USA: Cal-Maine Foods acquires Van’s Foods brand
Cal-Maine Foods, the largest egg company in the USA, has announced the acquisition of certain assets of the Van’s Foods business from Sara Lee Frozen Bakery, a US manufacturer of frozen bakery and dessert products. The acquisition is aimed at supporting Cal-Maine Foods’ strategy to diversify its business model and grow in the prepared foods […]
Italy: Amadori acquires plant-based protein company Unconventional
Amadori, the Italian meat specialist company, has announced its acquisition of the plant-based protein firm Unconventional from Granarolo. Unconventional is an alternative meat business based in Italy. Its product portfolio comprises plant-based meat alternatives, including frozen burgers, sausages, meatballs and fillets. The brand is a market leader in the Italian alternative meat sector and has […]
India: Wingreens acquires Safe Harvest
Wingreens, the Indian packaged food and beverage company, has acquired domestic organic food brand Safe Harvest in an all-stock share-swap deal. Alongside the acquisition, Wingreens has raised 120 crore INR ($14.4 million) in a Series D funding round led by investor Ashish Kacholia, with participation from Alchemy Fund. The company stated that the capital will […]
USA: Danone to close alternative dairy facility in New Jersey
Danone, the French food and beverage giant, has announced plans to close its plant-based milk facility in Bridgeton (NJ). According to media reports, the closure will affect 147 workers and is scheduled to take place by the end of August. The factory manufactures dairy alternatives under the Silk and So Delicious brands. The decision follows a […]
Muller acquires Berief Food
Muller, the Germany-based dairy giant, has acquired Berief Food, a German producer of plant-based foods, for an undisclosed sum. Based in Beckum, Berief Food has been developing and producing plant-based alternatives, including drinks, yoghurts, and tofu based on regional raw materials, for almost 40 years. Following the acquisition, Berief Food will continue to operate as […]
UK: Meatly secures funding for pilot cultivated meat facility
Meatly, the UK-based cultivated meat startup, has completed a £10.4 million ($13.1 million) Series A funding round to build a new 20,000 l production facility in London. The round included participation from Clean Growth Fund, Oyster Bay, JamJar Ventures, Jim Mellon and existing backers Agronomics and Pets at Home. The investment brings Meatly’s total funding […]
India: TMICC expands manufacturing
The Magnum Ice Cream Company (TMICC), the standalone ice cream business formed following its separation from Unilever, is planning to expand its manufacturing footprint in India with the addition of four new factories. The move represents a strategic focus on premium growth and a shift towards dairy-led products within the Indian market. Alongside the manufacturing […]
India: Emami to acquire majority stake in Incnut Digital
Emami, the Indian personal care and FMCG specialist, has entered into an agreement to acquire a 60% majority stake in Incnut Digital, a digital-first beauty and wellness company, for 321 crore INR ($38.4 million). The transaction is structured in two tranches, with Emami initially acquiring a 45.4% stake for 242.9 crore INR ($29.1 million), before […]
South Africa: Beyers Chocolates enters liquidation
Beyers Chocolates, the South African confectionery manufacturer, has been placed under provisional liquidation following a dispute with the retail chain Woolworths. The company, founded by Kees Beyers, has been a supplier of private-label chocolates for the retailer for over 30 years. According to reports from Moneyweb, Beyers Chocolates faced a liquidity crisis after Woolworths reduced […]
Portugal: Delta Cafes to invest €20 million to double production
Delta Cafes, the Portuguese coffee roaster and distributor, is investing €20 million ($21.74 million) to double production capacity at its factory in Campo Maior. The investment, funded by parent company Grupo Nabeiro, is intended to support the firm’s strategic goal of becoming one of the top 10 coffee players in the world within the next […]