USA: Tropical Cheese acquires Cibao Meat Products to expand refrigerated portfolio
Tropical Cheese, the US-based producer of Hispanic dairy products, has acquired Cibao Meat Products, a manufacturer of Hispanic-style meats, for an undisclosed sum. Based in Perth Amboy (NJ), Tropical Cheese plans to integrate the business as a new division to provide a more comprehensive portfolio of branded Hispanic refrigerated food products across the US East Coast. […]
USA: USK Capital acquires majority stake in Go Raw
USK Capital, the family office of Indian billionaire banker Uday Kotak, has acquired a majority stake in Go Raw, a US-based manufacturer of seed-centric snacks. The transaction, executed through an overseas entity, marks USK Capital’s first international investment and its debut in the consumer goods sector. The stake was acquired from Juggernaut Capital Partners, a […]
USA: Impossible Foods partners with Equii to boost protein content
Impossible Foods, the California-headquartered plant-based meat producer, has entered into a licensing agreement with bread and pasta specialist Equii to bolster its presence in the high-protein food sector. The partnership will allow Impossible Foods to pair its meat alternatives with Equii’s portfolio of protein-enriched products, which includes bread, pasta and baking mixes. The collaboration aims […]
Mexico: Grupo Bimbo strengthens African footprint with Joy Food deal
Grupo Bimbo, the Mexico-headquartered bakery conglomerate, has agreed to acquire Joy Food International, a Moroccan producer of packaged industrial bread, through its Spanish subsidiary Bakery Iberian Investments SL. The transaction involves the purchase of 100% of the share capital and voting rights of the Casablanca-based firm. Founded in 2009, Joy Food International operates a production […]
France: Idak Food Group acquires bakery firm Onore
Idak Food Group, the Swiss premium frozen food firm, has reached an agreement to acquire a majority stake in Onore, the France-based frozen bakery and patisserie specialist. Headquartered in Toulouse, Onore (formerly known as Boncolac) specialises in artisanal frozen desserts, macaroons and savoury snacks. The group operates five production plants in France and two in […]
Italy: Fondo Italiano d’Investimento acquires majority stake in Alimenta Produzioni
Fondo Italiano d’Investimento SGR, the Italian private equity firm, has acquired a majority stake in Alimenta Produzioni, a manufacturer of traditional Italian baked goods and flatbreads. Headquartered in Riccione, Alimenta Produzioni specialises in piadina romagnola and pinsa, a regional flatbread segment that now accounts for 30% of its turnover. The company, which operates three production […]
UK: Aldi expands high-protein product range
Aldi, the UK’s fourth-largest supermarket chain, has significantly bolstered its own-label protein offering with a series of new product launches across its dairy, snack and frozen categories. The expansion includes new additions to the Brooklea brand, such as Protein Chocolate Balls (£1.39 / $1.88), alongside Harvest Morn Protein Balls (69p / $0.94), which the retailer […]
Italy: Olio Piro and Bonini announce merger
Olio Piro, the American producer of Piro extra virgin olive oil, and Bonini, the Italian producer of artisanal balsamic vinegar, have announced a merger to form a new premium condiments entity. The deal brings together two high-end Italian brands to leverage combined expertise in production and distribution. Olio Piro, based in Tuscany, produces a multi-award-winning […]
Italy: Lantmannen acquires Panificio San Francesco
Lantmannen Unibake, the Swedish-based international bakery group, has reached an agreement to acquire Panificio San Francesco, an Italian industrial bakery firm specialising in frozen bread products. Based in Castel Mella, Brescia, Panificio San Francesco operates a single production facility and employs approximately 120 people. The company specialises in the production of pre-baked and par-baked frozen […]
USA: Good Culture secures majority investment from L Catterton
Good Culture, the Austin, Texas-based clean-label cultured dairy brand, has entered into a definitive agreement for a majority investment from L Catterton, the global consumer-focused investment firm, positioning the company for accelerated growth across the USA. According to press statements, Good Culture’s sales have nearly quadrupled over the past three years while the broader cottage […]