USA: Constellation Brands takes minority stake in mezcal firm El Silencio
Constellation Brands, the US wine and spirits firm, has announced it has taken a minority stake in Los Angeles-based mezcal firm El Silencio via its venture capital arm for an undisclosed sum. Available in the varieties Ensamble and Espadin, El Silencio is described as being made using “meticulously picked agaves” which are “roasted, crushed, and […]
France: Cristal Union to close two facilities
Cristal Union, the number two sugar firm in France, has announced plans to close two facilities in response to oversupply and falling prices in the sugar market. Usine Nouvelle reports the firm, which markets the Daddy brand, is to shutter its plants in Toury, Eure et Loir and Bourdon in Auvergne, with more than 300 jobs […]
Italy: Pernod Ricard acquires gin brand Malfy
Pernod Ricard, the leading wine and spirits firm, has announced it has reached an agreement with US spirits distributor Biggar & Leith for the acquisition of the Italian gin brand Malfy. Malfy is described as a range of gins distilled by the Vergnano family in the Italian region of Moncalieri, and is already present in […]
Italy: Newlat acquires pasta firm Delverde
Delverde, an Italian food company specialising in premium-positioned pasta, has been acquired by Italian food company Newlat, according to reports in ESM and Il Sole 24 Ore. Delverde is being acquired from leading Argentine food firm Molinos Rio de la Plata for €9.25 million ($10.45 million), reportedly as part of Newlat’s strategy of acquiring historic […]
Netherlands: Vrumona takes majority stake in Ranja and Limeau brands
Vrumona, a Dutch soft drinks firm, is entering the syrups category with a 51% stake in the cordial brands Ranja and Limeau. Manufactured since 1921, Ranja syrups are available in strawberry, orange, raspberry and reine claude (greengage flavours). They are promoted as “real” and “pure” syrups that are free from artificial sweeteners, colours and preservatives. […]
France: Unilever acquires toothpaste brands from P&G
Unilever, the consumer goods giant, has announced it has signed an agreement to acquire the Fluocaril and Parogencyl oral care brands from P&G, the US FMCG multinational. Fluocaril and Parogencyl are described as therapeutic brands sold in the pharmacy channel, mostly in the Spanish and French markets. Fluocaril offers oral care solutions specialising in protection […]
USA: Central Valley Meat acquires Harris Ranch beef operations
Central Valley Meat, a meat processor founded in 1993, has announced it is to acquire beef firm Harris Ranch, comprising Harris Feeding Company and Harris Ranch Beef Company, for an undisclosed sum. Harris Ranch Beef is described as California’s largest beef producer and the largest ranch on the west coast of the United States. Its retail […]
USA: Campbell Soup to sell Bolthouse Farms
Campbell Soup, a US producer of canned soups and related products, has announced that it has agreed to sell its organic foods division Bolthouse Farms to an affiliate of private equity fund Butterfly Equity for $510 million. Acquired in August 2012, Bolthouse Farms employs around 2,200 staff and is a leading producer of organic beverages, […]
UK: New World Foods acquires Meatsnacks Group
New World Foods, an Australian-based meat jerky firm, has acquired UK peer Meatsnacks Group for an undisclosed sum, according to a Just Food report. New World Foods markets the Mariani and Local Legends brands of meat jerky in its native Australia, as well as Japan, South Korea and the UK through channels including supermarkets, food retailers, […]
Biscuits double up for flavour innovation
The latest innovation insight from Gama Compass MANCHESTER – 15th April 2019: For this month’s Innovation Insight, we look at the rise of ‘two in one’ concepts in the bakery category. Under the spotlight is a recent launch from Fox’s Biscuits that aims to add distinctive ‘double flavour’ variety to the biscuit aisles – Fox’s Double […]