USA: Post Holdings to close two facilities
US breakfast cereal maker Post Holdings has announced the closure of two if its Post Consumer Brands cereal manufacturing facilities in Cobourg, Canada and Sparks, in the US state of Nevada. The closures are required to reduce capacity in its cereal production network, the company said, noting approximately 300 employees will be affected. “The ready-to-eat cereal category continues […]
Germany: Arla to merge with DMK Group
International dairy company Arla has announced its intention to merge with DMK Group, Germany’s largest dairy cooperative . The merger will create the largest dairy cooperative in Europe with more than 12,000 farmers, ensuring “financial abilities to invest in the future of dairy”, the company said in a statement “The foundation of this partnership is […]
Switzerland: Mondelez to invest in manufacturing facility
USA based snack and confectionery group Mondelez, has announced an investment of 65 million CHF ($80 million) to upgrade its Toblerone chocolate facility in Bern, Switzerland. The investment is being made in the location where Toblerone was founded in 1908, and where around 90% of Toblerone products sold worldwide are still manufactured. A production line that […]
USA: Cal-Maine Foods to acquire Echo Lake Foods
Egg producer and distributor Cal-Maine Foods has signed an agreement to acquire breakfast food manufacturer Echo Lake Foods for approximately $258 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelettes, egg patties, toast and diced eggs. The acquisition will allow Cal-Maine […]
USA: Hershey to acquire snack producer LesserEvil
The Hershey Company, the US confectionery and snacks firm, has announced that has entered into an agreement to acquire LesserEvil, a maker of organic snacks. “Investing in LesserEvil brings a multi-category, better-for-you snacks platform to extend our offerings into new categories and forms, reaching new consumers in more eating occasions,” said Hershey president and CEO […]
USA: Anheuser-Busch to close facility in at New Hampshire craft brewery
Anheuser-Busch, US subsidiary of world-leading brewer AB InBev, has announced the closure of production at its craft brewery in the US state of New Hampshire. The 104,000 sq ft facility, operated by Craft Brew Alliance, produces beer for the Kona and Omission brands. “We understand the impact of this announcement on our people in Portsmouth, […]
USA: Philip Morris to relaunch heated tobacco system IQOS
Philip Morris International (PMI), the leading tobacco firm, has announced a relaunch of its heated tobacco brand IQOS in the US, with an initial roll out in the state of Texas. The IQOS device will be sold for $60, and the tobacco sticks to go along with it at $8. The relaunch is part of PMI’s reported […]
Japan: KKR to sell Seiyu supermarket chain to Trial Holding
Leading investment firm KKR has announced the sale of Japanese supermarket chain Seiyu to retail firm Trial Holding for ¥380 billion ($2.54 billion). Trial Holding is a distribution and retail business on the island of Kyushu with a network of stores offering “everyday essentials”. In 2021, KKR acquired a 65% majority stake in Seiyu from […]
Sweden: Salling Group to acquire Rimi Baltic from ICA Gruppen
Denmark’s largest retailer Salling Group has acquired Rimi Baltic, a retail chain active in the Baltic States, from Swedish grocery retailer ICA Gruppen for €1.3 billion ($1.4 billion), excluding debt. The deal, reportedly the largest in Salling Group’s history, is described as being in line with the ambitions of the company’s Aspire ’28 business strategy, […]
USA: Equity fund Ahimsa acquires plant-based pizza company Blackbird Foods
Plant-based private equity firm Ahimsa has acquired Blackbird Foods, a manufacturer of frozen vegan pizzas and wings, seitan and dairy-free cheese, according to a Just Food report. This is Ahimsa’s third acquisition since its founding last year with the purpose of backing and expanding plant-based food business operating in the US. The acquisition will reportedly allow […]