USA: Ferrero-related company to acquire Nonni’s bakery
CTH Invest, a Belgian holding company associated with Ferrero, has announced the acquisition of Nonni’s Bakery from Vestar Capital Partners, a leading US middle-market private equity firm. Founded in 1869, Nonni’s Bakery is described as a manufacturer of premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. […]
Canada: Valeo Foods acquires maple syrup maker Appalaches Nature
Valeo Foods, the Irish food firm, has announced the acquisition of Appalaches Nature, a Canadian maple syrup business, marking its second acquisition both in North America and in the maple syrup sector. Founded in 2018, Appalaches Nature is a supplier of maple syrup to European, Canadian, and U.S. markets, operating from a 100,000 sq ft […]
Canada: Fresh Hemp Foods buys snack brand The Humble Seed
Fresh Hemp Foods, owner of the Manitoba Harvest brand and a leader in hemp-based foods, has announced the expansion of its wellness foods portfolio with the acquisition of The Humble Seed, a US-based snack brand. Founded in 2022, The Humble Seed is a manufacturer of crackers with “super seeds”, including hemp. The crackers are grain-free, […]
USA: Morinaga to build $130 million facility in North Carolina
Japanese confectionery firm Morinaga has announced plans to invest $130 million to build a new manufacturing facility in Mebane (NC). Spanning an area of 132,633 sq ft, the new facility will become the company’s second in North America and is projected to create 200 jobs. The new facility is intended to boost production capacity for […]
Canada: Regal Confections acquires Mondoux
Regal Confections, a leading distributor of global confectionery brands, has announced the acquisition of fellow Canadian sweets brand Mondoux. Founded in 1967 and headquartered in Quebec province, Mondoux owns leading brands such as Sweet Sixteen, Giacomo and Yoma, and has over 200 employees, as well as more than 115,000 sq ft of facilities. Commenting on […]
USA: Smithfield to close Iowa facility
US food firm Smithfield Foods has announced the closure of a facility in Altoona (IA) that carries out ham boning. In a press release, the firm said it planned to consolidate production volume at other locations to improve the efficiency of its manufacturing operations. The facility’s 314 employees will be provided with transition assistance, including […]
USA: Home Market Foods acquires plant to boost meat production
Home Market Foods (HMF), a leading US food manufacturer, has announced that it has acquired a former pasta production plant in South Windsor (CT) for an undisclosed sum, with the intention of turning it into a state-of-the-art meat processing facility. HMF said it planned to invest $70 million to upgrade the site and equip it […]
Fungi shake up yoghurt alternatives
The latest innovation insight from Gama Compass MANCHESTER – 28th June 2024: Fermentation and ‘non-animal dairy’ remain two of the hottest trends in the food industry. Our latest Innovation Insight focuses on a novel fungi-based dairy analogue that sees these two trends collide – Nature’s Fynd Dairy-Free Yoghurt. Boasting “all the creaminess” of a conventional yoghurt in a […]
USA: SunOpta invests $26 million to expand oat milk capacity
SunOpta, a multi-national food and drinks company, has announced it has completed a $26 million expansion at its Modesto, California facility to increase annual production of oat milk by more than 60%. The company stated that its Modesto oat extraction production line was launched in May, employing proprietary enzymatic processes to break down whole oats […]
USA: Lassonde to acquire Summer Garden Food for $235 million
Lassonde, a producer of ready-to-drink fruit and vegetable juices and drinks, has announced it has entered into an agreement to acquire Summer Garden Food, a US-based specialty food manufacturer and distributor, for $235 million. Founded in 1946, Summer Garden operates as a wholly owned subsidiary of The Zidian Group, manufacturing, marketing and distributing sauces, marinades, […]