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 …
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American international food corporation, Tyson foods has invested $425 million in a new poultry complex in Tennessee. Located in Gibson County, the 370,000 square foot facility includes a processing plant, feed mill, and hatchery, and it will produce pre-packaged trays of fresh chicken for retail grocery stores. The facility is expected to employ more than 1,500 employees by 2023. Donnie King, chief operating officer and group president at Tyson Foods …
UAE-based food and beverages company, Agthia, has acquired a majority stake in Egyptian producer of frozen processed chicken and beef products and owner of the Atyab brand, Ismailia Investments. The acquisition is part of Agthia’s plans to expand its presence in the processed protein sector after the recent acquisition of Nabil Foods. Ismailia Investments has a portfolio of brands such as Atyab, Meatland, Shiketita, and Furat with a processing capacity …
Private equity firm Brynwood Partners VIII L.P. has announced the acquisition of De Wafelbakkers from The Oklahoma Publishing Company, a subsidiary of the Anschutz Corporation. De Wafelbakkers is a manufacturer of branded and private label frozen pancakes, waffles, and French toast that employs around 650 people and has two manufacturing facilities. Henk Hartong III, chairman, and CEO of Brynwood Partners said: “Brynwood already has a presence in the breakfast category …
Paris-based Ardian-backed firm Cerelia has announced the acquisition of US Waffle and that the company has received a strategic equity investment from Continental Grain Company. Cerelia is a leading manufacturer of fresh, ready-to-bake dough for pie and pizza and ready to heat pancakes, crepes, and cookies, whilst US Waffle specialises in premium pancakes and waffles. The acquisition comes after the company acquired Wewalka’s North American pizza dough business, both purchases …
CapVest Partners has entered into an agreement with Sofina Foods to sell Eight Fifty Food Group, a producer of seafood and pork in Ireland and the United Kingdom, for an undisclosed amount. The privately owned Canadian company Sofina Foods operates in 21 different sites and is one of Canada’s largest producer of pork, beef, turkey, and chicken products. With the acquisition of seafood and pork supplier Eight Fifty Group, Sofina …
8th Avenue Foods & Provisions, an affiliate of Post Holdings, has entered into an agreement to acquire Ronzoni dry pasta from Riviana Foods, a subsidiary of Ebro Foods for $95 million. The divestment comes after Riviana Foods sold a majority stake in its USA branded pasta portfolio to TreeHouse Foods and Ebro Foods sold Catelli dry pasta to Barilla in Canada. Scott McNair, CEO of 8th Avenue said, “We are …
Global retail giant Carrefour has reached an agreement with Advent International to acquire the third-largest retailer in Brazil Grupo BIG, for about $1.3 billion. The deal reinforces Carrefour’s presence in Brazil, making it almost as big as its European operations outside of France. The acquisition, which is subject to Brazil antitrust approval, will be realised 70% in cash and 30% through new Carrefour Brazil shares. The move is said to …
Spanish chocolate producer, Chocolates Valor, has announced the acquisition of Portuguese firm Imperial Produtos Alimentares, the major chocolate manufacturer of Portugal. Imperial, owner of brands such as Regina, Pantagruel, Jubileu and Pintarolas, was part of the venture capital fund Vallis Sustainable Investments I, but within a few weeks it will become part of the leading group in Spain Chocolates Valor, which invoices around €138 million, has two industrial facilities and …
General Mills, the US food giant, has announced a deal to sell its 51% controlling interest in European Yoplait S.A.S. to French dairy cooperative Sodiaal. The ‘memorandum of understanding’ set between both firms includes a reduced royalty rate for use of the Yoplait and Liberte brands in the United States and Canada, as well as full ownership of the Canadian Yoplait business – making the Yoplait Canada yoghurt business a …
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