USA: Paine Schwartz Partners acquires Promix
Paine Schwartz Partners, a private equity firm, has announced the acquisition of Promix, a nutrition and supplements business, Founded in 2014, Promix is known for producing a range of ‘clean’ nutritional products, including supplements, vitamins, meal replacements, and snacks, with a claim of ‘nothing artificial’. The company’s product range, including prebiotics, protein powders, bars, electrolytes, […]
Sweets join the ‘super-protein’ craze
The latest innovation insight from Gama Compass MANCHESTER – 17th December 2024: For our latest Innovation Insight, we return to the omnipresent trend for protein-forward product development, casting a glance at a launch seeking to turn sugar confectionery into a ‘high-fuel’ option – Protein Candy Sweets. Newly launched to the market in North America, and marketed with […]
India: Goyal Salt to invest $9.6 million to build new plant
Goyal Salt, a leader in natural salt production, has announced plans to invest 80 crore INR ($9.6 million) to set up a salt manufacturing facility in Gandhidham, near Kutch, in the state of Gujarat, India. The Gandhidham facility, spread across 12 acres, is intended to add production capacity of 450,000 tonnes and would supplement the […]
Belgium: Vache Bleue Group and Flanders Food Production announce merger
Belgian cheese businesses Vache Bleue and Flanders Food Production (FFP) have announced they are to merge to form European Dairy Company, a new dairy powerhouse with a combined turnover of €500 million ($525 million). Founded in 1927, Vache Bleue specialises in private label and freshly packed cheeses. The company operates three production sites in Belgium, […]
Canada: Furlani Foods to acquire Cole’s Quality Foods
Furlani Foods, a leading US producer of garlic breads, has announced the acquisition of its domestic peer Cole’s Quality Foods. Founded in 1943, Cole’s Quality Foods is described as having “brought” frozen garlic bread to North America and offers products such as Texas toast and breadsticks. The company operates production facilities in Muskegon (MI), and […]
Tradeshow Look Ahead: Sabine Schommer, ISM 2025
Gama spoke to Sabine Schommer, Director, ahead of the latest edition of ISM. What are your expectations for ISM 2025? We’re incredibly excited about the upcoming ISM! With 1,500 exhibitors from 70 countries, it’s set to be an amazing showcase of innovation and creativity in the confectionery and snack industries. What really sets this year […]
Switzerland: Nestle to sell Egmont Honey brand
Nestle, the Swiss consumer goods giant, has announced the sale of its New Zealand based Egmont Honey brand to Huatai International, a Beijing-based private equity fund, after two years of ownership. Founded in 2008, Egmont Honey specialises in manuka honey and sustainable beekeeping practices, exporting its products to more than 20 countries. The move is […]
Egypt: Monoprix to enter market
Monoprix, the French retailer owned by the Casino Group, has announced a partnership with convenience retailer TMT to enter the Egyptian market in 2025. “Monoprix will utilise its expertise in assortment management, store design, and customer experience, while TMT will take responsibility for operations management and adapting to market specifics”, the company said in a […]
UK: Surya Foods acquires Karma Bites
Surya Foods, the leading UK world foods importer and supplier, has announced the acquisition of a majority stake in Karma Bites, a health snack brand. Karma Bites makes popped lotus seed snacks in Himalayan Pink Salt, Peri-Peri, Wasabi, Caramel, and Coconut & Vanilla flavours, white the range described as vegan, gluten-free, non-GMO, and free of […]
Denmark: Dagrofa Group to invest in growth strategy
Dagrofa Group, the parent company of Spar Denmark, has announced its Gro ’27 strategy, a three-year growth plan that includes a 1.3 billion DKK ($182 million) investment in retail, food service, and logistics. Through Gro’27, Dagrofa plans to grow Dagrofa’s market share, achieve 600 million NOK ($182 million) in earnings by 2027, and position Meny […]