Netherlands: LT Foods to acquire Global Green Europe
LT Foods, a global food company, has announced that it has signed a definitive agreement to acquire to acquire a 100% stake in Hungary-based preserves firm Global Green Europe for €25 million ($29 million) through its Netherlands-based step-down subsidiary LT Foods Europe Holdings Limited, . Founded in 2006 following the acquisition of the former Intergarden N.V., […]
Switzerland: Coca-Cola HBC acquires controlling stake in Coca-Cola Beverages Africa
Coca-Cola and Gutsche Family Investments (GFI) have announced the sale of a 75% controlling stake in Coca-Cola Beverages Africa (CCBA) to Swiss bottler Coca-Cola HBC for $2.6 billion. CCBA is the largest Coca-Cola bottler in Africa, operating in 14 countries and handling 40% of Coca-Cola’s product volume on the continent. Commenting on the move, Coca-Cola executive […]
Italy: Caffo Group to buy Valle Talloria site from Italian Wine Brands
Italian Wine Brands has announced that its subsidiaries, IWB Italia and Giordano Vini, have signed a binding offer with the Caffo Group to sell the Valle Talloria (Diano d’Alba) business unit. As part of the agreement, the Caffo Group will transfer production operations and the historical archives of the Cinzano brand to this business unit. […]
France: Aux Trois Cigognes buys La Mere Poulard
France-based biscuit maker Aux Trois Cigognes has announced the acquisition of local peer La Mere Poulard. Founded in 1986, La Mere Poulard is based in Mont-Saint-Michel. Its subsidiary, Biscuiterie La Mere Poulard (BLMP), established in 1998 in Maen Roch, produces traditional biscuits from Brittany and Normandy. BLMP generates around €30 million ($35 million) in annual […]
Turkey: Lipton tea facilities to be sold Ozgur Cay
Lipton Teas & Infusions, the tea company owned by investment firm CVC Capital Partners, has announced a deal to sell its Turkish tea production operations to local manufacturer Ozgur Cay, The deal would sea the Netherlands-based business transfer control of two processing facilities in Rize, subject to approval from Turkiye’s Competition Authority. “An agreement has been reached […]
Saudi Arabia: Windoria acquires Al-Fursan
Windoria, a food company created through the merger of La Doria and Winland Foods and indirectly owned by Investindustrial-affiliated funds, has entered into an agreement to acquire Saudi Arabia sauce maker Al-Fursan. Al-Fursan, along with its subsidiaries Al-Faris Al-Arabi Trading Ltd. Co. and Al-Faris Food Industries Ltd. Co., manufactures and distributes sauces, condiments and other […]
Finland: Olvi Group to acquire Varska Originaal
Finnish beverage company Olvi Group has announced the acquisition of Estonian mineral water producer Varska Originaal. Founded in 1993, Varska Originaal is a mineral water producer that also has infused and functional waters in its portfolio. The company employs around 70 people, and in 2024 its production volume reached 45 million litres. Commenting on the […]
USA: Heineken to acquire FIFCO’s beverage and retail businesses
Multinational Dutch brewer Heineken has announced that it has entered into binding agreements with its long-term partner Florida Ice and Farm Company (FIFCO) to acquire the remaining 75% of Distribuidora La Florida, as well as FIFCO stakes in certain other businesses, for $3.2 billion. Heineken’s stake in Distribuidora La Florida, encompasses its beverages, food, and […]
USA: Louisville Vegan Jerky acquired by Louisville Brands
Equity fund Render Capital has announced that Louisville Vegan Jerky Company, part of its Fund 1 portfolio, has been acquired by Louisville Brands, an expanding group of consumer packaged goods businesses. Louisville Vegan Jerky is reportedly a leading plant-based snack jerky brand, outselling both meat and non-meat rivals in Whole Foods stores across the US. […]
France: Agrial, Terrena mulling ‘strategic merger’
Agrial and Terrena, the French agri-food cooperatives, have announced plans for a “strategic merger”, with talks described as being “at the proposal stage”. In a statement, the two companies cited “repeated crises”, persistent inflation and increased competition as factors in the potential merger. “By pooling our expertise and innovation capabilities, this project will also enable […]