India: Agro Tech Foods to acquire Del Monte Foods
Agro Tech Foods (ATFL), a confectionery and snacks firm backed by private equity firm Samara Capital, has announced it has entered into an agreement to acquire Del Monte Foods in a 1,300 crore INR ($156 million) share swap deal with Bharti Enterprises and Del Monte Pacific. Following the acquisition, Del Monte Foods will become a […]
Japan: Meiji launches biscuits with “cacao granules”
Meiji, the Japanese food and pharmaceutical firm, has announced the launch of Well Cacao Spicy Crisp, sweet spiced biscuits made with the company’s “cacao granules” ingredient. Meiji cacao granules are described as a form of cocoa nibs made from cacao beans fermented under controlled conditions to reduce astringency, using a unique process that preserves nutrients […]
Australia: Sanitarium to acquire Nestle’s Vita Brits breakfat cereal brand
Sanitarium, a health food company, has submitted a formal offer to acquire the Vita Brits breakfast cereal brand from food manufacturing giant Nestle. Founded in 1898, Sanitarium produces brands such as Up & Go, So Good, Plantwell, Vegie Delights, and PB Nutrition brands, Vita Brits, which the company already produces for Nestle under a toll […]
Australia: The Original Juice Company, SPC, Nature One Dairy announce merger deal
The Original Juice Company (OJC), an Australian-based business that sells chilled fruit and vegetable juices, has announced plans to acquire SPC Global (SPC) and the powdered milk business Nature One Dairy to create a leading food and beverage company. As part of the transaction, OJC will issue 133 million shares to SPC shareholders, while Nature […]
Australia: Nissin Foods acquires dumpling maker ABC Pastry
Nissin Foods, an instant noodle manufacturer, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Australian frozen dumpling manufacturer ABC Pastry for A$33.7 million ($23.12 million). Founded in 1998, ABC Pastry is a leading manufacturer of frozen dumplings in Australia, offering products under its own brand […]
Australia: Beston Global Food enters voluntary administration
Leading Australian dairy firm Beston Global Food has entered voluntary administration after failing to find a buyer, according to a report in Convenience & Impulse Retailing. The Beston Global Food product range includes cheese, soft dairy and dairy powders, as well as non-dairy products such as bottled water. According to sources, administrators were called in […]
India: Carrefour forms partnership to open grocery stores
French retailer Carrefour has just teamed up with UAE-based retail firm Apparel Group to open retail stores on the Indian market, according to a Business Standard report. Carrefour has formed the strategic franchise partnership in order to open hypermarkets, supermarkets and gourmet stores across India, with sizes ranging from 8,000 to 30,000 sq ft. Although […]
Japan: Meiji to reorganize yoghurt production
Meiji, the Japanese food and pharmaceutical firm, has announced plans to reorganise its production network by building a new plant in Atsugi, Kanagawa and closing three of its existing yoghurt factories. The new plant, covering 17,271 square metres, will be constructed with an investment of ¥40 billion (£279 million). It will produce both plain yoghurt […]
Australia: Saputo to shut down King Island Dairy
Dairy firm Saputo Dairy Australia has announced it is closing down the King Island Dairy cheese production facility and retiring the brand in mid-2025. In a statement, Saputo Dairy Australia said the decision had been taken following an intensive ten-month review of all commercial and financial alternatives for the Dairy, including a potential sale to […]
India: Bikaji acquires 55% stake in Ariba Foods
Bikaji, an Indian snack food company, has announced the acquisition of a 55% equity stake in Ariba Foods, a diversified food company based in Ujjain, Madhya Pradesh, for 60.49 million INR ($7.2 million). Ariba manufactures snacks, savouries and frozen foods like samosas, flatbreads and sweets under the InDine brand, with a presence in India as […]