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 …
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The latest innovation insight from Gama Compass MANCHESTER – 31st January 2023: This month’s Innovation Insight spotlights a new launch aiming to ally the distinct virtues of chilled and dried soup through a novel ‘ice cube’ format – Soupologie Souper Cubes. An extension to Soupologie’s health-focused line of ready-made, vegetable-forward soups in the UK, Soupologie Souper Cubes are a novel retail format that seeks to combine the convenience and dosing advantages of …
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 …
Toujust, a new French grocery retailer, is planning to make its debut in the first quarter of this year, promising prices that are up to 10% lower than its direct competitors. The chain, whose name is a play on the expression “tout juste” (“just right”), will be 25% owned by its suppliers, with whom the company intends to work directly to eliminate the costs associated with intermediaries. The model is …
UK based supermarket retailer Sainsbury’s has signed a partnership agreement with takeaway food app Just Eat for rapid grocery deliveries. According to an article in Retail Gazette, the partnership will allow Sainsbury’s customers to benefit from 30-minute deliveries. In a first phase, the service will be available in London, Edinburgh and Bristol, launching in 175 stores by the end of February 2023, although Sainsbury’s plans to extend the service to …
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 …
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 …
Russian retailer Magnit is reportedly planning to open a new discount supermarket chain, according to an article on the Kommersant newspaper. Sources close to the retailer reported that the retailer plans to develop a new chain of discounters, a concept that started being planned in 2022, it is expected to be approved in Q1 2023 and afterwards the first stores will open. The discount supermarkets have been trending in the …
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 …
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 …
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 …
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 …
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 …
British supermarket chain Asda has announced plans to open 300 Asda Express convenience store and create 10,000 new jobs by the end of 2026. The strategy behind the development of a convenience store network is to become the UK’s second largest supermarket. Each Asda Express store will stock with 3,000 products to cover customer’s needs, including fresh ambient and chilled groceries, as well as products from Asda’s premium Extra Special …
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 …
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 …
Denmark-based meat processor Danish Crown has announced the investment in a new bacon factory in Rochdale, Greater Manchester, UK. According to the company’s statement, the aim of the new factory is to offer UK customers high quality, traceable pork products that are manufactured in a more sustainable way and to supply bacon to the UK market. The firm will invest over £100 million ($119 million) in the new 30,500 sq. …
Japanese drinks giant Asahi Beverages has announced that the company is going to cease operations in its Dark Star brewery in Partridge Green, Sussex, on the 31st of December 2022 due to current economic challenges. According to sources, the company said that the facility is operating significantly below capacity, which is not sustainable. Asahi said in statement: “This is not a step we have taken lightly, however, there are significant …
Multination tobacco manufacturer Philip Morris International (PMI) has announced the launch of Bonds by Iqos, its latest heat-not-burn tobacco system to be used with specially designed tobacco sticks, Blends. The product offers an alternative to consumers who want to “replace cigarettes with innovative, science-based, smoke-free alternatives”. “Providing a range of alternatives to continued smoking—with a variety of taste, technology, usage, and price options—is imperative and helps us to address a …
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 …
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 …
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 …
British supermarket chain Morrisons has announced the closure of 132 McColl’s convenience stores so that the retailer can make a profit in the medium term. According to an article in European Supermarket Magazine, the retailer plans to close most stores this year, leaving 55 stores with a post office to close in 2023. The McColl’s chain was acquired out of administration last May, but the deal was only cleared last …
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 …
Asda, one of Britain’s leading retailers, has announced the launch of convenience stores under the banner Asda Express. According to the company’s press release, the first store is scheduled to open on the 8th November 2022 in Sutton Coldfield, and a second store is expected to open the following month on the 6th December in Tottenham Hale, London. Both stores are said to create 37 new jobs. In an effort …
Remy Cointreau, the leading French spirits firm, has announced the launch of a ‘luxurious’ perfume house called Maison Psyche. According to a company press release, Maison Psyche was created as a collaboration between Baptiste Loiseau, cellar master of Maison Remy Martin, and Sophie Labbé, principal perfumer at Firmenich. Baptiste Loiseau and Sophie Labbé said: “Maison Psyche was born from our shared love for the terroirs and age-old expertise, both in Cognac …
FMCG giant Nestle has announced that it is investing €100 million ($98 million) in a coffee plant in Girona, Spain. According to sources, the investment will be made over the next three years with the goal of increasing the factory’s medium to long-term competitiveness. Nestle plans to install state-of-the-art technology that, combined with automation and digital technology, will improve sustainability and logistics, as well as boosting the manufacture of single-dose …
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 …
Spanish retailer Mercadona has made an investment of €60 million ($58.5 million) in its logistics platform in Riba-Roja del Turia, Valencia. According to an article in Revista Inforetail, the resources will be used to optimise and modernise its warehouse for fresh produce in the logistics centre. With the investment, improvements will be made in the centre’s processes, facilities and working conditions The warehouse will see an increase in production capacity from 23,000 …
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 …
Irish Distillers, a subsidiary of the French drinks conglomerate Pernod Ricard, has announced plans to build a €250 million ($247.7 million) whiskey distillery in Midleton, Ireland, according to a FoodBev report The new distillery will be located in a 55-acre area that is connected to the company’s existing Midleton Distillery, and will produce whiskeys for the Jameson, Powers, Redbreast, Midleton Very Rare, the Spot family and Method and Madness. Nodjame Fouad, …
Austrian retailer Billa, a subsidiary of the Rewe Group, has announced the opening of a store with a plant-based concept called Billa Pflanzilla. According to sources, the new concept was launched in response to research that revealed that 46% of Austrians have recently reduced consumption of animal products and that 28% of 18 and 19 year olds don’t eat meat. Marcel Haraszti, CEO of REWE International AG, said: “We are already very …
Polish branch of supermarket chain Netto has announced this week that it is moving its headquarters to Harmony Office Center II in Warsaw. According to sources, the retailer will take 2000 sq. metres within the complex which has a favourable position due to its proximity to Warsaw city centre and very good public transport access as well as a metro station that is only 900 metres away. The move has, …
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 …
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 …
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 …
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 …
Alcoholic drinks firm Diageo has announced plans to invest €200 million ($202 million) in Ireland’s first purpose-built carbon neutral brewery in Kildare. According to the company, the new facility will produce lagers and ales, and with a capacity of 2 million hectolitres, it will become the second largest brewing plant in Ireland. The brewery will reportedly use 100% renewable energy and will make use of the latest process technology to …
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 …
German supermarket chain Kaufland has announced that they’re investing on sourcing produce from Germany all year round and thus the firm is opening Germany’s most modern greenhouse, together with the Reichenspurner family, in the region of Chiemgau. According to sources, the greenhouse will grow strawberries, peppers, tomatoes, and the like throughout the year over an area of 22 football fields. Additionally, the greenhouse is set to have electricity and heat …
Laumont, a company that produced truffles and mushrooms, has announced the construction of a new 4,000 sq. mt facility centre in Tarrega, Spain. According to a statement released by the firm, the new facility will increase the production capacity to answer the increasing demand of the business and it will allow the production of new truffle-based products. Additionally, there will be an investment in new machinery and in the creation …
FMCG giant Danone has announced that they are looking for a buyer for its factory in the north west of Spain, since they are looking to close it. According to sources, last month Danone announced the closure of the factory in the town of Salas in the name of improving ‘competitiveness and industrial efficiency’. The workers of the factory held a demonstration against the decision and Danone states that the …
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 …
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 …
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 …
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 …
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 …
Grupa Sokolow, one of the largest meat producers in Central and Eastern Europe, has opened a new meat processing plant in Sokolow Podlaski. Sokolow already has ownership of 8 specialised production plants in Poland, being the plant in Sokolow Podlaski the largest of the company. The branch in Sokolow specialises in sliced cold meats, sausages, and grill products as well as a wide variety of pork meats. President of the …
Aspiag Service, Spar’s regional operator for three Northeastern regions in Italy, has opened a new 18,000 square-metre distribution centre in Emilia-Romagna, Italy. According to Spar’s press release, the company invested €33 million ($34.9 million) in the facility, which currently employs more than 50 people, and has a 25,500-pallet capacity, featuring three floors with 1,700 sq. m. of office space. Alessandro Urban, Aspiag Service regional director for Emilia-Romagna, said, “This distribution …
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 …
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, …
German discounter Aldi invested €60 million ($63.2 million) in the opening of a 57,000-square-metre distribution centre located in Moita, Portugal. According to sources, the new facility, which is part of the retailer’s expansion plan announced in 2020, will supply goods to more than 150 stores and it will centralise Aldi’s logistic operations, which were previously split between the Montijo and Quinta do Anjo platforms. “We have always seen Portugal as …
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, …
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 …
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 …
German discount retailer Lidl has announced that it is opening a distribution centre in Luton, UK. The construction of the new 1.2million sq ft Lidl Regional Distribution Centre (RDC) is said to have started last year and the retailer is now looking to recruit warehouses jobs and expects to employ 1,200 people by 2025. Vacancies for operation managers to support roles in HR and payroll will also open next year, …
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 …
Coca-Cola Europacific Partners has announced an investment of €30 million ($32 million) to create a new production line in its manufacturing facility located in Dunkirk, France. According to Coca-Cola, the site produces a wide range of packs and sizes, and also produces aseptic, which is needed to make still drinks. François Gay-Bellile, CEO of CCEP France said: “Coca-Cola has been produced in France for over 100 years and has a …
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 …
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 …
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 …
Heineken, the multinational Dutch brewer, has announced the investment of €73 million in Italy to modernise and expand its brewery in Assemiri, Cagliari. The investment will be used to renovate the existing machinery and add new three warehouses to store material and products. According to sources, the investment will support the growth of the beer production in Sardinia, with a positive impact on both, local and national production chains. “The …
German household and personal care giant Henkel has announced the merger of its Laundry & Home Care and Beauty Care businesses into one unit, in a press release reporting its annual results and growth agenda. According to Henkel, the new Henkel Consumer Brands business unit will create a ‘multi-category platform’ for the consumer business under one roof. The integration is said to have already started, by having talks with employee …
German retailer, Rewe Group has announced its plan to invest €5 billion between 2021 and 2025 to expand its international business. According to sources, the company’s target is to increase organic gross sales to more than €20 billion by 2025, and the number of stores to around 5,000. At the moment, Rewe counts with about 4,500 stores spread in Austria, the Czech Republic, Italy Romania, Slovakia, Lithuania, Croatia, Hungary, 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 …
Ornua, the Irish dairy cooperative, has announced plans to expand its product offering into the Middle East and Africa. The company has announced the launch of Kerrygold butter sticks, in Saudi Arabia, Kuwait, and Jordan. The dairy product is made from the milk of grass-fed cows and offered in a format of 100g. Ornua will also launch a new pizza cheese range targeted at the Middle East and North African …
Dagrofa Group, the parent company of Spar Denmark, has announced the investment of DKK 450 million ($68.35 million) over the next three years in three of its retail chains, including Spar Denmark. The plan includes the development of a new retailer model to attract more independent retailers, where the new license model will be based on shared earnings with retailers and support retail development. “This year, the model will be …
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 …
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 …
UK-based supermarket chain Tesco has announced the closure of seven of its 13 Jack’s discount stores, while the other six remaining outlets will become Tesco stores. Tesco opened Jack’s store in 2018 with the promise to be “the cheapest in town” to win back shoppers from German discount stores Aldi and Lidl. According to sources, Tesco will try to find alternative roles for the 130 employees affected by the move. …
Unilever, the multinational consumer goods giant has announced it will cut 1,500 management jobs globally as part of the changes in its organisation model. The company’s re-organisation comes under intense pressure from shareholders to boost growth. Unilever will move from three to five distinct business groups: beauty & wellbeing, personal care, home care, nutrition, and ice cream. It will reduce its senior management roles by 15% and more junior management …
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 …
German discount retail giant Aldi has opened its first Shop&Go store in London which uses state-of-the-art technology to allow customers to shop without scanning the products or going through the checkout. To use the checkout-free store, customers will have to download the Aldi Shop&Go app and register an account which will allow them to enter the store and pick up the products. Once the shopping is finished, the client just …
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 …
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 …
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 …
The latest innovation insight from Gama Compass MANCHESTER – 16th December 2021: This month’s Innovation Insight shines a spotlight on a launch looking to shake up the dairy alternatives category through the power of the humble potato – Dug Potato-Based Milk. Recently launched by Sweden’s Veg of Lund and positioned as “the most sustainable alternative” to conventional milk on the market, Dug Potato-Based Milk sees potatoes stake their claim among an …
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 …
German health and beauty company Beiersdorf has introduced a more climate-friendly aerosol valve system for its Nivea Ecodeo products as well as a range of 100% recycled aluminium cans. Some of the Nivea Men deodorants and most of the Nivea Men shaving gels will be available in this type of climate-friendlier packaging on the European market. Beiersdorf teamed up with the UK-based company, Salford Valve Company Ltd. (Salvalco), and Switzerland-based Nussbaum …
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, …
Supermarket chain Tesco Ireland has announced the acquisition of ten Joyce’s supermarkets based in Galway for an undisclosed sum. The acquisition is the first significant investment made by Tesco since it entered the Irish market in 1997 and it is part of its strategy to grow its store’s footprint bringing quality and value to more customers. The stores will be rebranded as Tesco stores throughout 2022 and they will sell …
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 …
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 …
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 …
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 …
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 …
Britvic, the UK-based non-alcoholic drinks firm, has announced that it is investing £26.9 million ($36.2 million) in its Rugby factory, creating 20 new jobs. The company will install a fourth canning line to produce recyclable 330ml cans for soft drinks range, increasing capacity by a further 18% per cent. “This new, state-of-the-art canning line will be a fantastic boost for Britvic’s Rugby facility which continues to produce recyclable cans for some of …
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, …
Calbee, the UK crisp and snack manufacturer, has completed a £5 million ($6.6 million) investment in two manufacturing facilities to meet increasing consumer demand, according to an Insider Media report. The investment in Calbee’s Deeside and Bradford factories comes after the company reported like-for-like growth in its financial results, boosted by enhanced demand for its Seabrook brand. “The real credit for our performance goes to the team we have at …
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 …
German discount retailer Aldi has announced an investment of £1.3 billion ($1.8 billion) in the UK over the next two years to accelerate growth and market share, according to a Reuters report. Aldi is Britain’s fifth-largest supermarket group and has experienced rapid growth over the last decade. The retailer currently has 920 stores in the UK, and is reportedly planning to use the billion-pound investment to open 100 new stores, …
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 …
Arla, the Danish dairy firm, has announced an investment of 300 million SEK (approximately $35 million) in its dairy facility in Gotene, Sweden, to expand its organic range, according to a FoodBev report. The investment, which follows a previous investment of 95 million SEK ($11 million) in Gotene to expand its butter capabilities, will allow the firm to double the capacity for handling organic milk. “We are constantly looking into …
PepsiCo, the global snacks and drinks giant, has announced an investment of £24 million ($31.7 million) to upgrade its facility located in Lincoln, UK, to meet growing consumer demand. The investment will be used to replace the existing machinery with new state-of-art equipment and technology, to increase the production of Quavers snacks, and make space for new product lines. A further £1 million ($1.3 million) will be used at the …
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 …
PepsiCo, the global snacks and drinks giant, has announced plans to build a 1 billion PLN ($245 million) facility in Poland to produce savoury snacks. According to a company press release, the new plant will have the capacity to respond to growing consumer demand, and will become the largest and most environmentally sustainable PepsiCo facility in Europe. With an estimated area of seven football pitches, the facility will supply snacks …
UK-based baby milk company Kendamil has released what it describes as the world’s first’ ice cream made with infant formula. The limited-edition product has reportedly been designed for adults to counter the perception that infant formula tastes fishy, metallic, sour or bitter. “We are proud to launch the first-ever ice cream made with formula milk,” said Ross McMahon, CEO and founder of Kendamil. “We have worked passionately with the finest local …
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 …
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 …
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 …
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 …
British dairy firms Medina Dairy and Freshways Dairy have announced a merger agreement to create a more sustainable and progressive dairy business. According to sources, the merged business called Medina Freshways Ltd is believed to have the “requisite scale and agility to compete with the two large players which dominate the dairy sector in the UK”. Medina Dairy supplies milk, dairy, and bakery products, whilst Freshways Dairy claims to be …
Portuguese brand of sauces and seasonings Paladin, owned by Mendes Goncalves, has announced the launch of a new product: a piri piri hot sauce with cannabis. According to sources, the hot sauce is produced with the seeds of Cannabis sativa L., an ingredient of natural origin that is now trending worldwide and is being increasingly used in food products. Available under the brand Paladin Sacana, the company commented that the …
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, …
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 …
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 …
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 …
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 …
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 …
British retailer Tesco and French retailer Carrefour have announced that their purchasing alliance will not be extended. The global purchasing alliance was announced on July 2018, formed to cut down costs and secure better deals with major suppliers. Operational for three years, the alliance enabled the retailers to access new opportunities, suppliers, and new products. The retailers released a joint statement that said that “moving forward, both companies have agreed …
US foods giant Kraft Heinz has announced its plans to invest £140m ($199m) in its Kitt Green food manufacturing facility located in the UK. According to sources, the investment would be the largest made by the company in a facility outside the US in more than two decades. The move, which is subject to approval in the US, will fund equipment and technology to modernise the manufacturing capacity, reduce the …
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 …
Supermarket chain Continente, part of Portuguese retail and telecoms conglomerate Sonae, has announced the opening of a new store concept, Continente Labs. According to sources, it takes five seconds to buy something in the new 150 sq. mt. store, as the store is scan-less and cashier-less and the purchases are made through the Continente Labs app. The store is equipped with around 230 cameras on the ceiling and over 400 …
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 …
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 …
Global retail giant Carrefour International Partnership has announced that the company has signed an agreement to form a commercial partnership with Nordic Coops, focusing on private labels. According to Carrefour’s press release, the partnership will enable Nordic Coops to buy Carrefour’s food and non-food private labels, such as French, Italian, and Spanish food private labels, as well as the development of manufacturing synergies. Patrick Lasfargues, Carrefour’s executive director for international …
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, …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
Leading US cereal and snacks firm Kellogg has announced plans to invest nearly $35,7 million in its Pringles snacks brand factory in Belgium, to boost sustainability and to increase capacity. With an annual production of around 104,000 tonnes of crisps and a workforce of around 650 employees, Mechelen is one of the three largest Pringles worldwide factories and shipping crisps to Europe, North Africa, and the Middle East. Besides the …
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 …
Oatly, the Swedish firm behind the namesake dairy-alternative milk, has announced plans to open its first UK factory at the beginning of 2023. With a forecast capacity of 450 million litres production of oat milk per year, the new factory is said to be one of the largest plant-based dairy factories in the world and is expected to supply Peterborough area, where it is to be located. Oatly has committed …
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 …
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 …
Dutch retailer Ahold Delhaize has announced that it has reached an agreement with Deen to acquire a number of stores to be converted to operate under the Albert Heijn banner. According to the company, Deen intends to sell 80 stores, distribution centres, its remaining business units, and its head office in Hoorn. An agreement is said to have been reached between Deen and Albert Heijn, Vomar Voordeelmarkt, and DekaMarkt, under which …
Supermarket chain Lidl has announced that it plans to open 23 new stores in Belgium by the end of February 2022. According to a press release from the retailer, new stores have already opened in Zottegem and Virton, with four more set to open in Retie, Beaumont, Aubange, and Tongeren later in February. Lidl also said it planned to remodel nine stores in Belgian cities and to relocate 10 stores as part …
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 …
UK-based cheesemaker Wyke Farms has announced the opening of an export “centre of excellence” with increased maturing and dispatch storing space and an on-site packaging facility. According to a company press release, the cheese production capacity of aging was increased by an additional 2,500 tonnes of cheddar stocks since demand for Wyke Farms’ flagship 18-month-old Ivy Reserve cheddar has seen an increase in demand worldwide. Besides the increased production capacity, the …
Italian discount retailer In’s Mercato is planning to open 30 new stores this year, aiming to expand its footprint and consolidate its brand. According to ESM, the retailer, owned by Pam-Panorama Group, is also planning to refurbish 90 stores in northeast, northwest and central Italy, in addition to the 30 new store openings. The new stores will feature an In’s Forno in-store bakery, as well as In’s Orto, which sells fruit …
Snacks and confectionery multinational Mondelez has announced plans to invest £15 million ($21 million) into a new production line at its Bournville chocolate facility in Birmingham, UK. According to sources, £11 million of the investment will be spent to create a new production line for Cadbury Milk tablets as the company consolidates the majority of its tablets production at the site, and £4 million to increase the chocolate making capacity …
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. …
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 …
Scandinavian retail chain Coop has announced the launch of its first unmanned store located at Satrahojden in Gavle, Sweden The store, part of a move by Coop to explore innovative retail solutions, was tested last summer and will be operated by Coop Mitt, a co-operative running more than 60 stores in Gastrikland, Halsingland, Dalarna, Uppland and Vastmanland. According to sources, the store is equipped with cameras and automatic doors, and customers need to …
UK baby food firm Kendamil has launched two new baby cereal products, according to a FoodBev report. Suitable for babies from four months, the new Broccoli & Cheesy Cauliflower and Apple and Blackcurrant Oat Porridge are claimed to be free from added sugars, palm oil and preservatives. Launched in line with what Kendamil said was increasing demand from customers, the new Broccoli & Cheesy Cauliflower infant cereal is claimed to …
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 …
Babasucco, an Italian consumer goods company, has launched a new drink called Energy Estratto which is claimed to harness all the properties of avocado. The new launch is the latest in Babasucco’s line of cold-pressed juices which it first launched to the Italian market in 2015. According to the company, the line was created “to satisfy a specific function and has been studied to nutritionally satisfy”, and will “help you to reach …
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, …
Dutch dairy multinational FrieslandCampina has announced the closure of its Yoko Cheese packaging facility in Genk, Belgium by the end of 2021. According to FrieslandCampina press release, the decision to close the facility is based on the current underutilisation of its cheese packaging network, and the company’s efforts to restructure its operations to save costs. The closure will reportedly lead to 211 job losses. Hans Meeuwis, president of FrieslandCampina Dairy Essentials, said: …
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 …
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 …
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 …
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 …
Wessanen, the European manufacturer of natural food and drinks, has announced that it is changing its name to Ecotone and relocating its headquarters from the Netherlands to Lyon, France. As part of the rebranding exercise, the company has announced it will become a mission driven company according to French law and focus on a new goal of “food for biodiversity”. By 2030, the company said it pledged to further grow …
Coffee chain Pret A Manger has launched a line of coffee products for retail for the first time in the UK. Launched in partnership with supermarket chain Waitrose, the line, which will “allow customers to play the role of barista at home”, includes the two core coffees used in Pret’s stores: Pret’s Organic Classic Blend Ground Coffee (200g) which is used for filter coffee; and Pret’s Organic Espresso Beans (450g), …
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 …
Bacardi, the world’s largest privately-held spirits company, has announced the launch of Twistails cocktails pods, designed to provide bar-quality cocktails at home. Launched in the UK and Germany, the dual-chamber cocktail pods are described as being filled with Bacardi rum and natural flavours, and are available in the flavours mojito, strawberry daiquiri, and rum punch. According to sources, consumers only need to add water and ice to the Twistails shaker, …
Dairy firm Ornua has announced an investment of £3 million ($4 million) in “state-of-the-art” cutting and packaging equipment at its facility in Leek, UK. The funds will be used to install an additional high-speed cheese slicing line and the expansion of Ornua’s cheese grating capabilities which will result in an additional 7,000 tonnes of capacity, bringing total annual production to over 110,000 tonnes, the company said. The investment is said …
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 …
UK meat producer Finnebrogue Artisan has announced plans to build a new facility to produce plant-based food in County Down. According to sources, the Northern Ireland company will invest £25 million ($32 million) to build Europe’s “most advanced” plant-based food factory. “This state-of-the-art factory, combined with some extraordinary technological leaps in new product development, will enable us to make nutritionally balanced, delicious and sustainable plant-based food that’s virtually indistinguishable from …
JCCoimbra Group, a leading Portuguese olive oil firm, has recently acquired Purcen’s Vianeza brand range of mayonnaise and sauces. JCCoimbra Group specializes in supplying olive oil and vegetable oil to both the consumer market and manufacturing industry. In a statement, JCCoimbra CEO Miguel Arouca said: “This is a strategic decision to allow us to achieve growth through diversification, essential for JCCoimbra to further cement its presence in the market. The addition of the brand [Vianeza] to …
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. …
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) …
Plant-based manufacturer Meatless Farm has raised $31 million to support expansion plans in the UK, Europe, the US, and Asia, according to a FoodBev report. The funds will reportedly be used to expand the brand in existing markets, grow the business to new regions, add more products to the portfolio, and further develop manufacturing in Canada. Founded in 2018, Meatless Farms operates in Leeds (UK), Amsterdam (Netherlands), New York (USA) …
Leading US multinational Cargill has announced plans to build a new chocolate complex at its site in Mouscron, Belgium. According to a press release from the multinational, the 700 sq m “House of Chocolate” complex will feature a “chocolate experience centre”, a pilot plant, a sensory lab and a creative workspace for Cargill’s European R&D team. The firm said it aimed to create a space where consumers can experience the whole …
Plant-based foods company Vivera has announced an investment of €30 million ($36 million) to expand its Dutch facility and meat alternative production, according to a FoodBev report. The investment, which will be made over the next three years, is reportedly being made in response to the increasing demand for plant-based food suitable for vegetarians and vegans. Founded in 1990, Vivera is a manufacturer of meat alternatives such as burgers, steak, …
Finland-based food company Paulig has announced plans to invest €45 million ($54 million) in the construction of a new facility to produce “tex mex” products in Belgium. Founded in 1876 in Helsinki, Paulig is decribed as a family-owned producer of coffee, snacks, plant-based products, and spices, with operations in 13 countries. The new plant will be built in Roeselare, Belgium, next to two other Paulig factories, and will mainly produce tortillas. …
Swedish ingredient group Bayn Europe has announced it has completed its acquisition of Tweek, a reduced-sugar candy manufacturer, for 45 million SEK (€4.23 million). Founded in 2016, Tweek is said to have become the market-leading company and brand in Sweden for sugar-reduced sweets, with a total market share of about 30%. Tweek is claimed to be one of the pioneers of fibre-based sweets, where sugar is replaced with fibre instead of …
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 …
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 …
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: …
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 …
UK-based vegan producer Gosh! Food has announced its plans to invest £5 million to build its second production site in the country. The new 17,000 sq ft factory is expected to be opened in 2021 creating 25 new jobs. According to sources, the new site will allow the company to meet the current demand for plant-based food and expand its offering into new categories. Jane Rayner, Gosh! Food CEO said: …
Food and drinks multinational Danone has announced the launch of a new Oikos yoghurt with Bola de Berlim (Custard Doughnut) flavour, a typical Portuguese summer pastry. Ludovic Reysset, CEO of Danone Portugal, said: “The yoghurt category suffered in Portugal because it is considered a snack and, as a general rule, it is more used at work, or on-the-go”. Three weeks ago, the company launched Pastel de Nata (Custard Tart) flavoured …
UK distributor of food and drink, Euro Food Brands, has announced the acquisition of The Food Doctor brand from William Jackson Food Group. The Food Doctor is a snack brand founded in 1999 which produces healthy foods such as bagels, wraps, pitta bread, and nut snacks, made of wholesome ingredients, according to sources. The new acquisition will be part of the Euro Food Brands’ portfolio joining brands like Campbell’s Soup, …
Swiss retailer Migros has announced the launch of a new dairy-free yoghurt range made with chickpea protein from InnovoPro. InnovoPro is a food tech company based in Israel, which creates chickpea protein concentrates claiming to be the first company in the world to launch a 70% chickpea protein concentrate (CP Pro 70) being suitable for “wide range of applications, spanning the dairy alternatives, meat analogues, bakery and sports nutrition categories”. …
UK retailer Asda has announced the launch of a 100% recyclable crisp tube, moving its entire Snax brand range into cardboard packaging. With this new packaging, the company will be able to cut 98.2 tonnes of non-recyclable materials, the equivalent of 2.34 million crisp tubes. The retailer has the commitment to reduce own-brand plastic packaging by 15% by 2021 and reach 30% recycled content in its plastic packaging by the …
Spanish meat producer Noel Alimentaria has announced the investment of €25 million on a new producing facility in Olot, Girona. The new facility, which is scheduled to be finished by June 2021, will have an area of 15,000 square-metres, 200 new jobs providing a “great boost for fresh produce division”, cutting, packaging, and freezing pig meat. Noel Alimentaria commented: “Thanks to this action, the company will be able to promote …
Diageo, the leading alcoholic drinks firm, has announced the creation of what is says is the world’s first 100% plastic-free and paper-based spirits bottle, entirely made from “sustainably-sourced” wood pulp. Developed by packaging technology company Pulpex, the new bottle is said to be fully recyclable and “will allow brands to rethink their packaging designs, or move existing designs into paper, whilst not compromising on the existing quality of the product”, …
Liviko, an Estonia-based distiller, has announced the launch of the dual-purpose vodka Travel Safe bio, a drinking vodka that can be used as a disinfectant. Founded in 1898, Liviko is a well-known exporter of brands such as Vana Tallinn Liqueur, Crafter’s London Dry Gin, and Crafter’s Aromatic Flower Gin. Made from 100% organic grains, this new vodka is sold in travel-friendly bottles of 100ml and have an ABV of 60%, …
Nespresso, an operating unit of the Nestle Group, has announced the investment of CHF 160 million (£135 million) to expand production centre in Romont, Switzerland. Opened in 2015, this facility is the main producer of Nespresso Vertuo capsules and machines, distributed worldwide. With this investment, the company will augment its capacity in 10 new production lines, creating 300 new jobs over the next 10 years. The first production line is …
Food company Vibrant Foods has announced the acquisition of Cofresh Snack Foods, a UK-based producer of healthy Indian snacks for an undisclosed sum. Founded in 1974, Cofresh Snack Foods owns two main brands, Cofresh and, Eat Real, and according to sources, the company’s retail sales stood at around £75 million last year. This acquisition follows Vibrant Foods plan to “consolidate the apparent growing ethnic foods and healthy snacking market”. Rohit …
Bell Food Group, the Swiss meat processor and convenience food specialist, has announced the sale of two production plants in France and Hungary. The production facility based in France, with 70 employees, will be sold to Isla Delice, a French halal meat supplier while the Hungarian charcuterie facility will be acquired by the retailer Spar Hungary. The transactions are part of the company strategy to restructuring its international charcuterie business, …
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 …
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 …
Upfield Group, the Netherlands-based manufacturer of plant margarines, spreads and cheeses, has announced its plans to invest €50 million on the creation of a new food science centre in the country. According to company’s press release, the investment is a commitment to the development of great-tasting food made from plants and sustainable packaging solutions. David Haines, CEO of Upfield Group, said: “The announcement today demonstrates our commitment to ambitious and …
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 …
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 …
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 …
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: …
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, …
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 …
Natural energy drink brand Tenzing, has launched a plant-based energy drink containing anti-oxidising berries and vegan BCAAs (branched-chain amino acids). The new Tenzing Blackberry & Acai obtains its vegan BCAAs from fermented corn by probiotic bacteria and claimed to contain caffeine, vitamin C, and electrolytes. Founder of Tenzing, Huib van Bockel, said: “Somehow people have come to believe that energy from nature is not as strong as artificial energy drinks. …
Kinnerton, a British-based chocolate confectionery, has announced the launch of a nut-free hazelnut flavour chocolate bar under the Nomo brand name. The “Hazelnot Crunch” chocolate bar is made, according to sources, using creamy chocolate, rice crispie pieces, cocoa nibs, and nut-free hazelnut flavour and it is free from egg, gluten, and dairy retailing at £2.00. Senior innovation and brand manager at Kinnerton Confectionery, Emma Perrett, said: “Ensuring that no one …
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 …
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 …
PepsiCo, the global snacks and drinks giant, has announced the launch of Doritos Stax, in a triangular-shaped canister for its tortilla chip snack. The product will be available at the end of April, in three flavours – Ultimate Cheese, Sour Cream & Onion, and Mexican Chilli Salsa– with an RRP of £2.50 for 170g package. Commenting on the launch, PepsiCo’s marketing director for snacks Clafoutie Sintive, said: “Historically, canister snacks …
Futura Foods, the UK-based dairy company, has announced the opening of a new cheese cutting and packaging factory in Minffordd, Wales. The new 5,574 sq metre factory acquired in October 2019, will have the capability to produce 20,000 tons of cheese per year, creating 22 jobs and increasing the company’s operations. Hans Christiansen, managing director of Futura Foods, said: “I am immensely proud of the team who have worked extremely …
Napolina, the Italian cooking brand, has announced the launch of its drained canned quinoa, “the first of its kind on the UK market.” This product comes along with a new range of pulses, including chickpeas, red kidney beans, and cannellini beans, all of them available in 150g cans and vacuum packed to ensure there is no liquid to drain. Neil Brownbill, commercial director of Napolina, said: “Our innovation in the …
Nurture Brands, a UK-based food company, has announced the acquisition of the healthy snack bar brand The Primal Pantry, for an undisclosed sum. Founded in 2019 following the merge between Ape and Emily, Nurture Brands is a plant-based snacking and beverage group. According to sources, the acquisition of The Primal Pantry is part of Nurture Brand’s plan to become the UK’s fastest-growing plant-based snacking and beverage business. Ben Arbib, founder …
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. …
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 …
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 …
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 …
Mercadona, the Spain-based supermarket chain, has announced its intention to invest €1.8 billion in 2020 on a “transformation plan”. The plan will mainly consist of opening new 69 stores in Spain and 10 in Portugal. Similarly, Mercadona will renovate 160 supermarkets, install ready-to-eat food counters in 460 stores, build new logistics facilities and continue to develop its “global fresh” project. With a supermarket network of 1,636 stores and a workforce …
Toast Ale, a UK-based brewing company, has announced the launch what is said to be the first beer created from leftover crumpets, the result of a partnership with bakery company Warburtons. Warburtons, described as a family business run by the fifth generation of the Warburton family, bakes millions of crumpets a year. The idea behind the launch, using surplus crumpets, is to give a second life to food waste. The …
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 …
VkusVill, a Russian-based supermarket chain, is planning to expand and open a store in the Netherlands in the coming weeks, according to a Reuters report. Having started one decade ago selling fresh dairy products from local producers, the company positions itself as a neighbourhood distributor of affordable fresh food through supermarkets and self-checkout micro markets. VkusVill, which can be translated to “Taste Town”, is one of the fastest growing retailers …
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 …
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 …
Lucozade Ribena Suntory, the UK subsidiary of Japanese food and drinks giant Suntory, has inaugurated a new £13 million ($16.9 million) production line at the firm’s factory in Coleford, Gloucestershire. The new high-speed line fills 55,000 bottles an hour, enabling Lucozade Ribena Suntory to keep up with the demand for its expanding range of low-sugar drinks, the company said. It also uses heat and pressurised air instead of water to clean …
DMK, the leading Germany dairy cooperative, has announced plans to sell its ice cream plant in Waldfeucht-Haaren, North Rhine-Westphalia to retail giant Schwarz Gruppe, which operates the Lidl and Kaufland businesses, for an undisclosed sum. Describing the move as being part of plans to “streamline its production network in the ice cream business unit”, DMK said the transfer of the factory ownership, together with its 200 staff, would take place …
The Good Bean, a California, US based maker of organic chickpea snacks, has acquired rival snack firm Beanitos, according to a report in NOSH.com The terms of the deal, which were not wholly disclosed, will reportly seen Good Bean take over Beanitos assets, including its products, recipes, branding and retailer relationships, without assuming any responsibility for the company’s debt. Beanitos’ existing investors are also reported to have injected more capital into the …
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. …
Unilever, the multinational consumer goods giant, has announced it is undertaking a review of its washing powder factory in Warrington, UK in light of falling sales of powder detergents. The future of the plant, which manufactures Persil and Surf laundry powder and employs 123 staff, will be decided by the end of February, Unilever said. “Unilever has made considerable efforts to address the site’s challenges in recent years, from investing in …
Coca-Cola, the global soft drinks giant, has announced plans to invest up to €1 billion ($1.1 billion) in France over the next five years in support of “sustainable development” and a broadening of its product portfolio. The firm said that, together with Coca-Cola European Partners (CCEP), its primary French bottling partner, it planned to make a significant investment into innovation and the introduction of new products, as well as the expansion …
Gama spoke to Anne Schumacher, Vice President Food & Food Technology of Koelnmesse GmbH, ahead of the 50th anniversary edition of ISM. What are your expectations for this 50th edition of ISM? Of course, we are looking forward to a great event. ISM is again very well positioned this year. With more than 1,750 exhibitors from 76 countries, we were able to increase the number of exhibitors in our anniversary year …
Fazer, the Finnish dairy and confectionery firm, is considering closing a production facility for its Yosa brand of oat-based products, according to a FoodBev report. The plant in Kaarina, south-west Finland, is reportedly being shut as part of an efficiency drive, with production moving to another manufacturing site in the town of Koria. While noting that non-dairy oat-based products were playing a “key role” in the development of the business, Heli …
‘Big Four’ UK supermarket chain Asda has announced plans to address the challenge of reducing plastic waste by opening a “test and learn sustainability store” in Leeds that will allow consumers to bring in their own containers and refill with a variety of dried goods. Launching in May, the store will use dedicated refill stations to allow consumers to make packaging-free purchases of Asda own-brand coffee, rice and pasta, as well …
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 …
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 …
Innis & Gunn, the Scotland-based beermaker, has unveiled plans to build a new brewery at Heriot-Watt University’s Research Park, west of Edinburgh, UK at a cost of around £20 million ($26 million). Described as the first major brewery to be built in Edinburgh for 150 years, the new plant is also claimed to be the UK’s first major collaboration between a full-scale brewery and a university and will create a centre …
Danone, the food and drinks multinational, has announced it is investing “tens of millions” of euros to upgrade its dairy processing plant in Ochsenfurt, Germany, in order to expand production and improve efficiencies. The investment is primarily geared towards allowing the plant to manufacture ambient dairy products and also plant-based foods, alongside its existing yoghurt and dairy dessert production lines for brands such as Activia and Dany. The upgrade, which will …
The latest innovation insight from Gama Compass MANCHESTER – 12th December 2019: Highlighting continued interest in on-the-go breakfast options, this month’s Innovation Insight looks at a new packaging concept aiming to bring the traditional breakfast cereal format in line with prevailing consumer trends – Nestle Box Bowls Cereal. Essentially a reinvention of single-serve breakfast cereal multipacks, Nestle Box Bowls are an attempt to reinvigorate traditional boxed cereals by adapting the format …
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 …
Arla, the Danish milk processor, is to shut its Gefleortens business in Sweden, according to a FoodBev report, in a further sign of the pressures facing the global dairy sector. Gefleortens, which Arla acquired in 2017, is based in Gavle, north of Stockholm, and produces a range of dairy products including milk, cream and yoghurt. Arla reportedly cited increased competition as a reason for its decision, in addition to increased …
Unilever, the Anglo-Dutch consumer goods giant, has announced it has entered into an agreement to sell part of its laundry detergent business in Central America to the Guatemalan household and personal care firm Industria La Popular for an undisclosed sum. The deal will see Unilever divest its direct application laundry soap bars business in Central America, including the licence to use the brands Xtra, Surf, Unox and Rinso. The rights to use the brands …
Mars, the global confectionery giant, is rolling out a range of vegan-labelled milk chocolate bars in the UK, according to a report in The Guardian. The new line-up under the Galaxy brand will be offered in the varieties Smooth Orange, Caramelised Hazelnut and Caramel & Sea Salt, and will come in 100g packs bearing Vegan Society certification. Reformulating its Galaxy bars to replace dairy ingredients with hazelnut paste and rice …
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 …
Arla, the Danish dairy co-operative, has announced plans to invest $55 million in its factory in Manama, Bahrain, with a view to making the plant its key strategic manufacturing hub in the Middle East & North Africa. The dairy giant took over the plant as part of its acquisition of the Mondelez branded cheese business in the Middle East. The majority of Arla’s products sold in the region will now be …
Tulip, the meat processor and branded food maker, has announced it is considering closing its meat processing site in Bodmin, Cornwall, UK, with the loss of up to 270 jobs. “The site has been operating at a significant loss for several years and while it remains a well-invested site with industry-leading capabilities, it is unsustainable to maintain operations under the existing business model”, the company said, while adding: “Closure is …
Hipp, the German organic baby food firm, has announced its expansion into new categories with the acquisition of Barnhouse, a maker of natural granola and other breakfast foods from the Upper Bavaria region. Founded in 1979, Barnhouse markets a broad range of granolas as well as other traditional breakfast cereals such as cornflakes and muesli under its namesake brand, and is described as the maker of the world’s first organic …
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 …
Carlsberg, the Danish beer giant, has unveiled two new research prototypes as part of its Green Fibre Bottle initiative, a project to develop a fully biodegradable wood-fibre drinks bottle which it first announced in 2015. The beermaker said it would now also be joined in the project by Coca-Cola, Absolut and L’Oreal in a paper bottle “community” launched by Paboco, a joint venture between packaging company BillerudKorsnas and bottle manufacturing specialist Alpla. The two …
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 European Partners, the Coca-Cola bottler, has announced the opening of a new canning production line at its factory in Sidcup, UK at a cost of £16 million ($20 million). The firm said the new line was part of a £55 million($68 milliuon) investment into its Sidcup operations and would be dedicated to making CCEP’s latest lightweight cans, which range from in size from 330ml to 500ml. In addition to the …
Reinert and Kemper, two of Germany’s largest manufacturers of sausage products, have announced they are to merge to form the second biggest meat processor in the country, with annual turnover of more than €700 million ($767 million). Named TFB The Family Butchers, the newly-created company will offer customers a wide portfolio ranging from value lines to premium branded products, and will bring together Reinert’s expertise as a brand manufacturer with Kemper’s specialism …
Consumer goods giant Nestle has announced it is expanding its plant-based food range with the launch of burger and imitation mince in the USA and Switzerland United States. The ingredients and recipes in the new line are said to be customized to meet local tastes, to “ look and cook” like raw beef and provide a “juicy, meat-like” taste and texture. In the USA, Nestle is launching an Awesome Burger …
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 …
Aviko, one of Europe’s biggest producers of fresh, frozen, dried and specialty potato products, has announced plans to expand production capacity at its plant in Poperinge, Belgium, including the establishment of an entirely new production facility for frozen French fries and potato flakes. The new plant will have a capacity of 175,000 tonnes for frozen chips (fries) and 11,000 tons for flakes annually includes waste water treatment, a 40 metre …
Celsius Holdings, the maker of fitness drink Celsius, has announced the acquisition of Func Food Group, a Finnish supplements and health foods firm, for $15.1 million in cash and the assumption of $9.5 million of outstanding debt. Func Food is a markets and distributes beverages, protein bars, supplements and superfoods under the brands Celsius, FAST Sports Nutrition, CocoVi and FitFarm. Celsius Holdings said the deal represented an opportunity to quickly …
Oatly, the Scandinavian firm behind the namesake dairy-alternative milk, is opening its first new factory outside Sweden with an investment in a new plant in Vlissingen, Netherlands, according to a report in AD. The factory, which is designed to meet increased demand for the company’s oat-based goods, will employ 15 staff and produce 120 million litres of Oatly products per year. Commenting on the launch, Oatly spokesperson Fredrik Gustavsson said: “We have seen …
Burton’s Biscuit, the UK bakery firm behind brands such as Maryland and Wagon Wheels, has announced it has acquired Paterson Arran, a Scottish independent food company, for an undisclosed sum. The acquisition includes the Paterson’s shortbread brand as well as the foodservice biscuit and chutney brands Bronte, Cafe Bronte and Arran Fine Foods. Paterson Arran, which employs around 200 people, runs the Royal Burgh Bakery in Livingston, West Lothian, which produces …
Gama spoke to Anne Schumacher, Vice President Food & Food Technology, Koelnmesse, ahead of the latest edition of the Cologne tradeshow. What are your expectations for this edition of Anuga? Anuga 2019 is fully booked which is a great success again. Over 7,400 exhibitors from more than 100 countries will be part of this year’s edition. In addition to that, Anuga is celebrating its 100th anniversary – a remarkable sign of …
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: …
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 …
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 …
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 …
The UK arm of French dairy multinational Danone is expanding into the smoothies category with the launch of Danone Activia Live Culture Smoothies. The new no added sugar drinks are said to contain a mix of yoghurt, fruit and vegetables including live bacterial cultures, and to be a source of protein, calcium and fibre. An “orange” variety is described as blending mango, peach, carrot, date and linseed, while a “red” …
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 …
Consumer goods giant Nestle has announced the launch of three dairy-free coffee mixes under the Nescafe Gold brand in the UK and Ireland. According to a company press release, the new products are the world’s first plant-based soluble coffee mixes and all have vegan certification. Available as Coconut Latte, Almond Latte and Oat Latte, the new lineup is said to be made with a “specially-crafted” blend of 100% Arabica coffee and plant-based ingredients. Neil …
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, …
Ebro Foods, the Spanish food company, has announced it has received a binding offer from Midsona, a Swedish leader in organic and health foods and self-care ,for the acquisition of the entire share capital of Alimentation Sante for €57.5 million ($64 million). “Ebro has analyzed the strong investment needed to reach a relevant position in the Bio food business.”, the firm said in a statement “In this scenario, and considering …
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 …
Emmi, the Switzerland-based dairy firm, has announced the acquisition of Pasticceria Quadrifoglio, an Italian dessert company headquartered in Piumazzo di Castelfranco Emilia for an undisclosed sum. The integration of Pasticceria Quadrifoglio, which operates two production sites near Modena, will further expand Emmi’s production and distribution capabilities, the company said. The existing “Emmi Dessert Italia” network, which Pasticceria Quadrifoglio will join, already comprises production locations in Gattico, Pero and Lasnigo in …
Muller, the UK’s largest milk supplier and distributor, has expanded its facility in Telford with the construction of a chilled yogurt manufacturing line, capable of producing 500 million pots each year. The expansion represents an investment of £50 million ($62 million), will create 65 new jobs in the area, and enable Muller to meet growing demand from consumers for branded and private label yogurts made with milk from British farms, the …
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 …
Peroni, the Italian beer firm now owned by Asahi, has announced it has invested €13 million ($14.6 million) to open a new line at its bottling plant in the southern Italian city of Bari. The company said recent investments at the site had allowed it to surpass volumes of 1.8 million hectolitres in 2018, representing an increase of 5.7% on 2017. Commenting on the investment, Bari plant director Michele Cason …
Consumer goods giant Nestle is claiming a world first with the creation of a 70% dark chocolate made entirely from the cocoa fruit, using the beans and pulp as the only ingredients. “Nestlé has developed a natural approach, which allows it to extract the pulp and use it in chocolate with no compromise on taste, texture and quality”, the company claimed in a statement. Unlike most chocolate, the new product …
Belourthe, a Belgian based company specialized in the manufacturing of infant cereals, has announced it has reached an agreement to buy the baby food business of Cerealto Siro, a food multinational based in Madrid, Spain, for an undisclosed sum. The deal includes the Nutriceal brand of baby foods including cereals, purees and biscuits. Founded in 1974 (and owned until 2013 by the Nutricia / Danone group), the Nutriceal business also …
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 …
Warburtons, the leading UK baking firm, has announced plans to close a plant at its Newburn bakery in Newcastle upon Tyne with the loss of up to 118 jobs, according to a report in the Evening Chronicle. Operational since 1989, the Newburn facility employs around 100 staff in its traditional bakery. It also has a separate ‘free from’ facility, which has made its gluten, dairy and milk free products for the last eight …
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 …
Johnson & Johnson, the leading personal care and pharmaceutical firm, is aiming to boost its environmental credentials with the launch of a concentrated shower gel in France as part of the Le Petit Marseillais range, according to an LSA report. Described as the first mass-market product of its kind in France, Le Petit Marseillais Concentrated Shower Gel is due for launch in August or September of this year. A 100ml bottle of the …
Princes, the preserved foods firm, has announced it has completed the first part of a planned £80 million ($100 million) investment in its Long Sutton site in Lincolnshire, UK with the opening of a new pea processing plant. Long Sutton is described as Princes’ largest food production site in the UK, producing a range of canned products including peas, pulses, beans, bean meals, fruits and canned ready meals. Commenting on …
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 …
PepsiCo, the US based drinks and snacks giant, is taking on rival Coca-Cola in the UK RTD coffee category, with the launch of a new brand range in partnership with coffee specialist Lavazza. The new “cappuccino” drink is advertised as an “intense espresso shot blended with white milk froth” and is described as featuring a blend of Lavazza coffee and milk. Tagged as having a “noble Italian taste”, it is …
AMC, a Spanish manufacturer of juices and fresh foods, has announced it has opened a new plant-based production facility in Merseyside, according to reports in UK Investor Magazine and Asian Trader. The new purpose-built £11 million ($14 million) Skelmersdale factory will produce freshly squeezed juice and a variety of vegetable-based foods. According to Asian Trader, it is producing non-dairy yoghurt for Rebel Kitchen, and plant-based soups for brands including Bol. …
Karro Food Group, a leading UK pork processor owned by private equity firm CapVest has acquired UK seafood firm Young’s for an undisclosed sum, according to a FoodBev report. The new group will employ around 5,000 people across the UK and Ireland and will have annual sales of more than £1.2 billion ($1.51 billion) a year. Grimsby-based Young’s produces a range of fresh, frozen, own-label and branded fish at 12 …
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 …
Muller, the leading dairy firm and the UK’s largest milk supplier and distributor, has confirmed that it is to close its production facility in Foston, Derbyshire, with the loss of 223 jobs. In a press release, the company said the decision followed a 45-day statutory review of the its dairy network which examined factory utilisation against a backdrop of declining consumption of fresh milk and “significant changes” in retailing. During …
AG Barr, the UK-based soft drinks firm, is expanding its portfolio of “adult” soft drinks with the launch of the new St Clements fruit drinks brand, positioned as an alternative to alcohol. St Clements drinks are made from sparkling water and fruit juice concentrate, and are sold in 500ml bottles with a crown cap closure. Available in Apple & Pear and Raspberry & Blackberry varieties, they are marketed as “refreshingly …
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 …
Kerry Foods, the Ireland-based food firm, has announced plans to close its factory in Burton-on-Trent with the loss of 900 jobs, according to a report in the Derby Telegraph and the BBC. The closure of the site, which manufactures ready meals for leading supermarket chains, reportedly came as the result of the loss of a major Tesco contract. Describing itself as a leading supplier of added-value branded and customer branded …
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 …
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 …
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 …
Allied Bakeries, the UK bakery firm behind brands such as Kingsmill, Allison’s, Sunblest and Burgen, has announced plans to halt production at its site in Cardiff with the loss of up to 180 jobs, according to BBC and Wales Online reports. “Earlier this year Allied Bakeries announced the loss of a major own label bakery contract, following which we have undertaken a detailed review of our bakery network to optimise …
Coca-Cola, the global soft drinks giant, has announced it is launching a new lineup of RTD coffee under the Costa brand for consumers in the UK. “The ready-to-drink offering contains a double shot of Costa Coffee’s smooth and delicious Mocha-Italia signature blend, to deliver the same Costa Coffee experience which consumers know and love”, the company said in a statement. The launch of the drink, which is described as being …
Raisio, the Finnish firm behind brands such as Benecol, Elovena, Sunnuntai, Torino and Benella, has announced it is investing an estimated €45 million ($50.8 million) in a production facility for the development and manufacture of plant-based added-value products. Describing the investment as a response to the strong growth in demand for plant-based food, particularly in European markets, Raisio said it was continuing to invest in the growth of the cholesterol-lowering …
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 …
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) …
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 …
Dia, the Spanish supermarket chain, plans to close 219 outlets this month after a buyer for them failed to materialise, according to a report in El Pais. The retailer had previously announced up to 300 of its stores might have to shut after it closed its 2018 financial year with €352 million ($396 million) in losses and in a situation of technical bankruptcy. It is reported that, of the more …
Bonduelle, a company specializing in processed vegetables, has announced it has acquired the industrial assets of Shock LLC, a frozen vegetable company located in the Belgorod region in Russia. The French firm said the new site’s location in a temperate climate region with particularly fertile soils would accelerate the development of the Bonduelle frozen business in Russia and neighbouring states. Bonduelle has been commercially present in the Russian market through …
The German division of Danone, the dairy and bottled water giant, has launched a new water under the Volvic name that is said to be infused with coffee and to feature added fruit flavours, according to a FoodBev report. Claimed to be a “sensational alternative to iced tea”, the new coffee-infused water is available in Mocha & Lemon, Robusta & Cassis and Arabica & Passion Fruit Lychee varieties. The new launch …
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 …
Saint Jean, the specialist in fresh pasta and Italian ready meals, is spending €48 million ($54 million) to add a new plant at its production site in Romans-sur-Isere in the Drome department of south-western France, according to a report in Les Echos. The first phase of the project reportedly includes a 7,500 sq m manufacturing facility with six production lines, and a 6,000 sq m logistics operation, due to be operational by late 2020 …
Cofresh, which claims to be the UK leader in Indian-style snacks, is investing £20 million ($25. million) in a new factory and warehouse in Nuneaton, UK to keep pace with the expansion of the business, according to a report in the Leicester Mercury. The 18-month investment will allow Cofresh to complement its existing factory in Leicester, and thus split its snack production between two sites. The Leicester factory will continue …
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 …
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 …
KraftHeinz, the US consumer goods giant, is said to be buying back a plant it previously owned in Utrecht, Netherlands, reportedly over fears the factory was headed for bankruptcy. According to an article in Levensmiddelenkrant (quoting ANP), a trade union leader familiar with the matter said expected growth at the plant had not materialized, and 90 jobs had been under threat. KraftHeinz sold its drinks, bread toppings and breakfast cereal facility in …
Dr. Oetker, the Germany-based food firm, has completed a £30 million ($39 million) upgrade to its pizza manufacturing facility in Leyland, Lancashire, UK, according to a report in Business Lancashire. The site, which manufactures the firm’s Chicago Town and Ristorante pizza lines, has seen a doubling in total capacity with a new production line for the Chicago Town Deep Dish pizzas range. The upgrade also includes new raw materials storage capacity and …
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 …
Savencia Fromage & Dairy, a specialist in cheese and value-added dairy ingredients, is set to close its production facility in Saint-Saviol with almost 100 jobs affected, according to reports in the French media. The factory, which Savencia Fromage & Dairy acquired from Lescure in 2013, will reportedly cease operations in October 2019. La Nouvelle Republique reports that the cheesemaker had invested up to €12.5 million ($14.0 million) in the plant …
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 …
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 …
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 …
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. …
Cristal Union, the number two sugar firm in France, has announced plans to close two facilities in response to oversupply and falling prices in the sugar market. Usine Nouvelle reports the firm, which markets the Daddy brand, is to shutter its plants in Toury, Eure et Loir and Bourdon in Auvergne, with more than 300 jobs affected. It is also said to be considering reducing activities at its Erstein packaging site …
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 …
New World Foods, an Australian-based meat jerky firm, has acquired UK peer Meatsnacks Group for an undisclosed sum, according to a Just Food report. New World Foods markets the Mariani and Local Legends brands of meat jerky in its native Australia, as well as Japan, South Korea and the UK through channels including supermarkets, food retailers, duty free outlets and convenience stores. Meanwhile, the Meatsnacks Group portfolio includes Wild West beef …
The latest innovation insight from Gama Compass MANCHESTER – 15th April 2019: For this month’s Innovation Insight, we look at the rise of ‘two in one’ concepts in the bakery category. Under the spotlight is a recent launch from Fox’s Biscuits that aims to add distinctive ‘double flavour’ variety to the biscuit aisles – Fox’s Double Dough Biscuits. Newly launched in the UK, Fox’s Double Dough Biscuits aim to “shake up …
Dutch food business Wessanen, the owner of brands such as Kallo, Whole Earth, Bjorg and Mrs Crimble’s, has announced it has been acquired by a consortium comprising the private equity firm PAI Partners and Charles Jobson (Wessanen’s largest shareholder) for a total consideration of around €885 million ($996 million). The acquisition will enable Wessanen to continue to invest in initiatives in order to maintain its position as a leader in …
Granarolo, an Italian dairy company based in Bologna, has announced it is acquired a majority stake in Venchiaredo, a specialist maker of stracchino cheese. Founded in 1968, Venchiaredo has a product range that includes Venchiaredo stracchino cheese, Friulan stracchino, and Venciaredo Fresh. The company reported turnover of €26.9 million ($30.42 million) in 2018, up 18% on the year before. The deal sees Granarolo increase its stake Venchiaredo from 24% to …
Unilever, the Anglo-Dutch consumer goods giant, is set to expand its Carte D’Or range in the UK with the launch of new layered ice creams featuring cake and biscuit pieces. Said to be backed by a marketing investment of £3 million ($3.9 million), the new range comes in the varieties Brownie and Vanilla, Sea Salted Caramel and Raspberry Cheesecake, priced at £3.99 ($5.22) for a 430ml tub. The Raspberry Cheesecake …
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, …
Tulip, the meat firm owned by Danish Crown, is set to invest £2.3 million ($3 million) to upgrade a production facility in Ruskington, UK in response to increased demand for its snack products, according to reports in FoodBev and the Sleaford Standard. Tulip said the investment would allow the creation of a new “specialist snacking site” for niche products and would also add capacity for higher-volume lines. It reported having …
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 …
Atlantic Grupa, a Hungarian manufacturer of food and beverages, has announced it has sold its sports and functional nutrition division to the German food and beverage trading business Genuport for an undisclosed sum. The transaction includes Multipower, described as one of the European leaders in the sports and functional food market, with a range of products and food supplements for athletes and recreational athletes, as well as the brands Champ …
German milk processor Deutsches Milchkontor has announced a deal to acquire baby food producer Alete as part of a business “realignment and restructuring” process. The acquisition includes the brands, as well as sales and distribution channels, of Alete GmbH and German Babyfood GmbH. DMK described the deal as “very important”, since it is currently investing approximately €145 million in a complete renovation of a site in Struckhausen (Lower Saxony) to …
Emmi, a Swiss dairy company, is expanding its business with the acquisition of a 66% stake in Austrian milk processor Leeb Biomilch. Founded in 2001, Leeb Biomilch has established a leading position in Europe for organic goat’s and sheep’s milk products in fresh and UHT milk, milk drinks and yogurt. The firm also offers vegan products made from almonds, coconuts and oats under the MyLove-MyLife brand. It has 50 employees …
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 …
Coca-Cola, the soft drinks giant, is launching Coca-Cola Energy, a new energy drink brand for the European market. Featuring “a great Coca-Cola taste and feeling that people already know and love”, the new drink is said to be taurine-free and to feature caffeine from naturally-derived sources, guarana extracts, and B vitamins. Coca-Cola Energy is being launched in Spain, Hungary and the UK before being rolled out in additional countries across …
Huercasa, a Spanish producer and trader of processed, ready-to-eat products, is planning to open a new factory in Romania to supply products to its operations in Germany, Poland and other Eastern Europe markets. The new plant is being built on a 200,000 sq m plot in Calarasi, in the Valaquia region, 150km from the Romanian capital Bucharest. According to Diario de Valladolid, the planned spend is in the order of …