Netherlands: Consortium acquires Wessanen in €885 million deal
Dutch food business Wessanen, the owner of brands such as Kallo, Whole Earth, Bjorg and Mrs Crimble’s, has announced it has been acquired by a consortium comprising the private equity firm PAI Partners and Charles Jobson (Wessanen’s largest shareholder) for a total consideration of around €885 million ($996 million). The acquisition will enable Wessanen to […]
Italy: Granarolo acquires majority stake in Venchiaredo
Granarolo, an Italian dairy company based in Bologna, has announced it is acquired a majority stake in Venchiaredo, a specialist maker of stracchino cheese. Founded in 1968, Venchiaredo has a product range that includes Venchiaredo stracchino cheese, Friulan stracchino, and Venciaredo Fresh. The company reported turnover of €26.9 million ($30.42 million) in 2018, up 18% […]
USA: Taylor Farms buys Earthbound Farm from Danone
Taylor Farms, a maker of salads and fresh foods, has acquired US organic salad business brand Earthbound Farm from international dairy giant Danone for an undisclosed sum. Earthbound Farm is described as the largest producer of organic salads in the US and had annual sales of around $400 million in 2018. In a statement, Taylor […]
UK: Unilever to launch layered Carte D’Or ice cream
Unilever, the Anglo-Dutch consumer goods giant, is set to expand its Carte D’Or range in the UK with the launch of new layered ice creams featuring cake and biscuit pieces. Said to be backed by a marketing investment of £3 million ($3.9 million), the new range comes in the varieties Brownie and Vanilla, Sea Salted […]
USA: Fairlife to build new facility in Arizona
Fairlife, the dairy firm formed as a joint venture between Coca-Cola and Select Milk Partners, has announced plans to expand its manufacturing capacity by building a new production and distribution facility in Goodyear, AZ with a $200+ million investment. The firm said the 300,000 sq ft plant, which is set to begin operations in 2020, […]
USA: Lone Star Gold acquires Good Hemp
Lone Star Gold, a manufacturer and distributor of natural and functional hemp derived beverages, has announced the acquisition of Good Hemp, a hemp-derived CBD-infused drinks brand based in Colorado. Good Hemp products have been sold throughout the USA since 2016 via Amazon, as well as through local retailers. The product line includes Good Hemp 2oh!, described as a […]
USA: Maple Leaf Foods to build $310 million factory for plant-based foods
Maple Leaf Foods has revealed plans to build a plant-based protein food processing factory in Shelbyville, Indiana with a $310 million investment. At approximately 230,000 sq ft, the new plant will be the largest facility and investment of its kind in North America, the company said in a press release. Maple Leaf Foods added that […]
UK: Tulip invests in Lincolnshire site
Tulip, the meat firm owned by Danish Crown, is set to invest £2.3 million ($3 million) to upgrade a production facility in Ruskington, UK in response to increased demand for its snack products, according to reports in FoodBev and the Sleaford Standard. Tulip said the investment would allow the creation of a new “specialist snacking […]
France: Unilever acquires Garancia
Unilever, the consumer goods giant, has announced it is expanding further in the premium skincare category with the acquisition of derma-cosmetic firm Garancia for an undisclosed sum. Sold mainly in pharmacy channels and through selective retail distribution, Garancia offers 38 facial and body skincare products that are claimed to feature “clean and effective formulas combined with […]
Germany: Atlantic Grupa sells sports, functional food business to Genuport
Atlantic Grupa, a Hungarian manufacturer of food and beverages, has announced it has sold its sports and functional nutrition division to the German food and beverage trading business Genuport for an undisclosed sum. The transaction includes Multipower, described as one of the European leaders in the sports and functional food market, with a range of […]