Austria: Agrana to acquire Mercator-Emba from Fortenova Group
Agrana, the Austrian food group, has announced that it is acquiring Mercator-Emba, a leading Slovenian food producer serving the food service sector, processors, and retailers, from Croatian food processor and retailer Fortenova Group. Mercator-Emba produces items such as BenQuick instant cocoa and Sladki Greh dessert toppings. Employing around 100 people in Slovenia, the company generated […]
Netherlands: Ahold Delhaize to divest 87 stores in Romania
Dutch retail conglomerate Ahold Delhaize has announced that it has reached an agreement to sell 87 stores in Romania to local supermarket chain Annabella. Annabella, which has over 30 years of history of operating in the Romanian market, has an existing network of 118 shops spread across Argeș, Brașov, Dambovița, Giurgiu, Ialomița, Olt and Valcea counties. The […]
USA: JBS to acquire, expand production facility in Ankeny
JBS, the global meat producer, has announced plans to invest $100 million to acquire a facility in Ankeny (IA) to establish its largest US ready-to-eat bacon and sausage plant. The facility, spanning 186,000 sq ft, will be transformed to produce fully cooked bacon and sausage products, having previously produced other food items for Hy-Vee stores. Commenting on […]
Denmark: Arla to invest €50 million in Bahrain factory
Arla, the Danish dairy cooperative, has announced plans to invest €50.9 million ($59.6 million) in its Bahrain facility to increase production for its Puck spreadable cheese. The planned €50.9 million ($59.6 million) investment will boost production capacity by about 30%, add warehouse and plant facilities, create 20 new jobs, and incorporate sustainable features such as […]
France: Inspired Pet Nutrition to acquire Ultra Premium Direct
Inspired Pet Nutrition (IPN), the pet food company owned by investment funds CapVest and Parquest, has announced it has entered into an exclusivity agreement with French private equity firm Eurazeo SE for the acquisition of Ultra Premium Direct, France’s leading direct-to-consumer pet food company. Founded in 2013, UPD offers vet-developed products through a direct-to-consumer model […]
USA: Danone launches muscle maintenance weight loss drink
Danone, the dairy giant, has announced the launch of a “first-of-its-kind” cultured dairy drink that features a patented blend of nutrients designed to help build & retain muscle mass during weight loss. Oikos Fusion offers 23g of protein, 5g of prebiotic fibre and vitamins D, B3 and B12 in a lactose-free drink with zero added […]
Philippines: Century Pacific acquires Atlantic Natural assets
Century Pacific, a seafood processor, has announced the acquisition of Atlantic Natural Foods, a plant-based foods company that had filed for bankruptcy protection in April. The deal is for all of Atlantic Natural Foods’ assets, including the Loma Linda ready meal range, Tuno alternative tuna brand, Neat plant-based egg substitute and Kaffree Roma caffeine-free beverages, as […]
Australia: V2Food acquires Daring Foods, partners with Ajinomoto
V2Food, a Australian plant-based food company, has announced the acquisition of Daring Foods, a USA-based plant-based chicken start-up, alongside a strategic partnership with Japanese food giant Ajinomoto. Founded in 2018, Daring Foods established its headquarters in the USA in 2020, offering plain, flavoured, and breaded plant-based chicken such as pieces, wings, patties and ready meals. […]
USA: HF Companies acquires Elmer Chocolate
US-based equity firm Hoffmann Family of Companies (HF Companies) has announced the acquisition of Elmer Chocolate, a leading US producer of heart-shaped chocolates that caters especially to Valentine’s Day and Easter. The company was founded in 1855 and has a manufacturing facility in Ponchatoula (LA). Commenting on the move, HF Companies Co-CEO Geoff Hoffmann said: […]
Nigeria: Coca-Cola to sell Chi
The Coca-Cola Company, the multinational drinks company, has announced that it has entered into an agreement to sell Chi, a leading food and beverage player in Nigeria, to UAC of Nigeria. Founded in 1980, Chi offers a portfolio that includes dairy products, fruit juices, nectars, still drinks and snacks. Hollandia is Nigeria’s market leader in […]