Italy: Gruppo Megamark announces €180 million investment plan
Regional Italian grocery retailer Gruppo Megamark has announced an investment of €180 million ($210 million) to modernise and expand its stores in southern Italy. The two-year business plan will focus on Gruppo Megamark’s primary markets in the Puglia and Campania regions, reportedly creating environmentally sustainable and energy-efficient outlets that will generate around 1,200 direct jobs. […]
Australia: V2Food acquires Daring Foods, partners with Ajinomoto
V2Food, a Australian plant-based food company, has announced the acquisition of Daring Foods, a USA-based plant-based chicken start-up, alongside a strategic partnership with Japanese food giant Ajinomoto. Founded in 2018, Daring Foods established its headquarters in the USA in 2020, offering plain, flavoured, and breaded plant-based chicken such as pieces, wings, patties and ready meals. […]
USA: HF Companies acquires Elmer Chocolate
US-based equity firm Hoffmann Family of Companies (HF Companies) has announced the acquisition of Elmer Chocolate, a leading US producer of heart-shaped chocolates that caters especially to Valentine’s Day and Easter. The company was founded in 1855 and has a manufacturing facility in Ponchatoula (LA). Commenting on the move, HF Companies Co-CEO Geoff Hoffmann said: […]
Nigeria: Coca-Cola to sell Chi
The Coca-Cola Company, the multinational drinks company, has announced that it has entered into an agreement to sell Chi, a leading food and beverage player in Nigeria, to UAC of Nigeria. Founded in 1980, Chi offers a portfolio that includes dairy products, fruit juices, nectars, still drinks and snacks. Hollandia is Nigeria’s market leader in […]
USA: Keurig Dr Pepper to acquire Dyla Brands
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced the acquisition of full ownership of Dyla Brands, a key player in the powdered drink mix and liquid water enhancer business. Dyla Brands’ product portfolio includes natural water enhancer Stur, as well as licensed products under KDP-owned trademarks such as Crush, Hawaiian Punch, […]
Italy: NewPrinces Group acquires Carrefour’s Italian supermarkets
NewPrinces Group, a multinational in the food industry, has announces that it has signed a binding agreement to acquire Carrefour’s Italian supermarkets for €1 billion ($1.17 billion). Following its acquisition of Carrefour Italia, NewPrinces Group will become the second-largest Italian food and beverage group by revenue and the largest employer in the sector, with 13,000 […]
Ireland: Dole to sell fresh vegetables division to Arable Capital
Dole, the Ireland-based fruit and vegetable giant, has announced that certain of its subsidiaries have completed the sale of it fresh vegetable business to Og Holdco LLC, the parent company of Organicgirl LLC, a portfolio company of equity fund Arable Capital Partners, for a sale price of $140 million. The fresh vegetables division has operations related […]
USA: Dairy Farmers of America to acquire W&W Dairy
Dairy Farmers of America (DFA), the farmer-owned global dairy cooperative, has announced the acquisition of Wisconsin based dairy firm W&W Dairy. The acquisition includes the W&W Dairy business, its licensed brands, and the manufacturing facility in Monroe which produces a variety of Hispanic cheese products including queso fresco, cotija, queso blanco, quesadilla, panela and para freir. […]
USA: B&G Foods to sell Le Sueur brand to McCall Farms
Food manufacturer B&G Food has announced the sale of the Le Sueur brand of peas, green beans and carrots to preserved fruit and vegetable specialist McCall Farms for an undisclosed sum. The proceeds from the sale will be used for general corporate purposes including the repayment of long-term debt, the purchase of assets useful in […]
Ireland: Cobblestone Brands acquires whiskey brands from Pernod Ricard
Irish drinks company Cobblestone Brands has announced the acquisition of the Knappogue Castle and Clontarf Irish Whiskey brands from Irish Distillers, a subsidiary of wine and spirits giant Pernod Ricard. Commenting on the move, Cobblestone Brands CEO Brian Fagan said: “We believe deeply in the future of the Irish whiskey category. Despite near-term industry challenges, […]