Italy: Caffo Group acquires Cinzano vermouth, sparkling wines from Campari
Italian spirit group Campari has agreed to sell its Cinzano vermouth and sparkling wine business, along with Frattina grappa and sparkling wines, to the privately-owned Italian firm Caffo Group in a €100 million ($117 million deal). This strategic move aligns with Campari’s plan to streamline its brand portfolio by offloading non-core assets, the company said in […]
Italy: Pernigotti and Walcor unite in €70 million merger
Italian confectionary companies Pernigotti and Walcor have announced their merger, backed by key shareholders including JP Morgan Asset Management and Invitalia. The newly formed entity boasts €70 million ($82 million) in annual revenue, over 340 employees, and export sales to nearly 50 countries. Operations will continue at existing plants in Novi Ligure and Pozzaglio ed […]
France: Inspired Pet Nutrition acquires pet food processor Sopral
Inspired Pet Nutrition (IPN), the pet food company controlled by investment firms CapVest and Parquest, has agreed to acquire Sopral, a French premium dry pet food manufacturer. Based in Plechatel in the Brittany region, Sopral offers products under the Pro-Nutrition Prestige, Pure Life and Protect brands. The company has a presence in over 50 countries […]
Italy: New Princes Group buys Kraft Heinz baby food business
New Princes Group, the diversified food company formed on Newlat’s acquisition of Princes last year, has announced the acquisition of the Italian baby food business of Kraft Heinz for €120 million ($140 million), according to a report in Grocery Gazette. As a result of the acquisition, New Princes Group will add a range of new brands to it portfolio, […]
Germany: Griesson De Beukelaer invests in Wurzen plant
Griesson De Beukelaer, the German bakery company behind the Prinzenrolle brand, has announced an investment of €100 million ($117.5 million) to expand production capacity for its Griesson Soft Cake brand at its factory in Wurzen, eastern Germany. The investment will go towards constructing a new production hall, a logistics building with an automated high-bay warehouse, […]
France: Kneipp sells Cattier Paris brand
Kneipp, the German natural toiletries firm, has reached an agreement to sell the Cattier Paris brand to an unnamed investment firm based in France, according to a report in Lebensmittel Praxis. Under the terms of the agreement, which was reportedly finalised on 30th June, Kneipp will continue to market the Cattier Paris brand in Germany, […]
USA: Lactalis to invest €75 million in New York facilities
The US-based subsidiary of French dairy giant Lactalis has announced it will invest more than $75 million to upgrade its Walton and Buffalo facilities in New York state, expanding capacity and efficiency. The investment at the two sites, which process over 800 million lb (36o million kg) of raw milk annually, will retain over 800 […]
Switzerland: Alnatura to cease retail operations
Alnatura, the Germany-based organic food retailer, has announced it is ceasing its operations in Switzerland with the closure of its entire network of 25 stores in the country by the end of the year. The decision comes after Swiss retailer Migros announced earlier in the year that it was ending a franchise agreement, in place […]
Italy: Valeo Foods Group acquires Melegatti Cakes
Valeo Foods, a leading European producer of sweets and snacks, has announced the acquisition of Melegatti Cakes, an Italian sweet bakery manufacturer, in line with its strategy to expand in baked treats. Founded in 1894 in Verona, Melegatti has a portfolio that includes the Italian cakes pandoro and panettone, as well as croissants and a variety of […]
USA: Tyson Foods announces $23.5 million upgrade for Kentucky site
Tyson Foods, the leading US meat firm, has announced a $23.5 million investment to expand and modernise its poultry facility in Robards, in Kentucky’s Henderson County . The project is expected to support the retention of over 1,100 jobs and will include new equipment and infrastructure upgrades aimed at boosting production capacity and product diversity. […]