USA: Bubbies Ice Cream acquired by Marubeni
Bubbies Ice Cream, a Hawaiian firm best known for mochi ice cream, has been acquired by by Marubeni, a leading Japanese trading and investment firm. Founded in 1985, Bubbies Ice Cream is described as being known for its premium positioning and unique flavours, recently venturing into a new frozen category with its Mini Ice Cream […]
UK: Sofina Foods acquires Finnebrogue
Sofina Foods, the Canadian meat processor, has confirmed its acquisition of Finnebrogue, the Northern Ireland-based manufacturer known for its pork and plant-based offerings. The deal adds four production sites and around 1,200 employees to Sofina Foods Europe’s network, bringing its total workforce to over 9,000 across 27 facilities. Finnebrogue’s portfolio includes both raw and cooked […]
Switzerland: Maestrani acquires Belgian chocolatier Delafaille
Swiss chocolate manufacturer Maestrani Schweizer Schokoladen has announced the acquisition of Belgian chocolate manufacturer Delafaille as a part of a succession plan. Founded in 1852 by Aquilino Maestrani, Maestrani has a brand portfolio that includes Munz, Minor, and Avelines. The acquisition includes Delafaille along with its co-packing subsidiary Ostrapack, based in Ostrava, Czech Republic. Commenting on […]
India: Walko Food Company acquires Meemee’s Ice Creams
Walko Food Company, an Indian ice cream and dessert business, has announced the acquisition of domestic peer Meemee’s Ice Creams to extend its reach in urban markets and the direct-to-consumer (D2C) channel. Founded in 2012, Walko Food Company owns a portfolio of brands including NIC, GrameenKulfi, Café Chokolade, Mimo and Cream Pot, known for their […]
Belgium: Danone acquires supplement firm The Akkermansia Company
Danone, the food and beverage multinational, has announced the acquisition of The Akkermansia Company (TAC), a Belgian biotech firm claimed to have nearly two decades of research and development in the field of biotics. Founded in 2004, TAC discovered and developed the biotic strain Akkermansia muciniphila MucT, reportedly shown to strengthen the gut barrier, reduce inflammation […]
USA: Unilever to acquire Dr. Squatch
FMCG giant Unilever has announced that the company has acquired men’s personal care brand Dr. Squatch from growth equity firm Summit Partners. In a press release, Unilever said the addition of Dr. Squatch to the firm’s portfolio was part of its strategy to increase its number of premium and high growth products. Dr. Squatch is described by […]
India: Diageo to acquire Nao Spirits in $15 million deal
Diageo India (USL), a subsidiary of Diageo operating in India, has announced the acquisition of a majority stake in Nao Spirits, an Indian craft distiller, for 130 crore INR ($15.2 million). Founded in 2017, Nao Spirits makes premium Indian spirits using native botanicals. Its range includes Greater Than, India’s first craft gin, and Hapusa, made […]
Spain: Grupo Apex to acquire Super-Mex Foods
Leading Spanish-based snack company Grupo Apex has announced the acquisition of Cadiz-based peer Chavez y Clark, trading as Supermex. Supermex is a producer of tortilla chips, salsas, and seasonings, and is known for its use of the traditional Aztec nixtamalisation method of tortilla manufacture. It operates from a 1,300 sq m production facility, with an […]
USA: General Mills to acquire Gladstone Food Products
US food giant General Mills has announced that it is acquiring the assets of Gladstone Food Products, a producer of packaged foods. Originally founded in Gladstone (MI) in 1967, Gladstone Food Products manufactured taco shells under its own brand name and taco seasoning under the La Tiara brand. The company ceased operations in January, reportedly […]
Saudi Arabia: Almarai to acquire Pure Beverages
Saudi Arabia based dairy firm Almarai has announced that it has signed an agreement to acquire Pure Beverages, a drinking water company based in Saudi Arabia, for 1.040 billion ($277 million). Founded in 1979, Pure Beverages Industry Company claims to produce “bottled water of exceptional quality”, running “high-tech” production plants that align with global standards. The bottled […]