USA: Nestle sells majority stake in Blue Bottle Coffee
Nestle, the Swiss food and beverage giant, has agreed to sell its majority stake in Blue Bottle Coffee to the private equity firm Centurium Capital. Based in California, Blue Bottle Coffee is a high-end specialty coffee roaster and retailer that Nestle first acquired in 2017. According to Inside Retail Asia, the purchaser, Centurium Capital, is […]
UK: Hero acquires The Gut Stuff
Hero, the Swiss food manufacturer, has acquired The Gut Stuff, a London-based business specialising in gut health snacks and soft drinks. The Gut Stuff was launched in 2017 by Lisa and Alana Macfarlane to provide accessible information on the gut microbiome. The company’s portfolio includes a range of high-fibre fruit and nut bars, as well […]
UK: Global Brands acquires Skinny Brands
Global Brands, the Chesterfield-based drinks producer, has announced the acquisition of Skinny Brands, a UK specialist in low-calorie and gluten-free alcoholic beverages. The transaction, completed for an undisclosed sum, sees the Skinny Lager, Skinny IPA, and Skinny Fruit Cider brands integrated into the Global Brands portfolio with immediate effect. Global Brands, whose existing line-up includes […]
Belgium: Arvos acquires Pere Olive
Arvos, the global table olive producer, has acquired Pere Olive, a Belgian chilled Mediterranean foods specialist, from the French group Labeyrie Fine Foods. According to Arvos, the transaction will add chilled product capabilities to its existing table olive operations, strengthening its position in the European retail market, particularly in France and Belgium. Pere Olive, founded […]
Turkey: Carrefour exits market with offloading of minority stake
Carrefour, the French multinational retail group, has announced the sale of its 32.25% stake in its Turkish joint venture, CarrefourSA, to the Turkish conglomerate Aydin Group. The transaction is valued at approximately 2.5 billion TRY ($72.4 million). Aydin Group is a prominent local business group that already operates the A101 discount supermarket chain. According to […]
Mexico: Froneri announces strategic partnership with Grupo Herdez
Froneri, the global ice cream manufacturer, has announced an agreement to form a strategic partnership with Grupo Herdez, the Mexican food company, regarding its ice cream business in Mexico. The agreement will see the ice cream business that Grupo Herdez has operated under an exclusive license from Nestle since 2015 integrated into the strategic partnership. […]
Germany: Nestle to return Ankerkraut to founders
Nestle, the Swiss-based food and beverage giant, has reached an agreement to transfer its shares in Ankerkraut, the German spice manufacturer, back to the company’s original founders. The transaction sees the brand return to the control of the founding team, including Stefan and Anne Lemcke. Nestle is divesting its entire majority stake as part of […]
Japan: Suntory to acquire Daiichi Sankyo Healthcare
Suntory Holdings, the Japanese beverage and food giant, has agreed to acquire the consumer health unit Daiichi Sankyo Healthcare (DSHC) from the global pharmaceutical firm Daiichi Sankyo in a deal valued at ¥246.5 billion ($1.55 billion). Suntory, which has previously expanded its global footprint through the acquisition of major consumer beverage brand, stated the move […]
USA: Mark Anthony Group to acquire The Finnish Long Drink
Mark Anthony Group, the Canadian-founded international drinks company, has reached an agreement to acquire The Finnish Long Drink for an undisclosed sum. The Finnish Long Drink, a ready-to-drink (RTD) brand headquartered in the USA, reported sales of approximately 1.8 million nine-litre cases last year. Founded in 2018, the company produces spirit-based sparkling cocktails inspired by […]
Brazil: Ipanema Lacteos acquires Laticinio Na Morada
Ipanema Lacteos, the Brazilian dairy producer, has completed the purchase of Laticinio Na Morada for an undisclosed sum. The transaction, finalised this month, marks the company’s entry into the artisanal and premium cheese segments. Based in Bueno Brandao, Minas Gerais, Laticinio Na Morada owns the Serra das Antas and Chevre D’Or brands. Serra das Antas specialises […]