UK: Haleon sells ChapStick lip balm brand
Yellow Wood Partners, a private equity firm based in Boston, USA, has announced that its portfolio company Suave Brands has signed a binding offer to acquire the lip balm brand ChapStick from Haleon, a consumer healthcare firm, for €468 million ($519.6 million). ChapStick lip balm first debuted in the 1880s and later diversified its product […]
Italy: Galup acquires Golosi di Salute
Italian bakery firm Galup has acquired Golosi di Salute, a manufacturer of cakes, biscuits, desserts and confectionery based in Monticello d’Alba, in Italy’s Piedmont region, according to reports in Distribuzione Moderna and ANSA. Golosi di Salute was founded in 2005 and is said to be particularly known for its use of “unconventional” ingredients including kamut, […]
USA: Fengate Private Equity acquires Saco Foods
Fengate Private Equity, a division of investment fund Fengate Asset Management, has announced the acquisition of Saco Foods, a US manufacturer of shelf-stable products for an undisclosed sum. Founded in 1973, the company had been owned by Benford Capital Partners since 2016, during which time it underwent a process of recapitalization. Saco Foods is described […]
USA: Bimbo to close New Mexico plant
Bimbo, the Mexican bakery giant, has announced plans to close its baking plant in Albuquerque, New Mexico by April. Launched in 1945 in Mexico City, Bimbo is a leading player in the US bakery market, operating 59 plants, employing approximately 20,000 associates and running over 700 sales centers. Its brands include Thomas, Sara Lee, Arnold, […]
Italy: Morato Group acquires gluten free specialist Massimo Zero
Morato Group, a leading Italian bakery firm, is continuing its strategic expansion by acquiring Massimo Zero, a company specialized in the manufacture of gluten-free products made with 100% Italian flour. Based in Alto Adige, Massimo Zero will now be run by Morato Group subsidiary NT Food in partnership with Botzen Invest, a local investment company. […]
USA: MPearlRock acquires Nutpods brand
MPearlRock, a partnership between Kroger’s venture capital arm PearlRock Partners and MidOcean Partners, a private equity firm, has announced the acquisition of Nutpods, a plant-based creamer brand, for an undisclosed sum. Founded in 2013, Nutpods is described as the leading manufacturer and marketer of plant-based creamers in the US, with a presence in more than […]
Italy: DayDayCook continues acquisition spree with majority stake in GL Industry
DayDayCook (DDC), the specialist in ready-to-cook and ready-to-eat Asian foods, has announced it has entered into an agreement to acquire 51% of GL Industry, an Italian producer of specialized Asian ready meals. GL Industry sells its products to over 7,000 European retailers under private labels as well as under its own Asiamama and Sushimama brands. The firm currently manages […]
USA: Sprecher Brewing acquires energy drink brand Juvee
Sprecher Brewing, a brewer with German heritage situated in Glendale (WI), has announced the acquisition of energy drink brand Juvee from global gaming and lifestyle firm 100 Thieves to increase its footprint in non-alcoholic drinks. Launched in 2022, Juvee energy drinks are claimed to boost energy, elevate mood, increase focus and improve overall well-being. Commenting […]
Spain: Danone to close yoghurt factory
FMCG giant Danone has announced plans to close its yoghurt factory in Parets del Valls, Spain to enhance “the competitiveness of brands” and bolster “industrial efficiency”. “From this moment on, Danone Spain will work together with the legal representation of the workers to offer the best possible solutions, and minimise the impact on the employees […]
Italy: Monk’s brand acquired by Candy Factory
Candy Factory, a leading Italian confectionery manufacturing group, has acquired Monk’s, a historical brand of balsamic sweets produced by Akellas. Manufactured in the Milan area since 1954, Monk’s candies are marketed in Italy and in some parts of Canada, Switzerland and Japan. With the acquisition, Candy Factory is reportedly aiming to bolster its international presence. […]