Netherlands: Heineken sells DR Congo operations
Heineken, the Dutch brewing company, has announced the sale of its shareholding in Brasseries, Limonaderies et Malteries SA (Bralima), its operating company in the Democratic Republic of Congo (DRC). The stake has been acquired by ELNA Holdings Ltd, a Mauritius-based investment firm, which will assume full responsibility for Bralima’s operations, including production, distribution and its […]
USA: Unilever to acquire Gruns
Unilever, the UK-based consumer goods giant, has signed an agreement to acquire Gruns, a USA-based producer of whole-food gummy supplements. The acquisition of Gruns, a vitamins, minerals and supplements (VMS) company founded in 2023, marks a further expansion of Unilever’s Wellbeing business. According to the company, Gruns is a leading player in the USA greens […]
Canada: CH Guenther & Son acquires Les Aliments Mejicano
CH Guenther & Son (CHG), the US-based commercial baking and food manufacturing company, has announced the acquisition of Les Aliments Mejicano, a Canadian producer of flour tortillas. Based near Montreal, Quebec, Les Aliments Mejicano manufactures a variety of flour tortillas for retail, foodservice and private-label customers. According to the company, the acquisition is intended to […]
USA: Valley Milk, Rizo family form Francisco Foods to acquire Rizo-Lopez assets
Valley Milk, a California-based dairy ingredient producer, has partnered with the Rizo family to establish Francisco Foods LLC, a joint venture that will acquire the assets of Rizo-Lopez Foods out of bankruptcy. The newly formed entity is set to take control of Rizo-Lopez’s production facility in Modesto (CA), alongside its portfolio of brands, which includes […]
Saudi Arabia: BinDawood Holding to acquire 51% stake in Vaza Food
BinDawood Holding, the Saudi Arabian retail group, has signed a binding agreement to acquire a 51% majority stake in Vaza Food Company for 217.5 million SAR ($58 million). The transaction is being executed through Future Retail for Information Technology Co, a wholly-owned subsidiary of BinDawood Holding, according to a disclosure on the Saudi Exchange (Tadawul). […]
USA: Heck family reacquires Kenwood Vineyards
Pernod Ricard, the French spirits and wine group, has completed the sale of Kenwood Vineyards to the Heck family, the owners of Korbel Champagne Cellars. The transaction marks the return of the Sonoma-based winery to the Heck family, who previously owned the brand for 18 years between 1996 and 2014. Founded in 1970, Kenwood Vineyards […]
India: Emami to acquire Axiom Ayurveda for $24 million
Emami, the Indian personal care and healthcare group, is to acquire the remaining 73.5% stake in Axiom Ayurveda in a deal valued at up to 2 billion INR ($24.1 million). Axiom Ayurveda, the Indian health and wellness company, is the manufacturer of the AloFrut brand, which specialises in aloe vera-based fruit juices. According to reports […]
Australia: Pure Foods Tasmania acquires Brilliant Food Australia
Pure Foods Tasmania, the Australian food and beverage producer, has entered a binding agreement to acquire Sydney-based seafood brand Brilliant Food Australia. The all-share transaction is valued at A$300,000 ($207,000), to be satisfied through the issuance of 7.5 million shares at A$0.04 ($0.027) each. Additionally, the vendor has agreed to subscribe for a further A$200,000 […]
Sweden: Paulig to sell Risenta to Midsona
Paulig, the Finnish family-owned food and drink company, has entered into an agreement to sell its Swedish subsidiary Risenta to Midsona, a Nordic leader in health and well-being products. Risenta, which specialises in plant-based food products such as muesli, seeds, flour and snacks, was founded in 1940 and has been part of the Paulig Group […]
USA: Constellation Brands to fully acquire HOP WTR
Constellation Brands, the USA beverage alcohol producer, has announced an agreement to acquire the remaining interest in the non-alcoholic brand HOP WTR. The deal, for an undisclosed sum, is expected to close this April. HOP WTR produces calorie-free sparkling water infused with hops, adaptogens and nootropics. The brand has been part of the Constellation Brands […]