Italy: Granarolo to acquire Calabro Cheese
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 […]
France: Biscuit International to buy Continental Bakeries
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 […]
France: Savencia Fromage & Dairy to acquire plant-based company Hope Foods
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 & […]
UK: CD&R to acquire Morrisons for £7 billion
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 […]
UK: Britvic announces £26.9 million factory investment
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 […]
UK: Nomad Foods to acquire Fortenova Group
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 […]
UK: Calbee UK to complete £5 million investment in facilities
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 […]
Italy: Barilla to team up with Unilever to sell ice cream and snacks
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 […]
UK: Aldi to invest £1.3 billion to accelerate growth
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 […]
Sweden: Arla to invest 300 million SEK to expand organic range
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 […]