France: Apheon acquires frozen food group Alma
Apheon, the European private equity firm, has announced the acquisition of Alma, a newly formed French frozen food group, for an undisclosed sum. Alma was established in April 2026 through the merger of premium frozen Asian snacks manufacturer Foo Seng and meal-components supplier Varachaux. The combined business employs around 115 people and generates around €40 […]
India: Varun Beverages to acquire Devyani dairy, beverage business
VBL Industries (Kenya) Limited (VBL Kenya), a wholly-owned subsidiary of Indian beverage producer Varun Beverages, has entered into a Business Transfer Agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) Limited (DFIL Kenya), an RJ Corp subsidiary Under the terms of the agreement, VBL Kenya will […]
USA: Henkel expands hair care presence with Olaplex acquisition
Henkel, the German consumer goods giant, has completed the acquisition of premium hair care brand Olaplex. Following the fulfilment of all closing conditions and required regulatory approvals, the brand is now fully part of Henkel’s consumer brands business. Olaplex is a premium channel hair care brand with a science-led portfolio spanning professional hair care community channels, […]
USA: Coty signs agreement for early transition of Gucci Beauty license
Coty, the USA-based beauty company, has entered into an agreement to transition the Gucci Beauty license back to Kering for a consideration of approximately $400 million. Under the terms of the agreement, Coty will continue to operate the Gucci Beauty brand until at least 30th June 2027, ending the license approximately one year ahead of […]
Germany: Bayou Best Foods acquires BettaF!sh
Bayou Best Foods, the US-based plant-based seafood manufacturer, has acquired its German peer BettaF!sh to expand its international footprint. Financial terms of the transaction were not disclosed. Founded in 2024, Bayou Best Foods produces plant-based shrimp distributed across the US through foodservice channels. Berlin-based BettaF!sh, part of the Wunderfish company, develops seafood alternatives made using […]
Spain: Royal A-ware to merge with Grupo TGT
Royal A-ware, the dairy organisation, has reached an agreement on the proposed merger with Grupo TGT, one of the largest cheese producers and cheese distributors in Spain and Portugal. The two family-owned businesses are combining their expertise to further strengthen their position in the international cheese market and serve their customers even better. Following the […]
Denmark: Carlsberg and Sapporo to form strategic partnership in Southeast Asia
Carlsberg, the Danish brewing giant, has entered into an agreement with Sapporo, the Japanese beverage company, to form a major strategic joint venture across Southeast Asia and Hong Kong, alongside a partnership in the UK. The joint venture will encompass Carlsberg’s existing operations in Hong Kong, Singapore, Malaysia, Laos, Vietnam and Cambodia, holding perpetual exclusive […]
USA: ACON Investments partners with Fini to acquire YumEarth
ACON Investments, the US private equity firm, has acquired a controlling stake in YumEarth, the US organic confectionery brand, for an undisclosed sum. The acquisition was supported by industry partner Fini, the Spain-headquartered confectionery manufacturer, which will also hold an ownership stake in the business. Founded in 2007, YumEarth specialises in allergy-friendly candy made with […]
Brazil: Hormel Foods to sell Ceratti brand to Zanchetta Alimentos
Hormel Foods, the global branded food company based in the USA, has entered into a definitive agreement to sell its Brazilian operations to Zanchetta Alimentos, a Brazilian food company. Operating under the Ceratti brand, the business offers meats such as mortadella, sausage and salami for the Brazilian retail and foodservice markets. Financial details of the […]
USA: Kroger to acquire Giant Eagle
Kroger, the US retail giant, has signed a definitive agreement to acquire regional competitor Giant Eagle, a US food and pharmacy retailer, in a transaction valued at $1.65 billion. According to a company statement, the transaction consists of $1.25 billion in cash consideration alongside the assumption of approximately $400 million in outstanding liabilities. The deal, […]