US: Global Eggs Acquires Hillandale Farms
Global Eggs, a Luxembourg-based egg conglomerate, has reached an agreement to acquire US egg producer Hillandale Farms for $1.1 billion, according to a Reuters report. Global Eggs was established last year and operates Brazil’s Granja Faria and Spain’s Grupo Hevo, acquiring the latter in November. Hillandale Farms, Grupo Hevo, and Granja Faria reportedly generated over $2 billion combined in revenue […]
USA: Conagra Brands to close Michigan plant
Conagra Brands, the leading US food manufacturer, has announced plans to close its pie filling plant in Fennville (MI), with the potential loss of 85 jobs, according to a Just Food report. The closure follows the shutdown of Conagra Brands’ Birds Eye frozen vegetables plant in Beaver Dam (WI), last April, which resulted in 252 workers […]
USA: Bunge to sell European margarines and spreads business to Vandemoortele
Bunge, the leading agri-commodities business, has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a leading European manufacturer and seller of frozen baked goods and plant-based foods. Under the agreement, Vandemoortele will acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, together with its spreads and […]
France: Isigny Sainte Mere to acquire La Maison du Biscuit
Isigny Sainte Mere, a French dairy cooperative manufacturing products such as cream, butter, cheese and infant formula, has announced that it has entered into exclusive negotiations to acquire 90% of the shares in local biscuit manufacturer La Maison du Biscuit. Founded in 1903, La Maison du Biscuit produces artisanal biscuits in Sortosville-en-Beaumont, in France’s Brittany region. […]
USA: Philip Morris to relaunch heated tobacco system IQOS
Philip Morris International (PMI), the leading tobacco firm, has announced a relaunch of its heated tobacco brand IQOS in the US, with an initial roll out in the state of Texas. The IQOS device will be sold for $60, and the tobacco sticks to go along with it at $8. The relaunch is part of PMI’s reported […]
Brazil: Lactalis to invest $55 million to expand dairy production
French based dairy major Lactalis has announced plans to invest R$313 million ($55 million) to expand operations in Brazil’s Parana state. In a statement, the company said the investment would support the establishment of a UHT milk production line at the Londrina facility and expansion of the Carambei plant, increasing its production capacity for yoghurts, […]
USA: Bauducco breaks ground on Florida facility
Brazillian-based biscuit firm Bauducco Foods has announced that the company has broken ground on a new production and distribution facility in the US state of Florida. According to sources, the new 72-acre facility, involving an investment of $200 million, is located in Zephyrhills and will be developed in three stages. The first stage is expected to […]
South Korea: Nestle and Lotte Group to end Lotte-Nestle Korea joint venture
Nestle, the food and drink multinational, and South Korean food group Lotte Wellfood have agreed to end their Lotte-Nestle Korea joint venture by the first quarter of 2026. Initiated in June 2014, the Lotte-Nestle Korea partnership operates as a 50-50 joint venture, manufacturing and distributing Nescafe instant coffee, chocolate powder drinks, fruit powder drinks, pet […]
UK: Cereal Partners UK announces factory closure plans
Cereal Partners UK (CPUK), the Nestle and General Mills breakfast cereals joint venture, has announced plans to close its factory in Bromborough, UK with the loss of up to 300 jobs, ceasing production of private label cereals According to sources, the company is planning to consolidate operations at its site in Staverton, Wiltshire, investing £74 million ($95 million) to expand […]
Netherlands: Unilever to sell The Vegetarian Butcher to Vivera
Unilever, the multinational consumer goods giant, has announced that it has received a binding offer from plant-based company Vivera to acquire De Vegetarische Slager (The Vegetarian Butcher), a Netherlands-based meat substitutes firm. Founded in 2010, The Vegetarian Butcher expanded to 55 countries after Unilever acquired it in 2018. Commenting on the move, Unilever Foods president […]