Heineken, the multinational Dutch brewer, has announced the acquisition of United Breweries Limited (UBL) the India-based brewing company. The movement comes after the acquisition of additional shares, taking its shareholding in UBL to 61.5% on 23 June 2021. According to Heineken’s press release, India is an existing long-term growth opportunity for the company due to the emerging middle-class population in a country with a population of nearly 1.4 billion people. …
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Grupo Bimbo, the Mexican bakery company has announced the acquisition of Emmy’s Organics, a US-based organic cookie producer. According to Grupo Bimbo, Emmy’s Organics is a manufacturer of ultra-premium organic cookies and a major player in gluten-free cookies. The company added that this acquisition allows an “entry point into the quickly growing better-for-you cookie and sweet baked goods market”. Bimbo CEO Daniel Servitjesaid said: “We continue to see strong demand …
Flagship Food Group has acquired a majority stake in Tortilla King, the US tortilla and tortilla chips producer. Flagship, majority owned by Creo Capital Partners, sells a wide range of food products and services under the 505 Southwestern, La Tortilla Factory, Lilly B’s, Hatch Kitchen, TJ Farms, and other brands. Tortilla King is known for its premium tortillas and tortilla chips under Mama Lupe’s brand, being also a manufacturing partner …
Nestle has announced an investment of $70 million in its Burlington factory to start manufacturing Nestle Toll House refrigerated cookie dough. According to sources, the plant used to produce candy bars such as 100 Grand, Nestle Crunch, and Buncha Crunch. Nestle sold its confectionery business to Ferrero in April 2018, but the Burlington factory was not part of the sale, and its ice cream, baking, and beverage lines were also …
Rio Branco Alimentos, owner of Pif Paf and other brands such as Fricasa, and Ladell, has announced the acquisition of Uniaves, the largest chicken producer in the Espirito Santo state. Uniaves is completing 12 years in the market and produces around 80 products, in different lines, sold in traditional retail and food service, in addition to being exported to several countries. According to sources, with the acquisition, Pif Paf will …
British investment firm, S-Ventures has acquired Pulsin, a plant-based nutrition company for £7.5 million ($9.99 million). Pulsin produces plant-based products such as protein and keto bars, powders, and shakes under its own brands as well as third parties. The acquisition follows S-ventures willingness to diversify in the health and wellness foods segment, earlier this year the company acquired Ohso Chocolate, a probiotic chocolate brand and We Love Purely, a plant-based …
German company Henkel has announced the acquisition of Swania SAS, a household care supplier based in France. The acquisition will allow Henkel to strengthen its position in the detergents and cleaning products market committed to limiting the impact on the environment. Swania is a French ecological home care company which portfolio includes Maison Verte a brand with detergents and household care products certified with the Ecolabel. Chairman of the Henkel …
Spanish food company Ebro Foods has announced the sale of part of its Panzani unit to French private equity firm CVC Capital Partners for EUR550 million (US$648.4). Ebro Foods has a leading position in the global pasta and rice markets, with brands such as Panzani, Olivieri, Bertagni, Garofalo, Santa Lucia, Russo de Cicciano, and Roland Monterrat, among others. The agreement includes the dried pasta, couscous, sauces, and semolina divisions of …
Canadian plant-based company Above Food has announced the acquisition of two plant-based brands Only Oats and Culcherd. Only Oats is a premium certified gluten-free whole oat company sourcing, developing, manufacturing, and marketing oat-based ingredients and oat-based consumer products, while Clucherd is a 100% certified organic, vegan dairy alternative company. The acquisition, according to the company’s press release, has been done to meet the increasing demand of consumers for oat-based products …
Unilever, the multinational consumer goods giant has announced a strategic partnership with Arzeda, the industry-leading Protein Design Company. Arzeda is a synthetic biology company that creates novel proteins, enzymes derived from nature, and specialty chemical products used through smart technologies to optimise their functionalities. Over the next three years, Unilever will use Arzeda’s world-leading digital biology techniques to innovate its own cleaning and laundry portfolio. Peter ter Kulve, Unilever Home …
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