Norway: Orkla to acquire Icelandic company Noi-Sirius
Scandinavian consumer goods giant, Orkla, has announced the full acquisition of the Icelandic chocolate and confectionery company Noi-Sirius for an undisclosed sum. In 2019, Orkla acquired a 20% minority stake in Noi-Sirius and now Orkla has agreed to acquire the remaining shares in the company. Noi-Sirius is a chocolate and confectionery manufacturer with a workforce […]
UK: Britvic to acquire plant-based drink business Plenish
Global soft drinks giant Britvic has announced the acquisition of the UK plant-based drink business Plenish, for an undisclosed sum. Founded in 2012, Plenish makes a range of plant-based milks and plant-powered juices from high-quality, organic, and sustainably sourced ingredients. The products are low calories, and free from added sugar and preservatives. The acquisition follows […]
Netherlands: Tony’s Chocolonely to acquire Belgian chocolate maker Althaea-De Laet Int
Tony’s Chocolonely has announced the acquisition of its Belgian chocolate bars manufacturer Althaea-De Laet Int for an undisclosed sum. The acquisition will allow Tony’s Chocolonely to operate its own factory, scale up its manufacturing capacity, innovate faster, and be more flexible in production. Althaea-De Laet Int was founded in 1960 as a family business, manufacturing […]
Greece: CVC Capital Partners to acquire majority stake in Dodoni
Private equity firm CVC Capital Partners VII has announced that it has reached an agreement to acquire a majority stake in Greek dairy company Dodoni from SI Foods Ltd, Dodoni’s majority shareholder. According to CVS Capital Partners’ press release, in 2012, the leading Greek dairy and best-selling Greek Feta PDO brand Dodoni, was privatised and […]
UK: Real Good Food to sell Brighter Foods to The Hut Group for £43 million
UK-based Real Good Food has announced the sale of its snack bar subsidiary Brighter Foods to The Hug Group for £43 million. Brighter Foods is a manufacturer of healthy snack bars for global confectionery, wellness, and breakfast food brands. The deal will allow Real Good Food to reduce debt, pay some of its pension deficit […]
UK: Vibrant Foods to acquire Fudco
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, […]
Portugal: Chocolates Valor acquires Imperial
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 […]
UK: Mondelez to acquire majority stake in Grenade
Snack and confectionery multinational Mondelez has announced the acquisition of a majority stake in sports nutrition firm Grenade for an undisclosed sum. Founder in 2010, Grenade is a manufacturer of sports nutrition products with a portfolio of high protein, low sugar products such as bars, shakes, and drinks with exports over 30 countries. The partnership […]
Netherlands: FrieslandCampina and Arabian Food Industries form joint venture
Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East. According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and […]
Belgium: Kellogg’s to Invests in Belgian Pringles plant
Leading US cereal and snacks firm Kellogg has announced plans to invest nearly $35,7 million in its Pringles snacks brand factory in Belgium, to boost sustainability and to increase capacity. With an annual production of around 104,000 tonnes of crisps and a workforce of around 650 employees, Mechelen is one of the three largest Pringles […]