Australia: Mondelez to acquire snack company Gourmet Food
Mondelez International, the snack and confectionery multinational, has announced the acquisition of Gourmet Food, a leading manufacturer and distributor of premium entertaining food products, for an undisclosed sum. The movement is part of Mondelez’s strategy to strengthen its position in the snacking sector, following the recent acquisitions of Perfect Snacks and Hu Master Holding. Gourmet […]
China: Kerry Group to acquire Jining Nature Group
Global food manufacturer Kerry Group has reached an agreement to acquire Chinese flavour and seasoning company Jining Nature Group for an undisclosed sum. Through the acquisition, Kerry Group plans to strengthen its presence in the Asia Pacific market. The firm also said it intended to bring a wide range of authentic local and regional taste […]
Thailand: Thai Union to invest in cell-based seafood company BlueNalu
Thai Union Group, a world-leading seafood company, has announced an investment in BlueNalu, a cell-based seafood start-up. Founded in 2018, BlueNalu has developed what is claimed to be an innovative way to produce fish products directly from the cells of fish, in which the taste, texture and nutritional value of the products do not vary in […]
China: McCain to build second processing facility
Global potato company McCain has announced a $200 million investment to construct a second potato processing facility in China. In a statement, the company said the development comes as the company intends to meet the growing demand for its potato products in China, building on its 25 year presence in the country. The new potato processing plant will […]
Indonesia: Japfa to sell 80% of dairy business Greenfields for $236 million
Indonesian agri-food and poultry manufacturing business group Japfa has entered into an agreement to sell 80% of South-east Asia branded dairy business Greenfields to affiliates of investment firms TPG and Northstar Group for 236 million, according to reports in Food Business Africa and Straits Times. Founded in 1997, Greenfields has over 16,000 Holstein and Jersey cows which […]
Australia: Bega to acquire Lion Dairy & Drinks
Cheese firm Bega has entered into an agreement to acquire Australian company Lion Dairy & Drinks for AUD 560 million (USD 412 million). The news follows the announcement that the previously-announced sale of the business unit to Mengniu would not proceed. Lion Dairy & Drinks’ core business is the manufacture, marketing, sales, and distribution of […]
China: Nestle to sell Yinlu business to Food Wise
Multinational food and drinks giant Nestle has announced the sale of its Yinlu peanut milk and canned rice porridge business in China to Food Wise, a company linked to the family of the Yinlu founder, for an undisclosed sum. The move will allow Nestle to focus on its key categories in China such as coffee, […]
Australia: CCEP makes takeover offer for Coca-Cola Amatil
European bottler Coca-Cola European Partners (CCEP), has made an offer to buy Australian Coca-Cola Amatil (CCA) for A$9.28 billion ($6.62 billion). According to sources, the Australian bottler is backing the offer, which prices the company below the market valuation that was made in February. CCA has reportedly seen a decrease in profit since March, due to the […]
China: Alibaba to take control of Sun Art
Chinese e-commerce giant Alibaba has agreed to acquire a controlling stake in grocery retailer Sun Art from Auchan for approximately $3.6 billion. Alibaba acquired a 36% stake in Sun Art in 2017, and has now increased its holding to 72%. The move indicates “Alibaba’s commitment to Sun Art and its strategy to integrate online and offline resources […]
Australia: SPC to acquire The Kuisine Company
Australian agribusiness firm SPC has announced the acquisition of a majority stake in The Kuisine Company, an Australian manufacturer of frozen ready meals and appetizers. The acquisition, which also includes wholly-owned brands such as The Good Meal Co, The Gluten Free Meal Co and, Simple Special, will allow SPC to expand as part of its […]