USA: Prairie Farms Dairy acquires SmithFoods
US based dairy firm Prairie Farms Dairy has announced the acquisition of domestic peer SmithFoods. According to sources, the deal is part of Prairie Farms Dairy’s strategy to diversify its product portfolio and expand its market reach. Ohio-based SmithFoods was founded in 1909 and produces dairy based products such as milk, sour cream, cottage cheese, […]
Spain: Angel Camacho acquires Macarico
Spanish food and beverage producer Angel Camacho has announced the acquisition of Macarico, a Portuguese firm that manufactures sauces and antipasti. In a press release, Angel Camacho said the deal was part of the firm’s “satisfied customer and consumer” plan, in which Portugal and Brazil are considered strategic markets. Founded in 1930, Macarico is a […]
USA: PepsiCo announces agreement to acquire Siete Foods
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Garza Food Ventures LLC, trading as Siete Foods, a Mexican-American foods company. In a press release, PepsiCo said the $1.2 billion deal would complement the firm’s portfolio with an authentic Mexican-American brand as well as adding a variety of […]
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 […]
UK: Kellanova to invest £75 million to expand cereal production in Wrexham
Kellanova, the leading US cereal and snacks firm, has announced an investment of £75 million ($98 million) to expand production at its breakfast cereal facility in Wrexham, North Wales. The Wrexham site, which opened in 1978, is Kellanova’s largest Special K plant globally. It also manufactures other brands, such as All Bran, Bran Flakes, and […]
Tradeshow Look Ahead: Yannick Verry, Fi Europe 2024
Gama spoke to Yannick Verry, Brand Director, ahead of the latest edition of Fi Europe. What are your expectations for this year’s FI Europe? What features are there for consumers to look forward to? Fi Europe is gearing up for its biggest and best year ever. From 19th-21st November 2024, Messe Frankfurt will host the […]
Saudi Arabia: Almarai acquires Hammoudeh Food Industries
Saudi Arabia based dairy firm Almarai has announced the acquisition of Hammoudeh Food Industries, the food and beverage business of Jordanian conglomerate Hammoudeh, for 263 million SAR ($70.1 million). Founded in the 1960s in Amman, Hammoudeh Food Industries serves as the food and beverage manufacturing division of the Hammoudeh conglomerate, which is also involved in […]
Belgium: Natra acquires Gudrun Group
Natra, a vertically-integrated cocoa and chocolate manufacturer, has announced the acquisition of Gudrun, a Belgian chocolate and truffle producer, from Down2Earth Capital. Founded in 1942, Gudrun is a manufacturer of premium chocolates for international retailers in multiple markets. It has a manufacturing base in Lier, Belgium, and a distribution centre in Poland. Commenting on the […]
US: Japan Tobacco to complete acquisition of Vector Group
Japan Tobacco (JT), the leading tobacco company, has announced it has completed the acquisition of Vector Group (VGR), the fourth largest tobacco company in the United States, after a tender offer initiated in August. Vector Group is a holding company for Liggett Group LLC, Vector Tobacco LLC and New Valley LLC. Founded in 1873, Liggett Group is the operating successor to Liggett […]
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 […]