USA: PepsiCo to acquire prebiotic soda brand Poppi
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Poppi, a fast-growing prebiotic soda brand, for $1.95 billion. Poppi is made with fruit juice, apple cider vinegar, and prebiotics, with less than 5g of sugar per serving, and is available across the US in 14 flavours. Commenting on […]
France: Sicard sells factory to La Boulangere & Co
French-based brioche specialist Sicard has announced the sale of a factory in Saint-Jean-de-Beugne to bakery peer La Boulangere & Co. According to sources, the factory is an 3,000 sq m in size and sits on a 40,000 sq mt plot. Commenting on the decision, Sicard president Véronique Sicard said: “This partial sale is an essential […]
Australia: Entyce Food Ingredients acquires citrus juice brand Naked Rivals
Australian importer and manufacturer Entyce Food Ingredients has announced the acquisition of Naked Rivals, an Australian startup that produces “innovative and sustainable” citrus juice products. In a press release, Entyce Food Ingredients said Naked Rivals produces freshly squeezed lemon and lime juice, free from pits, peel and preservatives, sold in trays of “cubes” that are each said […]
UK: Yeo Valley to acquire The Collective Dairy
Yeo Valley, a leading UK dairy firm, has announced plans to acquire New Zealand-based Epicurean Dairy and its brand The Collective to expand its premium yoghurt range. Founded in 1976, Yeo Valley is an independently-owned dairy producer, operating across five sites in Somerset and Devon and employing over 1,700 people. Commenting on the move, Yeo Valley […]
UK: The Compleat Food Group acquires The Real Yorkshire Pudding Co
The Compleat Food Group, a diversified UK food business, has announced the acquisition of The Real Yorkshire Pudding Co, a leading supplier of chilled Yorkshire puddings, for an undisclosed sum. Founded in 1992, The Real Yorkshire Pudding Co is a leading supplier of own-label and branded chilled Yorkshire puddings and toad in the hole, with […]
US: Sycamore Partners strikes deal to acquire Walgreens Boots Alliance
Walgreens Boots Alliance (WBA), the global pharmacy chain, has announced that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments. “Leveraging WBA’s healthcare expertise and Sycamore’s established leadership in retail and consumer services, WBA will be […]
USA: Core Home acquires boba tea startup Bubluv
Core Home, a manufacturer of housewares and lifestyle products, has announced the acquisition of Bubluv, an Asian boba tea brand, to mark the company’s entry into the food and beverage industry. Described as being free from artificial ingredients, and low in calories and sugar, Bubluv’s flagship bubble tea is described as a shelf-stable drink with milk and […]
USA: Colavita broadens portfolio with Vitelli Foods acquisition
Colavita, a leader in premium Italian specialty foods, has announced the acquisition of Vitelli Foods, the owner of the Luigi Vitelli brand of pasta and canned tomatoes. In a statement, Colavita said the acquisition diversified its offerings and bolstered its position as the third-largest importer of Italian pasta in the US, as well as strengthening […]
Japan: KKR to sell Seiyu supermarket chain to Trial Holding
Leading investment firm KKR has announced the sale of Japanese supermarket chain Seiyu to retail firm Trial Holding for ¥380 billion ($2.54 billion). Trial Holding is a distribution and retail business on the island of Kyushu with a network of stores offering “everyday essentials”. In 2021, KKR acquired a 65% majority stake in Seiyu from […]
Sweden: Salling Group to acquire Rimi Baltic from ICA Gruppen
Denmark’s largest retailer Salling Group has acquired Rimi Baltic, a retail chain active in the Baltic States, from Swedish grocery retailer ICA Gruppen for €1.3 billion ($1.4 billion), excluding debt. The deal, reportedly the largest in Salling Group’s history, is described as being in line with the ambitions of the company’s Aspire ’28 business strategy, […]