Sweden: Ingka Group takes majority stake in The Green Dairy
Ingka Investments, the investment arm of the IKEA retailer Ingka Group, has acquired a majority stake in the Swedish plant-based manufacturer The Green Dairy for 80 million SEK ($8.6 million). Based in Karlshamn, The Green Dairy is a specialist producer of liquid plant-based dairy alternatives made primarily from oats and fava beans. The company operates […]
USA: Laird Superfood to acquire Navitas
Laird Superfood, the US manufacturer of plant-based functional foods, has entered into a definitive agreement to acquire Navitas, the organic “superfood” brand, for $38.5 million in cash. The transaction, which is expected to close in the first quarter of 2026, will be funded through a $50 million private placement of Series A Convertible Preferred Stock […]
South Africa: Varun Beverages to acquire Twizza in $54 million deal
Varun Beverages, the India-based bottling partner for PepsiCo, has entered into a binding agreement to acquire a 100% stake in Twizza, a South African carbonated soft drinks manufacturer, for an enterprise value of 1.47 billion ZAR ($54.1 million). Twizza Beverages, a prominent player in the South African market, operates manufacturing facilities in Queenstown, Middelburg and […]
USA: Trinchero Family Estates acquires Mumm Napa from Pernod Ricard
Trinchero Family Estates, the US-based wine and spirits producer, has agreed to acquire Mumm Napa, a leading premium sparkling wine brand, from the French beverage giant Pernod Ricard. Based in the Napa Valley, Mumm Napa is known for its portfolio of Methode Traditionnelle sparkling wines. The acquisition includes the brand itself, its inventory, and its […]
Italy: Campari divests Averna and Zedda Piras brands
Campari Group, the Italian spirits manufacturer, has agreed to sell its Averna and Zedda Piras liqueur brands to compatriot firm Illva Saronno for €100 million ($117 million). The transaction involves the sale of Amaro Averna, a historic Sicilian herbal liqueur founded in 1868, and the Sardinian myrtle liqueur Zedda Piras. According to Campari, the deal […]
India: Reliance strengthens staples portfolio with Udhaiyam acquisition
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods arm of Reliance Industries, has acquired a majority stake in the Tamil Nadu-based food firm Udhaiyam. Operating under its namesake brand, the Chennai-based company has a history spanning over three decades and is estimated to be a 6.68 billion INR ($80 million) business. Its portfolio includes […]
Japan: Asahi to acquire controlling stake in East African Breweries from Diageo
Asahi, the Japanese beverage giant, has agreed to acquire a controlling stake in East African Breweries (EABL) from the UK-based spirits firm Diageo in a deal valued at $2.3 billion. Under the terms of the agreement, Asahi will acquire Diageo Kenya Ltd, which holds a 65% shareholding in EABL, alongside a 53.68% direct stake in […]
Norway: Olvi Group expands Nordic footprint with majority stake in Brewery International
Olvi Group, the Finnish multi-beverage manufacturer, has agreed to acquire a 51% majority stake in Brewery International, a leading importer of premium drinks in Norway and Sweden. The transaction, which includes an option to acquire the remaining shares at a later date, is expected to close in January 2026. Brewery International operates as a specialist […]
Italy: Valsoia moves into kefir market with Kele & Kele stake
Valsoia, the Italian health food specialist, has entered the European kefir market by acquiring a 70% stake in the Slovenian producer Kele & Kele. The transaction values the Slovenian company at an enterprise value of €5.4 million ($5.9 million), with Valsoia paying an initial €3 million ($3.3 million) for the majority interest. Effective from 3rd […]
India: Honasa Consumer acquires formulation firm CosmoGenesis Labs
Honasa Consumer, the Indian personal care firm and parent company of brands such as Mamaearth and The Derma Co, has acquired the assets of CosmoGenesis Labs for 40 million INR ($479,000). Thane-based CosmoGenesis Labs is a specialist in cosmetic formulation and development, having supported over 5,000 personal care formulations for businesses in India. The acquisition […]