USA: Mondelez International acquires majority stake in Undercover Snacks
Mondelez International, one of the world’s largest snacking companies, has acquired a majority stake in Undercover Snacks, a US-based snack company known for its chocolate-covered and frosted quinoa crisps. The investment marks a new stage of growth for Undercover Snacks, positioning the company to capitalize on growing consumer demand for delicious, better-for-you snacks and permissible […]
UK: Fleury Michon acquires All Plants
Fleury Michon, the French family-owned and independent food company, has announced the acquisition of 100% of the capital of All Plants, a UK plant-based food company specialising in the commercialisation of plant-based products within British mass retail distribution. The acquired business generates an annual turnover of approximately €5 million ($5.7 million) – representing less than […]
USA: I-Tail completes acquisition of Phelps Pet Products
I-Tail, a leading global pet food manufacturer, has completed the acquisition of Phelps Industries LLC, commonly known as Phelps Pet Products, for an enterprise value of $160 million. The acquisition by the Thailand-based company expands its presence in treats and specialty pet nutrition, combining Phelps’s specialization in dog nutrition and its portfolio of air-dried foods […]
Netherlands: Unox sale to Zwanenberg blocked by Dutch regulators
The Netherlands Authority for Consumers and Markets (ACM) has blocked the proposed acquisition of Unilever’s Unox and Zwan brands by Zwanenberg Food Group over concerns that it would lead to higher consumer prices. Announced originally in December 2024, the deal would have caused Zwanenberg’s market share in smoked sausages and cooked sausages to surge, while […]
Canada: High Liner Foods agrees to Umios buyout
High Liner Foods, the Canadian seafood processor, has entered into a definitive arrangement agreement to be acquired by Umios, the Japanese seafood and marine-protein company, for C$27.00 ($19.29) per share in cash. The transaction values High Liner Foods at approximately C$804 million ($575 million) on a fully diluted equity basis and C$1.25 billion ($892.38 million) […]
Spain: Grupo Apex acquires Industrias Marjo
Grupo Apex, the Spanish snacks manufacturer, has acquired Industrias Marjo, a Zaragoza-based distributor with a 50-year history and a leading operator in Spain’s impulse channel. According to the company, the acquisition aims to bring Grupo Apex’s brands closer to points of sale, improve customer service and expand into new sectors such as collective catering, organized […]
Australia: Tribe Breweries acquires craft brewer Black Hops
Tribe Breweries, the Australian beverage producer, has acquired Gold Coast-based craft brewer Black Hops out of voluntary administration for an undisclosed sum. Founded in 2014 in Burleigh Heads, Black Hops entered voluntary administration in March 2024. Following an initial financial restructuring, it reportedly entered administration for a second time in July after an unsuccessful attempt […]
Ireland: Old Canal Quay Spirits acquires Irish Mist from Heaven Hill Brands
The Old Canal Quay Spirits Company, the Dublin-based drinks business, has agreed to acquire the Irish Mist Liqueur brand from Heaven Hill Brands. Created in 1947 at Tullamore distillery in County Offaly, the expression combines Irish whiskey, honey and spices. The sale covers Zilorto Limited, a subsidiary of Heaven Hill Ireland that owns the brand. […]
USA: Constellation Brands acquires SpikedAde
Constellation Brands, the US-based total beverage alcohol company, has expanded its portfolio with the acquisition of alcoholic sports drink brand SpikedAde for a payment of $75 million at close. The transaction includes 100% ownership of the business, alongside contingent consideration of up to $278 million payable over five years based on future performance, according to […]
Germany: Morato Group acquires Jaus Bakery and CEA Italia
Morato Group, the Italian industrial bakery business headquartered in Altavilla Vicentina, has expanded its international footprint by acquiring German company Jaus Bakery alongside its Italian distributor, CEA Italia. The integration brings Morato Group’s consolidated revenue to € 500 million ($540 million), supported by over 1,800 employees and 19 manufacturing plants. The acquisition follows 15 strategic […]