Australia: Reliance Consumer Products to acquire majority stake in Nexba
Reliance Consumer Products Limited (RCPL), the FMCG arm of the Indian conglomerate Reliance Industries, has reached an agreement to acquire a controlling 75% stake in Goodness Group Global, the Australian parent company of functional drinks brand Nexba. The deal is valued at approximately A$25.4 million ($16.6 million), according to documents shared with the company’s crowdfunding […]
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 […]
Spain: Grupo MAS expands Andalusian footprint with Maskom acquisition
Grupo MAS, the Seville-based food distribution group, has reached an agreement to acquire the Malaga-based supermarket chain Maskom as part of its ongoing regional expansion strategy. The deal adds 54 stores across the provinces of Malaga, Seville and Cadiz to the Grupo MAS network, which previously operated over 200 outlets under the Supermercados MAS, MAS&Go […]
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 […]
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 […]