India: Reliance Consumer Products acquires Velvette
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of personal care brand Velvette. Founded in 1980 as a brand of Sujatha Biotech, the Velvette brand is described as being the first to introduce PVC shampoo sachets. The brand’s manufacturing unit is in Kashipur, Uttarakhand. Commenting on the move, […]
Spain: Reina Group to acquire Vital Healthy Food
Reina Group, the Spanish retail and foodservice conglomerate has announced the acquisition of sandwich-maker Vital Healthy Food for an undisclosed sum. Founded in 1993 and headquartered in Manzanares, Ciudad Real, Vital Healthy Food offers filled brioche and empanadas in addition to its core sandwich range According to sources, the acquisition is intended to allow Reina to opening […]
India: Bajaj Consumer Care acquires Vishal Personal Care
Bajaj Consumer Care, a leading Indian hair care manufacturer, has announced the acquisition of Vishal Personal Care, which operates under the Banjara’s hair and skincare brand, for 108.3 crore INR ($13 million). Founded in 1991 in Hyderabad, Banjara is known for its natural solutions with a product portfolio that includes facial kits, herbal powders, and shampoos and […]
USA: Aldi to sell 170 Winn-Dixie And Harveys stores
Aldi, the German retail giant, has announced the sale of 170 Winn-Dixie And Harveys supermarket stores in the US to C&S Wholesale Grocers, a consortium of private investors. Aldi bought 400 Winn-Dixie And Harveys grocery stores and 170 Winn-Dixie liquor stores in 2023 and plans to convert the remaining 220 Winn-Dixie And Harveys stores to […]
Germany: Henkel to divest its retailer brands business in North America
Henkel, the Germany-based personal and household care giant, has announced it has entered into an agreement to sell its Retailer Brands business in North America to an affiliate of First Quality Enterprises, a manufacturer and distributor of hygiene, paper, and packaging products. Henkel said it deemed the Retailer Brands business non-core within the Consumer Brands […]
France: Jay&Joy acquires Les Nouveaux Affineurs
Jay&Joy, a French company specialising in plant-based cheese alternatives, has announced it has acquired its peer Les Nouveaux Affineurs, as well as securing a €2 million ($2.1 million) funding round to support the deal. As part of the acquisition, Jay&Joy will take over a production site in Ivry-sur-Seine, doubling its capacity. It will join its existing portfolio of […]
India: ITC acquires Prasuma to expand in frozen foods
ITC, the Indian conglomerate, has announced that it has entered into an agreement to acquire Prasuma, a leading player in frozen, chilled and ready to cook foods, over a period of three years. Prasuma is described as a specialist in Oriental cuisine offering a diverse range of over 170+ products under the Prasuma, Meatigo and […]
Netherlands: Migros sells SoFine tofu brand to New Originals
Migros, the leading Swiss retailer, has announced plans to sell its meat alternative brand SoFine to The New Originals Company, a leading European tofu producer. Founded in 1963, SoFine makes tofu and soy-based products and has a manufacturing site in Landgraaf, Netherlands. It specialises in organic, and GMO-free products under the SoFine and ProLaterre brands, […]
USA: JM Smucker to offload Cloverhill and Big Texas brands to JTM Foods
US food and beverages manufacturer JM Smucker has announced that it has entered into an agreement to sell its Cloverhill and Big Texas bakery brands, as well as certain private-label products, to ready meals firm JTM Foods for $40 million. As part of the deal, relevant trademarks and licences, the company’s manufacturing facility in Chicago […]
UK: Dean’s of Huntly to acquire Duncan’s of Deeside
UK-based bakery business Dean’s of Huntly has announced the acquisition of shortbread specialist Duncan’s of Deeside for an undisclosed sum, according to report in Just Food and British Baker The deal aims to increase Dean’s of Huntly’s market share in the premium shortbread sector. Commenting on the deal, Dean’s of Huntly managing director Bill Dean said: […]