UK: Diageo offloads majority stake in Guinness Ghana Breweries
Diageo, the UK-based spirits farm, has announced it has sold its 80.4% shareholding in beermaker Guinness Ghana Breweries plc to French wine producer Castel Group. The company said it would retain ownership of the Guinness brand and other Diageo brands, but that these would be licensed to Guinness Ghana Breweries under a new long-term agreement. Diageo […]
USA: Tiger Brands to sell minority stake in Empresas Carozzi
South African consumer goods firm Tiger Brands has announced plans to sell its minority stake in Empresas Carozzi, a Chilean food and drinks manufacturer, to Carozzi, which already has a 75.61% share in the company. Founded 126 years ago, Empresas Carozzi produces grains, confectionery, sauces, baked goods, beverages, ice cream, and pet food that are sold […]
Brazil: JBS acquires 50% stake in egg specialist Mantiqueira
Global meat firm JBS has announced the acquisition of a 50% stake in egg specialist Mantiqueira, entering a new product category in the process. Mantiqueira currently has facilities in six Brazilian states but its products are available in ten more and also exported. Its brands include Happy Eggs and Fazenda da Toca. Commenting on the deal, JBS […]
USA: Ferrero acquires protein snack firm Power Crunch
Confectionery firm Ferrero has announced that it has entered into an agreement to acquire protein snack company Power Crunch from Bio-Nutritional Research Group. Founded in 1996, Power Crunch offers a variety of protein-enhanced products, including snack bars, whey protein powder, and protein crisps, a newly-launched alternative to crisps. Commenting on the move, Ferrero North America president & […]
UK: Bramble Foods acquires Whitakers Chocolates
Bramble Foods Group, a supplier of branded ambient foods, has announced the acquisition of Whitakers Chocolates, a confectionery firm based in the UK county of North Yorkshire. Founded in 2008 , Bramble Foods manufactures confectionery, traditional cakes, and preserves from headquarters in Market Harborough. Backed by investment firm LDC since 2022, the company’s aim is […]
UK: Diageo finalizes agreement to sell Cacique rum brand to Bardinet
Diageo, the UK alcoholic beverages multinational, has announced it has finalized the sale of the rum brand Cacique to Bardinet, a major Spanish spirits company. Cacique is described as a Venezuelan rum brand with a 65-year heritage that is well-loved in Spain, in addition to its domestic market. Commenting on the sale, John Kennedy, Diageo president, […]
India: Hatsun Agro acquires Milk Mantra
Hatsun Agro (HAP), a dairy products manufacturer, has announced the acquisition of Indian peer Milk Mantra for 233 crore INR ($27.5 million). Milk Mantra manufactures milk and dairy products under the Milky Moo brand, and has reportedly established a strong presence in the state of Odisha. The company’s turnover for the financial year 2023-24 was […]
India: Hindustan Unilever acquires beauty brand Minimalist
Hindustan Unilever (HUL), the Indian arm of Anglo-Dutch multinational Unilever, has entered into a definitive agreement to acquire a 90.5% stake in beauty brand Minimalist for 2,955 crore INR ($354.6 million), with plans to acquire the remaining stake in two years. Founded in 2020, Minimalist is described as a rapidly growing digital-first beauty brand offering […]
India: Reliance Consumer Products acquires SIL brand
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced the acquisition of SIL Foods, a packaged food brand, from hospitality firm Food Service India. SIL Foods, once James Smith & Co, is a leading Indian brand offering jams, mayonnaise, baked beans and more. It was acquired by Marico in […]
Netherlands: VE Partners to acquire Inproba
VE Partners, a Dutch private equity firm, has reached an agreement to acquire all shares of Inproba, the Netherlands-based oriental sauces and spices manufacturer. Founded in 1956 and headquartered in Baarn, Inproba is described as a leading European producer of private label products, known for its chilli sauces, sambal and ketjap, employing approximately 200 people. […]