USA: Ferrero acquires protein snack firm Power Crunch
Confectionery firm Ferrero has announced that it has entered into an agreement to acquire protein snack company Power Crunch from Bio-Nutritional Research Group. Founded in 1996, Power Crunch offers a variety of protein-enhanced products, including snack bars, whey protein powder, and protein crisps, a newly-launched alternative to crisps. Commenting on the move, Ferrero North America president & […]
Botanicals blossoming in food and drink
Insight by Gama Compass MANCHESTER – 31st January 2025: Functional botanical ingredients such as flowers, berries and plant roots continue to blossom in the food and drink sector, the latest Insight By Gama Compass can reveal. This trend for botanicals ties into ongoing demand for wild, ancient and functional ingredients, pared back formulations and premium concepts, as well […]
UK: Bramble Foods acquires Whitakers Chocolates
Bramble Foods Group, a supplier of branded ambient foods, has announced the acquisition of Whitakers Chocolates, a confectionery firm based in the UK county of North Yorkshire. Founded in 2008 , Bramble Foods manufactures confectionery, traditional cakes, and preserves from headquarters in Market Harborough. Backed by investment firm LDC since 2022, the company’s aim is […]
Australia: Nestle to invest A$30 million to upgrade KitKat factory
Nestle, the Swiss consumer goods giant, has announced an investment of A$30 million ($18.9 million) in digital technology and artificial intelligence (AI) at its Campbellfield factory in the Australian state of Victoria to upgrade manufacturing operations and support increased production capacity, especially for KitKat chocolate wafers. Commenting on the move, Nestle general manager confectionery Andrew Lawrey […]
India: Hatsun Agro acquires Milk Mantra
Hatsun Agro (HAP), a dairy products manufacturer, has announced the acquisition of Indian peer Milk Mantra for 233 crore INR ($27.5 million). Milk Mantra manufactures milk and dairy products under the Milky Moo brand, and has reportedly established a strong presence in the state of Odisha. The company’s turnover for the financial year 2023-24 was […]
India: Reliance Consumer Products acquires SIL brand
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of SIL Foods, a packaged food brand, from hospitality firm Food Service India. SIL Foods, once James Smith & Co, is a leading Indian brand offering jams, mayonnaise, baked beans and more. It was acquired by Marico in […]
Netherlands: VE Partners to acquire Inproba
VE Partners, a Dutch private equity firm, has reached an agreement to acquire all shares of Inproba, the Netherlands-based oriental sauces and spices manufacturer. Founded in 1956 and headquartered in Baarn, Inproba is described as a leading European producer of private label products, known for its chilli sauces, sambal and ketjap, employing approximately 200 people. […]
Czech Republic: Dr. Oetker to close production facility
Dr. Oetker, the Germany-based food multinational. has reportedly announced the closure of its sole manufacturing facility in the Czech Republic. In a statement, the company reportedly said that the factory, located in Kladno, was unsuited to modern production demands as there was no possibility for it to be expanded. Dr. Oetker will continue to supply the Czech […]
UK: Saputo to close North Yorkshire facility
Saputo UK, a division of Canadian dairy company Saputo, has announced the closure of its Kirkby Malzeard creamery in North Yorkshire with the potential loss of 80 jobs. Production will be relocated to another Saputo facility in Nuneaton, Warwickshire, where significant investment has reportedly been made to enhance efficiency and reduce costs. The Kirkby Malzeard […]
Egypt: Edita agrees deal to acquire 49% of Tuama Jebur Abbas
Edita, described as a leader in the Egyptian snack food market, has agreed to acquire a 49% staked in Tuama Jabur Abbas, a fellow snack food firm based in Iraq, for a total of $8 million USD. The partnership will establish Edita Iraq and also see Edita acquire two production lines for cakes, as well as one […]