined turnover of €500 million ($525 million). Founded in 1927, Vache Bleue specialises in private label and freshly packed cheeses. The company operates three production sites in Belgium, France, and Germany, with a brand portfolio that includes Vache Bleue, Dilea Zero Lactose, and …
Furlani Foods, a leading US producer of garlic breads, has announced the acquisition of its domestic peer Cole’s Quality Foods. Founded in 1943, Cole’s Quality Foods is described as having “brought” frozen garlic bread to North America and offers products such as Texas toast and breadsticks. The company operates production facilities in Muskegon (MI), and North Liberty (IA), and sells its branded products through major US retailers. Commenting on the …
Nestle, the Swiss consumer goods giant, has announced the sale of its New Zealand based Egmont Honey brand to Huatai International, a Beijing-based private equity fund, after two years of ownership. Founded in 2008, Egmont Honey specialises in manuka honey and sustainable beekeeping practices, exporting its products to more than 20 countries. The move is described as being part of a wider strategy to streamline Nestle’s portfolio, as well aligning …
Surya Foods, the leading UK world foods importer and supplier, has announced the acquisition of a majority stake in Karma Bites, a health snack brand. Karma Bites makes popped lotus seed snacks in Himalayan Pink Salt, Peri-Peri, Wasabi, Caramel, and Coconut & Vanilla flavours, white the range described as vegan, gluten-free, non-GMO, and free of refined sugars. Commenting on the deal, Surya Foods group chief executive officer Harry Dulai said: …
SHS Group, the diversified consumer goods supplier, has announced the acquisition of Shandy Shack, a brand of “mid-strength” abv beer that specialises in flavoured products. Prior to the acquisition, the two companies had collaborated to create a raspberry lager using Bottlegreen cordial. Shandy Shack will join the existing SHS portfolio including brands such as Shloer, Bottlegreen, Rocks and WKD. Andy Morris-Jinks, managing director of SHS Drinks, said: “We are excited …
Leading alcoholic drinks company Constellation Brands has announced it has agreed to sell its Svedka vodka brand to peer Sazerac, with the deal expected to be completed in the next few months. Commenting on the move, Constellation Brands said its aim was to prioritise growing market sectors, with a focus on premium wine and craft spirits. “The actions we have taken over the past several years to reshape our wine …
Supreme plc, the diversified consumer goods supplier, has announced the acquisition of the Typhoo tea brand from administration in a £10.2 million ($12.95 million) deal. Founded in 1903, Typhoo was the UK’s first pre-packaged tea brand but succumbed to administration in November as a result of falling sales and rising debts. As part of the acquisition, Supreme plc will acquire brands includeing QT, Lift, Herbalists, Heath & Heather, London Fruit …
Prime Drink Group, a Canadian company that markets beer and spirits brands, has announced it has signed a letter of intent to acquire all the issued and outstanding common shares of Prime Capital Investments Inc, the Quebec-based company that owns the Beach Day Every Day malt beverage brand. Beach Day Every Day is a canned flavoured alcoholic beverage (FAB) with natural flavours and 5% alcohol by volume, available in Peach and …
South African consumer goods firm Tiger Brands has announced the sale of its Baby Wellbeing business in a deal valued at 605 million ZAR ($33.4 million), according to a Reuters report. The Baby Wellbeing business comprises baby toiletries under the Elizabeth Anne’s brand name and medicinal products including antacid Muthi Wenyoni, Telament colic drops, and skin cream Antipeol. The buyer, which is said to be one of the South African’s …
US food giant General Mills has announced that it has reached an agreement to acquire the Tiki Pets and Cloud Star food brands, part of investment firm’s NXMH’s Whitebridge Pet Brands business, for $1.45 billion. As part of the transaction, General Mills will take over two manufacturing facilities in Joplin (MO), while NXMH will retain the Whitebridge Pet Brands business and brands in Europe. Commenting on the deal, General Mills …
FMCG giant PepsiCo has reached an agreement to acquire the remaining 50% of Safra and Obela and take full ownership of both companies. PepsiCo said the move would allow it to accelerate innovation in fresh dips and spreads to meet growing consumer demand. Created between 2008 and 2012, Sabra and Obela are 50/50 joint ventures between PepsiCo and Strass Group to manufacture, distribute and sell refrigerated dips and spreads. Obela …
Nestle, the Swiss consumer goods giant, has announce plans to spin-off its water and premium beverages business from 1st January 2025. “As part of the action plan to drive operational performance and unlock potential, Nestlé’s water and premium beverages activities will become a global standalone business under the leadership of Muriel Lienau, Head of Nestlé Waters Europe, as of January 1, 2025”, the company said in a statement. “This will …
Lolli & Pops, a portfolio company of private equity firm TerraMar Capital, has announced the acquisition of US-based confectionery producer Hammond’s Candies for an undisclosed sum. Founded in 1920, Hammond’s manufactures handcrafted candy canes, lollipops, and other classic sweet treats. Lolli & Pops is a leading retailer of chocolates and other unique sweets from around the world. Commenting on the move, Lolli & Pops CEO Keri Morris said: “Hammonds’ dedication …
Arnott’s, the Australian biscuit and cracker firm, has announced the acquisition of New Zealand food brands Mother Earth, Flemings, and VP Brands from Prolife Foods to expand its snacking portfolio. Mother Earth is described as a brand of muesli bars and baked slices with a growing presence in Australia. Flemings and VP offer bars, nuts and snack mixes in the New Zealand market. Commenting on the move, Arnott’s Group MD …
Samworth Brothers, a leading UK supplier of chilled and ambient foods, is seeking a buyer for its Soreen cakes business, according to reports in Grocery Gazette and The Grocer. Founded in Manchester in the 1930s, Soreen is especially known for its flagship malt loaf, which is marketed as a low fat option with 43% sugar than the average. More recently, the Soreen portfolio has expanded to include banana and toffee loaves, …
Agro Tech Foods (ATFL), a confectionery and snacks firm backed by private equity firm Samara Capital, has announced it has entered into an agreement to acquire Del Monte Foods in a 1,300 crore INR ($156 million) share swap deal with Bharti Enterprises and Del Monte Pacific. Following the acquisition, Del Monte Foods will become a wholly owned subsidiary of Agro Tech. Bharti Enterprises will hold a 21% stake, with Agro …
Lakeview Farms, a leading manufacturer of dips, desserts, and specialty products, has announced the acquisition of the Noosa yoghurt brand from Campbell Soup. Noosa is a manufacturer of premium-positionined, “Aussie-style” cheesecake bites and yoghurt ice cream that are claimed to be known for their rich, creamy texture and unique flavours. “We are excited to welcome the noosa yoghurt brand and team to the Lakeview Farms family”, commented Lakeview Farms CEO …
Kepak, the Irish supplier of foodservice solutions and ready-for-market convenience foods. has announced the acquisition of Summit Foods, a UK-based specialist in frozen and chilled foods. Kepak is a leading meat producer with 15 plants across Ireland and the UK, serving brands including Rustlers, Big Al’s, Celtic Beef, McIntosh Donald, Watergrass Hill, Black Angus, and Hereford Beef. Commenting on the deal, Kepak Foods CEO Brian Farrell said: “This acquisition aligns …
US confectionery firm Hershey has announced the expansion of its portfolio with the acquisition of Sour Strips, a brand of sour sweets founded in 2019. Sour Strips is claimed to make sweets with intense flavours and creative branding, and is marketed with the tagline “sour candy that doesn’t suck”. Commenting on the deal, Hershey president of US confection Mike Del Pozzo said: “The acquisition of Sour Strips expands Hershey’s offerings …
Kerry Group, the Irish dairy business, has entered into an agreement with Kerry Co-Operative Creameries to sell Kerry Dairy Holding (Ireland) for €500 million ($530 million). The deal supports Kerry Group’s desire to become a “pure play taste and nutrition company”. Kerry Dairy Ireland includes Dairy Consumer Products, a business that makes cheese, cheese snacks, dairy spreads, and related products sold in the UK and Ireland, and and Dairy Ingredients, …
Intersnack, the European snacks multinational, has announced it has acquired organic and plant- based food manufacturer Whole Earth Foods from health foods firm Ecotone. Under Ecotone, the Whole Earth Foods brand has reportedly been expanding for the past 20 years in the nut butters and soft drink categories, making it one of the UK top peanut butter brands. Its organic peanut butter is also popular in countries such as Germany, …
Molson Coors, the US brewer, has announced it has taken a majority stake in Zoa Energy, an energy drink brand whose co-founders include Dwayne Johnson. The deal is intended to increase distribution and awareness of the Zoa energy drink brand, as well as enabling its integration into the wider Molson Coors portfolio. The partnership first began three years ago, and Zoa is reportedly now available in over 25,000 retail locations. …
Multinational bakery firm Grupo Bimbo has announced that it has entered into an agreement to acquire Slovenian-based bakery group Don Don. Founded in 1994, Don Don is a leading baking brand in southeast Europe, offering sliced bread, rolls and cakes under the Tvojih 5 Minut and Pekarna Grosuplje brands. By acquiring Don Don, Grupo Bimbo will expand its footprint to 39 countries, enabling growth in Serbia, Bosnia, Bulgaria, Romania and …
1440 Foods, a leading sports and active nutrition business, has announced the acquisition of Fitcrunch, a protein snack firm, from celebrity chef Robert Irvine, Union Capital Associates and its founders. Founded in 2012 by Bakery Barn and Robert Irvine, Fitcrunch is known for high-protein foods like bars, wafers, and powders, with its bars providing up to 30g of protein per serving. 1440 Food’s portfolio, including Pure Protein, MET-Rx, and Body …
Cheese processor Schuman Cheese has announced the acquisition of the Trugman-Nash business from dairy firm Allied Dairy to expand its cheese portfolio. The acquisition includes ownership of Old Croc, a US leader in Australian cheddar, and US distribution rights for Organic Herd British cheddar from the Organic Milk Suppliers Co-operative. Old Croc’s range includes cheddar chunks, bites, slices, and spreads, made with grass-fed cow’s milk. Commenting on the acquisition, Schuman …
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Ghost Lifestyle and Ghost Beverages (collectively “Ghost”) for $990 million. Founded in 2016, Ghost is a brand of sports nutrition products, energy drinks, dietary supplements, and apparel, anchored by its flagship energy drink brand Ghost Energy. Commenting on the move, KDP chief executive officer Tim Cofer said: “GHOST is …
US-based food and beverage company JM Smucker has announced that the company is selling its Voortman biscuit brand to Second Nature Brands, a US manufacturer of snacks and treats controlled by CapVest Partners LLP. In a press release, JM Sumcker said the decision to offload Voortman would enable it to reallocate resources to its “core growth brands”. The Voortman brand was among a number that JM Smucker acquired as part …
Belgian brewery Brouwerij Martens has announced the acquisition of United Dutch Breweries (UDB), a Netherlands-based brewing company, from European investment company Gimv. Offering “affordable premium import brands”, UDB is known in particular for lagers such as Oranjeboom and Royal Dutch, as well as the malt drink 3 Horses. Commenting on the move, Brouwerij Martens CEO Danny Dresselaerts said: “We are very proud to have been able to realize this transaction …
Heineken, the Dutch beermaker, has acquired Komari Beverage, an Ethiopian alcoholic drinks firm, according to a report in Capital Ethiopia. According to sources, oamari Beverage produces hard seltzers under the Arada brand, and was first launched to market in 2021. It reportedly claims to be the only manufacturer of hard seltzers in Ethiopia and has a production capacity of 27,000 bottles per hour. Commenting on the deal, Komari Beverage chief …
Private-equity investor Ahimsa has announced the acquisition of Simulate, the owner of US plant-based meat alternative brand Nuggs. Available since 2019, Nuggs established a presence in over 5,000 retail locations, including Walmart, Target, and Whole Foods Market. Commenting on the acquisition, Simulate co-founder and CEO Sam Terris said: “We were looking for a partner that balances pragmatism and optimism — a group that could help get alt protein economics to …
Acqua Sant’Anna, the Italian mineral water firm, has announced the acquisition of French counterpart La Compagnie des Pyrenees (LCDP), owner of the Eau Neuve brand, for €50 million ($54.5 million). Founded in 1996, Acqua Sant’Anna holds a 13.4% share of the mineral water market in Italy and reported turnover of €320 million ($348.8 million) in 2023. Commenting on the move, Acqua Sant’Anna founder, president and CEO Alberto Bertone said: “It …
Sanitarium, a health food company, has submitted a formal offer to acquire the Vita Brits breakfast cereal brand from food manufacturing giant Nestle. Founded in 1898, Sanitarium produces brands such as Up & Go, So Good, Plantwell, Vegie Delights, and PB Nutrition brands, Vita Brits, which the company already produces for Nestle under a toll manufacturing agreement, is similar to Sanitarium’s own Weet-Bix biscuit-type breakfast cereal. The brand is part …
US based dairy firm Prairie Farms Dairy has announced the acquisition of domestic peer SmithFoods. According to sources, the deal is part of Prairie Farms Dairy’s strategy to diversify its product portfolio and expand its market reach. Ohio-based SmithFoods was founded in 1909 and produces dairy based products such as milk, sour cream, cottage cheese, ice cream and custard mixes. Matt McClelland, CEO and EVP of Prairie Farms Dairy, said: …
Spanish food and beverage producer Angel Camacho has announced the acquisition of Macarico, a Portuguese firm that manufactures sauces and antipasti. In a press release, Angel Camacho said the deal was part of the firm’s “satisfied customer and consumer” plan, in which Portugal and Brazil are considered strategic markets. Founded in 1930, Macarico is a family business with two factories located near Aveiro. Its portfolio includes pickled vegetables, olives oil, …
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Garza Food Ventures LLC, trading as Siete Foods, a Mexican-American foods company. In a press release, PepsiCo said the $1.2 billion deal would complement the firm’s portfolio with an authentic Mexican-American brand as well as adding a variety of better-for-you products. Founded in 2014, Siete Foods manufactures “heritage-inspired” products including tortillas, salsas, seasonings, sauces, …
The Original Juice Company (OJC), an Australian-based business that sells chilled fruit and vegetable juices, has announced plans to acquire SPC Global (SPC) and the powdered milk business Nature One Dairy to create a leading food and beverage company. As part of the transaction, OJC will issue 133 million shares to SPC shareholders, while Nature One Dairy shareholders will get 29 million shares and up to A$6 million ($4 million) …
Saudi Arabia based dairy firm Almarai has announced the acquisition of Hammoudeh Food Industries, the food and beverage business of Jordanian conglomerate Hammoudeh, for 263 million SAR ($70.1 million). Founded in the 1960s in Amman, Hammoudeh Food Industries serves as the food and beverage manufacturing division of the Hammoudeh conglomerate, which is also involved in agri-business and chemicals. The company offers a variety of products, including dairy, juices, poultry and …
Natra, a vertically-integrated cocoa and chocolate manufacturer, has announced the acquisition of Gudrun, a Belgian chocolate and truffle producer, from Down2Earth Capital. Founded in 1942, Gudrun is a manufacturer of premium chocolates for international retailers in multiple markets. It has a manufacturing base in Lier, Belgium, and a distribution centre in Poland. Commenting on the move, Natra CEO Armando Santacesaria said: “Gudrun is a fantastic business and this highly complementary …
Japan Tobacco (JT), the leading tobacco company, has announced it has completed the acquisition of Vector Group (VGR), the fourth largest tobacco company in the United States, after a tender offer initiated in August. Vector Group is a holding company for Liggett Group LLC, Vector Tobacco LLC and New Valley LLC. Founded in 1873, Liggett Group is the operating successor to Liggett & Myers Tobacco Company and has a brand portfolio that includes Eve, Grand Prix, Pyramid, …
Nissin Foods, an instant noodle manufacturer, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Australian frozen dumpling manufacturer ABC Pastry for A$33.7 million ($23.12 million). Founded in 1998, ABC Pastry is a leading manufacturer of frozen dumplings in Australia, offering products under its own brand as well as various third-party brands. Commenting on the acquisition, Nissin Foods executive director, chairman …
Diageo, the leading alcoholic drinks firm, has announced the acquisition of spirit alternative business Ritual Zero Proof to strengthen its non-alcoholic spirits portfolio. Launched in 2019, Ritual Zero Proof is a non-alcoholic spirit brand offering alternatives to whiskey, tequila, gin, rum, and aperitifs. Diageo acquired a minority stake in Ritual Zero Proof via its accelerator Distill Ventures in January 2020. In a statement, Diageo argued it was well positioned to …
FMCG giant Danone has made a non-binding offer to acquire Lifeway Foods, a manufacturer of kefir and probiotic products, for $283 million ($25 per share). Lifeway Foods is a leading provider of kefir drinks and desserts, with distribution in the United States, Mexico, Ireland, South Africa and France. Danone, which already holds 23.4% of Lifeway’s common stock, said the proposal aligned with its wider strategy to enhance its portfolio within …
Leading Australian dairy firm Beston Global Food has entered voluntary administration after failing to find a buyer, according to a report in Convenience & Impulse Retailing. The Beston Global Food product range includes cheese, soft dairy and dairy powders, as well as non-dairy products such as bottled water. According to sources, administrators were called in after a proposal by Megmilk Snow Brands to acquire Beston Global Foods’ production facility in …
Swiss-based baby food, snack bar and spreads firm Hero has announced the acquisition of British plant-based food brand Deliciously Ella for an undisclosed amount. Founded in 2016, Deliciously Ella offers crackers, snack bars, ready meals, biscuits, chocolate, dressings, spreads, pasta, kombucha and other products, available at leading grocery retailers Hero said the acquisition would allow it to strengthen its position in the UK snack market, where it is already present …
Nestle, the Swiss consumer goods giant, has announced plans to sell its Cremora business to the South African subsidiary of French dairy giant Lactalis, as part of a strategic realignment of its operations. Cremora is a creamer brand produced in Babelegi and Potchefstroom, South Africa, as well as in Harare, Zimbabwe. Lactalis will acquire both South African sites, while production of Cremora at Harare will cease, with the plant shifting …
US food giant General Mills has entered into an agreement to sell its North American yoghurt business to leading French dairy companies Lactalis and Sodiaal for $2.1 billion. Lactalis will acquire the US division, while Sodiaal will acquire the Canadian division. The deal includes brands such as Yoplait, Liberte, Go-Gurt, Oui, Mountain High and Ratio, and production facilities in Murfreesboro (TN), Reed City (MI), and Saint-Hyacinthe, in Canada’s Quebec province. …
Unilever Ventures, the venture capital arm of consumer goods giant Unilever, has led a $5 million funding round in US-based creatine supplement firm Create Wellness. Founded in 2022, Create Wellness makes supplement gummies that are claimed to improve strength and cognition and facilitate muscle recovery. The company reportedly plans to use the funding to increase headcount, conduct research and expand distribution. Commenting on the move, Create Wellness CEO Dan McCormick …
US egg producer Cal-Maine Foods has announced it has made a strategic investment in Crepini, establishing a new egg and prepared foods joint venture. Crepini produces egg wraps, protein pancakes, crepes and wraps that are retailed in over 3,500 stores in the US and Mexico. Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in cash to purchase equipment and other assets and fund working capital in exchange for a …
Kellanova, the leading US cereal and snacks firm, has announced that it has reached an agreement to sell its majority stake in Egyptian biscuit producer Bisco-Misr to Hayel Saeed Anam Group (HSA Group), a diversified business conglomerate. Founded in 1957, Bisco Misr is the leading packaged biscuit company in Egypt, with manufacturing facilities in Cairo and Alexandria. Its brands include Bisco Tea, Nice, Maamoul, Marie, Bisco Wafers and Seasonal Kahk. …
Valeo Foods, the Irish food firm, has announced the acquisition of IDC Holding, an independent producer of wafers, biscuits, and confectionery in Central and Eastern Europe, for an undisclosed sum. The acquisition is said to include the CandyPlus operation in the Czech Republic, the Balconi business in Italy, and the Schluckwerder business in Germany, which together employ around 1,150 staff. The company’s 2023 net sales were nearly €200 million. Commenting …
Hain Celestial, the natural foods firm, has announced that it has completed the sale of its ParmCrisps brand to Our Home, a US-based snack company. Founded in 2017, ParmCrisps is known for its high-protein, low-carbohydrate cheese crisps and snack mixes. Commenting on the move, Hain Celestial group president and CEO Wendy Davidson said: “By divesting ParmCrisps, we can continue to prioritize driving market reach and category scale of our core …
Mexico-based multinational bakery firm Grupo Bimbo has reached an agreement to acquire its Brazilian peer Wickbold for an undisclosed sum. This acquisition includes the Wickbold and Seven Boys brands, which offer packaged bread and sweet baked goods such as biscuits, bisnaguinhas (a brioche-style sweet bread), and panettones, along with four manufacturing facilities located in the south of Brazil. Commenting on the move, Grupo Bimbo CEO Rafael Pamias said: “We will …
Campbell Soup, a US producer of canned soups and other foods, has announced that it has sold its Pop Secret popcorn business to Our Home, a US-based snack company. The existing Our Home portfolio includes brands such as Food Should Taste Good, Popchips, Real Food From The Ground Up, You Need Yhis, RW Garcia, Good Health and Sonoma Creamery. The Pop Secret business generated net sales of approximately $120 million …
Mount Franklin Foods, a leading manufacturer of branded, contract and private label confectionery, nuts and foodservice products, has announced the acquisition of Pennsylvania-based Stuffed Puffs, a maker of filled marshmallows, for an undisclosed amount. Founded in 2019, Stuffed Puffs is known for a proprietary technology that allows it to create marshmallows filled with milk chocolate and other ingredients. The Mount Franklin Foods portfolio includes gummies, jellies, mints, fruit snacks, and …
Bikaji, an Indian snack food company, has announced the acquisition of a 55% equity stake in Ariba Foods, a diversified food company based in Ujjain, Madhya Pradesh, for 60.49 million INR ($7.2 million). Ariba manufactures snacks, savouries and frozen foods like samosas, flatbreads and sweets under the InDine brand, with a presence in India as well as export markets including the USA, Canada, UK, Australia, New Zealand and Singapore. As …
Saco Foods, a US manufacturer of shelf-stable products and a portfolio company of Fengate Private Equity and Weathervane Investment Corp, has announced the acquisition of Quinoa Corporation and its brands Ancient Harvest and Pamela’s from Encore Consumer Capital. Founded in 1983, Ancient Harvest is known for bringing quinoa to the US market and also makes plant-based products such as gluten-free pasta and polenta. The Pamela’s portfolio meanwhile includes gluten-free pancake …
Euricom, a world leader in the rice sector, has announced a binding agreement to acquire the entire share capital of Sonko, a Polish snacks company, from Oshee Polska. Founded in 1989, Sonko has a portfolio that includes rice cakes, chickpea chips and chocolate crispbreads, as well as a range of rices and groats. It has a workforce of 300 and two production facilities. Euricom said it intended to further invest …
Wine and spirits group KWV has announced the acquisition of Red Heart Rum from spirits major Pernod Ricard for an undisclosed sum. This acquisition marks KWV’s entry into the rum category, diversifying a spirits portfolio that already features Cruxland Gin, Wild Africa Cream and Ponchos Tequila. Commenting on the acquisition, KWV CEO John Loomes said: “We are thrilled about the addition of Red Heart Rum to our portfolio. This acquisition …
Forbidden Foods, a health & wellness focused food company, has announced that it has reached an agreement to acquire Oat Milk Goodness (OMG), a leading Australian plant-based non-dairy milk company, for A$3.4 million ($2.25 million). Founded in 2019, OMG’s portfolio includes barista and chocolate oat milks, as well as a chocolate oat milk with faba bean and pea protein, and is retailed at Woolworths, Ampol Foodary locations, health stores and …
Mars, the leading food multinational, has signed an agreement to acquire Kellanova, the breakfast foods and snacks major, in a deal valued at $35.9 billion. Kellanova’s portfolio includes snack brands such as Pringles, Cheez-It, Pop-Tarts, Rice Krispies Treats, NutriGrain, and RXBAR, and other food brands including Kellogg’s, Eggo, and MorningStar Farms. The company had 2023 net sales of more than $13 billion, and has a presence in 180 markets as …
Treasury Wine Estates (TWE), the Australian wine giant, has announced plans to divest its commercial brand portfolio, including Wolf Blass, Lindeman’s, Yellowglen and Blossom Hill. The decision is part of TWE’s ongoing restructure prioritising the Premium Brands Division, which features wines priced between A$10 ($6.60) and A$30 ($19.80). In a statement, TWE said: “Following the latest review of the carrying value of the Group’s assets as part of its annual …
The UK arm of Spanish food manufacturer Cerealto has announced the acquisition of Hill Biscuits from LDC, a private equity firm. Founded in 1855, Hill Biscuits is defined as one of the largest and longest established biscuit manufacturers in the UK. LDC partnered with Hill Biscuits in 2017 to support growth by investing in technology, efficiency, and capacity. During the seven-year partnership, Hill Biscuits doubled its revenue to £40 million …
FMCG major Emami has announced that it will acquire an additional 49.6% stake in men’s grooming brand The Man Company, taking full ownership for $72.8 million. The Man Company offers premium grooming essentials and fragrances including beard products, skincare and haircare products, deodorants, and perfumes, sold through e-commerce platforms and major retail chains. This acquisition will mark Emami’s first full ownership of a direct-to-consumer brand. Initially, Emami acquired a 33.09% …
Italian food group Newlat has announced the acquisition of the entire share capital of Princes, the diversified UK food and drinks company. The acquisition, valued at £700 million ($896 million), encompasses all current operations and brands of Princes, which will function as a subsidiary under the newly formed New Princes Group. New Princes Group will double its product category to over 30 brands, with a turnover of €42.8 billion ($46.74 billion), a …
CTH Invest, a Belgian holding company associated with Ferrero, has announced the acquisition of Nonni’s Bakery from Vestar Capital Partners, a leading US middle-market private equity firm. Founded in 1869, Nonni’s Bakery is described as a manufacturer of premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. Its portfolio includes brands such as Nonni’s THINaddictives, Nonni’s Bites, La Dolce Vita, and Nonni’s …
GoodLife Foods, a manufacturer of frozen vegetables, has announced that it has entered into an agreement to acquire Pure Ingredients, a leading German manufacturer of halal frozen foods. Pure Ingredients offers branded and private label products and specialises in halal frozen snacks and meal components. The company employs over 200 people across its three production facilities in the Netherlands and Germany. Commenting on the acquisition, GoodLife Foods CEO Dirk Van de …
Fresh Hemp Foods, owner of the Manitoba Harvest brand and a leader in hemp-based foods, has announced the expansion of its wellness foods portfolio with the acquisition of The Humble Seed, a US-based snack brand. Founded in 2022, The Humble Seed is a manufacturer of crackers with “super seeds”, including hemp. The crackers are grain-free, gluten-free, and non-GMO and are retailed through both online and physical stores. In a statement, …
Regal Confections, a leading distributor of global confectionery brands, has announced the acquisition of fellow Canadian sweets brand Mondoux. Founded in 1967 and headquartered in Quebec province, Mondoux owns leading brands such as Sweet Sixteen, Giacomo and Yoma, and has over 200 employees, as well as more than 115,000 sq ft of facilities. Commenting on the acquisition, Mondoux chairman Jean Mondoux said: “We are incredibly proud of the impact our …
Clessidra, an Italian private equity fund, has announced the acquisition of Molino Nicoli, a family-owned manufacturer of baked goods for an undisclosed amount, according to Just Food and Montenapo Daily reports. Founded in 1869, Molino Nicoli produces organic and gluten-free breakfast cereals, baby snacks, and cereal bars under the Vitabella brand for the US and European markets. It also manufactures private-label products including muesli, granola, oat flakes, snack bars, and …
Leading Swiss dairy company Emmi has announced it has entered into a put option agreement for the acquisition of French dessert firm Mademoiselle Desserts for €900 million ($1.02 billion) to expand in the premium desserts category. Founded in 1980, Mademoiselle Desserts is known for its premium patisserie products and dominates the European dessert market with 12 production facilities in France, the UK, the Netherlands and Belgium. Mademoiselle Desserts has also …
Royal A-ware, a Dutch dairy conglomerate, has announced plans to The Dairy Food Group, a Belgian manufacturer of branded and private label dairy products. The acquisition is said to include fresh milk supplier Belgian Milk Company, dairy desserts business Eurodesserts, whipped cream specialist Incopack, rice dessert maker Incorock, and Limelco, a producer of fromage frais and associated dairy products. The deal is part of Royal A-ware’s business strategy to expand …
UK alcoholic beverage multinational Diageo has announced it has agreed to sell its Safari spirits brand to Casa Redondo, a Portuguese alcoholic drinks company, as part of a portfolio review. Safari offers fruit-flavoured liqueurs and is primarily sold in Benelux, Portugal and Turkey. Commenting on the move, Diageo’s president, Europe John Kennedy said: “The sale of Safari reflects Diageo’s commitment to delivering consistent growth and value creation for shareholders. This …
Carlsberg, the multinational brewer, has announced that it has entered into an agreement to acquire UK-based soft drink business Britvic for £3.3 billion ($4.2 billion) to expand its bottling operations across Europe. Britvic is the main partner for PepsiCo in the UK and Ireland with exclusive rights to manufacture, bottle, and sell brands including Pepsi, 7UP, and Lipton. It also owns brands such as Robinsons, Tango, Fruit Shoot, J2O, Aqua …
Spanish beef supplier Grupo Miguel Vergara has announced the acquisition of its domestic peer Valles del from wine and beef specialist El Enebro. Valles del Esla operates an extensive livestock operation in the mountains of the Leon region and markets a range of beef products under its namesake brand. Commenting on the acquisition, company president and owner Miguel Vergara said: “[This acquisition] not only reinforces our capacity and leadership in …
Sumuka Agro, an Indian consumer food brand, has announced that it has received approval from the Bombay Stock Exchange for its merger with Gujjubhai Foods, a manufacturer of packaged snack food items founded in 1974. In a statement, Sumuka Agro said the merger would consolidate business and assets and streamline the operations and networks of both companies, aiming for more efficient resource use. Both Sumuka Agro and Gujjubhai Foods specialise …
Salling Group, Denmark’s largest grocery chain, has announced the acquisition of 35 stores from Coop Denmark. In a press release, the company said the deal included 25 365discount stores, as well as three and five under the Kvickly and SuperBrugsen banners respectively. Anders Hagh, CEO of Salling Group, said: “We are proud of the purchase, which gives us the opportunity to reach even more Danes in areas and at addresses …
Canadian plant-based food supplier Above Food has announced that it has acquired Brotalia, a subsidiary of Enhol that specializes in innovative food technologies. Founded in 2017, Brotalia is described as a manufacturer of plant-based alternatives to chicken, seafood, burgers, and meatballs that markets its products under the Foody’s banner. The company is said to be leading advanced research in dry fermentation technologies that upcycles ingredients and their by-products into high …
Haleon, a consumer healthcare firm, has announced it has entered into an agreement to sell its nicotine replacement therapy business outside of the US to Indian multinational pharmaceutical company Dr Reddy’s for £500 million ($633 million). The portfolio set to be acquired includes the brands Nicotinell, Nicabate, Habitrol, and Thrive, inclusive of all formats such as lozenges, patches and gums, as well as pipeline products across over 30 markets. Commenting …
Ehrmann, a German dairy firm, has announced the acquisition of Trewithen Dairy, a family-owned dairy processor based in Cornwall, as it seeks to boost its presence in the UK market. Following the acquisition, Ehrmann will invest £20 million ($25.4 million) to develop a production facility for its High Protein and Grand Dessert lines. The facility is projected to be operational by 2026. Commenting on the acquisition, Ehrmann SE chairman Christian …
Supreme plc, a diversified consumer goods supplier, has announced the acquisition of trade and assets of Clearly Drinks, a manufacturer of canned and bottled spring water and soft drinks, for £15 million ($19 million). Founded in 1885, Clearly Drinks has a portfolio of still and sparkling spring water, energy drinks, vitamin-infused beverages, juices, coffee-based drinks, and mixers and tonics, marketed under brands like Perfectly Clear, Northumbria Spring, and Revolution Waves. …
Lassonde, a producer of ready-to-drink fruit and vegetable juices and drinks, has announced it has entered into an agreement to acquire Summer Garden Food, a US-based specialty food manufacturer and distributor, for $235 million. Founded in 1946, Summer Garden operates as a wholly owned subsidiary of The Zidian Group, manufacturing, marketing and distributing sauces, marinades, dressings and other shelf-stable products. The company has a portfolio of 250 products, with a …
Idilia Foods, a diversified Spanish food and drinks firm. has announced the acquisition of 50% of dairy drinks maker Cacaolat from beermaker Damm. Founded in 1933 in Barcelona, Cacaolat is known for its namesake brand of chocolate milk, as well as Letona and Laccao, and generated turnover of €82 million ($88.1 million) in 2023. In a statement, Idilia Foods and Damm said the acquisition would allow Cacaolat to combine its …
Kirin, the leading Japanese drinks firm, has announced a ¥220 billion yen ($1.39 billion) tender offer to acquire the remaining shares in personal care firm Fancl, with the aim of making it a wholly-owned subsidiary. Kirin acquired around 33% of Fancl’s shares and established a capital and business alliance in 2019. “By commercializing ingredients created through the natural technology of fermentation, leveraging customer understanding gained from Kirin Holdings’ and FANCL’s …
Leading UK food and drinks supplier Bidcorp has announced it has acquired the trade and assets of ice cream manufacturer Northern Bloc. Operating since 2014, Northern Bloc is described as offering a broad product range including vegan, low sugar and bespoke ice cream Commenting on the acquisition Jim Gouldie, Bidfood UK supply chain and technical services director, said: “We’re delighted to welcome […] the Northern Bloc team to our Bidcorp …
Venus Wafers, a US-based maker of crackers and flatbreads, is to be acquired by investment firm Circumspect Capital, according to a Food Business News report Founded in 1931, Venus Wafers is a manufacturer of organic whole grain crackers and flatbreads under the CaPeachio’s and The Original Mariner Biscuit brands, as well as supplying private label brands. The company’s portfolio includes artisan crackers, original crackers, snack crackers, stoned wheat crackers, water …
Leading European snacking producer Colussi has announced it has reached a deal to acquire a majority stake in German cracker firm Dr. Karg, according to a report in Distribuzione Moderna. Dr. Karg manufactures a range of crispbread and other sweet and savoury snacking products, employing 240 staff at the company’s bakery in Schwabach. It exports its 36-strong product range to 25 countries. Colussi, which has annual revenues of around €409 …
DayDayCook (DDC), a self-proclaimed content-driven consumer food brand, has announced the acquisition of Asian food brand Omsom. Founded in 2020, Omsom is described as a producer of cooking sauces and noodles, with the goal of making Asian cuisine accessible to US households. Commenting on the acquisition, DDC founder Norma Chu said: “Our presence in the U.S. is rapidly growing with the addition of Omsom to our U.S. family of brands, …
UK alcoholic beverage multinational Diageo has announced the sale of its Guinness Nigeria business to the Tolaram Group, a diversified holding company based in Singapore. According to sources, Diageo will sell its 58.02% stake in Guinness Nigeria to the Talaram Group for 81.60 NGN ($0.05) per share, as part of its wider plans to exit the brewing business in Africa. In 2022, the firm sold its brewing business in Cameroon …
Cloetta, a leading northern European confectionery company, has announced a binding agreement to sell its Nutisal roasted nuts brand to Monchy Food, a Dutch producer and distributor of nuts, seeds and dried fruits, as part of its strategy to focus on its core confectionery portfolio. “The divestment is part of Cloetta’s previously communicated plan to continue streamlining the brand and product portfolio to reduce complexity to support the long-term goal …
Nissin Foods, the Japanese instant noodle manufacturer, has announced the acquisition of Korean snack company Gaemi Food for 48,000 million KRW ($35 million). Founded in 1995, Gaemi Food is defined as a manufacturer of crispy roll snacks under the Baked Crispy Roll name and confectionery under the brand Kemy, as well as snacks for infants and children. Commenting on the acquisition, Nissin Foods executive director, chairman and chief executive officer …
Leading European sweets and snacks producer Valeo Foods has announced it has reached a deal to acquire the assets of Dal Colle, an Italian manufacturer of baked goods. With distribution in over 35 countries, Dal Colle is renowned for a 180-strong range of sweet bakery items including croissants and the traditional Italian cakes pandoro and panettone. Commenting on the deal, CEO of Valeo Foods Italy & president of Balconi Spa …
Sabelli, a leading Italian manufacturer of fresh cheeses based in the Marche region, has announced a binding agreement to acquire local cheesemaker Stella Bianca from the Latte Montagna Alto Adige (Mila) dairy cooperative. Founded in 1978, Stella Bianca has an annual turnover of €51 million ($55 million) and a 185-strong workforce. It produces a range of spreadable cheeses made of 100% Italian milk, including an organic line. A spokesperson for …
Melitta, the German coffee and coffee accessories has announced the acquisition of a majority stake in Caturra, a roastery located in the South African city of Cape Town. According to Melitta, Caturra has around 25 employees and has been operating for 30 years, roasting and distributing coffee and serving the South African market in both the retail and out-of-home channels. Matthias Rensch, managing director Melitta Europe – Coffee Division, commented: …
Arcadia Biosciences, the US manufacturer of plant-based consumer products, has announced an agreement to sell the GoodWheat brand to Above Food for $4 million. Launched in 2018, the GoodWheat brand aims to help consumers increase their fibre intake with products such as pasta, pancake mixes and macaroni and cheese meals that are made from patented, non-GMO wheat. Commenting on the transaction, president and CEO of Arcadia Stan Jacot said: “We …
Dessert Holdings, a portfolio company of Bain Capital, has announced the acquisition of cream-based pies Kenny’s Great Pies from private equity firm Kaho Partners. Founded in 1931, Kenny’s Great Pies is described as a producer of cream-based pies and fillings specialising in key lime pie and flavours including mango, coconut cream, peanut butter and chocolate silk. Commenting on the move, Dessert Holdings chief executive officer Paul Lapadat said: “Kenny’s clean …
Next In Natural, a private equity company focused on scaling natural food and drink brands, has announced the acquisition of Sound Brands, a maker of sparkling botanical drinks. Sound Brands is described as a producer of sparkling water made with organic tea, botanicals, and fruit extracts. The company’s products are claimed to be free from sugar, sweeteners, and artificial flavours and preservatives. Commenting on the deal, Sound Brands co-founder Tommy …
Panos Brands, a producer of branded consumer foods, has announced the acquisition of smoked salmon producer The Santa Barbara Smokehouse (SBS). Founded in 2004, SBS markets products under the Cambridge House and Coastal Harbor for both the food service and retail channels. The deal follows Panos Brands’ purchase of salad dressing firm Tessemae’s in January 2024. Commenting on the acquisition, Panos Brands CEO Darcy Zbinovec said: “SBS products are differentiated in …
UK-based consumer healthcare firm Vector Consumer has announced it is strengthening in the supplement space with the acquisition of s Dose & Co from brand developer Zuru Edge. Founded in New Zealand in 2019, Dose & Co. has a portfolio that includes Pure Collagen Peptides powder, Beauty Collagen, Marine Collagen Peptides powder, and collagen creamer. The deal follows Vector Consumer’s purchase of the Pura Collagen brand last month. Commenting on …
Pasture Brands, a portfolio company of Benford Capital Partners created in 2021 to buy Farmers Hen House Group and other natural, fresh and refrigerated food and drinks firms, has announced the acquisition of Pillars Yogurt, a drinkable Greek yogurt company. Founded in 2016, Pillars Yogurt is described as a better-for-you, clean-label brand with a portfolio of single and multi serve yoghurts, as well as plant-based yoghurt alternatives. Pillars Yogurt products …
Netherlands-based Lipton Teas and Infusions, the tea business divested by Unilever formerly known as Ekaterra, and Sri Lankan conglomerate Browns have agreed a new partnership that will reportedly make the latter the world’s leading tea producer. The long-term agreement will see Lipton Teas and Infusions cede control of its tea estates in Kenya, Rwanda and Tanzania, with a stipulation that tea will be grown and harvested to new quality, social …
Rubicon Bakers, a portfolio company of Trive Capital specialising in baked goods, has announced the acquisition of Lucky Spoon Bakery, a maker of gluten-free cakes and biscuits headquartered in Salt Lake City (UT). Founded in 2010, Lucky Spoon is described as a manufacturer of fresh cakes, cupcakes, biscuits, and brownies. Rubicon Bakers, which also includes the Just Desserts business, said the acquisition was a step towards expanding into markets catering …
Japanese drinks giant Asahi has announced the acquisition of South Australian spirits maker Never Never through its alcoholic beverages division, Carlton & United Breweries (CUB). Founded in 2016, Never Never offers gins under brands such as Triple Juniper, Oyster Shell, and Grenache and has full-time headcount of around 15. Commenting on the deal, Asahi CEO Amanda Sellers commented: “We are acquiring Never Never because we recognise Never Never’s incredible brand …
US food giant General Mills has announced the acquisition of Edgard & Cooper, a Belgium-based company described as Europe’s leading independent premium pet food maker. “With this transaction, the company further advances its Accelerate strategy, including the prioritization of its core markets, global platforms and local gem brands to drive sustainable, profitable growth and top-tier shareholder returns over the long term”, the company said in a statement Founded in 2016, …
Simply Good Foods, a US-based manufacturer and distributor of nutritional foods and snacks, has announced the acquisition of Only What You Need (OWYN), a 100% plant-based ready-to-drink protein shake brand and portfolio company of Purchase Capital. Headquartered in New York and founded in 2017, OWYN is described as a leading shake brand offering products that are high in protein but low in sugars and other carbohydrates. The company’s product range is …
Greenyard, the leading Belgian fruit and vegetable processor, has announced the acquisition of Creme de la Creme, a plant-based ice cream and frozen dessert company. According to Greenyard, the acquisition aligns with its strategy to create a full range of healthy, plant-pure products through its Greenyard Frozen division. Founded in 1999, Creme de la Creme is described as a private-label manufacturer of frozen desserts offering ice lollies, fruity pops, sorbet, …
The Indian arm of consumer goods giant Nestle and Indian multinational pharmaceutical company Dr Reddy’s have formed a joint venture to offer new nutraceutical brands to consumers in India and other agreed territories. The joint venture will establish its headquarters in Hyderabad, and select brands will be licenced by both parties. Nestle Group will license brands such us Nature’s Bounty, Osteo Bi-Flex, Ester-C, Resource High Protein, Optifast, Resource Diabetic, Peptamen, …
Italian dairy firms Latteria Soresina and Zanetti have announced the acquisition of 100% of the shares in Saviola, an Italian manufacturer of Protected Designation of Origin (PDO) cheeses including parmigiano reggiano and grana padano. With turnover in 2023 of €518 million ($555 million), Latteria Soresina is best known for producing milk, butter and Italian cheeses such as gorgonzola and parmigiano reggiano. Zanetti is a leading distributor of parmigiano reggiano, grana …
William Jackson Food Group (WJFG), a leading UK food supplier, has announced the acquisition of Lottie Shaw’s, a Yorkshire-based bakery business, via its subsidiary Jackson’s of Yorkshire. Founded in 2008, Lottie Shaw’s is described as a manufacturer of biscuits, parkin, confectionery, gingerbread, cakes, tarts, and vegan baked treats. Its product portfolio also includes drinks such as Holmfirth tea, Bottegga prosecco, Marsonne Viognier red and white wine, and its own branded …
Next Century Spirits, a US-based distilled spirits and marketing firm, has announced the acquisition of a majority stake in the brand assets of Texas-based peer Southwest Spirits & Wine. In a press release, Next Century Spirits said the deal included the Nue Vodka brand, which has an approximate annual volume of 220,000 9 litre cases across 29 states, as well as The Other 49 Bourbon, Sixty Men Bourbon, Calamity Gin, …
UK food manufacturer Samworth Brothers has announced it has completed the acquisition of Real Wrap Co, a producer of ready-made sandwiches and wraps. The Ginsters brand owner had previously acquired a minority stake in the business. Founded in 2010, Real Wrap Co. is described as a manufacturer of chilled and ready-to-heat sandwiches, wraps, salads and fruit and granola pots, as well distributing the Pollen + Grace and Flawsome brand ranges. …
Leading Swiss dairy company Emmi has announced the acquisition of a majority shareholding in Verde Campo, a Brazilian maker of yoghurt, milk drinks and other dairy products from soft drinks major Coca-Cola via its Brazilian subsidiary Laticinios Porto Alegre. Verde Campo is described as a “pioneer in protein” and is claimed to be particularly popular among consumers in the large Brazilian cities, who place a high value on health and …
Bridor, a bakery company owned by Le Duff, has announced the acquisition of Pandriks, a company that produces organic and artisan-inspired bakery products. Established in 2012 in the Netherlands, Pandriks is described as a manufacturer of raditional bakery products and organic bread under private label and through its own brand SlooOW. It operates production facilities in Meppel, Netherlands, and Fulda, Germany, supplying products both to European retail chains and customers …
Potato and frozen food specialist McCain has announced it has bought the outstanding shares Strong Roots, a plant-based frozen food company based in Ireland, to fully acquire the company. McCain had previously invested $55 million to acquire a minority stake in Strong Roots in 2021. Commenting on the acquisition, McCain chief growth and strategy officer Peter Dawe said: “Since 2021, our partnership with Strong Roots has reflected our ambition to …
Molson Coors has announced an investment of £100 million ($124 million) in its UK business over the next five years. In a statement, the company said the decision would allow it to increase its brewing and packaging capabilities at its largest UK facilities in Burton-on-Trent and Tadcaster, which supply the UK and Western Europe markets. Commenting on the move, Fraser Thomson, Molson Coors chief supply chain officer for Western Europe, …
French dairy group Lactalis has announced plans to close a factory in Echuca, in the Australian state of Victoria, that manufactures milk and yoghurt products for the Pauls brand. The move follows a decision by the company to consolidate its yoghurt and dessert operations at its larger regional centre of Bendigo, which is set to benefit from an A$85 million ($56.3 million) investment over the next three years. Commenting on …
Pladis, the global snacks firm, has announced it has completed the integration of chocolate firm Godiva Chocolatier into its product portfolio, alongside established brands such as Ulker and BN, and well-known British biscuit brands McVitie’s, Carr’s and Jacob’s. The strategic step will strengthen Pladis’s £3 billion ($4.05 billion) pre-Godiva annual net revenue and create a 16,000-strong global workforce, the company said. The integration process has been underway since 2023. Commenting …
American snack manufacturer J&J Snack Foods has announced the acquisition of the Thinsters biscuit brand from Hain Celestial, an organic and natural products company. Thinsters are described as thin, bite-size cookies that are oven-baked with real butter and real sugar. The Hain Celestial Group, which itself acquired Thinsters in 2021 along with That’s How We Roll brands and ParmCrisps, said the decision would optimize its better-for-you portfolio and reduce debts. …
St. Paul, a leading Dutch cheese processor, has announced the acquisition of Koninklijke ERU, an independent Dutch cheese dairy, to create an alliance for the production of a wide range of processed cheese products. Founded in 1824, Koninklijke ERU is known for brands such as Balans, Goudkuipje and Prestige, with a product range that includes both spreadable and American-style single-slice cheese. Commenting on the acquisition, St. Paul CEO Dieter Kuijl …
Varun Beverages (VBL), the Indian bottler for PepsiCo, has completed the acquisition of BevCo, a South African beverage company, following approval from the South African Competition Commission. The proposed acquisition was announced in December 2023, valuing BevCo at 1,320 crore INR ($16.4 million). BevCo is described as a leading independent manufacturer and distributor of licensed PepsiCo and own-brand non-alcoholic drinks. It is known for holding PepsiCo franchise rights in South …
Netherlands-based commodities firm Louis Dreyfus Company (LDC) has announced it has entered into an agreement to acquire Cacique, a major Brazilian maker of soluble coffee, for an undisclosed sum. Cacique is described as a leading independent global producer, processor, and exporter of soluble coffee, with two manufacturing sites in Brazil. It has a portfolio of 65 instant coffee products that is exported to more than 70 countries, along with a …
Australian company Vitality Brands has entered into an agreement to acquire Essano, a New Zealand-based beauty brand, for an undisclosed sum. This deal will bring opportunities to expand its portfolio of established brands including Essano, Cancer Council Sunscreen, Epzen, Dominate, Shockwaves and Tribe Skincare in global markets. “The partnership will propel Vitality Brands’ international growth strategy by introducing Essano to Vitality Brands’ vast distribution network across Australia and Asia while …
Semcap, a growth equity company, has announced an investment of $68 million to take a significant minority stake in Aloha, a plant-based protein brand. Aloha is described as an employee-owned and operated company offering high-protein, and low-sugar plant-based products. Semcap Food & Nutrition said it invested in food companies that support sustainable modern health and a better future for food. “Semcap Food & Nutrition is an ideal partner”, said Aloha …
Global spirits company Sazerac has announced it has signed an agreement to acquire BuzzBallz, a US ready-to-drink cocktail brand, for an undisclosed sum. Founded in 2009 by Merilee Kick, BuzzBallz is described as a woman-led and family-operated distillery, winery and brewery, renowned for its spherically-shaped RTD cocktails. BuzzBallz’s portfolio also includes includes brands such as BIGGIES, Uptown Cocktails, Sip Sip Hooray and Texas Craft. Commenting on the move, Sazerac CEO …
Unilever, the multinational consumer goods giant, has announced plans to spin off its ice cream divison into a separate business entity as it seeks ways “to accelerate its Growth Action Plan (GAP)”. The ice cream business has a portfolio of the top ten most popular global ice cream brands, including Wall’s, Magnum and Ben & Jerry’s, which collectively generated revenue of around €7.9 billion ($8.53 billion) in 2023, the company …
Nestle, the Swiss consumer goods giant, has announced plans to exit the dairy and juice sector in Ecuador through a deal with Gloria Foods, a subsidiary of the Peruvian business conglomerate Gloria Group, for Ecuajugos. According to Gloria Foods, the deal includes a factory and distribution centre in Cayambe, the local brands La Vaquita, Yogu Yogu, Natura, Cereavena and Huesitos, and the licensing of the international brands La Lechera and …
Borough Broth, a UK-based bone broth manufacturer, has announced the acquisition of SpiceBox, a food brand inspired by Indian cuisine, for an undisclosed sum. Following the acquisition, Borough Broth’s facilities in West London are set to become the primary manufacturing centre for the SpiceBox product range, which includes curry, ready-made dhal and sauces. Commenting on the move, Borough Broth founder Rosamund Heathcote said: “The Borough Broth Company’s vision was always …
Sugar Foods, a manufacturer of toppings, croutons, beverage ingredients and pizza toppings owned by Pritzker Private Capital, has announced the acquisition of Concord Foods, a leading US provider of retail foods and bespoke ingredients. Previously owned by Arbor Investments, Concord Foods is described as a premier supplier of custom ingredients and retail food products, catering to nationally-recognized supermarkets, foodservice operators and food manufacturers. The acquisition is set to include Concord’s …
Scandza, a diversified Norway-based food and drink firm, has announced it is selling Bisca, a Danish biscuit and cake manufacturer, to Danish private-equity group Erhvervsinvest Management for an undisclosed sum. Established in 1890, Bisca produces goods such as Danish butter cookies, brownie bites, digestive biscuits, oat and wholegrain biscuits, and crackers, and has a production facility in Stege. Commenting on the move, Bisca CEO Kristian Walsoe said: “We have seen …
Fauji Foods Limited (FFL), a Pakistani maker of dairy products, has announced the acquisition of the entire equity stake of its parent company Fauji Foundation in Fauji Infraveast Foods Limited and its cereals business under the brand name Fauji Cereals, to expand its product portfolio and market reach. In a filing with the Pakistan Stock Exchange, Fauji Foods Limited said: “This move marks the successful creation of a consumer food …
Vegan Food Group (previously known as VFC Foods) has announced that it has entered into an agreement to acquire Tofutown, a German-based manufacturer of plant-based foods with annual revenues of €60 million ($64 million). Founded in 1989, Tofutown is described as a large-scale supplier of natural, organic tofu, spreads and meat alternatives in the EU. It has two manufacturing sites, including one Luneburg in Lower Saxony that is described as …
Accolade Wines, one of the world’s largest wine companies, has entered into early merger discussions with peer Australian Vintage (AVG), the producer of the McGuigan and Tempus Two brands, according to The Australian Financial Review and The Shout reports. “AVG confirms it is in exploratory discussions with Accolade, however these discussions are still at a very early stage, and there is no certainty that any transaction will eventuate”, Australian Vintage …
Lantmannen, a Swedish agricultural cooperative and food manufacturer, has announced the signing of an agreement to divest its Gooh ready meal brand to Atria, a producer of food products across the Nordic countries. Launched at the beginning of 2000s in cooperation with the restaurant Operakallaren, Gooh offers a range of traditional Swedish and international ready-to-eat dishes manufactured in a commercial kitchen in Jarna, south of Stockholm. With volume sales of …
Heritage Distilling Company (HDC), a craft distillery based in the US, has announced the acquisition of local peer Thinking Tree Spirits for an undisclosed sum. Thinking Tree Spirits was founded in Eugene, OR in 2014 and is described as an award-winning, women-led, farm-to-flask, Oregon grown house of brands. As a result of the transaction, HDC will own 100% of the Thinking Tree Spirits assets and brands including Gifted Gin, Main …
Miami Beef, a US maker of fresh and frozen meat products, has announced the acquisition of Hofmann Sausage, a New York-based sausage brand, to expand its product portfolio. Established in 1879, Hofmann Sausage offers beef and pork franks, smoked sausage, bratwursts, beef jerky and condiments. In a statement, Hofmann Sausage said: “[Miami Beef] aligns well with Hofmann’s core values and produces high-quality products like we have been doing for well …
Rind Snacks, a US maker of fruit-based snacks, has announced the acquisition of Small Batch Organics, a US supplier of granola breakfast cereal. In a statement, Rind Snacks said the deal marked a major milestone in its evolution from a dried fruit brand into a vertically-integrated healthy snack platform, adding that Small Batch Organics was “a natural extension of RIND’s mission to bring wholesome and sustainable foods […] to more …
Turkish bottler Coca-Cola Icecek (CCI) and its subsidiary CCI International Holland have announced the signing of an agreement to acquire peer Coca-Cola Bangladesh Beverages (CCBB) for $130 million. Established in 2009, CCBB is described as being involved in the production, sale, and distribution of Coca-Cola’s sparkling and still brands in Bangladesh. The firm has over 300 employees, one bottling plant, and three main warehouses. Commenting on the move, CCI CEO …
Cultivate Food and Beverage, a social enterprise backed by disability employer Bedford, has announced the acquisition of Adelaide Hills Foods, a bakery firm headquartered in Lobethal, South Australia that offers the Emmaline’s, Emma Myrtle’s Bakehouse, Positano, James Road and Barossa Pizza brands. Adelaide Hills Foods supplies over 1,000 national and independent retailers, including Coles, Woolworths and Drakes, with a range of baked products. With the addition of the existing 76 …
Windsong Global, a investment firm focused on consumer brands, has announced the acquisition of the hair care brand JVN and the skincare brand Pipette, under a new holding company called Belle Brands LLC. JVN, which was created bu hair stylist Jonathan Van Ness, is said to be sustainable and cruelty-free, and has been sold exclusively at Sephora since 2021. Currently, the brand features over a dozen products, including shampoos, conditioners, …
Leading Chilean wine firm Vina Concha y Toro has announced the acquisition of Malpaso, a key producer of the fermented grape-juice spirit pisco, as it seeks to bolster its presence in the premium spirits category. In a press release, the company said it had been distributing Malpaso for 15 years, and noted the brand had seen 11.5% growth in value between 2022 and 2023. It also has its own Pisco …
Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail, has announced the acquisition of trademarks, recipes and all intellectual property rights of sugar confectionery maker Ravalgaon for 27 crore INR ($3.7 million), expanding its FMCG portfolio. Ravalgaon’s portfolio includes the confectionery brands Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream and Supreme. In a statement, Ravalgaon reportedly said it had lost market share owing …
Kirin, the leading Japanese drinks firm, has announced it is buying the Healthya tea-catechin business from personal care company Kao to enhance its presence in health-oriented drinks. “Under the Long-Term Management Vision, ‘the Kirin Group Vision 2027’, we are aiming at becoming a global leader in CSV (Creating Shared Value), creating value across our world of Food & Beverages to Pharmaceuticals”, Kirin said in a statement, adding: “With this transfer, Kirin Beverage will further …
Gelato d’Italia, an Italian manufacturer of branded and private label ice cream, has announced it has completed the acquisition of local peer Giuntoli, a maker of ice creams and ice lollies. Operating in Europe and North America under brands such as Indianin, Gelato d’Italia, Gelato da Sogno and JoyVeg (the latter a dairy alternative brand), Gelato d’Italia was purchased by the US investment fund Davidson Kempner and Afendis in 2022. The acquisition …
Creations Foods, a maker of gluten-free, health-oriented snacks, is expanding its presence in biscuits and confectionery with the acquisition of HighKey, a Florida maker of no sugar and low sugar treats, according to a Just Food report. HighKey makes a range of low-carbohydrate products advertised as “the snacks you crave without all the sugar”. The firm’s product lineup includes biscuits, crackers, chocolates and cake bites. Creations Foods, which is owned by …
Consumer goods giant Nestle has entered into exclusive negotiations with private equity fund FnB to sell its baby food brands in France, according to Just Food and FoodBev reports. The deal would see the company transfer its line of NaturNes baby pots, Babicao and Babivanille flavoured cereal powders, and P’tit yogurts, which are produced in Arches, France but exported globally. “This proposed sale would have no impact on the employees …
Trek One Capital, a US investment group, has announced the acquisition of organic chocolate brand Alter Eco Foods from fellow investors NextWorld Evergreen. Founded in 2004, Alter Eco Foods is described as a manufacturer of organic dark chocolate bars, truffles, granola, and quinoa, and markets its products in the US, Canada, Australia, and New Zealand. The company is claimed to use a 100% carbon neutral full cycle manufacturing process, and …
Bansk Group, a private investment firm dedicated to building consumer brands, has announced the acquisition of a majority stake in No Man’s Land Foods, a manufacturer of meat snacks, for an undisclosed sum. Founded in 1997 in Oklahoma, No Man’s Land Foods is a leading provider of jerky and meat sticks. The brand is said to be known for its authentic slow-drying production process, producing beef jerky with a distinctive …
Innovatus Drinks, the UK spirits company known for brands such as Horse Guards Gin, Barentsz Gin, Pedrino Spritz and Wing Walker Rum, has added to its portfolio with the acquisition of spirit-based aperitif Sollasa for an undisclosed sum. Launched in 2021, Sollasa is described as a light refreshing spirit with a blend of Indian-inspired flavours such as mandarin, lychee and cardamom that is ideal for pairing with Pan-Asian food, as well as making cocktails. …
Panos, a producer of branded consumer foods, has announced the acquisition of Tessemae’s, a specialist in refrigerated and shelf-stable organic salad dressings, for $4.5 million. The acquisition follows Tessemae’s decision to file for voluntary Chapter 11 bankruptcy protection to restructure its debts. Founded in 2009, Tessemae’s grew rapidly to secure distribution in national grocers, retailers and hotel chains. Commenting on the acquisition, Panos CEO Darcy Zbinovec said: “Tessemae’s offers a …
European soft drinks bottler Coca-Cola European Partners (CCEP) has announced it has received approval from Philippine anti-trust regulators to buy peer Coca-Cola Beverages Philippines (CCBPI) from The Coca-Cola Company (KO), in a joint deal with investment fund Aboitiz Equity Ventures (AEV). Under the terms of the deal, CCEP holds a 60% stake in the acquired business, and AEV the remainder. In a statement from November, CCEP said the acquisition would build on its successful …
Utz Brands, the US snacks company, has announced it is selling a number of brands and facilities to Our Home, an operating company of “better-for-you” brands, for a cash consideration of $182.5 million. Under the agreement, affiliates of Our Home have agreed to purchase the Good Health and RW Garcia brands, the Lincolnton (NC) and Lititz (PA) manufacturing facilities and certain related assets, and assume Utz Brands’ Las Vegas, NV facility’s lease …
Germany confectionery firm Boettger Gruppe has announced the acquisition of Jahnke Susswaren, a specialist in liquorice sweets, from peer Ragolds Invest for an undisclosed sum. Boettger Gruppe owns Cavendish & Harvey, described as the world’s leading manufacturer of high-quality tinned and jarred hard candies, with sales in over 100 countries. It noted the brand’s growth over the last few years had resulted in it already needing to outsource some of …
Private equity fund Bridgepoint has announced it is acquiring the toiletries brand RoC Skincare from existing backer Gryphon Investors for an undisclosed sum. Founded in France in 1957, RoC Skincare is described as one of the world’s largest independent skincare brands, offering “clinically proven, dermatologist-backed” products with a focus on ageing skin. RoC Skincare is said to have achieved organic revenue growth of 70% since Gryphon Investors acquired the brand from Johnson & …
Casino, the leading French retail group, has announced it has reached an agreement to sell 288 stores and assoicated service stations to peers Auchan and Les Mousquetaires for an enterprise value of around €1.3 billion ($1.4 billion) Negotiations started last December with Casino aiming to sell almost all of its supermarkets and hypermarkets as part of a restructuring process. The disposals will take place in the second quarter of 2024, …
Prime Drink Group, a Quebec-based drinks company, has announced it has entered into an agreement to acquire Triani, a manufacturer and distributor of alcoholic and non-alcoholic beverages, for C$38 million ($30.1 million). Founded in 2015, Triani is known for the Cantini, Ettaro and Enjoy wine brands. It also produces and markets Octane, Mojo, Baron, and Seagram malt-based alcoholic beverages, as well as non-alcoholic products under the Hickson brand in Canada …
Oettinger, the German brewer, has announced it is acquiring JoyBrau, a brand of non-alcoholic beer known for its functional benefits. Launched in 2016, JoyBrau is most famous for its high-protein drinks, but also markets a beer with added vitamins and another with caffeine and guarana for energy benefits. “JoyBräu is maximizing well-beering around the globe by leveraging patented technology to make functional nutrition delicious, natural, and joyful for the modern health-conscious …
Yellow Wood Partners, a private equity firm based in Boston, USA, has announced that its portfolio company Suave Brands has signed a binding offer to acquire the lip balm brand ChapStick from Haleon, a consumer healthcare firm, for €468 million ($519.6 million). ChapStick lip balm first debuted in the 1880s and later diversified its product range with innovative new ingredients, skincare benefits, and flavours, Yellow Wood Partners said in a …
Italian bakery firm Galup has acquired Golosi di Salute, a manufacturer of cakes, biscuits, desserts and confectionery based in Monticello d’Alba, in Italy’s Piedmont region, according to reports in Distribuzione Moderna and ANSA. Golosi di Salute was founded in 2005 and is said to be particularly known for its use of “unconventional” ingredients including kamut, spelt and rice flours, dextrose, fructose and extra virgin olive oil. In 2017, 50% of …
Fengate Private Equity, a division of investment fund Fengate Asset Management, has announced the acquisition of Saco Foods, a US manufacturer of shelf-stable products for an undisclosed sum. Founded in 1973, the company had been owned by Benford Capital Partners since 2016, during which time it underwent a process of recapitalization. Saco Foods is described as a leading specialty consumer packaged goods company primarily retailing through supermarkets, mass retailers and …
Morato Group, a leading Italian bakery firm, is continuing its strategic expansion by acquiring Massimo Zero, a company specialized in the manufacture of gluten-free products made with 100% Italian flour. Based in Alto Adige, Massimo Zero will now be run by Morato Group subsidiary NT Food in partnership with Botzen Invest, a local investment company. Commenting on the deal, Morato Group CEO Stefano Maza said: “We are very proud to …
MPearlRock, a partnership between Kroger’s venture capital arm PearlRock Partners and MidOcean Partners, a private equity firm, has announced the acquisition of Nutpods, a plant-based creamer brand, for an undisclosed sum. Founded in 2013, Nutpods is described as the leading manufacturer and marketer of plant-based creamers in the US, with a presence in more than 15,000 retail stores. It is said to be the number one plant-based creamer brand within the …
DayDayCook (DDC), the specialist in ready-to-cook and ready-to-eat Asian foods, has announced it has entered into an agreement to acquire 51% of GL Industry, an Italian producer of specialized Asian ready meals. GL Industry sells its products to over 7,000 European retailers under private labels as well as under its own Asiamama and Sushimama brands. The firm currently manages two production facilities and generated around €11 million ($12 million) in sales in 2023. The …
Sprecher Brewing, a brewer with German heritage situated in Glendale (WI), has announced the acquisition of energy drink brand Juvee from global gaming and lifestyle firm 100 Thieves to increase its footprint in non-alcoholic drinks. Launched in 2022, Juvee energy drinks are claimed to boost energy, elevate mood, increase focus and improve overall well-being. Commenting on the acquisition, Sprecher Brewing CEO Sharada Chada said: “This is another exciting step for …
Candy Factory, a leading Italian confectionery manufacturing group, has acquired Monk’s, a historical brand of balsamic sweets produced by Akellas. Manufactured in the Milan area since 1954, Monk’s candies are marketed in Italy and in some parts of Canada, Switzerland and Japan. With the acquisition, Candy Factory is reportedly aiming to bolster its international presence. Candy Factory, which was formed in 2022 through the merger of Casa del Dolce and …
Tata Consumer Products, the Indian FMCG conglomerate, has announced the acquisition of food and drinks businesses Capital Foods and Organic India for a reported combined investment of 70 billion INR ($845 million). Tata Consumer Products said the deal was aligned with the company’s strategy to “expand its product portfolio and its target addressable market in fast-growing/high margin categories”. The company is reportedly buying 75% of the noodle and condiments firm …
V2food, a plant-based food company, has announced the acquisition of ready-meal brand Soulara in order to broaden its portfolio, extending its reach from retail and food service to the direct-to-consumer channel. Soulara claims to offer “chef-crafted, plant-based meals” that are made with a diverse range of ingredients and have a small environmental footprint. Commenting on the acquisition, V2food CEO Tim York said: “We know consumers want to eat more plant-based …
PAG Private Equity, a global investment firm headquartered in Hong Kong, has agreed to acquire a majority stake in Food Union Europe, a Latvia-based producer of ice cream with a presence in six European countries. The fund will obtain shares from the founder and other private stakeholders involved in the transaction. After acquisition, PAG will take complete operational control of dairy and ice cream production, along with direct-to-consumer distribution enterprises …
Meditrina Beverages, a drinks company newly created by the Taliano family, is acquiring the assets of Warburn Estate, a winery located in the Riverina region of the Australian state of New South Wales. The deal, which is set to be concluded by March, includes the land, plant, equipment, trademarks and intellectual property, as well as the cellar door. Warburn Estate was established in 1968 and is described one of Australia’s leading …
AUA Private Equity Partners, a private equity fund, has announced the acquisition of Weaver Holdings, a leading popcorn producer, for an undisclosed sum. Founded in 1928 and headquartered in Indiana, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop Weaver brand. The deal follows the decision by Weaver Holdings to sell its popcorn facilities …
Wickles Pickles, an Alabama-based producer of pickles and spreads, has been acquired by Fenwick Food Group, a division of Fenwick Brands Inc that acts as an operating platform for food brands. Wickles Pickles was founded in 1998 and is claimed to offer a unique flavor profile and robust product offering. Fenwick Food Group described the investment as “timely”, noting Wickles Pickles had reached “an inflection point” with further resources needed to …
Systm Foods, a joint venture between brand accelerator Systm Brands and FMCG investment firm Ground Force Capital, has acquired drinks firm Humm for an undisclosed amount. Founded in 2009, Humm makes what is said to be the first and only Whole 30-approved kombucha. It will be added to the Systm Foods portfolio alongside fellow plant-based functional beverage brands REBBL and Chameleon Organic Coffee. Commenting on the deal, Andy Fathollahi, CEO …
Netherlands-based coffee and tea major JDE Peet’s has announced it has completed the acquisition of the tea and coffee business of Brazilian firm JAV. Terms of the deal, which includes brands such as Cafe Marata, Cafe Puro, Cha Marata and Cha Castellari and which was first announced last July, were not disclosed. In a statement, JDE Peet’s said the brands, which have a strong presence in the North and North-East …
Danone, the French consumer goods giant, has signed an agreement to sell the Horizon Organic and Wallaby dairy brands to US-based investment firm Platinum Equity for an undisclosed sum. Established in 1991, Horizon Organic offers USDA-certified organic dairy products ranging from milk and creamers to yoghurt, cheese, and butter. Australian brand Wallaby Organic specializes in creamy yoghurts, including traditional Australian-style and organic Greek yogurt varieties. Commenting on the deal, Antoine …
Unilever, the FMCG multinational, has announced that it has signed an agreement to acquire US haircare brand K18 for an undisclosed sum. Founded in 2020 by Suveen Sahib and Britta Cox, K18 is described as bridging the gap between beauty & biotech with six haircare solutions targeting hair damage. K18 is distributed through professional salons, retail, and e-commerce platforms in North America, the UK and Australia. Commenting on the deal, …
L’Occitane, the premium French toiletries firm, has announced it is expanding its presence in home fragrance with the acquisition of Dr. Vranjes Firenze. Founded in 1983, Dr. Vranjes Firenze “encapsulates the essence of Florentine artisanship combined with the innovation of fragrance science”, L’Occitane said in a statement. It further described the brand as being “at the forefront of luxury home scents”, with sales in over 75 countries, 650 points of sale and …
DayDayCook (DDC), a self-proclaimed content-driven consumer food brand, has announced that it has entered into an agreement to acquire Yai’s Thai, a leading US Thai food brand, for an undisclosed sum Founded in 2014, Yai’s Thai offers Thai-inspired pantry essentials, such as curries and stir-fry sauces. Commenting on the acquisition, DDC’s founder and CEO Norma Chu said: “Yai’s Thai is an important addition to the DayDayCook family, as it expands …
Clear Premium Water, an Indian manufacturer of bottled water, has acquired a 51% stake in Kelzai Volcanic Water, a brand of volcanic spring water. Established in 2007, the Kelzai Volcanic Water brand provides water sourced from volcanic springs in the Western Ghats, and is claimed to be rich in essential minerals and electrolytes. It is available in various sizes of plastic and glass bottles in both still and sparkling varieties. …
Chobani, the leading US greek yoghurt firm, has announced the acquisition of La Colombe, an American coffee roaster, for $900 million. Founded in 1994, La Colombe is described as crafting premium roasts from bean to cup, reaching consumers through retail stores, cafes, food service providers, and direct-to-consumer platforms. The deal comes a matter of months after Keurig Dr Pepper announced a 33% ownership stake in La Colombe, which included a …
Unilever, the multinational consumer goods giant, has announced it has received a binding offer from Yellow Wood Partners, a Boston-based private equity firm, to acquire Elida Beauty for an undisclosed amount. Elida Beauty has a portfolio of 20 beauty and personal care brands including Q-tips, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and VO5, which together generated revenue of around £800 million ($980 million) in 2022. Fabian Garcia, Unilever …
Meiji, the Japanese food and pharmaceutical firm, has announced plans to invest ¥48 billion ($339 million) in the construction of a new dairy plant in Nakashibetsu, Hokkaido. According to Meiji, the new facility will have an initial production capacity of 430,000 tons of raw milk annually, with the potential to reach 500,000 tons over time. The new 230,000 sq m plant will ultimately replace existing plants in Honbetsu and Nishi …
Nourish You, the Indian “superfood” company, has announced the acquisition of dairy alternative specialist One Good for an undisclosed sum, expanding its footprint in the vegan category. Founded in 2016 under the name Goodmylk, One Good offers a variety of vegan dairy alternative products including milk, cheese, chocolate, curd, ghee and butter. It has manufacturing plants in Bengaluru, Mumbai and Delhi with capacity for 150 tons per month, of which …
CTH Invest, a Belgian holding company associated with confectionery major Ferrero, has announced that it has entered into exclusive negotiations to fully acquire the Michel et Augustin food and drinks brand from French consumer goods giant Danone. Founded in 2004, Michel et Augustin markets biscuits, dairy products, fresh desserts and beverages. It was acquired by Danone in 2016. In a statement, Ferrero said the planned acquisition would strengthen the Ferrero …
Wipro Consumer Care and Lighting, an Indian personal and household care manufacturer, has acquired soap brands Jo, Doy, and Bacter Shield from Mumbai-based health & beauty firm VVF for an undisclosed sum. Wipro’s acquisition, its third within the space of a year, will reportedly allow it to strengthen its grip in the soap category by broadening its reach across segments and geographies. The Jo brand is said to hold a …
Pfeifer & Langen, a German sugar and snacks firm, has taken a majority stake in Rugenwalder Muhle, a manufacturer of meat and meat alternatives. According to a Vegconomist report, the deal forms part of Pfeifer & Langen’s strategy to expand in the plant-based space. The company already has stakes in Vbites and Endori, which manufacture vegan products. Rugenwalder Muhle, which began life as a meat products specialist, evolved its portfolio in …
Italian tomato producer Casalasco has signed an agreement to acquire 70% of De Martino, a trading company specialised in distributing Italian canned food over the world. De Martino has built an export network with major players in Japan, South East Asia and Scandinavia, and generates approximately €40 million ($43 million) from tomato-based canned food distribution. The agreement, which follows Caslasco’s 2022 acquisition of Emiliana Conserve, will allow the company to export around …
Kofola, a Czech-based non-alcoholic beverages company, has announced the acquisition of Pivovary CZ Group, a producer of traditional beer brands such as Holba, Zubr and Litovel. Pivovary CZ Group is the fifth largest beer company in the Czech Republic with a workforce of almost 500. With the acquisition, Kofola said it planned to bolster its presence in beers with export potential. Kofola will hold a 51% stake in the company, with …
Hive Bidco, a wholly-owned indirect subsidiary of US confectionery firm Mars, has signed an agreement to acquire Hotel Chocolat, a UK chocolate manufacturer and retailer, in a deal worth £534 million ($663 million). Hotel Chocolat established its first store in North London nearly two decades ago, subsequently expanding to over 130 UK locations. The firm also has a presence in Japan and the Caribbean. Commenting on the acquisition, Mars Snacking …
LDC Group, the French poultry processing giant, is reportedly negotiating to acquire Indykpol Group, a Polish firm specialising in turkey meat. According to an article in Just Food, LDC is in “advanced” talks with Rolmex, Indykpol’s owner, to buy the company. Indykpol is said to have reported sales of €228 million ($244 million) in 2022. The firm owns a processing plant located in northern Poland, as well as more than …
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Green Giant US shelf-stable vegetable product line to peer Seneca Foods for an undisclosed sum. The divestment will see B&G Foods retain ownership of Green Giant trademarks, and license the brand name to Seneca Foods for shelf-stable products. The deal excludes frozen items, Green Giant Canada, and the Le Sueur brand. Commenting on the …
Australian Beer (ABCo), a brewing firm that is part of the Casella Family Brands group, has announced the acquisition of Ampersand Projects, Australia’s leading independent spirit company, for an undisclosed sum. The deal strengthens ABCo’s position in spirits and flavoured alcoholic beverages (FABs), while also allowing Ampersand Projects full access to ABCo’s capabilities and resources. Commenting on the move, Casella Family Brands managing director John Casella said: “This is an …
Treasury Wine Estates (TWE), the Australian wine giant, has reached an agreement to acquire DAOU Vineyards, a US luxury wine brand, for $900 million. The acquisition includes the DAOU brand, DAOU Mountain Estate, four boutique luxury wineries and around 400 acres of vineyards. Commenting on the acquisition, Treasury Americas president Ben Dollard said: “We’re really excited about the opportunity for the wine category to engage new consumers, and particularly to …
UK food manufacturer Premier Foods has announced the acquisition of breakfast brand Fuel10K in a deal worth £34 million ($41.2 million). The Fuel10k range includes granola, porridge, biscuits, and high-protein snacks, and has reportedly recorded strong double-digit revenue growth over the last three years. Commenting on the acquisition, Premier Foods chief executive officer Alex Whitehouse said: “FUEL10K provides us with an ideal platform to accelerate our expansion into the Breakfast …
Ferrara, the leading US sugar confectionery firm, has announced it has signed an agreement to acquire peer Jelly Belly through its holding company CTH for an undisclosed amount. Jelly Belly is a family-run company renowned for its specialty retail confections, including jelly bean brands such as BeanBoozled® and Sport Beans®. The acquisition includes Jelly Belly’s 100 flavours, 800 employees, and its facilities in California, Illinois, and Thailand. Commenting on the …
AG Barr, the UK-based soft drinks firm, has announced the acquisition of soft drinks brand Rio from independent brewer Hall and Woodhouse in a deal worth £12.3 million ($15 million). The acquisition will complement AG Barr’s current portfolio, which includes brands such as Irn-Bru, Boost, Funkin, and Rubicon. The Rio brand has been marketed, sold and distributed on an exclusive licence basis by AG Barr’s recently-acquired Boost Drinks division since …
JM Smucker, the US-based food and beverage company, has announced that it has come to an agreement to sell its Bick’s pickles, Habitant pickled beets, Woodman’s horseradish, and McLarens pickled onions brands to private label specialist TreeHouse Foods. The brands included in the transaction generated net sales of approximately $60 million for JM Smucker’s fiscal year ended April 2023. Tim Wayne, JM Smucker senior vice president & general manager, commented: …
Nolet, the leading Dutch distiller, has announced an agreement to buy its fellow spirits firm Lucas Bols in a deal worth approximately €269.5 million ($286.2 million). In a statement, the two companies said the deal would create “a Dutch champion in the global spirits and cocktail market”, adding they see “a unique opportunity to bring two leading […] companies with a rich heritage under one Dutch flag”. Lucas Bols will …
Second Nature Brands, a US snack and confectionery brand owner, has announced the acquisition of nut and fruit snack mix maker Sahale Snacks from JM Smucker for a total consideration of $34 million. Sahale Snacks has net sales of $48 million and sell its products across the US and internationally under its namesake brand. The transaction will include all trademarks, as well as a leased manufacturing facility in Seattle(WA). The existing Second Nature Brands portfolio includes …
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 …
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 …
Snack and confectionery multinational Mondelez has announced the acquisition of a majority stake in sports nutrition firm Grenade for an undisclosed sum. Founder in 2010, Grenade is a manufacturer of sports nutrition products with a portfolio of high protein, low sugar products such as bars, shakes, and drinks with exports over 30 countries. The partnership with Mondelez will give access to Grenade to more resources allowing the company to accelerate …
Australian pie and pastry firm Patties Foods has announced the acquisition of the ready meal business Fitness Outcomes. According to Inside FMCG, the addition will allow Patties Foods’ annual sales to reach around AUD $500 million ($387 million). During the next two months, the production of the 20 refrigerated and frozen healthy ready meals will be moving to Patties Foods’ Packenham and Australian Wholefood sites, and afterwards the products will …
Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East. According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and the Middle East from Egypt. “We have been seeking this venture as a company for …
UK based Vibrant Foods, parent company of South-East Asian food brands has acquired paneer maker Everest Dairies, aiming to expand its portfolio. Everest Dairies is based in Leicester, employing 43 people and supplies paneer products and set yoghurts to retailers and foodservice. The new brand will join a portfolio that includes the brands TRS, East End Foods and Cofresh. Besides producing and distributing products in the UK, Vibrant Foods also …
Multinational food and drinks giant, Nestle has announced the acquisition of Essentia Water, a premium functional water brand based in Washington. Worthing $192 million in sales the past year, Essentia produces ionized alkaline water, being the leading brand in that space in the United States. Now it will be part of Nestle USA Premium Waters portfolio together with Perrier, San Pellegrino, and Acqua Panna. In a statement, Nestle acknowledged that …
Mondelez International, the snack and confectionery multinational, has announced the acquisition of Gourmet Food, a leading manufacturer and distributor of premium entertaining food products, for an undisclosed sum. The movement is part of Mondelez’s strategy to strengthen its position in the snacking sector, following the recent acquisitions of Perfect Snacks and Hu Master Holding. Gourmet Food manufactures premium crackers and biscuits under the OB finest, Olina’s Bakehouse, and Crispbic brands …
Diageo, the leading alcoholic drinks firm, has announced the acquisition of beverage producer Far West Spirits, for an undisclosed amount. Far West Spirits produces the Lone River ‘Ranch Water’ brand, an RTD beverage producer known for drawing inspiration from the classic Texan ‘Ranch Water’ cocktail. The Ranch Water agave-flavoured range includes Original, Spicy, and Rio Red Grapefruit. Each 355ml can is said to be low calorie and low sugar. Commenting …
Siniora Food Industries, a subsidiary of Arab Palestinian Investment Company (APIC) and a leading regional meat processing company, announced the acquisition of a 77% stake in Trakya ET Co., a meat manufacturing firm in Turkey. According to PR Newswire, the acquisition is part of the company’s strategy to grow its market share regionally and globally and the Turkish market will be a key element for Siniora products to enter the …
Brazilian firm Pastificio Selmi has announced the acquisition of Todeschini, a brand of pasta and biscuits. The Todeschini brand joins the company’s portfolio that includes the brands Renata and Galo, ensuring Selmi’s second place in the Brazilian pasta market. “Like Selmi, Todeschini has the DNA of a family history and focuses on the quality of its products. This step taken with the acquisition of the brand further reinforces the company’s …
Food and drink giant Nestle has entered into an agreement deal to acquire British producer of recipe kits SimplyCook for an undisclosed sum. SimplyCook provides pre-portioned, letterbox-sized recipe kits delivered with simple instructions and specific supplies, to consumers in the UK and Ireland. Since its launching, the London-based company claims to has helped customers cook over 20 million recipes. “I am delighted to welcome the SimplyCook team to Nestlé. We …
American multinational beverage Coca-Cola company has revealed intentions to acquire a controlling stake in Bodyarmor, a functional drinks business. Bodyarmor’s portfolio includes a range of enhanced water drinks, sports drinks made with coconut water, and lower-calorie. According to sources, a Coca-Cola spokesperson said: “We can confirm that The Coca-Cola Company has filed a pre-acquisition notification with the Federal Trade Commission relating to its intent to acquire a controlling interest in …
Danone, the food and beverage multinational, has announced a partnership with plant-based foods producer Earth Island to acquire 100% of its shares as well as the Follow Your Heart Brand. The Follow Your Heart product portfolio includes dairy-free cheeses and yoghurt, egg-free mayonnaise, cream cheese alternatives, and salad dressings. Danone said the deal would expand its plant-based offerings, adding Follow Your Heart to existing plant-based brands such as Alpro, Silk, and So Delicious …
Darco Capital, via the newly-formed 1776 Spirits Company, has announced it has acquired the spirit brands American Harvest Vodka and Beach Whiskey. The new company said it intended to provide the infrastructure and resources to market the brands, distribute and expand distribution, and develop innovative products. Rebecca Running, CEO of 1776 Spiritsm said: “American Harvest Vodka is poised to appeal to today’s market of thoughtful, value-driven individuals. I see this fully …
Dole Food Company, a North American manufacturer, marketer, and distributor of fruit and snacks, and Irish Total Produce, a fresh produce firm, have entered into a binding transaction agreement to combine under common ownership. The transaction aims to simplify the existing structure between the two companies by enabling operational integration and allowing synergies across the enlarged business, thus creating a new world giant specialised in the commercialisation of fresh products. …
Finnish firm Atria has announced that it has entered into an agreement to sell its Russian food subsidiary Pit-Product. In a press release, Atria said it had investigated various ways of developing its Russian business and has now entered into an agreement to sell Pit-Product to Agricultural Complex Mikhailovskiy, part of the Cherkizovo Group. Cherkizovo is claimed to be Russia’s largest manufacturer of meat products and has been listed on …
Multinational food and drinks giant Nestle has reached an agreement to sell its Nestle Water North America business to One Rock Capital Partners in partnership with Metropoulos & Co. for $4.3 billion. The sale includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountains, Zephyrhills, Arrowhead and Spring. International premium brands including Perrier, S.Pellegrino, and Acqua Panna are not part of the deal. The movement is part of Nestle’s …
Global branded food company Hormel Foods has announced the acquisition of the Planters brand from Kraft Heinz for $3.35 billion. The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production sites. In 2020, Planters snack portfolio net sales were approximately $1 billion, and are expected to grow at Hormel’s long-term organic growth target. “Our competencies in brand stewardship, revenue growth management, e-commerce, innovation and …
Biscuit International, the France-based bakery firm, has reached an agreement to acquire Dan Cake, a Portuguese manufacturer and distributor of biscuits and cakes for an undisclosed sum. Dan Cake is a family-owned business founded in 1978 and headquartered in Coimbra, Portugal. The company, which has two manufacturing sites and employs 500 staff, is a leading producer of cakes and biscuits in Portugal and a leader in the butter cookies market. …
Global food manufacturer Kerry Group has reached an agreement to acquire Chinese flavour and seasoning company Jining Nature Group for an undisclosed sum. Through the acquisition, Kerry Group plans to strengthen its presence in the Asia Pacific market. The firm also said it intended to bring a wide range of authentic local and regional taste technologies and application capabilities to the Kerry portfolio. Founded in 2020, Jining Nature Group is …
Leading Italian food company Barilla has acquired the Capelli dry pasta company in Canada from Spanish firm Ebro Foods for C$165 million ($130 million). The Capelli pasta business includes the Capelli, Lancia, and Splendor brands and a manufacturing plant in Montreal. “We’re leading the charge in transforming the pasta category, and as a category leader worldwide, it’s our mission to be an architect of growth” ,said Claudio Colzani, chief executive …
Multinational brewer Heineken has announced the full acquisition of Brixton Brewery for an undisclosed sum. The acquisition comes three years after Heineken bought a 49% stake in the firm. According to sources, the founders of Brixton Brewery will continue leading the company operations. Jez Galaun, founder of Brixton Brewery commented: “When we look back over the past seven years, we honestly can’t believe how far we’ve come – from home …
Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures, sells, and distributes a wide portfolio of brands, has invested in Mexican food firm La Tortilla Factory, becoming the majority stakeholder of the company. The investment is intended to support La Tortilla Factory’s future growth strategy. La Tortilla Factory is a family-owned manufacturer and distributor of Mexican food products such as corn, flour, tortillas, sauces, and snacks, employing …
Thai Union Group, a world-leading seafood company, has announced an investment in BlueNalu, a cell-based seafood start-up. Founded in 2018, BlueNalu has developed what is claimed to be an innovative way to produce fish products directly from the cells of fish, in which the taste, texture and nutritional value of the products do not vary in the process. “Thai Union is an industry leader in innovation and sustainability, and cell-based seafood …
Italian pasta and sauce company Barilla has announced the acquisition of a majority stake in Pasta Evangelists, a startup that delivers fresh pasta meal kits to homes in the UK. Founded in 2016, Pasta Evangelists delivers boxes of fresh pasta meal kits directly to clients and also distributes pasta and sauces through digital platforms and a physical outlet. According to Barilla, the acquisition, made through its venture firm BLU1877, represents …
Agthia, the leading Middle East food and drinks firm, has announced that it has acquired a majority stake in Nabil Foods, a regional manufacturer of frozen and chilled protein products that are distributed to more than 20 local and international markets. According to a report in the Khaleej Times, Nabil Foods specialises in manufacturing a range of frozen and chilled meat products, from chicken shawarma sandwiches to kubbeh balls. The acquisition …
Swiss-based food company Hero has announced the acquisition of Canadian organic baby food firm Baby Gourmet. According to a company press release, the purchase is part of a strategy to increase the company’s baby food category footprint. “We are extremely pleased to have positively concluded the acquisition of Baby Gourmet and to have found a strategic partnership model with the founders to continue their entrepreneurial success story”, said Rob Versloot, CEO …
Global soft drinks company Coca-Cola Company has sold the Zico coconut water brand back to its original owner, through the equity firm PowerPlant Ventures, after eight years. Mark Rampolla, creator of the Zico brand and co-founder of PowerPlant Ventures, said: “I respect the decision of Coca-Cola to focus on other elements of their beverage business. I still have a lot of love for ZICO, and I know consumers do too. …
Savoury snacks US firm Utz Brands has announced that its subsidiary Utz Quality Foods has reached an agreement to acquire the Vitner’s snacks brand and distribution assets from Snak-King Corp for $25 million. The sale includes intellectual property such as the brand trademark and direct-store-delivery (DSD) distribution assets related to the brand’s products. “This transaction is a continuation of our strategy to successfully build long-term value and share by expanding in …
US-based manufacturer of branded and private label biscuits Jimmy’s Cookies has entered into an agreement to acquire artisan bread brand Ecce Panis from Campbell Soup. The acquisition includes Ecce Panis’ bakery facility, which will double Jimmy’s Cookies’ manufacturing capacity for its gourmet biscuit business. “The addition of the Ecce Panis brand is consistent with our strategy to drive growth through expanding and diversifying our product line”, said Howard Hirsch, CEO, …
Snack and confectionery multinational Mondelez has announced the acquisition of Hu Master Holding, a US-based snack company. In 2019, Mondelez made a minority investment in Hu through its SnackFutures division. Hu is a family business founded in 2012 that has become a category leader in premium chocolate bars with a portfolio of products that includes snacking and baking chocolates, chocolate-covered nuts and berries, and grain-free crackers. “Hu is a strong strategic …
Global institutional investor Caisse de Depot et Placement du Quebec (CDPQ) has invested $200 million in the US beverage producer Zevia. Zevia is headquartered in Los Angeles and produces zero-calorie, stevia-sweetened soft drinks, organic teas, and mixers that are distributed in the US and Canada. Zevia CEO Paddy Spence commented: “Zevia is focused on making the world a better place through sustainable, affordable products that taste great and feature simple, …
UK food manufacturer Baxters Food Group has acquired US-based contract manufacturer Truitt Bros for an undisclosed sum. Truitt Bros is a manufacturer of shelf-stable, thermally processed foods, operating from two facilities with a workforce of over 500 staff. According to sources, the acquisition is part of Baxters’ plans to expand its US and global growth strategy. “Truitt Bros is an industry innovator, providing high quality customised products to a wide …
IK Investment Partners has announced the sale of Signature Foods to Pamplona Capital Management for an undisclosed sum. Headquartered in the Netherlands, Signature Foods is a branded and private label food franchise in the chilled categories of spreads and dips, bites and tapas, and meal solutions with a portfolio of brands including Johma, Delio, Hamal, and Heks’nkaas. Signature Foods employs over 600 people across its seven production facilities in Belgium, …
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of yoghurt and fresh dairy firm Ultima Foods from Agropur Group. According to the company, the transaction includes all shares in Ultima Foods, and the Iogo, Iogo Nano, and Olympic brands as well as yoghurt production facilities in several locations. With the acquisition, Lactalis Canada will add 450 employees to its workforce of 3,500 employees operating in …
Plant-based food firm Whole Earth Brands has entered into an agreement to acquire Wholesome Sweeteners for an initial price of $180 million. Founded in 2001, Wholesome Sweeteners produces plant-based and fair-trade certified sweeteners, including sugar, honey, agave nectar, allulose, and other liquids and sweetener products, holding a 76% share in the organic granulated sugar segment of the organic and natural channel. “Sweets are a joyful experience in cultures around the …
Investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners. Red Monkey Foods is a manufacturer of organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, and operates three facilities. Commenting on the deal, NEP Partner Sundip Murthy said: “Red Monkey continues to deliver strong sales growth and provides a compelling value proposition to customers and …
Brazilian biscuits manufacturer Marilan has announced the acquisition of Casa Suica, a company that produces cakes. According to sources, Casa Suica has a large portfolio of premium cakes and panettones, enabling Marilan to move into an adjacent category. The deal will also allow the firm to expand product distribution in the South and Southeast of Brazil, two strategic regions for biscuits. Two years ago, Marilan’s competitor M. Dias Branco bought Piraque with …
Indonesian agri-food and poultry manufacturing business group Japfa has entered into an agreement to sell 80% of South-east Asia branded dairy business Greenfields to affiliates of investment firms TPG and Northstar Group for 236 million, according to reports in Food Business Africa and Straits Times. Founded in 1997, Greenfields has over 16,000 Holstein and Jersey cows which produce 43.5 million litres of milk per year. The milk is processed into a range …
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its pet food business Natural Balance to Nexus Capital Management for $50 million. The transaction is said to be part of the company’s plan to focus on its core pet care portfolio, which includes brands such as Rachael Ray Nutrish, Milk-Bone, and Meow Mix, which have significant long-term growth potential, according to the company. Mark Smucker, president, …
Minnesota, US based beverages firm Prestige Beverage Group has acquired the Windsor Canadian Whisky brand from global drinks group Beam Suntory. According to sources, Windsor Canadian Whisky, claimed to be one of the best-selling Canadian whiskies in the US, will continue to be produced at Beam Suntory’s Alberta Distillers site in western Canada. Scott Schilling, general manager and CMO of Prestige Beverage Group, said: “Windsor is a historic and beloved …
Family-owned business Remy Cointreau has announced the sale of its shares in the Passoa SAS joint venture to Lucas Bols for € 71.3 million ($86 million). The joint venture was established in December 2016 between Lucas Bols and Remy Cointreau to operate and further develop the Passoa passionfruit-flavoured liqueur brand in France and international markets. According to sources, Remy Cointreau was in charge of the distribution, manufacturing, trademark, and inventory of …
Snacks firm Kind has entered into an agreement to acquire snacking company Nature’s Bakery. Terms of the deal were not disclosed. According to a company press release, the deal will accelerate Kind’s vision to build the foremost health & wellness platform as a separate business within Mars. Founded in 2011, Nature’s Bakery is a family-owned company created on a promise to “always deliver better-for-you snacks that taste as good as they …
Unilever, the Anglo-Dutch consumer goods giant, has announced the completion of the unification of its group legal structure under a single parent company, Unilever plc. Founded in 1930, Unilever has been operating under two separated listed companies – a Dutch NV and a UK plc. With the unification, Unilever NV will merge into Unilever plc. “This is an important day for Unilever and we would like to thank our shareholders …
Cheese firm Bega has entered into an agreement to acquire Australian company Lion Dairy & Drinks for AUD 560 million (USD 412 million). The news follows the announcement that the previously-announced sale of the business unit to Mengniu would not proceed. Lion Dairy & Drinks’ core business is the manufacture, marketing, sales, and distribution of milk based beverages, yoghurt, chilled juices, cream and custards, and milk. It is also described …
Unilever, the multinational consumer goods giant, has entered into an agreement to acquire US-based vitamin, mineral, and supplement company SmartyPants Vitamins. Founded in 2011, SmartyPants Vitamins offers a range of supplements free from synthetic colour, artificial flavours, sweetener, and preservatives to support the wellbeing needs of children and adults, Unilever said. In particular, the company focuses on nutrients it says can be hard to get consistently from food, such as Omega …
Multinational food and drinks giant Nestle has announced the sale of its Yinlu peanut milk and canned rice porridge business in China to Food Wise, a company linked to the family of the Yinlu founder, for an undisclosed sum. The move will allow Nestle to focus on its key categories in China such as coffee, confectionery, infant nutrition, culinary, dairy, and petcare, the company said As part of the deal, …
McCormick, the US spice and seasoning firm, has entered into an agreement to acquire Cholula Hot Sauce from L Catterton for $800 million in cash. Cholula Hot Sauce is described as a premium hot sauce brand in six varieties of spicy Mexican flavours. It is claimed to be made using high-quality ingredients based on a 100-year old recipe comprising a blend of fresh peppers and regional spices. According to McCormick, the …
Prepared foods manufacturer Oscar Mayer has announced that it is acquiring the David Wood Foods’ factory in Flint, UK to produce meat alternative foods. Commenting on the move, Oscar Mayer chief executive Francois LeGrain said: “Although the Covid pandemic has changed consumer preferences with people having more time to cook from scratch at home, the meat-free alternative segment continues to enjoy significant growth and is strategically important to the Oscar Mayer …
Confectionery wholesaler B.A.Sweetie Candy Company has acquired Campbell’s Sweets Factory, a popcorn and sweets maker, according to a FoodBev report. According to sources, the Ohio- based wholesaler bought all the assets of Campbell’s Sweets Factory, which include the popcorn kitchen, bakery, and retail locations. The firm’s co-owners will become the managers of the new Sweeties Campbell’s Popcorn Company. Tom Scheiman, president of B.A.Sweetie Candy Company, said: “We’re proud to add the …
European private equity firm PAI Partners has announced the acquisition of the UK chilled food businesses Addo Food Group and Winterbotham Darby, as well as the Spanish fish solution company Angulas Aguinaga. Addo Food Group (Addo) is described as a chilled savoury pastry producer, while Winterbotham Darby supplies foods such as olives, antipasti, continental meats, brioche, and pasta. Meanwhile Angulas Aguinaga is described as a leader in modern fish and fish-based …
Brazilian manufacturer Grupo GSA has announced the acquisition of LA Food, a producer of snacks described as being made from “healthy” ingredients. Founded in Parana, Brazil in 2011, LA Food is predominantly a private label manufacturer, with customers including the pharmacy chain Nissei, as well Lojas Americanas, for whom it manufactures products under the Leven banner. In addition, it produces the Inspire line of soy, lentil, and multi-cereal crisps. According to sources, La Food’s products …
US-based retailer Walmart has announced that it has reached an agreement to sell its business in Argentina to Grupo de Narvaez. Walmart will not retain an equity stake, but will support the business through transition services and sourcing agreements under the new ownership, the company said. Grupo de Narvaez has retail operations in Argentina, Ecuador, and Uruguay. Judith McKenna, president and CEO of Walmart International, said: “We are very proud …
Global food manufacturer Kerry Group has entered into an agreement to acquire Bio-K Plus International, a Canada-based firm that develops, manufactures, and distributes “clinically supported” probiotic fermented beverages and supplements in the North American market. Kerry Group said the acquisition would expand its portfolio of products orientated to the growing proportion of consumers demanding functional foods, beverages, and supplements made with clinically supported functional ingredients. Neil Cracknell, President Kerry Applied Health & Nutrition, said: …
Leading frozen foods company Nomad Foods has entered into an agreement to acquire Findus Switzerland from Froneri, and intellectual property from an affiliate of Nestle, for approximately €110 million ($131 million). Findus is a leading frozen brand with a portfolio of products across categories such as fish, vegetables, and ready meals. The acquisition of Findus Switzerland will unify Nomad Foods’ ownership of the Findus brand across Europe, the company said. …
Consumer goods major Nestle has agreed to acquire a majority stake in Mindful Chef, a meal kit company, in a bid to strengthen its direct-to-consumer offering in the UK and Ireland. Founded in 2015, Mindful Chef delivers meals to households across the UK. Consumers can choose from 16 “specially curated” healthy recipes each week, which are described as being made from high quality and sustainably sourced ingredients. Mindful Chef CEO …
Snack producer Benestar Brands has acquired Miller Baking Company, the manufacturer of Pretzilla branded soft pretzel bites and buns, according to a report in Nutrition Investor. With the acquisition, Benestar Brands, a portfolio company of US-based private investment firm Highlander Partners, aims to continue growth by both driving new snack innovations and accelerating existing products. President and CEO of Highlander Partners Jeff L Hull commented: “We are seeking exciting, innovative …
US-based food manufacturer The Fillo Factory has acquired GeeFree Foods, a manufacturer of gluten-free frozen products, for an undisclosed sum. Founded in 2013, GeeFree Foods is known for its gluten-free pastry sheets. In 2017, GeeFree partnered with Procida Funding to expand distribution to over 5,000 retail stores across the US. The Fillo Factory produces and distributes appetizers, snacks, small-bites entrees, and desserts and is described as having over 30 years’ experience in …
Private equity firm TPG Growth has acquired a majority stake in SmartSweets, a Canadian sweets brand, for an undisclosed sum. SmartSweets manufactures a range of ‘better-for-you’ alternatives to traditional confectionery made with plant-based fibre. The sweets are said to contain between 87 and 92% less sugar than traditional sweets, as well as being free from artificial sweeteners, added sugar, and sugar alcohols. According to sources, SmartSweets doubled its sales last …
Leading alcoholic drinks firm Diageo has announced the acquisition of Chase Distillery, a firm specialising in products such as gin and potato vodka. According to Diageo, Chase Distillery has a portfolio of seven gins, four vodkas, and elderflower liqueur. The distillery has a focus on quality and sustainability, using British potatoes, apples, and botanicals from the Chase Farm, Diageo added. Dayalan Nayager, managing director, Diageo Great Britain, said: “We are …
European bottler Coca-Cola European Partners (CCEP), has made an offer to buy Australian Coca-Cola Amatil (CCA) for A$9.28 billion ($6.62 billion). According to sources, the Australian bottler is backing the offer, which prices the company below the market valuation that was made in February. CCA has reportedly seen a decrease in profit since March, due to the shutdown of restaurants and pubs. CCA chief executive Alison Watkins said: “We are really confident about …
US food firm JM Smucker has announced that it has reached an agreement to sell the Crisco oils and shortening business to B&G Foods. According to a company press release, the move is part of JM Smucker’s intent to exit the US baking category to focus on pet food, coffee, and snacking products. The sale includes Crisco’s oils and shortening products, the brand, certain trademarks, and licensing agreements, manufacturing and …
JCCoimbra Group, a leading Portuguese olive oil firm, has recently acquired Purcen’s Vianeza brand range of mayonnaise and sauces. JCCoimbra Group specializes in supplying olive oil and vegetable oil to both the consumer market and manufacturing industry. In a statement, JCCoimbra CEO Miguel Arouca said: “This is a strategic decision to allow us to achieve growth through diversification, essential for JCCoimbra to further cement its presence in the market. The addition of the brand [Vianeza] to …
Chinese e-commerce giant Alibaba has agreed to acquire a controlling stake in grocery retailer Sun Art from Auchan for approximately $3.6 billion. Alibaba acquired a 36% stake in Sun Art in 2017, and has now increased its holding to 72%. The move indicates “Alibaba’s commitment to Sun Art and its strategy to integrate online and offline resources in China’s retail sector”, the company said. With over 400 hypermarkets and supermarkets, Sun Art …
Swiss dairy firm Emmi has announced the acquisition of the US dessert business Indulge Desserts from AUA Private Equity for an undisclosed sum. Emmi has agreed to purchase an 87.7% stake in the company as part of its strategy to strengthen its dessert business in the US. Founded in 1993, Indulge Desserts is a manufacturer of American and international dessert specialties, which it manufactures in four facilities. Its portfolio includes …
Leading Danish brewer Carlsberg has announced that it has entered into an agreement to acquire Wernesgruner brewery from Bitburger Braugruppe. According to Carlsberg, Wernesgruner is one of the most traditional German beer brands and will give Carlsberg a better position in northern and eastern Germany. The addition of the Wernesgruner brewery to theCarlsberg network will improve efficiency and flexibility in production and logistics to its German business, the company added. …
Australian agribusiness firm SPC has announced the acquisition of a majority stake in The Kuisine Company, an Australian manufacturer of frozen ready meals and appetizers. The acquisition, which also includes wholly-owned brands such as The Good Meal Co, The Gluten Free Meal Co and, Simple Special, will allow SPC to expand as part of its strategy to become a global agribusiness, according to reports. SPC CEO Robert Giles said: “By …
CTH Invest, a Belgian holding company associated with Ferrero, has entered into an agreement to acquire part of Fox’s biscuit business from 2 Sister Food group for £246 million ($328 million), according to a FoodBev report. Fox’s Biscuits owns brands such as Rocky Bars, Party Rings, Crunch Creams, and also manufactures for private label companies. As part of the deal, CTH Invest will acquire Fox’s manufacturing facilities at Batley and Kirkham in …
Supermarket giant Walmart has entered into an agreement to sell UK grocery chain Asda to Issa Brothers and TDR Capital for £6.8 billion ($9.1 billion). The acquisition will return the chain to UK ownership following its acquisition by Walmart for £6.7 billion ($8.9 billion) in 1999. According to sources, the new owners joined together to acquire an equal ownership stake in Asda, and they intend to invest more than £1 billion ($1.3 billion) …
Finnish alcoholic drinks manufacturer and distributor Altia has announced that it has reached an agreement to acquire its Norwegian competitor Arcus, forming a combined company named Anora According to Altia, the combined business will form a leading wine and spirits brand house offering a portfolio of local, regional, and global brands. Altia’s current shareholders will own 53.3% of the combined company, whereas Arcus’s owners will hold a 46.5% stake. Commenting on …
Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto Alegre. Rede Polo, which has operated stores in Rio Grande Do Sul since 1998 under the banner …
Kraft Heinz, the leading US food and drink firm, has entered into an agreement to sell its natural, grated, cultured, and specialty cheese businesses to a US affiliate of French dairy giant Lactalis for $3.2 billion. The transaction, which is expected to be finished in the first half of 2021, includes Kraft Heinz’s natural, grated, cultured, and specialty cheese businesses in the US, grated cheese business in Canada, and the …
The Australian division of New Zealand dairy firm Fonterra has announced that it has signed an agreement to purchase cheese processing firm Dairy Country from food and beverage company Retail Food Group. According to a Fonterra press release, the acquisition will support the company’s core strengths in the Australian retail cheese category, since Fonterra holds a market share of 23%, with a portfolio that includes brands such as Perfect Italiano, …
Diversified food firm Verus International has announced the acquisition of nut butter company Eliot’s for an undisclosed sum. Founded in 2013 in Portland, Oregon, Eliot’s is described a an award-winning small-batch, flavoured nut butter producer. According to sources, the acquisition will allows Verus International to “gain an established product line, new customers, and expertise in online sales” and “provide an entry point into some specialty and healthier food categories to expand …
US-based household firm Kimberly-Clark has announced the acquisition of personal care manufacturer Softex Indonesia for $1.2 billion. Present in Indonesia since 1976, Softex is described as a producer of hygiene products for children, woman, and adults, with nappies being its most important category. According to Kimberly-Clark, the acquisition of Softex will allow the company to “boost its presence in the lucrative South East Asia market”. Mike Hsu, chairman and CEO of Kimberly-Clark, said: …
Scandinavian consumer goods giant Orkla has announced the acquisition of a majority stake in India spice exporter Eastern Condiments for an undisclosed sum. Founded in 1983, Eastern Condiments Private has seven production facilities, with a workforce of around 3,000. Orkla said it would use the acquisition to “grow its position as one of the leading branded food players in India” and “have a platform for further growth in the spice …
Unilever, the multinational consumer goods giant, has announced the acquisition of Liquid IV, a California-based drinks concentrate company. Liquid IV is described as a health-science nutrition and wellness company that produces electrolyte drink mixes called Hydration, Energy, and Sleep, distributed across the USA. The company uses cellular transportation technology to quickly deliver water and nutrients to the bloodstream, Unilever said. Brandin Cohen, founder and CEO of Liquid IV, said: “We …
Swedish ingredient group Bayn Europe has announced it has completed its acquisition of Tweek, a reduced-sugar candy manufacturer, for 45 million SEK (€4.23 million). Founded in 2016, Tweek is said to have become the market-leading company and brand in Sweden for sugar-reduced sweets, with a total market share of about 30%. Tweek is claimed to be one of the pioneers of fibre-based sweets, where sugar is replaced with fibre instead of …
Global retail giant Carrefour has announced the acquisition of 172 convenience stores and supermarkets from the Spanish retail chain Supersol. The French retailer operates 1,179 stores across Spain, recording net sales of €8.8 billion ($10.5 billion) in 2019 while the total net revenue of Supersol was €450 million ($537 million) last year. The stores involved in the transaction are located mainly in Andalusia and the Madrid region, and have an …
Kirin and Mengniu have announced that they will not complete their planned million transfer deal for tLion Dairy & Drinks, which was announced towards the end of 2019. The deal between the two companies had been awaiting approval from Australian competition regulators. Reuters noted that the announcement followed a media report last week that the deal might be in jeopardy after the approval of a foreign investment law in July. “This is an …
Canada-based cheese and butter producer Fromagerie L’Ancetre has announced the acquisition of Fromagerie Le Baluchon, a local cheese producer, for an undisclosed sum. Based in the Quebec region, Fromagerie Le Baluchon is a producer of organic cheese, said to be most well-known for its fine cheese Baluchon. The acquisition will reportedly allow L’Ancetre to diversify its production and maintain its leadership position in Canada, as well as in the manufacture …
Sporting goods firm United Sports Brands has announced the acquisition of Glukos Energy, a manufacturer of energy supplements. Glukos Energy provides the “ultimate source of natural energy” for athletes, offering a range of high-glucose such as drinks, gels, and chewable tablets, reportedly allowing its consumers to achieve high levels of performance. Michael Magerman, president and CEO of United Sports Brands said: “We believe that Glukos’ commitment to delivering clean, fast and …
A consortium led by Flexis Capital has announced the acquisition of Waterloo Sparkling Water for an undisclosed sum. Founded in 2017, Waterloo Sparkling Water is a producer of fruit-flavoured carbonated waters that are free from sugar, calories, and artificial sweeteners. The private equity consortium is formed by Moore Strategic Ventures, Eurazeo, JW Levin Management Partners and Waterloo Capital’s investors. According to sources, the new capital will be used to “grow …
Diageo, the leading alcoholic drinks firm, has announced the acquisition of gin brand Aviation American Gin, and its owner Davos Brands, for $610 million. The acquisition also add brands such as Astral tequila, Sombra mezcal, and TYKU sake to the Diageo portfolio. The acquisition supports the participation of Diageo in the super premium gin sector in the United States in line with its strategy to acquire high growth brands with attractive margins …
Independent UK food and drink wholesaler Bestway has announced the sale of 37 outlets across the country, in line with its strategy of reducing its overall store footprint, according to a Kam City report. Dawood Pervez, managing director of Bestway Wholesale, said: “We remain committed to corporate stores and would still be operating c.140 stores further to 37 stores changing ownership. We do expect a large number of these stores …
US retailer 7-Eleven has announced the acquisition of 3,900 Speedway stores from Marathon Petroleum Corp for $21 billion. Located in 35 states across the US, Speedway is one of the biggest convenience and petrol station retailers in the country, with approximately 40,000 employees. With the acquisition, 7-Eleven will increase its store network to 14,000 across the United States and Canada. Joe DePinto, president and CEO of 7‑Eleven, said: “This acquisition …
Cosmetic giant Edgewell has announced the acquisition of Cremo, a Men’s grooming company for US$235 million. Founded in 2005, Cremo is one the fastest growing men’s grooming brands in the U.S., offering a full range of care products for the beard, skin, hair, and body. The transaction is part of the Edgewell strategy to acquire selective fast-growing and profitable brands such as Schick and Wilkinson Sword to increase its presence …
Danish food company Hanegal has announced the acquisition of Fairdig, a plant-based ready-meals producer for an undisclosed sum. Based in Ega, Denmark, Fairdig produces frozen ready-meals inspired in world cuisine flavours such as Indian, Italian, Mexican, and Moroccan. This acquisition follows Hanegal plan to have “85% of its products aligned with the plant-based category by 2030”. Cees Kuypers, co-owner of Hanegal, said: “The acquisition is strategically important to us as …
Spanish pasta manufacturer, Pastas Gallo, has announced the acquisition of Ta-Tung, a producer of Asian fresh ready-meals for an undisclosed sum. Founded in 1980, Ta-Tung produces ready-meals inspired by cookery from Asian countries such as Japan, India, China, Thailand, and Cambodia. As part of the internalization plan of the company, Ta-Tung has recently entered the Italian, French and Portuguese markets. The company, according to sources, has a turnover of €15 …
American private equity firm Acon has announced the acquisition of Alsur, a Spanish-based producer and distributor of preserved and canned vegetables. Founded by the Jimenez family in 1988, Alsur has production and packaging facilities in Spain, and Peru to serve the US market. The company has its own brand producing also private label products. According to sources, with this acquisition, Acon intends to “focus on expanding Alsur’s geographic footprint in …
Italian private-equity firm Aksia has announced the acquisition of a majority stake at Valpizza, a local pizza maker for an undisclosed sum. Founded in 1992 in Valsamoggia, Valpizza is a producer of frozen pizza and pizza bases with a production facility of 7,400 sq ft. According to sources, the company had a turnover of €20 million last year, producing around 30 million items. Marco Rayneri, managing partner of Aksia, said: …
Snack food manufacturer TruFood has announced the acquisition of Simply Natural Foods for an undisclosed sum. With 200 employees, Simply Natural Foods is a producer of nutrition and better-for-you products, such as chocolate, nutritional bars, and peanut butter cups. Pete Tsudis, CEO of TruFood, said: “The combination of TruFood and Simply Natural Foods allows us to leverage the success Simply Natural Foods has established in the better-for-you snacking segment and …
German household and personal care giant Henkel has announced the acquisition of 75% stake of Invincible Brands Holding for an undisclosed sum. Founded in 2015, Invincible Brands Holding is a platform of direct-to-consumer (D2C) beauty brands, distributed all across Europe. This deal will involve three major brands: HelloBody, Banana Beauty, and Mermaid+Me producers of premium beauty care products that support clean beauty and sustainability. Carsten Knobel, Henkel CEO, said: “As …
Beverage USA Holdings has announced the acquisition of Nerd, a Texas-based mental acuity beverage company for an undisclosed sum. Founded in 2006, Nerd is a beverage producer focus on concentration, memory and energy drinks, made with nootropics and performance-boosting nutrients such as lpha-GPC, Huperzine-A, GABA, DMAE, and Ginkgo Biloba, to help mental acuity. Howard Davner, President of Beverage USA Holdings, said: “We knew Nerd Focus was truly something special after …
Family-owned wine importer Quintessential has announced the acquisition of US-produced wine portfolio of Accolade Wines for an undisclosed sum. With this deal, Quintessential will acquire the production, global sales, and marketing of four wine brands: Geyser Peak, Atlas Peak, Outlot and, XYZin. According to sources, this sale follows Accolade Wines’ strategy of “focus on building core international brands and markets”. Dennis Kreps, co-owner of Quintessential, said: “It is an honour …
UK distributor of food and drink, Euro Food Brands, has announced the acquisition of The Food Doctor brand from William Jackson Food Group. The Food Doctor is a snack brand founded in 1999 which produces healthy foods such as bagels, wraps, pitta bread, and nut snacks, made of wholesome ingredients, according to sources. The new acquisition will be part of the Euro Food Brands’ portfolio joining brands like Campbell’s Soup, …
Canadian meat firm Maple Leaf Food has announced the sale of its poultry plant in Drummondville, Quebec to Giannone Poultry. Founded in 1989, Giannone Poultry is a family business specialising in poultry slaughtering and cutting. The company’s products are distributed in Canada and the United States. According to sources, Maple Leaf Food will continue to maintain its fresh chicken supply over the next three years. This acquisition will allow Giannone …
US holding company HumanCo has announced the acquisition of majority stake at Coconut Bliss, a plant-based ice cream producer for an undisclosed sum. Founded in 2005, Coconut Bliss is an Oregon-based company dedicated to manufacturing dairy-free, vegan and organic ice cream pints, bars and sandwiches. According to sources, both companies intend to grow Coconut Bliss into “a globally recognised brand”. Jason H. Karp, founder and CEO of HumanCo, said: “HumanCo …
Food company Vibrant Foods has announced the acquisition of Cofresh Snack Foods, a UK-based producer of healthy Indian snacks for an undisclosed sum. Founded in 1974, Cofresh Snack Foods owns two main brands, Cofresh and, Eat Real, and according to sources, the company’s retail sales stood at around £75 million last year. This acquisition follows Vibrant Foods plan to “consolidate the apparent growing ethnic foods and healthy snacking market”. Rohit …
Nestle Waters, a subsidiary of multinational giant Nestle, has announced the sale of its Canadian bottled water business Pure Life to Ice River Springs for an undisclosed sum. Ice River Springs is a Canadian family-owned private label bottled water manufacturer and producer of the Ice River Green brand. According to sources, this acquisition “fulfils a strategic ambition of Ice River Springs to expand the company’s offering in Canada beyond private …
Bell Food Group, the Swiss meat processor and convenience food specialist, has announced the sale of two production plants in France and Hungary. The production facility based in France, with 70 employees, will be sold to Isla Delice, a French halal meat supplier while the Hungarian charcuterie facility will be acquired by the retailer Spar Hungary. The transactions are part of the company strategy to restructuring its international charcuterie business, …
Swedish leader in organic and health foods and self-care Midsona has announced the acquisition of the sports nutrition brand Gainomax from the dairy cooperative Norrmejerier, for SEK60 million (£5.2 million). Gainomax is one of the most-known sports nutrition brands of functional and exercise recovery products in Sweden with sales of approximately SEK80 million (£6.97 million) in 2019. Norrmejerier, a dairy cooperative owned by 422 local farmers, said that this sale …
The eSports company Faze Clan has announced the acquisition of a majority stake in meal replacement CRTL, a start-up for an undisclosed sum. According to CTRL, the company produces a line of powdered meal replacements shakes containing proteins, carbohydrates, fibres, healthy fats, vitamins and minerals, and other elements to boost healthy digestion. Skyler Johnson, co-founder of CTRL, commented: “Faze Clan is the ultimate embodiment of esports as a lifestyle brand, …
Sanpellegrino Group, a Nestle subsidiary, has announced the sale of Nestle Vera water brand to Acqua Vera Spa for an undisclosed sum. Founded in 1979 and acquired by Nestle in 2005, Acqua Vera holds approximately 6% of the Italian bottled water share market, registering an annual turnover of €80 million last year, according to sources. In addition to the Nestle Vera brand, the deal includes the bottling facilities in Santo …
British retailer Tesco has announced the sale of its business in Poland to Danish retailer Salling Group, for PLN 900 million (£181 million). This sale follows Tesco’s strategy of withdrawal some of its global positions, similar to the sale of its business in Thailand and Malaysia in March, to focus on its strongest markets. According to sources, the transaction will include the sale of 301 stores, as well as the …
Brand collective LiveKindly Co. has announced the acquisition of the Swedish plant-based meat brand Oumph for an undisclosed sum. Founded in 2015 by Food for Progress company, Oumph is a brand of meatless products and meals with a strong emphasis on the climate impact. According to sources, this acquisition will allow LiveKindly to become “one of the world’s largest plant-based food companies at scale and at speed,” accelerating product innovation …
Orkla, the Scandinavian consumer goods giant, has announced the sale of Vestlandslefsa, its potato flatbread brand to Baxt Lierne a Norwegian bakery company subsidiary of Skagerrak-Holding AS. According to sources, this sale is part of Orkla’s plans to restructure its portfolio and focus on its pizza production at its factory in Stranda, Norway. In addition to the Vestlandslefsa brand, the deal includes recipes, production equipment, and the Li-Klenning trademark. Paul …
Nestle Health Science has announced the acquisition of majority skate in Vital Proteins, a producer of supplements, vitamin, food, and beverage products. Founded in 2013, Vital Proteins brand portfolio’s includes Atrium Innovations, Garden of Life, Pure Encapsulations, and Persona, distributed across 35,000 retailers. Greg Behar, CEO of Nestle Health Science, said: “This is an exciting opportunity for Nestle Health Science to enter a growing area of nutrition with a successful …
Indofood CBP, an Indonesian-based noodle company, has announced its plan to acquire Pinehill Group, an instant noodle producer for $3 billion. With a production of 10 billion packs in its 12 facilities, Pinehill Group sells instant noodles to countries like Serbia, Ghana, Morocco, Egypt, Turkey, Saudi Arabia, Kenya, and Nigeria. According to sources, Indofood CBP expects “to gain a strategic position in Pinehill’s markets, where halal products are the primary …
Multinational food and drinks giant Nestle, has announced the sale of its pasta brand Buitoni to private equity firm Brynwood Partners for an undisclosed sum. The acquisition includes the rights of the brand to sell in the US, Canada, and Caribbean territories along with a 240,000 square foot processing facility located in Virginia. Henk Hartong III, chairman and CEO of Brynwood Partners, said: “We are thrilled to add the famous …
Spanish-based perfume and fashion company Puig has announced the acquisition of a majority stake in makeup brand Charlotte Tilbury. Launched in 2013 by Charlotte Tilbury itself, the British-based brand creates and develops luxury makeup and skincare products. Charlotte will continue as chairman, president, and Chief Creative Officer of the company. According to the company press release, this acquisition “will add an established and rapidly growing makeup and skincare brand to …
AB InBev, the giant brewer, has completed the sale of Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group for approximately $11 billion. With this acquisition, Asahi Group will have the rights to commercialise AB InBev’s international brands in Australia. According to sources, the proceeds from this deal will be used to pay down AB InBev’s debt. Carlos Brito, CEO of AB InBev, said: “Despite the challenging environment, …
Orkla, the Scandinavian consumer goods giant, has announced the acquisition of Havrefras Brand, a breakfast cereal brand from PepsiCo, for an undisclosed sum. Created in 1959, Havrefras brand has been part of PepsiCo’s portfolio since the acquisition of The Quaker Oats Company in 2001. According to sources, this acquisition is in line with Orkla’s strategy of further developing a portfolio with a strong health profile. The deal will not include …
Kennemervis Groep, Netherlands-based fish processing company, has announced the acquisition of Bobeldijk Food Group, for an undisclosed sum. Based in Netherlands, Bobeldijk Food Group is a manufacturer of vegetarian and vegan products, owner of the plant-based meat alternatives brand Vegafit. According to sources, the acquisition will support the growth of Bobeldijk Food Group’s presence in the plant-based product market. Eugene Scholten, CEO of Kennemervis Groep said: “We see around us …
SCB Global Java, a holding company specialised on investments in the coffee market, has announced the acquisition of White Tale Coffee, for an undisclosed sum. Based in Denver, Colorado, White Tale Coffee is a premium artisanal coffee brand, that supplies its products through an e-commerce subscription platform. This deal is the third investment by SCB Global Java, after the acquisitions of Caribbean Coffee Company and Bona Fide Nitro Coffee & …
Cocoa processor Barry Callebaut Group has announced the acquisition of GKC Foods, a chocolate producer, for an undisclosed sum. Based in Melbourne, GKC Foods is a privately-owned B2B chocolate manufacturer, specialised in high-quality chocolate and chocolate related products. According to sources, this acquisition allows Barry Callebaut Group to establish a direct presence and manufacturing capacity in Australia, expanding its position on the Australian and New Zealand markets. Ben De Schryver, …
Carlsberg, the Danish beer giant, has announced a 60:40 joint venture in the UK with Marston’s with a combined value of £780 million. With the deal Carlsberg will become the controlling shareholder owning a 60% stake in the joint venture. The new company, Carlsberg Marston’s Brewing Company will have a strong portfolio from both companies of international, national, and regional beers. Cees’t Hart, CEO of Carlsberg commented on the deal: …
Indian company, Tata Consumer has announced the acquisition of PepsiCo’s stake in NourishCo Beverages for an undisclosed sum. Created in 2010 by the two companies, NourishCo Beverages is a 50:50 joint venture, focused on the healthy hydration market in India. According to sources, this deal allows Tata Consumer to widen its portfolio in the food and beverages space as well as strengthen its position on that Indian market. Sunil D’Souza, …
Spanish company, Dacsa Group has completed the acquisition of the 100% company stake of Dacsa Atlantic, in which, had been 50% shareholder. Previously called Atlantic Meals, Dacsa Atlantic is one of the leading Portuguese companies on the rice and maize market, specialised on drying, storage, processing and commercialisation of these products for the food and brewery industry as well as, large distributions chains with rice brands such as Ceifeira, Atlantic, …
Dean Foods, the food and beverages company, has announced the sale of Uncle Matt’s Organic Brand to Harmoni. Founded in 1999 by Matt McLean and sold in 2017 to Dean Foods, the juice brand Uncle Matt’s Organic is now being sold to a company created by its founder as well as a team of investors. “If you told me three years ago after selling to a publicly-traded, multi-billion-dollar CPG leader …
The global beauty company Coty has announced the sale of the majority stake of its Professional Beauty and Retail Hair Businesses for $4.3 billion to global investment firm KKR. Owner of brands such as Clairol, OPI, ghd, and Wella, Coty is one of the biggest beauty companies making cosmetics, skincare, fragrances, and hair colour products worldwide. According to sources, the deal will be crucial to consolidate Coty’s balance sheet and …
Italian meat processor Costa Foods Group has acquired 50% stake of Aviserrano Group, entering the poultry sector. Based in Spain, Aviserrano Group is one of the national leading players of fresh and processed chicken and turkey meat with a turnover of €315 million and almost 1,800 employees. The Group is owned by several companies such as Avinatur, Jovi Serrano, Paviso Alimentacion, and Serrano Protein. Alfonso Serrano, CEO of Aviserrano Group, …
Panapesca, an Italian seafood processor, has announced the acquisition of 65% stake of Italian ready-to-eat company Il Faro Quality Fish, for an undisclosed sum. According to sources, this deal is part of Panapesca’s industrial development plan, to enter on the ready-to-eat market segment and consolidate its presence in the northeast of Italy. Fabrizio Paesini, CEO of Panapesca, commented: “We had been focused for some time on the acquisition of a …
US-based condiments manufacturer Sauer Brands has announced the acquisition of Chicago Custom Foods from private investment firm Highlander Partners for an undisclosed sum. Founded two decades ago, Chicago Custom Foods is a producer of branded seasonings whose portfolio includes Kernel Season and Tasty Shake. Jeff Partridge, Chicago Custom Foods chairman and a Highlander managing director said: “Jason and his team have done an exemplary job. The speed of innovation and …
US-based pasta company, Philadelphia Macaron, has announced the acquisition of A. Zerengas’s Sons, for an undisclosed sum. Having opened its first factory in 1848 by Antoine Zerega, A. Zerega’s Sons is a producer of dry pasta for the foodservice channels, industrial ingredient, and retail. With this deal, A. Zerega’s Sons will be wholly owned by Philadelphia Macaroni including the manufacture and distribution facilities in Fair Lawn, New Jersey, and Lee’s …
Sonoma Brands, a California-based private equity investor has announced the acquisition of Krave Pure Foods brand from The Hershey Company for an undisclosed amount. Dedicated to the production of protein snacks, Krave Pure Foods portfolio includes Krave Meat Cuts, Krave Pork Rinds, and most recently, Krave Plant-Based Jerky. According to sources, the company expects to accelerate innovation at the company, through the acquisition. Hector de la Barreda, president at Hershey’s-owned …
Tobacco enterprise Imperial Brands has announced the sale of its worldwide premium cigar business to investment consortia of individual investors for €1,225 million. This deal will include the sale of hand-rolled Cuban cigars brands Cohiba and Montecristo, as well as 50% stake Cuba’s official exporter Habanos. According to sources, this disposal reinforces the company’s focus on simplifying its business, allowing the company to pay its debt. Joint Interim Chief Executives …
Sealaska has announced the acquisition of a minority stake in Barnacle Foods for an undisclosed sum. Based in Juneau, Alaska, Barnacle Foods claims to be the first manufacturer of food products such as salsas, hot sauces, pickles, jams, and jellies from bull kelp and other Alaska-grown, harvested and foraged ingredients. Sealaska President and CEO Anthony Mallott said: “Barnacle fits with who we are. Our shared values make this much more …
Kofola, a Czech-based beverage company, has announced the acquisition of two mineral water brands, Karlovarska Korunní and Ondrasovka for an undisclosed sum. This deal happens after the approval of the Czech Office for the Protection of Competition. Both Karlovarska Korunni and Ondrasovka are mineral water brands with a rich history and tradition in the Czech Republic, and according to Kofola this acquisition will strengthen its position in the category of …
Brazilian cheese manufacture Ultracheese, owned by the private equity fund Aqua Capital, has announced the acquisition of Bufalo Dourado for an undisclosed sum. Based in Sao Paulo, Bufalo Dourado is a producer of premium cheese and other dairy products made from buffalo milk. According to sources, this acquisition follows the plan of Ultracheese, to become one of the most diversified cheese makers in Brazil. Enrico Zito, chairman of Ultracheese said: …
The Singaporean agri-food company Japfa, has announced the sale of 25% stake of AustAsia Investment Holding to the Japan-based group Meiji, for US$ 254.4 million. Dedicated to the production of milk, yoghurt, ice cream and confectionery, Meiji business has been registered a steady expansion due to the growing demand for chilled milk and the rise of health-conscious consumers. AustAsia is a dairy farming business, operating seven farms in China with …
The American-based private equity firm Entrepreneurial Equity Partners (“e2p”) has announced the merge between Kronos Foods, one of its portfolio companies and Grecian Delight Foods for an undisclosed sum. Founded in 1974, Grecian Delight Foods is a manufacturer of Greek and Mediterranean inspired cuisine, producing authentic gyros and specialty meats, pitas and flatbreads, hummus and plant-based proteins, distributed across the US. Mark Burgett, e2p managing partner, said: “This merger will …
Unilever, the Anglo-Dutch consumer goods giant, has announced the completion of the merge between GSK Consumer Healthcare (GSK India) and its Indian Affiliate, Hindustan Unilever Limited (HUL). The deal, previously announced in December 2018, was subject to legal and regulatory approvals, which are now secured. In addition to this merge, HUL will acquire the Horlicks Brand in India to GSK for $404.59 million. Brian McNamara, CEO of GSK Consumer Healthcare, …
Nurture Brands, a UK-based food company, has announced the acquisition of the healthy snack bar brand The Primal Pantry, for an undisclosed sum. Founded in 2019 following the merge between Ape and Emily, Nurture Brands is a plant-based snacking and beverage group. According to sources, the acquisition of The Primal Pantry is part of Nurture Brand’s plan to become the UK’s fastest-growing plant-based snacking and beverage business. Ben Arbib, founder …
Grays Peak Capital, a private-equity firm, has announced the acquisition of Nosh Foods, a US-based organic baby food manufacturer for an undisclosed sum. Founded in 2016, Nosh Foods is a Los Angeles based producer of easy-to-eat and organic baby and toddler food. Jason Becker, CEO of Nosh Foods, said: “We expect this transaction to accelerate our expansion of Nosh Foods in North America and our initiatives internationally. Grays Peak will …
Pernod Ricard, the French producer of wines and spirits, has announced the acquisition of the remaining stake of the German gin brand Monkey 47 for an undisclosed sum. The deal was concluded after Pernod acquired a majority stake in the brand in 2016. Created in 2008 by The Black Forest Distillers, Monkey 47 is a gin produced with 47 plant ingredients such as spruce tips, lingonberries, elderflower, sloes, and blackberry leaves. …
Dairy Farmers of America (DFA) has announced that the previously-announced $425 million deal to purchase the Dean Foods business and assets will not go forward.. Dean Foods, the troubled US dairy company, has filed for bankruptcy back in November, after financial difficulties. Subsequently, DFA proposed a deal to acquire 44 facilities and a substantial portion of its inventory, equipment and other assets. DFA executive vice president Monica Massey said: “Dean Foods …
Coles, the leading Australian retailer, has announced the acquisition of Jewel Fine Foods, following approval from the Australian Competition and Consumer Commission (ACCC). Based in New South Wales, Australia, Jewel Fine Foods started in 1997 as a restaurant. Today, it is one of the largest manufacturers of chilled meals in Australia, supplying private and branded label products to Aldi, Costco, Woolworths, and Metcash. After a potential merger between Jewel Fine …
Italian food group Newlat has announced that it intends to buy a majority stake in Centrale del Latte d’Italia, an Italian-based dairy group. With revenue of €180 million ($ 193 million) last year, Centrale del Latte d’Italia is a producer of milk, yogurt, cream and cheese as well as fresh vegetables, pasta, cured meats, and desserts. Besides Europe, the company exports to China, Hong Kong, Macao, the United Arab Emirates, Saudi …
Mondias Natural Products, a Canadian-based company specialised in natural health products, has announced the acquisition of Erablier for an enterprise value of C$1 million ($690,000). Based in Quebec, Canada, Erablier is a producer of organic maple water, obtained from sugar extracted from maple tree sap. According to Mondias Natural Products, the acquisition will expand its portfolio and further deliver on its vision to offer consumers “healthy and nutritious experiences”. Patrick …
French-based retailer Casino Group has announced the agreement to sell 567 Leader Price stores and 3 warehouses to Aldi in France for an enterprise value of €735 million ($787 million). The sale is said to be in line with Casino Group’s strategy to reduce debt and improve its financial situation, reportedly amid fierce competition between French domestic retailers. According to the company, the agreement will see the transferred Leader Price …
PZ Cussons, a leading consumer products group, has announced the sale of its Polish care brand Luksja and its plans to sell its Nigerian dairy business Nutricima. The Greek personal care company, Sarantis Group, was the buyer of Luksja. The group will also distribute some PZ Cussons brands in Central and Eastern Europe. Nutricima is planned to be sold to an affiliate of Royal FrieslandCampina in the Netherlands, where the …
Puration, the US-based CBD infused products company, has announced the acquisition of Kaly’s Hemp4mula CBD Confections business for an undisclosed sum. Focused on the development of a CBD formulation that can treat symptoms associated with chronic obstructive pulmonary disease and other similar respiratory conditions, Kaly is said to have patented a CBD extract that provides anti-inflammatory responses in vitro. Hemp4mula CBD Confections is an operation own by Kaly, dedicated to …
Bel Group, the multinational cheese firm, has announced the acquisition of the French start-up All In Foods for an undisclosed sum. Founded in 2013, All in Food is a family business which develops and produces plant-based cheese and sauce alternatives and is the owner of Nature & Moi brand. According to Bel Group, this acquisition is in line with its strategy to expand the company’s activities beyond cheese products and …
PepsiCo, the US based drinks and snacks giant, has announced the acquisition of Rockstar Energy Beverages for $3.85 billion. Founded in 2001, Rockstar Energy Beveragesproduces beverages that are designed for those who lead active lifestyles, offering over 30 flavours at convenience and grocery stores in more than 30 countries. Through the deal, PepsiCo is aiming to cement its presence in the fast-growing drink energy category, adding Rockstar to its portfolio …
Tesco, the UK-based multinational supermarket chain, has announced its intention to sell its business in Malaysia and Thailand to a conglomerate of Charoen Pokphand Group entities, in a deal valued at $10.6 billion. According to sources, the decision has been taken to simplify the Tesco group, enabling a stronger focus on its retail business in the UK, Ireland and Central Europe where the supermarket chain has over 4,500 outlets ranging …
ProviCo, an Australian-based animal nutrition company, has announced the acquisition of the Dennington milk processing plant to Fonterra Australia. Described as one of the leading companies in animal nutrition in the country, ProviCo is a manufacturer of feed and vitamin fortified products for farm animals. According to sources, since the announcement of the factory closure back in May, Fonterra has been looking for a potential buyer for the Dennington factory …
Brothers Desserts, a US company behind brands such as Natural Choice, Absolute Fruit Sorbet and Brothers Ice Cream, has announced the acquisition of Schoep’s Ice Cream, a family owned ice cream company, for an undisclosed sum. Founded in 1928 , Schoep’s Ice Cream started on the back of a Wisconsin grocery store. Today, the company produces over than 12 million gallons of ice cream annually, available across theUnited States. “We …
Danone, the food and drinks multinational, has announced the acquisition of a majority stake in Harrogate Water, a UK-based bottled water company, for an undisclosed sum. Owned by the Cain family, Harrogate Water has a history dating back to 1740 s and abstracts water from an underground aquifer below the Harrogate Pinewoods. The company reported turnover of £21.6 million ($27.8 million) for the year ending 31st March 2019. Commenting on …
PepsiCo, the US multinational food and beverage maker, has announced the acquisition of snack brand Be & Cheery from the Chinese company Haoxiangni Health Food for $705 million. Founded in 2003 and headquartered in Hangzhou, Be & Cheery is one of the largest online snacks companies in China and reported revenues of approximately 5 billion RMB ($710 million) in 2019. It is said to have product offerings across nuts, dried …
B&G Foods, the US company behind brands such as Back to Nature, Green Giant and Cream of Wheat, has announced the acquisition of Farmwise, a Massachusetts-based producer of vegan and plant-based products, for an undisclosed sum. Founded by a husband and wife team, Farmwise makes vegetable-enhanced versions of traditional frozen potato products and vegetable-based alternatives to chicken nuggets, as well as vegetarian appetisers. Retailed across the USA, the products are …
The Good Bean, a California, US based maker of organic chickpea snacks, has acquired rival snack firm Beanitos, according to a report in NOSH.com The terms of the deal, which were not wholly disclosed, will reportly seen Good Bean take over Beanitos assets, including its products, recipes, branding and retailer relationships, without assuming any responsibility for the company’s debt. Beanitos’ existing investors are also reported to have injected more capital into the …
Unilever, the FMCG multinational, is considering the sale of its tea division in light of declining sales. Speaking during a conference call to announce the firm’s Q4 results, Unilever CEO Alan Jope described the firm’s tea business, which includes the PG Tips and Lipton brands, as being “more mature […], consolidated […] and structurally slower growing”, and said the future of the business would now be the subject of a strategic review. …
Keurig Dr Pepper, the soft drinks and coffee firm, has acquired the caffeinated sparkling water brand Limitless for an undisclosed sum, according to a BevNET report. Founded in Chicago in 2016, Limitless produces calorie-free, sparkling water containing 35mg of caffeine per 12oz can. Reportedly inspired by “a passion for finding the cleanest caffeine possible”, the line comes in a choice of Watermelon, Ginger Mint, Cucumber Pear, Blood Orange, Lemon Lime and …
Quinoa Corporation, a business trading as Ancient Harvest, has acquired US gluten-free peer Pamela’s, according to a statement from the former’s private equity investor Encore Consumer Capital. The deal, described as combining “two heritage gluten-free pioneers”, “more than doubles the business under Quinoa Corporation’s management, strengthens its ability to expand its retail footprint, and combines the gluten-free formulation expertise and supplier networks of both brands to facilitate new product development”, Encore …
A factory in Rancho Cucamonga, CA, USA that manufactured products under the Golden Island Jerky brand is set to close following the sale of the company to meat snacks firm Jack Links, according to a report in the Orange County Register. The decision to close the factory was announced in December, and Jack Links has now confirmed it intends to absorb production of Golden Island Jerky into its four existing factories elsewhere …
Bimbo, the Mexican bakery giant, has acquired the Lender’s Bagels business from US food firm Conagra Brands via its subsidiary Bimbo Bakeries USA. Announcing the divestment in a press release, Conagra Brands said the transaction included the Lender’s brand and related intellectual property, as well as a production facility in Mattoon, IL, and inventory. Founded in 1927, Lender’s Bagels offers refrigerated bagels in Blueberry, Cinnamon Raisin Swirl, Egg, French Toast, Onion, …
PepsiCo, the US-based snack foods firm, has taken a significant stake in the Ethiopian crisp firm Senselet. Veris Investments, the private equity fund which founded Senselet in 2015, said it would continue to maintain a minority interest in the firm and would partner with PepsiCo to further grow the business and develop potato sourcing programmes in Ethiopia. Distributed in Addis Ababa and other large Ethiopian cities, Senselet’s flagship Sun Chips …
Riedel, the leader in the Netherlands for fruit drinks, is acquiring Healthy People, a local juice and snack maker, for an undisclosed sum, according to a Levensmiddelenkrant report. Founded in 2006, Healthy People is described as being the first company in the Netherlands to introduce a “superfruit” pomegranate juice. Its other products include fruit juices, coconut water, kefir, drinks for infants, smoothies, and dried fruit snacks. The deal agreed for Healthy People …
Coca-Cola, the soft drinks giant, has announced it has taken full control of the Fairlife dairy brand after agreeing a deal for the remaining 57.5% stake in the business from its joint venture partner Select Milk Producers. Fairlife came to prominence in 2014, when Coca-Cola announced it was entering the dairy sector with a new premium brand of ultra-filtered milk. Outlining the rationale for the move, Coca-Cola claimed that value-added dairy products had been growing …
Utz Quality Foods (Utz), the US snack firm, has announced it has acquired Illinois-based crisp maker Kitchen Cooked for an undisclosed sum. Headquartered in Farmington, IL, Kitchen Cooked is described as a leading manufacturer and distributor of snack foods serving central Illinois and eastern Iowa. Starting in the 1930s by manufacturing crisps, Kitchen Cooked has more recently expanded its product line to include extruded snacks, popcorn, pretzels, tortilla chips and pork scratchings. …
Bunge, the leading agri-commodities business, has announced it has reached a deal to sell its margarine and mayonnaise assets in Brazil to JBS subsidiary Seara Alimentos, which primarily markets meat products, in a deal worth around R$700 million ($174 million). The transaction includes three production plants in Gaspar (SC), Sao Paulo (SP) and Suape (PE), as well as the retail brands Delicia and Primor, and the foodservice brand Gradina. “The transaction is in …
Jacob’s Douwe Egberts, the leading coffee firm (formed from the merger of the Mondelez International and D.E Master Blenders 1753 businesses in 2014), and US speciality coffee firm Peet’s Coffee, are to be merged ahead of a potential IPO of the combined business in 2020. The exploration of an IPO is said to be a key milestone in the partnership between Acorn Holdings (which includes JAB, the controlling shareholder in both …
Multinational food and drinks giant Nestle has announced it is to sell a 60% stake in its Herta division to Casa Taradellas, an Italian meat and pizza firm, in a move that will see the two firms establish a new joint venture. The deal includes Herta charcuterie available in six European countries, as well as the Herta dough business in France and Belgium. Nestle said it would retain and develop its existing …
Froneri, the UK-based ice cream firm, has announced it is expanding into North America with the acquisition of the Nestle USA ice cream business for $4 billion. The deal would move Froneri “towards global leadership” in the ice cream category, the company said. The Nestle US ice cream brand portfolio includes Dreyer’s, Haagen-Daaz, Outshine, Skinny Cow, Edy’s, and Drumstick, in addition to the Nestle brand itself. The business unit employs …
AB InBev subsidiary Carlton & United Breweries has announced the acquisition of Balter Brewing, a craft brewer based in Gold Coast, Australia, for an undisclosed sum. Balter Brewing, which brews a range of pale ales and lagers, is said to have witnessed strong growth since launching in 2016. The company said the the deal would help it achieve its sustainability goals, as well as allowing it to upgrade capacity and hospitality at its …
Kroger, the leading US grocery retailer, has announced it has divested its stake in Lucky’s Market, a Colorado-based chain of food stores specializing in organic products. The disposal comes less than four years after the two firms announced a “strategic partnership”, with Kroger making a “meaningful investment” that was designed to increase Lucky’s Market’s store footprint. The sale of the stake reportedly resulted in Kroger being hit with a $238 million impairment …
Bauli, the Italian bakery firm, is expanding into the sports nutrition market with the acquisition of a majority stake in Slovakian supplement firm MaxSport, according to a report in Startitup. MaxSport, which markets products such as pasta, protein shakes, nut butter, protein snacks and snack bars in the Czech Republic, Slovakia and over 30 other countries, reportedly does not have its own manufacturing facilities but relies on third party producers. Its …
PepsiCo, the leading food and drinks multinational, has announced it has entered a definitive agreement to acquire BFY Brands, the makers of the PopCorners snack line, for an undisclosed sum. The firm said the addition of BFY Brands would expand Frito-Lay’s snacking portfolio and “further deliver on its Winning with Purpose vision to offer consumers more positive nutritious options”. PopCorners is descirbed as a high growth, better-for-you popped corn snack sold in …
Hostess Brands, the US bakery firm, has announced it has acquired Voortman Cookies, a “rapidly growing” manufacturer of wafers, sugar-free and specialty biscuits, from Swander Pace Capital for approximately $320 million. Founded in 1951 and headquartered in Burlington, Canada, Voortman Cookies is described as the number one player in creme wafers and sugar free cookies, with distribution across the USA and Canada. Hostess Brands said the acquisition would enable it to enter …
Lion Australia, the Kirin-owned Australian food and drinks manufacturer, has announced it has reached an agreement to sell its Dairy & Drinks business to Chinese dairy firm Mengniu in a deal valued at A$600 million ($406 million). The sale includes all white milk, milk-based drinks, yoghurt, juice and water ice brands and assets, as well as Lion Dairy & Drinks’ International business, its share of the joint ventures Vitasoy Australia Products and …
Pif Paf Alimentos, a leading meat and poultry processor, has announced it has acquired Brazilian peer Fricasa, a pork specialist, for an undisclosed sum. The firm, the largest meat processor in the Minas Gerais region, said the deal would increase its pork processing capacity by 70% and would add around 15% to its annual turnover. Founded in 1962 and with operations in the southern Brazilian states and the Sao Paulo …
Bumble Bee Foods, the US manufacturer of preserved fish and chicken products, has filed for bankruptcy and agreed a deal to sell its assets to Taiwanese seafood processor FCF, according to a Food Business News report. FCF will pay reportedly $925 million for Bumble Bee Foods’ assets. The declaration of bankruptcy will facilitate the sale and help Bumble Bee reduce its debt burden, the US company is quoted as saying. …
Lion Australia, the Kirin-owned drinks firm, has announced it has stepped up its presence in craft beer with the acquisition of independent US-based beermaker New Belgium Brewing, via its Lion Little World Beverages division. Established in 1991, New Belgium Brewing is said to have grown to become a leading craft brewer, marketing brands such as Fat Tire Amber Ale and Voodoo Ranger IPA, and operating breweries in Fort Collins, Colorado …
Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow the two parties to jointly build and further develop the existing Kylie Cosmetics beauty business into …
Zwanenberg, the diversified food brands firm, has submitted a deal to acquire Struik, the Dutch soup manufacturer, to competition regulators in the Netherlands, according to a Tubantia report. Struik, which is currently owned by veal processor Van Drie Group, following a deal agreed in 2016, manufactures a range of ambient soups and stocks, as well as the Sonnen Bassermann line of soups, stews and ready meals in Germany, and the …
JBS, the Brazilian meat firm, has acquired beef and pork products maker Marba, via its subsidiary Seara Alimentos, for an undisclosed sum, according to a report in InfoMoney. The company said the acquisition was “in line with our strategy of increasing the number of added-value brands and brands in our portfolio”. Founded in 1961, Marba produces a broad range of traditional Brazilian meat products, including mortadela, linguica, salami and bacon …
Lassonde, the Canadian agri-food firm, has announced it has entered into an agreement to acquire Sun-Rype, a fruit-based snack and drinks maker, for a cash consideration of approximately C$80 million ($61 million). Founded in 1946, Sun-Rype produces juices and fruit snacks in Kelowna, BC, and also operates facilities in Selah and Wapato in the USA’s Washington state. The company manufactures and sells a variety of ready-to-drink fruit based juices and drinks under the Sun-Rype …
Hipp, the German organic baby food firm, has announced its expansion into new categories with the acquisition of Barnhouse, a maker of natural granola and other breakfast foods from the Upper Bavaria region. Founded in 1979, Barnhouse markets a broad range of granolas as well as other traditional breakfast cereals such as cornflakes and muesli under its namesake brand, and is described as the maker of the world’s first organic …
Massimo Zanetti, the Italian coffee specialist, has announced it has acquired Cafe Pacaembu, a coffee firm based in Sao Paulo state, Brazil, for an undisclosed sum. Founded in 1957, Cafe Pacaembu is described by Massimo Zanetti as one of the most traditional brands in the Sao Paulo. “In a highly fragmented market, it still represents one of the best known coffees”, the firm said, adding that it was particularly renowned for …
Refresco, the Dutch soft drinks firm, has reached a deal with PepsiCo which will see it acquire a number of the US firm’s factories in Spain, according to reports in FoodBev and Food Business Africa. Under the terms of the agreement, PepsiCo will transfer two of the three factories it currently operates in Spain – Tafalla (Navarra) and Seville – to Refresco, meaning Refresco will produce a proportion of PepsiCo’s drinks …
Upfield, described as the global leader of plant-based butter and spreads, has announced it has secured a deal to acquire Arivia, the Greek owner of the Violife cheese alternative brand, for an undisclosed sum. Founded in the 1990s, Arivia develops a range of plant-based dairy and dairy-free products, using mainly coconut oil. Its products include dairy-free alternatives to cheddar, mozzarella and cream cheese. The firm’s flagship Violife brand is claimed to be the …
Kind, the US-based snack company minority owned by Mars, has announced the acquisition of Creative Snacks, a family-owned snack company based in North Carolina, to further strengthen its presence in ‘better-for-you’ snacks. Founded in 2009, Creative Snacks offers premium-positioned snack foods including almond and coconut nut clusters, pretzels and trail mixes, as well as granola. Commenting on the acquisition, Daniel Lubetzky, founder and executive chairman of Kind, said: “The Creative …
Campari, the Italian spirits firm, has announced it has taken a majority stake in the spirits firms Licorera Ancho Reyes and Casa Montelobos, respectively the owners of the “super premium” spicy liqueur Ancho Reyes and mezcal Montelobo, for $35.7 million. Ancho Reyes is described as a natural and authentic liqueur made from ancho and poblano chiles cultivated in the volcano-enriched soils of Puebla, Mexico, and is said to offer an ideal …
VMG Partners, a US private equity fund specializing in consumer goods, has announced the acquisition of the Popchips brand in North America, and most international markets outside of the UK and Europe, via its newly-created “branded snacking platform” Velocity Snack Brands (VSB). Founded in 2007, Popchips is a “better for you” snack brand sold in supermarkets across the USA. Alongside the flagship Popchips brand, the firm’s portfolio also includes brands such …
Valeo, the Irish food firm, is to acquired the UK puddings business Bakery Foods, trading as Matthew Walker, from the UK food giant 2 Sisters in a deal worth £67 million ($85 million), according to a FoodBev report. Based in Derbyshire where it operates a factory employing 200 staff, Matthew Walker produces Christmas puddings, sponge puddings and other traditional British desserts under its namesake brand for both retail and foodservice …
Coca-Cola Beverages Africa (CCBA), the Coca-Cola bottler, has acquired stakes in two Coca-Cola franchise bottlers in Kenya through its wholly-owned subsidiary Coca-Cola Sabco East Africa (CCSEA) for a combined sum of $194 million, according to a report in Food Business Africa. CCSEA has acquired the 53.9% stake in Almasi Beverages and 27.6% stake in Nairobi Bottlers previously owned by public East African investment company Centum. Since CCSEA already held a 72.4% stake in Nairobi Bottlers, it will …
North American natural and organic foods firm Hain Celestial has announced the latest in a series of divestments with the sale of the Arrowhead Mills and SunSpire brands to Hometown Food, a wholly-owned portfolio company of Brynwood Partners VII and Brynwood Partners VIII, for $15 million. The Arrowhead Foods lineup includes baking mixes, breakfast cereal, flour, pancakes, and pie crusts, while SunSpire is a brand of baking chocolate and chocolate confectionery. The transaction …
Reinert and Kemper, two of Germany’s largest manufacturers of sausage products, have announced they are to merge to form the second biggest meat processor in the country, with annual turnover of more than €700 million ($767 million). Named TFB The Family Butchers, the newly-created company will offer customers a wide portfolio ranging from value lines to premium branded products, and will bring together Reinert’s expertise as a brand manufacturer with Kemper’s specialism …
Zwanenberg, a producer of meat preserves, snacks, soups, sauces, convenience meals and vegetarian products, has announced an agreement to acquire the Chicken Tonight sauce brand from Anglo-Dutch consumer goods giant Unilever. Zwanenberg said it already made the sauces for Unilever but from now one would also assume responsibility for marketing and sales. Commenting on the deal, Zwanenberg Nederland CEO Maarten Elsinga said: “Chicken Tonight is a wonderful extension of our …
Coca‑Cola HBC, Europe’s leading Coca-Cola bottler, has announced it is strengthening in the bottled water space with the acquisition of Acque Minerali, a producer and distributor of mineral water and adult-oriented sparkling beverages under the Lurisia brand. The firm said the acquisition was being made in conjunction with Coca‑Cola Co, and that they will together pay €88 million ($97 million) for the Italian water brand. Founded in 1940 in Roccaforte …
Carlton & United Breweries, the beermaker and AB InBev subsidiary, has announced the acquisition of Riot Wine, an Australian wine firm using exclusively in kegs and cans, for an undisclosed sum. Riot Wine, which markets a flagship rose among other products, said its approach offers consumers a superior and more sustainable product. Launched in 2016, Riot Wine is now available across Australia in both the on- and off-trade. Commenting on …
Leading US food manufacturer Conagra Brands has announced it has reached an agreement to sell its direct store delivery snacks business to Utz Quality Foods, described as the largest privately held savoury snack firm in the USA, for an undisclosed sum. Crisp, popcorn, pretzel and savoury snack brands such as Tim’s Cascade Snacks, Hawaiian Snacks, Erin’s, Snyder of Berlin and Husman’s will now transfer to Utz Quality Foods. “We continue …
ACH, a manufacturer of branded cooking oils and baking products, has announced the acquisition of natural and organic food firm Anthony’s Goods for an undisclosed sum. Anthony’s Goods markets a range of gluten-free flour alternatives, baking aids and supplements, including coconut and almond flours, spirulina and algae powder, and activated charcoal. Commenting on the acquisition, ACH CEO Imad Bazzi said: “One of the key reasons we partnered with Anthony’s Goods …
Wells, described as the largest privately held, family-owned ice cream manufacturer in the USA, has announced it has acquired the Halo Top brand from Eden Creamery. The purchase expands Wells’ current portfolio to five distinct brands, the company said. Advertised as “light ice cream that actually tastes like ice cream” and as having fewer calories, less sugar, and more protein than traditional ice cream, Halo Top range is touted as having created …
Mahou Group, the leading Spanish brewer, has upped its stake in the US-based craft beer maker Founders Brewing, increasing its holding to 90%, according to reports in Food Business African and FoodBev. Mahou Group originally took a 30% stake in the Michigan craft brewery in 2014 with a $96 million investment. Commenting on the deal, Founders Brewing president and co-founder Mike Stevens said: “We are fortunate to have a partner …
Burton’s Biscuit, the UK bakery firm behind brands such as Maryland and Wagon Wheels, has announced it has acquired Paterson Arran, a Scottish independent food company, for an undisclosed sum. The acquisition includes the Paterson’s shortbread brand as well as the foodservice biscuit and chutney brands Bronte, Cafe Bronte and Arran Fine Foods. Paterson Arran, which employs around 200 people, runs the Royal Burgh Bakery in Livingston, West Lothian, which produces …
Tyson Foods, the US meat processor, has announced it has reached a deal to take a 40% stake in Brazilian poultry firm Grupo Vibra for an undisclosed sum. Describing the deal as “part of its global growth strategy”, Tyson Foods said its stake in Grupo Vibra would give it more flexibility in serving customers in key global markets, noting that nearly 98% of protein consumption growth is expected to come from outside the …
Campbell Soup, the US foods manufacturer, is continuing to shed non-core businesses, this time striking a deal to offload its European crisps business, including the Kettle brand, to the Irish firm Valeo Foods. The US company said it would use the proceeds from the sale, which is valued at around £66 million ($79 million) to reduce debt. Campbell Soup’s European Chips business includes UK-based Kettle Foods and Netherlands-based Yellow Chips. Headquartered in Norwich, …
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Durham Distillery, a craft gin, vodka, liqueur and ready-to-drink canned cocktail producer located in Durham, NC, USA. The Durham Distillery product line includes Conniption Navy Strength Gin and Conniption American Dry Gin, Damn Fine Liqueurs (Chocolate, Mocha and Coffee), Cold Distilled Cucumber Vodka, and ready-to-drink canned cocktails (Conniption Gin & Tonic, Cucumber Vodka & Soda, …
Pilgrim’s Pride, the chicken and prepared foods firm, has announced it has acquired Tulip, a leading, integrated prepared foods supplier with 12 fresh and value-added operations in the UK, from Danish Crown, in a deal worth around £290 million ($354 million). In the retail sphere, Tulip markets namesake pork products as well as Danepak, the UK’s leading bacon brand. Commenting on the deal, Pilgrim’s Pride global CEO Jayson Penn said: …
Wine and spirits multinational Pernod Ricard has announced the acquisition of Castle Brands, a New York based spirits firm, for $223 million. Castle Brands market a range of “high end premium brands” that includes Arran whisky, Boru Irish vodka, Brady’s Irish cream, Clontarf whiskey, Celtic honey liqueur, Goslings rum, Gozio amaretto, Jefferson’s bourbon, Knappogue Castle whiskey and Pallini liqueurs. Commenting on the deal, Pernod Ricard chairman and CEO Alexandre Ricard, said: …
Coca-Cola Beverages Africa (CCBA), the leading Coca-Cola bottler on the African continent, is taking a 60% stake in Eswatini Beverages, a soft drinks firm based in Eswatini (formerly Swaziland), according to a report in Food Business Africa. The firm will remain 40% owned by a sovereign wealth fund but will reportedly operate as a subsidiary of CCBA under the name Eswatini Coca-Cola Beverages (ECCB). Commenting on the deal, ECCB country manager Sanele Khumalo …
Hain Celestial, the natural foods firm, has announced it has agreed a deal to sell its Tilda brand of basmati and speciality rice to the Spanish consumer goods firm Ebro Foods for $342 million in cash. The firm said it was planning to use a portion of the sale proceeds to pay down debt, and was evaluating distribution alternatives for the remainder. Tilda operates two plants in Rainham (UK) and employs 326 …
Hershey, the US confectionery firm, has announced it has entered into a definitive agreement to acquire One Brands, the maker of a line of low-sugar, high-protein nutrition bars, for a purchase price of $397 million. The chocolate maker said the deal “strengthened its position as a snacking leader” and would “provide a competitive offering of brands in the nutrition bar category”, adding that it would complement the company’s existing Oatmega …
Stonewall Kitchen, the US speciality foods firm, has announced it has entered into an agreement to acquire the Vermont Village brand of organic applesauce and apple cider vinegar, with the deal expected to close in September. Produced by the Village Cannery of Vermont since 1995, the Vermont Village brand has largely specialized in organic applesauce. More recently it added a line of raw and organic apple cider vinegars which are described as …
Ajinomoto, the US seasonings firm, has announced it has taken a 50.1% equity stake in More Than Gourmet (MTG), a US saucemaker, via a strategic partnership with its consolidated subsidiary Ajinomoto Health & Nutrition North America. Most famous for its demi-glace French-style sauce concentrates sold in both retail and foodservice channels, More Than Gourmet has also been marketing the Kitchen Accomplice brand of broths and burger seasonings since 2013. It operates a …
Orkla, the Scandinavian consumer goods giant, has announced it has signed an agreement to take a 20% stake in Noi-Sirius, described as Iceland’s leading chocolate and confectionery manufacturer. Established in 1920 and with about 150 employees, Noi Sirius markets chocolate brands such as Sirius, Noa Konfekt, Noa Kropp, Noa Paskaegg and Konsum. While over 70% of the company’s turnover is generated in its domestic market, a growing percentage of its …
Simply Good Foods, a branded nutritional and snack foods firm, has announced it has reached an agreement to acquire the functional foods maker Quest Nutrition for $1.0 billion in cash. Quest Nutrition is described as being focused on creating snacks with high protein levels but minimal sugars and net carbohydrates. The firm’s product lineup includes snack bars, biscuits, savoury snacks, protein powders and pizzas. “The acquisition of Quest strengthens Simply …
CK Asset Holdings, a Hong Kong private equity company, has agreed a deal to acquire Greene King, Britain’s largest pub and brewery company, in a deal worth £4.6 billion ($5.6 billion), according to a Reuters report. CK Asset Holdings is said to be paying £2.7 billion ($3.3 billion) for the beer firm, in addition to assuming its debt. The Hong Kong firm already holds a 3% stake in Greene King …
Kirin, Japan’s second-largest brewer, has announced it is foraying further into the health and beauty space with the ¥129.3 billion ($1.22 billion) acquisition of a 30.3% stake in cosmetics and health food maker Fancl, according to a report in the Nikkei Asian Review. The alliance between the two firms will reportedly focus on the joint development of health foods, drinks and supplements. The companies are also said to be considering …
Hershey, the US confectionery and snacks firm, has announced a minority investment in the Ireland-based functional food firm Fulfil via its C7 Ventures arm. Founded in 2016, Fulfil produces vitamin-fortified, high-protein, low-sugar nutrition bars made from ingredients such as soy, whey protein and chocolate, which it markets in the UK and Ireland. Commenting on the launch, Hersey chief growth officer Mary Beth West said: “Successful companies evolve and engage consumers …
Constellation Brands, the leading wine and spirits ompan company, has announced an agreement to sell its Black Velvet Canadian whisky brand to the distiller Heaven Hill for approximately $266 million. The firm said the sale formed part ot its “wine and spirits business transformation strategy”, including a focus on premium brands. The deal, which also includes a facility in Lethbridge, Canada and other brands associated with Black Velvet, is expected to be closed in the …
Diageo, the UK based alcoholic drinks giant, has announced the acquisition of a significant majority shareholding in Seedlip, described as the world’s first distilled non-alcoholic spirit brand. Launched in 2015 by Ben Branson “to solve the dilemma of ‘what to drink when you’re not drinking’”, Seedlip comes in the varieties Spice 94, Garden 108 and Grove 42. Diageo first invested in Seedlip in 2016 as part of its Distill Ventures …
Wine and spirits company Pernod Ricard has announced the acquisition of Firestone & Robertson, the owner of the TX brand range of “super-premium” whiskey and bourbon, via its US arm, for an undisclosed sum. The deal also includes the “Whiskey Ranch” distillery in Fort Worth, Texas, “where consumers can enjoy the full TX brand Experience”. In a press release, Pernod Ricard said the acquisition was another example of the company expanding its …
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced it has signed a definitive agreement to sell its Superior Cake Products bakery business to Chicago-based Sara Lee Frozen Bakery for $65 million. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products. Superior Cakes Products manufactures sweet goods such as eclairs, madeleines, brownie bites, and black and white cookies, among other products. Commenting …
Campbell Soup, the leading US food manufacturer, is continuing its divestiture program with the sale of the Arnott’s business and its remaining Campbell International operations to KKR, a global investment firm, for $2.2 billion. Arnott’s was acquired in 1997 by Campbell and has operations centres in Western Sydney, Brisbane and Adelaide in Australi, as well as Bekasi in Indonesia. The Campbell International division also includes Campbell Soup’s “simple meals” business …
HeavenlyRx, a hemp and CBD company, has announced the acquisition of Tru Brands, a US health and wellness company marketing plant-based bars and nutritional powder. Under the agreement, Heavenly Rx will acquire a 51% stake in Tru Brands for $3.5 million in cash and $2.57 million in company stock. Tru Brands currently markets a brand called Truwomen, with a line up of products that “boast the use of clean, plant …
Brasmar, the Portuguese seafood firm, has announced it has acquired Foncasal, a Spanish company specializing in cooked octopus and other chilled seafood products. Based in Logrono in Spain’s Rioja region, Foncascal markets a range of seafood including octopus, squid, prawns and crab under brands including Nuchar, Baltia, Moncasa and Montenia. The company has annual turnover of €18 million ($20 million) and has an international presence, especially in the Mediterranean and …
Cranswick, a supplier of fresh and added-value food products, has revealed it has purchased Mediterranean food producer Katsouris Brothers in a deal worth £43.5 million ($53.2 million). Announcing the deal alongside its first quarter trading results, Cranswick described Katsouris Brothers as a processor and multi-channel supplier of continental and Mediterranean food products, operating a facility in the Wembley area of London. The firm’s product range includes olives, antipasti, oils, cheeses, …
Global snacks and drinks giant PepsiCo has acquired a stake in Natural Food International, one of China’s largest natural food firms, according to media reports. PepsiCo’s 26% stake in the Shenzhen-based company will reportedly make it Natural Food International’s second largest shareholder. Natural Food International makes products from grains, nuts, and beans, with a focus on grain-based premium nutrition powder. Described as China’s second largest natural food producer by retail …
Casino, the French supermarket group, has announced the signature of a unilateral purchase agreement to sell Vindemia, the leading retailer in the Indian Ocean (Reunion Island, Madagascar, Mayotte, Mauritius), to the autmotive and retail business GBH for an enterprise value of €219 million ($244 million). Founded in 1972 on Reunion Island and gradually acquired by Casino between 2001 and 2007, Vindemia is said to have multi-format positioning comprising hypermarkets, supermarkets, cash …
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Montanya Distillers, a US rum firm, for an undisclosed sum. Montanya Distillers was originally founded in Silverton, CO in 2008 by Karen and Brice Hoskin and markets the Montanya Platino, Montanya Oro, Montanya Exclusiva, and Montanya Aniversaria range of rum. Montanya Distillers sells its rums in over 40 states and 7 countries around the world, …
Dr. Oetker, the German food firm, has announced it is strengthening its presence in Brazil with the acquisition of local baking aids firm Mavalerio for an undisclosed sum. Mavalerio has sales volumes of 31,000 tonnes per year. Its product range includes sugar and chocolate sprinkles, chocolate coatings, icing mixes, cocoa powder, sugar, popcorn and flavourings. Founded in 1969, the firm has grown internationally over a number of years, leading to …
Campari, the Italy-based spirits group, has announced that it has entered into exclusive negotiations with Compagnie Financiere Chevrillon and a group of minority shareholders to acquire the French company Rhumantilles, owner of 96.5% of the Martinique-based rum maker Bellonnie & Bourdillon Successeurs. Campari described Bellonnie & Bourdillon Successeurs as “an iconic ‘Rhum Agricole’ producer with secular know-how rooted in craftsmanship and French Caribbean tradition”. The firm owns Trois Rivieres and …
AB InBev, the world-leading brewer, has announced it has agreed to divest Carlton & United Breweries to Japanese beermaker Asahi for an enterprise value of A$16 billion ($11.3 billion). As part of the transaction, AB InBev said it would grant Asahi the rights to commercialize the portfolio of AB InBev’s global and international brands in Australia. The majority of the proceeds from the sale will be used to pay down …
Belourthe, a Belgian based company specialized in the manufacturing of infant cereals, has announced it has reached an agreement to buy the baby food business of Cerealto Siro, a food multinational based in Madrid, Spain, for an undisclosed sum. The deal includes the Nutriceal brand of baby foods including cereals, purees and biscuits. Founded in 1974 (and owned until 2013 by the Nutricia / Danone group), the Nutriceal business also …
Jumbo, the Dutch grocery retailer, has announced it has agreed a deal to acquire the Agrimakt retail chain from the agricultural cooperative CZAV for an undisclosed sum. Agrimarkt operates a network of six stores in Goes, Middelharnis, Roosendaal, Vlissingen, Oud-Beijerland and Terneuzen in the south-western Netherlands, employing around 360 staff. Commenting on the proposed deal, CZAV general director Antoon van Vugt said: “Developments in the supermarket space have made it clear …
Ralex Brands, which owns the aloe juice brand Simplee Aloe, has acquired fellow London-based drinks business Wow Drinks, for an undisclosed “seven-figure” sum, according to a report in Just Drinks. Founded in 2015, Wow Drinks markets a range of cold-pressed drinks labeled Nutrition, Restore and Balance. It is also launching a cannabidiol-enhanced peach tea and a product designed to improve cognitive function, advertised as the UK’s first nootropic drink. Commenting on the …
Campbell Soup, the leading US food manufacturer, has announced it has signed a definitive agreement to sell the Kelsen Group, a biscuit company that is part of the Campbell International business. to a Ferrero affiliated firm for $300 million. The company said the deal would enable it to reduce its debt burden, adding that the process is now underway to divest the remainder of Campbell International, including the Arnott’s biscuit brand. Based in …
Colgate-Palmolive, the household and personal care giant, has announced it has signed an agreement to acquire the Filorga skin care business for an equity purchase price of €1.496 billion (approximately $1.690 billion). The US firm said the deal, which is expected to close in the third quarter of 2019, was part of its strategy to focus on its higher-margin oral care, personal care and pet nutrition businesses, and expand its portfolio …
Unilever, the consumer goods giant, has agreed a deal to acquire a 75% stake in the Romanian firm Good People, which markets a range of health-oriented food under the FruFru brand, according to reports in Just Food and the Romanian media. Founded in 2006, Good People is described as the first “fresh, healthy” food concept in Romania, offering a range of fruit and vegetable based meals, drinks and other convenience …
Lactalis, the French dairy giant, has announced it has acquired Ehrmann Commonwealth Dairy, the US yoghurt business of German dairy firm Ehrmann. Ehrmann Commonwealth Dairy has two manufacturing facilities employing 250 people in the state of Arizona. The company makes and distributes yoghurt and other dairy products under the Green Mountain Creamery and Liebe brands, and also has a private label business. “The Ehrmann acquisition is a terrific complement to …
Intersnack, the Germany based-snack giant, has acquired a 40% stake in Universal Robina’s Australia and New Zealand business URC Oceania, according to ESM and Inquirer.net reports. The partnership is intended to boost the two companies’ presence in the region’s snack food market. Intersnack will reportedly pay for the transaction through a combination of cash and shares in Yarra Valley Snack Foods, the company’s natural snack food unit in Australia. In …
Froneri, the UK ice cream manufacturer formed by the merger of the Nestle and R&R ice cream business, has announced its expansion into Israel with the acquisition of Noga Ice Creams, owned by Nestle-owned business Osem, one of the largest food manufacturers and distributors in Israel. Noga markets ice cream under brands including La Cremeria, Extreme, Cookilida, Crunch and Gumigum. Commenting on the news, Froneri CEO Ibrahim Najaf said: “We’re …
Orkla, a leading supplier of branded consumer goods in Scandinavia, is selling its Glyngore canned fish business to Amanda Seafoods via its Danish subsidiary Orkla Foods Danmark for an undisclosed sum. Established in 1940, Glyngore is described as Denmark’s best-known herring and tuna brand and had net sales totalling 43 million DKK ($6.5 million) in 2018. Orkla said the aim of the sale was to “reduce portfolio complexity and concentrate …
Karro Food Group, a leading UK pork processor owned by private equity firm CapVest has acquired UK seafood firm Young’s for an undisclosed sum, according to a FoodBev report. The new group will employ around 5,000 people across the UK and Ireland and will have annual sales of more than £1.2 billion ($1.51 billion) a year. Grimsby-based Young’s produces a range of fresh, frozen, own-label and branded fish at 12 …
L’Oreal, the French personal care company, has confirmed it has entered into exclusive negotiation with Clarins, a French skin care, cosmetics and perfume firm, with a view to acquiring the brands Mugler and Azzaro. Mugler and Azzaro are positioned as luxury fashion and toiletry brands with a range of male, female and unisex fragrances. Mugler was created by French fashion designer Thierry Mugler, while the Azarro label was founded by …
Anheuser-Busch, the leading US brewer and AB InBev subsidiary, has announced it will take full control of wine company Babe Wine through its affiliate ZX Ventures, by buying the outstanding shares in the firm. Babe Wine was launched as Swish Beverage in 2016, with the aim of creating a “fun, inclusive and portable product”. According to Anheuser-Busch, Babe Wine’s portfolio of rose, pinot grigio and red canned wine has led …
Mahou San Miguel, the Spanish beer firm, has announced it has acquired a 70% stake in Madrid-based craft brewer Brutus for an undisclosed sum. The leading Spanish beermaker said Brutus would complement its portfolio and support its premiumisation strategy. Founded in 2015, Brutus is positioned as a “next generation” beer and has been rolled out in 350 “select” locations in major Spanish cities such as Madrid and Barcelona. Post-acquisition, the …
Mars, the leading US food firm, has announced that it has signed a definitive agreement to acquire a significant majority stake in Foodspring, a direct-to-consumer targeted nutrition company based in Berlin, Germany. Foodspring will be incorporated within Mars Edge, a division of Mars focused on health and wellness. Foodspring is described as one of the largest and fastest growing targeted nutrition businesses in Europe, with currently six focus countries and …
Suning.com, China’s third largest e-commerce platform, is planning to buy an 80% stake in Carrefour’s Chinese business for 4.8 billion CNY ($698 million), according to a report in Bloomberg. The deal values Carrefour’s China unit at 0.2 times its 2018 sales, compared to an industry average of 0.8, the news agency added. Carrefour is described as a foreign retail pioneer in China, having first entered the market in 1995. However its …
Nadec, the National Agricultural Development Company of Saudi Arabia, has abandoned plans to acquire food and beverage firm Al Safi Danone, jointly held by Al Safi Holding and Danone Dairy Investments Indonesia, according to a report in The National. Nadec is said to have signed a share purchase agreement with Al Safi Holding last year to acquire 100% of Al Safi Danone, funded through a SAR536 million ($142.91 million) increase …
Bell Food Group, the Swiss meat and salad firm, has announced it is selling its sausage business in Germany to the Zur Muhlen Group, a local meat processor, in order to refocus on the air-dried ham category in the country. The acquisition will see Zur Muhlen Group take over plants in Suhl (Thuringia) and Borger (Lower Saxony) together with all around 400 employees. The Swiss company said the sale of …
Falfurrias Capital Partners, a private equity firm based in Charlotte, NC, USA. has announced it has signed a definitive agreement to acquire CF Sauer, a maker of condiments, spices, seasonings and extracts sold through the retail and foodservice channels. With manufacturing facilities in Richmond, VA, Greenville, SC, New Century, KS, and San Luis Obispo, CA, CF Sauer producers the Duke’s Mayonnaise and The Spice Hunter brands, and also sells mayonnaise …
Mid Europa, a UK-based private equity firm, has announced it has sold the Serbian soft drinks business Knjaz Milos to a joint venture formed by food and drinks multinational PepsiCo and Czech water distributor KMV for an undisclosed sum. The fund acquired Knjaz Milos together with leading regional dairy and confectionery players Imlek and Bambi in 2015, and, capitalising on increased consumer demand for water and other drinks products, reportedly emerged as the …
Snacks and confectionery multinational Mondelez has announced an agreement to acquire a majority interest in Perfect Snacks, a California-based company described as a “pioneer” in the refrigerated nutrition bars segment. Founded in 2005, Perfect Snacks markets a range “fresh-from-the-fridge” protein snacks, made from plant-based ingredients such as nuts and fruit as well as 20 organic “superfoods” such as kale, spinach, and lemon. Since launching its flagship refrigerated snack bar, the …
Fazer, the leading Finnish bakery and confectionery firm, has announced it has agreed to Kaslink, a family-owned company specialising in Scandinavian cooking products, drinks and snacks, for an undisclosed sum. Kaslink’s product range includes Aito Oat Milk, Maire dairy products, Koria protein drinks, Vesi Water and Nordic Cuisine cooking sauces. The firm had net sales €65 million ($73 million) in 2018 and employs 170 staff. “With this acquisition, Fazer is …
Swiss milk processor Emmi has announced it is increasing its stake in Brazilian firm Laticinios Porto Alegre, taking its holding in the Minas Gerais based milk processor from 40% to 70%. Emmi has held a stake in the Laticinios Porto Alegre since July 2017, and said the company had been developing positively in “an extremely challenging market environment”. “With the acquisition of a majority stake, Emmi is underlining its willingness …
Pernod Ricard, the world’s number two wine and spirits firm, has announced it is re-entering the bourbon whiskey space with the acquisition of a majority share in Rabbit Hole, a Lousville, KY whiskey maker. The deal will see Rabbit Hole added to Pernod Ricard’s New Brand Ventures portfolio of speciality brands that includes Smooth Ambler whiskey and Del Maguey mezcal. Rabbit Hole’s straight bourbon and rye whiskeys are described as …
SC Johnson, the privately held US manufacturer of household cleaning products, has announced it has reached a deal to acquire Sun Bum, a manufacturer of sun protection, hair care, lip care and other personal care products. “The Sun Bum brand is a welcome addition to our portfolio of trusted products”, said SC Johnson chairmain and CEO Fisk Johnson. “It also expands our robust selection of fast-growing, on-trend products like Babyganics, …
Genuine Health, a Canadian supplements company, is making what is said to be its first acquisition in its 26 year history with the purchase of natural skincare firm Basd for an undisclosed sum, according to an article in Beauty Independent. The Basd lineup comprises around 10 products including body wash, body lotion and an exfoliating coffee scrub. Commenting on the deal, Genuine Health CEO and founder Stewart Brown said: “Natural …
AG Barr, the UK drinks firm behind the Irn-Bru and Rubicon brands, has announced a minority investment in the start-up alcohol-free spirits business Elegantly Spirited, owner of the Stryyk brand. As part of the minority investment, AG Barr said its Funkin subsidiary has entered into a long-term agreement to act as exclusive UK distributor for all Elegantly Spirited products, in addition to the AG Barr group investing an initial £1 …
Brown-Forman, the owner of the Jack Daniel’s whiskey brand, has announced it is strengthening its presence in the crafts spirits space with the acquisition of The 86 Company, the owner of the Fords Gin brand. Distilled in London, Fords Gin is described as a collaboration between Simon Ford and Charles Maxwell of Thames Distillers. Said to be a mix of nine botanicals, Fords Gin starts with a traditional base of …
Unilever, the Anglo-Dutch consumer goods giant, has announced it has reached a deal to acquire the US skincare brand Tatcha for an undisclosed sum. The firm described Tatcha as a modern skincare brand rooted in classical Kyoto rituals, adding that it had become a cult favourite by introducing Japanese skincare to other parts of the world. Tatcha’s product range is based on a formula of green tea, rice and algae, and …
Savencia, the French dairy processor, has announced it has reached a deal to acquire roquefort specialist Papillon for an undisclosed sum. Papillon is described as a historic producer of PDO roquefort, marketing cheese “reputed for its exceptional quality” since 1906. Savencia, which has been distributing Papillon cheese in French retail channels since 2007, said the acquisition was part of its strategy to strengthen its portfolio with high quality, locally-produced cheeses. …
Biscuit International, the France-based bakery firm, has acquired cake and biscuit firm Aviateur for an undisclosed sum, according to reports in the Dutch media. Both Biscuit International and Aviateur predominantly manufacturer private label products, although Aviateur also has a retail line under a namesake brand. Based in Broek op Langedijk, Aviateur is said to produce 6 million small cakes and biscuits each day, with annual turnover of €105 million ($119 million) …
Jensen Meat, a California-based beef firm has acquired meat substitutes start-up Before the Butcher, according to an article in Veg News Before the Butcher is the owner of the Uncut brand, which offers a range of plant-based burgers for the retail channel. Its line includes soy-based savoury chicken burgers, roast turkey burgers, breakfast sausage, Italian sausage an chorizo sausage. As a result of the deal, Before the Butcher will reportedly have …
Remy Cointreau, the leading French spirits firm, has announced it is to acquire brandy maker Maison de Cognac JR Brillet and part of its vineyard estate. “Since the beginning of the Brillet family’s history in the 17th century, Maison JR Brillet has built up a vineyard estate and a stock of eaux-de-vie that enables it to produce high-end products”, Remy Cointreau said in a statement. “The acquisition of Maison JR …
Coca-Cola Amatil (CCA), one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region, has announced it has reached a deal to sell the SPC fruit and vegetable processing business to Shepparton Partners, a joint venture between Perma Funds Management and The Eights, for A$40 million ($28 million). CCA originally announced it was putting its SPC unit up for sale last August. Commenting on the deal, CCA group …
Brazilian food companies BRF and Marfrig have entered into talks to merge their companies and potentially create one of the world’s largest meat producers, the firms have announced. The companies said the potential merger would help to scale and increase geographical and product diversification, including expanding operations in South America, the US and Middle East, reducing financial leverage and risk exposure. The structure of any combined company has not yet …
French dairy giant Lactalis has announced the acquisition of Italian cheese maker Nuova Castelli, which was majority owned by private equity firm Charterhouse Capital Partners. With the acquisition of Nuova Castelli, Lactalis said it would strengthen its position in Italy where it currently operates 29 production sites and has a workforce of over 5,500 people. Nuova Castelli makes traditional Italian cheese with protected designation of origin (PDO) cerftification, including parmesan, gorgonzola …
Golding Farms Foods, a manufacturer of sauces and condiments, has announced the acquisition of Arcobasso Foods, a maker of dressings, sauces and beverage mixes. The company said the deal would allow it to expand its portfolio of private label and branded products and grow its presence locally and nationally. John Frostad, CEO of Golding Farms, said: “Arcobasso Foods is a special company with long-standing relationships and commitments to customers, suppliers, …
Litehouse, a maker of refrigerated salad dressings, has entered into an agreement to acquire Sky Valley Foods, a producer of organic shelf-stable dressings, condiments and sauces for $46 million. With the acquisition, Litehouse said it planned to grow its portfolio with centre-store, clean and organic products, and increase capacity, with the creation of 160 jobs over the next five years, and expand its presence on the East Coast. Litehouse will …
Global confectionery group Ferrero has announced a definitive agreement to acquire a controlling stake in Ice Cream Factory Comaker (ICFC), a Spanish ice cream manufacturer. In a joint press release, Ferrero said the acquisition reinforced its commitment to satisfying consumers’ needs in different categories. ICFC is a global food company specialised in designing and manufacturing ice cream cones, sticks, tubs, lollies and cakes in more than 15 countries. In addition to contract …
Canopy Growth, a cannabis company based in Smiths Falls, Canada, has announced it has finalized an all-cash transaction to acquire This Works, a UK-based natural skincare and sleep solutions firm, for a purchase price of £43 million ($54.49 million). The firm’s best-known products are sad to include a deep sleep pillow spray, morning expert hyaluronic serum, and skin deep dry leg oil. “Through their unique approach of formulating solutions that …
GreenSpace Brands, a Canadian-based business that develops, markets and sells natural food brands has announced it is selling assets within the Nothing But Nature business relating to the Kiju brand of organic juice and iced tea to Zurban Beverages for $8 million. The Kiju juice line is described as 100% juices that are premium, certified organic juice blends with no added sugar. Meanwhile the firm’s ice teas are “heavenly blends …
Caliva, a California, US-based cannabis company, has bought soft drinks firm Zola in a bid to expand into CBD-infused beverages, according to FoodBev and BevNet reports. Zola, which focuses on “plant-based hydration”, markets a range of soft drinks including coconut water, acai juice, and natural energy drinks. Caliva said the deal would allow it to broaden its cannabis business into the beverage space through access to Zola’s research and development …
Brasmar, a Portuguese seafood company, has announced it has acquired La Balinesa, a Spanish firm that produces smoked salmon, for an undisclosed sum. The Porto-based firm said the deal would underline its leadership position on the Portuguese market, expand its product range, and strengthen its footprint in Iberia as a whole. La Balinesa is described as a leading company in the manufacture of smoked fish in Spain. Located in the …
Boston Beer, the owner of the Samuel Adams brand, has announced it has acquired Dogfish Head, a leading craft beer firm, for $300 million. In a press release, the two firms said the merger would create “a powerful American-owned platform for craft beer and beyond”. “The new entity will possess more than half a century of Craft brewing expertise, a balanced portfolio of leading beer and “beyond beer” brands at …
B&G Foods, the US owner of food brands such as Green Giant, has announced it is acquiring baking aids business Clabber Girl from Indiana-based wholesale supplier Hulman & Co for an undisclosed sum. The Clabber Girl product range includes baking powder, bicarbonate of soda and cornflour marketed under brands such as Clabber Girl, Rumford, Davis, Hearth Club and Royal. B&G Foods said it expected the acquired business to generate approximately $70 to $75 …
KraftHeinz, the US consumer goods giant, is said to be buying back a plant it previously owned in Utrecht, Netherlands, reportedly over fears the factory was headed for bankruptcy. According to an article in Levensmiddelenkrant (quoting ANP), a trade union leader familiar with the matter said expected growth at the plant had not materialized, and 90 jobs had been under threat. KraftHeinz sold its drinks, bread toppings and breakfast cereal facility in …
Auchan, the French grocery retailer, is selling the entirety of its Italian subsidiary Auchan Retail Italia to the local retail cooperative Conad, according to a Reuters report. Auchan generated around €3.6 billion ($4.1 billion) in revenue from its 1,600-strong Italian store network last year. Commenting on the deal, an Auchan spokesperson is quoted as saying: “The business was in great difficulties. We are leaving to Conad a financial situation that will …
Beiersdorf, the German personal care heavyweight, has announced it has reached a deal to acquire the Coppertone suncare brand from chemicals firm Bayer for a purchase price of $550 million. Founded in 1944, Coppertone is described as the first sun care brand launched in the US market, and its product range is currently distributed in the USA, Canada and China. It generated sales of $213 million in 2018. Beiersdorf said Coppertone …
Froneri, the ice cream joint venture of Nestle and R&R ice cream, has announced it has agreed to acquire the New Zealand ice cream business Tip Top from global dairy co-operative Fonterra for 380 million NZD ($250 million). The Tip Top name and its operations, including the Auckland based factory site at Mount Wellington will be maintained as part of the deal, Froneri said. Tip Top offers single serve ice …
Hain Celestial, a North American organic and natural products company, has announced that it has entered into a definitive agreement to sell all of its equity interest in Hain Pure Protein Corporation, which includes the FreeBird and Empire Kosher businesses, to investment fund Aterian Investment Partners for $80 million. Empire Kosher is a brand of kosher poultry including processed and unprocessed products as well as deli meats. Meanwhile the FreeBird …
Hain Celestial, an organic and natural products company with operations in North America, Europe, Asia and the Middle East, has announced that it has completed the divestiture of its WestSoy tofu, seitan and tempeh businesses to Keystone Natural Holdings, a portfolio company of Keystone Capital focusing on plant based food, for an undisclosed sum. Commenting on the deal, Mark L Schiller, Hain Celestial president and CEO, said: “This brand divestiture …
McCain, the leading frozen potato firm, has announced the acquisition of a 70% stake Serya, a Brazilian food company which manufactures pre-formed potato specialities. Founded in 2015 in the state of Minas Gerais, Serya is described as having new, high technology facilities that allow it to produce a wide range of potato products for the Brazilian market. The firm’s website lists products including potato shapes and ‘noisettes’ with Forno de …
Constellation Brands, the wine and spirits firm, has announced it has acquired a majority stake in Nelson’s Green Brier Distillery, a craft whiskey firm. Co-founded by brothers Andy and Charlie Nelson, Nelson’s Green Brier Distillery produces a variety of whiskeys under the Belle Meade Bourbon brand and is set to release a Tennessee whiskey later this year. Constellation Brands said it had initially acquired in minority stake in the whiskey …
JBS, the leading Brazil meat firm, is acquiring Rio Grande do Sul based pork processor Adelle for R$235 million ($59.4 million), according to a report in Folho de Sao Paulo. The acquisition, conducted through the JBS subsidiary Seara, includes a pork processing plant located in the city of Seberi. The unit is said to have begun operations in 2015. Commenting on the move, JBS said the acquisition of Adelle would …
Post, a packaged goods company focused on breakfast foods, has announced that it has agreed to acquire the private label ready-to-eat cereal business of TreeHouse Foods for an undisclosed sum. Post described the acquired unit as a leading private label cereal manufacturer with wide-ranging cereal production capabilities across two facilities, serving a diverse set of customers across retail channels. “The ready-to-eat cereal category represents nearly $9 billion in revenue at …
The Hut Group, an online health and beauty businesses, has announced the acquisition of Christophe Robin, a “luxury” natural haircare brand, for an undisclosed sum. Christophe Robin offers a range of 70 different products including shampoos, masks, conditioners, “colour boosts” and lotions designed for a variety of different needs. The brand has listings in multiple geographies including the UK, US, Europe and Asia through retailers such as Sephora and Space …
Unilever, the consumer goods giant, has announced that it has reached an agreement to acquire Olly Nutrition, a San Francisco headquartered company that makes vitamins, minerals, and supplements. Olly Nutrition is known for its gummy vitamins and supplements, and also sells protein powders and snack bars. Amanda Sourry, president of Unilever North America, commented: “We are delighted to welcome Olly Nutrition to our portfolio of brands. Olly is a strong, …
Easton Pharmaceuticals, a healthcare firm based in Ontario, Canada, has announced it has completed its acquisition of bakery firm Supreme Sweets in a cash and stock deal. Supreme Sweets operates a 40,000 sq ft facility in Toronto, where it produces traditional baked goods, including gluten-free and keto products, which it supplies to major grocery chains in North America, as well as specialty coffee chains, both under its own brands and …
Mondelez, the US confectionery, food, and beverage multinational, has announced that it has made a minority investment in Hu Master Holdings, the owner of both Hu Products and Hu Kitchen, described as a fast-growing US-based snacking company. Hu is described as making minimally-processed, paleo-inspired foods with simple, real ingredients and was created by siblings Jason H Karp, Jordan Brown and Jessica Karp in 2012. The firm’s product line includes chocolate, …
Cacique, self-styled as the leading maker of authentic Mexican style cheeses, cremas, and chorizos in the US, has announced the acquisition of specialist salsa firm El Sol Foods for an undisclosed sum. El Sol Foods’ salsas are described as being “handcrafted with fresh produce” using a small batch, cold process for “homemade, authentic Mexican flavors”. Newly marketed under the Cacique brand, the product will be available in nine varieties, including …
Sainsbury and Asda, the two UK retail giants, have announced they have decided to call off their proposed merger after the move was blocked by the UK’s competition watchdog. The BBC reports that the Competition and Markets Authority was concerned the deal would lead to price rises and longer checkout queues. Asda and Sainsbury announced their intention to merge almost exactly a year ago, in a move that would have …
Saputo, a Canadian dairy company, has announced that it has entered into an agreement to acquire the specialty cheese business of Lion Australia for A$280 million ($197 million). The deal is said to include all of Lion Australia’s specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm and Australian Gold, as well as cheese manufacturing assets at Burnie (The Heritage) and King Island (King …
Dr. Oetker, the leading food multinational, has acquired a majority stake in Magioni, a start-up firm specializing in plant-based pizzas, according to a report in Levensmiddelenkrant. The Magioni product range includes brightly-coloured pizza bases made from cauliflower, beetroot, courgette and pumpkin, which are said to be produced and stretched by hand. As well as prepared pizza bases, Magioni makes ready-prepared pizzas in vegetarian varieties such as Margherita and Funghi, and …
Tata subsidiary Tata Global Beverages, the world’s second largest tea producer, has announced it has reached a deal to acquire the total branded packet tea business of rival Indian firm Dhunseri for a total consideration of 101 crore INR ($14.4 million). The proposed acquisition, which includes the brands Kala Ghora and Lal Ghora, is said to be subject to due diligence, the signing of definitive binding agreements and other approvals. …
Casino, the French supermarket group, has announced that it has signed an agreement with funds managed by affiliates of Apollo Global Management, a private equity firm, to sell it a portfolio of 12 Geant Casino hypermarkets and 20 Monoprix and Casino supermarket properties. The deal for the 32 stores amounts to €470 million ($527 million), of which €374 million ($419 million) is to be paid by the end of July. …
Constellation Brands, the US wine and spirits firm, has announced it has taken a minority stake in Los Angeles-based mezcal firm El Silencio via its venture capital arm for an undisclosed sum. Available in the varieties Ensamble and Espadin, El Silencio is described as being made using “meticulously picked agaves” which are “roasted, crushed, and double distilled resulting in a full-bodied flavour”. The product is manufactured in Oaxaca, Mexico and …
Pernod Ricard, the leading wine and spirits firm, has announced it has reached an agreement with US spirits distributor Biggar & Leith for the acquisition of the Italian gin brand Malfy. Malfy is described as a range of gins distilled by the Vergnano family in the Italian region of Moncalieri, and is already present in international markets such as the USA, UK and Germany. Each gin in the Malfy range …
Delverde, an Italian food company specialising in premium-positioned pasta, has been acquired by Italian food company Newlat, according to reports in ESM and Il Sole 24 Ore. Delverde is being acquired from leading Argentine food firm Molinos Rio de la Plata for €9.25 million ($10.45 million), reportedly as part of Newlat’s strategy of acquiring historic Italian food brands from overseas multinationals. Based in Fara San Martino in Italy’s Abruzzo region, …
Vrumona, a Dutch soft drinks firm, is entering the syrups category with a 51% stake in the cordial brands Ranja and Limeau. Manufactured since 1921, Ranja syrups are available in strawberry, orange, raspberry and reine claude (greengage flavours). They are promoted as “real” and “pure” syrups that are free from artificial sweeteners, colours and preservatives. Advertised as “syrup from Amsterdam”, Limeau syrups come in Cranberry, Ginger Ale and 4 Fruits varieties …
Unilever, the consumer goods giant, has announced it has signed an agreement to acquire the Fluocaril and Parogencyl oral care brands from P&G, the US FMCG multinational. Fluocaril and Parogencyl are described as therapeutic brands sold in the pharmacy channel, mostly in the Spanish and French markets. Fluocaril offers oral care solutions specialising in protection against cavities, while Parogencyl tackles gum issues. Unilever said the acquisition would give Unilever a …
Central Valley Meat, a meat processor founded in 1993, has announced it is to acquire beef firm Harris Ranch, comprising Harris Feeding Company and Harris Ranch Beef Company, for an undisclosed sum. Harris Ranch Beef is described as California’s largest beef producer and the largest ranch on the west coast of the United States. Its retail product lineup includes fresh beef, mince, patties, speciality beef and ready meals. Under the agreement, …
Campbell Soup, a US producer of canned soups and related products, has announced that it has agreed to sell its organic foods division Bolthouse Farms to an affiliate of private equity fund Butterfly Equity for $510 million. Acquired in August 2012, Bolthouse Farms employs around 2,200 staff and is a leading producer of organic beverages, dressings and carrots with a base in Santa Monica, California. Its new owner, Butterfly Equity, …
New World Foods, an Australian-based meat jerky firm, has acquired UK peer Meatsnacks Group for an undisclosed sum, according to a Just Food report. New World Foods markets the Mariani and Local Legends brands of meat jerky in its native Australia, as well as Japan, South Korea and the UK through channels including supermarkets, food retailers, duty free outlets and convenience stores. Meanwhile, the Meatsnacks Group portfolio includes Wild West beef …
Dutch food business Wessanen, the owner of brands such as Kallo, Whole Earth, Bjorg and Mrs Crimble’s, has announced it has been acquired by a consortium comprising the private equity firm PAI Partners and Charles Jobson (Wessanen’s largest shareholder) for a total consideration of around €885 million ($996 million). The acquisition will enable Wessanen to continue to invest in initiatives in order to maintain its position as a leader in …
Granarolo, an Italian dairy company based in Bologna, has announced it is acquired a majority stake in Venchiaredo, a specialist maker of stracchino cheese. Founded in 1968, Venchiaredo has a product range that includes Venchiaredo stracchino cheese, Friulan stracchino, and Venciaredo Fresh. The company reported turnover of €26.9 million ($30.42 million) in 2018, up 18% on the year before. The deal sees Granarolo increase its stake Venchiaredo from 24% to …
Taylor Farms, a maker of salads and fresh foods, has acquired US organic salad business brand Earthbound Farm from international dairy giant Danone for an undisclosed sum. Earthbound Farm is described as the largest producer of organic salads in the US and had annual sales of around $400 million in 2018. In a statement, Taylor Farms said: “We are grateful for Danone’s stewardship of Earthbound Farm during the past two …
Lone Star Gold, a manufacturer and distributor of natural and functional hemp derived beverages, has announced the acquisition of Good Hemp, a hemp-derived CBD-infused drinks brand based in Colorado. Good Hemp products have been sold throughout the USA since 2016 via Amazon, as well as through local retailers. The product line includes Good Hemp 2oh!, described as a line-up of refreshing, all-natural, ready-to-drink waters in six flavours, as well as Good Hemp Fizz, …
Unilever, the consumer goods giant, has announced it is expanding further in the premium skincare category with the acquisition of derma-cosmetic firm Garancia for an undisclosed sum. Sold mainly in pharmacy channels and through selective retail distribution, Garancia offers 38 facial and body skincare products that are claimed to feature “clean and effective formulas combined with a scientific approach”. Founded in 2004 by pharmacist Savéria Coste, the brand now offers a …
Bubs Australia, a goat milk products manufacturer, has agreed to acquire infant formula producer Australia Deloraine Dairy for a consideration including A$25 million ($17.8 million) in cash and A$10 million ($7.1 million) in shares, according to a FoodBev report. Australia Deloraine Dairy is a multinational food company predominately involved in manufacturing and marketing dairy, staple and natural foods. Its Melbourne facility is said to have the capacity to process 10 …
German milk processor Deutsches Milchkontor has announced a deal to acquire baby food producer Alete as part of a business “realignment and restructuring” process. The acquisition includes the brands, as well as sales and distribution channels, of Alete GmbH and German Babyfood GmbH. DMK described the deal as “very important”, since it is currently investing approximately €145 million in a complete renovation of a site in Struckhausen (Lower Saxony) to …
Lion, the Kirin-owned Australian food and drinks firm, is expanding further in the non-alcoholic drinks space with the acquisition of New Zealand ice tea brand Teza. Teza previously belonged to Greenstone Drinks and is described as the first “real-brewed” iced tea in New Zealand. The product is said to be made with batch brewed organic leaf tea and is available in flavours such as Feijoa & Lime Blossom and Lemon …
Norwegian company Orkla has announced a 43.5% investment in Portuguese firm Asteriscos e Reticencias, a manufacturer of fermented tea-based health drinks under the brand Captain Kombucha, for an undisclosed sum. Captain Kombucha was established in 2016 and is currently majority owned by its two founders, with the German firm Doehler Ventures also having a 15% stake. Promoted as “a delicious naturally fermented drink, handcrafted to perfection”, it is also advertised …
Lion, the Australian food and drinks firm owned by Kirin, has continued its recent spate of acquisitions with the purchase of UK craft beer maker Magic Rock Brewing. Founded in 2011 in Huddersfield, Yorkshire, Magic Rock Brewing produces a range of beers describd as being “inspired by local brewing traditions and the vibrant US craft beer scene”. The firm’s volumes are said to have tripled since it moved to a …
Kellogg, the leading US cereal and snacks firm, has announced it has reached an agreement to sell selected biscuit, fruit and fruit-flavored snack, pie crust, and ice cream cone businesses to confectionery firm Ferrero in an all-cash transaction valued at $1.3 billion. The transaction includes Kellogg’s biscuit business, including brands like Keebler, Mother’s, Famous Amos, Murray’s, and Murray’s Sugar Free, as well as biscuits manufactured for Girl Scouts of the USA. At the operational level, it includes …
Chinese dairy firm Yili has announced that it is set to acquire New Zealand’s Westland Milk Products, a New Zealand dairy firm, via its subsidiary Hongkong Jingang Trade Holding for an enterprise value of 588 million NZD ($400 million). Westland Milk Products manufactures a range of dairy products and ingredients for foodservice, industrial and retail clients. Its retail lineup includes Westgold butter and UHT milk, and the make-at-home yoghurt brand …
Australian beverage and dairy company Lion is making its first major foray into the spirits sector with the acquisition of a 50% stake in Four Pillars Gin. Founded in Healesville in 2013, Four Pillars Gin is a craft distiller offering gins such as Rare Dry, Spiced Negroni, Navy Strength and Bloody Shiraz. It currently has distribution in 25 markets worldwide including UK, Nordics, Singapore, New Zealand or USA. Lion added …
Kroger, the US supermarket chain, has announced it has divested its Turkey Hill division to an affiliate of investment fund Peak Rock Capital for an undisclosed sum. Turkey Hill produces iced teas, fruit drinks, milk, frozen dairy desserts and a variety of ice cream products at adedicated manufacturing and distribution facility. As part of the sale agreement, the Peak Rock Capital affiliate will continue to operate the Turkey Hill business out …
Italian coffee giant Illy is acquiring the UK chocolate maker Prestat as it seeks to expand its presence in the gourmet food sector, according to reports in Comunicaffe and Reuters. Illy said that Prestat could partner with Domori, a premium chocolate giant acquired by the Italian firm in 2006. Producing a range of predominantly gifting chocolate, with an emphasis on chocolate truffles, Prestat reported sales of £7 million ($9.3 million) last year …
Mondelez International, the US confectionery and snacks firm, has revealed it has taken a minority stake in Uplift Food, a start-up focusing on prebiotic functional foods, for an undisclosed sum. The investment is the first Mondelez International has made via its SnackFutures venture hub, announced last November, which aims at unlocking snack growth opportunities around the world. Uplift Food’s Daily Uplifter is a vanilla-flavoured dietary supplement described as containing “gut-nourishing” prebiotics to …
Halewood, the UK-based wine and spirits firm, is expanding its footprint in Australia by buying local spirits firm Ironbark Distillery and setting up a dedicated Australian division, according to a report in Spirits Business. Based in New South Wales, Ironbark Distillery markets vodka, gin, rum and moonshine, which are described as being produced using local mountain spring water. Under the terms of the deal, the distillery’s flagship brand Ironbark Dry …
Campbell Soup, the US food business, has announced it is selling its Garden Fresh Gourmet business to an affiliate pf Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pates, and frozen desserts, for an undisclosed sum. Campbell Soup bought Garden Fresh Gourmet in 2015, at the time bidding to expand in packaged fresh and organic foods. The sale forms part of Campbell’s Soup strategy, announced …
Marks & Spencer, the UK department store chain, has announced it has partnered with digital grocery specialist Ocado to create its first major platform for online grocery retail. Under the joint venture, M&S is acquiring a 50% share of Ocado’s UK retail business, which will be supported by Ocado Smart Platform, for a total consideration of up to £750 million ($999 million). Marks & Spencer said the venture would trade as …
Saputo, the Canadian dairy giant, has announced it has reached an agreement to acquire its UK peer Dairy Crest in a deal worth around £975 million ($1.28 billion). Headquartered in the UK, Dairy Crest manufactures and markets cheese, butter, spreads and oils under leading brands such as Cathedral City, Clover, Country Life and Frylight, and also produces value-added dairy ingredients. It employs approximately 1,100 people in seven locations across the UK and generated £456.8 million ($600.5 …
US food company Hormel Foods has announced it has agreed to sell its CytoSport sports nutrition business to fellow US consumer goods firm PepsiCo for an undisclosed sum. Hormel Foods acquired CytoSport, which markets the Muscle Milk and Evolve Protein range of protein powders, shakes and bars, in 2014 for approximately $450 million. Commenting on the sale, Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods, …
Nestle, the consumer goods giant, has revealed it intends to “explore strategic options” for its Herta charcuterie (cold cuts and meat-based products) business, with a view to a potential sale. Announcing the move alongside its financial results for 2018, Nestle said the decision was “a further step in positioning the portfolio towards attractive high-growth categories”. Recent times have seen the Swiss firm shifting its business towards ‘better for you’ segments, such …
Tayto, the UK’s third largest snacks firm, has signed a deal to acquire “grab and go” snack firm Bite UK, according to media reports. The joint venture, to be called Bite UK Snacks, will reportedly focus on “healthy snacking” and will see Bite UK’s flagship Pure Bite brand distributed throughout Tayto’s network. The Pure Bite range includes Strawberry & Gojiberry and Blueberry & Cranberry Popped Rice Clusters, Almond and Hot …
Clover Industries, the leading South African dairy firm, is the subject of a buyout bid by a multinational consortium, according to media reports. The bid, which values the company at 4.8 billion ZAR ($359 million), is being led by Israels’s Coca-Cola franchise Central Bottling Co, which owns 60% of the potential acquirer. Other partners include the South African investment firm Brimstone Investment. It is reported that, if the bid is …
Burton’s Biscuit, the UK bakery firm behind brands such as Maryland and Wagon Wheels, has announced the acquisition of Dorset-based biscuit firm Thomas Fudge’s for an undisclosed sum. Founded in 1916, Thomas Fudge’s focuses on “indulgent” sweet and savoury biscuits, producing lines such as florentines, flapjacks, biscuits for cheese, wafers and flatbreads. In a statement, Burton’s Biscuit described the premium sector as one of the fastest-growing in the biscuit category, …
Leading consumer goods firm Unilever has announced it has acquired The Laundress, a premium-positioned eco-friendly line of detergent, fabric care, and home cleaning products based in New York, USA. Founded in 2004 , The Laundress is described as being “dedicated to turning necessary household chores into a luxurious and enjoyable experience”. The firm’s product line includes laundry and fabric detergent products such as detergent, fabric conditioner and bleach alternative, alongside …
Coca-Cola has announced it has taken full ownership of Chi, described as Africa’s leading producer of juice and value-added dairy drinks. The soft drinks giant had previously taken a 40% stake in the Nigerian firm, with provision to increase equity investment to 100% within three years. The deal “further signals Coca-Cola’s optimism about Africa’s consumer opportunity and a commitment to its long-term investment and growth plan on the continent”, Coca-Cola said in a statement. …
Saco, a distributor of specialty consumer packaged goods, has announced it is to acquire leading sun-dried tomato business California Sun Dry for an undisclosed sum. California Sun Dry has a comprehensive product portfolio of jarred and bagged sun-dried tomato products, as well as related products such as tomato spread and pesto, and enjoys the number one market share position in the US sun-dried tomato category. Saco said the acquisition would help …
Varun Beverages, PepsiCo’s Indian bottling partner, is set to acquire PepsiCo’s company-owned bottling, sales and distribution operations in the south and west regions of India, according to a report in the Economic Times. Varun Beverages is already the franchise partner for PepsiCo’s bottling operations in the North and East, having acquired those divisions in 2014. The latest acquisition, the value of which is said to be between 24 and 27 billion INR ($340 and $380 …
Casino, the French supermarket group, has announced plans to sell of a total of 32 hypermarkets and supermarkets in France as part of a plan to dispose of non-strategic assets. The retailer said it had signed agreements to sell six hypermarkets located outside the Paris region in the towns of Castelnaudary, Saint Gregoire, Dole, Cholet, Anglet and Castres, to E. Leclerc for a combined consideration of €100.5 million ($115 million). It said …
Fuller’s, the UK beermaker, has announced it has entered into an agreement for the sale of its entire beer business to the European division of Japanese drinks giant Asahi for an enterprise value of £250 million on a debt free, cash free basis. The business being sold comprises the entirety of Fuller’s beer, cider and soft drinks brewing and production, wine wholesaling, as well as distribution, and also includes the Griffin Brewery, …
Dairy giant Lactalis is expanding its presence in the Middle East with the acqusition of milk and cheese firm Greenfield from Kuwaiti restaurant and foods business Americana Group. The French firm said the acquisition will strengthen the position of its Lactalis Halawa joint venture as a major producer of dairy products in Egypt, and demonstrated its interest in developing the Egyptian market. Founded in 1995, Greenfield owns 5 factories in Egypt and employs 1,250 …
Molinos Rio De La Plata, the leading Argentine food firm, has announced the acquisition of the La Saltena pasta and dough brand from US food giant General Mills. Describing La Saltena as a brand with a “great tradition” in the lives of Argentinian families, Molinos Rio De La Plata said its aim was to develop awareness of the brand in every household in the country. La Saltena offers fresh pasta as …
Lactalis, the French dairy giant, has announced it has acquired the Indian milk processor Prabhat Dairy, with the operation set to be effective at the beginning of the second quarter of 2019. Economic Times reports that Lactalis paid about 1,700 crore INR ($283 million) through a slump sale, and that the deal includes Prabhat Dairy’s milk processing business as well as its subsidiary Sunfresh Agro Industries. Established in 1998 in Shrirampur, Maharashtra, Prabhat Dairy …
Brazilian food conglomerate BRF has announced the sale of its assets in Campo Austral, a manufacturer of refrigerated and frozen meat products, and with it its exit from the Argentinian meat sector. According to Clarin, the $145.5 million sale was executed in parts, as the Campo Austral plant in Florencio Varela and its associated assets and liabilities, including the Bocatti and Calchaqui brands, will be taken over by the Argentine …
The German division of Danish dairy giant has announced it has sold its plant in Bad Worishofen to the Belgian cheesemaker Vache Bleue. Arla said it decided to take the step of seeling the plant as production and distribution of the speciality cheeses produced there were no longer in line with the strategic orientation of the stores it supplies in Germany and Europe. The transaction includes the sale of all shares in the French …
Peet’s Coffee, a US speciality coffee company, has announced it has acquired a majority stake in Revive Kombucha, a craft brewery based in Petaluma, California, for an undisclosed sum. Revive offers an array of naturally fermented, organic, GMO free, fair trade certified, and raw bottled kmobuchas, available in the varieties Ginger Lime, Original Cola, Hibiscus Refresher, Turmeric Ginger Citrus, Yerba Mate Ginger, Mocha Java Coffee and Cucumber Mint Lemon. Peet’s Coffee said …
Life on Earth, a US consumer goods firm offering “all-natural” drinks and snack products, has announced it has entered into a binding letter of intent to acquire 100% ownership interest in Wild Poppy, a maker of “fresh and clean” drinks across the USA. The Wild Poppy range comprises four varieties of fruit juice as well as a line of three carbonated drinks, the latter launched in 2017. The product line has distribution in 1,100 outlets …
Arla, the Danish dairy giant, has announced the acquisition of Mondelez’s processed cheese business in the Middle East region, which is currently licensed under the Kraft brand. Arla said the deal was set to significantly strengthen its position in the Middle East and North Africa, giving access to new product categories, new markets and a state-of-the-art production site. The company said that, up till now, most of its products sold in …
Multinational tobacco firm Altria has announced it has paid $12.8 billion to acquire a 35% stake in e-cigarette company Juul. Announcing the purchase, Altria said the move would allow Juul the opportunity to reach adult smokers through prime retail shelf space, inserts in cigarette packs and an adult smoker database. It added that the service agreements would accelerate Juul’s mission to switch adult smokers to e-vapour products. Commenting on the …
Conagra Brands has announced it has found a new buyer for its Wesson oil business, after a previous deal to sell the brand to JM Smucker fell through over anti-trust concerns. The US food manufacturer and owner of brands such as Gardein, Reddi Whip and Marie Callender’s, said it had reached a definitive agreement to sell the Wesson division to Richardson International, Canada’s largest agribusiness firm. Wesson is an edible …
Multinational consumer goods firm Unilever has announced the acquisition of De Vegetarische Slager (The Vegetarian Butcher), a Netherlands-based meat substitutes firm, for an undisclosed sum. Unilever said the acquisition fitted with its strategy of expanding its portfolio into plant-based foods that are healthier and have a lower environmental impact, and would allow it to respond to the growing demand for vegetarian and vegan meals. Founded in 2007, The Vegetarian Butcher produces plant-based …
Leading healthcare and pharmaceuticals firm GlaxoSmithKline (GSK) and Pfizer have announced plans to merge their respective consumer health businesses in a move that will see GSK separate to create two new global companies. GSK said it would have a majority controlling equity interest of 68% in the joint venture, which has combined sales of approximately £9.8 billion ($12.7 billion) and will bring brands such as Sensodyne, Voltaren and Panadol together with Advil, Centrum …
Dutch dairy multinational FrieslandCampina has announced the acquisition of Millan Vicente, a co-packer and distributor of cheese based in Zaragoza, Spain for an undisclosed sum. Describing Millan Vicente as an important partner in Spain for many years, FrieslandCampina said the deal would further strengthen FrieslandCampina’s position in supplying cheese to Spanish and Portuguese consumers. Millan Vicente was founded in 1995 and provides a wide variety of cheeses to modern retail. Post-acquisition it will …
Orkla has announced that it has disposed of its Mrs Cheng’s brand, selling the business to Continental Foods for an undisclosed sum. The Mrs Cheng’s brand, which has a product portfolio of soy sauces and Thai casserole bases in Sweden, became a part of Orkla through the acquisition of Rieber & Son in 2013 and had net sales of 23.5 million SEK ($2.56 million) in 2017. Commenting on the deal, Orkla …
Altria, the multinational tobacco firm, has diversified into the cannabis sector with the acqusition of a 45% equity stake in Cronos Group for an aggregate investment of approximately USD $1.8 billion. Altria said the deal would leave it better positioned should cannabis become federally permitted in the US. Cronos Group is a vertically integrated cannabis company that operates the Canadian licensed producers Peace Naturals Project and Original BC, with a portfolio of brands which …
Kraft Heinz, the US-based food multinational, has announced the acquisition of sauces and dressings firm Primal Kitchen for $200 million. Primal Kitchen is described as a “better-for-you” brand primarily focused on condiments and sauces including mayonnaise, salad dressings and avocado oil, but with growing product lines in snacks and other categories. The brand is claimed to hold leading positions in both e-commerce and natural channels and is expected to generate …
Duvel Moortgat, the Belgian brewing firm, has taken a 60% stake in London-based kombucha firm Jarr Kombucha, according to a report in The Drinks Business. The deal will reportedly allow Jarr Kombucha to “significantly increase production” as well as giving it access to Duvel Moortgat’s UK distribution network. Funds raised from the acquisition are also said to be earmarked for a new site in London. Jarr Kombucha comes in Original, Ginger and …
Rhodes Food Group, the leading South African food firm, has revealed it is acquiring the protein snacking business of RCL Foods for ZAR 30 million ($2.15 million). Announcing the deal alongside its third quarter results, Rhodes Food Group said the newly acquired business, which produces protein snack foods for leading retailer Woolworths, would be integrated into Rhodes Food Group’s ready meals operation in Groot Drakenstein. “The protein-snacking business is complementary to …
CJ CheilJedDang (CJCJ), South Korea’s leading food firm, is taking an 80% stake in US food delivery and consumer brands firm Schwan’s via its US susbsidiary, according to a report in the Minnesota Star Tribune. Schwan’s turns over about $3 billion per annum and markets a variety of frozen retail products, including Red Baron, Freschetta and Tony’s pizzas, Mrs Smith’s pies and Edwards desserts, alongside operating its flagship food delivery service. …
Post, the US cereal giant, has announced it is to spin off its active nutrition business through an IPO. The company said it had approved a plan to separate its active nutrition business into a publicly traded company, “creating a scalable, high growth asset with dedicated capital resources and the strategic flexibility to pursue both organic and M&A opportunities”. Post’s nutritional arm markets ready-to-drink protein and other beverages, protein powders, nutrition …
Diageo, the UK based alcoholic drinks giant, has announced the sell-off of 19 brands to the US spirits firm Sazerac for an aggregate consideration of $550 million. The transaction includes the whiskey brands Seagram’s VO, Seagram’s 83 and Seagram’s Five Star, the rum brands Myers’s and, Parrot Bay, the sambuca brand Romana, the vodka brand Popov, the liqueur brands Yukon Jack and Goldschlager, and the cocktail brand Stirrings, alongside brands such …
Premier Foods, the UK food manufacturer, is mulling the sale of its Ambrosia custard and desserts brand as it continues to look at ways of reducing its debt burden. The company made the announcement as it reported a statutory loss after tax of £700,000 ($910,000) for the first half of its financial year, despite growing revenue by 1.3% and seeing trading profit increase by 6.2%. The Ambrosia brand range includes canned and frozen …
Kraft Heinz, the multinational food firn, has announced it is selling its natural cheese business in Canada to dairy firm Parmalat for C$1.62 billion ($1.23 billion) The agreement includes the sale of natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza! in the Canadian market, as well as a production facility located in Ingleside, Ontario. Kraft Heinz said it would continue to own and market its other cheese products in Canada, …
Global snacks and drinks giant PepsiCo is set to acquire the upscale UK crisps brand Pipers, with the deal due to be completed in early 2019 subject to regulatory approval. Founded in Lincolnshire in 2004, Pipers claims to focus on using local ingredients to deliver “the best taste and quality possible”. It supplies hotels, pubs and restaurants as well as selected retail outlets such as delis and farm shops. PepsiCo said …
PepsiCo, the snack food and soft drinks giant, has announced its further expansion into the health and wellness arena with the acquisition of plant-based food maker Health Warrior. Founded in 2011 Health Warrior makes products such as nutrition bars, mug muffins and protein powder that are described as containing plant-based superfood, nutrient-dense and gluten-free ingredients and also as being low in sugar. The acquisition is PepsiCo’s first to form part …
Multinational food and beverage company Kraft Heinz has annoucned an agreement to sell its India brands to consumer health firm Zydus, the personal care arm of Indian pharmaceutical company Cadila Healthcare, for approximately $625 million on a debt free and cash free basis. The portfolio of brands includes Complan, Glucon-D, Nycil and Sampriti. “The sale of this niche business fits into our overall global growth strategy and our focus on investing in …
T. Manzetti, a wholly-owned subsidiary company of Lancaster Colony, has acquired New York-based bakery firm Bantam Bagels for $34 million. Bantam Bagels is a producer and marketer of frozen mini stuffed bagels and mini stuffed pancakes for both retail and foodservice with an annual net sales of around $20 million. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. Dave Ciesinski, …
Irish global nutrition group Glanbia has signed an agreement to acquire Florida-based SlimFast, a leading weight management and health & wellness firm, for $350 million. The deal also includes SlimFast’s sister company HNS. The SlimFast portfolio includes ready-to-drink and ready-to-mix products as well as a new Advanced Nutrition range of meal replacement shakes and smoothies and registered $212 million of net sales in 2017. Glanbia group managing director said: “I am pleased to announce …
Nestle’s Malaysia arm is to invest over 100 million MYR ($24 million) to expand its Chembong Milo production facility, investing in what the company describes as a “key manufacturing hub”. According to Nestle, the Chembong facility expansion will establish the world’s biggest Milo manufacturing centre, with capacity to better meet growing local and export demand. “This move is an investment to further strengthen our Nestle presence in Malaysia”, commented Alois Hofbauer, CEO of Nestle …
Japanese snack producer Calbee, through its UK subsidiary, has announced the acquisition of savoury snack manufacturer Seabrook. Based in Bradford, Seabrook produces a range of crinkle cut, straight cut and lattice crisps, as well as low-calorie snacks. The brand’s crisps are available in sea salt and red wine vinegar, cream cheese and chives, and lamb and mint flavours. In a statement, the company said: “Through the acquisition of Seabrook brand …
Maple Leaf Foods, a Canadian manufacturer of meat products, has announced the signing of a definitive agreement to acquire Viau Foods, a Canadian leader in premium cooked and dry-cured meats. The purchase was set for $215 million, including $30 million in Maple Leaf stock, to be financed through a combination of cash-on-hand and drawings. VIAU produces a range of prepared meat products including Italian cooked meats, sausages, pizza toppings, shaved …
The French division of soft drinks powerhouse Coca-Cola has announced the acquisition of still drinks producer Tropico, along with its namesake brand. Tropico soft drinks are sold in most retail chains in France and Belgium, generating revenue of around $34 million last year. According to a company statement, Tropico is Coca-Cola’s first in Frnce and is said to be part of a diversification strategy that will enable the company to grow in …
Cocoa processor Barry Callebaut has announced the acquisition of Burton’s Foods chocolate factory near Liverpool, UK, for an undisclosed amount. The Swiss company will acquire the British factory by the end of this year to expand its manufacturing capacity in the country. Barry Callebaut has also announced an agreement with the biscuit maker for the long term supply of over 12,000 tonnes of chocolate and compound a year to Burton’s …
Portuguese retailer Jeronimo Martins has acquired five stores from Piotr iPawel, a competing retail chain of delicatessen and supermarket stores operating in Poland. The acquisition sees Jeronimo Martins pursuing its strategy of expanding outside Portugal. The opportunity arose at a time that Piotr iPawel is reported to be experiencing financial difficulties. Jeronimo Martins now owns 2,837 stores globally. The newly-acquired stores, located in Wroclaw, Poznan, Tychy and Kalisz, will be operated …
Australian fruit and vegetable cannery SPC, part of the Coca-Cola Amatil group, has sold the IXL jam and Taylor’s marinade and sauces brands to Kyabram Conserves. Terms of the sale were not disclosed. According to a company statement, Kyabram Conserves will continue to produce IXL and Taylor’s products from the site in Kyabram. “IXL and Taylor’s are great brands, but the Spreads and Sauces/Marinades categories were a small part of the …
US-based discount retail chain Wal-marthas announced the acquisition of Cornershop, a leading online marketplace for crowdsourced on-demand deliveries from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, in a deal worth $225 million. According to Walmart, the transaction is an important step forward to accelerate the company’s omnichannel capabilities and its growth in Latin America. Judith McKenna, president and CEO of Walmart International, said: “Cornershop’s digital expertise, technology and …
The Australian arm of soft drinks giant Coca-Cola has announced the acquisition of kombucha maker Organic & Raw Trading , owner of the Mojo organic live culture kombucha drinks brand. The acquisition of Mojo sees Coca-Cola enter the kombucha category for the first time. Commenting on the acquisition, Coca-Cola Australia president Vamsi Mohan said: “This is another important step in our company’s ongoing work to offer beverages for all occasions, which …
Canned seafood producer Ocean Brands has announced the acquisition of Canadian brand Club Des Millionnaires from Harold T. Griffin. Club Des Millionnaires produces a broad range of canned sardine and anchovy products including small sardines (brislings) bearing the tagline “Fish She is Very Small”. “We are very pleased with the acquisition of Club Des Millionaires”, said Ocean Brands president Ian Ricketts. “Today’s consumers have an increased demand for natural sources …
Leading US multinational Cargill has announced the acquisition of Polish value-added food company Konspol, which manufactures a portfolio of chilled, convenience, frozen and cold cut categories. As a result of the acquisition, Cargill strengthens the company’s global poultry footprint to 14 countries. The deal will aso increase production capacity and proximity to existing customers offering expanded value-added and poultry products, the company said Konspol operates a feed mill, five broiler farms …
Global beverage giant Diageo, through its Distill Ventures arm, has acquired Westward, a leader in the American single malt whiskey category, for an undisclosed amount. The investment includes both the current distillery in Portland as well as the whiskey brand and inventory, reportedl allowing the distillery to expand capacity by 40% next year. Westward whiskey will continue to be made exclusive at its Portland facility, with the business founders and …
US confectionery firm Hershey has announced a definitive agreement to purchase Pirate Brands from B&G Foods for $420 million. The “strategic acquisition” includes the Pirate’s Booty, Smart Puffs and Original Tings brands. Pirate Brands will operate within Amplify, Hershey’s ‘better-for-you’ snacking hub in Austin. Commenting on the deal, Hershey’s chief growth officer Mary Beth West said: “Pirate’s Booty is a leading cheese puffs brand loved by moms and kids as a …
Brazilian confectionery maker Florestal Alimentos has announced the acquisition of chocolate firm Chocolates Planalto. Florestal Alimentos and Chocolates Planalto are both base in the Rio Grande do Sul state in southern Brazil, but whilst Florestal Alimentos is specialised in sugar confectionery, Chocolates Planalto is focused solely in artisanal chocolate. The deal will enable Florestal Alimentos to enlarge its portfolio beyond its current 420-strong product range and move into more artisanal products. …
Netherlands based multinational food company Wessanen has signed an agreement to acquire plant-based dairy alternative brand Abbot Kinney’s for an undisclosed sum. According to a company statement, dairy alternative products are a core category for Wessanen and Abbot Kinney will be a good addition to Wessanen’s portfolio. “Driving the change to plant-based food is the essence of our strategy”, commented Wessanen CEO Christophe Barnouin. “The acquisition of Abbot Kinney’s is …
Fresh prepared food provider Bakkavor Group is to acquire Haydens Bakery from Real Good Food for £12 million. The deal is subjected to adjustment in relation to levels of working capital and net debt. This comprises £9.6 million in cash and £2.4 million of existing finance leases. Founded in 1976, Haydens Bakery is a manufacturer of sweet bakery products for UK’s grocery retailers operating from two facilities in Devizes in …
Finnish dairy firm Valio has announced that will merge two of its co-operatives into a new co-operative ready to launch on 1 September 2019. Based in Lapinlahti, the new co-operative, a result of the merger of Osuuskunta ItaMaito and Osuuskunta Maitosuomi, will be known as Osuuskunta Maitosuomi and will be Valio’s largest single shareholder with a stake of 42.7%. It will also be Valio’s leading supplier of raw milk, providing …
UK bakery manufacturer Finsbury Food Group has announced the acquisition of ‘free from’ bakery manufacturer Ultrapharm Ltd for £17 million ($13.3 million). According to a Finsbury Food Group statement, the acquisition is part of an ongoing plan to diversify the company’s product capability into high growth areas. Founded in 1993, Ultrapharm has a workforce of 240 employees developing an extensive range of bakery products such as bread, bun, rolls and …
French farming and food cooperative Agrial has announced the acquisition of UK cider producer Aston Manor. Financial terms were not disclosed. Agrial has 150 processing sites in 15 countries and develops food-processing activities in the fields of milk, fresh produce, beverages and meat. Aston Manor is the UK’s largest independent cider producer, operating four sites and manufacturing brands such as such as Kingstone Press, Frosty Jack’s and Knights , as well …
Fishing and food business Sea Harvest has entered into agreement to acquire South African dairy firm Ladismith Cheese for 527 million ZAR ($35.8 million). Sea Harvest group CEO, Felix Ratheb said: “Ladismith Cheese exhibits strong fundamentals. It is a profitable, branded fast moving consumer goods food manufacturer of significant scale in the food and agricultural sector”. “The acquisition of Ladismith Cheese will provide Sea Harvest, through its wholly-owned subsidiary company, …
Multinational carbonated drink firm Coca-Cola has announced the acquisition of Moxie, a New England soft drink brand, for an undisclosed sum. According to sources, the Coca-Cola is acquiring the Moxie brand from Coca-Cola of Northern New England, which is an independent bottling partner of the main company based in Bedford, New Hampshire. Moxie was patented in 1885 and is said to be the first bottled carbonated beverage made in the United States. “Moxie is …
Indian snack food company Prataap Snacks has announced the acquisition of an 80% of share in Avadh Snacks, a Gujarat based snack food company, for 148 crone INR ($2.1 millon ). Prataap Snacks manufactures fried and sliced crisps made from potatoes, hummus, lentils, and namkeen, a type of traditional savoury Indian snack, under the Yellow Diamond brand name, while Avadh Snacks manufactures namkeens under the Avadh brand name. Amit Kumat, …
Dutch multinational dairy cooperative FrieslandCampina has taken over activities of Best Cheese Holland, including brands such as Parrano and Tjiezi. The acquisition is described as a response to the growing demand of consumers for cooking and snacking cheeses. “The acquisition of the brand Parrano and the dairy dippers fits in well with our ambition to provide dairy products for all consumption moments”, said Roel van Neerbos, president of FrieslandCampina Consumer …
Cola-Cola Amatil, the Australian softt drinks and food firm, has started a “strategic review” of SPC, an Australian processor of packaged fruit and vegetablea. According to Alison Watkins, managing director of Coca-Cola Amatil, the review coincides with the completion of a four-year, A$100 million ($72 million) co-investment in SPC in conjunction with the Victorian government. “We believe there are many opportunities for growth in SPC, including new products and markets, further …
Global food and drinks giant Pepsico has acquired Israel-based SodaStream for $3.2 billion. SodaStream makes home-machines which transform tap water into carbonated water that can be flavoured by adding syrups. “Today marks an important milestone in the SodaStream journey. It is validation of our mission to bring healthy, convenient and environmentally friendly beverage solutions to consumers around the world”, commented Daniel Birnbaum, SodaStream director and CEO. “PepsiCo and SodaStream are …
Hormel Foods and WholeStone Farms have entered into an agreement to sell the Hormel Foods processing plant in Fremont, NE to WholeStone Farms. The transaction includes both the processing plant and a multiyear agreement to supply raw pork to Hormel Foods. “The strategic decision to transition the Fremont facility to WholeStone arms reflects the long-term, changing dynamics in the pork industry, and most important, is aligned with our vision as …
Soft drinks powerhouse Coca-Cola has announced it has entered into a definitive agreement to acquire a minority stake in functional drinks business Bodyarmor for an undisclosed sum. The firm said that the deal was “uniquely structured to create value for both companies” and would allow it to increase its holding in the future, including a “path to ownership under defined terms”. Bodyarmor’s flagship Superdrink is described as “a premium sports drink […] …
Freedom Foods Group, the Australia based cereal and snacks producer, has announced the acquisition of nutrition products manufacturer Crankt Protein for A$3.5 million ($2.5 million). Based in New South Wales, Crankt Protein produces protein snack bars and shakes which are sold in Australia and New Zealand through fitness retailers, petrol stations and other channels. Freedom Foods Group manufactures and markets breakfast cereal, snacks, dairy and non-dairy milk as well as …
Valeo Foods, the Irish food firm, is acquiring the UK sweetmaker Tangerine Confectionery from private equity fund Blackstone in a deal worth in excess of £100 million ($127 millino), according to Sky News and Food Manufacture reports. The acquisition is said to include manufacturing sites in Pontefract, York, Blackpool, Cleckheaton and Liverpool that together employ more than 1,000 staff, and will bring together traditional confectionery brands including Poppets, Fox’s, XXX, Barratt’s, Dip …
Zentis, the fruit and preserves firm, has announced plans to take full control of chocolate spread maker Peeters over the coming years. The German jam maker said it had increased its stake in Peeters in July from 37 to 50%, and intended to acquire 100% of the shares in the business by January 2021. The move would fully integrate Peeters, which markets the Penotti chocolate spread brand, as a Zentis …
San Francisco Equity Partners (SFEP), a private equity firm focused on growth consumer goods companies, is taking a majority stake in frozen ‘cheese bread’ brand Brazi Bites, according to a report in Project Nosh. With a reported revenue of $8.5 million, Brazi Bites specializes in Brazilian-style ‘cheese bread’ which it distributes to stores across the US in Cheddar & Parmesan, Garlic Asiago, Zesty Pepper Jack and 3 Cheese Pizza flavours. …
Hindustan Unilever, the Indian arm of the Anglo-Dutch multinational, has announced the acquisition of the ice cream brand Adityaa Milk from Vijaykant Dairy for an undisclosed sum. The firm said the proposed acquisition was in line with its strategic objective of strengthening its position in the rapidly growing ice cream and frozen dessert market in India. Incorporated in September 2004, Adityaaa Milk is described as a fast-growing brand with origins …
Multinational brewer Heineken has announced the signing of a non-binding agreement with China Resources Enterprise (CRE) and China Resources Beer (CR Beer) that will strengthen the Dutch firm’s presence in the Far East. The $3.1 billion agreement will create a long-term strategic partnership in which Heineken will become a 40% minority partner of CRH Beer, the Chinese beer market leader and controller of CR Beer. Under the terms of the …
US confectionery firm Hershey has announced the sale of Golden Monkey, a Shanghai-based confectionery brand, to Henan Yuxiang Food Technology for an undisclosed amount. The move comes as volume sales of sugar confectionery have reportedly declined in China as consumers switch to healthier options. Alongside confectionery, Golden Monkey also markets a tofu-based snacking brand called Munching Monkey. Commenting on the news, Hershey spokesperson Jeff Beckman said: “We are constantly evaluating …
Johnson & Johnson, the leading healthcare firm, has announced that it has reached an agreement to acquire the natural medicine and supplements business Zarbee’s for an undisclosed sum. Founded in 2008, Zarbee’s is the owner of the Zarbee’s Naturals brand of healthacare products for adults and children, including throat lozenges, cough medicine, vitamins and immunity support supplements. Commenting on the deal, Katie Devine, global president, OTC Franchise, Johnson & Johnson Consumer, said: …
Biscuit International, a leading player in the private label biscuit market in Europe, has expanded its business with the acquisition of Arluy, Spain’s fifth largest producer and distributor of biscuits. A family-owned business, Arluy was founded in 1988 and markets a portfolio including Reglero, Rio, Zahor and B-live as well as the flagship Arluy brand. Based in the Rioja region, the company reportedly generated turnover last year of more than …
International cosmetics firm L’Oreal is strengthening its presence in the natural personal care space with the acquistion of the German company Logona. Founded in 1978 and based in Hanover, Germany, Logona markets a range of products under brands such as Logona and Sante, with an emphasis on plant extracts and natural ingredients. The firm’s premium-positioned Logona brand range includes haircare, skincare and hygiene products and is mostly sold through specialist channels. Meanwhile the …
Premium Brands, the speciality food firm, has announced that it has taken a 62.6% interest in Yorkshire Valley Farms, a poultry processor based in Canada. Yorkshire Valley Farms is a leading producer of fresh and frozen chicken products such as chicken joints, mince, burgers and meatballs, the majority of which it markets under its namesake brand. The firm has annualized sales of approximately C$65 million ($50 million) and operates a …
Rocky Mountain High Brands, a lifestyle brand management company, has announced the total acquisition of BFit Brands, maker of whey protein and energy drink FitWhey. FitWhey is described as being a naturally sweetened, flavoured and coloured water-based protein drink that combines quality whey protein isolate with caffeine and vitamin B. Designed to “maximize performance”, the beverage is made with nine ingredients and comes in Berry, Lemonade, Orange Cream and Grape …
Belgian biscuit and cake manufacturer Lotus Bakeries has announced the purchase of baby and toddler food business Kiddylicious for a price in the region of £42 million ($55 million). The sale price is described as being about twice Kiddylicious’ forecast sales for 2018. Based in southern England, Kiddylicious was set up in 2009 and last year posted £16 million in sales. The brand will join Bear snacks and Nakd snack …
Calu, a Brazilian agricultural cooperative, has announced the sale of its plant in Uberlandia’s industrial district in Minas Gerais to dairy firm Polenghi, part of the French Savencia group. The deal follows suspension of construction at the site in 2015, with 90% of the works completed, due to the economic situation in Brazil. According to sources, Polenghi plans to restart construction works soon and expects production to begin in January …
Intersnack, the German snacks giant, has announced the acquisition of Popchips Ltd, the firm that owns and markets the Popchips brand in Europe. In North America and other international markets the brand will be retained by Popchips Ltd’s parent company Popchips Inc. The Popchips brand range includes crisps and potato-based puffed snacks in a variety of flavours. Commenting on the deal, KP Snacks CEO Mark Thorpe said: “Popchips is a …
Germany-based food producer Dr. Oetker has acquired Tag El Melouk, the leading Egyptian manufacturer of baking ingredients, desserts, and other food products, for an undisclosed amount. Tag El Melouk , which has two production facilities in Cairo, produces a range of products in the baking ingredients and dessert powders categories under the brands Cook’s and Tag El Melouk. Founded in 1954, the firm employs around 400 staff and has revenue …
P&G, the leading household and personal care firm, has acquired makeup and skincare firm First Aid Beauty, according to a report in WWD. The transaction is said to be valued at around $250 million, although P&G declined to disclosed specific terms of the deal. Founded by Lilli Gordon in 2008, First Aid Beauty markets a range of toiletries and cosmetics designed to target skin concerns such as acne, eczma, redness and …
Confectionery firm Darrell Lea has announced the purchase of the Life Savers brand from the Australian arm of multinational consumer goods giant Nestle for an undisclosed sum. The agreement will see Darrell Lea, which is owned by Quadrant Private Equity, acquire rights to the Life Savers brand in Australia and New Zealand. Darrell Lea will then move its confectionery manufacturing operation from New Zealand to Australia, with the production line …
US-based consumer goods firm B&G Foods has announced the acquisition of the McCann’s Irish Oatmeal brand from TreeHouse Foods, the private label manufacturer, for $32 million in cash. Positioned as a “premium” Irish oatmeal brand, McCann’s is sold across the USA and Canada as a classic traditional steel cut Irish oatmeal “known for the distinctive, nutty flavor of steel cut Irish oats”. TreeHouse Foods first acquired the McCann’s Irish Oatmeal …
Danish beverage company Royal Unibrew has completed the acquisition of 100% of the French drinks maker Etablissements Geyer Freres (EGF) for 600 million DKK ($94 million). EGF manufactures organic and local products and owns Lorina lemonade as well as the PureThe and InFreshhh brands. The firm employs 100 staff and operates production facilities in the north-eastern part of France, and has a significant presence in retail channels in France and the …
Latin American wine maker Vina Concha y Toro has announced the acquisition of a 50% stake in US distributor Excelsior Wines, America Retail reports. Excelsior Wines is the exclusive distributor of Concha y Toro as well as its Argentine property Trivento in North America. It also markets the Little Black Dress and Five Rivers lines of Californian wines. According to the Chilean firm, the acquisition represents an investment of $40.5 …
Melitta, the leading German manufacturer of coffee, coffee makers and coffee accessories, has announced the acquisition of the Italian household goods firm Cuki Group. Based in Volpiano, near Turin, Cuki Group is the parent company of Cuki Cofresco, the Italian market leader in food storage and refuse bags. The company markets retail brands such as Cuki and Domopak and manufactures goods including foil, baking paper and food storage bags. Cuki Group’s …
US-based alcoholic drinks firm Constellation Brands has announced the acquisition of Four Corners Brewing, a Texan craft brewery founded in 2012, for an undisclosed sum. The craft beer brand will join California’s Ballast Point Brewing and Florida’s Funky Buddha Brewery within Constellation’s Craft and Speciality beer group. Four Corners flagship brands are Local Buzz Honey-Rye Golden Ale and El Chingon IPA. The firm is described as brewing “an entire portfolio …
Blue Gem, the private equity firm that owns upermarket retailer Liberty, fashion brand Jack Wills and baby care firm Mamas and Papas, is expanding in the cosmetics market with the acquisition of Iconic London. Launched via Instagram in 2015, Iconic London offers “cruelty-free” and vegan make up products and is said to have built a following of 800,000 consumers through social media. The company offers a broad range of cosmetics, including eye …
Lion, the Australian drinks and dairy firm, has announced the acquisition of UK craft beermaker Fourpure Brewing Co for an undisclosed sum. Founded in 2013 by brothers Daniel and Thomas Lowe, Fourpure Brewing Co offers a range of beer “inspired by adventure”. The flagship range comprises Session IPA, Easy Peeler Citrus Session IPA, American Pale, Pils Lager and Oatmeal Stout. The company also offers a range of seasonal and special edition …
Brynwood Partners, the US investment firm, has made its latest play in the food and drinks space with the acquisition of bakery assets belonging to food manufacturer JM Smucker. According to Brynwood Partners, the deal includes the exclusive US rights to the Pillsbury shelf-stable baking range, along with the Hungry Jack, White Lily, Jim Dandy and Martha White brands. The Pillsbury brand licence agreement is described as a royalty-free, perpetual agreement with brand owner General …
Patisseries Gourmandes, a French firm specialized in making baked goods, has entered into an exclusive negotiation to acquire the manufacturing activities of fellow bakery firm La Trinitaine, according to a report in Ouest-France. Stores operating under that La Trinitaine banner are said to be excluded from the deal. Founded in 1956, La Trinitaine produces a range of biscuits, cakes and other bakery products, with a focus on Breton specialities, and …
Mast-Jagermeister, the manufacturer of herbal liqueurs, has taken a stake in craft gin brand Gin Sul, according to a report in About Drinks. Described as a Hamburg gin with Portuguese roots, Gin Sul features as a key botanical cistus ladanifer, a citrus-flavoured plant that is said to grow wild on Portugal’s Costa Vicentina. Described as one of Germany’s leading premium gin brands, Gin Sul is sold in white-coloured bottles and is …
Dean Foods, the US consumer goods firm, has announced the acquisition of a majority stake in Good Karma, a leading brand of flaxseed-based products. The company took a minority stake in the dairy alternative producer last year. Based in Boulder, CO, USA, Good Karma produces a range of plain, flavoured and nutritionally-enhanced flaxseed milk alternatives, as well as dairy-free yoghurts and yoghurt drinks. The firm’s product range is said to “deliver strong nutritional …
Coca-Cola FEMSA, the largest Coca-Cola franchise bottler in the world by sales volume, has announced the acquisition of Montevideo Refrescos (Monresa) from Coca-Cola Co for $250.7 million in an all cash transaction. The deal, which was made on a cash-free and debt-free basis, increases the presence of Coca-Cola FEMSA to 11 countries aroundthe world. With a market of 3.4 million consumers and 26,000 sales points, Montevideo Refrescos is the exclusive …
Conagra Brands, the leading US food manufacturer, is to acquire Birds Eye owner Pinnacle Foods in a cash and stock deal worth $10.9 billion, the two firms have announced in a statement. The deal will reportedly make the combined company the second leading player in US frozen food behind Nestle. In addition to Birds Eye, Pinnacle Foods markets brands such as Duncan Hines, Earth Balance, EVOL, Erin’s, Gardein, Glutino, Hawaiian Kettle …
Hola Nola Foods, a snack food firm based in Los Angeles, CA, USA, has announced the acquisition of NatureStar Foods, the manufacturers of the Plocky’s crisp line. In a statement, Hola Nola Foods, which currently manufactures tortillas, tortilla chips, salsas and popcorn, said it was looking to expand its snacks portfolio with Plocky’s hummus and tortilla chips. Kevin Holden, president of Hola Nola Foods said: “Plocky’s award winning Hummus Chips …
Domaine Select, a US-based importer of wine and spirits, has announced the acquisition of Atlantico, a rum brand originating from the Dominican Republic. Founded in 2008, Atlantico is described as a super-premium rum brand that is available in the US and 12 international markets. As part of the deal, Domaine Select said it had taken over the day-to-day sales, marketing and operations associated with the import and export of the brand …
Consumer goods giant Unilever has signed an agreement to acquire a 75% stake in the Italian personal care and wellbeing business Equilibra. Founded in Italy in 1987, Equilibra is a natural health & beauty firm using plant-based ingredients with functional benefits such as aloe, shea (karite), argan and almond. Its product range includes skin and hair care products, as well as nutritional supplements. Unilever said Equilibra would be run as …
Leading US food producer General Mills, through its new business development and venturing unit 301 INC, is among the companies participating in a $12 million investment in NextFoods, the makers of Goodbelly Probotics, according to a recently released statement The money raised will be used to expand GoodBelly’s national sales team, support capital improvements and drive product innovation. General Mills led the round and the additional investment came from existing …
Ganassini, an Italian personal care firm, is acquiring UK luxury beauty brand The Organic Pharmacy, according to a report in Cosmetics Business. The deal, which marks Ganassini’s entry into the organic products space, will see The Organic Pharmacy sit alongside Ganassini’s other brands such as Rilastil and Korff, and also the natural beauty brand Bioclin. The Organic Pharmacy offers a broad personal care range including skin and body care as well as male …
Heineken, the global beer giant, has acquired a minority stake in UK-based Beavertown for £40 million ($55 million). The cash injection is said to be targeted at buiilding a new 125,000 sq ft plant that will allow Beavertown to increase its brewing capacity tenfold, up to a total of 450,000 hl. It is estimated the facility will create around 150 jobs while the current site in Tottenham will be used …
All Market, the company behind Vita Coco coconut water, has agreed a deal to acquire “clean” energy drink brand Runa, according to a report in Foodbev. Runa is an organic energy drink range based on guyusa, described as a rainforest plant with a naturally high content of slow-release caffeine and polyphenols. Commenting on the launch, Vita Coco co-founder and CEO Michael Kirban said: “We’ve spent 14 years at Vita Coco creating …
The Canadian arm of UK canned soup and sauces producer Baxters has been sold for around C$24 million ($18 million) to a financial consortium comprising Fonds De Solidarite FTQ, Fondaction, Investissement Qubec and Champlain Financial Corporation. With volume sales of 60 million cans per year, Baxters Canada serves a wide range of consumers under its three brands Aylmer, Primo and Baxters. Alongside soups and sauces, the firm also manufactures ready-to …
Olymel, a leading Canadian processor of pork and poultry products, has announced the 100% acquisition of the Ontario-based poultry firm Pinty’s. Specialising in fully cooked chicken and other related products, Pinty’s operates three processing plants, located in Port Colborne, Paris, and Oakville. The firm markets a range of coated and uncoated chicken products for the retail trade under brands such as Pinty’s , EatWell and Pub & Grill. Olymel said the transaction would …
Irish snacks firm Tayto has announced the acquisition of meat snack maker The Real Pork Crackling for an undisclosed sum. Established for over 25 years, The Real Pork Crackling produces pork scratchings and owns leading pork crackling brands such as Golden Pork Crunch, and has listings in major UK supermarket chains such as Asda, Co-Op, Morrisons and Sainsbury’s. The deal to buy The Real Pork Crackling is the latest in …
Lakeside Foods, a Wisconin, US-based producer of frozen foods and canned vegetables is set to acquire the Arkensas-based Good Eats Food for an undisclosed sum, according to an article in Food Business News. Promoted as “veggies with a twist”, the Good Eats Food range includes mashed cauliflower, soups and frozen sweetcorn marketed under the brands Ruthie’s Twisted Harvest and Serious Bean Co. Commenting on the deal, Lakeside Foods president and …
US-based multinational beermaker Molson Coors has announced the acquisition of Clearly Kombucha, a maker of functional drinks, for an undisclosed sum. Founded in 2010, Clearly Kombucha markets a portfolio of six non-alcohol fermented tea drinks, all cold-filtered and certified organic, vegan, kosher, non-GMO and gluten-free. Headquartered in California, the firm also has distribution in Colorado, Texas, Washington, Oregon and Montana. Clearly Kombucha will become part of the MillerCoors business through …
Danish Crown, the Denmark-based meat processor, has announced the acquisition of Dutch meat firm Bacon Specialist Zandbergen via its subsidiary Tulip. Bacon Specialist Zandbergen offers a range of bacon products, primarily for retailers and the foodservice industry, alongside retail products including bacon cubes and rashers under its own Bacon Specialist Zandbergen brand. Founded in 1984, the firm is based in the Amsterdam suburb of Haarlem, where both its production facilities and …
Nomad Foods, the UK-based frozen food giant, has reached an agreement to acquire the Aunt Bessie’s business from William Jackson & Son in a deal worth €240 million ($281 million). Aunt Bessie’s is a leading manufacturer and distributor of frozen foods in the United Kingdom. Frozen Yorkshire puddings and frozen potatoes together account for most of the brand’s revenues, with the company holding number one and number two market share …
US meat processor Tyson Foods has entered into an agreement to sell its Sara Lee Frozen Bakery and Van’s business to private equity firm Kohlberg & Co as part of its strategy to focus on its protein business. The deal, terms of which were not disclosed, include the Chef Pierre, Bistro Collection and Van’s brand and the license to use Sara Lee in certain markets. The agreement also includes the sale …
Necco, the US confectionery firm, has been acquired by Sweetheart Candies Co owner Metropoulos & Co for $17.3 million, after the cancellation of a proposed deal with Spangler Candy. Spangler Candy made the winning bid for Necco in a bankruptcy auction, but the deal is said to have collapsed when the former pushed for a change in the $18.3 million purchase price, according to a Fortune report. Commenting on the …
Savencia Fromage & Dairy, a global specialty cheese manufacturer, has announced the acquisition of artisan cheese maker Rogue Creamery for an undisclosed sum. Rogue Creamery is a US-based organic cheese maker that specializes in blue cheese. Savencia Fromage & Dairy announced that Rogue Creamery would retain its current president and would continue to function as a separate public benefit borporation. Commenting on the news, Rogue Creamery president David Gremmels said: …
UK crisp and snack manufacturer Tayto has acquired a range of assets, including trademarks and brand names, from popcorn company Pop Notch for an undisclosed sum. Headquartered in Northern Ireland, Tayto is the third largest snack manufacturer in UK, with six sites in the country. The group’s portfolio includes brands such as Tayto, Golden Wonder, Mr Porky and Jonathan Crisp. Commenting on the deal, Tayto CEO Paul Allen said: “We …
Hochdorf, a Swiss ingredients firm active in areas such as dairy, cereals, fruit & vegetables and oil, has announced the acquisition of local infant nutrition maker Bimbosan for an undisclosed sum. The firm, which has itself manufactured infant formula since 1908, operated essentially as a private-label producer until it acquired a 51% share in the Pharmalys Group at the end of 2016. It said the 100% acquisition of Bimbosan was another …
Food and drinks giant PepsiCo has announced a definitive agreement to acquire Bare Foods, a producer of baked fruit and vegetable snacks under the Bare Snacks brand. Bare Foods Co was founded in 2001 and is described as a leader in apple, banana and coconut snacks. Its product range, including beetroot, carrot and sweet potato crisps, is sold across the USA and is said to use real, whole-food ingredients, to be …
Necco, the US manufacturer of confectionery products such as Necco Wafers, has been sold in a bankruptcy auction to Spangler Candy for $18.83 million. The firm beat off competition from investment firms Gordon Brothers and Round Hill to secure the acquisition. Prior to the auction, Gordon Brothers had been in negotiations to acquire Necco for $13.3 million. The Necco business dates back to 1847 and produces the traditonal sugar confectionery …
Brynwood Partners, the investment group that owns Cold Spring Brewing, has announced the complete acquisition of Carolina Beverage Group from SunTx Capital Partners. The deal, agreed for an undisclosed sum, includes three manufacturing facilities, a warehouse and a broad range of value-added production services. Carolina Beverage is a contract manufacturer that processes malt beverages, distilled spirits, energy drinks, teas, functional drinks and RTD beverages. On completion of the deal, the …
FrieslandCampina, the Dutch dairy giant, has announced that it has made an investment in the Ethiopian dairy firm Holland Dairy, in partnership with Veris Investments, an Amsterdam-based private equity firm. Veris Investments describes itself as an independent firm that “makes equity and mezzanine investments in companies and projects with activities in the food value chain in Sub-Saharan Africa”. FrieslandCampina said the deal would enable it to strenghten its export position in …
Avril, a French firm active in sectors such as oil, eggs and animal feed, has announced an alliance with the founding families of the Italian olive oil brand Costa d’Oro. “The partners aim to raise the Costa d’Oro brand to become the global reference in top quality olive oil, combining natural authenticity, innovation and traceability”, Avril announced in a statement. The deal will create the third most important olive oil brand …
MTR Foods, the Indian food manufacturer that is part of the Orkla group, is making an investment in the children’s food maker FirmRoots, according to a report in the Economic Times. The deal is the first to be concluded as part of Orkla’s 50 crore INR ($7.4 million) MTR Seed Fund, established last year to invest mostly in food-tech start ups in India. The amount of the stake and the …
Dutch brewer Heineken is expanding its presence in Central America with the acquisition of a minority stake in Belize Brewing, the leading beer firm in Belize. Belize Brewing is a subsidiary of Bowen & Bowen, which has been an importer and distributor of Heineken brands including Heineken, Amstel and Red Stripe in Belize since 2016. The firm also produces the market leading beer brand Belikin. Commenting, on the deal Marc Busain, President Americas at …
US e-commerce giant Amazon has added to its own brand line up of grocery products with the launch of a range of pet food under the name Wag, according to a report in CNet. The new brand is the latest addition to Amazon’s expanding portfolio of private label brands, which currently comprises more than 70 lines across a diverse range of product categories. The initial offering under the Wag brand …
US-based private investment firm Highlander Partners has acquired the confectionery portfolio owned by Finnish food and beverage firm Huhtamaki. In relation to the deal, Highlander Partners said it had created a new entity where the asset will be held and that will continue to license to chocolate maker Hershey under the same terms and conditions. The acquisition includes leading brands such as Jolly Rancher, Payday, Zero, Chuckles, Good & Plenty, …
The Serbian arm of consumer goods giant Nestle has announced that it is disposing of its children’s chocolate brand Cipiripi. The firm is selling the product line to Paracinki, a subsidiary of the distribution firm Silbo. Terms of the deal were not disclosed. The Cipiripi brand range includes confectionery bars, chocolate spread and chocolate drink mix. Commenting on the deal, Yana Mikhailova, regional director of South Eastern Europe at Nestle said: …
Snacks and confectionery multinational Mondelez has announced that it is expanding its brand portfolio with the acquisition of US biscuit maker Tate’s Bake Shop. Mondelez, which is acquiring Tate’s Bake Shop for almost $500 million from private equity firm The Riverside Company, will operate Tate’s Bake Shop as a separate standalone business. The company will continue to produce all of its products at its existing manufacturing facility, as well as …
Consumer goods giant Nestle has announced it has reached a deal with international coffee shop chain Starbucks, enabling it to market the latter’s retail and foodservice products across the globe. The $7.15 billion deal gives Nestle the right to market Starbucks branded products in perpetutity, enabling it to “capture exciting new growth opportunities in the rest of the world with Starbucks premium products”, the firm said in a statement. The company …
The Hut Group, the health & lifestyle e-retailer, is further strengthening its presence in the cosmetics space with the acqusition of mascara brand Eyeko, Cosmetics Business reports. Eyeko, a UK firm founded in 1999, specialises in a range of eye cosmetics including mascara, eyeliner and eyeshadow, as well as offering eye care products such as serum and cleansing wipes. The deal is the latest in a series of acquisitions that has …
Diageo, the global spirits firm, is making a further play in the mezcal space with the acquisition of ultra-premium brand Pierde Almas. Pierde Almas is produced in Oaxaca, Mexico from naturally fermented agave and is know for its social, cultural and environment awareness, the Spirits Business reports. The mezcal will be the second in Diageo’s portfolio. Its first was launched last year, following the company’s acquisition of the Casamigos business in a …
L’Oreal, the global beauty firm, has announced the acquisition of the Korean fashion and cosmetics firm Nanda for an undisclosed sum. Founded in the South Korean capital Seoul in 2004, Nanda is spearheaded by its make-up brand 3CE which today represents more than 70% of its business. The firm generated revenues of €127 million ($152 million) in 2017 and employs nearly 400 staff. Described as “a highly desirable brand among Korean and Chinese …
Lassonde, a producer of ready-to-drink fruit and vegetable juices and drinks, has announced that it has agreed a deal to acquire family-owned juice firm Old Orchard Brands for $146 million. Old Orchard Brands is headquartered in Sparta, MI and posted sales of $103.3 million for its 2017 fiscal year. Old Orchard is described as a leading brand in the shelf-stable fruit juice category across the central United States and the nation’s second largest brand in frozen juice …
Mitsubishi, the Japanese conglomerate which is active in the FMCG space through its Living Essential Consumer Products division, is to take a minority stake in the UAE frozen foods firm Al Islami Foods. The size of the stake was not disclosed. Al Islami, a subsidiary of the Dubai Cooperative Society, said that the decision to partner with Mitsubishi was the result of a study it had conducted into strategic NPD options, …
Supermarket chains Sainsbury’s and Asda, the 2nd and 3rd leading players in UK grocery retail respectively, have announced that they have reached an agreement to merge the two business in a deal that is set to shake up the UK supermarket sector. “The Combined Business will create a dynamic new player in UK retail with an outstanding breadth of products, delivered through multiple channels”, the two firms said in a statement. The …
Merck, a German firm active in sectors such as life sciences and healthcare, has that is has announced an agreement to sell its consumer health business to consumer goods giant Procter & Gamble for €3.4 million ($4.2 billion). The acquisition will allow P&G to expand its consumer healthcare portfolio to include brands such as Femibion, Neurobion, Nasivin and Seven Seas. Merck’s range includes products for muscle, joint and back pain, …
Bell Group, a Swiss firm predominantly active in the meat space, has announced an expansion of its activities in fresh packed fruit and vegetables with the acquisition of local firm Sylvain & Co for an undisclosed sum. Headquartered in the canton of Vaud in western Switzerland, Sylvain & Co produces a range of bagged salad leaves as well as ready-to-eat salads and fruit under its namesake brand. With annual revenues of …
Global beer giant AB InBev, via its venture capital division ZX Ventures, has announced the acquisition of UK-based spirits producer company Atom Group for an undisclosed amount. The deal will see AB InBev acquire Atom Group’s three business units: the online alcohol retailer Master of Malt, spirits distributor Maverick Drinks as well as spirits maker Atom Brands whose portfolio includes Ableforth’s gin and rum, The Handmade Cocktail Company and The …
Luxco, a US spirits firm, has announced that it has acquired a controlling stake in Niche Drinks, a maker of whiskey and liqueur based in Northern Ireland. Founded in 1983 and with a manufacturing site in the city of Derry, Niche Drinks produces a range of cream liqueurs, whiskeys and ready to drink cocktails for retail customers in Ireland, the UK, the USA and Europe, as well as marketing products under …
Grupo Apex, a Spanish producer of crisps and savoury snacks, is acquiring Valencia-based crisp maker and Aitana brand owner Papes Safor, according to a report in Sweet Press. “Papes Safor is a family company founded in 1992 that specialises in the manufacture of high quality crisps and snacks”, Grupo Apex said in a statement. “It shares with Grupo Apex an emphasis on careful selection of raw materials for use in …
Canadian speciality foods firm Premium Brands has announced that it has entered into an agreement to acquire Oberto, a US maker of meat snacks. Family-owned Oberto is a manufacturer of beef jerky and other protein-based snack foods located in Seattle, WA. The company owns brands such as Oberto, Pacific Gold and Cattleman’s Cut. IN addition to the Oberto acquisition, Premium Brands said it had further increased its investment in Vancouver-based …
Mahou San Miguel, the leading Spanish brewer, has announced the acquisition of 51.78% of bottled mineral water company Aguas del Valle de La Orotava. Aguas del Valle de La Orotava is a Canary Islands based company which owns the Fonteide and Los Alpes mineral water brands, as well as two springs on Tenerife. Mahou San Miguel said the deal would boost its position in the mineral water sector in Spain …
BrewDog, the UK-based beer firm, is expanding into the cider space with the acquisition of London producer Hawkes. Positioned as “saviours of cider”, Hawkes markets a range of cider under the Urban Orchard, Soul Trader and Elephants on Ice, as well as an alcoholic ginger beer and a cider / beer hybrid under the Hawkes name. In a statement, BrewDog said: “Hawkes’ approach to cider parallels our heritage with beer, …
Land O’Frost, the US sausage and deli meats firm, has announced the acquisition of fellow meat products manufacturer Wellshire Farms for an undisclosed sum. The Indiana-based firm said the deal “provides entry to [the] natural/organic market and supports Land O’Frost’s ongoing growth plans”. Wellshire Farms is described as a leading player in the natural & organic meat space, with distribution in specialty grocery retailers such as Whole Foods Market, Trader Joe’s and …
Fleury Michon, a meat products and ready meal manufacturer, is to purchase Paso Traiteur, a deli foods firm based in Olonne-sur-Mer, France, for an undisclosed sum. Employing 140 staff and operating two facilities, Paso Traiteur is a leader in chilled appetizers, primarily producing a variety of filled bread called prefou that is a speciality of the Vendee region. The firm also manufactures bread-based dumplings and mini burger appetizers. The acquisition is …
US-based food and beverage producer JM Smucker has announced an agreement to acquire Ainsworth Pet Nutrition for approximately $1.7 billion. Ainsworth Pet Nutrition is a privately-held company which produces and distributes premium-positioned pet food and pet snacks, including the Rachael Ray Nutrish brand. In addition to the company headquarters in Pennsylvania, the transaction includes two manufacturing facilities and a leased distribution facility. This acquisition reinforces JM Smucker’s position in pet …
Dunn’s River Brands, a beverage portfolio management company, has announced the acquisition of a majority interest in Temple Turmeric for an undisclosed sum, according to a BevNet report. New-York based Temple Turmeric produces a range of ‘elixirs’, raw vinegars and ‘pure prana shots’ made from organic whole root turmeric juice. In a statement, Temple Turmeric founder Daniel Sullivan said: “We were looking for new approaches to product development and Dunn’s …
European dairy co-operative Arla has announced its intention to sell cheese plant in Sonthofen, Germany to the dairy company Allgauer Hof-Milch. Arla said the decision was taken as the speciality cheese produced in Sonthofen no longer followed the strategic plan of its businesses in Germany and Europe. “All of our production sites in Germany are focused on supplying both the German market and our export markets, playing a crucial role …
GlaxoSmithKline (GSK), the UK based healthcare multinational, is to buy out its stake in its consumer healthcare venture with Novartis at a cost of $13 billion. The joint venture, which includes the toothpaste brand Sensodyne and painkiller brand Panadol, as well as Nicotinell stop smoking aids, was formed in 2015 as part of Novartis’ portfolio transformation, which comprised a three-part inter-conditional transaction with GSK, including the combination of the Novartis …
Global food company Flagship Food has announced the acquisition of the Select New Mexico brand from Es Mi Tiempo, for an undisclosed sum. Select New Mexico is a brand of green chilli food products that are sold in all US states as well as in the UK. Flagship Food said that it has no plans to change the product offerings or any relationships with suppliers or vendors. In addition, the …
French dairy multinational Danone has agreed to sell its joint venture Al Safi Danone to Saudi Arabia’s National Agricultural Development Company (NADEC) for an undisclosed sum, according to media reports. Al Safi Danone produces dairy and juice products for the Saudi Arabian market and was formed by Danone and Al Faisaliah Group Holding in 2000, with Danone holding the majority share in the business. Under the terms of the deal, …
Doux, the troubled French poultry processor, has filed for liquidation in the face of mounting losses. Reuters reports that Terrena, which acquired a majority stake in Doux two years ago, has been hit by cheaper imports from Brazil, particularly in its key exports in the Middle East. According to an article in Ouest-France, the business has been losing in the order of €3 million ($3.7 million) per month. Doux, which owns …
Buderim, an Australian producer of ginger products, has announced that it is acquiring the Hawaii, US based macadamia producer Royal Hawaiian Orchards and merging it with rival grower MacFarms to create the largest macadamia business in the continental USA. Royal Hawaiian Orchards and Buderim are respectively Hawaii’s largest and second largest macadamia nut orchard owners and together account for more than 65% of macadamia production in the US, according to Buderim. …
Premium Brands, a Canadian producer, marketer and distributor of branded food products, has announced the purchase of four businesses – Concord Premium Meats, The Meat Factory, Country Prime Meats and Frandon Seafood – as it expands its brand portfolio. The Meat Factory is an Ontario-based manufacturer of branded cooked protein products which owns Lou’s Barbeque, described as the number one brand in Canada in the fully cooked meals category. Country …
Henkell, the German subsidiary of the Dr. Oetker group specializing in wines and spirits, has announced the acquisition of 50.67% of the shares Spanish firm Freixenet, in a move that is claimed will create the world’s leading sparkling wine group. Henkell said the companies respective portfolios and international presence would “complement each other perfectly”. “While Freixenet stands for the world’s leading cava brand, Henkell’s Mionetto Prosecco is the world’s leading Prosecco and …
Natural foods firm Carrington Farms has announced the acquisition of Tera’swhey, the leading producer of organic whey protein in the US. Madison, WI based Tera’swhey was founded in 2009 and produces USDA. certified organic whey protein made from grass-fed dairy cows. The company also offers rBGH-free whey protein and goat whey protein powder. Announcing the move in a statement, the two firms described Tera’swhey’s products and approach as being “closely …
Italian-based gluten free company Dr Schar has announced the acquisition of Beladri, a Brazilian firm that has been producing gluten free products exclusively for 11 years. According to Giro News, Dr Schar has been studying ways to expand its portfolio in the Brazilian market and Beladri was seen as an opportunity to achieve that goal. Fernando Menezes, managing director at Dr Schar Brazil said: “Beladri has a product line that …
US food manufacturers Conagra Brands and JM Smucker have annnounced that they are to call off the the latter’s acquisition of the Wesson cooking oil brand, following objections raised by the Federal Trade Commission. In a statement, Conagra Brands said: “While we are disappointed by and disagree with the Commission’s decision, we have determined that it is in the best interest of our shareholders, customers and employees to terminate the …
Potato and frozen food specialist McCain, via its Brazilian subsidiary, is taking a 49% stake in Forno De Minas, a manufacturer of traditional Brazilian pao de queijo (‘cheese bread’), according to a report in Foodbev. Founded in 1990, Forno De Minas manufactures a range of frozen and fresh products including waffles, filled pasta and puff pastry, in addition to its flagship pao de queijo product line, a category in which …
Jumbo and Coop, two leading Dutch grocery retailers, have announced the acquisition of the retail chain Emte from Sligro Food for €410 million ($506 million). The proposed sale includes Emte’s 130 supermarkets, its retail distribution centres in Kapelle and Putten, its meat plant in Enschede and its supporting operational and commercial departments at the head office in Veghel. The deal will also see Emte’s supermarket real estate sold to the same …
Fonterra Ventures, the investment arm of the New Zealand dairy giant, has announced that it is bolstering its presence in the nutrition space through an investment in Goodminton, the German holding company behind the Foodspring start-up. Described as Fonterra Ventures’ “first strategic partnership”, the deal will enable Fonterra to tap into active nutrition, a segment which it described as rapidly expanding. Commenting on the deal, Judith Swales, Fonterra chief operating offficer, Velocity …
General Mills, the leading US food producer, has expanded into the natural pet food space with the acquisition of Blue Buffalo, in a deal that has an enterprise value of approximately $8.0 billion. Founded in 2002, Blue Buffalo is described as a fast-growing major pet food company that markets natural foods and treats for dogs and cats under the Blue brand. Blue is claimed to be the number 1 “wholesome natural pet food …
Dr. Oetker, the German food firm, and Bavarian dairy company Molkerei Gropper have announced they are to join forces to invest in the manufacture of new refrigerated product lines. The 50:50 joint venture will see Dr. Oetker contribute its chilled products plant in Moers to the new company, while Molkerei Gropper is to effect a capital increase in the same amount to be used to invest in buildings, infrastructure and new production facilities. Production will …
Albertsons, the US grocery retailer, has announced that it has reached an agreement to merge with Rite Aid, a leading pharmacy chain, in a cash and stock deal. Rite Aid shareholders will own a 28 to 29.6% stake in the combined company, whilst current Albertsons shareholders will own a stake from 70.4 percent to 72 percent in the combined company, upon the closure of the merger. “The combination will provide …
Bonduelle, the leading global vegetable firm, has announced an agreement to acquire the Del Monte processed fruit and vegetable business in Canada for a total value of C$43 million ($34 million). The deal with Conagra includes the right to use the Del Monte brand in different segments of processed fruits and vegetables but excludes all industrial and personnel assets. In a statement, Bonduelle said the acquisition “will complement Bonduelle Americas …
Tcho, a chocolate maker based in California, USA, has announced that it is to be acquired by the Japanese food giant Ezaki Glico. Previously owned by investment fund Emil Capital Partners, Tcho describes itself as a “premium” chocolatier “known for its bold packaging designs, innovative supply chain, and playful flavors”. It also claims to be a pioneer in sustainable and ethical sourcing, partnering directly with farmers, cooperatives, and cocoa scientists from …
French dairy multinational Danone has announced that it has decided to sell the majority of the stake it owns in probiotic dairy drink firm Yakult as it “enters a new phase in its strategic partnership” with the Japanese firm. According to reports, Danone will sell its 21.29% stake for around $1.9 billion, before participating in a share buyback scheme through which it is targeting a total of 7% of Yakult’s …
FMCG giant Nestle has announced that it has acquired the Latin America firm Terrafertil, a company selling natural, organic, plant-based foods and snacks, for an undisclosed sum. Founded in Ecuador in 2005, Terrafertil markets a range of plant-based foods, including fruit and nut snacks, non-dairy milks, grains, nut butters and juices under its flagship Nature’s Heart brand. The firm is the world’s largest buyer of goldenberries (also called cape gooseberry …
SHS Group, a firm representing leading FMCG brands in Ireland and UK, has settled a deal to purchase 3V Group, the owner of Meridian Foods and soft drink producer Rocks, for an undisclosed amount. Meridian Foods is one of the UK’s leading nut butter producers, manufacturing products such as almond butter, cashew butter and sunflower seed butter. The company also provides fruit spreads and nut-based snack bars. Rocks, meanwhile, is …
Unilever, the FMCG multinational, has announced that it has received a undisclosed offer from Dr. Oetker, the German pizza, desserts and culinary aids firm, to acquire its Alsa baking and dessert business. Alsa, which was acquired by Unilever in 2010, manufactures over 50 baking products for the French market including pastry aids, recipe mixes and jams for cake fillings. Commenting on the announcement, Didier Muller, general manager Dr. Oetker France, said: …
Global dairy company Arla has announced a licensing agreement with UK firm Yeo Valley Dairies, a subsidiary of the Yeo Valley Group, which will give Arla the right to use the Yeo Valley brand for milk, butter, spreads and cheese products. Yeo Valley is the UK’s largest organic brand and the largest family-owned dairy business, with a range of products that includes yoghurt, milk, butter, cream, ice cream and compote. …
Halewood, a UK wine and spirits specialist, has announced the acquisition of spiced rum brand Dead Man’s Fingers from Cornwall-based Rum & Crab Shack. The deal takes Halewood’s premium rum portfolio to four brands. The firm also markets Rum Sixty-Six, Liverpool Rum and Sadler’s Peaky Blinder Spiced Rum. Dead Man’s Fingers was created in 2015 as a blend of Caribbean rums, featuring notes of saffron cake, sweet Pedro X ice …
Kroger, the US grocery retailer, has announced it has reached an agreement to sell its convenience store business to UK forecourt retail firm EG Group for $2.15 billion. Kroger’s convenience store business operates in 18 states of the USA and includes 66 franchise operations. The stores employ 11,000 associates and operate under the names Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop. Kroger’s convenience store business …
Global fruit and vegetable firm Fresh Del Monte has announced a definitive agreement to acquire Mann Packing, a leading marketer of fresh and value-added vegetable products in North America, for approximately $361 million in cash. Established in 1939 and based in Salinas, CA, Mann Packing is a leading grower, processor and supplier of fresh vegetables, including washed and ready to eat fresh-cut vegetables, snack packs and party trays, and washed …
Stryve Foods, a meat snacks start up, has announced that it has acquired the assets of Biltong USA, a manufacturer of African-style meat snacks. Described as one of the first USDA approved biltong manufacturers in the USA, Biltong USA produces sliced beef biltong, droewors and other related products in a range of 16 flavours. Stryve Foods said that the acquisition was a significant move for it to become the number one name in …
Orkla, the Scandinavian food giant, has announced the acquisition of bakery firm Struer Brod via its wholly-owned subsidiary Orkla Foods Sverige. Struer Brod was established in 1929 and predominantly manufactures bakery products such as breadcrumbs, as well as breakfast cereals, for both retail and foodservice channels. The firm has also supplied Orkla since 2012. In 2016, Struer Brod had a turnover of 114 million DKK ($19 million), about half of …
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced that it has acquired a number of assets from rival Aryzta as it looks to strengthen its hand in the breakfast foods space. The deal includes one of Aryzta’s Chicago Cloverhill bakery facilities (the largest individually-wrapped Danish pastry facility in North America), the Big Texas and Cloverhill brands and also supply partnerships with several key retailers of Hostess …
Multinational consumer goods firm Unilever has signed an agreement to acquire Romanian ice-cream producer Betty Ice for an undisclosed amount. Founded in 1994 by entrepreneur Vasile Armenean and with a total turnover of €30 million ($37 million), Betty Ice operates a manufacturing facility in Suceava as well as more than 180 ice-cream kiosks, employing 760 workers in Romania. Betty Ice sells ice cream positioned as standard, premium and super-premium with …
M Dias Branco, the market leader in biscuits and pasta in Brazil, has announced that it has agreed a deal to acquire its rival Piraque in a deal worth R$1.5 billion ($475 million). The company, which owns brands such as Adria, Richester and Vitarella, said that “the translation reflects M Dias Branco’s commercial strategy of accelerating growth in the South and Southeast regions, as well as expanding its portfolio with …
Coffee firm Keurig Green Mountain and soft drink company Dr Pepper Snapple have announced that they have entered into a definitive merger agreement to create a new combined company called Keurig Dr Pepper. Under the terms of the deal, Dr Pepper Snapple shareholders will receive a dividend of $103.75 per share (a total cash payment of $18.7 billion), and retain 13% of the combined company. Commenting on the deal, Keurig …
Fairfields Farm, a snack firm based in Colchester, UK has acquired its Manchester-based peer Ten Acre for an undisclosed sum. Ten Acre produces a range of handcooked crisps and has more recently branched out into popcorn, which it markets in flavours such as wasabi, fennel and lemon, cappuccino, and strawberries & cream. Foodbev reports that the acquisition was motivated in particular by Ten Acre’s export activities, with the firm currently selling …
Germany confectionery company Katjes Fassin has announced that it has acquired an unspecified stake in the UK sweets firm Candy Kittens. Founded in 2012 and promoted as “a fashionable confectionery brand that is truly young at heart”, Candy Kittens markets a range of “gourmet sweets” in flavours such as pineapple, watermelon and blueberry. The products are described as being free from gluten, artificial colours and artificial flavours. “Katjes is a …
Evolve Brands, a recently established health-focused snack holding company, has announced that it is has agreed to acquire the snack brands Gorilly Goods and Supernola, with the aim of consolidating the two businesses under one umbrella. Founded in 2012, Gorilly Good produces organic, raw and on-the-go snacks that come in both savoury and sweet flavours, made with non-GMO ingredients such as seeds, fruit, nuts and greens. Supernola, meanwhile, produces four …
Bacardi, the world’s largest privately-held spirits company, has announced that it is to acquire 100% of tequila firm Patron for an enterprise value of $5.1 billion. Bacardi had previously acquired a minority stake in Patron in 2008. The deal is set to make Bacardi the number one spirits player in the super-premium segment in the US, as well as the second largest spirits player in the country by value market share, …
The Nature’s Bounty Co, a manufacturer of nutrition products, has announced that it has acquired snack bar brand The Best Bar Ever. Terms of the deal were not disclosed. According to The Nature’s Bounty Co, The Best Bar Ever offer “real ingredients – no fillers or sugar alcohols, and are designed to contain an ideal blend of quality fats, carbs, and proteins in balanced ratios”. They are available in the health and fitness …
Edgewell Personal Care, a US-based manufacturer of shave, sun, skin and feminine care products, has announced an agreement to acquire Jack Black, a luxury male grooming company. Founded in Dallas, TX in 2000, Jack Black is described as the number one brand in the US men’s prestige skincare market and offers a product range spanning skincare, body care, shaving, hair care, fine fragrance, razors, and gift sets. Commenting on the deal, Edgewell …
Darell Lea, an Australian confectionery firm, has been acquired by the investment fund Quadrant Private Equity for A$200 million ($160 million), according to a Foodbev report. The sweetmaker, whose fortunes have been revived since being placed in voluntary administration in 2012, is the manufacturer of products such as Rocklea Road, Soft Eating Liquorice and Little Brittle. The firm operates two production sites and has more than 200 employees. Commenting on the …
Spanish food firm Ebro Foods has announced its latest acquisition: the purchase of a 70% stake in filled pasta firm Bertagni 1882. The binding agreement has been reached through Ebro Foods’ 100% subsidiary Panzani and 52% subsidiary Pastificio Lucio Garofalo, the firm said in a statement. Founded in Bologna, Bertagni 1882 is described as the oldest brand of filled pasta in Italy. It operates production plants in Vicenza and Avio and has …
Nomad Foods, the UK-based frozen food giant, has announced that it is set to acquire its Irish peer Green Isle, a subsidiary of Boparan Holdings and owner of the Goodfella’s pizza brand. Green Isle manufactures and distributes a portfolio of branded and private label frozen pizzas in the UK and Ireland. The Goodfella’s brand, which accounts for the majority of the firm’s revenues, was founded in 1993 and holds number one and number two market share …
FMCG multinational Nestle has announced that it has reached an agreement to sell its US confectionery unit to the Italian firm Ferrero for $2.8 billion. The Swiss giant first announced it was conducting a “strategic review” of its confectionery operations in the second quarter of 2017. Since then, the firm has been seeking to refocus its M&A activity on the health & wellness space, as well as high-growth segments such as …
The Australian arm of consumer goods giant Nestle has announced it has reached an agreement to sell its confectionery bar brand Violet Crumble to the Adelaide-based company Robern Menz for an undisclosed sum. As part of the deal, Robern Menz will acquire the plant, equipment and intellectual property associated with Violet Crumble. Manufacture is set to transfer to the Robern Menz factory in Adelaide, South Australia in the coming months. …
Constellation Brands, the leading wine, beer and spirits firm, has announced that it is taking a majority stake in US-based craft distiller Copper & Kings. Based in Louisville, KY, Copper & Kings produces a range of “untraditional, non-derivative” spirits including apple and grape brandies, absinthe, gin and liqueurs that are said to be non-chill filtered with no added colours, flavours or synthetic chemicals. In a statement, Constellation Brands said: “The collaboration …
Burts Chips, the UK-based crisp manufacturer, is branching out into popcorn with the acquisition of Savoury & Sweet, owner of the Lord Poppington’s and Popcorn & Me brands. The deal, said to be worth in excess of £10 million, will see an investment of around £5 million in Savoury & Sweet’s factory in Leicester, including a new popcorn production line, the Leicester Mercury reports. Savoury & Sweet, which manufactures popcorn …
Molson Coors, the US-based beer giant, has announced that it is to acquire UK cider firm Aspall for an undisclosed sum. Founded in 1728, Suffolk-based Aspall is an established brand of cider and cider vinegars whose brand portfolio includes Premium Cru Cyder, Aspall Cyder, Clement’s Four, Cyderkyn and Imperial Vintage. Molson Coors’ said that Aspall’s “high-quality portfolio strengthens Molson Coors’ position in a fast-growing market for premium cider in the UK”. Commenting …
French dairy giant Lactalis has announced an expansion into the growing ‘skyr’ segment with the acquisition of Siggi’s, a US-based manufacturer of Icelandic-style yoghurt. Terms of the deal were not disclosed. Founded in 2005, Siggi’s offers Scandinavian-style skyr yogurts that are made with “simple ingredients, not a lot of sugar”. According to the company website, Siggi’s yogurts are free from artificial sweeteners and use only hormone-free milk from family farms. The firm …
Cargill, the commodities giant, has announced that it has acquired Pro-Pet, a dog food manufacturer based in Ohio, USA. Pro-Pet productes private label and co-manufactured pet foods, including the premium-positioned brand Black Gold. The firm has more than 150 employees and operates pet food manufacturing facilities in Owatonna, MN, St. Marys, OH and Kansas City, KS. Commenting on the deal, Cargill Feed and Nutrition president Pilar Cruz said: “Pro-Pet’s commitment to high-quality, …
Colian, a Polish manufacturer of confectionery, dried fruit and drinks, is to acquire Irish chocolate firm Lily O’Brien’s from investment fund The Carlyle Group for €40 million ($48 million). “Lily O’Brien’s represents a compelling strategic fit for Colian with its high level of brand recognition and market position, complementing Colian’s existing products”, The Carlyle Group said in a press statement. Founded in 1992, Lily O’Brien’s employs 120 people at its Newbridge …
Valeo Foods, the Irish foods company, is acquiring the confectionery arm of Finnish firm Raisio for an enterprise value of €100 million ($121 million). Raisio, predominantly known as the owner of the international Benecol brand, said that its confectionery operations in the UK and the Czech Republic would be transferred to become part of Valeo Foods via a share transaction. Raisio’s confectionery business includes the brands Poppets, Fox’s, XXX, Just and …
Asahi, the Japanese drinks giant, has announced that it is selling its 20% stake in Chinese beermaker Tsingtao Brewery in a deal worth about $941 million. The group first announced that it was looking to sell its holding in Tsingtao Brewery in October 2017. An 18% stake is being sold to the Chinese conglomerate Fosun for about $847 million, while Tsingtao Brewery itself will pay about $94 million for the …
Conagra Brands, the US packaged foods firm, has announced that it has reached a deal to acquire Sandwich Bros of Wiconsin, a manufacturer of frozen convenience breakfast foods and flatbread sandwiches. Terms of the deal were not disclosed. Sandwich Bros.of Wisconsin’s offers “snack meals” such as chicken melts and cheeseburgers, as well as flatbread pocket sandwiches filled with cheese, egg, turkey, beef and sausage. The family-owned firm achieved approximately $60 million in …
German retailer Edeka has announced the acquisition of juice manufacturer Albi. According to Edeka, by taking over Albi – one of the leading fruit juice producers in Germany – the group will strengthen its positioning in the fruit juice segment. Albi will also complement the portfolio of Edeka fruit juice subsidiary Sonnlander, the firm added. Albi is a family-owned company that was founded in 1928, producing a range of fruit, …
Campari, the Italian spirits group, has announced that it is to buy brandy firm Bisquit Dubouche from its South African counterpart Distell. Established in 1819, Bisquit Dubouche offers a classic range of cognacs – namely Bisquit VS Classique, Bisquit VSOP, Bisquit Prestige and Bisquit XO, together with “rare collections” and limited editions, that are claimed to be “characterized by craft and unique features”. The Bisquit Cognac brand is expected to achieve pro-forma net sales of around €9 million ($10.7 million) in the …
ThaiBev, the leading Thai drinks firm, has announced that it has made a successful bid to acquire a majority stake in Vietnam’s state-owned beer maker Sabeco. In a statement, ThaiBev said it had agreed to acquire approximately 53.59% of all outstanding ordinary shares in Sabeco for an aggregrate price of approximately 156 billion THB ($4.77 billion). ThaiBev ultimately emerged as the only bidder for Sabeco, despite previous reports that a number …
FMCG giant Unilever has announced that it has reached an agreement to acquire US based personal care company Schmidt’s Naturals for an undisclosed sum. Schmidt’s Naturals is an Oregon-based company that produces personal care products such as deodorant, bar soap and toothpaste. According to a Unilever press release, Schmidt’s Naturals aims to make natural products accessible to everyone and produces award-winning deodorant formulas derived from plants and minerals. “Schmidt’s Naturals …
Hershey, the US confectionery firm, is taking its first significant step beyond the chocolate category with the acquisition of snack food firm Amplify Snack Brands for $921 million. The deal “strengthens Hershey’s position in the snacking aisle and broadens its portfolio of innovative savory snacking brands”, the company said in a statement. The Amplify Snack Brands portfolio includes SkinnyPop popcorn, Paqui tortilla crisps, Oatmega protein bars and Tyrrells potato crisps. Commenting on the …
Campbell Soup, the leading US food manufacturer, has announced that it has entered into an agreement to acquire snacks firm Snyder’s-Lance in a deal worth $4.87 billion in cash. The deal, described as the largest in Campbell Soup’s history, is expected to create a combined entity with annual net sales in excess of $10 billion. Snyder’s-Lance is a major snack food firm that is said to have leading market positions in categories …
Anglo-Dutch FMCG giant Unilever has completed the long-awaited sale of its spreads business, having secured a deal worth €6.825 billion ($8.04 billion) on a cash-free, debt-free basis with investment firm KKR. Unilever’s Spreads business includes brands such as Becel, Flora, Country Crock, Blue Band, I Can’t Believe It’s Not Butter, Rama and ProActiv. It operates across 66 countries and had a turnover of €3.032 billion ($3.57 billion) in 2016. Commenting on the move, …
Becle, the owner of the tequila brand Jose Cuervo, has announced that it is to acquire whisky brand Pendleton Whisky from spirits firm Hood River Distillers in a deal worth $205 million. Launched in 2003, Pendleton Whisky is described as one of the leading super-premium whisky brands in the USA and has an annual sales volume equal to more than 250,000 nine litre case equivalents. In addition to the flagship Pendleton Whisky, the firm …
Pioneer Foods UK, the UK division of the South African food manufacturer, has announced that it is acquiring UK cereal firm Good Carb Food Company. The transaction, which is effective immediately, sees Pioneer Foods UK acquiring 100% of the issued share capital of The Good Carb Food Company – owner of the market-leading Lizi’s granola brand – for an undisclosed sum. Pioneer Foods said it had been manufacturing Lizi’s brand granola products …
Portuguese retail and telecoms conglomerate Sonae is reportedly in talks to acquire Egyptian supermarket chain Spinneys, which is currently owned by Abraaj Group. According to an article in Jornal De Negocios (citing Bloomberg), the owner of the Continente chain is in negotiations with Abraaj Group over a potential deal that would reportedly be concluded with a local partner. Abraaj Group is also said to be negotiating the sale of Spinneys …
Jacobs Douwe Egberts, the world-leading specialist coffee maker, has made a bid to acquire the entirety of OldTown, a leading Malaysian manufacturer of coffee products and operator of coffee shops. In a statement, OldTown said the proposed pre-conditional cash offer for all the issued ordinary shares of OldTown represented a total aggregate consideration of approximately 1.47 billion MYR ($360 million). Founded in 1999, OldTown is involved n the manufacturing, marketing and …
Lactalis, the global dairy giant, is to cement its presence on the Brazilian market with the acquisition of milk processor Itambe Alimentos from CCPR, a dairy cooperative based in Minas Gerais. CCPR excercised a right to acquire the outstanding 50% of Itambe Alimentos from fellow Brazilian firm Vigor, following the latter’s acquisition by Mexican dairy giant Grupo Lala. The deal value will be in the order of $600 million, according to …
John B Sanfilippo, a US nut snacks firm, has announced that it has acquired roasted nut and snack mix firm Squirrel Brand for $31.5 million. Squirrel Brand is described as one of the leading suppliers of roasted nuts and snack mixes under the Squirrel Brand and Southern Style Nuts brands. Products are sold through grocery chains, warehouse clubs and mass merchandisers, in addition to a number of other channels. Squirrel Brand is reported as posting net sales …
Atrium Innovations, a Canada-based health products firm, is to be acquired by Swiss FMCG giant Nestle for $2.3 billion in cash. The firm, which describes itself as “a world-wide leader in nutritional supplements and one of the fastest growing companies in the industry globally”,will be acquired by Nestle from a group of investors including a company backed by the Permira Funds, Fonds de Solidarite FTQ and Caisse De Depot Et …
Germany-based multinational cheese maker Hochland has expanded operations with the acquisition of a cheese facility in Belinksky, Russia. According to sources, Hochland plans to enlarge and modernise the facility over the coming years. The site is set to produce retail branded cheese products as well as supplying cheese as a raw material for the Hochland processed cheese plant in Raos. Founded in 1927, Hochland specializes in the development, production, refinement and marketing …
Hain Celestial, the US organic and health foods manufacturer, has announced the “strategic acquisition” of the Welsh firm Clarks UK, a producer of natural sweeteners. Based in Newport, Clarks UK markets natural sweeteners including maple syrup, honey and carob, date and agave syrups under the Clarks name. Its Clarks branded maple syrup is described as the UK market leader. Commenting on the deal, Irwin D Simon, founder, president and chief executive officer …
Maple Leaf Foods, a Canadian manufacturer of meat products, has announced the signing of a definitive agreement to acquire plant-based protein firm Field Roast Grain Meat for $120 million, plus related costs. Field Roast Grain Meat is described by Maple Leaf Foods as a leading brand of premium grain-based ‘meat’ and vegan cheese products, with annual sales of approximately $38 million. Based in Seattle, USA, the firm manufactures lines of …
Pirate Life, a craft brewer based in Adelaide, Australia is to be bought by global beermaker AB InBev via its subsidiary Carlton United Breweries. Announcing the move in a statement, the two firms said the deal would enable Pirate Life to “continue its unprecedented growth path”. Established in 2014, Pirate Life produces a range of largely canned ales and stouts from its brewery in Hindmarsh, South Australia. The acquisition is …
Maxima Grupe, a Lithuania based holding company that controls retail chains, has announced that it has started negotiations to acquire Polish retail chain Emperia. According to the company, the investment would allow the group to further expand in Poland, where it is already present with the Aldik banner. Petras Jašinskas, chairman of the board at Maxima Grupe, said: “Expansion in Poland by acquiring operating retail chain is a logical and …
Global food giant Mars has purchased a minority stake in New York, USA based snacks manufacturer Kind. Announcing the move in a statement, the two firms said that Kind would continue to be operated independently in New York by its majority shareholders, founder and CEO Daniel Lubetzky and its management team, whilst Mars would support the company to expand outside of the USA and Canada. Grant F Reid, chief executive …
US-based Romana Food Brands, formerly known as Blackbird International, has acquired Canada-based pasta maker Pasta Romana for an undisclosed amount. Through the operation, Romana Food Brands said it was shifting its business to focus on the $98 billion Canadian food processing sector. Founded in 1996, Pasta Romana manufactures products such as fresh pasta, fresh filled pasta, sauces and pestos, with current production capacity of 2,000kg of pasta and 1,000 litres …
Arca Continental, described as Latin America’s second-largest Coca-Cola bottler, has announced the acquisition of US snacking firm Deep River Snacks for an undisclosed sum. The Mexican firm, which also owns the Wise Snacks, Bokados and Inalecsa brands, said that by expanding its portfolio it would “capture both the conventional and growing better-for-you segment within the snack category”. Deep River Snacks is said to be known for its colourful kettle-cooked potato …
Unilever, the FMCG multinational, has announced the expansion of its personal care portfolio with the acquisition of New York, USA based toiletries firm Sundial Brands for an undisclosed sum. Announcing the move in a statement, Unilever said that the move would “accelerate[] […] category growth by addressing under-served needs of multicultural and millennial consumers”. Founded in 1991, Sundial Brands manufactures haircare and skincare products predominantly focusing on the needs of consumers …
France-based dairy and drinks multinational Danone has invested in Kona Deep, a Hawaiian ocean bottled water that is claimed to be naturally rich in electrolytes. The company has taken a minority stake in the firm via its venture arm Danone Manifesto Ventures, participating in Kona Deep’s $5.5 million financing round, which includes Grand Crossing Capital and other Hawaiian investors. Kona Deep is described as offering a premium pure water with unique properties, …
Izico, the Dutch manufacturer of frozen snacks, is strengthening its position in the UK with the acquisition of vegetarian food producer Goodlife Foods. Goodlife Foods markets a range of frozen vegetable-based products, including vegetarian ready meals and meat-free sausages and burgers. The firm supplies both retail and food service channels and has been operating for over 25 years. According to the company website, Goodlife Foods “source[s] the healthiest vegetables from …
Lotte, the Far East conglomerate active in confectionery and other categories, is to buy the Indian ice cream firm Havmor for 1,020 crore INR ($158 million), according to an article in the Economic Times. The South Korea based firm said it would buy 100% of the shares in Havmor, enabling it to begin operations in the ice cream space in India. Havmor produces a broad range of over 150 different …
Procter & Gamble, the US-based consumer goods giant, has acquired the direct-to-consumer personal care firm Native Deodorant, according to a report in the Cincinnati Business Courier. Financial terms were not disclosed, but the deal is reported to have been completed for around $100 million in cash. Native is promoted as “deodorant that isn’t a chemistry experiment”, and in particular is claimed to be free from aluminium and parabens, instead being …
LVMH, the high-end wine and spirits firm, has announced the acquisition of a 60% stake in California-based winery Colgin Cellars. Founded by Ann Colgin in Napa Valley 25 years ago, Colgin Cellars is noted for wines such as Tychson Hill Cabernet Sauvignon, Cariad Napa Valley Red Wine, IX Estate Napa Valley Red Wine and IX Estate Syrah. According to the company website, “Colgin Cellars produces exquisitely handcrafted red wines using only the finest neo-classical winemaking …
Scandinavian FMCG firm Orkla has announced an expansion into the sports supplements space with the acquisition of Health And Sports Nutrition Group (HSNG), described as the largest e-commerce firm for sports nutrition in the Nordic region. HSNG runs the Gymgrossisten and Bodystore platforms, offering food, dietary supplements and health and well-being products in addition to clothing. equipment and accessories. The websites offer proprietary brands and products distributed on behalf of third …
US health and beauty retailer Cosmetics LK has announced the acquisition of Prolana, a nail care firm, for an undisclosed sum. Founded and launched in 2007, Prolana markets its flagship Nail Optimizer brand as a one-step solution for restoring and strengthening thin, brittle nails. Cosmetics LK said it had “bold plans” to develop the Prolana product range in 2018 by committing additional resources to research and development. Cosmetics LK is an e-commerce retailer …
Agrial, the agri-food co-operative, is to acquire the Brittany-based charcuterie firm Tallec, according to a report in Les Echos. Headquarterted in Bannalec, Tallec manufactures traditional ham, terrines and pate, generating €37 million ($44 million) in annual revenue. It operates from two factories and employs around 200 staff. Commenting on the move, Agrial corporate relations director Michel Marielle said: “Our aim is to form a charcuterie division made up of family firms with premium …
The Danish arm of Scandinavian FMCG firm Orkla has announced the sale of its K Salat prepared salads brand to deli foods maker Stryhns, part of the Norwegian Agra group, for an undisclosed sum. Orkla described the move as being part of an effort to concentrate its activities on fewer categories. K-Salat has a product portfolio of salad spreads, mayonnaise, remoulade, dressings and potato salads. Under the agreement, Stryhns will …
Milestone Brands, a US spirits brand created in 2016, has announced the acquisition of the rights to the Naranja liqueur brand from Pura Vida Spirits. Naranja is an orange liqueur described as having being distilled in Mexico since 1933. Milestone Brands said it intended to relaunch the brand in January 2018, with production to be handled by La Madrilena, a Mexican corporation and brand owner of Controy, original creators of …
Warpaint London, a UK cosmetics manufacturer and owner of the W7 brand, is set to acquire rival Retra Holdings after raising £21.2 million ($28.0 million) in new investment. Retra Holdings owns the Technic, Body Collection and Man’s Stuff brands and generated revenue of £17.5 million ($23.05 million) in 2016. The firm focuses on the ‘gifting’ sector, primarily selling its products through high-street retailers and supermarket chains including Boots, Asda and Matalan. …
Heritage Foods, the Indian dairy firm, is stepping up its presence in northern India with the acquisition of milk processor Vanam Foods. Mohali, Punjab based Vanam Foods was founded in 2015 and reported turnover of 1,296 lakh INR ($1.98 million) to the year ending 31st March 2017. Heritage Foods has been stepping up its presence in the dairy space following its exit from the retail and bakery business as the result …
HAK, a Dutch manufacturer of preserved vegetables and fruit, is bolstering its position on the German market with the majority acquisition of food distributor Foodeko. According to a report in Levensmiddelenkrant, HAK’s parent company Neerlands Glorie Groente en Fruit has taken a 51% stake in Foodeko to form a new joint venture called HAK-Foodeko. The owners of the new business reportedly have plans to expand the business and double its turnover …
Beechdean, a UK ice cream maker, has acquired the outstanding shares in fellow ice cream firm Lovingtons for an undisclosed sum. Beechdean already held 50% of Lovingtons through a deal transacted in May. Lovingtons is a manufacturer of ice creams that are sold through foodservice channels, to ice cream parlours and to the retail trade via wholesalers. Founded in 1997, it is described as “one of the most recognised names in …
Pioneer Foods, a leading South African food manufacturer, has announced that it has agreed a deal whereby it will acquire the outstanding shares in its joint venture with Heinz Foods Proprietary SA, a subsidiary of the US food giant Kraft Heinz, for an undisclosed sum. As a result of the deal, Heinz Foods South Africa will become a wholly owned subsidiary of Pioneer Foods. In addition, Pioneer Foods said it would enter into …
FMCG giant Unilever is selling its Drie Hoek brand of natural household cleaners to the Dutch firm Marcel’s Green Soap, led by former Unilever executive Marcel Belt. Drie Hoek is a traditional ‘green’ soap brand dating back over 100 years and is primarily sold in the Netherlands. Described as being made from plant ingredients such as linseed and rapeseed oil, Drie Hoek cleaners come in liquid and solid forms and …
Dairy Farmers of America (DFA), the leading US dairy co-operative, has announced that it has acquired dairy processor Cumberland Dairy for an undisclosed sum. Located in Bridgeton, NJ, Cumberland Dairy manufactures ultra-pasteurized dairy products including milk, cream, milk cream, dessert mixes and non-dairy creamers. The firm supplies retail chains, convenience stores, wholesale food distributors and restaurants, predominantly on a private label basis but also through its FreshLife brand. Commenting on the news, …
The US arm of FMCG multinational Nestle has announced the acquisition of Chameleon Cold-Brew as part of a strategy to diversify its coffee portfolio. Chameleon Cold Brew is described as premium crafted organic coffee, sourced consciously and sustainably grown. The firm offers ready-to-drink cold-brew, cold-brew concentrate, kegs, cold brew kits and whole bean coffee. The move follows Nestle’s acquisition of speciality coffee roaster Blue Bottle Coffee, which was announced in …
Anglo-Dutch consumer giant Unilever has announced an agreement to acquire the Tazo tea brand from Starbucks for $384 million. According to a company statement, Tazo had sales of $112.5 million in the past year and enjoys a strong position in specialty black, green and herbal teas, as well as liquid concentrates such as chai latte. “With its strong appeal to millennials, Tazo is a perfect strategic fit for our US …
Canadian dairy company Saputo has signed an agreement to acquire US goat’s cheese manufacturer Montchevre. The announcement comes around a week after the firm announced it had agreed to acquire Australian dairy firm Murray Goulburn in a billion-dollar deal. Monthchevre has a facility in Belmont, Wisconsin, with 320 employees involved in the manufacture, marketing and distribution of goat cheese in the USA. Montchevre president Arnaud Solandt commented: “The decision to proceed with the sale …
US food company Hormel has announced the acquisition of the deli meat and salami maker Columbus Manufacturing for approximately $850 million. This purchase positions Hormel Foods “as a total deli solutions provider” enhancing its portfolio of brands such as Hormel, Jennie-O, Applegate, and Di Lusso, the company said in a statement. Columbus is capitalizing on one of the fastest-growing areas in the retail grocery store with premium, authentic and on-trend …
US retail and wholesale firm Supervalu has reached a merger agreement to acquire food retail distribution company Associated Grocers of Florida, for the sum of $180 million. According to Progressive Grocer, the deal will enable Supervalu to expand to new parts of Florida and leverage Associated Grocers of Florida’s large customer base in South Florida, the Caribbean, Central and South America and Asia. Associated Grocers of Florida operates two distribution …
Saputo, a leading global dairy firm, has announced that it has reached an agreement to acquire its Australian counterpart Murray Goulburn for a purchase price of A$1.31 billion ($1.0 billion) on a debt-free basis, subject to shareholder approval and regulatory clearance. Murray Goulburn produces a full range of dairy products, including milk drinks, milk powder, cheese and butter, as well as a range of ingredient and nutritional products, such as infant formula. …
Pennsylvania-based food marketer and manufacturer Utz Quality Foods has announced the acquisition of troubled snack maker Inventure Foods for $165 million. Inventure Foods, the owner of snack brand Boulder Canyon, had previously been attempting to tackle its substantial debt burden by offloading a number of business, including the sale of its frozen business to Oregon Potato Company in September. The residual Inventure Foods business manufactures snacks including potato chips and …
Bega, the Australian dairy firm, is moving into the nut butter category with its acquisition of a Kraft Heinz facility in Victoria. According to the firm, the packaging will be “slightly ‘refreshed’” to feature the Bega logo. “Despite the label change, Bega assures Australians that the Peanut Butter they love is exactly the same… the same ‘never oily, never dry’ recipe, the same taste, made by the same people, at …
Leading Russian food retailer X5 Retail Group has announced plans to sell its Perekrestok Express stores in Moscow and refocus on its other three major store formats. According to the retailer, the smaller format convenience stores will be divested as the company seeks to concentrate its efforts on its Pyaterochka proximity stores, Perekrestok supermarkets and Karusel hypermarkets. Igor Shekhterman, X5 Retail Group CEO, said: “Convenience stores like those that Perekrestok …
India-based tea producer Goodricke has announced the acquisition of the packaged tea division belonging to tobacco firm Godfrey Phillips India. According to India Retailing, the agreement gives Goodricke Group the rights to the trademarks, titles and brands of the Godfrey Phillips tea business including the brands Tea City, Tea City, SC Gold, Symphony, Samovar, SC Premium, Super Cup, Rangoli and Utsav. Goodricke CEO AN Singh said: “This acquisition will bring …
Kraft Heinz, the leading US-based food firm, is to acquire the Cerebos Food & Instant Coffee business from Japanese firm Suntory, according to an article in Retail World. The deal, which excludes the Cerebos Fresh Coffee business, is worth around A$290 million ($227 million) and is expected to be completed in early 2018, subject to regulatory clearance. The Cerebos Food & Instant Coffee units includes leading food brands in Australia and …
Fuchs Gruppe, Germany’s leading manufacturer of herbs and spices, has announced it has acquired Bart Ingredients, the UK’s second largest seasonings maker, for an undisclosed sum. The Dissen-based firm said that acquisition of Bart Ingredients would advance its internationalisation strategy and significantly boost its position on the UK market. Based in Bristol, Bart Ingredients produces a range of spices, seasonings and ingredients, including a range of seasonings under the Levi …
Global confectionery group Ferrero is to acquire Ferrara, the third-largest US non-chocolate confectionery company, for an undisclosed amount. Ferrara produces confectionery products as Trolli gummy sweets, Brachs seasonal sweets, and Black Forest Organics organic fruity sweets. “We are pleased to announce this agreement with Ferrero, which will enable the continued growth and momentum behind our iconic and well-loved brands”, said Ferrara CEO Todd Siwak. “Joining forces with Ferrero gives us …
China Foods, a division of Chinese conglomerate Cofco, has announced that it is to offload its wine and non-beverage business, including the flagship Great Wall brand, in a deal worth 5,069 million HKD ($649.2 million). Explaining the rationale for the decision in a statement, China Foods said: “The wine industry in the PRC has faced increasing competition and is expected to remain in a slow growth rate in the next three …
Hilton Food Group, a UK meat firm, has acquired Icelandic Group’s Seachill unit in a deal worth £80 million ($106 million). Seachill, one of the UK’s leading fresh fish processors, is the owner of The Saucy Fish Co brand and operates two facilities in Grimsby, Humberside employing around 700 staff. The firm markets a range of pre-packed sea food including fishcakes and fish and sauce, as well as a ‘foil bake …
Crop’s, a Belgian producer of fruit, vegetables and ready meals, has acquired the Polish firm Agram for an undisclosed sum, according to a report in Just Food. Agram produces 28,000 tons of vegetables and fruit a year, principally cauliflower, broccoli, onions, strawberries, blueberries and rhubarb. It operates two facilities in Poland and employs around 200 staff. Crop’s, which currently sources 25% of its production from Poland, said the deal would enable …
Coca Cola Amatil (CCA), a leading bottler of Coca-Cola and other soft drinks in the Asia Pacific region, has announced the acquisition of Australian craft brewer Feral Brewing. Based in Perth, Western Australia, Feral Brewing produces a range of bottled craft ales under brand names such as Smoked Porter, Karma Citra and Sly Fox. The product range is distributed across Australia through speciality retailers. Commenting on the move, CCA Alcohol …
Japan-based drinks firm Asahi has announced its intention to sell part or all of its 20% stake in Tsingtao Brewery, the second-largest beer maker in China, for around $1.2 billion. The stake was originally acquired by Asahi in 2009 from Belgium-based beermaker AB InBev for around $666 million. Asahi has been shedding a number of its assets in Asian markets in order to refocus on the growth of its overseas …
Les Grands Chais de France, France’s leading private winemaker, is to acquire German wine group Binderer, according to a report in WeinWirtschaft. The deal is said to include Binderer St. Ursula Weinkellerei and the Hungarian group Danubiana, as well as subsidiaries St Rochusberg Weinhandels, Torre Giacomol and Binderer Wine Select. Binderer markets wines from Germany, France, Spain, Italy, Hungary and the New World and exports to 20 international markets, chiefly Great Britain, …
Hassia, the German mineral water and soft drinks firm, is acquiring the carbonated drink brand Bionade and ice tea brand Ti from current owners Radeberger, according to a report in Handelsblatt. Launched in Germany in the early 1990s, the Bionade brand is now distributed across the country in retail and foodservice channels. Produced with malt and fruit juice through a fermentation process, Bionade drinks are promoted as containing wholly natural ingredients and …
De Kuyper, a Netherlands-based spirits producer, is acquiring the Heering liqueur brand from Danish firm Peter Heering, FoodBev reports. The Heering lineup consists of a cherry and a coffee liqueur that are both promoted for their use in cocktails. Heering Cherry Liqueur has been produced since 1818, while Heering Coffee Liqueur was launched in 2007. Advertised as “the original ‘cherry brandy’ “, Heering Cherry Liqueur is said to be available in …
Cereal and snacks giant Kellogg has announced the acquisition of Chicago Bar Company, the manufacturer of the RXBAR brand of nutrition bars. RXBAR, described as the fastest growing nutrition bar brand in the US, is promoted as a clean-label snack bar made from egg whites, fruit and nuts, containing 12g of protein per serving. 11 different varieties are available, alongside seasonal and time-limited flavours and a newly launched line targeting children. Commenting on the deal, Kellogg …
Coca-Cola, the global soft drinks firm, has announced the acquisition of the Mexican sparkling mineral water brand Topo Chico. The acquisition has been made via the firm’s Venturing & Emerging Brands (VEB) unit, and will integrate Topo Chico into the portfolio of Cola-Cola brands. Topo Chico has been bottled in Cerro del Topo Chico, Monterrery since 1895 and is sold in Northem Mexico and the USA. Matt Hughes, VP of emerging …
FMCG multinational Unilever has announced the acquisition of Brazilian natural and organic food business Mae Terra for an undisclosed amount. Founded in 1979, Mae Terra manufactures organic foods and healthfood products, with a portfolio of more than 120 products including organic cereals, cookies, snacks and culinary products. “Growing at over 30% per year, Mae Terra has a strong brand equity and a clear purpose of making nutritious food accessible to …
Unilever, the global FMCG firm, has announced that it is to buy South Korean skincare and cosmetics firm Carver Korea in a €2.27 billion deal. Founded in 1999, Carver Korea originated as an aesthetics company supplying professional products to beauty salons, and is now said to be the fastest-growing skincare business in South Korea, through sales of its brand AHC. The AHC portfolio includes essences, toners, moisturisers, masks, and sun protection, including …
French multinational Danone has announced an investment in organic frozen baby food start up Yooji, through its investment arm Danone Manifesto Ventures. Founded in September 2012, Yooji is said to be aiming to revolutionise baby food by providing frozen portion-sized products that are sourced from organic farms. The firm’s range is claimed to respond to a growing demand from parents for high-quality healthy baby meals which are easy and convenient, yet remain …
Potato snack company Kettle Foods has completed the acquisition of UK popcorn producer Cornpoppers for an undisclosed sum, according to a FoodBev report. Founded in 1979, Cornpoppers is a family business which supplies branded and private label popcorn products to retailers and wholesalers. Its portfolio comprises three cinema-style popcorns, as well as speciality flavours such as jalapeno, chilli & lemon, and maple syrup. “The acquisition of Cornpoppers is the next exciting …
Global beer giant AB InBev has announced the acquisition of Manly, Australia based craft beer maker 4 Pines Brewery for an undisclosed sum. The purchase will see 4 Pines Brewery join other Australian brands that are under the Carlton & United Breweries umbrella in the country, including Victoria Bitter, Carlton Draught, Pure Blonde and Great Northern. 4 Pines will reportedly continue to operate from its Manly and Brookvale breweries, while …
FMCG multinational Unilever has announced that it will acquire Remgro’s interest in Unilever South Africa, exchanging it for the Unilever South Africa spreads business and a cash transaction. According to Unilever, the company is buying a 25.5% stake from Remgro in Unilever South Africa Holdings (Pty) Ltd in exchange for the Unilever spreads business in Southern Africa and a sum of 4.9 million ZAR ($371 million), which represents a deal …
Mexican beverage company FEMSA has announced the sale of a 5.24% stake in beer firm Heineken. According to Heineken, FEMSA has divested 22,485,00 shares in Heineken NV, which represents 3.90% of the issued share capital, at a price of €84.50 ($101.28) per share, and 7,700,00 shares in Heineken Holding NV, representing 2.67% of the issued share capital, at a price of €78 ($93.49) per share. The sale of around €2.5 …
McCall Farms, a US producer of fresh canned vegetables and fruit, has signed an agreement with fruit firm Del Monte Foods to acquire Sager Creek Vegetable Company, according to a report in Food Business News. Financial terms of the transaction were not disclosed. The agreement is set to bolster the McCall Farms portfolio with retail and foodservice brands such as Popeye, Veg-all, Princella, Allens, Freshlike and Trappey’s. Woody Swink, co-president …
Premium Brands, a Canadian producer of branded speciality food products, has announced the acquisition of a 100% stake of Ontario-based Leadbetter Foods, a meat products firm. Leadbetter Foods manufactures bacon, fresh and frozen burgers and portion cut steaks which it markets under brands such as Cowboy Burgers and Cowboy Steaks, and has annual revenues of $55 million. The firm operates two production facilities, including a modern 47,000 sq ft custom …
Post, the US breakfast cereal firm, has announced that it is expanding its presence in chilled and frozen foods with the acquisition of Bob Evans Farms for an equity value of approximately $1.5 billion. The firm said the deal would add a highly complementary portfolio of brands to its product range, including a leading brand in refrigerated side dishes. Bob Evans Farms is a leading producer and distributor of refrigerated potato, …
Inventure Foods, the US food manufacturer, has announced the divestment of its frozen division in its latest bid to reduce its debt burden. The firm announced it had entered into a definitive asset purchase agreement for the sale of its frozen business including the Rader Farms and Willamette Valley Fruit Company brands, as well as certain assets, rights and properties related to its frozen fruits, vegetable blends, beverages, and frozen …
Associated British Foods (ABF), the UK manufacturer of bakery, sugar and other grocery products, has unveiled the acquisition of Acetum, described as the leading Italian producer of Balsamic Vinegar of Modena, subject to competition clearance. Announcing the move in its latest trading update, the company said it had “ambitious plans” for the newly acquired firm and its brands. “The acquisition will broaden our international presence in speciality foods”, it said. …
The US arm of FMCG multinational Nestle has announced that it has agreed to acquire Sweet Earth, a plant-based foods manufacturer based in Moss Landing, CA, USA. Launched in 2011, Sweet Earth markets a range of frozen meals, burritos, breakfast sandwiches, and chilled plant-based burgers and proteins are sold in more than 10,000 stores, including independent natural grocers, Whole Foods, Target, Kroger and Walmart. Nestle said the acquisition gave it an …
South African wine and spirits group Distell has announced the sale of wine farms and brands with the aim of doubling revenue and profits by 2021. According to Supermarket & Retailer, Distell CEO Richard Rushton said that the company had already sold the La Bonheur and Stellenzicht wine farms and respective brands, which were part of the Lusan premium wine estate. The move will allow Distell to “redouble our efforts …
The Hut Group, an e-commerce firm specialising in health and lifestyle brands, is continuing is rapid expansion into cosmetics and toiletries with the acquisition of UK spa brand ESPA in a rumoured £100 million ($130 million) deal. ESPA markets a range of skincare and cleansing products for men and women, as well as operating 600 spas across 60 countries. The firm, which is currently under the ownership of private equity …
Casalasco, Italy’s leading grower and processor of tomatoes, has announced that it has acquired the De Rica brand of tomato products from canned foods firm Generale Conserve. Casalasco describes De Rica as a historic Italian brand synonymous with natural, authentic and high quality products. The firm added that the brand’s relaunch by General Conserve at the end of 2013 had boosted its presence in the premium canned vegetable segment both …
Sigma Alimentos, the frozen and refrigerated foods firm, has strengthened its presence in eastern Europe with the acquisition of a further 51% stake in Romanian meat firm Caroli, taking its shareholding in the company to 100%. Caroli is a leading producer of ready-to-eat packaged meats with more than 23 years of operation, marketing products under local brands such as Caroli, Sissi and Primo. The company operates a plant in the …
Eagle Foods, a US manufacturer of snacks and canned milk products, has announced the expansion of its snack range with the acquisition of popcorn maker Popcorn Indiana. Popcorn Indiana is a leading brand in the ready-to-eat popcorn category, with a broad range of “classic” varieties as well as a line of “indulgent” flavours under the Drizzlecorn name. Eagle Foods said Popcorn Indiana would strategically complement Eagle Foods’ GH Cretors brand and private …
Co-operative, the UK retail group, has entered into exclusive talks to acquire the convenience store chain Nisa, according to a BBC report. “We can confirm that we’ve entered into a period of exclusivity with Nisa, which will provide the opportunity for us to carry out more detailed due diligence in the coming weeks”, a Co-operative spokesman is quoted as saying. The ethically-oriented firm is reported to have superseded rival Sainsbury …
Multinational retailer Walmart has announced that it is to launch a service enabling consumers to order products via Google Express, technology giant Google’s e-commerce platform. Writing in the New York Times, Marc Lore, Walmart US president & CEO of e-commerce, said the firm would be working with Google to offer hundreds of thousands of items via Google Assistant, a service that permits ordering use voice recognition technology. “Our new voice shopping …
Ajinomoto, one of Japan’s largest food makers, has signed a deal to fully acquire its partner in Turkey, Kukre Gida, which is the parent company of food brand Kemal Kukrer. Ajinomoto first took a 50% stake in the company in 2013 and has now signed a new deal to acquire the remaining stake for $51.36 million. The firm said it aimed to strengthen its local portfolio for long-term growth. Ajinomoto has been …
Polish retailer Eurocash Group, the largest wholesale FMCG distributor in the country, has sign a letter of intent to acquire the supermarket chain Mila, which has a network of about 190 stores. According to sources, Eurocash is looking to acquire a 100% stake in the retailer’s business and has been granted exclusive talks to complete the transaction by 8th September. Mila currently has 188 supermarkets in Poland. In 2016 the retailer …
Hormel Foods, a US food company based in Austin, TX, has acquired Brazilian meat processor Cidade do Sol for approximately $104 million. According to a company press release, the acquired business will become a part of Hormel Foods’ International business unit, providing an initial entry into the Brazilian market and serving as a platform for future growth in South America. Jim Snee, president and chief executive officer of Hormel Foods said: “Strategic …
Global cigarette manufacturer Japan Tobacco has announced that it is buying Mighty Corp, the number two cigarette company in the Philippines, for 46.8 billion PHP ($936 million). According to executive vice president of Japan Tobacco, Mutsuo Iwai, “This major acquisition in Southeast Asia adds to our recently announced full-scale entry into Indonesia, and will further enhance our business base in the region”. In August, Japan Tobacco announced that it would take a …
Coffee supplier and distributor Farmer Brothers is to acquire all assets of Boyd Coffee Company, a provider of coffee, tea and other beverages, accord to a report in Food Business The purchase consists of up to $42 million in cash and 21,000 shares of a new series of preferred stock, making an estimated total price of $58.6 million. The acquisition is expected to be completed in 12 to 18 months. Founded …
Global food company Flagship Food has acquired the Glutenfreeda brand for an undisclosed amount. The Glutenfreeda range focuses on gluten-free products, including oatmeal, granola, flatbread, tortillas, burritos, sandwich and wraps. As part of the deal Flagship Food will take over operations in Gletenfreeda’s facility in Burlington, WA. Yvonne Gifford, founder and chief executive officer of Glutenfreeda, commented: “We have great products and great customers. What we needed was a great …
B&G Foods has entered into an agreement to acquire snack company Back to Nature Foods for approximately $162.5 million in cash. Back To Nature Foods specializes in ‘better-for-you’ products. Its product range encompasses cereal, biscuits, crackers, nuts and soup Robert C Cantwell, president and chief executive officer of B&G Foods, commented: “We are very pleased to add Back to Nature to the B&G Foods family of brands. Consistent with our …
Royal Cup, an importer and roaster of specialty coffees and teas, has announced the acquisition of Richgood Gourmet, a manufacturer of cold-brew coffee and owner of the Icebox Coffee brand. The founder of Icebox Coffee, Bebe Goodrich, will remain in the company as director of liquid product innovation, leading new product development. Royal Cup’s CEO Bill Smith said: “Combining forces to expand our cold-brew offering and improve our ready-to-drink product mix …
Gallo Winery, a wine, spirits and FAB producer, has announced the acquisition of Germain-Robin, a luxury brandy from California, USA. The deal includes the Germain-Robin brand, inventory of aged and aging brandies and all finished products. Founded by Ansley Coale and Hubert Germain-Robin, Germain-Robin is claimed to have innovated by blending cognac traditions and techniques with California winemaking and premium grapes. Ernest J Gallo, general manager of Gallo’s Spirits said: “We are …
Mars, the global food giant, has announced that it has signed a definitive agreement to acquire Preferred Brands, which makes ready-to-heat Indian and Asian foods primarily marketed under the Tasty Bite brand. The Tasty Bite portfolio includes a wide range of vegetarian offerings, including ready meals, meal kits, and organic rice and lentils. While the majority of sales are generated in North America, Preferred Brands also supplies retailers in the UK and Australia and foodservice …
Smithfield Foods, the leading US pork producer, has announced that it has reached a deal to acquire Kansas City Sausage Company, a contract manufacturer of sausages for private label clients. The move follows a 50:50 joint venture signed between the two companies in 2013. Kansas City Sausage Company has operations in Des Moines, IA and Kansas City, MO. In Des Moines, the company produces raw materials for sausage, as well as …
Global beer giant AB InBev has announced that it is merging operations in Russia and Ukraine with Turkish brewer Anadolu Efes. Reuters reports that the two companies are seeking to strengthen their position in a declining beer market, with sales having dipped following increasing regulation and taxes imposed by the Russian government. The announcement of the non-binding agreement follows AB InBev’s acquisition of a 24% stake in Anadolu Efes as …
Minnesota, US based beverage maker Cold Spring Brewing has been acquired by Brynwood Partners, as the private equity firm further expands its portfolio of consumer brands. Founded in 1874, Cold Spring Brewing produces non-alcoholic and alcoholic beverages and beer for other companies’ brands and retailer private labels, as well as brewing beer under their own brand. The company employs about 350 workers and records annual sales of more than $60 …
Italian mineral water company Ferrarelle has acquired a 99% stake in Amedei, an artisan chocolate maker. According to sources, the acquisition includes the shares that were bought by the Octupus Europe Limited fund in 2015. Amedei founder Cecilia Tessieri will retain a 1% stake in the business “in order to ensure continuity in the quality and uniqueness of research that has made Amedei a world-renowned brand for its excellence in …
Constellation Brands, the leading wine, beer and spirits firm, has announced the acquisition of Florida-based craft brewer Funky Buddha. Funky Buddha is described as the fastest growing craft brewery in Florida, with brands including Floridian Hefeweizen and Hop Gun IPA. The firm’s 54,000 sq ft brewery has a capacity of 45,000 BBLs, and is said to be South Florida’s largest craft microbrewery by size and volume. Funky Buddha will join Constellation Brands’ Craft & …
Unilever, the FMCG giant, has announced that it is to buy Australian ice cream maker Weis for an undisclosed sum. Weis is described as a second-generation Australian ice cream and frozen dessert manufacturer with a variety of ice cream formats including single bar, multi-pack bars, dairy-free sorbet tubs and frozen yoghurt tubs. Unilever said that these products would continue to be made in the firm’s factory in Toowoomba, Queensland post …
Global tobacco firm, Japan Tobacco has announced the acquisition of kretek cigarette company Karyadibya Mahardhika and its distributor for $677 million, in a deal that will see it buy 100% of the outstanding shares in the Indonesian firm. Japan Tobacco said the acquisition would “give the JT Group immediate scale and presence on a nationwide level in the Indonesian kretek market”. Indonesia is described as the world’s second largest tobacco …
Mumbai-based FMCG company Marico has announced the acquisition of the leading South African hair styling brand Isoplus for about 36 crore INR ($5.6 million). The deal, which includes Isoplus’ manufacturing facilities, working capital and intellectual property rights, was made between the previous owners JM Products and Mary L Harris and Marico’s subsidiary Marico South Africa. The Isoplus brand is claimed to be the market leader in South African’s styling segment …
RP Sanjiv Goenka has announced the acquisition of a 70% stake in Gujarat-based snacks firm Apricot Foods. According to RP Sanjiv Goenka, Apricot Foods’ E-Vita range will enable the firm to move into the mass market savoury snacks space. The deal is described as being part of the company’s strategy to be present in three different FMCG categories. “We have acquired 70% in Apricot Foods which sells e-vita branded snacks …
Japan’s leading brewer Sapporo has acquired US firm Anchor Brewing for $85 million. Described as one of the US’s original craft breweries, Anchor Brewing was founded in San Francisco in 1896 and is now the 22nd largest in the country, according to the Brewers Association, generating $33 million in revenue in 2016. Many of Japan’s leading brewers have been strengthening their hand in overseas markets in recent times. Kirin has …
Grupo Lala, the Mexican dairy company, has announced that it has reached a deal to acquire its Brazilian peer Vigor for an implied value of R$5.725 billion ($1.839 billion). The deal is set to include the acquisition of up to 100% of the shares of Vigor Alimentos SA, as well as up to 100% of the shares in Itambe Alimentos. Founded in 1917, Vigor is described as having 14 production plants, 31 …
Chinese firms Sanyuan, an international dairy company, and Fosun, a global conglomerate and investment company, have announced they are to team up to acquire the French margarine and spreads brand St Hubert from its current shareholders. Established in 1904, St-Hubert is a leading manufacturer of spreads, selling over 35,000 tons per year. It is said to enjoy a leading position in France and Italy and manufactures plant-based yoghurts, drinks, and desserts, in additional to its …
Campari, the Italian wine and spirits firm, has announced that it has reached an agreement to sell the Carolans and Irish Mist liqueur brands to Heaven Hill Brands, America’s largest independent family-owned and operated distilled-spirits company, for $165 million. According to Campari, the sale of 100% of the share capital was made through TJ Carolan & Son Ltd – a wholly owned subsidiary – and the deal includes the sale …
Japanese pharmaceutical company Otsuka Pharmaceutical has announced the acquisition of plant-based food company Daiya Foods for C$405 million ($325 million). Daiya offers “high-quality, unique plant-based nutrition products” that are described as free from seven mayor food allergens, including soy, gluten and dairy. The acquisition, according to an Otsuka spokesman, expands Otsuka’s product portfolio, while helping Daiya to increase its presence throughout North America and beyond. Terry Tierney, CEO of Daiya …
Global beverage giant AB InBev has announced the acquisition of leading organic drink maker Hiball Energy, which produces energy drinks under the Hiball Energy brand and sparkling juices and sparkling waters under the Alta Palla brand. The acquisition, which will expand AB InBev’s presence in the non-alcoholic drinks sector, is aimed at supporting Hiball Energy and its brands through brand-building experience, access to a wholesaler network and operational expertise. Hiball’s energy drinks and sparkling …
Wernsing Food Family, a deli foods manufacturer, is taking a majority interest in fresh fruit firm Fresh Factory, according to a report in Cafe Future.net. Founded in Hamburg in 1997, Fresh Factory is a leading player in the prepared fruit segment in Germany, supplying foodservice, wholesale and retail channels. The firm’s retail line is marketed under the Greenitsch name and is predominantly comprised of ready to eat, chopped fresh fruit …
International seasoning and food firm Ajinomoto has announced the acquisition of French frozen food maker Labeyrie Traiteur Surgeles (LTS) through Ajinomoto’s consolidated subsidiary Ajinomoto Foods Europe for €21 million ($24.1 million). The acquisition, made under an agreement between Ajinomoto and LTS’s parent company Labeyrie Fine Foods, is aimed at enabling Ajinomoto to expand its business platform of frozen foods in France “by combining LTS’s production base and market reach in the home-use …
Schwan’s Company, the US frozen food firm, is stepping up its presence in the pizza space with the acquisition of Better Baked Foods and Drayton Foods, both subsidiaries of NE Foods. The move comes less than two months after the firm reached a deal to acquire pizza firm MaMa Rosa’s. Better Baked Foods makes pizza, French bread pizza and sandwich items for private label customers and foodservice venues, and offers retail brands …
Refresco, an independent bottler of beverages for retailers and manufacturers in Europe and the US, has announced the acquisition of Cott Beverages in an all-cash transaction worth $1.25 billion. Cott Beverages, which generates $1.7 billion in annual revenues, is described as drinks firm Cott’s “traditional beverage manufacturing business”. It is one of the world’s largest producers of non-alcoholic beverages with a portfolio including carbonated soft drinks, shelf stable juice and …
British FMCG and pharmaceutical firm GlaxoSmithKline has announced its intention to sell its Horlicks brand of hot drinks in the UK, together with its MaxiNutrition business. The sale is reportedly part of the company’s strategy of focusing on its pharmaceutical business, which accounts for £16.1 billion ($20.1 billion) in annual sales. Horlicks was originally acquired by GlaxoSmithKline forerunner SmithKline Beecham in 1969. The malted hot drink is available in Light and …
Mexican bakery firm Grupo Bimbo has acquired East Balt Bakeries, a US foodservice supplier of bakery products, for $650 million. With annual sales of over $420 million, East Balt Bakeries is a leading producer of bakery products with a presence across 11 countries in the US, Europe, Asia, the Middle East and Africa. “With the entry into eight new countries, this acquisition boosts the company’s vision of expanding our global …
BAT has announced the acquisition, through a subsidiary company, of the remaining 57.8% of Reynolds American Tobacco. The acquisition, which has been approved byh shareholders of both companies, is expected to be completed by the end of the month. On the day if completion, the company will start trading on the New York Stock Exchange under the existing trading symbol BTI. Nicandro Durante, BAT chief executive, commented: “We are delighted …
German snack and food company Intersnack is to acquire the Butterkist popcorn brand from privately owned Tangerine Confectionery via its KP Snacks arm. As part of the deal, Butterkist popcorn manufacture will be transferred to KP Snacks along with 150 employees, while the remaining part of the Tangerine Confectionery business will continue to operate autonomously. Mark Thorpe, CEO of KP Snacks, commented: “I am delighted that we have this opportunity …
McCormick, a US manufacturer of spices, herbs, and flavourings for retail, commercial, and industrial markets has signed an agreement to buy the food division of Reckitt Benckiser (RB), the British multinational consumer goods company, for $4.2 billion. “RB Foods’ focus on creating products with simple, high-quality ingredients makes it a perfect match for McCormick as we continue to capitalize on the growing consumer interest in healthy, flavorful eating,” commented Lawrence …
US-based dairy manufacturer HP Hood has acquired a 360,000 sq ft dairy facility in Batavia from Dairy Farmers of America, the latter having purchased the plant for $60 million from Muller Quaker Dairy when the venture closed in 2015. It is claimed that the total investment will be more than $200 million, including a purchase price of $54 million for the plant. Approximately 230 jobs are expected to be created as a …
Russian retailer O’Key Group has announced a partnership agreement with Familia, a leading ‘off-price’ retailer. According to O’Key Group, as part of the strategic agreement, Familia will open two stores in its hypermarkets in Ekaterinburg and Tyumen by the end of 2017. The agreement is described as being part of a strategic initiative to create a ‘compact hypermarket’, enhancing efficiency by forming partnerships to lease space to partners without lowering the …
Czech beverage manufacturer Kofola Group has announced the acquisition of Polish manufacturer Premium Rosa, aiming to expand its portfolio in the ‘healthy’ foods space. According to Kofola Group, Premium Rosa is a high-potential firm with a double-digit sales growth, positioned in the premium segment, that produces natural products such as syrups, juices and jelly, using traditional and natural recipes. Tomasz Towpik, current owner of Premium Rosa, said: “We are delighted to welcome Kofola …
Uniekaas, a Dutch cheesemaker, has announced that it is to be acquired by DOC Dairy Partners, a subsidiary of German dairy company DMK. The deal includes Uniekaas’s complete maturing, packaging and production facilities in Kaatsheuvel, the Netherlands. Certain activities, such as the brands Tjiezi and Parrano, are excluded from the transaction, however, and will continue under the name Best Cheese Holland. Best Cheese Holland will focus on international markets, especially the USA …
Pernod Ricard, the global wine and spirits firm, has announced the disposal of its Glenvallachie whisky brand to a consortium of Scotch whisky executives through its Chivas Brothers subsidiary. The transaction includes the Glenallachie single malt brand and the MacNair’s and White Heather blended scotch brands, as well as relevant inventories, Pernod Ricard said in a statement, adding that the sale was “in line with Pernod Ricard’s strategy to focus …
UScereal firm Guenther & Son has acquired frozen meal and snack company Les Plats Du Chef . Financial terms of the transaction were not disclosed. Based in Montreal, Les Plats Du Chef operates two facilities in Montreal and Toronto. It produces soups, dips, empanadas, oatmeal and other foods under the Cuisine Adventures brand name. It also manufactures private label products and supp the food service industry under the Thyme & Truffles brand. …
Cerealto, a Spanish food manufacturer, has announced the acquisition of Italian pasta producer Pastificio Mediterranea. As part of the agreement, Cerealto will maintain 100% of the workforce, a total of 63 employees, as well as machinery and production lines at the pastamaker’s facility located in Silvano D’Orba, Alessandria. According to a company press release, Cerealto will also continue using 100% local Italian suppliers. Pastificio Mediterranea is a manufacturer of pasta …
Katjes, a German confectionery firm, has signed an agreement to acquire the Italian business of Swedish sweetmaker Cloetta for 450 million SEK ($53.4 million). Cloetta Italy employs 400 people across its four facilities in Italy and in 2016 had annual sales of 745 million SEK ($879 million). “This is a very good solution for all parties and follows Cloetta’s strategy to focus more on its business in North-Western Europe including …
US food and drink company Campbell Soup has entered into agreement to acquire Pacific Foods for $700 million in cash. Founded in Oregon in 1987, Pacific Food has approximately 540 employees and operates a certified organic plant. Following the acquisition, Pacific Food will become part of Campbell Soup’s Americas Simple Meals and Beverages division. Denise Morrison, Campbell’s president and chief executive officer, commented: “This acquisition is consistent with our purpose, …
Sigma Alimentos, a unit of conglomerate Alfa, has acquired Sociedad Suizo Peruana de Embutidos (Supemsa), a producer of cold meat and dairy products in Peru. Financial terms were not disclosed. Sumpensa operates a cold meat plant in Chancay with 800 employees. In 2016 the company had sales of $54.2 million. The deal will expand the presence of Sigma Alimentos in Central America. The firm had previously enhanced its footprint in …
Dean Foods, one of the American leading food and beverages companies, has acquired Uncle Matt’s Organic, a producer of organic beverages where the financial terms were not disclosed. Founded in 1999, and located in Florida, Uncle Matt’s Organic makes organic fruits and juices, including probiotic-infused juices and fruit-infused waters. After the acquisition, the company will operate as a subsidiary of Dean Foods. “Our mission has always been to produce the …
Zwanenberg, a Netherlands-based food and drink manufacturer, is to buy a plant owned by FMCG multinational Unilever via a new “strategic partnership” announced by the two firms. As a result of the agreement, Zwanenberg said it intended to transfer around 18,000 tonnes of its preserved meat production to the facility in Oss, Netherlands, which manufactures meat, sauce and soup products, by 2019. The firm said that production of preserved meat …
German health and beauty company Beiersdorf has announced plans to build a new headquarters and research centre in Hamburg-Eimsbuttel, Germany. Costing €230 million, the new facility will have a total area of about 100,000 sq m and nearly 3,000 “state-of-the art” workstations. The construction will begin this year and it is scheduled to be completed in 2021, according to company press release. “With the construction of our new headquarters in …
Kraft Heinz, one of the world’s largest food and beverage firms, has announced an agreement to sell its cheese plant located in Campbell, NY, USA to Upstate Niagara, a dairy farmer cooperative. The deal, expected to be completed within the next 30 to 60 days, is said to see employment at the site increase to more than 150 jobs over the coming year. “As a dairy cooperative owned by farm families …
Global beverage giant Diageo has confirmed the acquisition of Casamigos, a “super-premium” tequila brand for $1 billion. Casamiro was founded in 2013, and is described by Diageo as the fastest growing tequila brand in the US, increasinb sales by 54% over the last two years. The transaction, where is expected to close in the second half of 2017, values the company at up to $1 billion. Diageo will pay $700 …
Unilever, the FMCG giant, has announced that it has signed an agreement to acquire Hourglass Cosmetics, a US-based manufacturer of colour cosmetics. Hourglass Cosmetics, which markets eye, lip and facial cosmetics, as well as the skincare brand Equilibrium, was founded in 2004 and promotes itself as being “at the revolutionary intersection of science, beauty and luxury”. The firm is “known for innovation, luxe packaging and exceptional product experience” and “acclaimed …
Cultivate Ventures, the strategic platform of Hain Celestial Group has signed an agreement to acquire bean-based manufacturer Better Bean, for an undisclosed amount. “Better Bean is well suited for the Cultivate Ventures portfolio given our focus on the perimeter of the store with our BluePrint functional beverages, Yves Veggie Cuisine vegetarian offerings and Health Valley refrigerated soup products,” commented on the acquisition Beena Goldenberg, chief executive officer of Cultivate Ventures …
US retail and wholesale firm Supervalu has completed the acquisition of wholesale grocery cooperative Unified Grocers for $390 million. The deal is comprised of $114 million in cash and $276 million for outstanding net debt. Supervalu has annual sales of about $13 billion, while Unified Grocers annual sales are approximately $3.8 billion. Mark Gross, president and chief executive officer of Supervalu commented: “The completion of this transaction is a significant step forward …
L’Oreal, the global personal care giant, has announced that it has signed a contract for the sale of The Body Shop to Brazil-based Natura Cosmeticos. The French firm announced earlier in June that it was in “exclusive discussions” with Natura Cosmeticos over a potential deal, which valued The Body Shop at an enterprise value of €1.0 billion ($1.1 billion). Speculation regarding a possible sale first surfaced in February, although the …
Cereal and snack firm Kellogg’s venture capital fund Eighteen94 Capital has made an investment in plant-based frozen smoothie maker Bright Greens. The $2 million raised is set to be used to scale up the business. Founded in 2015 by Brian Mitchell, Bright Greens aimed to make it more convenient for consumers to get their fruits and vegetables through smoothies that provide “a quick and delicious way of getting healthy fruits …
FMCG giant Nestle has revealed that it is considering the divestment of its confectionery brands in the USA, as part of a “strategic review” in the country. Announcing the move in a statement, the firm said that it would “explore strategic options for its US confectionery business, including a potential sale”, emphasising that the review covered the US market only and adding that it was “fully committed to growing its …
Nurtrinor, a Canada based agri-food cooperative, has acquired a majority stake in cheese specialist Fromagerie Champetre, company based in Repentigny in Canada. The acquisition, according to a company statement, is part of a three-year investment plan to strengthening Nutrinor’s position in the agri-food sector, enabling the cooperative to position itself on the dairy processing market outside the region. With the acquisition, Nutrinor will be able to transform more than 52 million …
US e-commerce giant Amazon has agreed to acquire the retailer Whole Foods Market for $13.7 billion including net debt. The acqusition is the latest in a series of significant moves by Amazon into FMCG retailing, including the opening of its first bricks-and-mortar grocery store in December of last year. According to Food Business News, the stores acquired by Amazon will continue to operate under the Whole Foods Market brand, maintaining …
Danish retailer Dansk Supermarked has reached an agreement to acquire 81 stores from competitor retailer Dagrofa. According to European Supermarket News, Dansk Supermarked aims to convert more than half the acquired stores into Netto outlets, whilst leases on the other stores are set to be offloaded to other retailers. Following the transaction, Dagrofa is set to focus its efforts on its Meny, Spar, Min Kobmand and Let-Kob banners, as well …
Leading wine and spirits firm Pernod Ricard is to take a majority stake in Del Maguey Single Village Mezcal, a producer of artisanal and hand-crafted mezcals. Founded in 1995, Del Maguey Single Village Mezcal produces a range of hand-crafted mezcals from the Oaxaca region of Mexico. “We partnered with Pernod Ricard because they understand and appreciate our mission of preserving the culture of the Zapotec people and protecting the traditional process …
US meat processor Tyson Foods has concluded the acquisition of AdvancePierre for an approximate transaction value of $4.2 billion. With a workforce of 4,500, AdvancePierre makes snacks and ready-to-eat sandwiches, generating revenue of $1.6 billion in 2016. According to Tom Hayes, president and chief executive officer of Tyson Foods, the merger of Tyson and AdvencePierre Foods is expected to generate synergies of about $200 million during the next three years. …
US-based food producer JM Smucker has signed an agreement to acquire oil brand Wesson from Conagra Brands, in an all-cash transaction worth about $285 million. Under the new agreement, Conagra Brands will remain as the producer of the Wesson branded products and provide certain other transition services for up to one year. After this point, production will move into Smucker’s existing oil manufacturing facility in Cincinnati, OH, USA. “By allowing us …
German food manufacturer Dr. Oetker has announced that it is to acquire Mexican-based baking aids and syrup maker Grupo Rexal. “We are delighted to be able to strengthen our market presence in Mexico by taking over a successful family business,” commented on the acquisition Richard Oetker, Dr. Oetker CEO. “Grupo Rexal’s products ideally complement our portfolio and, particularly in the field of baking, fit both our strategy and our core …
US frozen food maker Schwan’s Company has agreed to acquire pizza maker MaMa Rosa’s for an undisclosed amount. MaMa Rosa’s produces and sells refrigerated pizzas under the MaMa Rosa’s and Fight’n Tomato Pizza Co. brands, and operates a 160,000 sq ft facility in Sidney, OH “We are extremely excited to have MaMa Rosa’s join the Schwan’s family of businesses based on their reputation in our industry for delivering great quality …
Mexican bakery firm Grupo Bimbo has acquired a 65% stake in the Indian company Ready Roti for an undisclosed amount. The New Delhi-based maker of bread, pizza bases, as well as sweet and savoury buns, operates four plants, generating annual sales of around $48 million. “This acquisition represents Grupo Bimbo’s entry to the Indian market, strengthening its presence in emerging markets, in line with its vision”, Grupo Bimbo said. Grupo …
Lactalis, the French dairy multinational, has secured an agreement to acquire German dairy producer Omira. Omira, one of the largest dairies in southern Germany, produces 830 million kilograms of milk per year. It produces UHT milk and dairy-based desserts, as well as lactose-free products under the Minus L brand, in its two facilities in Neuberg and Ravensburg. According to sources, Lactalis will guarantee milk prices for Omira’s 2,600 suppliers for …
Anatolia, a Turkish wholesale group, is set to acquire UK dried fruit brand Whitworths for an undisclosed sum, according to a report in FoodBev. Whitworths markets preserved fruit products – including sultanas, raisins, mango and prunes – for both baking and snacking. It also offers cereal-based snack products such as flaxseed crisps and coconut raw bars. The merger is said to provide a platform for long-term growth, combining Whitworths’ capabilites …
FMCG multinational Unilever has announced that it has reached an agreement to acquire personal care and home care brands of Latin American consumer goods firm Quala. With a combined turnover of over $400 million in 2016, Quala’s portfolio includes leading local brands such as haircare and skin cleansing brand Savital/Savile, male haircare and styling brand eGo, haircare brand Bio-Expert, oral care brand Fortident and fabric conditioner brand Aromatel. Unilever’s CEO …
Dabur South Africa, a subsidiary of FMCG manufacturer Dabur, has announced the acquisition of hair care brand Long and Lasting by acquiring both manufacturer and distributor in a deal reportedly worth around 25 crore INR ($3.9 million). Long and Lasting is manufactured in South Africa by D&A Cosmetics, while the distributor of the product is Atlanta Body & Health Products. Both companies sell mid-range products across the South African market. …
Orkla Food Ingredients, the company supplier of branded consumer goods and concept solutions to the grocery sector, has announced the acquisition of an 80% stake of SR Food through its subsidiary Dragsbaek A/S. With the acquisition, Orkla is aiming to strengthen its position as a supplier of organic and vegetarian foods. SR Food is a privately-owned company established in 2003. It has a wide range of products including fresh doughs, tapas …
South African wine and spirits group Distell has announced a partnership with the Cruz Vodka business worldwide, purchasing a 75% stake in the brand from Blue Sky Brand Company (BSBC). Financial terms were not disclosed. Commenting on the investment, Distell said: “The transaction strengthens Distell’s portfolio in the premium vodka category, one of the fastest growing spirits categories in South Africa and which is expected to continue exhibiting strong growth …
Twinsaver Group, a leading manufacturer and distributor of tissue paper products in South Africa, has acquired Sylko, a manufacturer of paper and related products such as aluminum foil, and disposable household products such as plastic tableware. The investment follows the group’s acquisition of hygienic disposable products manufacturer Validus Medical and a 580 million ZAR ($43 million) investment to improve Twinsaver Group’s production capacity. Twinsaver Group CEO Garth Towell said: “It …
Leading Italian dairy company Granarolo has acquired a 50.01% stake in Quality Brands International (QBI) , a Greek distributor of European dairy products that closed 2016 with a turnover of €20.2 million ($22.2 million). Granarolo said the acquisition would enable the group to consolidate its operations in Greece, a market into which it has been selling for over 10 years through QBI. Granarolo is currently said to be the leading …
Cerealto, the multinational food company, has signed an agreement with Grupo Siro to acquire two factories from the Spanish group. The two facilities acquired by Cerealto are a bakery in Burgos and a sliced bread facility in Malaga. The deal is in addition to the recent acquisition of a biscuit factory in Portugal as part of the firm’s expansion plans in southern Europe. Cerealto manufactures bakery products including biscuits, cereal bars, pasta, …
AB InBev, the global beer leader, has added to its business unit The High End with the acquisition of Wicked Weed, one of the leading producers of barrel-aged sour and wild beers in the southeastern United States. Based in Asheville, North Carolina, Wicked Weed Brewing was founded in 2012, since when the brewery has created over 500 different beers. “Our ability to create a wide range of really well executed …
Portuguese retail and telecoms conglomerate Sonae has announced that it has reached an agreement to acquire organic supermarket chain Brio. Brio is now 100% owned by Sonae through an acquisition agreement concluded between Sonae MC and The Edge Group, which has owned the chain since 2010. Brio operates six stores across Lisbon, each store entirely focused in organic food. Luís Moutinho, CEO of Sonae MC said: “This expansion of Sonae …
Tyson Foods, a US-based multinational food manufacturer, has announced plans to sell three non-protein business as part of its strategy to focus on protein-packed brands. Last February, Tyson Foods announced its intention to grow its portfolio of protein packed brands and is now planning to sell its Sara Lee Frozen Bakery, Kettle and Van’s businesses. These companies produce frozen desserts, breakfast bars and cereal, waffles, sauces and sides. “Through our ongoing …
FMCG multinational Unilever has announced the purchase of start-up company Sir Kensington’s, a condiment firm based in New York. Sir Kensington’s is described by Unilever as a pioneer and leader in condiments sold in the organic and natural marketplace, producing premium mustard, ketchup, mayonnaise and also a vegan mayonnaise called Fabanaine, made from aquafaba. Kees Kruythoff, President of Unilever North America said: “Sir Kensington’s is an innovative business with outstanding products …
Spanish fashion and perfumes multinational Puig has reached an agreement with Trimex, a subsidiary company of Clarins in Oceania, to strengthen the distribution of Puig’s premium and prestige brands in Australia and New Zealand, according to a report in El Confidencial. With the new partnership agreement, Trimex will now be in charge of providing logistics, commercial services and back-office to Puig in Australia, and will be responsible for the distribution …
FMCG multinational Nestle is currently in negotiations to sell a number of its brands, as well as brands owned by Garoto, according to a report in Valor. The sale is described as a requirement by Brazilian antitrust authorities to approve the merger of Nestle with Garoto, which was first announced in 2004. Valor reports that Brazilian regulators are aiming to reduce Nestle and Garoto’s market share for choocolate in Brazil – …
Weetabix, the largest cereal company in the UK, is to be sold to Post Holdings, the third biggest player in the US cereal market, for $1.8 billion (£1.4 billion), according to reports in the BBC and the Independent. Chinese outfit Bright Food has been the majority owner of Weetabix since 2012, when the company bought a 60% stake in the cereal maker. However, the brand has reportedly unable to make …
Reh Kendermann, the wine firm behind brands such as Black Tower and Kendermanns, has announced that it has acquired the South African firm Napier Winery. In a statement, the German company said that Napier Winery was known for its “outstanding and nuanced” wines, and that the deal would enable Reh Kendermann to “build its expertise in the premium segment”. Napier Winery predominantly produces red wines from its 150 hectare site …
German frozen food company Frosta has announced that it has started conversations to take over certain of Nestle’s frozen food brands in Italy. “Frosta has entered into exclusive contractual negotiations with Nestle. The subject of negotiation is the sales business including the trademark rights for the La Valle Degli Orti, Mare Fresco and Surgela [brands] for the Italian market”, the German group said in statement. Last June, Nestle sold six …
Cerelia, a producer of chilled and frozen dough, has acquired Vancouver, Canada-based English Bay Batter to support its expansion in North America. Founded in 1983, English Bay Batter is a manufacturer of chilled frozen and ready to bake products, including cookies and muffins. Cerelia is a specialist in chilled and frozen home dough including pie dough, pizza dough, pastry dough, cookie dough, crepes, pancakes, pastry sheets and filo pastry, and …
Dutch based retailer Spar has become the third largest grocery retailer of Croatia, after Spar Croatia acquired 62 Billa stores in the country. According to Spar Croatia’s board president Helmut Frenzl, the transition will be completed by the end of the year, whilst the rebranding of stores will take effect by this summer. The rebranding of the stores will represent an investment of €12 million ($12.7 million) for the retailer, …
Svenska Cellulosa Aktiebolaget (SCA), the Swedish manufacturer of paper products, is to split in two. The first of the two new companies will be a forest products company that will retain the SCA name, while the second, called Essity, will be a hygiene and health company. Following the split, Essity will develop, produce and sell personal care and tissue products. According to SCA, the name Essity stems from the words ‘essentials’ and ‘necessities’, …
New Age Beverages, a Colorado-based company manufacturing functional drinks under brands including Aspen Pure, Marley and Bucha, has announced the acquisition of Maverick Brands and its flagship coconut water beverages line Coco-Libre. Promoted as “organic coconut water with a purpose”, Coco-Libre is available in plain and pineapple-flavoured varieties. The lineup also includes protein drinks and sparkling coconut water beverages. New Age Beverages said that the acquisition filled an important gap …
301 INC, the business development and venturing unit of US food firm General Mills, has invested $3 million in Purely Elizabeth, a maker of organic granola, ready-to-eat cereal and oatmeal, according to a report in Food Business News. Founded in 2009, Purely Elizabeth has a portfolio of “innovative and nutrient-rich ingredients” including granola bars, ancient grain granola, probiotic granola, grain-free granola, oatmeal, muesli and cereal. All the firm’s products are …
Nutribolt, a Texas-based maker of sports nutrition products and functional foods, has acquired Scivation, a manufacture and supplies nutritional supplements, where the terms of the agreement were not disclosed. “We are excited to be teaming up with Scivation to bring to market the most comprehensive, innovative and proven line of pre-workout and BCAA products,” commented Nutrabolt CEO Doss Cunningham. Based in North Carolina, Scivation was founded in 2014, and is claimed …
France-based dairy and drinks multinational Danone will sell off its organic yoghurt business Stonyfield to facilitate the $10.4 billion acquisition of organic food producer WhiteWave Foods, according to a report in FoodBev The move to sell Stonyfield came after US anti-trust authorities are believed to have raised concerns about Danone’s future share of the organic dairy market. Stonyfield, which produces organic yoghurts, smoothies, frozen yoghurts and packaged milks, generated about …
Land O’Lakes, a Minnesota-based farmer-owned food and agricultural cooperative, has announced the acquisition of Vermont Creamery, a producer of dairy products. Financial terms of the transaction were not disclosed. “As we experience unprecedented growth, we need a partner who can bring the resources and expertise necessary to help us realize our vision and the potential of our business”, commented Vermont Creamery co-founder Allison Hooper. Vermont Creamery will become an independently …
Consumer goods manufacturer Britannia has announced a partnership agreement with Greek company Chipita to produce and market ready-to-eat croissants in India. According to India Retailing, the new joint venture company, which will have the name Britchip Foods Ltd, will be 60% held by Britannia and 40% held by Chipita. “The company has signed a joint venture agreement with Chipita SA, a Greek company for the purpose of developing, producing and selling …
The South African arm of the multinational brewer Heineken has acquired Stellenbrau, a craft beer producer, for an undisclosed amount. Established five years ago, Stellenbrau has a portfolio that includes four signature beers: Craven Craft Lager, Jonker’s Weiss, Alumni Ale and Governor’s Red Rooibos Lager. Heineken South Africa MD Ruud van den Eijnden commented “Stellenbrau was a natural fit, as it is what Heineken was 150 years ago, sharing the …
Brandt, the German crispbread firm, is to acquire the Austrian brand Feldbacher as it bids to expand its presence in Europe, the Westfalen Post reports. Feldbacher is the number one Austrian brand of crispbread and was first produced in 1922. It is currently owned by Bahlsen, the leading German manufacturer of biscuits, snacks and other baked goods. The deal is described as forming part of Brandt’s strategy to boost revenues …
Italian dairy company Granarolo has acquired a 60% stake in Allfood, one of the leading importers and distributors of European food in Brazil. The deal represents the second deal concluded by the Italian group in Brazil in the last two years, following its acquisition of a 60% stake in the cheese producer Yema in 2015. With the Allfood stake, Granarolo said it aimed to strengthen its presence in Brazil through synergies …
German retailer Aldi Sud has shown an interest in acquiring Italian discounter Tuodi, which has reportedly been suffering financial problems since 2013 and is now up for sale, according to a report in Milano Finanza. Tuodi is said to have announced itsdecision to sell the business after failing to recover from losses of €33.7 million ($36.4 million) in 2013 and €47.8 million ($51.6 million) in 2014. Aldi is said to be …
US-based food company Inventure Foods has announced the strategic sale of Fresh Frozen Foods to Pictsweet , a family-owned grower and processor of frozen vegetables, for a cash transition of about $23.7 million. According to a company statement, the sale of Fresh Frozen Foods is part of Inventure Foods’ strategy to reduce debt and improve its balance sheet and overall financial flexibility. Terry McDaniel, chief executive officer of Inventure Foods, …
Unilever, the Anglo-Dutch consumer goods giant, is contemplating the sale of its margarine and spreads division, including brands such as Flora, Bertolli and Stock, according to reports in the British media. In an article, the Telegraph suggests that a number of suitors, including Kraft Heinz as well as private equity firms, would be willing to pay up to £6 billion ($7.48 billion) to acquire the division, which generates around £480 …
North American packaged foods company Conagra Brandas has agreed to buy Thanasi Foods, a US snacks producer. Protein-based snacking company Thanasi Foods is the manufacturer of snack brands including like Duke’s for meat snacks and Bigs for seed snacks. The Duke’s brand includes Duke’s Smoked Shorty and Duke’s Steak Strips, both “made in small batches with quality ingredients and authentic hardwood smoke pairings”, according to a company statement. “This is …
Fazer, the bakery and confectionery producer, has announced that it has acquired fellow Finnish firm Bioferme, a specialist in the manufacture of oat-based foods. Established in 1977, Bioferme owns the established Yosa brand in Finland. Its portfolio consists of fermented oat products, including a range of non-dairy yoghurts, as well as recently-introduced cooking products. Fazer said that acquiring Bioferme would give it a “strong start” in the “rapidly growing” segment …
The Spanish firm Corporation Exea Empresarial, the holding company of the Puig family, has announced the acquisition of a majority stake in the Greek company Apivita Cosmetics, according to a report in Cosmetics Business. Exea owns the Puig fragrances and fashion group; Flamagas, a manufacturer and distributor of stationery, electronics and lighters; and Isdin, a skin care products manufacturer. Apivita Cosmetics was founded in 1979 and now has a presence in 15 …
Italian confectionery giant Ferrero has announced the acquisition of US chocolate brand manufacturer Fannie May for $115 million in cash. Fannie May’s products, which include brands like Fannie May and Harry London, are mainly distributed through the e-commerce site 1-800 Flowers.com. “Fannie May represents a strong strategic and cultural fit for Ferrero and we are happy that Fannie May’s talented people, premium brand and quality products will become part of …
Nestle, the food and drink multinational, and soft drink giants Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years, with the firms now seeking to follow different strategies in the ready-to-drink tea category. In 2001, Coca-Cola and Nestle joined forces to create Beverage Partners Worldwide, a beverage venture offering Nestea ready-to-drink tea in Canada and Europe. From January 2018, Coca-Cola will keep the license to …
301 INC, the business development and venturing unit of US food firm General Mills, has invested a non-disclosed amount in D’s Naturals, a low-sugar, plant based products company founded in 2015. D’s Natural is a firm that markets products that are soy, sugar and dairy free and contain bioengineered ingredients. Its portfolio includes No Cow Bar Snack Bars and Fluffbutter Protein Infused Peanut Spreads. Taking its name from the address …
JBS USA, a subsidiary of the Brazilian meat-packer and food processor JBS, has agreed to acquired Plumrose USA, a US based ham and deli meat business, for $230 million from Danish Crown, a leading pork exporter and processor. The agreement includes five prepared food plants located in Indiana, Iowa (2), Mississippi and Vermont, and two distribution centres in Indiana and Mississippi. The new acquisition is described as part of JBS’ …
Canadian dairy manufacturers Lait Kaiser and Cult Yogourt have agreed to acquire Chagnon Dairy, an independent creamery and milk brand in Quebec, Canada. Chagnon produces over 4 million litres of fluid milk, butter, ice cream and other dairy products. The acquisition of a 30,000 sq ft food creamery will help Lait Kaiser and Cul Yogourt to strengthen manufacturing and innovate in the dairy industry, according to claims. “Lait Kaiser and …
German household and personal care giant Henkel, has announced that it has signed an agreement to acquire haircare firm Nattura Laboratorios and associated companies in the USA, Colombia and Spain. Headquartered in Guadalajara, Mexico, Nattura Laboratorios is primarily a manufacturer of professional haircare products, but is also active in the retail space through the styling brands Moco De Gorila, Funk and Punky Junky and shampoo and conditioner brand NatturaLabs Linea …
Food and soft drinks giant PepsiCo has reportedly opened negotiations to acquire Vigor, a Brazilian dairy company owned by J&F group. According to Valor, PepsiCo has made two proposals to acquire the dairy company but up to this moment there was no consensus on the value of the transaction. The last value offered was reportedly approximately R$6 billion ($1.91 billion), which is equivalent to one year of Vigor’s revenues. Industry …
Amira Nature Foods, an Indian manufacturer of basmati rice and related products, has announced the acquisition of several speciality rice brands in Germany. The portfolio includes brands that have mainly been sold in ethnic channels and include Al Amir, Al Hakim, Bano, Dalia, Hanna and Shah Pari. “The addition of these specialty, packaged rice brands to our existing portfolio will help us strengthen our presence in the key markets of …
Grupo Bimbo, one of the world’s leading bakery firms, has reached an agreement to acquire Panattiere, a frozen bakery firm based in Colombia. Established in 2015, Panattiere specializes in pre-baked and frozen baked products, including baguettes, ciabatta, puff pastry, croissant, soft bread, sandwich rolls and muffins. Daniel Servitje, Grupo Bimbo chairman and chief executive officer, said the acquisition of Panettiere would “enable us to participate in the in-store and food service …
Parmalat, the Italian dairy firm owned by the Lactalis group, has announced the acquisition, through its subsidiary La Vaquita Holding, of a number of Chilean companies specialised in the production of cheese. According to company press release, four cheese facilities were acquired for about € 100 million (£ 86 million), where the full amount was financed with the company’s own resources. With the new acquisition, Parmalat said to aimed to strengthen …
Henkell, the German wine and spirits producer, has announced that it has acquired the rights to Managaroca Batida De Coco and other brands from Mangaroca International, a Swiss firm specialised in Brazilian-style spirits. Managaroca Batida De Coco is described as a coconut milk liqueur with a unique flavour, made according to an original Brazilian recipe. Containing 16% abv, it is recommended to be served over ice as well as in …
Canadian consumer packaged meats company Maple Leaf Foods has announced the acquisition of Lightlife Foods, a US company producing of vegetarian and vegan meat substitutes, for $140 million and related costs. Lightlife manufactures over 30 products in its facility in Massachusetts including plant-based tempeh, hot dogs, breakfast food and burgers. In 2016, the company reported sales of approximately $40 million with a US market share of 38% . “The acquisition of …
Bonduelle, the leading global vegetable firm, has announced that it has executed an agreement to acquire Ready Pac Foods, the US market leader in single serve salad bowls. Based in California, Ready Pac Foods markets the Bistro Bowl line of ready-to-eat salad bowls as well as the Elevate line of “nutritent dense” superfood salads and the Ready Snax line of chilled snack foods. The firm has four production facilities located …
Pizza manufacturer Palermo Villa has acquired Connie’s Naturals, a US frozen pizza company, according to an article in Food Business News. The agreement does not include the Connie’s chain restaurants which is located throughout the state of Illinois. As a result of the acquisition, Connie’s frozen pizza will become part of the Palermo portfolio of brands such as Palermos’s Pizza, P’mos, Screamin’ Sicilian and Unban Pie Pizza Co, which also produces …
Kraft Heinz, one of the world’s largest food and beverage firms, has decided to step back after FMCG giant Unilever rejected its merger offer on Friday. The takeover, that would have created the second largest FMCG multinational in the world Nestle, has been “amicably withdrawn”, according to a joint statement between the two companies. According to the same statement: “Unilever and Kraft Heinz hold each other in high regard. Kraft …
Spanish department store El Corte Ingles is planning to join its department stores with Hipercor hypermarkets with the aim of reorganizing its commercial offer and achieving synergies. The merger, that according to sources is at an advanced stage, aims to reduce costs by reorganising spaces and by sharing, for instance, distribution centres. Although they share spaces, both businesses compete and operate under different corporate and business units, causing duplication. One of …
US natural and organic products company Hain Celestial has agreed to acquire UK soup manufacturer Yorkshire Provender for an undisclosed sum. Yorkshire Provender is based in the UK and produces branded soups, which are sold in leading retailers, on-the-go food outlets and food service providers. The acquisition will allow Hain Celestial, which also operates in North America and India, to extend its portfolio of products in Europe. “Yorkshire Provender has a …
Kraft Heinz, one of the world’s largest food and beverage firms, has offered $143 billion deal to merge with Anglo-Dutch FMCG multinational Unilever. Unilever has reportedly rejected the deal, saying that the offer of $50 per share undervalued the company. A Kraft Heinz spokesman is meanwhile reported as saying: “We look forwards to working to reach agreement on the terms of a transaction”. According to recently-released financial statement, Kraft Heinz reported net sales …
Multinational Dutch brewer Heineken has agreed to acquire Brasil Kirin, one of the largest beer and soft drinks producers in Brazil, in a €665 million ($702 million) deal. As a result of the acquisition, Heineken said it would extend its footprint in Brazil, increasing its brand portfolio and becoming the second largest beer company in the country. Commenting on the deal, Heineken chairman and CEO Jean-Francois Van Boxmeer said: “This transaction …
Australian brewer Broo has announced the acquisition of Victorian beer company Mildura Brewery. Established in 2004, Mildura Brewery has a core range of six beers and a pub at its Victorian brewery. According to Inside FMCG, the investment of A$1 million ($768,600) will allow Mildura to expand its product range as well as giving it the capacity to distribute nationally. “The acquisition provides Broo with an exciting extension of our existing …
Texas-based Hiland Dairy plans on acquiring plants belonging to Brookshire Grocery, a Texas-based grocery chain, for an undisclosed amount. The acquisition is set to expand Hiland Dairy’s footprint and is due to close next month. Hiland Dairy produces dairy and milk products as well as distributing dairy foods and other beverages across the United States. The deal will see it acquire dairy and water-based ice cream manufacturing plants belonging to Brookshire Grocery. Brookshire Grocery is …
Carlsberg, the Danish brewer, is said to be weighing up a move for Asahi’s stake in Chinese beermaker Tsingtao, according to a Bloomberg report quoting “people familiar with the matter”. Asahi, the leading Japanese beer producer, acquired its 20% stake in Tsingtao in 2009. Bloomberg estimates the value of the stake to be around S1.2 billion. Tsingtao, China’s second biggest domestic beer producer, faces stiff competition from major players such …
Irish based snacks firm Tayto has acquired the Tavern Snacks brand and the majority of Portlebay Popcorn for undisclosed amounts, according to a report in the Irish Times. The acquisition will see Tayto take 75 per cent ownership of Portlebay Popcorn and full ownership of Tavern Snacks. Devon-based Portlebay Popcorn manufactures popcorn products with a focus on gourmet flavours and supplies retail stores around England. Tavern Snacks manufactures and sells snack foods such as …
L’Oreal, the global cosmetics giant, is contemplating the sale of its The Body Shop business for around €1 billion ($1.1 billion), according to sources quoted in the Financial Times. The company is said to be considering the possibility in light of worsening operating losses at the ethical business, which are described as increasing to €22.2 million ($23.7 million) in the first half of last year from €7.2 million ($7.7 million) …
Global nutrition firm Glanbia has announced its expansion in the supplements space with the acquisition of US firm Amazing Grass and Dutch firm Body & Fit. Glanbia said it was investing approximately €181 million to buy the two businesses, which it described as “having a strong strategic fit with Glanbia’s Performance Nutrition (GPN) division” and as allowing it to “extend its reach to new consumers and channels”. Amazing Grass has …
Australia based cereal and snacks producer Freedom Foods Group has announced a new strategic partnership with Seamild Group in China, a manufacturer of oat based cereal and foods. As a result of the deal, cereal products into China will have tariffs on imported products under the China Australia Free Trade Agreement reduced to zero over the remaining 3 year period. Under the new partnership, the range of Seamild branded oat …
Irish based dairy group Ornua has agreed to acquire FJ Need for an undisclosed amount . British based FJ Need supplies Irish and British cheese and cheese ingredients to the food manufacturing and foodservice sectors. Ornua is considered Ireland’s largest exporter of Irish dairy products with brands such as Kerrygold, Beo Milk and Pilgrims choice. The firm said it had been investing in Africa, China, Germany, Saudi Arabia, Spain, the UK and the …
Rapunzel Naturkost, the German natural and organic foods firm, has announced that it is acquiring Zwergenwiese, a producer of organic vegetarian spreads, sauces and other products. Terms of the deal were not disclosed. Founded over 30 years ago and located in Legau (Bavaria), Germany, Zwergenwiese produces a range of over 100 organic vegetarian foods, including meat substitutes, dairy alternative cheese, savoury spreads, mustard, tomato sauces and fruit spreads. It employs …
Italian spirits company Gruppo Campari has announced the acquisition of Bulldog London Dry Gin, an independently owned brand, for $55 million (€50.9 million) plus working capital and assumed liabilities for $3.4 million. Campari has been distributing the premium gin since 2014 through its own distribution channels as part of a five-year agreement, with the option of acquisition of the brand in 2020. With the new deal the firm will take …
Tuatara Brewing Company, a New Zealand has been acquired by Heineken-owned DB Breweries. Tuatara will continue to product its beer at its current facilities and other beers. Tuatara brewing was established in the year of 2000 based in Paraparaumu, and grew from a small operation to one of the larges craft breweries in New Zealand. The company has spent the last two years focusing on innovation and increasing brewing capacity to break …
British consumer goods multinational, Reckitt Benckiser is said to be in advanced negotiation to take over US infant formula Mead Johnson in a $16.7 billion deal, according to a report in Reuters. Infant nutrition company Mead Johnson is known for its Enfamil brand and is considered to bethe world’s number two infant formula maker with a large presence in China, Latin America as well as the United States. The company also owns …
Advent International, a large global private equity investor, has announced that Sovos Brands, a new food and beverage company, has completed the acquisition of Michael Angelo’s Gourmet Food, a frozen Italian food firm. Michael Angelo’s Gourmet Foods, described as a family-owned and operated business with a passion for quality and talent for making authentic Italian prepared meals, is the first investment by Sovos Brands, which has the stated intention of looking to …
A number of leading firms in the global breakfast foods market are eying up British cereal maker Weetabix, according to a report in The Telegraph. Oriental FMCG giant Bright Foods bought a majority stake in Weetabix in 2012, but so far the UK’s second biggest cereal brand has failed to conquer the Chinese market, the report continues. The company has reportedly hired banking firm Goldman Sachs to advise it as …
Mondelez International, the global food giant, has announced that it has reached an agreement to sell most of its grocery brands in Australia and New Zealand to dairy firm Bega Cheese. The deal, which excludes the Philadelphia cream cheese business, is valued at A$460 million ($345 million). Included in the sale are brands such as Vegemite, ZoOsh, Bonox, as well as other products that use the Kraft brand under license, …
Spanish manufacturer Ebro Foods has announced that it is pushing further into the natural and organic space with the acquisition of the Italian food and drinks firm Vegetalia for €15 million ($16 million). Founded by Salvador Sala Druguet in 1986, Vegetalia is engaged in the preparation and distribution of a broad range of organic food products and is described by Ebro Foods as a pioneer in the manufacturing of vegetable protein. It …
Shiseido, the Japanese cosmetics giant, has announced the acquisition of MatchCo, a US-based firm that creates custom foundation shades based on the customer’s individual skin tone, through its regional headquarters and consolidated subsidiary Shiseido Americas. The firm said that the synergy of MatchCo’s innovative digital tools and its own R&D capabilities would help to enhance a business model that captures the major consumer trend of cosmetics customization. Founded in 2013, MatchCo lets customers scan …
German cheese maker Hochland has bought 100% of the shares in Franklin Foods and its sister companies, according to a press release. Franklin Foods, a US cream cheese producer described as one of the fastest growing cheese companies in the country, said it would maintain its operational independency as a subsidiary of Hochland SE. Franklin Foods’ strong manufacturing and sales platform in the US cream cheese market would complement Hochland’s …
Clover Industries, the South African food and dairy firm, has agreed to acquire 51% of the shares of olive oil producer Olive Pride, according to a report in Bizcommunity. Clover Industries is acquiring the stake from AECI Holding subsidiary Southern Canned Products (SCP), which will retain 49% of the business. According to reports, the transaction means Clover Industries will now be in charge merchandising, sales, marketing & distribution services for …
Eighteen94 Capital, the venture capital fund established last year by cereal and snack firm Kellogg, has unveiled its first major investment with the acquisition of a stake in US-based moringa firm Kuli Kuli for $4.25 million. Based in Oakland, CA Kuli Kuli produces moringa-based food and drinks that are promoted as “a good source of iron, calcium, vitamin A, and other nutrients”. Commenting on the move, Eighteen94 Capital managing director …
US spirit maker Beach Whiskey has bought American Harvest organic vodka from import firm Sidney Frank, according to a report in FoodBev. Financial details were not disclosed. American Harvest vodka is described as being handcrafted in small batches from American wheat and distilled with certified organic ingredients. It is further described as a smooth spirit with a crisp, clean & slightly sweet hint of real agave. Commenting on the move, …
Sodalis, a leading Italian player in the personal, beauty and home care space, has announced the acquisition of household and healthcare business BrandCare from Portuguese investment fund Explorer Investments. BrandCare is an Iberian company that was formed in December 2013 as the result of the acquisition of a number of assets from Colgate-Palmolive. In Spain, its principal products are Cristasol window cleaner, Xanpa household detergent and Tacto hand soap, while in …
Coty, the global beauty and personal care firm, has announced that it has entered into a partnership with Younique, a social selling platform for beauty products, that will see it take a 60% stake in the firm. Founded in 2012 in the USA, Younique is described as offering a range of makeup and skin care products that are sold through a peer-to-peer e-commerce platform, using a community of independent presenters to …
Valeant, a Canada-based multinational pharmaceutical company, is to sell the CeraVe, AcneFree and Ambi skincare brands to L’Oréal for $1.3 billion in cash. The CeraVe brand lineup includes cleansers and moisturisers for hand, face and body, as well as baby toiletries, and is based on ceramides, cholesterol and fatty esters delivered through a controlled-release system. The AcneFree range consists of lotions, wipes and other topical anti-acne products, while the Ambi line includes …
Gavea Investimentos, a Brazilian investment fund, has received approval from regulatory authorities to take a 49.9% stake in fruit juice firm Natural One, according to a Reuters report quoting a dispatch from the Diario Oficial da Uniao. It had previously been reported that major global firms including Coca-Cola, Ambev and Britvic were vying to buy into the natural tea and juice producer. As a result of the transaction, Natural One founder …
It has been announced that California-based fresh goat milk firm Jackson-Mitchell is to be acquired by Swiss dairy company Emmi, in a move that will further the latter’s interest in what describes as “an attractive market”. Jackson-Mitchell produces Meyenberg branded products, including what is claimed to be the only nationally distributed fluid goat milk in the USA, and generates annual sales of nearly $30 million. Commenting on the deal, Emmi …
Pharmaceutical and consumer products manufacturer Hypermarcas has announced the sale of its disposable hygiene products business that includes nappies for babies and sanitary products for adults. Ontex Group, an international manufacturer of personal hygiene products, has acquired the business for R$1 billion ($312 million), according to a report in Supermercado Moderno. The divested business includes nappy brands Pom Pom, Cremer and Sapeka, as well as the adult sanitary brand Bigfral, …
Glansaol, a newly-formed beauty and personal care company, has announced the acquisition of the cosmetic brands Laura Geller, Julep and Clark’s Botanicals for undisclosed amounts. The acquisition of Laura Geller is said to have already been completed while the other two deals are expected to close shortly. Laura Geller is known as a pioneer of the “baked” category of makeup as well as dual-purpose products intended to simplify and improve …
US snack producer J&J Snack Foods has announced that it is to acquire Hill & Valley Premium Bakery, a cakes and biscuits manufacturer based in Rock Island, IL. Terms of the deal were not disclosed. Founded in 1987 and with sales of over $45 million annually, Hill & Valley Premium Bakery is a manufacturer of pre-baked cakes, cookies, pies, muffins and other desserts, specialising in no sugar and no added …
Global soft drinks giant Britvic has decided to acquire Brazilian juice company Bela Ischia for £54.5 million ($66.9 million) in order to expand its presence in Latin America. The deal is set to conclude at the latest by the end of March of this year. Bela Ischia produces and sells RTD juices, frozen fruit, liquid concentrates and powder concentrates. Its products are principally available in the regions of Rio de …
US based Natural American Foods, a portfolio company of private equity firm Peak Rock Capital, has acquired Sweet Harvest Foods for an undisclosed amount, according to an article in Food Business News. Sweet Harvest Foods produces and distributes honey under the MEL-O brand as well as peanut butter under the PB Crave brand and syrup, honey and peanut butter products under its private label brand. Natural American Foods produces agave …
Groupe Duc, a French processor and marketer of chicken and turkey products, is to be acquired by Dutch poultry firm Plukon, according to a report in Ouest-France. Groupe Duc, which is France’s fourth largest poultry processor, has over 900 staff and operates a turkey facility in Riec-sur-Belon (Finistere), as well as chicken rearing and production sites in Gouaix, Chailley, Charolles, Crest, Montmeyran and Saint-Bauzely. The firm’s product lines include raw chicken …
US-based Craft Brew Alliance is to purchase 24.5% of Florida’s Wynwood Brewing for an undisclosed amount, with the deal expected to conclude by the first quarter of 2017, according to a report in Brewbound. It is reported that the deal will allow Wynwood Brewing to expand by utilising resources from the larger Craft Brew Alliance, while allowing the latter to tap into the Florida market. Craft Brew Alliance is considered …
FMCG giant Unilever has announced that it has signed an agreement to acquire haircare specialist Living Proof for an undisclosed sum. Describing Living Proof as an “innovative premium hair care business renowned for solving hair problems through the use of breakthrough science”, Unilever said that the firm would be added to its own Prestige portfolio, which includes brands such as Dermalogica, Kate Somerville, Murad and REN. Living Proof is described as having …
South African investment fund Public Investment Corporation (PIC) has agreed to purchase world leading brewer AB InBev’s entire indirect stake in alcoholic drinks firm Distell. The stake comprises 58,000,000 shares or 26.4% of the company, which would go to PIC for an undisclosed amount. The sale of the stake was a condition of regulatory approval in South Africa for AB InBev’s takeover of rival brewer SABMiller. Distell is a multinational …
SC Johnson, the US household and personal care firm, is to acquire insect repellent brand Exposis and assets under the Lysoform brand as it looks to strengthen its position in Brazil. Insect repellent brand Exposis is available exclusively over the counter in pharmacies throughout Brazil. It uses Picaridin as the active ingredient to repel mosquitoes and other insects. Meanwhile, certain assets under the Lysoform brand are also being acquired by SC …
Swedish retail and wholesale food business Axfood is to expand into the online shopping sector with the $59.6 million acquisition of Mat.se, Operated by Matse Holdings, Mat.se is an online supermarket offering bakery products, flowers, beverages, and other grocery items. The company also offers a food delivery service under its Cold Cargo brand as well as cooking and recipe sites under the Kokaihop and Spisa names. Axfood is a food …
Having received federal approval, global beer giant AB InBev has been given the green light to acquire Texas-based craft brewer Karbach Brewing for an undisclosed amount. The deal, being transacted through the firm’s craft and import division The High End, is expected to close early next year, according to a report in Brewbound. Karbach Brewing is described one of the USA’s fastest growing brands of craft beer, and there are …
Patties Foods, an Australian pie and pastry firm owned by Pacific Equity Partners, is to acquire New Zealand based convenience food manufacturer Food Partners, according to an article in the National Business Review. Food Partners, which trades as Leader Products, produces a range of frozen meat-based products for both retail and foodservice channels, including chicken and beef burgers and patties, finger food such as hotdogs, chicken goujons and meatballs, and “meal …
Vestey Holdings, a firm specialised in the sourcing, processing and distribution of chilled, ambient and frozen products, has acquired food manufacturer Cottage Delight via its subsidiary Fine Foods Group for an undisclosed amount. Cottage Delight started out as a fudge manufacturer and currently produces and sells around 700 different items including fudge, jams, chutneys, sauces and baked goods. The company is also established as a supplier to such retailers as …
Harvest Hill , a majority-owned portfolio company of Brynwood Partners, has agreed to acquire the Nutrament brand from Nestle, according to a report in Food Business News. Through the acquisition, the Harvest Hill portfolio is set to expand into the functional drinks space. The firm’s line up already includes fruit drinks under the brands Little Hug, Big Hug, Guzzler and Big Burst, as well as the cocktail and mixer brand Dailys, and …
Multinational food group Wessanen is set to acquire Biogran, described as the leading manufacturer and distributor of organic brands in Spain, from private-equity firm Nazca Capital for $67 million. The acquisition will aid Wessanen in expanding its reach and solidifying its hold over the organic food market around Europe, the firm said. Biogran produces food and dietary supplements under such brands as El Granero – the leading organic brand in …
US-based snack company NightFood is reporting that it has reached a definitive acquisition agreement for Hook Marketing and Fiber One branded ice cream producer and distributor Suffield Foods. Hook Marketing was granted a license by General Mills to produce Fiber One probiotic ice cream, launched in April, operating through its subsidiary Suffield Foods. NightFood produces snack bars such as Midnight Chocolate Crunch and Cookies & Dreams, and aims “to help …
US-based consumer goods firm B&G Foods is adding to its portfolio, having agreed to acquire Victoria Fine Foods for $70 million. Post acquisition, B&G projects that the Victoria brand, once integrated, will generate $41 million in sales. Brooklyn, USA based Victoria Foods offers pastas and speciality sauces, condiments and spreads under the Victoria brand. Victoria sauces are described as being slow kettle-cooked in small batches, using traditional cooking methods, to …
Canadian speciality foods firm Premium Brands has announced an expansion in bakery, pasta and deli foods with the acquisition of Island City Baking, Conte Foods and Larosa Fine Foods. Located in Richmond, BC, Canada, Island City Baking is a manufacturer of fresh and frozen artisan bread, including sandwich loaves, rolls, rye and sourdough loaves, ciabatta and baguettes, and rustic loaves. Conte Foods is a distributor of speciality food products, including goods …
Remy Cointreau, the French alcoholic drinks firm, has announced that it has agreed to acquire US whiskey manufacturer Westland Distillery. Terms of the deal were not disclosed. Based in Seattle, WA, Westland Distillery is described as producing whiskey with a distinctly American single malt style. The firm’s portfolio of single malts, including Westland Single Malt Whiskey, Westland Peated Single Malt Whiskey, Westland Sherry Wood Single Malt Whiskey and Westland Garryana …
Dutch brewer Bavaria has acquired US based Latis Imports, an importer of Belgian specialty craft beers, according to a report in Brewbound. Latis Imports, co-founded by David Van Wees, currently imports Boon, Palm, Rodenbach and Steenbrugge beers and is set to expand its portfolio to include Bavaria brands. Bavaria had previously purchased 60% of Palm Belgian Brewers earlier this year and plans to fully absorb the company by 2021. The …
Leading US poultry firm Pilgrim’s Pride has announced a definitive agreement to acquire GNP Company, a provider of branded chicken products in the Upper Midwest region of the USA, in an all cash, $350 million transaction. GNP Company has production facilities in Cold Spring and Luverne, MN, and Arcadia, WI, approximately 400 farm partners and more than 1,700 staffs. GNP Company’s products, including fresh chicken, meatballs and sasuage, are distributed …
Indian rice specialist LT Foods and Japanese rice-based snack firm Kameda Seika have announced the launch of joint venture to sell rice based snacks in India, according to the Economic Times. The new 51:49 joint venture is described as being backed by a $10 million investment and is designed help the companies enter a new category of snacks, as “consumers are looking for healthier snacking options and there are limited …
Italian food manufacturer Granarolo has expanded in the ‘free from’ space with the acquisition of bakery firm Pandea Dietetica and a 30% stake in cheese snack firm San Lucio. Operating in Parma since 1946, Pandea Dietitica registered turnover of €12.9 million ($13.7 million) in 2015, of which 66% was derived from conventional baked goods including crackers and breadsticks, and the remainder from specialty gluten-free products. San Lucio, meanwhile, owns the Groksi brand …
Beauty Elite, a firm active in the haircare and pet care sectors, has expanded its portfolio by acquiring Fuel Hair for an undisclosed amount. Fuel Hair was founded in 2014 and is described as producing salon-quality products for consumers to use at home. The company’s products range from liquids, powders and aerosols to tools such as cutting shears. Beauty Elite distributes niche beauty brands ranging from hair care to pet …
Campari, the Italian wine and spirits firm, has announced its exit from the Italian still wine business with an agreement for the sale of 100% of the share capital of Sella & Mosca and Teruzzi & Puthod to wine seller and distributor Terra Moretti. Based in Sardinia, Sella & Mosca is one of the largest wine estates in Europe with 550 hectares of vineyards, producing red wines such as Marchese di Villamarina, …
Meat and packaged foods firm Hormel has announced the sale of its Clougherty Packing business to Smithfield Foods, the world’s largest pork producer. Clougherty Packing is the parent company of Farmer John and Saag’s Specialty Meats, whose brand lines include products such as ham, bacon, sausages and lunch meat as well as raw cuts of meat. The deal, which was transacted for $145 million in cash, also includes Hormel’s PFFJ farm operations …
Soft drinks giant Dr Pepper Snapple has announced that it is purchasing Bai Brands, a company that manufactures low-calorie coffee-fruit drinks, for $1.7 billion. The Bai Brands product line includes enhanced water, carbonated flavoured water, coconut water and ready-to-drink teas. With its Bai, Bai Bubbles, Cocofusion and other innovative brands, Bai was positioned for expanding growth in key beverage segments, Dr Pepper Snapple said. Bai Brands provides a strong platform …
German meat firm Tonnies is looking to acquire its northern German rival Dollinghareico, according to a report in Agrarheute. Dollinghareico produces a range of meat products under the Dolling, Hareico and Landhof Lubz brands, specialising in meat and poultry salami as well as fresh and canned sausages. The firm is reported to have struggled over recent years with difficult market conditions and strong competition. In a letter to staff, former …
Brazilian company Grupo Petropolis, owner of the beer brand Itaipava, is among the firms to have declared an interest in acquiring the assets of alcoholic drinks firm Brasil Kirin, according to a report in Supermercado Moderno quoting O Estado de Sao Paulo. It is reported that Grupo Petropolis has organised visits to three of Brasil Kirin’s plants – Alagoinhas (Bahia), Itu (Sao Paulo) and Igrejinha (Rio Grande do Sul) – …
Accolade Wines, one of the world’s largest wine companies, is to acquire Fine Wine Partners (FWP) in Australia for an undisclosed sum. In a press release, Lion, the Australian alcoholic drinks, soft drinks and dairy firm that owns Fine Wine Partners, described it as “a quality fine wine business offering exposure to the attractive and growing premium wine segment in desirable viticultural regions”. “However, following a comprehensive strategic review it …
Thailand’s CP Foods has announced the acquisition of the US-based frozen food producer Bellisio for $1.075 billion. The transaction is expected to close in December 2016. Bellisio is the third largest manufacturer and distributor of single-serve frozen foods in the US and markets its products under brands such as Atkins, Boston Market, Chili’s, EatingWell and Michelina. Its product line of more than 400 items includes single and multi-serve entrees, snacks, …
International seasoning and food firm Ajinomoto has announced it will acquire Turkish food manufacturer Orgen, including the Bizim Mutfak brand, to strengthen and expand its business in Turkey. Ajinomoto is set to acquire all outstanding shares for 220 million TRY ($66.2 million) by March 2017, including the four main business sectors of stock, powder soup, cooking sauce and powder desserts, all of which come under the Bizim Mutfak brand. Orgen is …
Minerva, one of the principle meat manufacturers in South America, has announced the acquisition of Frisa Frigorifico, a leading Brazilian beef products company. Frisa Frigorifico operates abattoirs in Colatina (ES), Nanuque (MG) and Teixeira de Freitas (BA), as well as a distribution centre in Niteroi (RJ). The purchase represents an investment in the order of R$205 million ($59 million) for Minerva, which is looking to consolidate its position in South …
Estee Lauder, the-US based cosmetics firm, has announced that it is to buy make-up brand Too Faced in a deal worth approximately $1.45 billion. Launched in 1998, Too Faced is described as offering “an unabashedly empowering line of cosmetic products for the eyes, face and lips” and as being “beloved for its high-quality, innovative formulas, irreverent product names and distinctive packaging”. Estee Lauder notes that the firm, which is expected …
Greencore, the Irish manufacturer of own label and licensed food products, has announced the proposed acquisition of US frozen sandwich maker Peacock Foods for $747.5 million. Peacock Foods is a manufacturer within the retail food industry, specialising in ambient, chilled and frozen food products with multiple facilities around the US. Greencore also produces sandwich products for the US market, mainly distributing through cafes and convenience stores such as 7 Eleven …
Kraft Heinz, the US-based multinational is to sell its drinks, bread toppings and breakfast cereal facility in Utrecht to the investment fund Livia via its portfolio company Coflace Food. Livia said that the basic agreement would include a co-pack agreement for Coflace Food to manufacture goods for brand lines such as Rosvicee and Karan Cevitam drinks, De Ruijter and Venz chocolate sprinkles, as well as Brinta breakfast cereals on behalf of …
Italian cheese manufacturer Sabelli has acquired a stake of 79% in mozzarella maker Trevisanalat, according to reports in ESM and Repubblica. The majority stake was purchased from the Alto Parnters private equity fund for an undisclosed amount. Trevisanalat produces mozzarella in factories in Italy and Slovenia, marketing goods under brands such as Trevisanalat, Bianca Bella, Biancamore, Buonsapore, Campesina, Deiprai and ProntiBianchi Via. The company, which has annual turnover approaching €50 …
Investment firm Highlander Partners has announced the acquisition of sugar confectionery firm Hillside Candy for an undisclosed amount. Hillside manufactures and markets organic, sugar-free confectionery products under the GoOrganic, GoLightly, Pick Your Color and Hillside Sweets brands. The product line predominantly consists of hard sweets but also includes fruit chews under the GoOrganic name. Products are sold direct and through distributors to grocery and pharmacy chains, mass merchandisers, club stores, …
Atlanta, USA based food distributor Diaz Foods has announced its acquisition of the Frutel brand from Origin Foods. Frutel is a yoghurt drink blended with whey protein and is available in flavours such as strawberry, banana, peach and mango. It claims to offer a natural energy boost and markets itself as a healthy treat, containing 2.5g of fat and 23g of sugar. Commenting on the deal, Diaz Foods CFO Eric …
Gores Holdings, a special purpose acquisition company, has announced that it has completed its acquisition of bakery firm Hostess Brands for approximately $522 million in cash. The deal sees Gore Holdings take a majority stake in the company, with previous majority owners Apollo Global Management and C Dean Metropolous retaining a 42% minority interest. Hostess Brands, which produces cake and bread products under brands such as Honey Buns, Ding Dongs …
US food manufacturer Lancaster Colony has announced a new move to bolster its presence in bakery with the acquisition of Angelic Bakehouse. The Ohio-based company said that its wholly owned subsidiary T Marzetti had entered into a definitive agreement for the sprouted grain bread firm, which manufactures products such as bread, bread crisps, crusts, wraps, buns and rolls using a “proprietary sprouting process using seven whole grains (non-GMO) including red wheat …
Brynwood Partners, the investment group that owns the Juicy Juice brand, has announced that its majority-owned portfolio company Harvest Hill has acquired the beverage manufacturing assets of Faribault Foods, a producer of pulses, canned foods and snacks and part of the La Costena group. Faribault Foods’ beverage assets include a manufacturing plant in Elk River, MN, USA, which serves as the leading private label supplier and contract manufacturer of pouch products …
Hangzhou Wahaha, China’s largest beverage producer, has shown interest in a potential takeover of Dean Foods, the largest milk processor in the US, according to a Financial Times article quoting “four people familiar with the company’s plan”. The Chinese firm has reportedly approached a number of banks to seek financial backing for a possible move. Hangzhou Wahaha produces bottled water, milk and tea drinks and reported $7.4 billion in sales …
French spirits firm Remy-Cointreau has announced that it has entered into exclusive negotiations to acquire Domaine des Hautes Glaces, a distiller of single malt whiskies, with a view to acquiring its entire share capital. Created in 2009, Domaine des Hautes Glaces produces single malt whiskies from the Trieves Mountains, an area located in the French Alps at an altitude of 900m altitude. Certified organic, the firm’s whiskies are said to adhere to the …
Yili, China’s leading dairy company, has purchased a 37% stake in rival dairy firm Shengmu for $680 million, according to a report in Bloomberg. Shengmu, which specialises in organic milks and yoghurts, is the only Chinese dairy company to sell and produce organic milk which is certified European-standard, Bloomberg reports. It claims to have a 54.2% market share in China based on 2013 organic raw milk production volume. They are …
Gay Lea Foods, a Canadian dairy co-operative has decided to acquire fellow Canadian dairy firm Stirling Creamery for an undisclosed amount. In a press release, Gay Lea Foods stated that the purchase is aimed to build upon its existing butter operations in Ontario as well as create long-term growth for the Canadian dairy industry. Stirling Creamery is known for its range of flavoured butters encompassing Churn 84 and the Stirling …
PepsiCo, the global soft drinks and snacks firm, is showing interest in making a deal to acquire US probiotics drinks firm KeVita, according to a report in Reuters quoting “people familiar with the matter”. Any deal would reportedly be through PepsiCo’s Naked Emerging Brands venture, the objective of which is described as expanding the company’s soft drinks portfolio through developing brands positioned towards health-conscious consumers. A deal for KeVita would …
The Canadian wine business of US-based international beer, wine and spirits producer and distributor Constellation Brands is to be acquired by institutional investor Ontario Teachers’ Pension Plan for approximately C$1.03 billion ($782.5 million). Operating in the US, Canada, Mexico, New Zealand and Italy, Constellation Brands is described as the market leader in Canada with almost three times the market share of its second competitor and 7 of the top 20 …
Kirin, the Japanese brewery firm, has announced that it has bought a minority share of 24.5% in the US based Brooklyn Brewery as a first step towards a business partnership between both companies. Under the partnership, Kirin said it planned to further energize the craft beer market in Japan and Brazil while supporting the growth of the Brooklyn Brewery through technological and procurement assistance. Both companies plan to establish the …
Kellogg, the US-based cereal and snack firm, has announced that it has reached an agreement to acquire Ritmo Investimentos, the controlling shareholder of Brazilian company Parati Group, which manufactures biscuits, powdered beverage & pasta brands. According to the company, the acquisition is the company’s largest in Latin America to date and a step in the company’s strategy to become a global snacking powerhouse, expanding its presence in emerging markets. “With …
Remy Cointreau, the global wine and spirits firm, has joined forces with Dutch spirits business Bols to develop the Passoa brand internationally, the two companies have announced. The new joint venture will operate and further develop the global activities of the Passoa brand, Remy Cointreau and Bols said, with the former contributing the full Passoa activities, including distribution, manufacturing, trademarks and inventory, and Bols contributing both its know-how and expertise in the liqueur …
Premium Brands, a Canadian producer, marketer and distributor of branded food products, is acquiring Ontario-based meat firm Belmont Meats for C$49.2 million ($37.1 million) in cash and C$800,000 ($604,000) in common shares of Premium Brands, according to a report in Food Business News. Belmont, which reports annual sales of approximately C$120 million ($91 million), produces burger patties as well a variety of customized burgers for retail and foodservice customers across Canada, …
Japanese beverage giant Asahi is set to table a bid in the order of ¥500 billion ($4.87 billion) to acquire brewer SABMiller’s assets in eastern Europe, according to reports in Nikkei and Beverage Daily. The brands to be sold include Pilsner Urquell in Czech Republic, Tyskie and Lech in Poland, Dreher in Hungary, Topvar in Slovakia and Ursus in Romania. In April 2016, Asahi also agreed a deal to purchase …
Global confectionery giant Mars plans to buy out investment firm Berkshire Hathaway in order to obtain full control over the gum business Wrigley, the company has announced. Once the buyout has been completed, the new firm will be known as Mars Wrigley Confectionery and will hold chocolate brands such as Snickers, Galaxy and Maltesers as well as mint and gum brands Extra, Orbit and Doublemint. With full control of Wrigley, …
Dressing and seasonings giant Kewpie is to acquire Polish food maker Mosso Kwasniewscy, according to Japanese media reports. As a result of the acquisition, the firm will now be called Mosso Kewpie Poland, a name that is currently undergoing registration. Mosso Kwasniewscy is reportedly the fourth leading player in the mayonnaise industry in Poland, and also produces table sauces such as ketchup and mustard as well as preserved vegetables and oils. …
Jewellery company Origami Owl has decided to expand into the beauty sector by purchasing New York, US beauty firm Willagirl for an undisclosed amount, according to an article in Cosmetics Business. Willagirl focuses on non-harmful and natural skincare and beauty products, including cleansers, exfoliators, moisturisers, facial oils and suncare products, as well as face and eye cosmetics, that are claimed to be free from parabens and phthalates. The company was …
Rhodes Food Group, the South African food firm, intends to acquire 100% of instant food maker Pakco for shares valued at $14.6 million, according to a report in Business Day Live. Rhodes Food Group is a food manufacturing company with brands such as Bull Brand, Bisto, Magpie and Squish and is active in categories including canned meat, pies and fruit puree drinks. The acquisition of Pakco will reportedly give Rhodes …
UTZ , the US’s largest privately held snack food company, has announced that it has completed the acquisition of rival snack firm Golden Enterprises. Golden Enterprises produces and markets snack products such as crips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn snacks in the US, operating two manufacturing facilities – one in Birmingham, AL and the other in Ocala, FL. It also sells canned …
Canadian fruit juice company Jusu Juice Bar has announced the acquisition of Alberta-based Cru Juice. Cru Juice focuses on cold-pressed juice that combines raw ingredients with ‘superfoods’ including chia and chlorella. Blends include green apple, cucumber, celery, green kale, parsley, lemon and ginger with chlorella, and almonds, cashews, hemp seeds, medjool dates, maple syrup, vanilla bean and cinnamon with sea salt Jusu Bar was founded in British Columbia and produces …
Pernod Ricard, the global wine and spirits giant, has announced that it has sold its Fris vodka brand to US spirits firm Sazerac. Describing Fris as a standard vodka selling 250,000 9-litre cases in the USA each year, the French firm said that the divestment was “in line with the Pernod Ricard strategy to focus on its priority spirits and wines brands”. According to sources, Fris came into Pernod Ricard’s …
AB InBev’s takeover of SABMiller, worth in the order of $100 billion, is set to be concluded after the deal received approval from shareholders. With the acquisition of SABMiller, AB InBev will hold 46% of global beer profits and 27% of global volume, according to a Wall St Journal report, simultaneously diminishing the company’s dependency on the US and increasing its presence inover 17 African countries. To clear the way …
Two of Japan’s largest Coca-Cola bottling firms have agreed to merge next year to create a company with combined annual sales of $9.95 billion, according to a Nikkei report. Tokyo-based Coca-Cola East Japan and Fukuoka-based Coca-Cola West bottle and distribute the majority of Coca-Cola’s products in Japan. A combined company would have 90% of domestic market share for Coca-Cola products and would aim for greater efficiency and pricing power, Nikkei reports. …
Puig, the fashion and fragrance giant, has bought a minority stake in the Brazilian toiletries firm Granado, according to reports in Reuters and Cosmetics Business. The Spanish firm, which is behind the Jean Paul Gaultier and Carolina Herrera brands, is to acquire a 35% stake in Grupo Granado for around R$500 milllion ($155 million), according to sources quoted by Reuters. Puig itself did not disclose the terms of deal. Granado is …
Nature’s Path, a manufacturer of organic breakfast and snack foods, has acquired a majority stake in snacks firm Gorilly Goods, according to an article in Food Business News. The firm will reportedly acquire a stake of 51% in Gorilly Goods, which makes raw and organic snacks predominantly from nut, seed and vegetable ingredients. Nature’s Path said its involvement would provide the necessary capital for Gorilly Goods to increase its manufacturing scale, …
German brewer Krombacher has announced that it has completed the acquisition of Vitamalz, an alcohol-free malt beverage, with effect from 16th September. The deal sees Krombacher take full ownership of Vitamalz, a firm in which it had previously held a 47% stake. The Kreuztal-based beermaker said that it had been the sole licence holder of the Vitamalz brand since July, and that the purchase marked the next important step in …
US food manufacturer ConAgra Foods has announced the acquisition of the packaged Mexican food business from Frontera Foods and Red Fork that includes the Frontera, Red Fork and Salpica brands. Frontera is known as a Chicago-based company that produces “premium” Mexican food such as a tex-mex salsa line, sauces, snacks and meals under the Frontera and Salpica brands. Chicago-based Red Fork produces American-style cooking sauces. Frontera was established in 1996 …
Coca-Cola FEMSA, the biggest Coca-Cola bottler in the world by volume, is set to acquire the Brazilian bottling firm Vonpar, according to an article in Correio do Povo. Under the terms of the deal, Coca-Cola FEMSA will reportedly acquire 100% of the shares in the firm, which is one of the largest private Coca-Cola bottlers in Brazil, through its subsidiary Spal Industria Brasileira de Bebidas. Vonpar is a family business …
Indian-based company Wipro Consumer Care and Lighting has acquired 100% of Chinese FMCG company Zhongshan Ma Er for an undisclosed amount. Wipro focuses on products including soaps, toiletries, personal care & baby care and has a presence in countries such as India, Malaysia, Indonesia, Vietnam, China, as well as the Middle East. With this new acquisition, China will become Wipro’s third largest market behind India and Malaysia. The deal includes …
B&G Foods, the US foods manufacturer, has announced that it has entered into an agreement to acquire the spices and seasonings business of ACH for approximately $365 million in cash, subject to a post-closing inventory adjustment. The ACH spices and seasonings business includes the Spice Islands, Tone’s and Durkee brand, in addition to Weber brand sauces and seasonings, which are sold under licence. The acquisition also includes a manufacturing facility in Ankeny, IA, …
HyFun Foods, a venture launched by Indian potato and onion firm Asandas and Sons, has officially inaugurated a new potato processing facility at Ganeshpura, Mehsana, India, according to a report in FnB News. The result of an investment of around 75 crore INR ($11 million), the new plant is spread over 12 acres and will produce a wide range of potato products including french fries, burger patties, potato wedges and hash browns, …
Investment firm Boparan Holdings, the parent company of 2 Sisters Food Group, is to table a bid to acquire troubled UK turkey producer Bernard Matthews, according to a report in the Telegraph. The business, which has reportedly been loss-making in recent times, is said to have been up for sale for a number of months after present owners Rutland Partners, a private equity firm, struggled to revive the firm’s fortunes. …
FMCG giant Unilever is in discussions to buy ecological home and personal care firm Honest Co for around $1 billion, according to a report in the Wall St Journal quoting “people familiar with the matter”. Co-founded by actress Jessica Alba, Honest Co makes products such as disposable nappies, household cleaners and personal care and beauty products and has reportedly gained popularity with young mothers in particular. The company sells the …
Watt’s, the Chilean food firm, has announced that it is acquiring the Chile arm of dairy multinational Danone. The deal includes 100% of the shares in Danone Chile SA, as well as a production facility in the city of Chillan and the domestic milk and yoghurt brand Calan. The Chilean firm said it had also agreed the principles of a licensing agreement for the Danone, Danone Light and Activia brands …
World-leading brewer AB InBev is acquiring Belgian craft brewer Bosteels, according to a report in De Standaard. Operating since 1791, Bosteels brews beers under the brands of Tripel Karmeliet, Kwak en Deus and has been in the hands of the Bosteels family for seven generations. According to the newspaper report, the firm is among Belgium’s 10 largest brewers, having increased volume sales from around 100,000 hectolitres three years ago to 145,000 …
The Australian division of New Zealand dairy conglomerate Fonterra has announced that it is selling its Wagga Wagga business, the owner of the Riverina Fresh brand, to investment firm Blue River Group. Riverina Fresh is present in retail and foodservice channels, producing full cream, light and skimmed milk alongside cream, yoghurt and flavoured milk drinks. As well as local independents, Riverina Fresh milk is sold in Woolworths stores across the state …
Germany-based household and personal care firm Henkel has announced the closing of the acquisition of Sun Products on September 1st 2016. The initial agreement to purchase all shares was signed in late June for $3.6 billion including debt. The purchase of the US-based company includes brands such as All laundry detergent, stain removers and fabric softeners and Sun laundry and dish detergents, as well as fabric softener label Snuggle. Sun …
US-based snack manufacturer Snyder’s Lance has announced that the company’s Kettle Foods subsidiary has completed the acquisition of Metcalfe’s Skinny, a British producer of popcorn and rice cake products. Kettle Foods, which initially acquired a 26% stake in Metcafe’s Skinny last January prior to the acquisition of parent firm Diamond Foods by Snyder’s Lance, will now own the totality of the business. Commenting on the acquisition, Snyder’s-Lance president and Chief …
Zurich, Switzerland based Orior, specialised in fresh convenience foods and refined meat products, is acquiring the Belgian Culinor Food Group, a producer of ready-made meals and meal components with revenues of approximately €88 million ($98 million). The deal aims to create a platform that will allow Orior to better serve the European market. “This acquisition extends our leadership position in our core business of premium fresh convenience products beyond our …
US-based food and beverage manufacturer J&J Snack Foods has acquired Corazonas Heartbar Oatmeal Squares, a brand of heart healthy bars featuring plant sterols, from Heart Brand Foods. J&J Snack Foods Corp senior VP Gerard Law said: “Corazonas HEARTBAR will expand our assortment of niche products and is well positioned to follow the snacking trends that consumers have shown great interest in. It complements our portfolio very well, while also growing our …
Canada’s biggest convenience store company Couche-Tard has acquired rival chain CST Brands Inc. for $4.4 billion, according to a report in the Financial Post. The acquisition, which is the fourth secured by the Canadian company this year, represents the largest in its history and aims to strengthen the firm’s presence in Texas, USA and eastern Canada. Commenting on the acquisition, Couche-Tard CEO Brian Hannasch said: “With this transaction we would strategically strengthen our …
Premium Brands, a producer and distributor of specialty food products, has announced that its subsidiary Hemplers’ has entered into an agreement to acquire the business and certain assets of Fletcher’s Fine Foods. Fletcher’s US sells a variety of premium bacon and fresh sausage products with annual sales of approximately $17 million. “This transaction fits perfectly with our strategy of investing in companies with strong regional brands then providing their talented …
Swiss meat firm Bell is taking over based charcuterie specialist Cher-Mignon, the company has announced. With an annual sales of CHF 13 million ($13 million), Cher Mignon represents the third acquisition for the Swiss Bell Group in the last eight months, following the purchase of poultry firm Huber and salad specialist Eisberg. “The merger ensures the continuation of Cher-Mignon’s manufacturing activities. For Bell Switzerland, this is the ideal way to expand …
Philippine food and beverage manufacturer Universal Robina has expanded its business in Australia by acquiring Snack Brands Australia for $460.86 million. URC International Co Ltd, a subsidiary of Universal Robina, will purchase 100 % of the shares in the Australian company. Snack Brands Australia manufactures potato and corn snacks under brands such as e CC’s, Cheezels, French Fries and Kettles. The company produces 200 million packets per year with its …
Van Drie Group, a veal processor, has been given the green light by Dutch competition authorities to acquire soup manufacturer Struik, according to a report in Levensmiddelenkrant. Founded in 1950, Struik is a family business that manufactures a range of ambient soups and stocks sold in bottles, cans and tubs. It also markets the Sonnen Bassermann line of soups, stews and ready meals in Germany, as well as the Ye …
Tall Tree Foods, a consumer goods business established by private equity company Altamont Capital Partners, has announced the acquisition of meat firm the January Co for an undisclosed sum. Founded in 1948, the January Co produces Chinese-style sausage and BBQ pork products sold throughout the United States under the Kam Yen Jan and Yangtze brands. Altamont Capital Partners said that the business would bring an attractive portfolio of high quality products to Tall Tree Foods, …
Tenth and Blake, the craft and import division of MillerCoors, has announced the acquisition of the Texan beermaker Revolver Brewing. Described as one of the fastest-growing craft brewers in Texas, Revolver Brewing is known for its flagship Blood & Honey brand as well as a line-up of year-round, seasonal and limited release, specialty beers. Revolver is currently distributed in Dallas, Fort Worth, Waco, Austin and surrounding areas. Commenting on the …
Mark Anthony, the Canadian wine and spirits firm, has bought a stake in Irish start-up Glendalough Distillery for €5.5 million ($6.1 million), according to a report in the Irish Independent. Based in County Wicklow and promoted as “Ireland’s first craft distillery”, Glendalough Distillery produces a range of spirits including whiskey and poitin alongside “seasonal botanical” gins. The company now sells its products to more than 15 countries including the US, which generates …
Florette, the French salad vegetable firm, has acquired leading UK beetroot supplier Axgro Foods as it looks to expand its product portfolio. Axgro Foods produces cooked, pickled and flavoured beetroot products both under the Lincolnshire Beetroot Company brand and for private label. In its latest filed accounts, the firm posted a turnover of £13.7 million ($17.8 million) for the year to 31 August 2015. Commenting on the acquisition, Florette UK …
Walmart – the world’s largest grocery retailer – is looking to reinvigorate its online sales through the acquisition of e-commerce start-up Jet.com, according to a report in Tech Crunch. Quoting “a source with direct knowledge of the deal”, Tech Crunch reports that Walmart is set to pay up to $3 billion for the online retail specialist, which began operating last year. Based in the US, Jet.com offers a broad range of …
South African packaged goods company Pioneer Foods has bought UK’s Streamfoods for £7.5 million ($10.0 million), according to reports in Fin 24 and Business Day Live. Northamptonshire-based Streamfoods is owned by the Wellness Group of companies and manufactures a range of fruit snacks and bars, predominantly targeting children, under the Fruit Bowl brand. The acquisition will reportedly allow Pioneer foods to integrate the Fruit Bowl brand into their exisiting fruit …
Coca-Cola European Partners (CCEP), the division of the US soft drinks giant formed by the merger last year of three leading European bottlers, has announced that it is expanding its footprint with the acquisition of the Icelandic Coca-Cola bottler Vifilfell. Founded in 1942, Vifilfell is a leader in both the sparkling soft drinks and beer categories in Iceland, according to CCEP. The business services over 2,300 outlets domestically with a …
Bel, the French dairy multinational, has announced that it has entered into exclusive negotiations to acquire the MOM Group, a manufacturer of dairy and fruit snack products, from LBO France. Created at the end of 2006 with the merger of the Materne and Mont Blanc brands, MOM Group describes itself as the “undisputed market leader” in fruit compotes and creams desserts and employs more than 1,200 staff. The firm’s turnover in 2015 was €362 million …
L’Oreal, the French cosmetics giant, has announced the signing of a definitive agreement to acquire US firm IT Cosmetics for $1.2 billion in what is the firm’s largest acquisition in eight years. According to L’Oreal, IT Cosmetics is one of the fastest growing prestige beauty brands in the United States, offering more than 300 high-performance beauty products focusing on colour cosmetics, skincare, brushes and tools, and had net sales of …
P&G, the leading FMCG multinational, has confirmed the 43 health and beauty brands it is selling to cosmetics firm Coty, according to a report in Cosmetics Business. The sale will affect brands in professional hair care, retail hair care, fragrances and cosmetics. Some of the larger brands being divested are Nice N’ Easy hair colour, Hugo Boss, Gucci and Lacoste fragrances and Covergirl cosmetics. Among the brands excluded from the …
International convenience food producer Greencore has announced the acquisition of UK-based firm The Sandwich Factory for £15 million ($19.6 million) from meat and lunch foods producer Cranswick. The Sandwich Factory has a single facility based in Atherstone, Warwickshire and produces multiple varieties of food-to-go products for convenience stores and foodservice channels. The firm generated net revenue of £42 million ($55 million) in the financial year ending 31st March 2016. Greencore …
Global snacks and confectionery giant Mondelez International is seeking to acquire the licence to market biscuits under the Cadbury brand from UK based Burton’s Biscuits, according to a report in Sky News. The Birmingham-based business currently makes the Cadbury Fingers and Cadbury Animal brands, in a licensing deal dating back to 1986. The agreement remained in place despite the takeover of Cadbury by Mondelez International (then Kraft) in 2010. Sky News …
Yamazaki Baking, Japan’s largest bread and bakery firm, has announced the acquisition of bagel maker and distributor Bakewise Brands from Ancor Capital Partners and Merit Capital Partners. Based in New York, Bakewise Brands was established in 2010 as the corporate identity for Fleischer’s Bagels, which Ancor Capital Partners and Merit Capital Partners acquired in 2005, and Tom Cat Bakery, which they acquired in 2008. Commenting on the deail, Amcor managing …
Multinational consumer goods company Unilever has announced that it will acquire Dollar Shave Club, a manufacturer of male grooming products. According to Forbes, Unilever will pay $1 billion in cash for the US razor company, which offers direct-to-consumer monthly subscriptions of inexpensive razors, aiming to eliminate the overheads of bricks and mortar stores and pass the savings on consumers. Since becoming established, the company has expanded from razor blades to shaving …
The French biscuit firm Bouvard group has announced the acquisition of Belgian pastry manufacturer Pidy. Pidy, which turns over €40 million ($44 million) annually, specializes in the “ready to fill” niche market, offering both sweet and savoury product varieties. The company has production sites in Belgium, France and the USA, together with sales divisions organised into Benelux, France, United Kingdom, America and Export, supporting sales across more than fifty countries. …
Japan Tobacco, the world’s third largest tobacco firm by market share, has announced that it has signed an agreement with the Ethiopian government to acquire 40% of the total shares in National Tobacco Enterprise Ethiopia, which has a monopoly in Ethiopia, for $510 million. Japan Tobacco outbid a number of competitors in a tender process, including British American Tobacco, which is believed to have offer $230 million, according to an …
Personal care giant L’Oreal has announced that it is in exclusive talks to acquire the Thermes de Saint-Gervais-les-Bains brand of spa-style toiletries from fellow French firm Groupe Rivadis. L’Oreal said it had submitted a firm offer to Rivadis Group for the acquisition of the business as well as the licence to use the Saint-Gervais Mont-Blanc brand. According to L’Oreal, Saint-Gervais Mont-Blanc products are formulated with 100% Mont-Blanc thermal spring water and natural …
Raisio, the Finnish snacks, cereals, confectionery and dairy drinks firm, has announced that it it is selling its UK-based Halo Foods business – “the leading UK manufacturer of healthy snack bars”, according to the company webpage – to Dutch investment outfit Nimbus. Describing Nimbus as a “hands-on investor”, the Benecol brand owner said that key assets of Halo Foods, including its factories in Newport and Swindon and the Dormen brand, had been …
Viba Sweets, a German manufacturer of nougat products, is to acquire Bavarian confectionery firm Heilemann Confiserie, according to an article in the Mitteldeutscher Rundfunk. Heilemann Confiserie is a traditional manufacturer of boxed chocolates, filled and unfilled chocolate bars and ‘sticks’ and other chocolate gifts, and is based in the town of Woringen in southern Germany. Viba Sweets is the leader in the manufacture and sale of nougat bars in Germany, …
Suntory Beverage & Food, part of multinational food and beverage giant Suntory, has announced the acquisition of the beverage business of GSK Nigeria for about ¥7 billion ($69 million). The acquisition comes after Suntory acquired UK beverage brands Lucozade and Ribena from GSK in 2013 for $2.1 billion. However, even after this acquisition, licensing agreements meant that, in Nigeria, the brands continued to be manufactured and distributed by GSK. Commenting …
Danone, the France-based dairy and drinks multinational, has announced that it has agreed to buy US natural and health foods manufacturer White Wave Foods in a deal worth approximately $12.5 billion, including debt and certain other liabilities. White Wave Foods, which generated $4 billion in sales in 2015, has a large portfolio of brands across North America & Europe, with areas of focus including premium organic dairy, non-dairy yoghurt, fresh …
Treasury Wine Estates, the Australian-based wine group, has announced that it has divested 12 non-core brands within its US portfolio. The firm, which owns Wolf Blass and Blossom Hill, said that the brands were sold at approximately book value and represented around one million cases of non-core Commercial wine. The name of the buyer was not specified. In a statement to the Australian stock exchange, Treasury Wine Estates said: “Over the …
Cristal Union, the French sugar processor and owner of the Daddy brand, has announced that it has reached a deal to acquire Italian sugar and sweetener firm Eridania through its subsisdiary Cristal Co. Eridania, in which Cristal Union has held a 49% stake since March 2011, is Italy’s leading distributor of sugar and sweeteners. The firm markets a broad range of products under brands such as Tropical, Truvia, Zefiro and …
Wessanen, the Dutch health foods firm, has announced a deal to buy British gluten-free specialist Mrs Crimble’s, taking the group’s total number of acquisitions since December to four. Within the last eight months, Wessanen has also announced the acquisition of French tea and coffee firm IneoBio, the Dutch tea brand Piramide, and non-dairy drinks firm Abafoods. Established since 1979, Mrs Crimble’s is the UK’s brand leader in the gluten-free market, producing macaroons …
Danone, the French multinational, has announced that it has entered into exclusive negotiations to acquire a minority interest in food and drinks firm Michel et Augustin, alongside Artemis and Michel et Augustin’s founders. Launched in 2004, Michel et Augustin markets a range of biscuits, dairy products, fresh desserts and beverages. The firm’s sales in 2015 totalled around €40 million ($44 million), “a steep rise from 2014”, according to a Danone press release. The deal would …
Hershey, the US chocolate firm, has announced that it has rebuffed a takeover offer from global snack and confectionery firm Mondelez International. The Pennsylvania-based firm confirmed that it had received a preliminary, non-binding indication of interest from Mondelez to acquire the company for a mix of cash and stock consideration worth $107 a share of Hershey common stock, or $23 billion in total. “The Company’s Board of Directors, after receiving input from the Company’s …
US-based cereal and snack giant Kellogg has announced its plans to set up a new venture capital fund, called Eighteen94 Capital, which supports growth of food firms by funding $100 million in developing new businesses of new food, ingredients, packaging and technology. With an aim to make “minority investments in companies pursuing next-generation innovation, bolstering access to cutting-edge ideas and trends”, according to a press release, the company is looking …
Soft drinks firm Coca-Cola has announced an investment in aloe vera drinks company Aloe Gloe through its Venturing & Emerging Brands (VEB) unit. Aloe Gloe is a part of LA Libations, an emerging beverage incubator founded by Danny Stepper, Pat Bolden and Dino Sarti who first met while working as merchandisers for Coca-Cola Enterprises. Aloe Gloe produces a range of aloe vera drinks that are promoted as containing 300mg organic aloe vera, …
Teasdale Foods, a provider of private label and branded beans, hominy, peppers, sauces, corn and seasoning products that is majority owned by private equity firm Snow Phipps Group, has announced that it is acquiring Hispanic foods firm Mesa Foods. Founded in 1984, Mesa is an industry-leading producer of private label tortillas, flatbreads, taco shells, taco kits and chips, serving a multi-channel customer base across restaurants, grocery stores, national accounts, food service and private …
ConAgra Foods, the US food manufacturer, has announced the disposal of JM Swank, a national food ingredient sourcing and distribution company, after an agreement was reached with California-based private equity firm Platinum Equity to acquire the business. JM Swank is the latest divestment by ConAgra Foods as it seeks to focus on core brands. Late in 2015, the firm announced plans to sell its private-label business to Treehouse Foods for …
Nestle, the FMCG multinational, has announced that it is rearranging its confectionery business in Italy, including the sale of six of its brands to the Italian-based sweets firm Fida. The brands changing hands are Rosanna, Fondenti, Glacia, Fruttallegre, Lemoncella and Spicchi. The deal comes only three months after Nestle announced plans for a €60 million ($66 million) global expansion of another of its Italian confectionery brands, Baci Perugina. Commenting on …
Kashi, the health foods manufacturer that is part of the Kellogg group, is to acquire start up firm Pure Organic, a manufacturer of bars and other organic snack reports, according to a report in Just Food. Pure Organic produces a range of snack bars including Fruit & Nut Bars, Ancient Grains Bars, Fruit Sandwiches and Fruit & Veggie Strips. Founded in 2006, the company has as its mission to “make clean, …
US-based cosmetics firm Revlon has announced that it has signed a definitive agreement to acquire all of the outstanding shares of Elizabeth Arden for $14.00 per share in cash, representing an approximate enterprise value for Elizabeth Arden of $870 million. By bringing together two “highly complementary, iconic brand portfolios”, Revlon said it would benefit from greater scale, an expanded global footprint, and a significant presence across all major beauty channels and categories, …
Wawi, the German confectionery firm, has a acquired a controlling stake in fellow chocolate manufacturer MKM, which owns the Momami brand. From 1st July Wawi will have a 65% stake in MKM, acquiring shares both from founder Michael Kühlwein and the Peer Swan Group. MKM is specialised in a range of products that include bars, nut-based chocolates, drinking chocolate and chocolate gifts. It was founded in 2004 and employs up to 100 …
Popp Food Group, the German manufacturer of savoury spreads and salads, is set to acquire a majority stake in the Mediterranean foods specialist Kappa Antipasti, according to a report in Lebensmittel Praxis. Based in Butzbach, Hessen, Kappa is one of the largest German producers of antipasti products including stuffed aubergines, peppers and olives, as well as feta cheese, creams and spreads. The firm has been in existence for more than 20 years …
Borgesius, the Netherlands-based bakery firm specialising in ‘bake-it’ bread products for the retail and out-of-home sector, has acquired fellow Dutch bakery firm Bakkersland from private equity firm Parcom Capital, according to a report in Levensmiddelenkrant. Bakkersland supplies a varied assortment of fresh bakery products for the retail industry, including breads and rolls, specialty bakery goods including brioches, muffins, egg cakes, currant buns and apple pies, and patisserie products including small pastries, cream-filled …
Johnson & Johnson has announced the acquisition of Vogue International, an American manufacturer and distributor of hair care and personal care products, for $3.3 billion in cash. A deal for Vogue was first mooted at the end of May. The acquisition will add brands such as OGX shampoos, conditioners, treatments and styling products, the FX line of hair styling products, Proganix and Maui Moisture hair care lines. “Our acquisition of …
Investment firm Pacific Equity Partners has offered A$232million ($165 million) for 100% of the shares in Patties Foods, according to reports in AFN and ABC. Australia-based Patties Foods is the owner of a number of brands in the bakery industry, including Four ‘n’ Twenty Pies, Herbert Adams Pies, Snowy River, Pies Chefs, Patties and Nanna’s. According to sources, Patties revealed that Pacific Equity Partners (PEP) has approached the company with …
Unilever has announced the sale of its AdeS soy beverage business in Latin America to Coca-Cola FEMSA and The Coca Cola Company for $575 million. Commenting on the deal, Unilever EVP Miguel Kozuszok said: “This sale is a step in reshaping our portfolio in Latin America to deliver sustainable growth for Unilever and enables us to sharpen our focus. AdeS is an iconic brand and we believe that its potential can be …
Spirits company Milestone Brands has announced the acquisition of the American Born Moonshine brand from Tennessee-based Windy Hill Spirits. Patrick Dillingham and Sean Koffel founded Windy Hill Spirits in 2013 with the vision to create a moonshine honouring both the tradition and rebel spirit of American moonshiners and bootleggers, according to a coimpany statement., American Born Moonshine has since expanded its distribution to over 25 states and doubled its sales …
US soft drinks giant Coca-Cola has reached an agreement with Arca Continental for the Mexican bottler to join its distribution system in the USA. Announcing the move in a statement, the company said it would contribute its Southwest operating unit in order to hold a 20% stake in a new joint venture called AC Beverages, which includes Arca Continental’s existing operations in Mexico, Argentina, Ecuador and Peru. In the United …
Gay Lea Foods, a dairy co-operative based in Ontario, Canada, has revealed that it is to acquire Black River Cheese Company, effective from 1st June 2016, to strengthen its presence in the Canadian market of Canada. According to its website, Black River Cheese “remains dedicated to preserving more than a century old tradition of producing real cheese; superior tasting and handcrafted, using pure fluid cow milk from Prince Edward County …
Emmi, the Swiss dairy multinational, has announced the acquisition of artisan cheese company Cowgirl Creamery and the associated Tomales Bay Foods, based in Petaluma, California, USA. Cowgirl Creamery’s product portfolio of traditionally produced specialties includes soft, semi-hard and aged artisan cheeses. All products included in the range are organic, with the milk used for processing said to be sourced exclusively from Marin and Sonoma counties in Northern California. In 2015, Tomales …
Pernod Ricard has announced that its affiliate Irish Distillers has completed the sale of the Paddy Irish Whiskey brand to the US spirits firm Sazerac. The global wine and spirits company said that the deal, which was concluded for an undisclosed sum, was in line with its strategy to simplify its portfolio for growth and would also facilitate, among other things, targeted investment in other key Irish Distillers whiskey brands including Jameson and Powers. …
Leading FMCG multinationals Unilever, Henkel and L’Oreal are among the first-round bidders for US haircare firm Vogue International, according to sources quoted in a Reuters article. Founded in 1987 and headquartered in Clearwater, Florida, Vogue International sells and distributes hair care and other personal care products to to major retailers, primarily through the food, pharmacy and mass channels of distribution, both domestically throughout the US and globally in 38 countries. Vogue’s branded products include the …
Danish dairy cooperative Arla has announced that it is selling its Rynkeby Foods division to German juice firm Eckes-Granini. Rynkeby is the largest manufacturer of juice and cordials in the Nordic region, selling more than 130 million litres of beverages for consumers primarily in Denmark, Sweden and Finland under the brands Rynkeby and God Morgon. Arla had previously announced that it was putting Rynkeby Foods up for sale “to focus its future …
Hormel, the meat and packaged foods company, has announced the acquisition of nut butter firm Justin’s in a deal reported by the Denver Post to be worth $286 million. Established in Colorado in 2004, Justin’s markets four nut butter-based snack lines – namely spreads, squeeze packs, peanut butter cups and snack packs. Its nut butters are promoted as being “finely crafted with a one-of-a-kind grinding process to create an exceptional …
Dean Foods, a US-based producer of dairy and other food products, has announced that it has agreed to acquire the manufacturing and retail ice cream business Friendly’s Ice Cream for $155 million in cash. Founded in 1935, Friendly’s Ice Cream produces packaged ice cream and other frozen dessert products, including single-serve sundae cups, novelty items, cakes and rolls, distributing them in over 8,000 retail outlets. The firm’s net sales in 2015 were …
In its second major acquisition announcement of the year, Dutch health foods specialist Wessanen has revealed that it is set to take over IneoBio, a French firm that it describes as being an “expert in organic coffee and tea”. Ineobio is active in organic coffees, teas and herbal infusions and is the owner of Destination, the leading coffee and tea brand sold in French health food stores. It operates a manufacturing …
Ambev, the Brazilian beer and soft drinks firm, has officially announced the acquisition of Brazilian juice brand Do Bem, according to reports in Giro News and Globo. The official confirmation puts to an end a number of months of speculation about a possible deal, although no figures have been disclosed and it is currently unclear whether the transaction involves the entirety of the Do Bem business or just a controlling …
Mexican bakery firm Grupo Bimbo has reached an agreement to sell the bread brands of Panrico and other assets in Portugal, Spain and Andorra, including production units, to Iberian food group Adam Foods, according to a report in Jornal De Negocios. The move is a result of a change to Bimbo’s previous acquisition agreement in relation to the Panrico business, which had excluded bread products in order to avoid anti-trust …
McCormick, the US spice and seasonings gient, has announced the acquisition of Australia-based Botanical Food Group, which manufactures and sells the Gourmet Garden brand of packaged herbs, in a deal worth $114 million. Gourmet Garden sell a variety of fresh and lightly dried herbs in Australia, also exporting its product range to 15 countries with the US being its biggest international market. McCormick said Gourmet Garden’s “closer to fresh” products …
Poland-based confectionery firm Colian has acquired British chocolatier Elizabeth Shaw in a deal worth £2.3 million ($3.4 million), according to a report in Reuters. Elizabeth Shaw produces chocolate-based confectionery, including Famous Names chocolate liqueurs and Elizabeth Shaw after dinner mints. Commenting on the acquisition, Elizabeth Shaw managing director Karen Crawford said: “Colian has a wealth of experience in the confectionery market and ambitious growth plans. The acquisition of Elizabeth Shaw …
AB Inbev, the world’ s largest brewer, has acquired Italian craft beer maker Birra del Borgo for an undisclosed sum, according to reports in Real Beer and FoodBev. Birra del Borgo is one of Italy’s leading craft brewers and is based in Borgorose, 40 miles east of Rome. It produces a range of beers including pale ales, saisons and pilsners and has also released four seasonal beers as well as …
Swiss food multinational Nestle and UK-based ice cream maker R&R have formally announced that a joint venture agreement between the two companies has now been agreed. The new company, called Froneri, is expected to report sales of 2.7 billion CHF ($2.81 billion) and will employ around 15,000 people. Speculation about a deal between Nestle and R&R first emerged last October, when it was reported that the two firms were in …
Retail group Metro is to take a majority stake in ethical grocery retailer Emmas Enkel, according to an ESM article quoting Lebensmittel Zeitung. The Germany-based multinational wholesaler is said to be upping its stake in Emmas Enkel from 15% to 93%, having first invested in the Dusseldorf-based firm at the end 2014. Emmas Enkel operates both e-commerce and bricks and mortar stores, the latter located in major German cities such as Cologne, …
Conservas El Cidacos, a producer of canned vegetable products, is to acquire the Leon-based Seleccion de Productos Leoneses (Seprolesa), according to a report in Financial Food. Seprolesa’s business is primarily focused on the processing and sale of pulses such as chickpeas, lentils and kidney beans, and its product range includes both dried and cooked varieties in addition to canned ready meals. The acquisition will bring to six the company’s total production …
Jacobs Douwe Egberts (JDE), the ‘pure play’ coffee firm formed from the merger of DE Master Blenders and Mondelez International in 2014, has announced its intention to acquire the Brazilian coffee firm Cafe Seleto, according to reports in Giro News and Supermercado Moderno. The owner of the Cafe Pilao brand announced its plans on 15th April and said it expected the transaction to be completed in the first half of …
BRF, the Brazilian meat conglomerate, has announced that it has acquired the Argentinean firm Campo Austral, according to a report in Giro News. Campo Austral operates a chilled pork facility in San Andres de Giles, near Buenos Aires, processing the equivalent of 3,000 tonnes of fresh meat per month for both domestic and export markets. A second plant in the Parque Industrial Pilar produces a line of cold meats as …
Associated British Foods (ABF) has announced that it has reached an agreement with Illovo Sugar to acquire the 48.65% interest in Illovo that it does not already own, in a deal worth around 5.6 billion ZAR ($389 million). ABF, a diversified international food, ingredients and retail group owning brands such as Twinings, Ovaltine and Ryvita, acquired its majority shareholding in Illovo in 2006. Commenting on the acquisition, ABF said in …
Leading global brewer AB InBev, has announced the addition of a new craft beer brand with the acquisition of Virginia-based Devils Backbone. Established in 2008, Devils Backbone has an established portfolio of products which includes brands like Vienna Lager, Eight Point IPA and Schwartz Bier. Through this acquisition they will join AB-InBev’s High End business, which is a unit that focuses on craft and import beers. “Devils Backbone has captivated …
McCormick, the US spice and seasoning firm, has announced that it no longer intends making an offer to acquire the UK-based food manufacturer Premier Foods. Premier Foods had reportedly rebuffed three approaches from the American firm before announcing last week that it had entered “constructive” talks regarding a possible takeover. The latest offer put forward by McCormick was said to have amounted to 65 pence a share in cash, or a total …
North American food business Mondelez is to sell a number of its confectionery brands in Europe to France-based investment firm Eurazeo, according to French media reports. The sale includes more than 10 established brands including Poulain, Carambar, Krema, La Pie Qui Chante and Terry’s as well as the licence to Pastilles Vichy, Rochers Suchard and Malabar. Five production sites in France – in Blois, Marcq-en-Baroeul, Saint-Genest, Strasbourg and Vichy – …
Chinese investment conglomerate Fosun Group has announced that it has agreed to he acquisition of a 100% equity interest in Israeli cosmetics manufacturer Ahava Dead Sea Laboratories for 290 million ILS ($77 million). Fosun will wholly own Ahava, which makes skin care products from Dead Sea minerals and mud and markets facial care products including Dead Sea Osmoter Facial Serum, Facial Mud Exfoliator and Active Moisture Gel Cream. The business …
Cranswick, the UK manufacturer of fresh and coooked meats, pastry products and sandwiches, has announced that it has acquired East Anglia-based Crown Chicken, the UK’s sixth largest poultry producer. Crown is a leading integrated poultry producer that breeds, rears and processes fresh chicken and has annual sales of almost £84 million ($120 million). The deal includes the whole of the issued share capital of CCL Holdings and its 100% owned …
US wine firm Constellation Brands has announced that it has reached an agreement to acquire The Prisoner Wine Company from Huneeus Vintners. Constellation Brands described The Prisoner Wine as a fast-growing, super-luxury portfolio of five highly rated wine brands that had grown volumes at an annual rate of 30% over the last three years to reach 175,000 cases in 2015. The deal is said to be worth C$285 million ($219 …
Having previously rebuffed an approach by US firm McCormick, UK food manufacturer Premier Foods has announced that it is now in “constructive” talks with the spice and seasonings giant over a possible takeover deal. In an update posted on the firm’s website, Premier Foods said that it had arranged to meet its main institutional investors “to provide them with further insight into the business, including the value creation potential of the …
BRF, the leading Brazilian meat processing firm, has announced the acquisition of K&S Alimentos, the firm formerly responsible for the production and distribution of Philadelphia branded products in Brazil. In an official statement released on 18th March, BRF explained that the new deal would effectively bring to an end the previous arrangement for the production and distribution of the Philadelphia brand in Brazil: K& S having been a joint venture …
Pulmuone, South Korea’s leading tofu manufacturer, has announced that it will purchase substantially all of the assets of Vitasoy USA for $50 million. Pulmuone said that the deal, which includes America’s number one tofu brand Nasoya, would give it outright market leadership of the US tofu category as well as a consolidated operations foothold within the global tofu markets of South Korea, the US, Japan and China. According to the …
Japanese food manufacturer Nissin Food has acquired a 17.27% shareholding in British food manufacturer Premier Foods from an existing shareholder. Announcing the deal in a statement, Premier Foods, which own brands such as Mr Kipling and Bisto, said that the Japanese company “understands and supports Premier’s ambitions”. As part of the move, Nissin Food has the option to appoint a non-executive director to the Premier Foods board on the condition …
Finnish meat processor Atria is looking to enter the Swedish market with the acquisition of poultry group Lagerbergs. The acquisition of the firm, which is the third largest supplier of chicken to the Swedish market, is expected to boost Atria’s annual sales by $33.3 million. The move would mean a significant boost to Atria’s white meat processing business, with demand for Swedish-produced chicken in Sweden having increased “steadily” in recent …
Italian spirits firm Campari is to acquire the worldwide distribution of the French orange-flavour cognac liqueur Grand Marnier, according to a Bloomberg article quoting “a person familiar with the process”. Currently, global distribution of Grand Marnier is shared by a number of different firms, namely champagne distiller Moet Hennessy and British spirits firm Diageo, along with several independent wholesalers, Bloomberg reports. According to Bloomberg’s source, Grand Marnier had been working with …
Carrefour, the world’s second largest grocery retailer, is seeking to enter the Israeli market through an investment in the Victory supermarket chain, according to a report in Bloomberg. Talks about a potential investment, which were reportedly confirmed by the Israeli firm following media speculation, come as Victory itself is planning to submit a bid for Alon Blue Square’s troubled Mega Supermarket chain in order to strengthen its presence in the near …
Drinks manufacturer Natural Beverages has acquired ethical cola brand Ubuntu Cola for an undisclosed sum, according to an article in FoodBev. Natural Beverages has been distributing Ubuntu cola for the past five years through wholesale and foodservice channels, as well as some Waitrose stores across the UK and Europe. According to FoodBev, in 2007 Ubuntu was the first cola brand in the UK to be certified fairtrade. The Ubuntu brand …
In the latest of a series of divestments, leading FMCG multinational Procter & Gamble has announced the sale of its Hipoglos brand in Brazil to health & beauty firm Johnson & Johnson for an undisclosed sum. Hipoglos nappy cream has been present for over 70 years in Brazil and sells in a tube format of various sizes in regular and almond varieties. The brand was purchased by Procter & Gamble …
Dutch dairy firm FrieslandCampina has unveiled its intention to aquire a majority stake in Engro Foods, the leading Pakistani dairy firm, as it announced its latest financial results. The company said that the proposed acquisition formed part of its updated Route2020 programme, which sees strategy resources deployed to achieve sustainable long-term growth through existing and new product-market combinations. FrieslandCampina said that it would start investigating a possible acquisition of an interest …
US-based multinational Procter & Gamble (P&G) has announced plans to sell soap brand Escudo to rival Kimberley-Clark for an “undisclosed amount”. Launched more than 50 years ago, Escudo is the leading local antibacterial soap brand in Mexico. The brand’s product line includes bar soap, hand soap, odour-protection soap and more recent introductions such as a range of foaming hand soap. The sale of Escudo forms part of a programme of …
Lotte Chilsung Beverage Co, a unit of South Korean retail conglomerate Lotte Group, is expected to acquire a major share in a PepsiCo bottling company in Pakistan, the Maeil Business News reports. Quoting sources from Lotte Group and the investment banking industry, Maeil Business News said that the South Korean firm was reportedly looking to buy 51 to 52% of shares in Lahore PepsiCo, a PepsiCo bottling company located in …
Snyder’s-Lance, the US snack firm, has announced that it has completed the acquisition of Diamond Foods, acquiring all outstanding shares of the company in a cash and stock merger deal. This deal will create a powerful international snack foods company with a diversified portfolio, Snyder’s Lance said, and will add brands such as Kettle potato chips, Pop Secret popcorn, Emerald snack nuts & Diamond Of California culinary nuts to the …
Coca-Cola is contemplating the sale of its bottling operations in India, valued at $1 billion, as it moves to focus on brands, marketing and strategy in line with global policy, according to sources quoted by the Economic Times. “Coca-Cola plans to start talks with large industrial houses for the potential divestment”, an unnamed source is quoted by the newspaper as saying. “The deal could take 12-18 months to close”, the …
Wessanen, a Dutch health food producer, has agreed to buy the Piramide tea brand from the Organic Flavour Company. The deal is expected to close in March 2016. Piramide is a long established tea brand in the Netherlands with a range of herbal, black and green teas, claimed to be 100% organic and fair trade certified. Wessannen CEO Christophe Barnouin said: “The accretive acquisition of Piramide is a further step …
Sajo Group, a South Korean processed seafood manufacturer, has agreed to acquire a 85% stake in Korea Flour Mills, the holding company of DongA One Group, for 100 billion won ($82 million), according to a report in the Korea Times. DongA One Group produces a range of flour products for retail and foodservice channels, and is also active in the animal feed sector. A spokesman for Sajo said: “We expect …
Swiss meat firm Bell Group has announced that it is acquiring the Eisberg Group, a manufacturer of salad leaves for retail and foodservice channels, as it look to expand further into the fresh produce sector. Eisberg employs around 400 staff and generates annual revenues of more than 55 million CHF ($56 million). The company specialises in the production of fresh leaf salads and prepared salads and has production facilities in …
Godrej, one of India’s leading home and personal care companies, has announced plans to expand into new African markets with the acquisition of a majority stake in Kenya-based Canon Chemicals. Canon Chemicals manufactures and distributes products in the personal and home care categories. Its major brand is Valon, a petroleum jelly, although the company is also active in air fresheners, detergents and candles. In 2015, the annualised revenue of the business was 1,146 million …
Pharmaceutical and consumer products manufacturer Hypermarcas has announced the sale of its condoms division to the British household and personal care group Reckitt Benckiser for R$675 million ($173 million), according to a Reuters report. Hypermarcas’ condoms division is comprised by the brands Jontex, Olla and Lovetex which together in 2014 represented 2% of the company’s total net revenue. The brands will join Reckitt Benckiser’s existing portfolio that includes the condom …
French dairy giant Lactalis is aiming to close a deal to acquire the leading Romanian dairy player Albalact, according to a report in Romania Insider. Present in the Romanian dairy space for more than 40 years, Albalact produces milk and fresh dairy products in a facility in Oiejdea, and a range of cheese at a plant in Raraul. It owns Romania’s leading milk brand Zuzu and also holds the best-selling brand …
Dairy manufacturer Emmi has announced that it has acquired acquired a 60% stake in the Dutch firm Bettinehoeve in order to strengthen its position in the goat’s milk market. Bettinehoeve is currently the largest producer of fresh and ripened goat’s cheese in the Benelux countries with a sales revenue of about €40 million ($31 million) in 2015. The move follows other recent acquisitions by Emmi in the goat’s milk space …
Swiss FMCG multinational Nestle is to acquire the remaining shares in Israeli food manufacturer Osem in a deal worth about $840 million, according to a Reuters report. Osem is Israel’s third-largest food producer by sales, behind the Strauss Group and market leader Tnuva. The firm produces more than 2,000 different food items in 11 production sites, both for domestic consumption and for export, particularly to European countries and to the United States. The …
The French wine and spirits company Pernod Ricard has announced that it is acquiring a majority share in the dry gin brand Monkey 47 from German firm Black Distillers, subject to approval by the competition authorities. Promoted as “a genuine Black Forest dry gin”, Monkey 47 is decribed as “a batch distilled and handcrafted gin that fuses British traditions, the exoticism of India, and the purity and originality of the …
Ebro Foods, the Spanish food firm, has announced that it is acquiring French organics food firm Celnat for €25.5 million ($27.8 million). Celnat is predominantly a producer of cereal-based goods and has a product range that it includes flour, grains, breakfast cereals, pasta, rice crackers, dried fruit and supplements. The firm posted a turnover of €22 million ($24 million) in 2015, 20% of which was generated on foreign markets. Ebro said that …
Cremonini, the Italian food manufacturer and distributor and Europe’s leading beef producer, is acquiring the traditional meat brand Manzotin from Generale Conserve, according to reports in European Supermarket Magazine and the Gazzetta di Modena. Manzotin, Italy’s second biggest preserved meat brand with a market presence of more than 50 years, and was previously acquired by canned fish specialist Generale Conserve from Bolton Alimentari. Genoa-based Generale Conserve is Italy’s second largest …
Old Mutual, the UK-based private equity firm, has bought a minority stake in South African food maker In2Food for a price between 200 million and 600 million ZAR ($12 and $36 million), according to a report in Bloomberg. In2Food is a manufacturer of private-label products for grocery chains, founded in Johannesburg in 2007. The firm employs 4,000 people at production plants around South Africa, including one on the outskirts of …
Swiss dairy products manufacturer Emmi has announced that it has acquired the entirety of German organic milk processor Glaserne Molkerei for an undisclosed sum. Emmi initially entered into a partnership with Glaserne Molkerei in 2012, when it acquired 24% of the German company’s shares, a holding which increased to 76% in 2014. Founded in 2001, Glaserne Molkerei is an organic milk processor based in northeast Germany, offering a range of …
Irish dairy cooperative Ornua has announced that it acquired Ambrosia Dairy, a dairy producer based in Shanghai, China. The acquisition of Ambrosia represents Ornua’s first step into manufacture in China. Ambrosia produces dairy products such as sour cream, yogurt and speciality cheeses which are supplied to Shanghai’s retail and food service markets, and Ornua said that the acquisition would increase its access to those markets. Ornua’s purchase of Ambrosia also …
Dutch retailer Ahold and the Belgian retail chain Delhaize have announced their intention to combine into a single company with the filing of joint merger proposal on the 15th January 2016. The two companies originally announced their merger plans in June 2015, stating that their intention was that of “creating an international retailer with a portfolio of strong, trusted local brands and more than 375,000 associates serving more than 50 …
Private equity firm Brynwood Partners has announced that it has agreed the acquisition of Sunny Delight Beverages from JW Childs. Based in Cincinnati, OH, USA, Sunny Delight Beverages was formed by JW Childs in 2004 in order to acquire the Sunny Delight brand from Procter & Gamble. Sunny Delight became an independent national beverage company and now turns over more than $400 million in gross sales, operates four manufacturing facilities …
Brown-Forman, the owner of the Jack Daniel’s brand and one of the top 10 largest spirits companies in the world, has announced that it has reached an agreement to sell its Southern Comfort and Tuaca liqueur trademarks to Sazerac, a spirits firm with its origins in New Orleans, LA, for $543.5 million. In a statement, the company said the decision to sell the brands was a reflection of its “evolving portfolio …
UK-based pet care manufacturer Bob Martin has reached an agreement to acquire Nestle’s Purina PetCare unit in Europe, according to a report in Pet Gazette. The deal includes the acquisition of Nestle Purina´s PetCare’s manufacturing, distribution and salesforce in France, Italy and Spain and is set to enable Bob Martin to expand its presence in Europe. “With over 85 years’ experience, the Purina PetCare business offers significant expertise in pet …
Diamond Foods, the US nut and snacks company, has announced the purchase of a 26% stake in UK-based popcorn manufacturer Metcalfe’s Skinny, financing the acquisition through cash on-hand. Metcalfe’s Skinny, whose current management board will continue to operate independently of Diamond Foods, is known for its ready-to-eat popcorn portfolio and other ‘better-for-you snacks’, primarily in the UK. In relation to the deal, Kettle Chips UK managing director Ashley Hicks said: …
Fruit and vegetable firm Greenyard Foods has announced that it has agreed to acquire all the outstanding shares of Lutece, a market leader in canned mushrooms, from C4C. Lutece has two production facilities in the south of the Netherlands, in Velden and Horst, and approximately 190 employees. It is estimated that total sales for 2015 will amount to about €100 million ($109 million). According to Greenyard Foods, the deal is …
Leading Japanese beverage maker Asahi Group Holdings is planning to make an offer to buy European beer brands Grolsch and Peroni, according to reports in Yomiuri and the Japan News. In November, it was reported that AB InBev was giving consideration to a disposal of Peroni and Grolsch in order to head off possible competition concerns over its takeover of SABMiller. A deal between Asahi and AB InBev for the …
American organic goods manufacturer Hain Celestial has announced that it has acquired UK-based fruit products maker Orchard House Foods. Orchard House Foods is a leader in prepared fruit, juices, fruit desserts and ingredients with facilities in Corby and Gateshead in the UK. Founded in 1985, the firm supplies retailers, on-the-go food outlets, food service providers and manufacturers Commenting on the acquisition, Hain Celestial president and chief executive Irwin Simon said: …
General Mills has announced that it has bought the meat snack company Epic Provisions for an undisclosed sum. Epic Provisions is an animal protein snacks company co-founded in 2013 by Taylor Collins and Katie Forrest, who will remain in the company after the acquisition. The company’s original Epic meat, fruit, and nut bars, available in varieties such as Bison Bacon Cranberry, Beef Habanero Cherry, Chicken Sesame BBQ and Pulled Pork …
AB-InBev, the world’s leading brewer, has signed a deal for the acquisition of Breckenridge Brewery, according to a report in Fortune. The acquisition is AB-InBev’s latest investment in the craft beer segment in a matter of days, with the company having secured the purchase of UK-based Camdem Town Brewery and Arizona’s Four Peaks Brewing within the space of a week. Breckenridge Brewery is one of the largest of AB-InBev’s craft …
Bell Group, the Switzerland-based manufacturer of meat products, has announced that it is acquiring the Austrian poultry processor Huber Group. Huber Group is the Austrian leader in the poultry market and also encompasses Hubers Landhendl from Pfaffsttt, Austria, the turkey specialist Suddeutsche Truthahn, and a hatchery and a logistics company in Austria. The firm employs a total of 900 staff and generates annual revenues of more than €300 million ($326 …
Norwegian firm Orkla has announced that it is acquiring Czech food manufacturer Hame for €175 million (£129 million). In a statement, Orkla said that joining forces with Hame would allow it to double its turnover in Central Europe. In the Czech Republic and Slovakia, Hame holds leading positions in pates, ready meals, ketchup, preserved vegetables, jams and baby food. Its brands include Hame, Majka, Znojmia, and Otma. “The categories offered by …
US spirits manufacturer Beam Suntory has announced that it has bought a 50% equity stake in South African alcoholic drinks distributor ABV Brands. ABV Brands has been the appointed distributor in South Africa for Beam Suntory (previously Beam Global) since its foundation in 2010, during which time ABV Brands has grown sales of Beam Suntory’s brands by more than 260%, Beam Suntory said in a statement. The transaction announced represents …
American multinational General Mills has announced that it has acquired Brazilian dairy manufacturer Carolina for an undisclosed sum. Carolina operates in southern and south-eastern Brazil and is known for the regional brands Carolina, VeryGurt and Gluck. It started producing yoghurt in 1995 under the Gluck brand and now markets more than 20 lines of dairy products. The acquisition of Carolina marks the entry of General Mills, which owns the Yoplait …
Campari, the global alcoholic drinks firm, has announced that it has agreed to sell Casoni Fabbricazione Liquori, an Italian company wholly owned by Fratelli Averna. Casoni became part of Campari following the acquisition of Fratelli Averna in 2014. The firm, which specializes in private label alcoholic beverages and co-packaging activities, will be sold to a pool of local entrepreneurs for €5.3 million ($5.8 million), with the deal including production plants …
Thai Union, the world’s largest shelf-stable tuna processor, has announced that it has entered into an agreement to acquire a majority stake in the German firm Rugen Fisch. Based in north-east Germany, Rugen Fisch supplies ambient and chilled fish including herring, mackerel and salmon across Germany under key brands such as Rugen Fisch, Hawesta, Ostsee Fisch and Lysell, and also has a significant private label business. The company currently generates revenue in …
Hostess Brands, the company behind the Twinkies brand, is negotiating the acquisition of Canadian manufacturer Give and Go, according to a report in Fortune quoting “people familiar with the matter”. Give and Go, which possesses brands such as Two-Bite miniature baked treats and Kimberly’s Bakeshoppe cupcakes and also manufactures private label products, was acquired by OMERS Private Equity firm Kilmer Capital Partners in 2007. Last September, Reuters reported that OMERS had been …
Bakery company Lotus Bakeries has acquired British snack maker Urban Fresh Food, the producer of the Bear brand, in a deal reported to be worth £70 million ($104 million). The deal marks the Belgian firm’s second acquisition of a British food firm in 2015, with the company having bought Natural Balance Foods in August. Bear, Urban Fresh Food’s flagship brand, offers a range of fruit snacks including in the baby …
Bakery and baking aids manufacturer Real Good Food has bought ISO2 Nutrition from the administrators of Cre-8tive Health Ltd for a nominal amount, according to an article in New Food Magazine. ISO2 Nutrition, one of the main suppliers within the British sports supplements market, has a portfolio of bodybuilding supplements, whey protein and sports nutrition products, which will be added into Real Good Food’s Garrett Ingredients unit. Real Good Food’s executive chairman …
Coca-Cola is entering the dairy sector in Brazil with the acquisition of Verde Campo, a producer of yoghurts, cheese and drinks based in the state of Minas Gerais. According to a report in Veja Abril, Coca Cola will be acquiring Verde Campo through Leao Alimentos, a partner of Coca-Cola and its bottlers in Brazil. Verde Campo is said to have significant operations in Rio De Janeiro, Sao Paulo and Belo …
Tiger Brands, a South African consumer goods firm with a broad brand portfolio, is reported to be selling its struggling Nigerian venture to Dangote Industries as a result of nearly $120 million in write-downs. According to Fast Moving, Tiger Brands bought two-thirds of a stake in Dangote Flour Mills for almost $200 million from Aliko Dangote, however growing competition and currency devaluations saw the venture run into trouble. The Daily …
PepsiCo, the leading food and drinks firm, has announced that it is leaving the US yoghurt category by ending a joint venture it had established through its Quaker brand. In a statement, PepsiCo said that it would be abandoning the joint venture established with the Theo Muller Group, which led to the creation of a co-branded yoghurt under the Müller Quaker in 2012. The firm commented: “After determining that the …
Israeli flavour and fragrance company Frutarom has announced that it has signed an agreement to acquire 100% of the shares of Austrian flavouring company Sagema and German company Wiberg for an approximate total of $130.4 million. The purchases, said to be Frutarom’s largest to date, follows a total of 12 acquisitions over the course of 2015. Wiberg is a flavouring firm within the savoury solutions sector that includes flavour extracts, …
Dutch frozen snack company Izico, backed by private equity fund Egeria, has announced the acquisition of Danish frozen food company Daloon AS, and its UK subsidiary, Daloon Foods. Daloon’s core business lies in Asian ethnic snacks, such as spring rolls and meat-free products which are sold across Europe. Meanwhile Izico supplies frozen snacks, including meat rolls, hamburgers, mini snacks, spring rolls and bread-based snacks. In relation to the deal, which …
Confectionery and bakery firm Arcor, through its subsidiary Bagley Argentina, has invested $60 million for a 25% stake in Mastellone Hermanos, the firm behind dairy company La Serenisima. La Serenisima branded products include milk, butter, caramel, yoghurt and yoghurt drinks and cheese. According to an article in La Voz, the transaction will enable Mastellone to invest in its production facilities in General Rodriguez, Trenque Lauquen and Villa Mercedes, and also …
Coffee firm Keurig Green Mountain, the firm behind the Keurig Hot and Keurig KOLD beverage systems, has accepted a bid of $13.9 billion for the business from private German fund JAB Holding. The deal established the payment of $92 per share, in an agreement that represents a premium of approximately 77.9% over Keurig Green Mountain’s closing stock price on 4th December 2015, according to a company statement. Company president Brian …
Singha, one of Thailand’s leading food and beverage firms, has announced that it has entered a joint venture with Japanese rice cracker maker Sanko to expand into the snack market. According to a report in the Bangkok Post, the move forms part of Singha’s plan to become one of the top five food and drinks firms in South East Asia by 2020 and aims to boost the popularity of rice …
Multinational FMCG firm Unilever has announced that it has sold the Motions, Just for Me, Consort, Groom & Clean brands, and African rights to the TCB brand, to the specialized multi-cultural hair care manufacturer, Strength of Nature. Georgia, USA based Strength of Nature markets a number of brands including Profectiv MegaGrowth, African Pride, Dream Kids, Beautiful Textures, Elasta QP, Soft & Beautiful, Soft & Beautiful Botanicals, Proline and TCB, the …
It has been announced that Atlantic Natural Foods (ANF) has entered into a letter of intent to acquire the assets of Neat Food, with both companies expecting the acquisition to be finalised by the end of 2015. According to a press release, ANF is looking to extend its portfolio with “shelf-stable protein-based alternatives” by adding the Neat Foods range of “meat-alternative, 100% vegetarian/vegan, non-GMO, and gluten free” products. ANF CEO …
High Ridge Brands, a personal care firm owned by private equity group Brynwood Partners, has announced that it is to sell the global assets and rights to seven of its personal care brands to The Village Company. The Village Company will add the Soft & Dri, La Bella, Dep, Pure & Natural, Mink Difference, Adorn, and The Dry Look brands to its portfolio, joining existing brands including Mr. Bubble and …
US food manufacturer ConAgra Foods has announced plans to split its business into two independent public companies. According to the firm, the spin-off company Lamb Weston will contain the foodservice portfolio of frozen potato, appetizer and other vegetable products, whilst Conagra Brands, Inc. (Conagra Brands) will comprise the diverse consumer brands portfolio. Sean Connolly, president and chief executive officer of ConAgra Foods said: “The decision to separate into two pure-play …
Leading brewer AB InBev is giving consideration to a disposal of Peroni and Grolsch in order to head off possible competition concerns over its takeover of SABMiller, according to a report in the Financial Times. Quoting sources close to the matter, the Financial Times said that plans were not finalised but that any such sale could potentially raise billions of pounds. Heineken, Molson Coors and C&C Group are listed as …
Reuters is reporting that US grocery firm Supervalu is considering an outright sale of its discount Save-A-Lot chain, as opposed to the spin-off mooted in July. Quoting “people familiar with the matter”, the Reuters report noted that Supervalu had received some interest from private equity firms and that it would consider offers for Save-A-Lot once it had registered its intention to spin off the division in 2016. The value of …
Pinnacle Foods, a producer, marketer and distributor of food products and owner of the Bird’s Eye brand in the US, has announced that it has agreed to acquire Boulder Brands in a deal valued at approximately $975 million, including around $265 million of net debt. Describing the move as a “strategic, synergy-rich transaction”, Pinnacle said that the acquisition “expands Pinnacle’s presence in the natural and organic retail channel and provides Pinnacle with …
Leading alcoholic drinks firm Costellation Brands is looking to expand in the fast-growing craft beer market by announcing it will buy Ballast Point Brewing & Spirits for $1 billion. Ballast Point is a San Diego based company with 500 employees producing more than 40 different types of beer, led by its Sculpin IPA and Grapefruit Sculpin IPA brands, in addition to various labels of spirits. The partnership with Ballast Point …
Labatt Breweries of Canada is acquiring a range of RTD, cider and spirit brands in a $350 million deal with the Mark Anthony Group. According to a report in Food In Canada, the deal will give Labatt ownership of brands such as Mike’s Hard Lemonade, Palm Bay and Okanagan Cider along with Turning Point Brewery in British Columbia, where the Stanley Park range is made. Labatt president Jan Craps commented: …
North American packaged food firm ConAgra Foods has confirmed that it is to dispose of its Ralcorp private label operations, having entered into a definitive agreement to sell the unit to TreeHouse Foods. The deal is worth approximately $2.7 billion in cash, excluding transaction-related expenses. Under the terms of the agreement, ConAgra Foods said it would divest the vast majority of its private label operations, including a network of 32 manufacturing facilities in the US, Canada and Italy. The …
Global spirits firm Diageo has announced that it has agreed the sale of its wine interests in Argentina to Grupo Penaflor. The sale includes the Navarro Correas and San Telmo wine brands, together with production sites and vineyards. Grupo Penaflor is the largest wine producer in Argentina and one of the 10 largest globally, with a brand portolio that includes Finca Las Moras and Trapiche. In addition to the purchase, Diageo said Penaflor …
Rotkappchen, the German sparkling wine specialist, is acquiring Italian aperitif brand Sprizzero De Martin, according to a report in the Thuringer Allgemeine. Sprizzero De Martin aperitifs are described as being made from “Italian wines, selected aromatic herbs, and natural – as well as secret – ingredients from the Dolomites Alps”. The Sprizzero De Martin range comes in an original version as well as varieties flavoured with pink grapefruit, elderflower and violets. The …
In line with a stated strategy “to focus its future investments on its core business of dairy production”, Danish milk producer Arla has announced its decision to sell its juice subsidiary Rynkeby Foods. Rynkeby Foods is the last remaining company in the group not producing milk based products. According to a company press release, the decision was taken after four months’ strategic analysis. The company will “now initiate a sales …
Rhodes Food, a South African manufacturer of longlife meat, vegetable and fruit products, fruit drinks and fresh foods, has announced it will acquire the business assets of Alibaba Food Holdings (Alibaba) for 42,000,000 ZAR ($3 million). Alibaba, based in Athlone, Cape Town, manufactures a range of halal food products including samosas, pies and rooties. Its products are sold to major South African food retailers, forecourt bakery outlets and independent traders. …
Beer firm Tsingtao has announced that it will acquire its remaining stake in its Suntory joint venture, according to a report in the Want China Times. In a statement to the Hong Kong Stock Exchange, the company said that it woul buy a 50% stake in both the beer manufacturing and sales companies in its joint venture with the Japanese beverage conglomerate for 822.9 million CNY ($129.5 million) in the …
Breakfast cereal manufacturer Kellogg is in “late stage talks” with Diamond Foods over a potential acquisition of the company, according to a report in the New York Post. The newspaper quoted sources as saying that the value of the deal would be more than $1.5 billion, equivalent to $35 to $40 per share. The deal would see Kellogg move further away from its traditional territory of breakfast cereals and more …
Japan Tobacco has bolstered its presence in the Iranian tobacco industry through the acquisition of a local cigarette manufacturer, according to a report in the Financial Times. Through its Iranian subsidiary JTI Pars, the company is said to have purchased tobacco firm Arian Tobacco Industry (ATI) for an undisclosed sum. Japan Tobacco currently produces cigarette products – including brands such as Winston, Magna and Monte Carlo – at a JTI …
Australian wine giant Treasury Wine Estates has announced that it is to acquire the majority of assets from Diageo’s wine operations in the UK and the USA in a cash deal worth $600 million. As a result of the acquistion, the company behind brands such as Penfolds, Rosemount Estate and Wolf Blass will now also add Blossom Hill – the UK’s second-biggest wine brand by value and volume in FY 2015 – …
Long-standing food and beverage rivals PepsiCo and Coca-Cola are tussling over a stake in yoghurt-maker Chobani, according to a source quoted by Reuters. According to the agency’s source, PepsiCo and Coca-Cola are among the companies in discussion to seal a deal that Chobani hopes could value the company at around $3 billion, the source reports. The Greek style yoghurt maker is exploring the sale of a minority stake, including warrants …
Global food firm Mars has announced that it has reached an agreement to acquire Mexican chocolate manufacturer Grupo Turin. A family business operating since 1928, Grupo Turin is the owner of well known brands such as Conejos and Turin. The agreement will provide more opportunities of growth for Turin’s team and brands, whilst remaining a family business, Mars added. Jean-Christophe Flatin, global president of Mars said: “When this transaction is completed, …
AB InBev has sealed the acquisition of rival SABMiller after submitting an improved deal for the firm, according to a report in Fin24. The £68 billion ($105 billion) price makes it one of the highest-valued of all time in the consumer goods space. Following two weeks of negotiation, AB Inbev ultimately offered £44 ($68) per share in cash for a majority of the shares – 46% above SABMiller’s closing value …
Japan Tobacco has announced that it is to buy $5 billion of cigarette assets from rival tobacco firm Reynolds American to acquire the Natural American Spirit business outside the US. The company said that the deal included the trademarks and all outstanding shares of Reynolds American’s subsidiaries outside the US which sell the brand. Japan Tobacco added that the Natural American Spirit brand had “provided a unique product offering and …
Heineken, the world’s third biggest brewer by volume, has announced that it has entered into a partnership with global spirits firm Diageo to realign its ownership interests in a number of emerging markets. The deal sees Heineken take control of Desnoes & Geddes by acquiring Diageo’s 57.9% shareholding and also gives the firm full ownership of GAPL. Desnoes & Geddes is engaged in the brewing, bottling and distribution of beers, stouts and spirits in …
BRF, one of the world’s seven largest food companies, has announced that it has started the process of acquiring the meat and margarine brands Vienissima, GoodMark, Manty and Delicia from leading Argentinian firm Molinos Rio de la Plata. The deal aims to “develop the businesses, consolidate production capacity and amplify [BRF’s] portfolio of brands and products”, the company said in a statement. BRF has invested more than $300 million in …
Mondelez International is contemplating a divestment of its cheese and grocery business in Europe, according to a Reuters report quoting “people familiar with the matter”. The value of the two business could be up to $3 billion, according to the Reuters story. Mondelez International separated its cheese and grocery divisions into a single standalone business in 2014, the same year that it merged its coffee business with that of D.E. …
Japanese beer company Asahi has furthered its interest in the craft beer sector with the acquisition of 100% of the Australian brewer Mountain Goat. Launched in 1997 by Cam Hines and David Bonighton, Mountain Goat produces low-volume beers at a facility in Richmond, Melbourne, while bottled and canned beers are brewed at a larger plant in Laverton, Western Australia. “We’ve been contract partners with Asahi for three years now, and …
Breakfast food maker Kellogg has announced that it has acquired Mass Food Group, Egypt’s leading cereal company, for approximately $50 million. Founded in 1996, Mass Food Group has revenues of $18 million and makes local brands such as Temmy’s cereals and NutriFit cereal bars. Mass Food Group also exports foods to more than 30 markets, including Europe, East Asia and Africa. “As the number one cereal company in Egypt, Mass …
The Xtreme brand of hair gel has been acquired by the German personal and household care firm Henkel, according to a report in Revista Neo. The brand was previosly owned by Wet Line, a Mexican manufacturer of perfume, cosmetics and toiletries. The transaction includes the brand along with products formulas and packaging. “We are making efforts to position ourselves as a leader in the styling segment globally, as hair products …
Saudi food manufacturer Halwani Brothers has announced plans to acquire El Rashidi El Mizan, a Qalaa Holdings subsidiary and market-leading confectioner in the halawa and tahina segments. The deal will reportedly be financed partly from the company’s own funds and partly through an Islamic financing facility. No further financial details about the offer have been disclosed. Qalaa Holdings announced in February that it was planning to divest its key food …
Japan’s second-largest meat processor Itoham and the number seven player Yonekyu have agreed to a new combined management structure through the setting up of a joint holding company in April 2016. The two merging companies anticipate synergy effects from the integration, with Itoham having an advantage in production of beef and pork as well as packaged retail foods, while Yonekyu focuses more on business sales, specialising in pork and chicken …
Dutch brewer Heineken is aiming to step up its presence in the US craft beer market with the purchase of a 50% stake in California’s Lagunitas beer brand. Lagunitas, claimed to be the fifth top selling craft beer in the US, is planning to expand globally by forming the joint venture with Heineken. The company said it would still operate independently in the USA. In a statement, Lagunitas asserted that …
CEFC, China’s sixth largest private company, is to acquire a 79.4% stake in the Czech brewery Pivovary Lobkowicz in a deal valued at 1.9 billion CZK ($78.46 million), according to a report in the Prague Post. The shares are being acquired through Lapasan, a newly-formed company in which CEFC has a 70% stake “Pivovary Lobkowicz represents the traditional production of quality Czech beer”, said Zdenek Radil, Pivovary Lobkowicz CEO. “The …
Colombina, the Colombian food multinational, has announced the acquisition of Spanish confectionery firm Fiesta for €16.88 million ($19.27 million). Established for over 50 years, Fiesta produces sweets and other confectionery products under brands such as Kojak, Piruleta, Fresquito and Lolipop. It operates a production facility in Alcala de Henares which employs around 124 staff. Through the acquisition of a leading firm with an excellent distribution network, Colombina will be able to …
The Coca-Cola bottlers Arca Continental of Mexico and Corporacion Lindley of Peru have announced an alliance that will create one of the world’s largest Coca-Cola bottling firms. The new entity will have revenues of approximately $5.4 billion and EBITDA of $1.1 billion. Currently, Mexican firm FEMSA is the largest private Coca-Cola bottler with revenues of nearly $10 billion in 2014. Manuel L Barragan Morales, chairman of the board of directors …
AB InBev has confirmed in a statement that it has approached rival beermaker SABMiller regarding a possible combination of the two companies. The mooted deal, valued at approximately $250 billion, would bring together a host of globally important brands, such as Stella Artois, Budweiser, Corona (owned by AB InBev) and Grolsch, Peroni and Fosters (owned by SABMiller). AB InBev is the world’s largest brewery company, and SABMiller the second largest. …
MillerCoors, through its craft and import division Tenth and Blake, has announced that it has entered into an agreement to acquire a majority interest in Californian craft brewer Saint Archer Brewing. Founded in San Diego in 2013, Saint Archer brews an array of ales including Blonde Ale, IPA, White Ale and Pale Ale. The company expects to sell 35,000 barrels of beer in 2015, up more than 100% over 2014. …
Heartland, a global leader in the production of liquid beverage enhancers as well as zero calorie sweetener products for the retail market, has announced that it has reached an agreement to acquire the Splenda sweetener brand from McNeil Nutritionals, a subsidiary of Johnson & Johnson. The value of the transaction was not disclosed. “We are very excited about our opportunity to own the Splenda® brand business and welcome a talented …
Carozzi, the Chile-based food, non-alcoholic drinks and pet care multinational, has announced the acquisition of 100% of the shares in Alimentos Pancho Villa, a company in the flour and corn tortilla segments that manufactures wraps, burritos, corn chips, sauces and seasonings. The transaction is said to have closed at 7,643,000 CLP ($11.1 million), corresponding to a total of 19,999 shares. According to a company announcement, the purchase “will enable Carozzi …
Seasonings firm Ajinomoto has announced that it sold its stake in Nissin-Ajinomoto Alimentos, a Brazilian joint venture established between itself and fellow Japanese firm Nissin, to Nissin Foods Holdings. The sale of the 50% stake, which is reportedly valued at R$1 billion ($270 million), is set to be concluded by the 30th October 2015. According to sources, the move means Nissin-Ajinomoto will now become the wholly-owned subsidiary of Nissin Holdings. …
B&G Foods, a snack company which sells across the United States, Canada and Puerto Rico, is reportedly just one step away from acquiring the Green Giant frozen and canned vegetable business from General Mills. According to sources quoted by Reuters, B&G is in late stage discussions but General Mills could yet turn to other interested parties should negotiations fall through. Bonduelle, Cerberus and Platinum Equity are all said to have …
Retail giant Carrefour has revealed that it is in exclusive negotiations with Altarea Cogedim, owner of Rue du Commerce, for the purchase of the e-commerce retailer. Rue du Commerce has a diverse product range, predominantly in technology and DIY products, but also has a broad offering in the beauty and fragrance space, including brands such as Calvin Klein, Azzaro, Paco Rabanne, Kerastase, Gloss!!, Markwins, and L’Oreal. In a press release, …
McCormick, the US spices and seasonings specialist, has announced that it has completed the purchase of 100% of the shares of One World Foods, which sells the Stubb’s barbecue sauce range. According to McCormick, Stubb’s is the leading premium barbecue sauce brand in the US, while the product portfolio also includes marinades, rubs and cooking sauces. Annual sales of the business are projected to be $30 million in 2015 and are expected …
Hershey Brasil, the Brazilian arm of the US confectionery company, and Bauducco, a Brazilian firm manufacturing biscuits, panettones and other bakery products, are to cease their joint venture in Brazil, according to a report in Globo. Having been given the green light by the Brazilian competition authority CADE, the Bauducco group company Pandurata will sell 49% of its shares in Hershey Brasil to Hershey Netherlands, another Hershey subsidiary. The joint …
Flowers Foods, one of the largest producers of fresh packaged bakery foods in the United States, has announced that is has agreed to acquire Dave’s Killer Bread from its existing shareholders, including members of the Dahl family and Goode Partners, for approximately $275 million in cash. “We are very excited about the pending acquisition of Dave’s Killer Bread”, said Allen L Shiver, Flowers Foods president and chief executive officer. “This …
Nomad Foods, the recently-established firm seeking to build a global consumer brands business through acquisitions, has beefed up its frozen food interests with the purchase of the Findus business in Europe from LionGem of Sweden. Nomad Foods completed its “anchor investment” – the acquisition of leading frozen foods business Iglo – in June 2015, stating that “we intend to continue supporting Iglo’s organic growth initiatives as well as pursue strategic acquisitions …
After a negotiation that is said to have lasted nearly 9 months, Brazilian bakery firm Wickbold has acquired rival Seven Boys for an undisclosed sum. With revenue of approximately R$200 million ($57 million), Seven Boys is said to be the fourth-largest bakery firm in Brazil, operating plants in Porto Alegre (Rio Grande do Sul) and Belo Horizonte (Minas Gerais) as well as owning nine distribution companies that enable the company …
China’s second largest food company Bright Food is set to buy Spanish distributor Miquel Alimentacio after taking a 72% percent stake in the business. The deal is set to proceed subject to approval by the Chinese authorities and an EU anti-monopoly review. Under the terms of the deal, the remaining 28% of the Spanish firm will be held by the national sovereign fund China Investment Corp, which teamed up with …
Polish food & beverage company Maspex Wadowice has signed a deal to acquire the Romanian bottled water firm Rio Bucovina, according to a report in Business Review. The acquisition of the bottled water manufacturer represents the third acquisition in Romania for Maspex Wadowice in recent years, demonstrating the company’s interest in the country which, according to company representatives, is the firm’s second most important market after Poland. “We haven’t been …
The dairy producer WhiteWave Food has agreed to purchase Wallaby, a manufacturer of organic dairy yoghurt , for approximately $125 million. The deal, subject to regulatory approval, is expected to be completed in the third quarter of the year. The acquisition of the California-based Wallaby will provide WhiteWave with a larger portfolio of yoghurt and kefir beverages as well as a West-Coast based facilities and growth opportunities, according to a …
Toronto-based company SunOpta has purchased Niagara Natural, which grows and manufactures non-GMO and organic fruit snacks, for approximately $6.7 million. The based in Ontario company, Niagara Natural, has around 35 employees and is expected to generate approximately CAD 10 million (USD 7.7 million) in revenue in 2015. With the acquisition SunOpta is extending its business in fruit snacks and will have manufacturing operation in both the East and West of …
Three European bottlers of Coca Cola have agreed to merge to create Coca Cola European Partners (CCEP), a new entity which will generate over $12 billion per year across 13 European countries. The new bottling company, which will be based in London, combines Coca Cola Iberian Partners (CCIP), Coca Cola Enterprises and Coca Cola Erfischungsgetranke AG, making the world’s largest bottler of Coca Cola products, serving more than 300 million …
Snack manufacturer The Jerky Group has signed a merger deal with Cruga, a producer of meat snack, which is said will create the biggest manufacturer of beef snacks in Europe. The two merged companies, which have already worked together for the past for 10 years, will now operate as the Meatsnacks Group with an 80% share of the European beef snack market and supplying all the UK’s major grocery chains. …
Grupo Exito, the leading Colombian supermarket that also has a presence in Uruguay, has announced the acquisition of the Argentinean chain of hypermarkets Libertad. In the same transaction, the group also acquired 50% of the voting shares of the Brazilian chain GPA (Grupo Pao de Acucar), equivalent to 18.8% of total capital of the firm. The value of the transaction is said to be in the order of $ 1.826 …
UK crisp manufacturer Tyrrells Crisps has acquired the Melbourne, Australia-based Yalla Valley, a producer of natural, organic and gluten free snacks. The company has the backing of Investcorp, an investment company. The acquisition aims to speed up Tyrrells’ expansion in the Australian market a year after the launch of the firm’s hand-cooked crisps range. “This acquisition demonstrates that we are serious about international expansion for the Tyrrells brand. Our hand-cooked …
Diageo has announced it will sell its 42.25% stake in DHN Drinks, a joint venture which owns the licenses for the combined beer, RTD and cider portfolio of Heineken, Diageo and Namibia Breweries Limited (NBL). With this transaction Heineken will increase its stake from 42.25% to 75% and NBL will increase its stake from 15.5% to 25% in DHN Drinks. NBL will also acquire the 25% stake that Diageo owns in …
German sparkling wine company Rotkappchen has entered the rum category by acquiring the brands Asmussen Rum, Balle Rum and Boddel Rum. The company, founded in 1856 by three partners Moritz & Julius Kloss & Carl Foester, has acquired the brands through its subsidiary Nordbrand, a spirits business, from the company Drinks & Food GmbH. Drinks & Food, based in the German town of Zahna, is a manufacturer and supplier of national …
Swiss cooperative Migros is entering the race for stores in the German Kaiser’s-Tengelmann supermarket chain, which have recently been put up for sale. Migros is already present in Germany through the supermarket chain Tegut and is now seeking to purchase 130 Kaiser’s-Tengelmann stores to expand its reach in the country. Speaking to the Swiss magazine Blick, Jörg Blunschi, Migros managing director, said the purchase of the stores in Bavaria would …
Mexico-based bakery firm Grupo Bimbo has announced the acquisition of Italian Home Bakery, the company’s third Canadian acquisition in just over a year. In a conference call, the company’s CEO Daniel Servitje said that the deal had been finalised but did not disclose the amount of the transaction. Toronto-based Italian Home Bakery produces fresh European-style breads and rolls and frozen bread products and its products are sold in foodservice chains …
Hain Celestial, a natural and organic food and healthcare company, has announced the acquisition of Mona Group for an undisclosed amount. “This acquisition increases the scale of our plant-based operations to over $100m net sales in Europe in a growing category of branded and private label products, while providing us with additional manufacturing capacity”, Hain Celestial president and CEO Irwin D. Simon said. Mona offers a wide range of organic …
French dairy firm Danone is planning to sell the Dumex infant formula brand to Yashili International Holdings and use the proceeds to increase its stake in Mengniu, Yashili’s indirect parent, according to reports in Bloomberg and the Financial Times. The move comes as demand for locally-produced baby food has dipped in China, Bloomberg notes. The company said it would now increase its 9.9 % stake in Mengniu by no more …
Japanese drinks giant Suntory has announced that it has agreed the sale of its cognac unit Louis Royer to Terroirs Distillers. The value of the deal is in the order of 13 billion yen ($105 million). Terroirs is a France-based, privately owned spirits company that owns The Tullibardine and Highland Queen Scotch whisky brands. It is reported that the sale was part of a review of the company’s product portfolio …
Italian coffee firm Lavazza has entered into an agreement to acquire the Carte Noire coffee brand from Douwe Egberts, according to media reports. The deal, said to be valued in the region of €800 million (£550 million), follows European commission concerns stemming from the merger of the DE Master Blenders and Mondelez International coffee businesses that created the “pure-play” company known as Jacobs Douwe Egberts. Announcing the move in a statement, …
French firm Bonduelle, which produces canned and processed vegetable goods, is seeking to acquire General Mills’ Green Giant arm, according to a report in Reuters quoting “people familiar with the matter”. The company is said to be teaming up with the private equity division of investment bank Centerview to form a consortium to fund the acquisition but reportedly would be likely to face competition from other companies for the brand. …
Cloetta, a confectionery maker active in the Netherlands, Italy and the Nordics and with presence in more than 50 countries, has signed an agreement to acquire 100% of the Dutch firm Locawo (Lonka) for SEK 295 million ($34 million). Lonka primarily produces and sells fudge, nougat and chocolate products. Approximately 50% of sales are branded and 50% are pick & mix sales and contract manufacturing. Lonka was established in the …
In the past two days General Mills has announced plans to close a further two facilities in the US as part of its programme of cost reduction. In Joplin, Missouri, the company said it would shut its manufacturing facility on Junge Boulevard, which manufactures snack products and has been operated by General Mills since 2014, by the end of the year. A facility on Stephens Boulevard in the same location, however, is …
Ambev, Brazil’s largest alcoholic drinks company, has announced the acquisition of the craft brewer Colorado for an undisclosed sum. Based in Ribeirao Preto in the state of Sao Paulo, Colorado is described as having an annual turnover of R$18 million ($6 million) and yearly production of 120,000 litres. The move is reportedly part of AmBev’s strategy of buying premium brands amid stagnant sales volumes in South America’s biggest beer market. …
Bimbo Group has announced that it has reached a definitive agreement to acquire Panrico, the Spain-based bakery business, for €190 million ($209 million). The acquisition includes brands such as Donuts, Donettes, Bollycao, La Bella Easo, Eidetesa and Qe!, but excludes the packaged bread business, the company said. Panrico had annual sales of approximately €280 million ($308 million) in 2014 and is one of the leading bakery producers in Spain and …
Golden County Food, a developer of product solutions for the frozen appetizer and snack category, as well as being the world’s largest supplier of frozen filled potato skins, has been acquired by Monogram Appetizers, a manufacturer of company-owned and licensed brands, co-packed and private label value-added processed meats. “This was a great day for Golden County Foods, its employees, creditors, customers and the Village of Plover, Wisconsin”, said Dave Wiggins, …
Spanish food firm Ebro Foods is acquiring the French fresh food specialist Roland Monterrat in a deal valued at €44.25 million ($48.75 million). Roland Monterrat is the leading player in the ‘pate en croute’ sector and also has a major presence in the sandwich and ‘croque-monsieur’ segment. In 2014 it posted turnover of €64 million ($71 million). “Through the incorporation of Monterrat, we will achieve further synergies with our French …
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