USA: Post Holdings to sell pasta business to Richardson
US breakfast cereal maker Post Holdings has announced that has entered into a definitive agreement to sell the pasta business of 8th Avenue Food & Provisions to the US arm of Canadian agrifood business Richardson. Richardson will pay $375 million in cash for the business and also assume $80 million in leaseback financial liabilities. The […]
France: Lactalis to acquire Fonterra’s consumer unit in €1.9 billion deal
New Zealand-based dairy firm Fonterra has announced it has agreed to sell its global Consumer business unit and associated businesses to French peer Lactalis for an enterprise value of 3.85 billion NZD ($2.25 billion), subject to shareholder and regulatory approvals. The deal covers Fonterra’s global Consumer business (excluding Greater China), its Consumer brands, the integrated […]
USA: Keurig Dr Pepper to acquire JDE Peet’s, split in two
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Netherlands-based coffee and tea major JDE Peet’s for €15.7 billion ($18.21 billion). This transaction will combine Keurig, North America’s foremost single-serve coffee platform, with JDE Peet’s global coffee brands, building the world’s largest coffee […]
India: Reliance Consumer Products acquires Naturedge Beverages
Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail, has acquired a majority stake in a joint venture with Naturedge Beverages to expand its portfolio with healthier drinks, including herbal natural beverages. Founded in 2018, Naturedge Beverages is described as blending Indian ayurveda with modern drink choices. Its flagship Shunya branded product is a […]
Egypt: Ezdehar Management acquires Kemet
Private equity firm Ezdehar Management has acquired a majority stake in Egyptian snack maker Kemet for Natural Food S.A.E. through its Ezdehar Mid-Cap Fund II. Founded in 1998 in Giza, Kemet specialises in pretzels, with a portfolio featuring Pretzo, Mixy and Munchos, a filled pretzel snack. Its products are exported across four continents, as well […]
UK: Premier Foods to acquire Merchant Gourmet for £48 million
UK food manufacturer Premier Foods has announced the acquisition of Merchant Gourmet, a UK convenience foods brand, for £48 million ($64.6 million). Founded in 1995, Merchant Gourmet is described as having market leading positions in pulses and grains, in addition to offering microwaveable rice and ready meals, with most of its products sold in pouches. Commenting on the […]
Austria: Agrana to acquire Mercator-Emba from Fortenova Group
Agrana, the Austrian food group, has announced that it is acquiring Mercator-Emba, a leading Slovenian food producer serving the food service sector, processors, and retailers, from Croatian food processor and retailer Fortenova Group. Mercator-Emba produces items such as BenQuick instant cocoa and Sladki Greh dessert toppings. Employing around 100 people in Slovenia, the company generated […]
Netherlands: Ahold Delhaize to divest 87 stores in Romania
Dutch retail conglomerate Ahold Delhaize has announced that it has reached an agreement to sell 87 stores in Romania to local supermarket chain Annabella. Annabella, which has over 30 years of history of operating in the Romanian market, has an existing network of 118 shops spread across Argeș, Brașov, Dambovița, Giurgiu, Ialomița, Olt and Valcea counties. The […]
France: Inspired Pet Nutrition to acquire Ultra Premium Direct
Inspired Pet Nutrition (IPN), the pet food company owned by investment funds CapVest and Parquest, has announced it has entered into an exclusivity agreement with French private equity firm Eurazeo SE for the acquisition of Ultra Premium Direct, France’s leading direct-to-consumer pet food company. Founded in 2013, UPD offers vet-developed products through a direct-to-consumer model […]
Philippines: Century Pacific acquires Atlantic Natural assets
Century Pacific, a seafood processor, has announced the acquisition of Atlantic Natural Foods, a plant-based foods company that had filed for bankruptcy protection in April. The deal is for all of Atlantic Natural Foods’ assets, including the Loma Linda ready meal range, Tuno alternative tuna brand, Neat plant-based egg substitute and Kaffree Roma caffeine-free beverages, as […]