USA: Hormel Foods spins off Justin’s nut butter brand
Global branded food company Hormel Foods has announced plans to separate its Justin’s nut butter and chocolate snack brand through a strategic partnership with Forward Consumer Partners, a private investment firm. As part of the agreement, Forward Consumer Partners will acquire a 51% stake in the business, while Hormel will retain a 49% interest, allowing Justin’s […]
USA: Urban Farmer acquires Caulipower
Urban Farmer, a private-equity-backed producer of plant-based bakery products, has announced the acquisition of Caulipower, the US frozen-food business specialising in cauliflower-based products. Urban Farmer is a portfolio company of Paine Schwartz Partners and a producer of plant-based speciality dough, frozen pizzas, crusts, and bakery products, operating manufacturing facilities in Manteno (IL). Commenting on the move, […]
USA: Kimberly-Clark to acquire Kenvue
US-based household firm Kimberly-Clark has announced the acquisition of leading global consumer health firm Kenvue for $32 billion. Kenvue is described as the world’s leading consumer health company by revenue, housing science-backed brands such as Aveeno, Band-Aid, Johnson’s, Listerine, Neutrogena and Tylenol. Commenting on the move, Kimberly-Clark chairman and chief executive officer Mike Hsu said: “Kenvue […]
Canada: B&G Foods to sell Green Giant and Le Sieur brands to Nortera
B&G Foods, the US-based ambient and frozen foods company, has announced that it has entered into an agreement to sell its Green Giant and Le Sieur frozen brands in Canada to Nortera. According to B&G Foods, the proceeds will be utilised for general corporate purposes, including long-term debt repayment, acquisition of assets relevant to its […]
Germany: Katjes acquires cookie dough business SD Sugar Daddies
German confectionery firm Katjes has announced the acquisition of a 25% stake in SD Sugar Daddies, a leading German cookie dough company and owner of the Cookie Bros brand, through its confectionery division, Katjes Fassin, for an undisclosed sum. In 2018, Katjes Fassin acquired a 10% stake in SD Sugar Daddies, which was later transferred […]
India: Heritage Foods acquires 51% stake in Get-A-Way
Heritage Foods, the Indian dairy firm, has announced the acquisition of a 51% stake in Get-A-Way ice cream maker Peanutbutter and Jelly Pvt Ltd from Sky Gate Hospitality for 9 crore INR ($1 million). Established in 2018, Get-A-Way makes high-protein, no-added-sugar ice creams and desserts, using whey protein and natural sugar substitutes to appeal to […]
USA: PNC Brands Group acquires majority stake in Ice Cream Factory
PNC Brands Group, which provides integrated support for food brands and is the parent company of Pivot North Consulting Group and PNC Specialty Foods, has acquired a majority stake in the US-based, family-owned ice cream business Ice Cream Factory. Founded in 2019, Ice Cream Factory produces handcrafted ice cream sold in thousands of retail outlets […]
UK: Supreme acquires SlimFast UK and Europe from Glanbia
Supreme plc, the diversified consumer goods supplier, has acquired SlimFast’s trade and selected UK and European assets from Glanbia, a worldwide nutrition and food firm, in a £20 million ($26.6 million) deal. Founded in the US in 1977, SlimFast is defined as a leading brand in the weight management sector, recognised for its range of […]
South Africa: Premier Foods to acquire RFG Holdings
UK food manufacturer Premier Foods has announced plans to acquire South African food producer RFG Holdings through a share swap that will see RFG shareholders collectively owning approximately 22.5% of the enlarged Premier Group. Founded in 1896 in Groot Drakenstein, Western Cape, RFG specialises in convenience foods for local and global markets. Its portfolio includes […]
UK: Froneri acquires Food Union’s European ice cream business
Froneri, the ice cream joint venture of Nestle and R&R ice cream, has signed an agreement to acquire Food Union’s European ice cream business, covering all its markets in Denmark, Norway, Estonia, Latvia (excluding dairy), Lithuania and Romania. Food Union is a global food producer and distributor, managing six factories, over 25 brands and more […]