USA: Urban Farmer acquires Caulipower
Urban Farmer, a private-equity-backed producer of plant-based bakery products, has announced the acquisition of Caulipower, the US frozen-food business specialising in cauliflower-based products. Urban Farmer is a portfolio company of Paine Schwartz Partners and a producer of plant-based speciality dough, frozen pizzas, crusts, and bakery products, operating manufacturing facilities in Manteno (IL). Commenting on the move, […]
USA: Kimberly-Clark to acquire Kenvue
US-based household firm Kimberly-Clark has announced the acquisition of leading global consumer health firm Kenvue for $32 billion. Kenvue is described as the world’s leading consumer health company by revenue, housing science-backed brands such as Aveeno, Band-Aid, Johnson’s, Listerine, Neutrogena and Tylenol. Commenting on the move, Kimberly-Clark chairman and chief executive officer Mike Hsu said: “Kenvue […]
USA: Fresca Foods partners with Cerealto
Fresca Foods, a co-manufacturer of natural and organic snacks, has announced a strategic partnership with Cerealto, a leading contract producer of biscuits, cereals and snack bars in Europe, the UK and Mexico. Founded and headquartered in Colorado, Fresca Foods co-manufactures for the US and global brands across five major categories: snack bars, granola, breakfast cereals, […]
India: Varun Beverages announces Carlsberg Africa JV
Varun Beverages, PepsiCo’s bottling partner in India, has announced it has entered into an exclusive distribution agreement with Carlsberg for the distribution of alcoholic beverages in Africa, and to this end will establish a wholly owned subsidiary in Kenya. In a statement, Varun Beverages said: “We are incorporating a wholly-owned subsidiary in Kenya under Varun […]
Canada: B&G Foods to sell Green Giant and Le Sieur brands to Nortera
B&G Foods, the US-based ambient and frozen foods company, has announced that it has entered into an agreement to sell its Green Giant and Le Sieur frozen brands in Canada to Nortera. According to B&G Foods, the proceeds will be utilised for general corporate purposes, including long-term debt repayment, acquisition of assets relevant to its […]
Denmark: Orkla to close Dragsbaek pasta factory
Orkla, the Scandinavian consumer goods giant, has announced plans to close its Skovlund pasta plant, which currently produces goods for the Dragsbaek brand. In a statement, the company said it intends to move production to a different location. The Skovlund plant has been under Orkla’s ownership and management in recent years, and Dragsbaek has played no role […]
Germany: Katjes acquires cookie dough business SD Sugar Daddies
German confectionery firm Katjes has announced the acquisition of a 25% stake in SD Sugar Daddies, a leading German cookie dough company and owner of the Cookie Bros brand, through its confectionery division, Katjes Fassin, for an undisclosed sum. In 2018, Katjes Fassin acquired a 10% stake in SD Sugar Daddies, which was later transferred […]
India: Heritage Foods acquires 51% stake in Get-A-Way
Heritage Foods, the Indian dairy firm, has announced the acquisition of a 51% stake in Get-A-Way ice cream maker Peanutbutter and Jelly Pvt Ltd from Sky Gate Hospitality for 9 crore INR ($1 million). Established in 2018, Get-A-Way makes high-protein, no-added-sugar ice creams and desserts, using whey protein and natural sugar substitutes to appeal to […]
USA: PNC Brands Group acquires majority stake in Ice Cream Factory
PNC Brands Group, which provides integrated support for food brands and is the parent company of Pivot North Consulting Group and PNC Specialty Foods, has acquired a majority stake in the US-based, family-owned ice cream business Ice Cream Factory. Founded in 2019, Ice Cream Factory produces handcrafted ice cream sold in thousands of retail outlets […]
UK: Supreme acquires SlimFast UK and Europe from Glanbia
Supreme plc, the diversified consumer goods supplier, has acquired SlimFast’s trade and selected UK and European assets from Glanbia, a worldwide nutrition and food firm, in a £20 million ($26.6 million) deal. Founded in the US in 1977, SlimFast is defined as a leading brand in the weight management sector, recognised for its range of […]