Italy: DayDayCook continues acquisition spree with majority stake in GL Industry
DayDayCook (DDC), the specialist in ready-to-cook and ready-to-eat Asian foods, has announced it has entered into an agreement to acquire 51% of GL Industry, an Italian producer of specialized Asian ready meals. GL Industry sells its products to over 7,000 European retailers under private labels as well as under its own Asiamama and Sushimama brands. The firm currently manages […]
USA: Sprecher Brewing acquires energy drink brand Juvee
Sprecher Brewing, a brewer with German heritage situated in Glendale (WI), has announced the acquisition of energy drink brand Juvee from global gaming and lifestyle firm 100 Thieves to increase its footprint in non-alcoholic drinks. Launched in 2022, Juvee energy drinks are claimed to boost energy, elevate mood, increase focus and improve overall well-being. Commenting […]
Spain: Danone to close yoghurt factory
FMCG giant Danone has announced plans to close its yoghurt factory in Parets del Valls, Spain to enhance “the competitiveness of brands” and bolster “industrial efficiency”. “From this moment on, Danone Spain will work together with the legal representation of the workers to offer the best possible solutions, and minimise the impact on the employees […]
Italy: Monk’s brand acquired by Candy Factory
Candy Factory, a leading Italian confectionery manufacturing group, has acquired Monk’s, a historical brand of balsamic sweets produced by Akellas. Manufactured in the Milan area since 1954, Monk’s candies are marketed in Italy and in some parts of Canada, Switzerland and Japan. With the acquisition, Candy Factory is reportedly aiming to bolster its international presence. […]
India: Tata Consumer Products to acquire Capital Foods and Organic India
Tata Consumer Products, the Indian FMCG conglomerate, has announced the acquisition of food and drinks businesses Capital Foods and Organic India for a reported combined investment of 70 billion INR ($845 million). Tata Consumer Products said the deal was aligned with the company’s strategy to “expand its product portfolio and its target addressable market in […]
UK: Bernard Matthews mulls site closure
UK poultry producer Bernard Matthews has announced plans to close a factory in Great Witchingham, Norfolk that makes cooked meats, with up to 600 jobs potentially affected, according to reports in Food Manufacture and Eastern Daily Press The company has reportedly already ceased production at the plant, having concluded it is no longer commercially viable […]
Australia: V2food acquires ready meal brand Soulara
V2food, a plant-based food company, has announced the acquisition of ready-meal brand Soulara in order to broaden its portfolio, extending its reach from retail and food service to the direct-to-consumer channel. Soulara claims to offer “chef-crafted, plant-based meals” that are made with a diverse range of ingredients and have a small environmental footprint. Commenting on […]
China: PAG Private Equity to acquire majority stake in Food Union Europe
PAG Private Equity, a global investment firm headquartered in Hong Kong, has agreed to acquire a majority stake in Food Union Europe, a Latvia-based producer of ice cream with a presence in six European countries. The fund will obtain shares from the founder and other private stakeholders involved in the transaction. After acquisition, PAG will […]
USA: Molson Coors targets “Dry January” with beer-flavour mints
North American brewing major Molson Coors has launched a limited-edition confectionery product that targets consumers cutting back on alcohol as part of the “Dry January” initiative. Launched under the Miller Lite brand, the company’s beer-flavoured mints went on sale in its online shop from 12th January 2024, packaged in a 32 g tin priced at […]
Switzerland: Nestle to invest $100 million to expand coffee production in Vietnam
Global FMCG giant Nestle has announced an investment of $100 million to expand its Tri An coffee facility in the southern Vietnamese province of Dong Nai. According to the company, the investment will help to meet growing local and international consumer demand for high-quality coffee. The Nestle Tri An factory exports coffee products from brands […]