USA: Conagra Brands to sell Mrs Paul’s and Van de Kamp’s frozen fish brands to High Liner Foods
Conagra Brands, a leading US food manufacturer, has announced that it has entered into a definitive agreement with High Liner Foods, a Canadian processor and marketer of frozen seafood, to sell its Van de Kamp’s and Mrs. Paul’s frozen seafood brands for $55 million in cash. Mrs Paul’s and Van de Kamp’s dominate the US […]
Norway: Refresco to acquire Telemark Kildevann
Refresco, the independent drinks bottler, has announced that it has entered into an agreement to acquire Telemark Kildevann (“TKV”), a leading Norwegian beverage manufacturer. TKV is a family-owned manufacturer of soft drinks and bottled water, operating two production sites in Norway. It supplies both retailers and branded customers across Norway and Sweden. Commenting on the […]
UK: L’Oreal to acquire a majority stake in Medik8
Personal care giant L’Oreal has announced that it has signed an agreement to acquire a majority stake in the UK skincare brand Medik8 to strengthen its Luxe portfolio. Founded in 2009 by Elliot Isaacs, Medik8 offers a range of products including serums, moisturisers, cleansers and toners. The company markets its products through direct-to-consumer (DRC) channels, professional clinics, […]
USA: Post Holdings acquires 8th Avenue
Post Holdings, a leading consumer packaged goods holding company, has announced a definitive agreement to acquire 8th Avenue, a diversified food manufacturer. Under the agreement, Post will eliminate 8th Avenue’s outstanding net debt and acquire all equity interests for a net payment of approximately $880 million. 8th Avenue specializes in branded and private label dry […]
USA: B&G Foods to sell Don Pepino and Sclafani brands to Violet Foods
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Don Pepino and Sclafani brands of sauces and canned tomatoes to Violet Foods, a newly formed portfolio company of equity fund Amphora Equity Partners. In 2010, B&G acquired Sclafani, Don Pepino and Violet through its purchase of Violet Packing […]
UK: Ineos to sell consumer healthcare, homecare venture Ineos Hygienics
Ineos, a global leader in chemicals, has announced the sale of Ineos Hygienics, its healthcare and homecare venture, to SKG Capital Partners, a Middle Eastern-based family investment firm. Founded in 2020 during the Covid-19 pandemic in an effort to meet demand for hand sanitiser, Ineos Hygienics has developed into a leading brand offering a wide range of […]
Australia: Australian Vintage acquires MadFish wine brand in global markets
Australian winery Australian Vintage has announced that the company entered a strategic partnership with Burch Family Wines to acquire international ownership of the brand MadFish, a wine brand from Western Australia. In a press release, the company said it would become the exclusive distributor of Howard Park Wines in the UK, Ireland, Europe and Canada, whilst […]
Australia: Nutifood, ViPlus Dairy unite to create joint venture
Nutifood, a Vietnamese dairy firm, has partnered with its Australian peer ViPlus Dairy to form the international joint venture ViPlus Nutritional Australia and associated dairy brand GippsNature. The brand will blend the natural resources of Australia’s Gippsland region with scientifically validated nutrition, to support health and growth across all life stages, the two companies said. […]
India: Rasna acquires Jumpin drinks brand from Hershey
Rasna, a manufacturer of instant beverages, has announced the acquisition of soft drinks brand Jumpin to expand into India’s growing ready-to-drink (RTD) market. Launched by Godrej as India’s first drink in Tetra Pak cartons, and later acquired by Hershey, Jumpin was known for its non-carbonated beverages. It was withdrawn during the Covid-19 pandemic, after reaching annual revenues […]
USA: Chobani acquires Daily Harvest
Chobani, the leading US greek yoghurt firm, has announced the acquisition of Daily Harvest, a plant-based frozen smoothie and meals start-up, for an undisclosed amount. Founded in 2015, Daily Harvest is a New York-based company operates through a direct-to-consumer model, aiming to provide convenient, organic options rich in fruit and vegetables. Commenting on the move, Daily […]