USA: Verde Valle Foods acquires A Dozen Cousins
Verde Valle Foods, a producer and distributor of rice, beans and ready meals in a pouch, has announced the acquisition of A Dozen Cousins, a brand focused on ready-to-eat dishes inspired by Creole, Caribbean, and Latin American traditions. Founded in 1967, Verde Valle is a third-generation family firm that owns leading brands such as Verde […]
USA: Kameda transfers ownership of Mary’s Gone Crackers to Dare Foods
Kameda Seika, a Japanese snack firm, has announced that it is divesting its US brand Mary’s Gone Crackers (MGC) to Rosseau Inc, a US subsidiary of Canadian food manufacturer Dare Foods, in a debt-equity swap. Founded in 2004, MGC offers organic, kosher, gluten-free and non-GMO crackers, available at grocery and speciality stores in both the United […]
USA: Danone acquires majority stake in Kate Farms
Danone, the food and beverage multinational, has announced that it has entered into a definitive agreement to acquire a majority stake in Kate Farms, a US-based producer of plant-based, nutritional shakes and formulas for adults and children. Kate Farms shakes are described as containing organic pea protein, fibre and phytonutrients, with no artificial additives or […]
UK: Allied Bakeries, Hovis in merger talks
Associated British Foods (ABF) has confirmed it is in discussions with private equity firm Endless, the owner of Hovis, regarding a possible merger with ABF’s Allied Bakeries business, according to a FoodBev report. In a statement, ABF noted that Allied Bakeries “continues to face a very challenging market”, adding: “We are evaluating strategic options against this […]
Spain: Whitehole to acquire Embutidos Rios
Investment fund Whitehole has acquired Spanish black pudding maker Embutidos Rios with the aim of boosting its presence in the food sector. Founded in 1930, Embutidos Rios has a workforce of 85 and an annual turnover of more than €10 million ($11 million). Commenting on the deal, José Luis L Ríos, Embutidos Rios executive director said: “This collaboration provides […]
Italy: Valeo Foods Group acquires Freddi Dolciaria
Leading European sweets and snacks producer Valeo Foods has announced the acquisition of Freddi Dolciaria, an Italian producer of sweet bakery products. Founded in 1949 and based in Castiglione delle Stiviere, Freddi Dolciaria produces pre-packaged sponge cakes and Swiss rolls and generates nearly €20 million ($22.2 million) in annual turnover. Commenting on the move, Valeo Foods […]
Russia: Magnit takes controlling stake in Azbuka Vkusa
Magnit, a leading Russian retailer, has announced the acquisition of a controlling stake in Azbuka Vkusa, a premium grocery chain, through its subsidiary AO Tander. Azbuka Vkusa operates 171 stores across multiple formats, primarily in Moscow and Saint Petersburg, alongside an online delivery service and catering business. The acquisition also includes five production facilities, three […]
USA: Conagra Brands to sell Chef Boyardee to Hometown Food Company
Leading US food manufacturer Conagra Brands has announced it has entered into an agreement to sell Chef Boyardee, an ambient ready meals brand, to Hometown Food Company, a portfolio company of private equity Brynwood Partners, for $450 million. This transaction includes a manufacturing facility in Milton (PA) and a full range of shelf-stable operations and assets, […]
Portugal: Lactalis to acquire Queijos Tavares
Lactalis, the French dairy giant, has signed an agreement to acquire Queijos Tavares, a Portuguese producer of cow, sheep, and goat cheeses, from Crest Capital Partners. Founded in 1996, Queijos Tavares produces a variety of cheeses under brands such as Seia do Tavares, Serras de Penela, Damar, and Monte da Soalheira. The company is a […]
France: Pernod Ricard completes divestment of wine brands
Pernod Ricard, the wine and spirits major, has announces the successful divestment of strategic international wine brands to Australian Wine Holdco Limited (AWL), a consortium of global institutional investors and the owner of Accolade Wines. The divestment paves the way for the creation of a new global wine company under the name Vinarchy, and will also allows Pernod […]