Turkey: Kraft Heinz to purchase sauce maker Assan Foods
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 […]
Netherlands: Livekindly Collective to purchase The Dutch Weed Burger
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 […]
UK: Tesco and Carrefour to discontinue purchasing alliance
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. […]
UK: Kraft Heinz to invest £140m in UK facility
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 […]
UK: Ferrero to acquire Burton’s Biscuit
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 […]
Greece: Mondelez to buy snack maker Chipita for $2 billion
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 […]
Portugal: Continente opens new store concept Continente Labs
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 […]
Germany: Thai Union acquires remaining shares of Rugen Fisch
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 […]
UK: Exponent to acquire indulgent dessert brand Gu
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 […]
France: Carrefour signs partnership with Nordic Coops
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, […]