Switzerland: Bell Food Group to sell two factories
Bell Food Group, the Swiss meat processor and convenience food specialist, has announced the sale of two production plants in France and Hungary. The production facility based in France, with 70 employees, will be sold to Isla Delice, a French halal meat supplier while the Hungarian charcuterie facility will be acquired by the retailer Spar […]
Sweden: Midsona to acquire nutritional brand Gainomax
Swedish leader in organic and health foods and self-care Midsona has announced the acquisition of the sports nutrition brand Gainomax from the dairy cooperative Norrmejerier, for SEK60 million (£5.2 million). Gainomax is one of the most-known sports nutrition brands of functional and exercise recovery products in Sweden with sales of approximately SEK80 million (£6.97 million) […]
Italy: Nestle to sell water brand Nestle Vera to Acqua Vera Spa
Sanpellegrino Group, a Nestle subsidiary, has announced the sale of Nestle Vera water brand to Acqua Vera Spa for an undisclosed sum. Founded in 1979 and acquired by Nestle in 2005, Acqua Vera holds approximately 6% of the Italian bottled water share market, registering an annual turnover of €80 million last year, according to sources. […]
Poland: Tesco to sell Polish operations for £181 million
British retailer Tesco has announced the sale of its business in Poland to Danish retailer Salling Group, for PLN 900 million (£181 million). This sale follows Tesco’s strategy of withdrawal some of its global positions, similar to the sale of its business in Thailand and Malaysia in March, to focus on its strongest markets. According […]
Sweden: LiveKindly Co. to acquire the vegan brand Oumph
Brand collective LiveKindly Co. has announced the acquisition of the Swedish plant-based meat brand Oumph for an undisclosed sum. Founded in 2015 by Food for Progress company, Oumph is a brand of meatless products and meals with a strong emphasis on the climate impact. According to sources, this acquisition will allow LiveKindly to become “one […]
Norway: Orkla to sell Vestlandslefsa brand to Baxt Lierne
Orkla, the Scandinavian consumer goods giant, has announced the sale of Vestlandslefsa, its potato flatbread brand to Baxt Lierne a Norwegian bakery company subsidiary of Skagerrak-Holding AS. According to sources, this sale is part of Orkla’s plans to restructure its portfolio and focus on its pizza production at its factory in Stranda, Norway. In addition […]
Netherlands: Upfield Group to invest €50 million on R&D
Upfield Group, the Netherlands-based manufacturer of plant margarines, spreads and cheeses, has announced its plans to invest €50 million on the creation of a new food science centre in the country. According to company’s press release, the investment is a commitment to the development of great-tasting food made from plants and sustainable packaging solutions. David […]
Switzerland: Nestle Health Science to acquire majority stake in Vital Proteins
Nestle Health Science has announced the acquisition of majority skate in Vital Proteins, a producer of supplements, vitamin, food, and beverage products. Founded in 2013, Vital Proteins brand portfolio’s includes Atrium Innovations, Garden of Life, Pure Encapsulations, and Persona, distributed across 35,000 retailers. Greg Behar, CEO of Nestle Health Science, said: “This is an exciting […]
Spain: Puig to acquire majority stake in Charlotte Tilbury
Spanish-based perfume and fashion company Puig has announced the acquisition of a majority stake in makeup brand Charlotte Tilbury. Launched in 2013 by Charlotte Tilbury itself, the British-based brand creates and develops luxury makeup and skincare products. Charlotte will continue as chairman, president, and Chief Creative Officer of the company. According to the company press […]
Norway: Orkla to acquire PepsiCo’s Havrefras Brand
Orkla, the Scandinavian consumer goods giant, has announced the acquisition of Havrefras Brand, a breakfast cereal brand from PepsiCo, for an undisclosed sum. Created in 1959, Havrefras brand has been part of PepsiCo’s portfolio since the acquisition of The Quaker Oats Company in 2001. According to sources, this acquisition is in line with Orkla’s strategy […]