Thailand: Charoen Pokphand Foods acquires 51% stake in Brew Factory
Charoen Pokphand Foods (CPF), the Thai food group, is expanding into bottled water through its subsidiary CPF Food and Beverage Company Limited (CPFFB) by acquiring a 51% stake in local producer Brew Factory Company for 334.7 million THB ($10.14 million). In a filing to the Stock Exchange of Thailand, CPF stated that the deal was […]
USA: Barilla Group to acquire Goodles
Barilla Group, the international food company, has entered into an agreement to acquire Goodles, the US-based boxed mac and cheese brand. Founded in October 2020 as Gooder Foods and based in Santa Cruz (CA), Goodles produces mac and cheese products distributed across major and independent US retailers. Following the transaction, Goodles will continue to operate […]
Ireland: Henkell Freixenet acquires 60% stake in Cassidy Wines
Henkell Freixenet, the international sparkling wine producer, has acquired a 60% stake in Cassidy Wines, the Irish wine distributor. The combined business will operate under the established Cassidy Wines name as part of the Henkell Freixenet group, with the ambition of becoming one of Ireland’s leading wine distribution companies. Cassidy Wines, which possesses almost 50 […]
Australia: PAG agrees to sell majority stake in Cordina Group to OSI
PAG, the alternative investment firm, has signed an agreement to sell its majority stake in Cordina Group as part of a merger with TUROSI, the Australian operations of global food group OSI. The transaction will combine Cordina Group, a poultry producer founded over 80 years ago in Girraween, New South Wales, with TUROSI to form […]
USA: Yellow Wood Partners to acquire Nestle’s Holistic Health supplement platform
Yellow Wood Partners, the US private equity firm, has agreed to acquire the Holistic Health platform from global food manufacturer Nestlé for $1.0 billion. Holistic Health is a global vitamins, minerals and supplements business featuring a portfolio of established brands. The platform includes Nature’s Bounty – the second-largest overall supplement brand and top women’s health brand […]
India: Happy Cultures launches Dubai Kunafa protein supplement
Happy Cultures, the Indian health and wellness company, has launched Dubai Kunafa Yeast Protein, introducing the viral flavour profile into the protein supplement segment. Priced at an RRP of Rs 2,199 ($25.32), the product reportedly combines yeast protein with real pistachios. Each serving provides 24g of yeast protein and is described as featuring a PDCAAS […]
Italy: Pernod Ricard takes full ownership of Italicus
Pernod Ricard, the French wine and spirits multinational, has acquired the remaining shares in aperitif brand Italicus following its initial investment in March 2020. Launched in 2016 by mixologist Giuseppe Gallo, Italicus is a 20% abv super-premium bergamot-infused aperitif made with botanicals such as Sicilian citrus and Calabrian bergamot oranges. It is distilled with lavender, […]
UK: Unilever puts Colman’s up for sale
Unilever, the UK-based consumer goods giant, is seeking a buyer for its Colman’s mustard brand ahead of a planned deal to offload the bulk of its food operations to US food group McCormick. The disposal plan has been initiated to proactively address potential competition concerns from regulators, as McCormick already owns the French’s mustard brand. […]
USA: Sweetmore Bakeries acquires Fantasy Baking
Sweetmore Bakeries, a Chicago-based family of specialty bakeries, has completed the acquisition of Fantasy Baking, a manufacturer of private label and branded sweet baked products. The acquisition marks Sweetmore Bakeries’ sixth facility overall and its first manufacturing site on the West Coast, extending its footprint across the Northeast, Midwest, Southeast, Southwest and West. Following Shore […]
Austria: Obersteirische Molkerei plans integration with Berglandmilch
Obersteirische Molkerei (OM), the Austrian dairy co-operative, is in advanced talks to integrate its operational dairy business into rival co-operative Berglandmilch. According to a letter sent to suppliers, other business sectors of the co-operative, including its hardware stores, forestry and agricultural technology divisions, will not be affected by the restructuring. The management and supervisory boards […]